Fratelli Intraday trading system | Page 160 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fratelli EA's 313 replies

Fratelli trading system signal indicator 42 replies

Fratelli Improvements and upcoming projects 15 replies

System Test: Invictus V Fratelli 541 replies

tools for easier trading with fratelli system 33 replies

Attachments: Fratelli Intraday trading system
Exit Attachments

Fratelli Intraday trading system

  • #3,181
  • Dec 7, 2011 8:37am Dec 7, 2011 8:37am
Quoting anyremote
Hi all, if anyone know how this indicator come by, please help me answer some of my questions regarding about the indicator. I plan to manually backtest this system for 1 year. I will post the result here regardless good result or bad result.

1. Let's start with the mini arrow. What is the criteria for the arrow to show it bottom or top? I know it was using EMA 2.15 crossover indicator but I don't know how does this indicator work. Is it Exponential Moving Average of 2 crossover with Exponential Moving Average of 15? I tried with it before but...
i been away a few days and first post i read is this
read the thread!!!!!!

about 79 ppl have backtested this with eas without eas visiually manually uname it they done it.

other questions again so many times this has been gone over in the thread

its sad to see a good mans work go down to what its become with this thread
  • #3,182
  • Dec 7, 2011 8:54am Dec 7, 2011 8:54am
Quoting kavindu
Hi
just to know! have u been sucessful in generating 20 pips every day solely using the signals generated by the system up to now? plus do u have a maximum risk tolerance per day?
thanks
Good question
I like R/R 1:1 and I have been 70% successful

Hence if I am 20 pips in the red (remember this is an accumulation of maybe three trades at once as in basket trading ) I pull the plug with a cancel all script
You have to do this or it is not 1:1 as much as it hurts me sometimes ,
""""tomorrow is another day""""
If I get 20 I surf , if not I get punished and dont surf
Makes you really read the charts for PA i can tell you as you get a reward for it

This is the last post for me as its not by the rules of the thread , its just my way , and the idea of this thread is to use the strategy as by the book
  • #3,183
  • Dec 7, 2011 9:07am Dec 7, 2011 9:07am
Hi dean
i think you'll should continue this thread. I am quite new with just around one year experience in the market. But the system introduced by peter seems interesting and simple to follow. May be as senior members here it would be useful if you guys can write about a MM plan (in the sense stipulating a maximum risk tolerance per day roughly, and profit targets per day etc) to use with this system?
I am writing like this because there was a day where the system produced -86 pips (Based on the forward testing done by you which was around 1/3 of the profits generated.
Plus there was a backtest done by mickymouse which produced loosing results for the system . After that i see the thread has been slowing down.
As young traders when senior member stop or temporary halt their posts after all these incidences with out any updates, we get discouraged. So may be if youll are doing something to further upgrade this system you could update us on the progress or could introduce better money management plan to suit this system so we can go with forward testing?

thank you
kavindu

quote=deankenny21;5202459]i been away a few days and first post i read is this
read the thread!!!!!!

about 79 ppl have backtested this with eas without eas visiually manually uname it they done it.

other questions again so many times this has been gone over in the thread

its sad to see a good mans work go down to what its become with this thread [/quote]
  • #3,184
  • Dec 7, 2011 9:45am Dec 7, 2011 9:45am
Quoting deankenny21
i been away a few days and first post i read is this
read the thread!!!!!!

about 79 ppl have backtested this with eas without eas visiually manually uname it they done it.

other questions again so many times this has been gone over in the thread

its sad to see a good mans work go down to what its become with this thread
Thanks for the reply.

Maybe I am a bit slow or maybe I am a bit careless. I did spend >8 hours reading the whole thread. But I really didn't notice anyone discussing about how the SuperTrend is calculated. I also didn't notice how the EMA 2.15 crossover being developed. I only know that you all integrated all those indicators into fratelli_main indicator that if not mistaken, developed by Micky. Like I said, maybe I careless. Please be patient with me.

But never mind as I want the answer just to manually back test myself. If you all have the backtest result, I don't really need the answer for the above question.

I know quite some people backtest the system including Micky and Gleneagles. But seems that we can only see Peter's backtest result here. Others didn't post it. I didn't know it was 76 people backtest it.

Can we know the result please? Is it good to go or is it lousy result prior to previous 3 months?

Please be patient with me. Thanks.
  • #3,185
  • Dec 7, 2011 10:16am Dec 7, 2011 10:16am
Quoting anyremote
I also didn't notice how the EMA 2.15 crossover being developed.
Think the source code is included with that indicator because I'm sure I looked at it before - right click it in your navigator and click Modify. You should see the code for it.

Pretty sure it's just EMA 2 and EMA 15 crossover/ bounce.
  • #3,186
  • Dec 7, 2011 10:32am Dec 7, 2011 10:32am
Quoting los_pipos
Think the source code is included with that indicator because I'm sure I looked at it before - right click it in your navigator and click Modify. You should see the code for it.

