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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

Attachments: Invictus
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Invictus

  • #2,121
  • Nov 24, 2011 7:20am Nov 24, 2011 7:20am
Quoting eTrader
Invictus EURUSD Date 24/11/2011
Reason:
4:00am EUR
German Ifo Business Climate
Actual 106.6 Forecast 105.3 Previous 106.4
hello sir..can you share this indicator...

http://my.jetscreenshot.com/6252/m_2...-abn6-47kb.jpg

i just have indicator from udine only...
  • #2,122
  • Nov 24, 2011 7:46am Nov 24, 2011 7:46am
Quoting Mr_H
hello sir..can you share this indicator...



i just have indicator from udine only...
Helllo
The requested indicator:


Greetings,
eTrader,
Attached File(s)
File Type: mq4 INVICTUS_MTF.mq4   4 KB | 807 downloads
  • #2,123
  • Nov 24, 2011 7:57am Nov 24, 2011 7:57am
Quoting kolesar007
@Fosters: If you read the thread you will know that was attached I think 3 times .

@mgokhank: You can use my last script that place stop order for you and you you do not need to wait and watch the price . You can also asign key to that script.
Thank you very much, bro.
  • #2,124
  • Nov 24, 2011 9:19am Nov 24, 2011 9:19am
Quoting ubp
Why?
I don't know why, but I lose 20 pips
  • #2,125
  • Nov 24, 2011 9:35am Nov 24, 2011 9:35am
Today + 18 pip on AUDUSD, no TP.
My advice for Trade:
1. not to trade not only about the pivot, but 10-15 points thereafter.
2. Do not sell a new candle, on which you want to enter into a transaction, will be open around the fractal

sorry for my english - Google translate
  • #2,126
  • Nov 24, 2011 12:45pm Nov 24, 2011 12:45pm
Quoting eTrader
Helllo
The requested indicator:


Greetings,
eTrader,
thanks sir...thanks you very much...
  • #2,127
  • Nov 24, 2011 4:47pm Nov 24, 2011 4:47pm
I think it is very good, after the signal candle is formed, to wait for the entry candle to go beyond the wick of the signal candle( 3 pips above/below that point).
If the price has enough momentum to go past that point it will "surely" hit the TP.
  • #2,128
  • Nov 25, 2011 2:34am Nov 25, 2011 2:34am
Please is any one trading this system on 4hours Timeframe,
OR can anyone give me a tweek to trade this system on 4hr timeframe.
  • #2,129
  • Nov 25, 2011 2:59am Nov 25, 2011 2:59am
EU short - wow, that was a nice move... note the volume! Because of that I had two sell sops, one closed +10pips (TP) and second +23pips (TS 5pips). Hope you caught it too (its still falling!)!
Cheers!

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-25_001.jpg Size: 83 KB
  • #2,130
  • Edited 4:53am Nov 25, 2011 3:25am | Edited 4:53am
Invictus EURUSD Trade No1/No2 Date 25/11/2011
Bearish Engulfing Candlestick Pattern on higher timeframe H1

Note: there were two false signals earlier !

eTrader,
Attached Images
  • #2,131
  • Nov 25, 2011 9:25am Nov 25, 2011 9:25am
hey udine!


31 people got margin call !!! sounds very interesting!!!
  • #2,132
  • Edited 10:22am Nov 25, 2011 10:05am | Edited 10:22am
Quoting only1kader
hey udine!


31 people got margin call !!! sounds very interesting!!!


Looks like this threads breaks four (4) records in less than 3 weeks of its life span.

1st record -- In less than a week, this thread got so much attention and it zoomed to 100+ pages in a few days. Everybody got so exited dreaming his/her next BMW and a new beach house because of the author telling them it has a 90+% win rate, and will become a zillionaire in a year, etc.

2nd record -- In less than a week, the rating of this thread got to 5 stars. That is unbelievable. So many wantabees in here dreaming to be the next Millionaire without even trying to study and understand the market. If it is this simple, who wants to go to college and study years of their field before finding a real job.

3rd record -- In the third week, everybody found out that the 90+% win rate is total BS. It is only a mere 50% coin toss strategy. Plus the fact that with such a bad R:R, it will take your account to the margin call in no time. So there are more than 30 people voted the margin call on the top of the page. ALso, it just took two weeks time, it rating came down from 5 stars to 4 stars. And soon it will be 3 stars.

