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  • #1,461
  • Nov 24, 2011 4:00am Nov 24, 2011 4:00am
Quoting Chicopips
Not to be argumentative, but we had at least 1 reversal signal since then, notice the white arrow on the bar before the up arrow. I think this is a valid trade, according to the write up in the PDF. There is no mention of checking for any past signals that could still be valid. If this is to be part of the system, then it needs to get added. Its kinda pointless when you have 2 fresher signals.
there was no SELL signal at any point, so that is wrong on your part.

If you have read the thread you will see Peters comments on fresh signals
He backtested and said if a new signal come up and he was still in a trade on that pair, then he wouldnt ake the new trade, i will search it up and quote it accordingly give me 5 mins
  • #1,462
  • Nov 24, 2011 4:04am Nov 24, 2011 4:04am
here you go CHOCOPIPS

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
  • #1,463
  • Nov 24, 2011 4:07am Nov 24, 2011 4:07am
Quoting Chicopips
Not to be argumentative, but we had at least 1 reversal signal since then, notice the white arrow on the bar before the up arrow. I think this is a valid trade, according to the write up in the PDF. There is no mention of checking for any past signals that could still be valid. If this is to be part of the system, then it needs to get added. Its kinda pointless when you have 2 fresher signals.
It wasn't a valid signal as the one from 07:00 GMT signal bar was still open (if there is an open trade, successive reentry signals should be ignored as discussed previously by thread owner - no adding on). Down arrow is not an exit signal and this trade was exited at +20 during 09:10 GMT bar.
  • #1,464
  • Nov 24, 2011 4:10am Nov 24, 2011 4:10am
Quoting deankenny21
here you go CHOCOPIPS
Ah but see, here is where you go wrong, I found some flaws with the previous signal

1. During Asian only session (Primary Flaw)
2. MACD didnt flip, nor ma cross for quite some time.

This, I didnt take the trade. The key part of Peter's response was that he wouldnt take a trade after already taking the trade.

The previous trade is clearly in the grey area not defined by the system. The trade I did take is clearly one that is valid as defined by the PDF.

Does it match with yours? No, thats the point of a grey area. I do not consider a buy signal with the cross originating in the asian session as a clear buy. Im glad you got some pips, but to classify taking the second trade as a mistake disagrees with the system as designed.

I think in the long run you will lose money taking signals originating in one of the lowest volume periods of the trading day.

Anyway, we can disagree, but since I was not in the earlier trade, the trade I took was valid, even with Peter's comment.
  • #1,465
  • Nov 24, 2011 4:13am Nov 24, 2011 4:13am
Quoting Chicopips
Ah but see, here is where you go wrong, I found some flaws with the previous signal

1. During Asian only session (Primary Flaw)
2. MACD didnt flip, nor ma cross for quite some time.

This, I didnt take the trade. The key part of Peter's response was that he wouldnt take a trade after already taking the trade.

The previous trade is clearly in the grey area not defined by the system. The trade I did take is clearly one that is valid as defined by the PDF.

Does it match with yours? No, thats the point of a grey area. I do not consider a buy...
the trade i took was nowhere near Asian session, was well into London and Frankfurt
  • #1,466
  • Nov 24, 2011 4:15am Nov 24, 2011 4:15am
Quoting Chicopips
Ah but see, here is where you go wrong, I found some flaws with the previous signal

1. During Asian only session (Primary Flaw)
2. MACD didnt flip, nor ma cross for quite some time.

This, I didnt take the trade. The key part of Peter's response was that he wouldnt take a trade after already taking the trade.

The previous trade is clearly in the grey area not defined by the system. The trade I did take is clearly one that is valid as defined by the PDF.

Does it match with yours? No, thats the point of a grey area. I do not consider...
The arrow was in Asian session, but all three conditions were met after Frankfurt open at the close of 7:00 GMT candle. So you are wrong.
  • #1,467
  • Nov 24, 2011 4:19am Nov 24, 2011 4:19am
Quoting Blackeagle
The arrow was in Asian session, but all three conditions were met after Frankfurt open at the close of 7:00 GMT candle. So you are wrong.
this is correct, if all lined up in asian session than no trade, but everysignal was met well into london
  • #1,468
  • Nov 24, 2011 4:20am Nov 24, 2011 4:20am
Quoting deankenny21
the trade i took was nowhere near Asian session, was well into London and Frankfurt
The Frankfurt open is the bar that crossed the MA, at least on my chart. Your trade filled sometime between then and early London open. The Arrow was from well back in the asian session.

I understand your point, I just am not sure I agree on taking the 1st trade. Both trades were not losers, so no harm done.

Since my AU trade did not get stopped out (barely) I did not re-enter that trade on the fresh signal, so there I traded the same pattern as your EJ. That trade ended happily at +20.

Overall still positive pips through now, so I will not complain.

As far as the rules, some clarification on how Peter back tested times when the signal arrows begin before the proper trading session could help clarify this situation.
  • #1,469
  • Nov 24, 2011 4:23am Nov 24, 2011 4:23am
Quoting Chicopips
The Frankfurt open is the bar that crossed the MA, at least on my chart. Your trade filled sometime between then and early London open. The Arrow was from well back in the asian session.

I understand your point, I just am not sure I agree on taking the 1st trade. Both trades were not losers, so no harm done.

Since my AU trade did not get stopped out (barely) I did not re-enter that trade on the fresh signal, so there I traded the same pattern as your EJ. That trade ended happily at +20.