Pretty sure it's just EMA 2 and EMA 15 crossover/ bounce.
Thanks for the reply. I got no idea how to read the code. However, I tried to include both EMA 2 and EMA 15 into my chart. The problem is, when they crossover, it didn't match the arrow shows in EMA 2.15 crossover indicator. Strange
  • #3,187
  • Dec 7, 2011 10:35am Dec 7, 2011 10:35am
Quoting anyremote
Thanks for the reply. I got no idea how to read the code. However, I tried to include both EMA 2 and EMA 15 into my chart. The problem is, when they crossover, it didn't match the arrow shows in EMA 2.15 crossover indicator. Strange
The 2,15 is actually LWMA not EMA.

Lufkindog
  • #3,188
  • Edited 5:15pm Dec 7, 2011 11:09am | Edited 5:15pm
Quoting anyremote
1. Let's start with the mini arrow. What is the criteria for the arrow to show it bottom or top? I know it was using EMA 2.15 crossover indicator but I don't know how does this indicator work. Is it Exponential Moving Average of 2 crossover with Exponential Moving Average of 15? I tried with it before but it seems does not tally with the result of EMA 2.15 crossover indicator result.
Its a cross over 2 LWMA @close.
Fast ema = 2
slow ema = 15

whenever a cross is detected an arrow will be draw.

If you want to visualize this just plot 2 LWMA (2, 15) over the chart. if i recall the original (standalone) indicator had an option to hide/show lines.


Quoting anyremote
2. Regarding about SuperTrend indicator, how does it calculate to come out with the result that paint the candle red or green? How does it indicate whether it is uptrend or downtrend?
The super trend used in this thread is calculated by

for each candle calculate
( H - L )/ 2

you'll get the middle point.

to this middle point, add / subtract 1.7 * ATR (10 period) value.

for each bar you will get 2 points an high and a low. lets call them.
FRAT_HIGH and FRAT_LOW

if candle close is above previous FRAT_HIGH trend will be UP and candle will be green.

If candle close is bellow previous FRAT_LOW trend will be DOWN and candle will be red.


Hope this helps.

J
  • #3,189
  • Dec 7, 2011 11:39am Dec 7, 2011 11:39am
Just a few notes:

- This system is simple. Its easy to learn and follow.
- This system is good.
- This system like any other system generates GOOD signals it also generates FALSE ones.
- If you take all the signals one will loose.
- be careful with re-entry signals, the ones to far off the 89ema are dangerous.
- Signals on big range bars are dangerous.

wait for signals to come and look to the left of the current bar. check a higher timeframe and see if you PA movement is aligned with a bigger picture (trend).

Use discretion, a lot of it. don't take every signal blindly because it follows a rule or because someone says its a matter of keep doing it and the probabilities will be on your side. A rule is just a guide sometimes you follow it, sometimes you bend it.

if trading was simple and mechanical we would all be rich in no time.

Have fun
J
  • #3,190
  • Dec 7, 2011 12:18pm Dec 7, 2011 12:18pm
Quoting anyremote
Hi Peter (fratelli), quite some time didn't see your post. Any motivation words? Have you got any chances to discuss Mickey's backtest result.
Peter is not posting these days because he had a technical issue in Denmark. A storm has knocked out his ADSL line.....

He will come back soon...
  • #3,191
  • Dec 7, 2011 12:26pm Dec 7, 2011 12:26pm
Quoting deankenny21
i been away a few days and first post i read is this
read the thread!!!!!!

about 79 ppl have backtested this with eas without eas visiually manually uname it they done it.

other questions again so many times this has been gone over in the thread

its sad to see a good mans work go down to what its become with this thread
Hi Dean, welcome back in the thread....
What do you think about the backtest made by Micky Mouse? Which is clearly at odds with those made by Peter & Gleaneagle? Do you know how they made those backtests, manually or by an EA?
I think Peter made it manually and, frankly, I tend to believe that this method is more reliable.....
  • #3,192
  • Dec 7, 2011 12:42pm Dec 7, 2011 12:42pm
I have not mt4 and I can not load the oscillators macd ... as set by the microcontroller?
And then the averages are ema or wma?
Thanks for the replies
  • #3,193
  • Dec 7, 2011 12:50pm Dec 7, 2011 12:50pm
A WARNING FOR TOMORROW...!!

I know we trade this system regadless of the news, but tomorrow we have some news (Euro & GBP bid rates) which are the ones (after NFP & Bernanke speaks) that can move the market with huge spikes...
I suggest to stay away from the market from 1/2 hour before & at least 15 min after these news.......


(Time of the news is GMT +1)
1:00pmGBP
Official Bank Rate
1:45pmEUR
Minimum Bid Rate
  • #3,194
  • Dec 7, 2011 3:50pm Dec 7, 2011 3:50pm
sorry for not being here.

But I am back in Germany now.

I exspect my internet up running home cer soon.

I will see if there is some q for me.