4th record -- From average 200+ posts a day in the first week to almost a dead thread. Yep, it is a slow week, but again, nobody seemed to have any interests on this coin-tossing strategy any more. There is another thread which compares two system's real-live trading results, and this system, hands down, lost the competition big time. In just less than a couple of weeks, the author of the competition thread already consider to not waste any time on testing this strategy any longer. Several contributors also agreed to not continue the testing of this system.

Finally, a very well-written EA also has been written for this system, and the author of the EA followed the rules as strictly as possible and he declared that he gave up the EA the first day he posted his EA publicly even with several rounds of optimization during back-test; because he thinks this system is just another coin-tossing system with no edges or advantages in a ranging market or a trending market. Plus with a BAD R:R, it will kill your account in no time.

Wow.. All these 4 records are accomplished in less than 3 weeks time. Amazing. Thanks.


EDIT: Forgot to mention that the reason people got so frustrated with this system is that the author kept changing the rules of the system to back fit the hindsight trade signals.

If the hindsight signal was a good one, then no rules would apply to lunch break, coffee break, or Pivot or news announcement, as long as it makes pips.

If the hindsight signal was a bad signal, then all the lunch break, coffee break, Pivor, S/R, News announcement would all apply, so there would be no trade and will never have a losing trade. Very fishy, and people's honesty is in big questions here. Think about it.
  • #2,133
  • Nov 25, 2011 10:06am Nov 25, 2011 10:06am
hen i first visited this thread, i was so happy till i saw how the inviictus indi repainted, tried to filter it but still nothing. wat d way forward with forex
  • #2,134
  • Nov 25, 2011 11:02am Nov 25, 2011 11:02am
Hi everyone !

Would anyone from our fellow coders include an adjustable "sl to be" function in the Invictus EA (attached) ? I would find it very helpful to protect hard earned pips :-)

The other useful thing would be a "non loss buffor".

Thanks in advance for your help !
Attached File(s)
File Type: mq4 INVICTUS.mq4   3 KB | 534 downloads
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #2,135
  • Nov 25, 2011 11:13am Nov 25, 2011 11:13am
Quoting precisiontra
looks like this threads breaks four (4) records in less than 3 weeks of its life span.

1st record -- in less than a week, this thread got so much attention and it zoomed to 100+ pages in a few days. Everybody got so exited dreaming his/her next bmw and a new beach house because of the author telling them it has a 90+% win rate, and will become a zillionaire in a year, etc.

2nd record -- in less than a week, the rating of this thread got to 5 stars. That is unbelievable. So many wantabees in here dreaming to be the next millionaire without...
but there was profitable trades on eur/usd today, are you sure about ur claims on margin call. I am only taking trades on demo 4 now, but i find this system great. All systems has a bad time too

udine we are waiting for ur comment.
  • #2,136
  • Nov 25, 2011 11:24am Nov 25, 2011 11:24am
Quoting endy231
but there was profitable trades on eur/usd today, are you sure about ur claims on margin call. I am only taking trades on demo 4 now, but i find this system great. All systems has a bad time too

udine we are waiting for ur comment.


I never tested this system. It is wasted of my time. My comments are all from the observation of the member posts and the real-time test results from the other competition thread.

That competition thread gave a honest real-time test, and followed the rules as exactly as stated on page one, without changing rules on the fly, and I trust the honesty of the author of the competition thread. You can take a look at that thread for the test results which indicated a less than 50% win rate with 0.5 R:R, you do the math, how long it will empty your account.

Take a look at the top of the page. There are 31 people voted "margin call". I actually voted for "trying another system". If there are 31 people voted for "margin Call", and I don't think they were lying.

You can vote too.
  • #2,137
  • Nov 25, 2011 11:58am Nov 25, 2011 11:58am
You never tested the system and you're making posts like this?

The fact are that some systems work, some don't. Some systems suit a trader, most don't. All systems fail to work some of the time. Money management, trading psychology and a good general understanding of trading are many, many times more important than any system.

I'm not trading this system live, but I have the template set up on my screen because the indicators give me a nice overview of what's happening with the market. They help me see the bigger picture and that has improved the system that I do trade live.

What I have seen all week are endless Invictus signals on EURUSD and AUDUSD which would have been winners...when a bit of common sense is applied. For instance, on Wednesday, maybe it wouldn't have been sensible to take long trades! LOL

I've spent all week saying to myself, "damn, should have taken that signal".

The other thing I noticed is that the signal arrows gave me a nice warning of a directional change. I made a couple of small trades with my other system because the signal bars popped up and I started taking notice of price.

