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Fratelli Intraday trading system

  • #2,581
  • Dec 1, 2011 3:19am Dec 1, 2011 3:19am
Quoting peterporter
Et voila
Peterporter, can you attach the EA and related scripts as well? thx
  • #2,582
  • Dec 1, 2011 3:19am Dec 1, 2011 3:19am
Question for Peter:
I know you have done extensive backtests, I am just trying to understand the usefulness of having a 25 pips SL on EU compared to a 20 pips SL.
To be effective compared to a 20 pips SL like on the other pairs, it means that every 4 times that price reaches -20, -24, then price turns back into positive territory to reach at least +10 to move the SL.
I am asking these because so far in forward testing every time that price reached -20 then eventually also hit -25, so if that helps save some pips why not placing SL at 20 pips?
  • #2,583
  • Dec 1, 2011 3:19am Dec 1, 2011 3:19am
Quoting Aztrader2
Read the PDF (SAR rule) about a cross of 89, a crossback & a final cross again in the first direction..... The other signals (2MA, color bar & macd) must still agree.

So my new PO on EJ was not triggered...
And unfortunately, my short on EU was filled just by fractional pips
care to test smthing?
  • #2,584
  • Dec 1, 2011 3:22am Dec 1, 2011 3:22am
Quoting johnjwong
thx alot peterporter

I still think that the EJ setup is valid guys!

EDIT:
"We cansel the PO if we see a candle in opposite direction ( Red to Green)or(Green to Red)
We can see an arrow come in opposite direction and then later see a new arrow poiting in the direction off
the trend. It is ok to modify your PO according to the new Arrow."

per the manual, so im assuming once we set a PO, we only modify the PO if either one of the above are met. It is not about if the trade is valid or not cuz it was and hence we had a short line....
7:50 GMT signal bar became invalid with the next bar closing above 89EMA and then we had a new signal bar at 8:20 GMT and a new PO should have been placed but that was not triggered. Hope this helps.
  • #2,585
  • Dec 1, 2011 3:24am Dec 1, 2011 3:24am
Quoting mazingaz
Question for Peter:
I know you have done extensive backtests, I am just trying to understand the usefulness of having a 25 pips SL on EU compared to a 20 pips SL.
To be effective compared to a 20 pips SL like on the other pairs, it means that every 4 times that price reaches -20, -24, then price turns back into positive territory to reach at least +10 to move the SL.
I am asking these because so far in forward testing every time that price reached -20 then eventually also hit -25, so if that helps save some pips why not placing SL at 20 pips?...
I have seen in my back testings that price does in fact go between 20-24 and trail back off. I think the math for the trade off here is not once every 4 times but since our tp is 20, our original sl will be 20, our potential gain is actually 40 pips. 5 pip / 40 pip is once every 8 times. If price bounce back once every 8 times, its better off.
  • #2,586
  • Dec 1, 2011 3:25am Dec 1, 2011 3:25am
Quoting johnjwong
Peterporter, can you attach the EA and related scripts as well? thx

its on post 1715 to download
  • #2,587
  • Dec 1, 2011 3:26am Dec 1, 2011 3:26am
Quoting Blackeagle
EJ wasn't triggered (my broker and IBFX demo). Signal bar was at 8:20GMT and its low was 104.212. Price didn't touch 104.182 (the low was 104.190). If your broker has wider spreads, you may well be triggered.

EU trade is a full loss, -25 pips.
Other traders got signal for Short (EJ) 30 minutes earlier than you.
Strange signal indicator...
  • #2,588
  • Dec 1, 2011 3:30am Dec 1, 2011 3:30am
Quoting johnjwong
I have seen in my back testings that price does in fact go between 20-24 and trail back off. I think the math for the trade off here is not once every 4 times but since our tp is 20, our original sl will be 20, our potential gain is actually 40 pips. 5 pip / 40 pip is once every 8 times. If we have once every 8 times, its better off.
We have rules and we fallow them. If I like to test different settings, then I do. If they are good, I will tell to other fellow trades too, so try and if they are good, then inlight as too.
  • #2,589
  • Dec 1, 2011 3:30am Dec 1, 2011 3:30am
Quoting Blackeagle
7:50 GMT signal bar became invalid with the next bar closing above 89EMA and then we had a new signal bar at 8:20 GMT and a new PO should have been placed but that was not triggered. Hope this helps.

