Doing what you like is Freedom. Liking what you do is Happiness.
- #2,081
- Nov 1, 2011 5:11pm Nov 1, 2011 5:11pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
- #2,082
- Edited 5:34pm Nov 1, 2011 5:12pm | Edited 5:34pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
This is a report of several trades in the above period for EU 5M. Loosing around $1000 (10% of equity) in 7 trades.
I can not agree more that RJ is right, the original symphonie trendline indicator is too slow. Many times, if not, everytime, trend begin to change again after the trendline indicator confirmation.
Also during strong trends, if the initial entry was missed, it seemed to be hard to have another extreme spike that supports a reentry. In strong trend, most extreme spikes will support a counter trend. I believe you have pointed...
Thank you for the very nice work. Well done. Have you tested in 15 min as well? The reason I ask that is because I believe 2 weeks ago I said that 5 min timeframe does not seem to be working well in this very jumpy market because it is creating channels that are over 70pips wide and will hit your stoploss due to whipsaws. I know I recommended 15 min timeframe because that timeframe will get you above the whipsaws to some extent.
Also, when you move to 15 min increase your stoploss to 75 pips.
Try that and I think your results may improve. I think you will also find yourself trading with the trend and not against it as you will find that will occur in more in the 5 min.
Again, nice documentation.
Eval.
P.S. to less the fast extreme spikes you may wish to increase the major cycle signal strength in the extreme indikator. you will find less extreme spikes are painted so quickly giving price action to stablize and move your order into profit. exact settings you will have to experiment with it.
- #2,086
- Nov 1, 2011 5:25pm Nov 1, 2011 5:25pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,088
- Nov 1, 2011 5:31pm Nov 1, 2011 5:31pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Realjumper,
Working on your M1 scenario from earlier. Took a position and closed already with Extreme signal. Great work on the testing. [EURUSD]
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,090
- Nov 1, 2011 5:41pm Nov 1, 2011 5:41pm
Absolutely fantastic group and thanks to contributors like yourself, we all see more clearly trends and triggers. Thank you!
p.s. On the M! I am avoiding the counter trend as I am new to the indi and we are in the Asian session (weaker follow-thru).
p.s. On the M! I am avoiding the counter trend as I am new to the indi and we are in the Asian session (weaker follow-thru).
Well done.....that's the way to do it
- #2,094
- Nov 2, 2011 12:51am Nov 2, 2011 12:51am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,096
- Nov 2, 2011 1:17am Nov 2, 2011 1:17am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,098
- Nov 2, 2011 2:02am Nov 2, 2011 2:02am
Oh another thing is, when you entered a trade and later nothing much really happened after 10-15+ bars because of ranging or consolidation, just close at BE and wait for another entry, dont let luck interfere with such great system
- #2,099
- Nov 2, 2011 2:07am Nov 2, 2011 2:07am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
This my backtest documentation for realjumper's template on EU 5M for the recent period. With realjumper's template, 5M trades seem to be much more improved. The results will be much better when I learn to use a better exit (close half once spike and another half by some kinda conditions similar to that of evaluators') and learn to reenter trades once closed early. Also, I was behaving like a robot, trading even when market ranges at very tight ranges and even when countering a strong trend, in live trading ofc those trades will not happen....
keep up!
- #2,100
- Nov 2, 2011 3:05am Nov 2, 2011 3:05am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
This my backtest documentation for realjumper's template on EU 5M for the recent period. With realjumper's template, 5M trades seem to be much more improved. The results will be much better when I learn to use a better exit (close half once spike and another half by some kinda conditions similar to that of evaluators') and learn to reenter trades once closed early. Also, I was behaving like a robot, trading even when market ranges at very tight ranges and even when countering a strong trend, in live trading ofc those trades will not happen....
I have to say that some of those trades I would not have taken because they were very clearly against the trend, so it's reasonable to assume that it is a minor pullback and will probably result in being stopped out. Sometimes these trades against the trend can work, after all....it has to reverse somewhere, but in my opinion, these trades are not high probability trades, and therefore I don't take them. I let the pullback happen, and look for an entry later on, in the direction of the trend.
For the exits, these are a bit more difficult to document than the entries. For instance, from Asian open today there was a 45 pip move north to touch the Daily pivot. That would be a good place to exit.....and I did. The re-entry was the bounce on top of the pivot, and that was worth another 70 pips. Another way to do t would have been to move the SL to BE +10 when the PA touched the pivot and then let the trend up resume later and carry on gathering pips, which would have been +130 pips at the time of a genuine reversal signal....ie all indies pointing south. It's a difficult one, and it's very 'hands on', which is why an EA won't be very profitable.
I guess you are correct regarding the stochastic as far as entries go....I just like stochastic because I have used it for so long and I guess I believe in it. However it is very valuable for re-entry as you have noticed.
I think the system with the stochastic and the arrows works well....as you have found out. To maximize profits it is essential that you know about pivots, candles, candle formations, s/r levels, fibs etc. The system is not great at giving an optimum exits, so you need to be able to use good old fashioned technical analysis to help you exit at the most profitable time.
Thanks again for all your hard work......I appreciate it very much.
RJ
Doing what you like is Freedom. Liking what you do is Happiness.