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  • #2,361
  • Nov 29, 2011 11:56pm Nov 29, 2011 11:56pm
Quoting Blackeagle
Totally agree. And I checked Supertrend levels on M10 chart again and they all stayed the same bar after bar. I respect FxIgor's experience and opinions and the indi may be repainting in terms of computer terminology but it is not repainting in terms of my trading purpose. The repainting issue FxIgor talks about may affect backtesting but it has no effect at all on my forward testing purpose.

So, I suggest everyone, newcomers or the ones who have been following this thread for some time, do not waste your time with backtesting, repainting, changing...
Thanks and I agree.

I have also found something that if Micky cant figure it out can help.
But could you please PM me or Micky with your ideas.

and for all ohters, if you been here for some days forward trading this system.
I will just go on with that, if you happy with the pips.

Peter
  • #2,362
  • Nov 29, 2011 11:58pm Nov 29, 2011 11:58pm
Quoting kenfen69
Yeah...I don't think anyone should get overly discouraged here...I really don't think the SuperTrend is acting like some kind of "grail" that will make or break the system.


Running on the M10 chart, as the system is designed to be run...and where changing TF's is not even an option...I haven't seen any repainting at all. I'm sure there was some going on before Micky "locked" it, but...those M10 charts are where all of the successful FORWARD tests...and PIPS are coming from.

However...I had two immediate indicators/solutions in mind (after...
thanks for your efforts. could you please sent those ideas to Micky, so we can have eething in mind.

Peter
  • #2,363
  • Nov 30, 2011 12:30am Nov 30, 2011 12:30am
I am very impressed by your system . Is there a way to apply it into other software besides MT . If there is would you share the settings ?
Thanks
  • #2,364
  • Nov 30, 2011 12:51am Nov 30, 2011 12:51am
wanted to share this.
just put this system on live 30 mins back in AUDUSD 10M chart. scored 19 pips.
  • #2,365
  • Nov 30, 2011 1:10am Nov 30, 2011 1:10am
Hi all and Peter,

congratulations Peter for that job and for sharing.

after 2 days reading and trying to understand , my first trade with this system and +25pips on gbpusd.

I think for newcommers and may be all subscribers, a little summary of the rules and new ideas/bugs would be interesting ( or may be the PDF from version 1.3 is still OK ? )

Thanks

Philippe
  • #2,366
  • Nov 30, 2011 1:18am Nov 30, 2011 1:18am
Quoting fxmate
wanted to share this.
just put this system on live 30 mins back in AUDUSD 10M chart. scored 19 pips.

is that something you have backtesked and what is your R:R with that timeframe

Peter
  • #2,367
  • Nov 30, 2011 1:20am Nov 30, 2011 1:20am
Guys,

i downloaded latest files from 1st page, look what i got, mean excessive lines
Any idea whats the problem?
Attached Image (click to enlarge)
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  • #2,368
  • Nov 30, 2011 1:23am Nov 30, 2011 1:23am
Quoting fratelli
is that something you have backtesked and what is your R:R with that timeframe

Peter
I think he meant he put it on 30 minutes ago, not the 30m TF.
  • #2,369
  • Nov 30, 2011 1:25am Nov 30, 2011 1:25am
Quoting ohammond
I think he meant he put it on 30 minutes ago, not the 30m TF.
Yah could be.


Maybee I misunderstood.

Peter
  • #2,370
  • Nov 30, 2011 1:43am Nov 30, 2011 1:43am
As I can see, I raised a hornet's nest posting those images yesterday (repainting candles).... Almost nobody slept tonight.....
I just wanted to point out something I saw, helping us to better understand & fine tune the system.
I'm sure it won't affect our real forwrd testing & that eventually we have some very skilled people here who will solve this issue....

Thanks to Igor, who immediately understood the core of the problem & to Micky who is working hard to solve all technical issue.

I repeat again: (IMHO) what we essentially need (in this system) is a candle closing above (below) 89 ema, accordingly with a cross of 2 faster ema's and MACD...
Are we sure supertrend candles are so useful for us? Can we use something else instead of it (Heiken Hashi, Ma bars, Trend bars & so on...)? Or can we do without all those strange kind of candles.

I suggest someone who is able to do (I'm thinking about Gleneagles who has the proper software to do it.... ), to backtest the system with normal (or HA etc...) candles, to see if the outcome is similar to Peter's initial backtest.

I'm sure we'll clarify the question without affecting the profitability of "our" system.

I won't trade today, but I wish to you all many, many, GREEN PIPS!

Azad
  • #2,371
  • Nov 30, 2011 2:00am Nov 30, 2011 2:00am
Quoting fxloka
Guys,

i downloaded latest files from 1st page, look what i got, mean excessive lines
Any idea whats the problem?
I install new template too and have same problems.
  • #2,372
  • Nov 30, 2011 2:01am Nov 30, 2011 2:01am
Quoting FXiGoR
Thats what I explained to Mickey on skype that all of the backtests are completaly worthless and can be considered as NO proof or evidence that this system is proftable but I said also that I don't want to mingle myself in this debate. Because people will think that I want to spoil there X-mass party...( I have experienced this already sooo many times over the years on other forums)...

