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  • #341
  • Apr 19, 2006 6:16pm Apr 19, 2006 6:16pm
Trading sheet for 20 April 2006
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File Type: zip 20apr06.zip   4 KB | 335 downloads
  • #342
  • Apr 19, 2006 10:14pm Apr 19, 2006 10:14pm
Quoting BeachBum
Trading sheet for 20 April 2006
Hey BeachBum,

My VP output for 20apr06 lists the NI for usdjpy as 0.58 - my data provider is Genesis.

Just curious about the discrepancy.

Here is my output today:
Attached Image
  • #343
  • Apr 19, 2006 10:40pm Apr 19, 2006 10:40pm
Quoting lonespruce
Hey BeachBum,

My VP output for 20apr06 lists the NI for usdjpy as 0.58 - my data provider is Genesis.

Just curious about the discrepancy.

Here is my output today:

What I find to be more disturbing then the NI difference are the p/h and pl differences. Tomorrow I will post my chart for the same period using CSI data. These differences might make a significant impact on a trading system like the one I am currently using. There have been times when I missed a trade, got stopped out of one or missed full profit by just a few pips.

This is why we need someone to prepare a data provider comparison chart to see which provider is closest to the actual values as per the broker.
  • #344
  • Apr 19, 2006 10:46pm Apr 19, 2006 10:46pm
Quoting BeachBum
What I find to be more disturbing then the NI difference are the p/h and pl differences.
I agree 100% - I noticed that as soon as I had posted my last post. I'd do the comparison - but I'm in the middle of exam preperation for my final semester of universtiy.

I have a feeling that each provider does have the same data - they just each treat FX differntly as they are not stricktly FX data providers. What I mean is that their open and close times are probably different. For instance maybe CSI uses 4pm EST as their end of day, while Genesis may use 5pm EST as their end of day [I DO NOT KNOW WHAT TIMEs THEY USE - THESE TIMES USED FOR EXAMPLE PURPOSES ONLY]. This would leave them with the same raw data hour by hour, but with different end of day figures.

I'll email Genesis tonight to see what time they use.
  • #345
  • Apr 19, 2006 10:53pm Apr 19, 2006 10:53pm
Quoting lonespruce
I agree 100% - I noticed that as soon as I had posted my last post. I'd do the comparison - but I'm in the middle of exam preperation for my final semester of universtiy.

I have a feeling that each provider does have the same data - they just each treat FX differntly as they are not stricktly FX data providers. What I mean is that their open and close times are probably different. For instance maybe CSI uses 4pm EST as their end of day, while Genesis may use 5pm EST as their end of day [I DO NOT KNOW WHAT TIMEs THEY USE - THESE TIMES USED FOR EXAMPLE PURPOSES ONLY]. This would leave them with the same raw data hour by hour, but with different end of day figures.

I'll email Genesis tonight to see what time they use.
In the "Forward Testing" thread we had a discussion about this. I will need to go back and see what time everybody does it, but the most important thing is to use a provider that closely matches the numbers from your broker.
  • #346
  • Edited 11:20pm Apr 19, 2006 11:06pm | Edited 11:20pm
Quoting BeachBum
but the most important thing is to use a provider that closely matches the numbers from your broker.
That makes a lot of sense.

While I have you here - quick comment about your spreadsheet - your columns "buy stop", "buy limit", "sell stop", "sell limit" were a bit misleading for me at first. At first glance I thought they were entry points for order types of the same name.

Of course upon further investigation of your formulas I found they were simply the stop and limit levels for the associated buy or sell order. I just thought I would bring that up for anyone else who had missinterpreted the file as I did.

In no way am I trying to correct your work - the logic is great and I'm very grateful for the hard work that it took to test and develop this system. Thank you.
  • #347
  • Apr 19, 2006 11:07pm Apr 19, 2006 11:07pm
Quoting BeachBum
In the "Forward Testing" thread we had a discussion about this. I will need to go back and see what time everybody does it, but the most important thing is to use a provider that closely matches the numbers from your broker.
That would seem to be the ideal. But how can we establish all of the factors that might influence the VP data providers, and then how to match a particular one with a broker as brokers differ also?

