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Fratelli Intraday trading system

  • #1,641
  • Nov 25, 2011 4:29am Nov 25, 2011 4:29am
Quoting netwatchpips
Yes dean PO=Pending order that's what i mentioned in my post l#1583. Refer below....

[color=Blue]Hi Peter/Dean,

I know you both are masters on this system. Just for reference to others new in the thread, can you confirm the below rules...

New Exit Rule:
For Long Trades – Exit when the candle colour changes from green to red on the candle close.

For Short Trades - Exit when the candle colour changes from red to green on the candle close.

[b][u]Pending Order Invalid (Not in PDF,i found on...
it does not need to be mentioned

if up arrow was last - only look for longs
if down arrow was last - only look for shorts
  • #1,642
  • Nov 25, 2011 4:29am Nov 25, 2011 4:29am
Quoting deankenny21
PO = pending order !!!

this is NOT an active trade
Agree, dean just said it all!

1) Cancel pending order when you see a reversal arrow. (its logical to understand, no point keeping the pending order when the reversal arrow has been printed)
2) Exit active order when you see bar color change. (reversal arrow not considered in this rule, most of the time i see reversal arrow printed before color change, i follow bar color change)
  • #1,643
  • Nov 25, 2011 4:37am Nov 25, 2011 4:37am
Quoting Blackeagle
Red arrows show short and long loser trades.
hello,
can you please confirm that all you`re settings are correct?

the first short you took my bars are all green .
Please check the settings on the candels indy , also on the arrows indy .
Also please tell me what broker you are using?

also try refreshing you're template in the case that all settings are correct and re post the chart
  • #1,644
  • Nov 25, 2011 4:39am Nov 25, 2011 4:39am
Quoting MickyMouse
hello,
can you please confirm that all you`re settings are correct?

the first short you took my bars are all green .
Please check the settings on the candels indy , also on the arrows indy .
Also please tell me what broker you are using?

also try refreshing you're template in the case that all settings are correct and re post the chart
i have exactly the same chart as eagles shows, and i have candles on 1.7
  • #1,645
  • Nov 25, 2011 4:44am Nov 25, 2011 4:44am
Quoting deankenny21
Same thing with DD, u dont need to mention it, the worse case scenario is -65 pips on all three pairs open trades. If you know your % vs risk vs balance then -65 pips shouldnt even bother you
-65 pips is for the single case scenario. I am more interested in knowing how many consecutive losses in a longer period. That's the DD i mean.
  • #1,646
  • Nov 25, 2011 4:46am Nov 25, 2011 4:46am
Quoting wilsonch
-65 pips is for the single case scenario. I am more interested in knowing how many consecutive losses in a longer period. That's the DD i mean.
ah i see, the DD on equity curve you mean.

Well this is why we are forward testing to find out
  • #1,647
  • Nov 25, 2011 4:57am Nov 25, 2011 4:57am
Quoting Gleneagles
...

If your target is 20 pips/day...great stuff.

If you can achieve 30 pips/day with a better hitrate , less losers, same risk, why not? I would take 50% increase in my monthly earnings any day for the same risk or less
Agree with this, if you get your 20 or 30 pips early during the day, then no need to trade rest of the day. This is how I am doing. But if your first few trades are resulted in loss, then you should take all subsequent trades to reach your daily target. If this is the case, there are two issues to consider when trading this system:

1- You should be glued to the screen until you reach your target. If you are living in a favourable trading zone like Europe, this may not be a problem though for a full-time trader.

2- Since this is a scalping strategy, as RR is close to 1:1, win ratio becomes important for consistency. If we can reach 60% or above win ratio day in day out, then we can reach our 20-30 pips daily target easily.

I wrote previously that overtrading is not good for scalping strategies as it is really difficult to be on the right side of the market (win ratio). So consistent winning ratio above 60% is a must for this system to be profitable, IMHO.
  • #1,648
  • Nov 25, 2011 5:03am Nov 25, 2011 5:03am
Quoting MickyMouse
hello,
can you please confirm that all you`re settings are correct?

the first short you took my bars are all green .
Please check the settings on the candels indy , also on the arrows indy .
Also please tell me what broker you are using?

also try refreshing you're template in the case that all settings are correct and re post the chart
Everything checked and I have no problem. Chart is from IBFX demo account. Normally I wouldn't trade before Frankfurt opens, but after yesterday's discussion between Dean and someone I don't remember (sorry for that), I am forward testing from 5.50 GMT onward.

So there are two losses in a row on AUDUSD early today. And also a third one (full loss) with 8:50 GMT bar being the signal bar. Seems not a good day for AUDUSD.

