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Fratelli Intraday trading system

  • #3,121
  • Dec 6, 2011 5:12am Dec 6, 2011 5:12am
Two winners today on EU, I'm only trading EU for now.

I still like this system and will continue to trade it. The fact that Micky's backtests weren't so good should not discourage us. All systems cannot perform well in all market conditions. This is the reality of trading.

So we should continue to trade this with confidence, and when the markets change and the system begins to fail, then we should adapt it for the new conditions.

We're never going to find a method that works no matter what the market conditions are. It doesn't exist! We must be flexible.
"Be the change that you wish to see in the world." --Gandhi
  • #3,122
  • Dec 6, 2011 5:18am Dec 6, 2011 5:18am
hy micky!
you mean we trade only demo,didn,t trade a live acount on this time?
steve

Quoting MickyMouse
me and another 2 team of traders did an ea for this system .. Actually 3 ea`s in total ...

We figured out how to run backtests on 10 min tf and we backtested the system.

I feel is my duty , as a trader, and member of this community to warn everybody out!!!!!

1 . What we came to see is that the last 2 - 3 months the system has been profitable .
2. Before of that , the system has been a constant looser .
3. The system tested on dukascopy tick data only on the eur/usd , blew the account !!!!!!!!

At the time beeing we are experiencing some strange...
  • #3,123
  • Dec 6, 2011 5:20am Dec 6, 2011 5:20am
Quoting Cross
Buy EURJPY 104.22
It has nothing to do with Peter's strategy but I donīt like this short term resistence around 104.30 from the begining. Letīs wait and see.
  • #3,124
  • Dec 6, 2011 5:51am Dec 6, 2011 5:51am
Quoting MickyMouse
Before you start making rubish asumptions keep in mind the backtest was checked by Peter himself and trades are correct .. there might be 2 3 trades out of 100 wrong... that does`nt change the fact that is not working . Glen, as you can see on the first page of this thread , backtested the system on 15 minutes !!! not 10 . As it goes for this system , his backtest has nothing to do with us !!!!

So Mstr Blackeagle , i understand you want to believe .... but this is trading, not a church ... As i said, the system looks very promising the past...
I have been backtesting systems since 1991 and I have spent countless hours to do that. All I wanted to say was I didn't trust MT4 EAs and I didn't trust backtest results obtained by EAs and I told this in my previous posts by encouraging people for forward testing. And that's why I am forward testing. I don't need to believe in anything, especially the EA traders.

If you check post # 2261, Glen also backtested M10 charts, but for a smaller period than M15 or M5. Since he also used M10 for his backtests, I made that assumption. If two programmers backtest the same thing and find two different results, I am entitled to make an assumption that one of them is rubbish. This has nothing to do with respect to your work or somebody else's, it is a fact. And also I didn't say the rubbish one was yours. But since you are the one more offended, should I consider it was yours? LOL

Anyway, I have no intention to start a fight as it is not my style, especially on FF. My last post on this thread. Good luck with your programming.

Regards,
Blackeagle
  • #3,125
  • Dec 6, 2011 5:53am Dec 6, 2011 5:53am
Quoting GB_Trader
GREEN PIPS BABY. GREAT SIGNAL - GREAT STRATEGY - GREAT PROFIT !!!

Peter, your a genius !!
A/U = +25 pips
E/U = +25 pips

Please note. it helps if you have considerable experience as you can plot the best entry times that this strategy employs, however if you have no experience then just wait and use the signals!!!

I agree with you, GREAT STRATEGY !!!!
  • #3,126
  • Dec 6, 2011 6:11am Dec 6, 2011 6:11am
if i tell people my finding, they are subish and i am the bad man ...

if i would`nt tell you my findings but you would start loosing money and after a month of loosing money i would actually come and say , hey , i know for a full month the system ost in the beggining of the year, than again i would be the bad guy ..

However i play it, ill allways be the bad guy ...
the only way not to be the bad guy is not to get involved...
Lesson learned .
  • #3,127
  • Dec 6, 2011 6:14am Dec 6, 2011 6:14am
It's such a shame that the thread has been reduced to this.
  • #3,128
  • Dec 6, 2011 6:18am Dec 6, 2011 6:18am
Quoting Wally1953
Two winners today on EU, I'm only trading EU for now.

I still like this system and will continue to trade it. The fact that Micky's backtests weren't so good should not discourage us. All systems cannot perform well in all market conditions. This is the reality of trading.

So we should continue to trade this with confidence, and when the markets change and the system begins to fail, then we should adapt it for the new conditions.

We're never going to find a method that works no matter what the market conditions are. It doesn't exist! We must...
Maybe someone is still looking for holy grail...
  • #3,129
  • Dec 6, 2011 6:19am Dec 6, 2011 6:19am
EU BUY AT 1.3414
  • #3,130
  • Dec 6, 2011 7:02am Dec 6, 2011 7:02am
Quoting Cross
Buy EURUSD 1.3382
Can you explain your buy, it is very strange, it was Dec 6, 2011 11:29 super candle was below 89 Moving average and did not close above, later it was signal candle???? And price 1.3382 was exactly on the 89 Moving average.
  • #3,131
  • Dec 6, 2011 7:18am Dec 6, 2011 7:18am
repeat and will repeat again you can not and never trust backtesting data with an EA in metatrader backtester.

not with duscacopy method either. it is totally unrelieable! never ever believe backtesting result even if it shows 99% true tickdata.

there is only 1 way and that is forward testing.

so mickey if you made the Ea great. test it for forward. and do no backtest it is useless.

this is for all people who make Eas in general ot rjust starting. do not get discouraged by Ea backtester it is crap.
  • #3,132
  • Dec 6, 2011 7:53am Dec 6, 2011 7:53am
EU PO 1.3365
  • #3,133
  • Dec 6, 2011 8:14am Dec 6, 2011 8:14am
PO Short EJ 103.889
  • #3,134
  • Dec 6, 2011 9:01am Dec 6, 2011 9:01am
EU -25
  • #3,135
  • Dec 6, 2011 9:12am Dec 6, 2011 9:12am
Quoting Topmonkey
EU -25

How did you end up with -25 ?

Did your EU short not reach 10 pips, with early adjust SL to 10.

The same short taken by EA was stopped out at -10 pips.

Cheers.
  • #3,136
  • Dec 6, 2011 9:15am Dec 6, 2011 9:15am
Quoting PierreFX8888
How did you end up with -25 ?

Did your EU short not reach 10 pips, with early adjust SL to 10.

The same short taken by EA was stopped out at -10 pips.

Cheers.
Based on my broker pricing it never got to +10 pips so took the full -25 SL
  • #3,137
  • Dec 6, 2011 9:16am Dec 6, 2011 9:16am
Quoting randomjay
Based on my broker pricing it never got to +10 pips so took the full -25 SL
Thanks for your reply.

Cheers.
  • #3,138
  • Dec 6, 2011 9:21am Dec 6, 2011 9:21am
yeah i took a -25 hit too. but made 40+ earlier so its still a profitable day.
  • #3,139
  • Dec 6, 2011 9:29am Dec 6, 2011 9:29am
Quoting Outrage
yeah i took a -25 hit too. but made 40+ earlier so its still a profitable day.
There were two -25 on EU so you would still be in the red for the day.
  • #3,140
  • Dec 6, 2011 9:37am Dec 6, 2011 9:37am
Eu trades from 8am uk time
+20
-25
-25
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