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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #341
  • Dec 28, 2010 9:51pm Dec 28, 2010 9:51pm
Triggered Short on pound...30 pip target and 15 pip stop... see how it goes....
  • #342
  • Dec 28, 2010 9:54pm Dec 28, 2010 9:54pm
no trigger yet-- plus once there is trigger price must retrace to open price
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #343
  • Dec 28, 2010 9:57pm Dec 28, 2010 9:57pm
Quoting Musashi
Triggered Short on pound...30 pip target and 15 pip stop... see how it goes....
can you post your chart --- what are you looking at

I dont see a trigger on my chart
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #344
  • Dec 28, 2010 10:03pm Dec 28, 2010 10:03pm
Price moved higher than the open price by 12 pips then put sell stop into market.
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  • #345
  • Dec 28, 2010 10:08pm Dec 28, 2010 10:08pm
Dreamliner

Thanks for your hard work.

In your backtesting, did you find equal success with with Trend Continuation trades (trend being defined as same direction as previous bar) and Reversals (opposite direction of previous bar)?

Thanks
  • #346
  • Dec 28, 2010 11:55pm Dec 28, 2010 11:55pm
Did the ranging thing and stopped me out.

No way to stop that sort of thing happening.
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  • #347
  • Dec 29, 2010 12:05am Dec 29, 2010 12:05am
Entered Short again off of my standard chart using the 7R bars like i normally do....

Price breaking out of that congestion zone now...
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  • #348
  • Dec 29, 2010 12:08am Dec 29, 2010 12:08am
Quoting Musashi
Did the ranging thing and stopped me out.

No way to stop that sort of thing happening.
I am not sure what range -- and what ur rules -- 20--30 pips above or bleow is trigger then enter on the retrace to the open price

this last candle exceed the 30 pips range no trade
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #349
  • Dec 29, 2010 12:09am Dec 29, 2010 12:09am
Quoting zamanib
this last candle exceed the 30 pips range no trade
30 pip range from where to where?
  • #350
  • Dec 29, 2010 12:37am Dec 29, 2010 12:37am
Quoting Musashi
30 pip range from where to where?
the rules are so simple , why are you asking again? just go to previous posts and READ

the thread is being overloaded with unnecessary posts
skype, facebook: fxzebra
  • #351
  • Dec 29, 2010 12:43am Dec 29, 2010 12:43am
Quoting fx345
the rules are so simple , why are you asking again? just go to previous posts and READ

the thread is being overloaded with unnecessary posts
Yes I have seen he is using 20-30 pip price movement from the open price before he will enter a pending order.
  • #352
  • Dec 29, 2010 1:04am Dec 29, 2010 1:04am
Quoting Musashi
Yes I have seen he is using 20-30 pip price movement from the open price before he will enter a pending order.

yes , the rules are simplest as 123 , a 9 year old kid can get them easily:

movement of 20 pips from open price = put pending order from open to the opposite side
movement of 30 pips from opens price makes the pending invalid

SL =30+spread
TP=close of bar

thats it, now we need to test the win rate of it , if its something from 80% and above - we have good system here, because R:R is around 1:1
win rate od below 80% would be profitable but hard to trade psychologically
skype, facebook: fxzebra
  • #353
  • Dec 29, 2010 1:14am Dec 29, 2010 1:14am
EU current 50R bar fits that's criteria my friend.
  • #354
  • Dec 29, 2010 1:25am Dec 29, 2010 1:25am
My BackTesting 1-10 December results with Dream Rules:

GBPUSD
Range Bar: 50 Pips
SL: Close Range Bar
TP: Close Range Bar
Trigger Pending Order: Open Price between + - 17 and 25 Pips (Dream Rules).

Summary:

Range Bar Analized: 54
No Trades: 33
Quantity of Trades: 21
Winning Trades / Pips: 15 / 428 Pips
Losing Trades / Pips: 6 / -202
Pips Benefit: + 226 Pips
71,43 % Winning Trades.

The results would be better if the SL = 25 Pips (No Close Range Bar).

You can compare this results with the last one (without upper limit trigger), see below.

Much better results than last one.

Greentings.

JdD

Quoting JdD
On attached xls file, the updated results of my Manual BackTesting on December 1st-10th.

GBPUSD
Range Bar: 50 Pips
SL: 20 Pips
TP: Close Range Bar
Trigger Pending Order: Open Price + - 20 Pips.

Summary:

Range Bar Analized: 54
No Trades: 28
Quantity of Trades: 26
Winning Trades / Pips: 14 / 288 Pips
Losing Trades / Pips: 12 / -240
Pips Benefit: + 48 Pips

By now, the results are worse than I expected.

No spread considered.

Greetings.


JdD
Attached File(s)
File Type: xls MPAS Forex Test-50 Pips Range Bar 17-25 Pips Limits (1-10 Dic-10).xls   119 KB | 332 downloads
  • #355
  • Dec 29, 2010 2:01am Dec 29, 2010 2:01am
Quoting JdD
My BackTesting 1-10 December results with Dream Rules:

GBPUSD
Range Bar: 50 Pips
SL: Close Range Bar
TP: Close Range Bar
Trigger Pending Order: Open Price between + - 17 and 25 Pips (Dream Rules).

Summary:

Range Bar Analized: 54
No Trades: 33
Quantity of Trades: 21
Winning Trades / Pips: 15 / 428 Pips
Losing Trades / Pips: 6 / -202
Pips Benefit: + 226 Pips
71,43 % Winning Trades.

The results would be better if the SL = 25 Pips (No Close Range Bar).

You can compare this results with the last one (without upper limit trigger), see below....
it look like you did your correct -- Myself and dreamliner know what are talking about and see the great result in this system
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #356
  • Dec 29, 2010 2:07am Dec 29, 2010 2:07am
Quoting crodzilla
I have an EA that I built for constant range bars, using a similar strategy. But, if I remember correctly, I didn't define how far beyond the previous bar price had to go, and I opened a new trade at the open of a new bar, instead of opening a stop order for the open of the previous bar. It was barely profitable, not really enough to put any more time into. And, it didn't really have good MM.

So, your strategy seems very well thought out, and would seem to catch the reversal early.
Do you mean to say that you have implemented EA for offline pip range chart?
I think EA that work on live chart wont work on offline chart.
Could you please share your EA if it works on offline chart?

Thanks.
AshN
  • #357
  • Dec 29, 2010 2:13am Dec 29, 2010 2:13am
Quoting netFX
I think EA that work on live chart wont work on offline chart.
You think wrong... EA's will work on offline charts, the only thing you cannot do is use backtester on offline charts.

Which is not much use.
  • #358
  • Dec 29, 2010 2:32am Dec 29, 2010 2:32am
Quoting Musashi
EU current 50R bar fits that's criteria my friend.
20Pip SL
30Pip TP
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  • #359
  • Dec 29, 2010 2:42am Dec 29, 2010 2:42am
Has anyone had any success backtesting range bars as per the youtube video instructions:
Inserted Video
  • #360
  • Dec 29, 2010 3:14am Dec 29, 2010 3:14am
Quoting Musashi
You think wrong... EA's will work on offline charts, the only thing you cannot do is use backtester on offline charts.

Which is not much use.
Thanks Musashi for your update on this.
I tried to run one simple EA but it did not work.
Not sure what could be the problem with my EA.
Is it possible for you to share any EA which worked for you on offline chart?
Please let me know.
AshN
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