Regards,
Blackeagle
  • #1,649
  • Nov 25, 2011 5:21am Nov 25, 2011 5:21am
there seems that price feed can be a real difference...

my alpari nz price feed, made that bars green ... while i just tryed an alpari uk pricefeed, which makes all bars red


is anybody else here using alpari nz?
  • #1,650
  • Nov 25, 2011 5:22am Nov 25, 2011 5:22am
Is anyone still getting white arrows appearing on mass after having chart open a while, then re-dropping template on to make some of them dissappear anyone got a fix?
  • #1,651
  • Nov 25, 2011 5:25am Nov 25, 2011 5:25am
Quoting Peteday
Is anyone still getting white arrows appearing on mass after having chart open a while, then re-dropping template on to make some of them dissappear anyone got a fix?
those extra arrows are not caused by the indicators, but rather by the offline chart ...

try putting the template on an online 15 mins chart , and that mass off arrows will never apear...
will try to find a fix for it but no promises on that one
  • #1,652
  • Nov 25, 2011 5:41am Nov 25, 2011 5:41am
Quoting Blackeagle
Agree with this, if you get your 20 or 30 pips early during the day, then no need to trade rest of the day. This is how I am doing. But if your first few trades are resulted in loss, then you should take all subsequent trades to reach your daily target. If this is the case, there are two issues to consider when trading this system:

1- You should be glued to the screen until you reach your target. If you are living in a favourable trading zone like Europe, this may not be a problem though for a full-time trader.

2- Since this is a scalping strategy,...
I agree with the points raised. The best trades for me is when the trend turns over and the entry is close to LDN or FF open. Normally this is the peak trading activity and the trends for the session or the day would start. I am not not keen jumping in and out of the trend myself (or re-entries) because it is a higher risk trade imo.



You will probably find your hitrate is a lot higher if you trade that way. Fratelli does have a lot of re-entries , it would be interesting to look at the hitrate of those over a period of time.

It is early days and so far it is looking good, some small changes could probably add value but at least the basics are in place.
" Never let the past hold the future to ransom "
  • #1,653
  • Nov 25, 2011 5:53am Nov 25, 2011 5:53am
i look at re entrys,today no on euro-usd, and e-jpy.
aud-usd many more.

Quoting Gleneagles
I agree with the points raised. The best trades for me is when the trend turns over and the entry is close to LDN or FF open. Normally this is the peak trading activity and the trends for the session or the day would start. I am not not keen jumping in and out of the trend myself (or re-entries) because it is a higher risk trade imo.



You will probably find your hitrate is a lot higher if you trade that way. Fratelli does have a lot of re-entries , it would be interesting to look at the hitrate of those over a period of time.

It is early days...
  • #1,654
  • Nov 25, 2011 5:57am Nov 25, 2011 5:57am
Quoting stevebalmmer
i look at re entrys,today no on euro-usd, and e-jpy.
aud-usd many more.
Just stick to the rules in order to forward test the system properly.

It makes it a lot easier to get a proper feel for the system and to have a reliable test
" Never let the past hold the future to ransom "
  • #1,655
  • Nov 25, 2011 6:51am Nov 25, 2011 6:51am
I am now back in Denmark
and sitting in my tradinglab

I have started some backtesting

my main focus for this backtesting is 2 things.

1 trading time start and end off the day

2. reentrys

If some off you have something you want me to look for please post here.

we have also this week been working on the indicators.

And I can tell you its really awesome.
Micky have made a fratelli main indy for the system with a lot build in.

The best part from it that i save around 67% off your computer power.
So now its my hope that everybodys computer run fast with this strategy.

More to come.

Pter
  • #1,656
  • Nov 25, 2011 6:55am Nov 25, 2011 6:55am
Peter - a request please. Can we have an option to turn off the EMA cross pop-up window.

Also MickeyMouse is correct in that the M10 offline chart causes some problems which you don't have if you use say an M15 normal chart.
  • #1,657
  • Nov 25, 2011 6:58am Nov 25, 2011 6:58am
Ok thanks Mike.
  • #1,658
  • Nov 25, 2011 6:59am Nov 25, 2011 6:59am
Quoting handy148
Peter - a request please. Can we have an option to turn off the EMA cross pop-up window.

Also MickeyMouse is correct in that the M10 offline chart causes some problems which you don't have if you use say an M15 normal chart.
from my forward testing yes ... i have never had those multi arrows on online charts, but i am having them from time to time on the offline chart....
I am not sure that the offline chart is causing it , but at the time being, it is the only plausible explanation i can come up with ...
Nevertheless i am still looking in`to it and will try a fix , somewhere in a future release . At the time being the most important things are (for me) speed and backtesting/forwardtesting the system itself
  • #1,659
  • Nov 25, 2011 7:02am Nov 25, 2011 7:02am
Quoting fratelli
...

If some off you have something you want me to look for please post here.

...

Pter
Someone mentioned that it might be a better filter to enter by using high and lows instead of closes. I am sure you have backtested this before coming up with close but I just wanted to ask if you have backtested this with high and lows.

Thanks,
Blackeagle
  • #1,660
  • Nov 25, 2011 7:02am Nov 25, 2011 7:02am
Quoting handy148
Peter - a request please. Can we have an option to turn off the EMA cross pop-up window.

Also MickeyMouse is correct in that the M10 offline chart causes some problems which you don't have if you use say an M15 normal chart.

Hi

I think you can set alert to false then it willnot pop up.

Regarding the 10 mins chart vs 15 mins chart

With the new indy we save a lot off power, so this system will stay on 10 mins timeframe.

If you want trade from 15 mins its fine for me.

but then you needs to backtest to find the best settings.

Peter
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