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Fratelli Intraday trading system

  • #1,801
  • Nov 27, 2011 10:12am Nov 27, 2011 10:12am
I want to thank Peter and everyone else for such a great job putting this all together.
  • #1,802
  • Nov 27, 2011 11:54am Nov 27, 2011 11:54am
Peter - great stuff.

Next time you do anything can we have option to change from white arrows to user defined. Thanks.
  • #1,803
  • Nov 27, 2011 12:09pm Nov 27, 2011 12:09pm
u can set them to different color or size, in the fratelli_main_v1 indicator on the colors tab its the bottom color #5 and #6
  • #1,804
  • Nov 27, 2011 12:29pm Nov 27, 2011 12:29pm
Thanks - I missed that DOH
  • #1,805
  • Nov 27, 2011 12:33pm Nov 27, 2011 12:33pm
Quoting fisheggs
Scaling out is exactly what I have been thinking about as the system is already at B/E or better by the time TP1 is hit, so why give up a few extra pips?

My stupid mind then starts asking me questions, like what if you hit TP1 and some of your position is scaled out and the trade goes back to B/E or better? Think of those lost pips you numb nut!

I then went back and re read trading in the zone and my latest tough read reading price charts bar by bar by Al Brooks and these guys advocate a similar approach backed by the fact that the odds are...
Once again.....it is NOT part of the system rules. What I hoped to achieve is to "plant a seed" and hopefully get some traders to take a critical look at the effect of proper trade managent and look for ways to gain a few extra pips out of a trade with the same risk.

If you take a simple spreadsheet and note the max positive pips and max negative pips/trade , you will soon get a picture regarding optimum stop size and what you can do grab a few extra pips per trade. You can use this same information to get a view on whether first entries (first signal when trend change) or re-entries run further.... maybe there is no pattern?

What is the average potential gain on all trades? First signal and re-entries?

You only have to do it for 4-6 weeks on a pair , maybe pick EU to get an idea.

Whatever you do as a trader on your own steam to improve your trading fortunes will have far more value in the end than just waiting for the " latest updates" to the system.
" Never let the past hold the future to ransom "
  • #1,806
  • Nov 27, 2011 12:38pm Nov 27, 2011 12:38pm
Quoting fisheggs
Scaling out is exactly what I have been thinking about as the system is already at B/E or better by the time TP1 is hit, so why give up a few extra pips?



This is not part of the system and i don't trade it it to a T, so apologies if this interferes with your thread Peter. I had to pop on after Gleneagles posted his thoughts and analysis to affirm that the space between my ears is not so empty after all :nerd:

Thanks for your insight Gleaneagles

Don`t be scared to use that space
" Never let the past hold the future to ransom "
  • #1,807
  • Nov 27, 2011 12:44pm Nov 27, 2011 12:44pm
Quoting smilee89
1. Thanks for the update.
2. Did Gleneagles backtest this system with any Expert Advisor or manually?
If you or Glen have a working EA I will be glad to help with Optimization I am specialized with.
I use a software program very similar to EA.
" Never let the past hold the future to ransom "
  • #1,808
  • Nov 27, 2011 12:47pm Nov 27, 2011 12:47pm
Quoting Gleneagles
Once again.....it is NOT part of the system rules. What I hoped to achieve is to "plant a seed" and hopefully get some traders to take a critical look at the effect of proper trade managent and look for ways to gain a few extra pips out of a trade with the same risk.

If you take a simple spreadsheet and note the max positive pips and max negative pips/trade , you will soon get a picture regarding optimum stop size and what you can do grab a few extra pips per trade. You can use this same information to get a view on whether first entries (first...

What you said is right (in general), but I think Peter already made this study, before setting his rules about SL/TP of the pairs to trade with his system...
That's why we are grateful to him for the great effort made..
Don't you think so?
  • #1,809
  • Nov 27, 2011 12:49pm Nov 27, 2011 12:49pm
Quoting MickyMouse
Very glad to see you here .

There have been no addons to the system that i am aware of . The indicators are the same as initially , only i hope that the last main indy , because it combines 3 indyes(3 loops) into 1 indy(1 loop) will be faster . working on offline charts does take a bit of cpu power , and unless you have a supercomputer, if you start testing 10 pairs at the same time , you will block you`re mt4 in no time .
About creating an EA for the system , it has allready been done by dragos , but be my guest to backtest it on 10 minutes...
Backtesting on 5M with adjusted indicators will give you a fairly accurate result as well.
" Never let the past hold the future to ransom "
  • #1,810
  • Nov 27, 2011 12:51pm Nov 27, 2011 12:51pm
hey guys dont worry im back hahahah
jk

sorry havent posted over weekend, had a toothache and i hate it, worst pain i can think of.

Im sorry to Peter or anyone for my lack of presence on skype for the help to 1.3, i do feel ashamed that i wasnt up to being a help in the latest update.
But those that were seem to have done a good job and im looking forward to the trading week ahead
  • #1,811
  • Edited 1:12pm Nov 27, 2011 1:00pm | Edited 1:12pm
Quoting Aztrader2
What you said is right (in general), but I think Peter already made this study, before setting his rules about SL/TP of the pairs to trade with his system...
That's why we are grateful to him for the great effort made..
Don't you think so?
Peter did a great job producing a profitable system and spend a lot of his time (with help from a few traders) backtesting and tweaking.