Thanks

Peter
  • #3,195
  • Dec 7, 2011 4:20pm Dec 7, 2011 4:20pm
hello peter,
you are welcome.
What makes a lot of people with your Tread?
Bring this tread of a good way! Peter.
thx
steve
  • #3,196
  • Dec 7, 2011 4:44pm Dec 7, 2011 4:44pm
Quoting kook

if trading was simple and mechanical we would all be rich in no time.

J
You are quite right. I do not understand with this thread must be
used only buy those who trade exactly by the rules.
  • #3,197
  • Dec 7, 2011 5:06pm Dec 7, 2011 5:06pm
Welcome back Peter. I think we need you here ! :-)


Quoting fratelli
sorry for not being here.

But I am back in Germany now.

I exspect my internet up running home cer soon.

I will see if there is some q for me.

Thanks

Peter
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #3,198
  • Dec 7, 2011 6:56pm Dec 7, 2011 6:56pm
I am not sure what happened. I think, current market conditions are not working for fratelli, especially if the reentry or entry is far from MA line.

It worked for me, yes, I took some losses today. but it is not just the mistake of system. I am new and I don't know still how the market behaves. I need to use my brain too; that's what I learned. Fratelli doe snot have brain, it just sticks to what it is supposed to do. That's to give SIGNALS.

I will be more cautious and still use the system.


Quoting rivtrader
No one actually knows if someone is getting rich trading mechanical systems in Forex. Just because they do not announce themselves does not mean they do not exist.

As an example, in another market, very few people knew about high frequency trading until they attracted attention to themselves with the crash in the stock market a little while back.

That is all mechanical trading. With computers even. And yes, they are getting rich with it.
  • #3,199
  • Dec 7, 2011 10:09pm Dec 7, 2011 10:09pm
Quoting fxmate
Fratelli does not have brain
I think you need to readjust your sentence to "Fratelli System does not have brain"

Fratelli (Peter) is a generous guy that share this system with brain.

Quoting kook
Its a cross over 2 LWMA @close.
Fast ema = 2
slow ema = 15

whenever a cross is detected an arrow will be draw.

If you want to visualize this just plot 2 LWMA (2, 15) over the chart. if i recall the original (standalone) indicator had an option to hide/show lines.



The super trend used in this thread is calculated by

for each candle calculate
( H - L )/ 2

you'll get the middle point.

to this middle point, add / subtract 1.7 * ATR (10 period) value.

for each bar you will get 2 points an high and a low. lets call...
Thanks a lot for your reply. Really appreciate it.

Quoting kook
Just a few notes:

- This system is simple. Its easy to learn and follow.
- This system is good.
- This system like any other system generates GOOD signals it also generates FALSE ones.
- If you take all the signals one will loose.
- be careful with re-entry signals, the ones to far off the 89ema are dangerous.
- Signals on big range bars are dangerous.

wait for signals to come and look to the left of the current bar. check a higher timeframe and see if you PA movement is aligned with a bigger picture (trend).

Use discretion,...
I want to use by brain to filter it too. Problem is whenever I use my brain, I end up losing on the trade. Perhaps I am too inexperience to use my brain in forex. That's why I am such a huge fan when come to this pure mechanical system , provided if it work of course.
  • #3,200
  • Dec 7, 2011 10:25pm Dec 7, 2011 10:25pm
Quoting Aztrader2
.............
What do you think about the backtest made by Micky Mouse? ..................
I think Peter made it manually and, frankly, I tend to believe that this method is more reliable.....
Hi Aztrader2,

Let me tell you this:
The people who programmed those EA's to check if this system is profitable YES or NO have left the building and have not intention anymore to come back or to trade this system.

Some people have made some postings that back tests are not to be trusted. Well let me tell you this: I AGREE with them but not in the same logic that they use. WHY ?
Because if a back test shows a very good result then one will see that once you start to trade for real your live profits will be a lot less then your demo trading or what your back tests showed what you theoreticaly would have made.
BUT NEVER the other way around. Meaning that your back tests show clearly that the results are very bad and once you trade a system for real, the live results are very good.

Programmers here gave proof and especially to Peter that this system is a loosing system when traded over a longer period of time.

For me it was very clear from the beginning when you look to the entrys (for a long a full bar above the MA and for short a full bar bellow the MA) that this is way to late or to far away from a previous bottom or previous top. And that this type of trading will kill your account in ranging market conditions.
And when will markets range or trend... YOU DON'T KNOW... that is trading. If you can find yourself an indicator that can show you the difference between ranging or trending markets you will become richer then Warren Buffet.

This system has very clear rules and is very simple to look at and to understand. But it has no edge what so ever to beat the markets over a LONGER period of time. Or simply explained it is doing like 99% of the trend following systems: you will earn good money in high volatility or trending markets. In ranging markets your hitrate will get as low as 10-20% and it will eat your account.

Friendly regards... FXiGoR

PS. If this trading game would be so easy, just trowing 4 indicators together, then you need to realize that there have been millions of people looking to charts and combining indicators and they would all be rich ! Sorry to spoil your party now or to tell you that Santa Claus does not exist.
0 traders viewing now