FXiGoR
ok, i hope people realise, that the whole repainting issue was only raised because of the new rule of getting out early on a colour change, the results before this rule were very positive, so i dont think the results will vary very much, infact, since that new rule, i have never got out a trade early because of the colour change rule, so in essence the repainting does make no difference for the original results, so i continue to forward test with great results.
  • #2,373
  • Nov 30, 2011 2:02am Nov 30, 2011 2:02am
I have no understand....
how can I have upper candles green and lower candels red?
  • #2,374
  • Nov 30, 2011 2:02am Nov 30, 2011 2:02am
Quoting deankenny21
ok, i hope people realise, that the whole repainting issue was only raised because of the new rule of getting out early on a colour change, the results before this rule were very positive, so i dont think the results will vary very much, infact, since that new rule, i have never got out a trade early because of the colour change rule, so in essence the repainting does make no difference for the original results, so i continue to forward test with great results.
Indeed.
  • #2,375
  • Edited 2:18am Nov 30, 2011 2:04am | Edited 2:18am
I am reading this debate about ST repainting YES or NO...why..how etc

Apologies in advance for possibly adding to the confusion.

When I build a trading system , I normally try to keep it as simple as possible. Adding the complete arsenal of MT4 indicators hoping to get a foolproof system just does not work as you all know by now.

Whatever I have or add to my charts MUST add value.

Example:

Let us say I use a10M chart with 89 EMA as a starting point. I have sorted the trading times already. I would do a backtest to see whether it has a positive expectancy , long above /short below EMA.

Now I look for improvements to add value to the system.

I decide to test MACD and add it to the chart, I now repeat the backtest to see whether MACD improves or add value to the system.

This process I repeat for every little line , arrow or indi I stick on the chart , always looking to drop something of if it does not add value or improve the system ,to keep it simple.

The current settings of MACD is conservative compared to the settings on ST (1.7) , this means that ST will signal in most instances well before the MACD.

The most conservative entry indicator will "drive" your trade entries most of the time, because it will act as a filter and confirmation after all the other indicators have a valid signal already.

Before this whole debate around ST derails the trading system and thread.

1) How important is the role and function of ST?
2) What will the outcome be if it is added/deleted add value YES?NO?

If with the current seetings on ST (1.7) and MACD on 12 .26 , MACD will always be slower and act as filter , the importance and role of ST should always be questioned regardless of whether the damn thing repaints or not!

It is a simple exercise to delete ST from your chart and save another template without ST. If you just run a visual backtest going back a few days or weeks by marking the entries with/without ST , you will get the picture.

There are LOTS of other indicators available that you can add (if it adds value)

The point I am trying to make is not to lose focus and in the process overestimate the value ST may or may not add to the system. The system is profitable , don`t let the tail wag the dog.

Peter,

I will send you an email later today.
" Never let the past hold the future to ransom "
  • #2,376
  • Nov 30, 2011 2:05am Nov 30, 2011 2:05am
Quoting x58
I install new template too and have same problems.
remove the exstra line via objects list.

that chould help
you

Peter
  • #2,377
  • Nov 30, 2011 2:09am Nov 30, 2011 2:09am
Quoting Gleneagles
I am reading this debate about ST repainting YES or NO...why..how etc

Apologies in advance for possibly adding to the confusion.

When I build a trading system , I normally try to keep it as simple as possible. Adding the complete arsenal of MT4 indicators hoping to get a foolproof system just does not work as you all know by now.

Whatever I have or add to my charts MUST add value.

Example:

Let us say I use a10M chart with 89 EMA as a starting point. I have sorted the trading times already. I would do a backtest to see whether it has a positive...

Thanks for your explanation.

I look forward to that mail

Peter
  • #2,378
  • Nov 30, 2011 2:26am Nov 30, 2011 2:26am
Quoting ohammond
I think he meant he put it on 30 minutes ago, not the 30m TF.
Correct. I put that in 10M offline chart as per pdf in the zip file. I exit at 10 pips and did two trades total. 10 and 9.
  • #2,379
  • Nov 30, 2011 2:40am Nov 30, 2011 2:40am
Hi Peter

I have created my own day trading system and backtest module. it works by importing 1min data from MT5 into my own database ( I have data from 2009 till 11/2011). This module is multi-symbol and not sensitive about spread or bad data like MT4 one.

I think i could import 10min data from MT5, and write a backtest with your rules. If you're interested,i will need to confirm correcly all the rules.

Philippe
  • #2,380
  • Nov 30, 2011 2:55am Nov 30, 2011 2:55am
GU -Short (Re-entry) = Loss!
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