Even the bar configurations differ as can be seen by looking at VP (daily) and comparing an MT4 feed not based on EST.
  • #348
  • Apr 19, 2006 11:26pm Apr 19, 2006 11:26pm
Quoting BeachBum
In the "Forward Testing" thread we had a discussion about this. I will need to go back and see what time everybody does it, but the most important thing is to use a provider that closely matches the numbers from your broker.
I should have Genesis data from Bernadete shortly, within the next few days I will try to provide a data comparison.

I use FXCM and use MT4 demo charting, I follow the currency price between these two very closely (of course) and find that the difference is usually 1 pip, occasionally this may change to 2 or even 3 pips difference but it catches up very quickly so I dont see that as an issue.

So back to BB's comment, by comparing and finding the data provider that follows MT the closest, this would be the most accurate source for me to use with my broker FXCM.

But, not necessarily for the best results acheived by BB, because I use CRB and BB uses CSI my results will differ, better or worse I dont know. From the forward testing sessions we did, we know that CSI data is avail at 5:00pm EST and CRB 6:00pm EST .. so the PH/PL will be different for sure. As long as I maintain a profitable system I will be happy. Because as BB has stated it also allows for discretion to pick and choose trades and adjust limits if so desired, however one chooses to tinker.
  • #349
  • Apr 20, 2006 2:01am Apr 20, 2006 2:01am
Thanks BB for your previous comment on NI and Stoch. Just one more question about our spread sheet P/H and P/H (this is no criticism just clarification on when to enter). I use CSI, downloaded my data at around 11.30pm GMT, but found that the entry level as per/data sheet on some of the pairs for the following day had already been missed by some distance (eg 20-30 pips) on my Neuime MT4 chart.

Also, some entry levels on my sheet had already been met the same day as downloading the data for the following day and had gone. When this happens are these classed as 'no trades' or do we consider what stochistic is doing at the time and enter based on this.

I know these are VP nubie questions but I really want to make this stystem work for me as I work full time.

Thanks in advance BB
  • #350
  • Apr 20, 2006 4:42am Apr 20, 2006 4:42am
Dave1 - ditto. I presume you live in the UK? I can download the CSI data after 10pm GMT but VP will not update until about 11pm.
TRADE FOR SWAP
  • #351
  • Apr 20, 2006 5:36am Apr 20, 2006 5:36am
Hi cgldsmth, yes England. To be sure of getting the correct data i was told to download at 11.30pm gmt.
  • #352
  • Apr 20, 2006 7:23am Apr 20, 2006 7:23am
Quoting Dave1
Hi cgldsmth, yes England. To be sure of getting the correct data i was told to download at 11.30pm gmt.
Hi Guy's,

I also live in the UK (Scotland), and I download the 4:50 EST download from CSI which is 21:50 our time and it is the correct download for the fx spot contracts that are needed to update VP. I used to wait untill 23:30 but there is no need as I contacted CSI directly and this was what they told me.

Just to let everyone know, I have started forward testing BB's set & forget formulas but instead of using the stochastic I am using CP's signal file. I know CP's results have since been declared flawed but I still think the signal file idea is a good one and that we just need to establish the correct way to use it. I will post the results weekly on the forward testing results only thread.

Happy trading everyone

Cheers
FoggyTrader
  • #353
  • Apr 20, 2006 7:24am Apr 20, 2006 7:24am
Hello everyone.....

I've enjoyed all the recent comments and will respond in this e-mail.

lonespuce.....good observation

trinity.....I believe using a data provider that has EOD values that most closely match the EOD from your broker will produce the best results with VP predictions. My observations in the past two months confirm this.

Rocket.....My situation is the same. We NEED this comparison to establish which data provider most closely provides EOD matching FXCM and MT4 broker to get the most from this system.

