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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

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Invictus

  • #801
  • Nov 11, 2011 1:47pm Nov 11, 2011 1:47pm
Quoting hanover
Umm, but you're effectively saying the same thing. If price has to move further to reach the TP, then the TP is effectively 20+spread pips, and the SL is effectively 20-spread pips, hence the RR ratio is actually more than 1:2, e.g. with a 2 pip spread you'd be risking 22 pips to make 8 pips, which is nearer to 1:3.

The smaller the move one is trying to capture, the greater the effect of whatever spread you have to pay. A great many more intraday systems (especially automated ones) would be net profitable, if only it was possible to trade spread/commission...
You also have the fact that the system has around a 90% hit rate with quoted 19 wins in a row. With that in mind you can apply some clever money management to overcome the R:R hurdle. IE: for first 3 wins 2*lot size, next 3, 1*lot, next 3 2* lot size (0.1,0.2, 0.4, 0.4, 0.4, 0.4, 0.8, 1.6, 3.2)... kind of an anti-martingale or snowball approach. Just thinking out loud...
  • #802
  • Nov 11, 2011 2:09pm Nov 11, 2011 2:09pm
Thank you Udine for your effort. I made 20 pips using this system. The system looks good and quick pip hunter. I have few questions (I have searched the entire thread but couldn't find a satisfactory answer):
1- Did you mean 3 Level Semafor indi by BO or Breakout?
2- What exactly xADR you are referring to?
Attached Image (click to enlarge)
Click to Enlarge Name: BO-xADR_CV.jpg Size: 155 KB

Moreover it is a good idea to post your template as it will help members to post their ideas rather than asking for template (like me ).

Quoting Udine

3.- BO Signal Bar green: Break Out of Signal Bar (up for Long & down for Short)
4.- min. 10 pips distance to the pivot in the direction of the trade: if not: no trade !!
5.- xADR green & RmUp/Dn green
  • #803
  • Nov 11, 2011 2:45pm Nov 11, 2011 2:45pm
Quoting cybervaccine
Thank you Udine for your effort. I made 20 pips using this system. The system looks good and quick pip hunter. I have few questions (I have searched the entire thread but couldn't find a satisfactory answer):
1- Did you mean 3 Level Semafor indi by BO or Breakout?
2- What exactly xADR you are referring to?
Attachment
Moreover it is a good idea to post your template as it will help members to post their ideas rather than asking for template (like me ).
The first two on the left must be GREEN (5&25 ATR and Room UP & Down).
The other box you marked is only the value of average day range for past days)
  • #804
  • Nov 11, 2011 2:52pm Nov 11, 2011 2:52pm
a good day can turn into a bad day in a matter of minites.

With the bad RR of this system you really have to have some good MM skills, which im hoping i have, but today for example, i had 3 winners, 1 went to full tp the next 3 were all taken out by EA despite 2 of them finally moving for a full tp, then i had 1 loser which wiped out everything i did today in a matter of minites.

UC +10 London
GU +2.2 London
UC +3.3 London
UC -20 London


so after about 4-5 hours of trading i had +15.5 pips in the bank, so im a happy man.
then comes the 4th trade all rules met etc and it takes me out, not only that but completely wipes out 4-5 hours of trading and more!
ytakes out my last 3 trades, infact my last 5 if you include yesterdays last two trades also being taken out by ea for 0.4 pips and 0.7 pips each.

So one trade took out my last 5!! profitable trades.
  • #805
  • Nov 11, 2011 3:02pm Nov 11, 2011 3:02pm
Quoting deankenny21
a good day can turn into a bad day in a matter of minites.

With the bad RR of this system you really have to have some good MM skills, which im hoping i have, but today for example, i had 3 winners, 1 went to full tp the next 3 were all taken out by EA despite 2 of them finally moving for a full tp, then i had 1 loser which wiped out everything i did today in a matter of minites.

UC +10 London
GU +2.2 London
UC +3.3 London
UC -20 London


so after about 4-5 hours of trading i had +15.5 pips in the bank, so im a happy man.
then comes the 4th...
Exact same thing happened to me last night (PST). So I went to bed, got up and started again, 10 pips positive this morning and stopped there. I hate losing profits on a day I had them. I'd rather not take that last trade if I've met my goal, but I let greed get the better of me last night - and greed and the market one, as it always will if you let it. (Not saying this about you, just describing my own actions and their consequnces.)