"We also take trades if we see price close above 89 EMA and then close below 89 EMA and then finally
close above again and if all other rules are still in place we take the trade"

This means the original PO is not cancelled. Right?
If right, then Blackeagle is wrong. If BE is right, I am wrong.
  • #2,590
  • Dec 1, 2011 3:31am Dec 1, 2011 3:31am
Quoting smilee89
Other traders got signal for Short (EJ) 30 minutes earlier than you.
Strange signal indicator...
First signal was at 7:50 GMT but cancelled when price closed above 89. See my previous post.
  • #2,591
  • Dec 1, 2011 3:35am Dec 1, 2011 3:35am
Hi all, sorry to ask stupid question. What does PO means? I search up and down on Internet but can't get the answer.
  • #2,592
  • Dec 1, 2011 3:36am Dec 1, 2011 3:36am
Long triggered on EU and EJ a few minutes ago.....I only took the EU trade....One trade at the time for me for now...
Trading can't be taught but it can be learned
  • #2,593
  • Dec 1, 2011 3:39am Dec 1, 2011 3:39am
Quoting Pipsninja
Long triggered on EU and EJ a few minutes ago.....I only took the EU trade....One trade at the time for me for now...
MACD is red on the 9.20 candle, no no PO should of been placed yet

once this 9.30 candle closes then its time to set PO and wait for it to trigger
  • #2,594
  • Dec 1, 2011 3:40am Dec 1, 2011 3:40am
Quoting Blackeagle
First signal was at 7:50 GMT but cancelled when price closed above 89. See my previous post.
No. If price closed above - PO is not cancelled. Only if bar color changed (or opposite arrow is shown), and this was not the case here.
  • #2,595
  • Dec 1, 2011 3:41am Dec 1, 2011 3:41am
Quoting Nizdraw
MACD is red on the 9.20 candle, no no PO should of been placed yet

once this 9.30 candle closes then its time to set PO and wait for it to trigger
For me, all trades closed, only thing I have is a PO buy stop for EJ at 104.717

EDIT: sorry got PO buy stop for EU as well
  • #2,596
  • Dec 1, 2011 3:43am Dec 1, 2011 3:43am
Thanks Nizdraw, you are right....
Trading can't be taught but it can be learned
  • #2,597
  • Dec 1, 2011 3:44am Dec 1, 2011 3:44am
Long EJ & EU
  • #2,598
  • Dec 1, 2011 3:48am Dec 1, 2011 3:48am
Quoting Aztrader2
Long EJ & EU

do you have some time to test this new indy ?
for that repaint pain
  • #2,599
  • Dec 1, 2011 3:48am Dec 1, 2011 3:48am
Quoting peterporter
its on post 1715 to download
Peter thx, sorry to bother you once more, I try to gather all theh questions I had:

1) once we attach the EA to the chart its automatic manage any new orders that we have for that particular pair, we dont need to set tp or sl to the order right?

2)does the EA need diff magic no. for each chart?

3)It seemed like you have wrong set file for audusd, just a reminder, shouldnt we use the same set file as EJ?
  • #2,600
  • Dec 1, 2011 3:50am Dec 1, 2011 3:50am
Quoting smilee89
No. If price closed above - PO is not cancelled. Only if bar color changed (or opposite arrow is shown), and this was not the case here.
If price closed above 89ma you cancel your PO, period. Only if you already are in a trade you don't close it. We had this discussion before, also in the pdf this is described as a SAR A stop and reverse entry
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