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Trade naked - testing thread

  • #1
  • First Post: Apr 14, 2011 12:22pm Apr 14, 2011 12:22pm
Trying to create a thread for trade naked testing purposes. Lets see if I can manage to do that.
  • #2
  • Apr 14, 2011 12:24pm Apr 14, 2011 12:24pm
So it seems that I was able to do this

I could write the name of this thread into LGs thread also so anyone interested can see, what we are doing here. What do you think?
  • #3
  • Apr 14, 2011 12:44pm Apr 14, 2011 12:44pm
We started with following proposal

Quote
Then we are

1) Whistlepips
2) Anthar
3) GhostMcFly
4) LearningPIPs
5) Blackqn

Proposal is as follows:

1) Platform MT4 equipped with Those scripts, RSI(3) and CustomCandle indi, and RSI arrows indi (I'm not sure if this one works properly with backtesting, so maybe it will be necessary to look at the candles and read RSI direction for higher TF from candles)

2) Start date:...

And we have some opinions just to clarify:
Quoting Whistlepips
Good ideas. Could it be a good idea to present SL levels with minimum sl required and also the range of sl placed abowe/below last sving low/high. Someone just asked, if smaller SLs could be used. With TP one option would be to check TP according to consolidation levels TPCL1, TPCL2, etc. => as long as it goes if you let the position run.

IMO making transactions would make the job a lot harder, but I do them if others agree. Can you change TFs in MT 4 easily during testing? Do we also check 3 taps? As I mentioned earlier Im interested in testing GBP/USD and EUR/JPY.
Quoting Anthar
I like it as it is and will give my opinion on the final matters you stated:
1. I think we should just look for potential TP and SL in this round at least. We might improve and refine the research in a future round.
2. Results must be presented in PIPS.
3. As someone, I think Whistle, said we should take note on all existent levels of TP, this requieres personal discretion and may vary, but we can't avoid that and we know it.
4. Way to present results could be an excel sheet with the fields:
date, price and time of entry, SL, TP1 and TP2 if exists, time of exit.
I might prefer to keep it simple but important things might be escaping from my thought. Please add to this.

Also, I think it's very important to keep discussion on this outside the thread so we don't use too much space in it. I'm willing to handle it on PM, mail or whatever, and in the end present results to eveyone in the thread. What do you guys think?
Quoting GhostMcFly
There is a results tab in the visual tester - see the attachment to this post. Right click on the results table, save as report (html) - it will produce a detailed statement of all positions made during the test. That is why I think everyone can benefit from this test, because it will be possible to check every position, TP and SL, and the test will be more credible than someone making entries in ms excel sheet.

There should be also log files for the test in the following path: /yourPlatform/tester/logs. Moreover these logs can uploaded in the Journal tab of the visual tester. (i haven't checked how it works yet, but looks very promissing - maybe we could share logs from the test).

I will be using LG setups and indicators. CustomCandle is only because it is not possible to change TF during the test. If CustomCandles need a clarification then I can make one. I do not advise using this candles in trading and I do not use them myself, because they make the picture unclean (eg. for me consolidation and S/R zones mess up with custom candles on my charts). The simpler, the better.
So, lets discuss and set-up our test. I propose, to discuss point after point then new ideas.
Time matters most
  • #4
  • Edited 1:23pm Apr 14, 2011 12:48pm | Edited 1:23pm
Then we are

1) Whistlepips
2) Anthar
3) GhostMcFly
4) LearningPIPs
5) Blackqn

Proposal is as follows:

1) Platform MT4 equipped with Those scripts, RSI(3) and RSI arrows indi (I'm not sure if this one works properly with backtesting, so maybe it will be necessary to look at the candles and read RSI direction for higher TF from candles)

2) Start date: 1st February 2010, end date 10 April 2011

3) Test of breakouts from consolidations:
- H4 TF
- first 4 candles of week, any 4 candles of obvious consolidation
- M30 wicks create scout ine as M15 at H1 BO

- D1 TF
- first 4 candles o month, any 4 candles of obvious consolidation
- H1 wicks create scout line as M15 for H1 BO
- It may be good idea to use H1 BO as a confirmation of breakout or channel trading

4) I think that in general we shall use what is described in this thread, especially page 1, but scalled to tested TF.