Dave1 and cgldsmth.....I use discretion in these circumstances based on experience. But my thinking is that if a predcicted value has already been reached and now the currency is moving in the direction indicated by the trade indicator, I will enter the trade using a newly calculated t/p. You will need to practice on a demo before deciding how to handle these situations. There have been times when I immediately entered around 6pm est after preparing my tradesheet and times when I did not. BUT, if you are using a purely mechanical system, you will NOT break the rules and NOT use discretion. You will place your entry orders and wait until the following day to close everything. (as a variation of this, you could make this a 12 hour system, which I have found works quite well. Again, test on a demo and decide what works best for you and your circumstances.)

back to Rocket's comments.....this has not been a great week for strictly mechanical trading. Using discretion at the 12 hour point has produced good results (closing trades before major news at 8:30am est, something I have commented on before)
  • #354
  • Apr 20, 2006 7:30am Apr 20, 2006 7:30am
Quoting foggyTrader
Hi Guy's,

I also live in the UK (Scotland), and I download the 4:50 EST download from CSI which is 21:50 our time and it is the correct download for the fx spot contracts that are needed to update VP. I used to wait untill 23:30 but there is no need as I contacted CSI directly and this was what they told me.

Just to let everyone know, I have started forward testing BB's set & forget formulas but instead of using the stochastic I am using CP's signal file. I know CP's results have since been declared flawed but I still think the signal file idea is a good one and that we just need to establish the correct way to use it. I will post the results weekly on the forward testing results only thread.

Happy trading everyone

Cheers
FoggyTrader
Foggy.......

Great! I was hoping someone would forward test cp's signals as a trade indicator. I'll be looking forward to your results.

The real key to success here is hitting the first predicted value and then trading "away" from that value IN the direction of the current short term trend. Looking at the charts for soooooo long has shown me this is absolutely the best way to trade. Having the best data provider will get us the most accurate p/h and pl. After that, it's a matter of nailing down an accurate trade direction indicator.
  • #355
  • Apr 20, 2006 10:26am Apr 20, 2006 10:26am
Quoting Rocket
I should have Genesis data from Bernadete shortly, within the next few days I will try to provide a data comparison.
.
OK, Rocket.....check your email

Let me know if I can be of further assistance.

Bernadette
  • #356
  • Apr 20, 2006 10:39am Apr 20, 2006 10:39am
Quoting lonespruce
I have a feeling that each provider does have the same data - they just each treat FX differntly as they are not stricktly FX data providers. What I mean is that their open and close times are probably different.

Hey Everyone,

Got a response from Genesis today saying that their Forex data is collected from 22h00GMT to 22h00GMT. Seeing as EST is currently on DST I'm not sure if this means 17hOOEST or 18h00EST as of right now - they did not elaborate.

Anyhow - this means that their EOD data matches up with my broker in terms of time of day, which is positive. Now I'll have to check if their actual numbers are close to my brokers numbers - hopefully

I'm not sure if this is critical information but I thought that I would share anyhow.
  • #357
  • Apr 20, 2006 10:49am Apr 20, 2006 10:49am
Quoting lonespruce
Hey Everyone,

Got a response from Genesis today saying that their Forex data is collected from 22h00GMT to 22h00GMT. Seeing as EST is currently on DST I'm not sure if this means 17hOOEST or 18h00EST as of right now - they did not elaborate.

Anyhow - this means that their EOD data matches up with my broker in terms of time of day, which is positive. Now I'll have to check if their actual numbers are close to my brokers numbers - hopefully

I'm not sure if this is critical information but I thought that I would share anyhow.
thanks lonespruce......

the most important piece of info is how close Genesis EOD is to broker EOD. please let us know what you find out
  • #358
  • Apr 20, 2006 10:50am Apr 20, 2006 10:50am
would someone please send me the Genesis data..........
  • #359
  • Apr 20, 2006 11:45am Apr 20, 2006 11:45am
Hi all,

Been following the thread big thanks to everyone. I use Genesis so if you need data please let me know what you want. Very new to the game and computers so be nice will not take offence by sucking eggs

Megajester
  • #360
  • Apr 20, 2006 12:05pm Apr 20, 2006 12:05pm
thank you, thank you, thank you.........

to everyone who pm'd me offering Genesis data

bernadette sent it to Rocket who sent it to me.......now it's crunch time!
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