Can I ask, was that UC loss at anypoint profitable (I know it had to BO obviously to get you to trade it, but did it stay in profitability for more than 30 seconds or so)?
Small disciplines repeated with consistency lead to great achievements.
  • #806
  • Nov 11, 2011 3:05pm Nov 11, 2011 3:05pm
Quoting jmflukeiii
Exact same thing happened to me last night (PST). So I went to bed, got up and started again, 10 pips positive this morning and stopped there. I hate losing profits on a day I had them. I'd rather not take that last trade if I've met my goal, but I let greed get the better of me last night - and greed and the market one, as it always will if you let it. (Not saying this about you, just describing my own actions and their consequnces.)

Can I ask, was that UC loss at anypoint profitable (I know it had to BO obviously to get you to trade it,...
thing is i thought this and i would only do 1 or 2 trades a day, but u could have a loser first thing then what, u need to do about 5 or 6 trades to make up for it taking into account EA taking u out etc! THe UC trade went up 1 maybe 2 pips before just going against me the rest .
  • #807
  • Nov 11, 2011 3:11pm Nov 11, 2011 3:11pm
Quoting deankenny21
thing is i thought this and i would only do 1 or 2 trades a day, but u could have a loser first thing then what, u need to do about 5 or 6 trades to make up for it taking into account EA taking u out etc! THe UC trade went up 1 maybe 2 pips before just going against me the rest .
Yes thats the problem with assuming a big stop. I don't trade with the EA because I mainly use another brokerto trade off (not MT4), but my panic reflex probably replicates the EA fairly well. Where do you put your BO orders? 1 pip above?

This is the problem with trading breakouts... there are always a lot of fakeouts, and in my opinion, more fakes as you increase the timeframe, which is why I'm going to try this on a 5 minute time frame next week. I actually did a couple trades with the template on a 1 minute chart last night and they worked.
Small disciplines repeated with consistency lead to great achievements.
  • #808
  • Nov 11, 2011 3:13pm Nov 11, 2011 3:13pm
Quoting jmflukeiii
Yes thats the problem with assuming a big stop. I don't trade with the EA because I mainly use another brokerto trade off (not MT4), but my panic reflex probably replicates the EA fairly well. Where do you put your BO orders? 1 pip above?

This is the problem with trading breakouts... there are always a lot of fakeouts, and in my opinion, more fakes as you increase the timeframe, which is why I'm going to try this on a 5 minute time frame next week. I actually did a couple trades with the template on a 1 minute chart last night and they worked....
i only take break visually then enter at market with mouse click as soon as i see break, becasue with spread etc and stuff, if u have a pending order it might fill u way before it even breaks, so no chance i will ever use pending orders for this type of trading.
  • #809
  • Nov 11, 2011 3:18pm Nov 11, 2011 3:18pm
Quoting deankenny21
thing is i thought this and i would only do 1 or 2 trades a day, but u could have a loser first thing then what, u need to do about 5 or 6 trades to make up for it taking into account EA taking u out etc! THe UC trade went up 1 maybe 2 pips before just going against me the rest .
Dean

Which candle did u take on UC ? The problem I am finding with the MTF HA indicator is the higher time frame candle 'forming' which is where the 'false' signals are coming from. When looking back now at the end of the day the signals all appear perfect but we know its not that easy until the higher TF candles have formed.

D
  • #810
  • Nov 11, 2011 3:21pm Nov 11, 2011 3:21pm
Quoting deankenny21
i only take break visually then enter at market with mouse click as soon as i see break, becasue with spread etc and stuff, if u have a pending order it might fill u way before it even breaks, so no chance i will ever use pending orders for this type of trading.
I use TD (thinkorswim) for trading, and my buy/sell stops for breakout/down have always worked out as I wanted them to. I took my first live trades ever on MT4 this morning and am not pleased with order entry. Is there a way of doing automatic stop and profit settings through MT4s order screen? So I don't have to sit there and type stuff in during the heat of the moment.