My question to you would be....it is fair to sit back and expect him to do ALL the hard work ?
" Never let the past hold the future to ransom "
  • #1,812
  • Nov 27, 2011 1:01pm Nov 27, 2011 1:01pm
thanx to Fratelli and brothers ...
a good work ....
  • #1,813
  • Nov 27, 2011 1:04pm Nov 27, 2011 1:04pm
Minor issue with the BB MACD -- I see plenty of cases (e.g. in EURJPY) where the value is less than 0.0005 and it's not yellow -- whereas some of the yellow values are 0.005 or more. Haven't dug through the code enough to see why.

I see a potential error in the BB_MACD code:
Inserted Code
   for(int i = 0; i < limit; i++)
       bbMacd[i] = iMA(NULL, 0, FastLen, 0, MODE_EMA, PRICE_CLOSE, i) - 
                   iMA(NULL, 0, SlowLen, 0, MODE_EMA, PRICE_CLOSE, i);
                   
         sslHup1[i] = iCustom(NULL,levdr,"",0, 3,i);                                 
         sslHdn1[i] = iCustom(NULL,levdr,"", 0, 4,i);
//----
   for(i = 0; i < limit; i++)
The sslHup1/sslHdn1 lines are not included in the first for loop -- there are no { }s so only the bbMacd line is in the for -- so they're using the value of i after the first for completes. So it's setting sslHup1/sslHdn1[limit]. Is that intended? (And what does it mean to call iCustom with an indicator of "" ??)

Could I request some comments in there? I'm still not sure what code sets the yellow dots...

Does the "FRATELLI" symbol at the end of the chart signify anything important? I loaded the template on 4 charts and only 1 of them shows the symbol.
  • #1,814
  • Nov 27, 2011 1:30pm Nov 27, 2011 1:30pm
Don't know about anyone else but I still have issues with the offline chart. Price showing incorrectly but perfect on normal m5 and H1 charts for the same pair.
  • #1,815
  • Nov 27, 2011 1:34pm Nov 27, 2011 1:34pm
Quoting garyfritz
Minor issue with the BB MACD -- I see plenty of cases (e.g. in EURJPY) where the value is less than 0.0005 and it's not yellow -- whereas some of the yellow values are 0.005 or more. Haven't dug through the code enough to see why.

I see a potential error in the BB_MACD code:
[code] for(int i = 0; i < limit; i++)
bbMacd[i] = iMA(NULL, 0, FastLen, 0, MODE_EMA, PRICE_CLOSE, i) -
iMA(NULL, 0, SlowLen, 0, MODE_EMA, PRICE_CLOSE, i);

sslHup1[i] = iCustom(NULL,levdr,"",0, 3,i);...
I wish I could give you an answer.

But I dont know what you talking about..

When it comes to coding I am very limited.

But I am sure that Micky will give you aanswer.
He is in Poland now but will return home shortly.

So please hang on, we will come back to you.

we have forward tested those indys last week, and we did not see any problems.

That does not mean, everything is fine we can missed something.

thanks

Peter
  • #1,816
  • Nov 27, 2011 1:36pm Nov 27, 2011 1:36pm
Quoting Gleneagles
Peter did a great job producing a profitable system and spend a lot of his time (with help from a few traders) backtesting and tweaking.

My question to you would be....it is fair to sit back and expect him to do ALL the hard work ?
Not at all of course (and I gave my very little help to him @the start of his thread).... But he already did the hard work....

Then experienced and skilled traders like you (extensive backtesting), Deankenny (indicators & forward live testing) & MickyMouse (indicators) helped him (and us all) to fine tune the system...

We can only thank you all for the good work & partecipate in exstensiv forward live testing... eventually pointing out some technical problem or discussing here some doubts wich could arise from real live trading......
What else...?
  • #1,817
  • Nov 27, 2011 1:38pm Nov 27, 2011 1:38pm
Quoting Gleneagles
Peter did a great job producing a profitable system and spend a lot of his time (with help from a few traders) backtesting and tweaking.

My question to you would be....it is fair to sit back and expect him to do ALL the hard work ?
Glen - greetings from Cape Town. This is the latest holy grail on FF so all the snoek are sniffing for sardines. Kudos to those who have done the leg work.
Cheers, Steve.
  • #1,818
  • Nov 27, 2011 1:49pm Nov 27, 2011 1:49pm
Quoting handy148
Don't know about anyone else but I still have issues with the offline chart. Price showing incorrectly but perfect on normal m5 and H1 charts for the same pair.

ad me to skype and download mikogo software.

Then I can better help you set it all up.

Because from what you descreibe, does really not bringing anything about what could be wrong.


Peter
  • #1,819
  • Nov 27, 2011 2:03pm Nov 27, 2011 2:03pm
Quoting Swg123
Glen - greetings from Cape Town. This is the latest holy grail on FF so all the snoek are sniffing for sardines. Kudos to those who have done the leg work.
Cheers, Steve.
Hi Steve,

I lived there (Cape Town) for a few years....beautiful place
" Never let the past hold the future to ransom "
  • #1,820
  • Nov 27, 2011 2:26pm Nov 27, 2011 2:26pm
Thanks Peter - what's your skype name ?

I've set up offline charts before when using constant range bars so I know how to do it. I just think there's something flaky in MT4 offline charting. It's a shame that the best results are on a non standard time frame.
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