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Fratelli Intraday trading system

  • #661
  • Nov 21, 2011 2:07pm Nov 21, 2011 2:07pm
Normal candlesticks with Supertrend ( same setting as Supercandles)

Period 10 Multiplier 1.7
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 21 21.59.jpg Size: 133 KB
Attached File(s)
File Type: mq4 SuperTrend.mq4   4 KB | 352 downloads
File Type: ex4 SuperTrend.ex4   4 KB | 284 downloads
" Never let the past hold the future to ransom "
  • #662
  • Nov 21, 2011 2:07pm Nov 21, 2011 2:07pm
Here's an example that shows what I mean.

In the Data Window, you can see SuperTrend..., Value 2, Value 3, Value 4. Unfortunately they didn't label them well but I'm 99.99% sure those correspond to O, H, L, C.

Look at the Price & Super candle Close values in the boxes. They are NOT the same. Price closed at the TOP of the body (as you can see in the chart, the white line is the Close), but the Super candle closed at the BOTTOM of the body. On the next bar, both Price and Super candle closed at the bottom.

You CAN'T TELL whether the Super candle closed at the top or bottom just by looking. The color indicates trend, not up-candle or down-candle. You can only tell where the Super candle closed by looking at the Data Window.

So since "Close crossing EMA" is a signal, I think we need to be clear about WHICH close it is. If it's Price, you can't see that because the template turns it off. If it's Super candle, you can't see that on the chart.

If it's good enough to have the candle body *straddle* the EMA, and you ASSUME it closed on the far side, then we should say that. I'd just like to know what Peter has been testing.

***EDIT: Peter says "so my answer to you is its always trend candle I talk about." So he's not looking at the price. Peter, when a candle straddles the EMA, do you just assume it's crossed?
Attached Image
  • #663
  • Nov 21, 2011 2:08pm Nov 21, 2011 2:08pm
I think this is one of the best threads that I read long ago and which is characterized by simplicity and efficiency at the same time, so thanks to all those in charge of the subject and special thanks for sharing this strategy ... I wish you every success ...
  • #664
  • Nov 21, 2011 2:09pm Nov 21, 2011 2:09pm
Quoting garyfritz
Dean, I think it's a reasonable question -- it's confusing me too.

Super candle close is NOT the same as the Price close, as shown in the picture I posted. You can't tell from looking at your picture whether the Super candle Close matches the price close, but my example showed it's NOT always the same. So "some" close crossing the 89EMA is a signal. Is it the Price close or the Super candle close?

If it's the Super candle, we have to be careful about deciding if the Top or Bottom of the Super candle body is the close... you can't see it from...

yes you can have a reentry arrow down on a green candle. that does not qulify for an entry, if price still goes down at some point the candle will change colour. when that happen and if its close below 89 ema and MACD is below yellow line, you have a signal for short.

if you then see a green candle again and an up arrow you have a reentry signal

hope it helps

Peter
  • #665
  • Edited 2:23pm Nov 21, 2011 2:12pm | Edited 2:23pm
[quote=MickyMouse;5153792]
Quoting dragosd1

hi there, are you building an ea for this system ?

i was actually in the process of building one but if you allready are...
no I am not.
And I hope no one does, because I dont belive in ea.

EA= Emty account.

And I also mean there is no shortcut to be a good trader.
You need to work very hard to beat the marked makers, so the best adwise I can you.
Learn to trade and dont think a EA can make you a milionare overnight, while you jumping around in Las Vegas having some fun

Learn your skill in this business and one day you can maybee call yourself I am a forex trader not a gambler.

I am not saying this to offend any one here.
Its just my opinion about what it takes to get there.


Peter
  • #666
  • Nov 21, 2011 2:15pm Nov 21, 2011 2:15pm
Quoting garyfritz
Here's an example that shows what I mean.

In the Data Window, you can see SuperTrend..., Value 2, Value 3, Value 4. Unfortunately they didn't label them well but I'm 99.99% sure those correspond to O, H, L, C.