Overall still positive pips through now, so I will...
also i dont take notice of the grey and dark grey, as we all have different brokers so will all be wrong anyway, infact all signals came after the start time in pdf

first signal was the up arrow which came at 6:10 GMT
the pdf says to start ar 5:50 GMT

so in actual fact, even the arrow came within the required parameter
  • #1,470
  • Nov 24, 2011 4:35am Nov 24, 2011 4:35am
Quoting deankenny21
also i dont take notice of the grey and dark grey, as we all have different brokers so will all be wrong anyway, infact all signals came after the start time in pdf

first signal was the up arrow which came at 6:10 GMT
the pdf says to start ar 5:50 GMT

so in actual fact, even the arrow came within the required parameter
Thats the setting for a parameter. Technically the PDF does not say when to trade. I was my trading times on the Frankfurt open as discussed in the thread. However, based on that parameter, I think it likely Peter backtested as you traded, unless he says differently, thus it was the proper way to trade according to the system.

BTW the best trading time should be added to the PDF so people dont start doing trade at 6:20 GMT before Europe opens, unless that's the way Peter wants this tested.
  • #1,471
  • Nov 24, 2011 4:37am Nov 24, 2011 4:37am
Quoting Chicopips
Thats the setting for a parameter. Technically the PDF does not say when to trade. I was my trading times on the Frankfurt open as discussed in the thread. However, based on that parameter, I think it likely Peter backtested as you traded, unless he says differently, thus it was the proper way to trade according to the system.

BTW the best trading time should be added to the PDF so people dont start doing trade at 6:20 GMT before Europe opens, unless that's the way Peter wants this tested.
the parameter cant be set for you, because we have different brokers, you must set the parameters yourself, or just use common sense like me and look at the computer clock lol.
Im sure peter has it set correctly to the correct real life times.
But forward testing u can simply just look at a clock and know what the time is.
  • #1,472
  • Nov 24, 2011 4:40am Nov 24, 2011 4:40am
Quoting deankenny21
the parameter cant be set for you, because we have different brokers, you must set the parameters yourself, or just use common sense like me and look at the computer clock lol.
Im sure peter has it set correctly to the correct real life times.
But forward testing u can simply just look at a clock and know what the time is.
Actually I just ignored the colors, I know quite well when Frankfurt opens, its about the time my kid gets home from school and makes trading a challenge.

I meant as a general strategy, add appropriate trading times to the PDF, to specify that trading during the Asian session is not Author recommended.
  • #1,473
  • Nov 24, 2011 4:41am Nov 24, 2011 4:41am
Quoting Chicopips
Actually I just ignored the colors, I know quite well when Frankfurt opens, its about the time my kid gets home from school and makes trading a challenge.

I meant as a general strategy, add appropriate trading times to the PDF, to specify that trading during the Asian session is not Author recommended.
it does have the trading times recomended in there

the worktime, is basically the trading times.
  • #1,474
  • Nov 24, 2011 4:49am Nov 24, 2011 4:49am
StopLoss is for none belivers... Trust the Gurus..
  • #1,475
  • Nov 24, 2011 4:50am Nov 24, 2011 4:50am
Quoting deankenny21
it does have the trading times recomended in there

the worktime, is basically the trading times.
Fine, then if a losing trade occurs between 6:00 and 7:00 GMT I will expect you to have taken it and it occur in your results. No "It was before Frankfurt so I skipped it". As long as your consistent I do not care.
  • #1,476
  • Nov 24, 2011 4:51am Nov 24, 2011 4:51am
Quoting Chicopips
Fine, then if a losing trade occurs between 6:00 and 7:00 GMT I will expect you to have taken it and it occur in your results. No "It was before Frankfurt so I skipped it". As long as your consistent I do not care.
of course, 6-7gmt is within times, so if trade is ther i will take it
  • #1,477
  • Nov 24, 2011 5:25am Nov 24, 2011 5:25am
Solution must be found for consolidation periods for this system, otherwise the mindless fx mkt will kiill many accounts.
  • #1,478
  • Nov 24, 2011 5:27am Nov 24, 2011 5:27am
Quoting Sorento
Solution must be found for consolidation periods for this system, otherwise the mindless fx mkt will kiill many accounts.
like stressed just take signal as per rules, backtesting would of obviously had alot of consolidation periods too, but it breaks at some point like yeterday we were all in sells and bang, it broke downwards

other times may go up, but backtests show that the ratio of the settings is in our favour in the long run
  • #1,479
  • Nov 24, 2011 5:40am Nov 24, 2011 5:40am
Quoting dragosd1
Partially agree, you thinking at this one?

All Averages Ma_Method possibilities:
// List of MAs:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - Least Square Moving Average (or EPMA, Linear Regression Line)
// MA_Method=...
no not that one,

this one http://www.scientific-trading.com/downloads.php

I have it decompiled aswell if you want to incorporate it into the ea.
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  • #1,480
  • Nov 24, 2011 5:41am Nov 24, 2011 5:41am
Quoting deankenny21
like stressed just take signal as per rules, backtesting would of obviously had alot of consolidation periods too, but it breaks at some point like yeterday we were all in sells and bang, it broke downwards

other times may go up, but backtests show that the ratio of the settings is in our favour in the long run
Perhaps Udines fast in fast out makes sense for the ranging times. with your new tweak the signals come almost at the same time and invictus will jump in in and jump out fast without being burnt
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