The problem I see with trying to trade at market on a break is being late - getting filled 3 or 4 pips into the move and then you need a 14 pip breakout to get a target hit (at least that's been my experience). I guess we'll see what happens next week.
Small disciplines repeated with consistency lead to great achievements.
  • #811
  • Nov 11, 2011 3:27pm Nov 11, 2011 3:27pm
Can everyone PLEASE wait until I get finished fixing the MTF HA ADR indicator this weekend before applying bandages to a car held together with wires and glue? Yes, if you can code, go ahead but please don't post any more modifications until address all the issues and questions and then if you want to hack it, go ahead. I do feel a little responsible since I slapped together the first one. Here are the things I am addressing (question marks are questionable):

NOTE: requires Heiken Ashi.ex4
clean up code
fix arrows (distance)
allow for 4 and 5 digit brokers
ATR/ADR color
trading hours, GMT, DST
current bar alert option
pivot awareness option (sunday data problem)?
corner position?
spacing
remove arrow if color change?
email alert
different TFs, reverse HA order
news alert option?
London lunch?
round numbers?

If there are other ideas, please reply to this post.
  • #812
  • Nov 11, 2011 3:28pm Nov 11, 2011 3:28pm
Quoting iwontsmoke
dean i am saying exactly the same thing. please check my screen shot.

there was no arrow because if you check the code :

if(mLineUp == 6 && PriormLineUp != 6 && RmUp > RmLmt && atr1 > atr2)

it only checks the m15 HA. in this trade 4hr HA was the last one to turned from red to green. it was not the safest trade i agree. but its according to the rules. becase rules dont say 15 minute HA should be the last one that turns from red to green.
This is wrong, it does check all three HAs if you read the code, which can be confusing, but will be fixed.
  • #813
  • Nov 11, 2011 3:29pm Nov 11, 2011 3:29pm
Quoting kolesar007
Udine, I made around 200pips or 33% with your system on my account today. I trade on 8 pairs. Sometimes it is difficult with so much pairs, because moves happend simultaneous and must be very fast .
Realy nice system I like it .

Sandi
Which pairs do you watch?
  • #814
  • Nov 11, 2011 3:29pm Nov 11, 2011 3:29pm
Quoting fxtrain
I really hate my broker. The spread is 3 btw. Thats alot to make up when you go for 10 pips. They always keep rejecting my market order.
Definitely time to switch brokers.
  • #815
  • Nov 11, 2011 3:30pm Nov 11, 2011 3:30pm
Quoting Aztrader2
My not...went only 4.5 pips down and didn't activate...... So: Losssssss
Me too, bad day to trade. If 1 or 2 pips is the difference between winning and losing, the market is ranging; stay out!
  • #816
  • Nov 11, 2011 3:31pm Nov 11, 2011 3:31pm
Quoting Udine
But the 11/11/11..... I dont know

Udine
Is that Nov 11 or 11 Nov? Only once a month do the US and UK agree on the date!
  • #817
  • Nov 11, 2011 3:40pm Nov 11, 2011 3:40pm
Quoting jmflukeiii
I use TD (thinkorswim) for trading, and my buy/sell stops for breakout/down have always worked out as I wanted them to. I took my first live trades ever on MT4 this morning and am not pleased with order entry. Is there a way of doing automatic stop and profit settings through MT4s order screen? So I don't have to sit there and type stuff in during the heat of the moment.

The problem I see with trying to trade at market on a break is being late - getting filled 3 or 4 pips into the move and then you need a 14 pip breakout to get a target hit...
Have you traded live (real) money with the TD (Thinkorswim) platform?
  • #818
  • Nov 11, 2011 3:51pm Nov 11, 2011 3:51pm
Quoting ericjschroed
Me too, bad day to trading; stay out!
In fact...I stayed away for the whole day
  • #819
  • Nov 11, 2011 4:23pm Nov 11, 2011 4:23pm
I'm thinking about moving my sl because price seems to either hit tp or ts in

the first few minutes of the move anyway.
  • #820
  • Nov 11, 2011 4:26pm Nov 11, 2011 4:26pm
Quoting deankenny21
a good day can turn into a bad day in a matter of minites.

With the bad RR of this system you really have to have some good MM skills, which im hoping i have, but today for example, i had 3 winners, 1 went to full tp the next 3 were all taken out by EA despite 2 of them finally moving for a full tp, then i had 1 loser which wiped out everything i did today in a matter of minites.

UC +10 London
GU +2.2 London
UC +3.3 London
UC -20 London


so after about 4-5 hours of trading i had +15.5 pips in the bank, so im a happy...
I think hard stop and trailing stop is the soft spot of this system. Closing a trade should be decided based on the price action on lower time frame like 1M. of course it will be very subjective and it may cause more harm than benefit.
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