Assuming you do have a good understanding of trading and want to participate in the thread, I'd suggest going back and testing this in demo on a couple of pairs from 8-11 GMT and 13-16 GMT and see how you get on. It's an easy system to test as you can just run it on a chart with little intervention and look back at the trades later. Post your trades and show us the results - or just bugger off and find another system - there's no shortage of them in here!

PB


Quoting precisiontra
I never tested this system. It is wasted of my time. My comments are all from the observation of the member posts and the real-time test results from the other competition thread.

That competition thread gave a honest real-time test, and followed the rules as exactly as stated on page one, without changing rules on the fly, and I trust the honesty of the author of the competition thread. You can take a look at that thread for the test results which indicated a less than 50% win rate with 0.5 R:R, you do the math, how long it will empty...
  • #2,138
  • Nov 25, 2011 12:08pm Nov 25, 2011 12:08pm
Quoting pixelboy
You never tested the system and you're making posts like this?

The fact are that some systems work, some don't. Some systems suit a trader, most don't. All systems fail to work some of the time. Money management, trading psychology and a good general understanding of trading are many, many times more important than any system.

I'm not trading this system live, but I have the template set up on my screen because the indicators give me a nice overview of what's happening with the market. They help me see the bigger picture and that has improved...


I did not test the system, because I traded several similar MTF systems that I designed which were much better than this one.

As I mentioned again and again, my comments are purely based on people's posts on this thread and the other competition threads. Also, I trust the honesty of the author of the competition thread. Please take some time to take a look at the test results of that thread. That's the one I based upon and the results showed a less than 50% win rate and a 0.5 R:R, and the loss is mounting every-day. The results were exactly as I predicted after years developing MTF strategies and writing many MTF EAs that works.

I am not trying to attack anybody, just trying to warn people, do not waste your time on a coin-tossing strategy, also most of all, do not trade live with your money on this system. Now, I got that proof from a very honesty tester /author of the competition thread. I urge everybody to take a look at that thread. A very fair comparison of two similar systems with real-time signal calls, not hindsight, not even one. That is honest. All real-time trades no matter win or loss without bias.
  • #2,139
  • Nov 25, 2011 12:16pm Nov 25, 2011 12:16pm
Where is this competition thread? Can you post a link?

I'm asking because if the 'competition' is being run by someone who can't trade, then in my book it's pointless. For instance if they don't understand chart patterns, supply and demand levels, how to read price action etc. they won't be able to make any system work properly for them. Are they TRADING or just trying mechanical indicator signals?

For instance did they take into account the big down trend on Wednesday and the predictable reversal on Thursday or did they trade blindly?

PB


Quoting precisiontra
I did not test the system, because I traded several similar MTF systems that I designed which were much better than this one.

As I mentioned again and again, my comments are purely based on people's posts on this thread and the other competition threads. Also, I trust the honesty of the author of the competition thread. Please take some time to take a look at the test results of that thread. That's the one I based upon and the results showed a less than 50% win rate and a 0.5 R:R, and the loss is mounting every-day. The results were exactly...
  • #2,140
  • Edited 12:35pm Nov 25, 2011 12:24pm | Edited 12:35pm
Quoting precisiontra
I did not test the system, because I traded several similar MTF systems that I designed which were much better than this one.

As I mentioned again and again, my comments are purely based on people's posts on this thread and the other competition threads. Also, I trust the honesty of the author of the competition thread. Please take some time to take a look at the test results of that thread. That's the one I based upon and the results showed a less than 50% win rate and a 0.5 R:R, and the loss is mounting every-day. The results were exactly...
I am pretty sure what competition thread you are talking about...which is not a true "fair" test since this is Udines mods which works for HIM to 1 of the 2 VERY PROFITABLE systems i have started threads for.
Dont you think its just a bit funny how he picked this mod of the FREEBIE NEWBIE SYSTEM and not the system i posted. I can tell you he did it because i banned him from chat and put him on ignore. He thinks he is hot sh*t but "HIS SYSTEM" stopped working for him he did just what any NEWBIE DOES...went looking for a new system instead of controlling his risk and DD till the market picked back up for the system to start turning profits again.

4 Reasons why he did not pick the REAL SYSTEM:
1) Uses REAL MONEY MANAGEMENT
2) Trades with the TREND
3) Has a winning trade ratio > 50%
4) Has a good Risk/Reward Ratio

Everyone one here wants some "Holy Grail" system...Its never going to happen. Just have the 4 things listed above and that is as close as you will ever get!

P.S. This is not to knock the other system he tested it against. But to inform the misguided members that never took the time to READ the #1 post or whole thread like many never do when they want to learn a system that is posted.
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