5) And what do you think: shall we try to make transactions and record them (results will be highly dependant on experience) or shall we just look for potential TP and SL? Or maybe we shall do both to find out how to recognize properly, how to enter and what shall be prevented?

6) I think that results shall be presented in pips, so used lot size doesn't matter and everyone may use his comfortable one. We probably shall also agree on a way results are presented, so we keep consistency.

Any opinions, additions, removals, adjustments? Lets find common view.
Time matters most
  • #5
  • Apr 14, 2011 12:59pm Apr 14, 2011 12:59pm
Im not able to make Custom candle work in my MT4. It may be because I have only a demo with MT4 at the moment?
  • #6
  • Apr 14, 2011 12:59pm Apr 14, 2011 12:59pm
Do we ageree on what is proposed in point 1?

Scripts and CustomCandle are to make manual backtesting possible and to have ability to look at lower TF what is impossible in ordynary MT4 backtesting.
Time matters most
  • #7
  • Apr 14, 2011 1:00pm Apr 14, 2011 1:00pm
Quoting Whistlepips
Im not able to make Custom candle work in my MT4. It may be because I have only a demo with MT4 at the moment?
I did not check it, I'll do that immediately and let you know.
Time matters most
  • #8
  • Apr 14, 2011 1:03pm Apr 14, 2011 1:03pm
Yall are way ahead of my computer abilities. I will participate in the testing as much as I can figure out, but don't want to slow you down for a school on back testing.
  • #9
  • Apr 14, 2011 1:15pm Apr 14, 2011 1:15pm
Quoting LearningPIPs
Yall are way ahead of my computer abilities. I will participate in the testing as much as I can figure out, but don't want to slow you down for a school on back testing.
Sure, that's why I proposed to keep it simple in the way of doing a simple, old-fashioned testing for starters... and in a second round make a more sophisticated and accurate testing using all those tools provided.

That's just my thought guys, I'm up for what the groups agrees.
Flp. 4:13
  • #10
  • Apr 14, 2011 1:19pm Apr 14, 2011 1:19pm
Quoting Anthar
Sure, that's why I proposed to keep it simple in the way of doing a simple, old-fashioned testing for starters... and in a second round make a more sophisticated and accurate testing using all those tools provided.

That's just my thought guys, I'm up for what the groups agrees.
I agree. It may be easier to do the first round in a more simple manner. It would be good to get this thing goind even with simple methods. Do we all have MT 4 platform anyway.
  • #11
  • Apr 14, 2011 1:20pm Apr 14, 2011 1:20pm
Quoting blackqn
I did not check it, I'll do that immediately and let you know.
This indi is useless for our tests
Time matters most
  • #12
  • Apr 14, 2011 1:26pm Apr 14, 2011 1:26pm
Quoting blackqn
Do we ageree on what is proposed in point 1?

Scripts and CustomCandle are to make manual backtesting possible and to have ability to look at lower TF what is impossible in ordynary MT4 backtesting.
Removed CustomCandle from proposal, are we accepting approach stated in point 1 and can we go through remaining ones?
Time matters most
  • #13
  • Apr 14, 2011 1:31pm Apr 14, 2011 1:31pm
Concerning the point 1 have you figured out a way to move between timeframes during testing? My platform will lead me back to present day every time I change TF. This will not be a problem if I use a single time frame, but it slows significantly down my testing. One option would be to mark down all the setups in a single TF and then go to lower TF´s and go through them all.
  • #14
  • Apr 14, 2011 1:41pm Apr 14, 2011 1:41pm
Quote
Concerning the point 1...
Let me describe the process of using Custom Candle - example:

I will be testing 4H time frame and watch 1H candles for scouts and breakout confirmation. I set up 1H time frame on a chart. I already have RSI(3) in indicator's window and LG's trend display. Adding CustomCandles (CC for short). In CC properties, in Imputs tab I set time frame to 240 (which is 4H) - this way I will have 1H candles as a main chart and 4H candles as custom candles.