Look at the Price & Super candle Close values in the boxes. They are NOT the same. Price closed at the TOP of the body (as you can see in the chart, the white line is the Close), but the Super candle closed at the BOTTOM of the body. On the next bar, both Price and Super candle closed at the bottom.

You CAN'T TELL whether the...
It seems that supercandle close is VALUE N° 3 and not 4....
  • #667
  • Nov 21, 2011 2:20pm Nov 21, 2011 2:20pm
euro-usd, euro-aud. look came a next trade.
  • #668
  • Nov 21, 2011 2:30pm Nov 21, 2011 2:30pm
Can anybody please check if the arrows are correct according to the strategy?

(you might need to change the colors to be able to see them, and also width)
thank you.

the arrows should represent only te initial entry, and not reentries
Attached File(s)
File Type: mq4 fratelli_arrows_v1.1.mq4   2 KB | 371 downloads
  • #669
  • Nov 21, 2011 2:33pm Nov 21, 2011 2:33pm
i just went trough the rules in the pdf file for the 6th time....

in the pdf is macd clearly above 0 ore clearly bellow 0 , does the color have any meaning? if not why we use the colored one and not the normal one ...
  • #670
  • Nov 21, 2011 2:37pm Nov 21, 2011 2:37pm
Quoting garyfritz
Here's an example that shows what I mean.

In the Data Window, you can see SuperTrend..., Value 2, Value 3, Value 4. Unfortunately they didn't label them well but I'm 99.99% sure those correspond to O, H, L, C.

Look at the Price & Super candle Close values in the boxes. They are NOT the same. Price closed at the TOP of the body (as you can see in the chart, the white line is the Close), but the Super candle closed at the BOTTOM of the body. On the next bar, both Price and Super candle closed at the bottom.

You CAN'T TELL whether the Super...
here is 2 pictures

And I dont see any difference in opening price and closing price on trend candles vs normal candles
I think its the colour which confuse you a bit.
After some time I am sure you get it.

I hope they help you.

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sar.gif Size: 103 KB
Click to Enlarge Name: normal candle.gif Size: 100 KB
  • #671
  • Nov 21, 2011 2:42pm Nov 21, 2011 2:42pm
I think this is going to take over strategy slot number two for me. I think its great. Excellent job. EJ was a nice addition as well because when it starts to go somewhere it seems to go there very quickly fo fast easy pips. Although I do have to say AU moved pretty damn quick as well.

Thanks again for all your work and putting this up for all of us to use.
Small disciplines repeated with consistency lead to great achievements.
  • #672
  • Nov 21, 2011 2:43pm Nov 21, 2011 2:43pm
I have asked someone to build an EA, but simply for backtesting purposes, I don't like EA's for live trading either.

One thing I want to be sure of, which I always do before trying any system is that each signal stands on its own merits. By that I mean, not discounting a trade just because you would have been in one already, because then it can come down to luck as well as a good signal. If you go to the bathroom when the first signal happens which wins, but take the second and that loses, we all know that feeling I'm sure

So the EA will backtest strictly by Fratelli's rules on AU, EU and EJ and I will post the results here, because a couple of things bother me about visually backtesting one of which is that it is difficult to tell when a particular candle turned green or red, at this very moment EJ is about to cross the supertrend indicator line and if it does will then turn this candle and the one before it, green (they both flashed green as it reached the line).

This doesn't detract at all from the fact I think this is a great system, but we may find some re-entries are better not taken, and some are, it can all only help.
  • #673
  • Nov 21, 2011 2:48pm Nov 21, 2011 2:48pm
Quoting ohammond
I have asked someone to build an EA, but simply for backtesting purposes, I don't like EA's for live trading either.



