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Fratelli Improvements and upcoming projects

  • #1
  • First Post: Edited 11:16am Dec 1, 2011 8:07am | Edited 11:16am
Welcome, let me introduce myself, I am a follower of the Fratelli Intraday trading system. I manually trade with the system during the london market. When the london market close, I will work on backtests and try to incorporate new ways of improving the fratelli method. The reason why I am starting a new thread is because first of all, I do not want to confuse the reader of the original thread and also I would like to keep everything that I am working on in a nice place for a separate discussion.

The material on this thread should not be used live because it is only in experimentation stage and even if they are approve to be worth while taking, I believe the deviation will be much higher than the original rules. There is always a risk appetite for different people, use at own risk.

Upcoming projects:
1)GU Backtesting on 10M for 2011. - according to 15tp, 15sl as stated in the manual
Due Date: Most likily within a day

2)incorporating RSI trendline exit strategy - rather than using a set fixed rules for jumping stops, BE, tp, sl, we are trying to capture the right amount of profit accordingly when the market condition changes. When the market is moving, we should be able to grab more than 20 pips and when the market is slowing down, we should be good with 10 pips and out. So we will experiment with a leading indicator approach for exiting at the right time.

Due Date: End of the week, Dec 4, 2011.
  • #2
  • Dec 1, 2011 8:41am Dec 1, 2011 8:41am
Quoting johnjwong
Welcome, let me introduce myself, I am a follower of the Fratelli Intraday trading system. I manually trade with the system during the london market. When the london market close, I will work on backtests and try to incorporate new ways of improving the fratelli method. The reason why I am starting a new thread is because first of all, I do not want to confuse the reader of the original thread and also I would like to keep everything that I am working on in a nice place for a separate discussion.

Upcoming projects:
1)GU Backtesting on 10M for...
Hello, and very happy to see you starting this..
just one small request please....
if you plan to add new indicators and bend the rules, please change the name of the system ... call it whatever else , but if u call it fratelli, we will get a huge mess here
  • #3
  • Dec 1, 2011 9:33am Dec 1, 2011 9:33am
I am posting everything in a separate thread trying to cause less confusion. I think it is important to have 1 thread concentrating on current live trading with the original system and another thread with improvements update so that people's effort are not duplicated. For example, I am backtesting GU today and will post my results. By having such a thread, we can improve the system collaboratively in a nice organized manner. I do not see how this will be a confusion if a separate thread is made. However, if more people insist, I will change the title of the thread. But I will not make up a new name for the system. Peter made the system along with a lot of helpers that contributed a lot of effort and time. I have no right to modify the system and use another name.
  • #4
  • Dec 1, 2011 9:48am Dec 1, 2011 9:48am
Quoting johnjwong
I am posting everything in a separate thread trying to cause less confusion. I think it is important to have 1 thread concentrating on current live trading with the original system and another thread with improvements update so that people's effort are not duplicated. For example, I am backtesting GU today and will post my results. By having such a thread, we can improve the system collaboratively in a nice organized manner. I do not see how this will be a confusion if a separate thread is made. However, if more people insist, I will change the...
if you have no right to modify the system , what is this?

"

2)incorporating RSI trendline exit strategy - rather than using a set fixed rules for jumping stops, BE, tp, sl, we are trying to capture the right amount of profit accordingly when the market condition changes. When the market is moving, we should be able to grab more than 20 pips and when the market is slowing down, we should be good with 10 pips and out. So we will experiment with a leading indicator approach for exiting at the right time.

Due Date: End of the week, Dec 4, 2011.

"

is that part of original rules?

never saw that ?
  • #5
  • Dec 1, 2011 9:54am Dec 1, 2011 9:54am
I meant we have no right to change the name of the system after doing a simple modification. Look, this is only experimentation, I am not even sure if it will work or not. Even if it will, I will have to do numerous backtestings and compare the results and deviations with the original rules to see.

So far, I do not see what is the harm on this.
  • #6
  • Dec 1, 2011 9:56am Dec 1, 2011 9:56am
Quoting johnjwong
I meant we have no right to change the name of the system after doing a simple modification. Look, this is only experimentation, I am not even sure if it will work or not. Even if it will, I will have to do numerous backtestings and compare the results and deviations with the original rules to see.

So far, I do not see what is the harm on this.
you will see the harm as soon as other 20 people will come and post trades with tp 5, ore tp 45 , ore charts with RSI and so on on the main thread...
nobody is gonna know anymore what tp , what rule what ...
  • #7
  • Dec 1, 2011 9:58am Dec 1, 2011 9:58am
No way, thats just dumb... no stupid posts like that ! If they appear, Ill delete this post..
  • #8
  • Dec 1, 2011 9:59am Dec 1, 2011 9:59am
Quoting johnjwong
No way, thats just dumb... no stupid posts like that ! If they appear, Ill act accordingly
ok if they appear, i expect you to reply to them
  • #9
  • Dec 1, 2011 10:01am Dec 1, 2011 10:01am
Quoting MickyMouse
ok if they appear, i expect you to reply to them
Ill be the first one sending them a PM to tell them to delte their msg from the main post
  • #10
  • Dec 1, 2011 11:02am Dec 1, 2011 11:02am
Just to demonstrate what I wanted to achieve with the RSI trendline:
Entered short on AU @ 1.02460, with original rules hit sl -20 pips.

At the entry bar, it seemed like we could have drawn a nice trendline. The break of trendline happened when the bar closed and if we exited would have only had -7.9 pips lost
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  • #11
  • Dec 1, 2011 11:08am Dec 1, 2011 11:08am
Another example on EU, sl hit at -25 pips but if rsi trendline is used, could have exited at closed of the bar at only -8.6 pips
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  • #12
  • Dec 1, 2011 11:11am Dec 1, 2011 11:11am
EJ short currently holding at -11 pips, will it break the RSI trendline and reach - 20 pip sl?
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  • #13
  • Edited 12:14pm Dec 1, 2011 11:36am | Edited 12:14pm
There will be lots of trader's discretion here and hence the results will deviate between diff. people, but my theory is that should a reasonable trendline be drawn, it helps. Here is another example for a trader who wants to connect with an additional previous point for the EU trade at post #11. It will be a later exit at -13.1 pips. But it is better than -25 pips. Of course, in some trades, we would have missed some pips because of exiting earlier than the original rules. Only more baacktestings and foreward testings will tell.

Edit: My theory is that no matter how u draw the trendline, the results will only differ between 1 or 2 bars thats because we are waiting for the bar to close first so that the break is confirmed.
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  • #14
  • Dec 1, 2011 4:14pm Dec 1, 2011 4:14pm
EJ closed - 20 pips, price went sideways right after the break of the RSI TL.

could have exited near BE.
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  • #15
  • Dec 1, 2011 5:37pm Dec 1, 2011 5:37pm
Hi John

could you please answer post 2831.

thanks

Peter
  • #16
  • Last Post: Dec 3, 2011 12:18pm Dec 3, 2011 12:18pm
i apologize for putting the worong pic.
here is 7 january
please do tell what u see wrong with it.
thank you!
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