Here's how it may look - pic.
Messy, not good, like I said in LG's thread I do not use it. OK, we don't use it.

BUT...
Instead of CustomCandle maybe stratman mini chart indicator is better?

As for the test, I can use any value pair, but I prefer H4 4C BO than daily BO. Daily is a hard piece of bread, for experienced traders only, I do not think I will use it any time soon.
Attached Image
  • #15
  • Apr 14, 2011 1:44pm Apr 14, 2011 1:44pm
Quoting Whistlepips
Concerning the point 1 have you figured out a way to move between timeframes during testing? My platform will lead me back to present day every time I change TF. This will not be a problem if I use a single time frame, but it slows significantly down my testing. One option would be to mark down all the setups in a single TF and then go to lower TF´s and go through them all.
I was thinking about that and to make it simple we shall maybe skip lower TFs in first attempt? So in this trial focus on D1 an H4 depending on "asignment" What do you think?

I'm really disappointed with customcandle indi...
Time matters most
  • #16
  • Apr 14, 2011 1:57pm Apr 14, 2011 1:57pm
Quoting blackqn
I was thinking about that and to make it simple we shall maybe skip lower TFs in first attempt? So in this trial focus on D1 an H4 depending on "asignment" What do you think?

I'm really disappointed with customcandle indi...
Yes it was a pity that it wont work for us at the moment. Ghosts "stratman" indi looked promising, but I wasn´t able to make it work in my MT 4. Maybe it is better to use a simplistic approach in this first attempt and develop methods during the journey.
  • #17
  • Apr 14, 2011 2:08pm Apr 14, 2011 2:08pm
Quoting Whistlepips
Yes it was a pity that it wont work for us at the moment. Ghosts "stratman" indi looked promising, but I wasn´t able to make it work in my MT 4. Maybe it is better to use a simplistic approach in this first attempt and develop methods during the journey.
So simplified, sticked to 1 TF, with listing possible TPs and SLs? Do we agree on that or I mixed something up?
Time matters most
  • #18
  • Apr 14, 2011 2:12pm Apr 14, 2011 2:12pm
Quote
Maybe it is better to use a simplistic approach in this first attempt and develop methods during the journey.
Quote
So simplified, sticked to 1 TF, with listing possible TPs and SLs? Do we agree on that or I mixed something up?
Yes, OK for me.

Tomorrow I have a day off work, will try to find time to make a test of the first period (5-7 months) AUD/USD H4 4C, TP and SL only (without moving to BE or TP2 or manual closing). I will share with you the results and some comments maybe arise in my head.

edit
BTW: my timezone is GMT +1
  • #19
  • Apr 14, 2011 2:15pm Apr 14, 2011 2:15pm
Quoting blackqn
So simplified, sticked to 1 TF, with listing possible TPs and SLs? Do we agree on that or I mixed something up?
Fine with me. Now I have to go to have some rest for my eye-lids. Hope you make some progress with this. Really interesting and inspiring to do this together

I will get back to you in morning.
  • #20
  • Apr 14, 2011 3:14pm Apr 14, 2011 3:14pm
If I remember correctly some of us pointed out some preferences already:

1) Whistlepips - GBP/USD, (EUR/GBP or EUR/JPY?) D1
2) Anthar
3) GhostMcFly - AUD/USD H4
4) LearningPIPs
5) Blackqn - EUR/USD, GBP/JPY H4

It looks that we need at lest one sticking to D1 yet, if Anthar and LearningPIPs want H4, I can switch myself to D1. Just let's agree who and what.
Time matters most
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