So the EA will backtest strictly by Fratelli's rules on AU, EU and EJ and I will post the results here, because a couple of things bother me about visually backtesting one of which is that it is difficult to tell when a particular candle turned green or red, at this very moment EJ is about to cross the supertrend indicator line and if it does will then turn this candle and the one before it, green (they both flashed green as...
my point exactly, only that we need to recode those super trend candles . as they are at the moment coded in a loop, trying to put them in another loop will make ure platform crash in miliseconds....
  • #674
  • Nov 21, 2011 2:49pm Nov 21, 2011 2:49pm
Quoting ohammond
I have asked someone to build an EA, but simply for backtesting purposes, I don't like EA's for live trading either.

One thing I want to be sure of, which I always do before trying any system is that each signal stands on its own merits. By that I mean, not discounting a trade just because you would have been in one already, because then it can come down to luck as well as a good signal. If you go to the bathroom when the first signal happens which wins, but take the second and that loses, we all know that feeling I'm sure

So the EA will...
to answer your first quistion.

If I got a signal for a trade and I took it, if I later got a new signal but was still in that trade, I did not backtest that second signal.
Because that dont make sense to me, if I allready in a trade I dont take a add on just because a new signal in same direction occur.

Hope it make sense

Peter
  • #675
  • Nov 21, 2011 2:49pm Nov 21, 2011 2:49pm
Quoting fratelli
Can I ask if you downloaded the PDF files with rules from page 1.

Peter
Of course you can ask and my answer is of course. I know that the signal candle must close above (for longs) but my question is about the open of that candle: if this open must be on the other side of the EMA or if this condition is not a must....
  • #676
  • Nov 21, 2011 2:52pm Nov 21, 2011 2:52pm
Ok, I must apologize to everyone for my confusion. Especially to Fratelli and Deankenny.

SuperTrend candles are the same with normal candles!

You can get confused during their development, as they seems different sometimes, but OHLC is the same! So, at the end, doesn't matter which Close you watch! End of story and, again, sorry for my confusion, was a full day here!
I don't say
  • #677
  • Nov 21, 2011 2:52pm Nov 21, 2011 2:52pm
Quoting MickyMouse
i just went trough the rules in the pdf file for the 6th time....

in the pdf is macd clearly above 0 ore clearly bellow 0 , does the color have any meaning? if not why we use the colored one and not the normal one ...
Just because I like clours

Peter
  • #678
  • Nov 21, 2011 2:53pm Nov 21, 2011 2:53pm
Quoting fratelli
to answer your first quistion.

If I got a signal for a trade and I took it, if I later got a new signal but was still in that trade, I did not backtest that second signal.
Because that dont make sense to me, if I allready in a trade I dont take a add on just because a new signal in same direction occur.

Hope it make sense

Peter
Yes, I realise that, and that is how I would trade it, but the reason I am going to do a backtest with all legitimate trades taken is because you might not necessarily be in that first trade for one reason or another, but you might go in the next, so a backtest needs to be done as mechanically as possible.

By the way, I did the same thing with Udine's system and found that taken overall, it was not a winning system unless you get your 20 pips for the day very early after Frankfurt open and stop for the day, or were very lucky with the trades you chose, which is the reason I don't trade it. However, I don't expect this to have the same outcome
  • #679
  • Edited 2:56pm Nov 21, 2011 2:55pm | Edited 2:56pm
Quoting fratelli
Just because I like clours

Peter
thank you.

can you please have a look at the indy and confirm if arrows are ok ore not?
ty
  • #680
  • Nov 21, 2011 2:58pm Nov 21, 2011 2:58pm
Quoting ohammond
Yes, I realise that, and that is how I would trade it, but the reason I am going to do a backtest with all legitimate trades taken is because you might not necessarily be in that first trade for one reason or another, but you might go in the next, so a backtest needs to be done as mechanically as possible.

i think that the best signals are the ones where ( a long example) u have 3, 4 bars bellow the ema 89 and the 5th breaks it and closes above ....
than again... im watching the system for only 3 hours... what i know
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