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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

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Invictus

  • #3,821
  • Feb 11, 2012 11:35am Feb 11, 2012 11:35am
Quoting Udine
4. HH/LH/LL/HL
Hi Udine,

Mind explaining that one? Thanks.
  • #3,822
  • Feb 11, 2012 11:58am Feb 11, 2012 11:58am
Quoting Charles1
Hi Udine,

Mind explaining that one? Thanks.
there you go,that's great post which will explain to you difference between signals you should take and those you must avoid.
btw,its worth reading the whole thread...I read it 4 times personally.But it's just me,may be you will get all the stuff straight away

http://www.forexfactory.com/showthre...45#post4356445
  • #3,823
  • Feb 11, 2012 12:33pm Feb 11, 2012 12:33pm
Quoting iamcereal
there you go,that's great post which will explain to you difference between signals you should take and those you must avoid.
btw,its worth reading the whole thread...I read it 4 times personally.But it's just me,may be you will get all the stuff straight away

http://www.forexfactory.com/showthre...45#post4356445
I thought Udine didn't trade with pivots anymore?

EDIT: Actually, I figured out (I think) what he meant by HH/LH/LL/HL. It's basically the 1-2-3 pattern that I'm already using.
  • #3,824
  • Feb 12, 2012 1:57am Feb 12, 2012 1:57am
Thanks for sharing udine
  • #3,825
  • Feb 12, 2012 8:45am Feb 12, 2012 8:45am
Pm'd you sir....


TIA
Lionsden
  • #3,826
  • Feb 12, 2012 9:09am Feb 12, 2012 9:09am
Quoting iamcereal
that's mostly what the holy grail consist of -)))

By the way,since you abandoned pivots how do you find support and resistance areas?I know that everyone sees them differently.Would really appreciate to find out how do you find yours.
I'm not Udine lol, but I'll chime in here with my 2cents.

I have pivots but don't trade with them, merely to see how price has been moving for that day. My S/R lines are drawn from a weekly, Daily, and 4H chart at the beginning of the week (probably a sunday or even saturday when I have time). You'd be surprised at how well the levels you plot are respected during the week. Of course you need a basic understanding of how to draw S/R levels/zones but if you've got the basic idea you're golden. Kept me out of a few bad trades even with all the choppiness this week.
  • #3,827
  • Feb 12, 2012 8:56pm Feb 12, 2012 8:56pm
Quoting Indrek
After some visual backtest I may say that these two points are the key of the system
I will trade the system on Monday with smaller lots and we will see. I never waste time on demo trading, best forward testing can be done with real money but smaller risk, in this case maybe even only 0.1-0.2 lots.
One more idea: isn't it better to use hidden SL and TP with this system? Very often SL is almost being hit, so better to not show anything to the br*ker.

Indrek,

"One more idea: isn't it better to use hidden SL and TP with this system? Very often SL is almost being hit, so better to not show anything to the br*ker."

Good idea, I will look into this and see if I canadd this to my scripts.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,828
  • Feb 12, 2012 11:07pm Feb 12, 2012 11:07pm
Morning guys, GL this week; hoping for some better trades now that this Greek news is out and digested.

Happy pipping!
  • #3,829
  • Feb 12, 2012 11:23pm Feb 12, 2012 11:23pm
Quoting Udine
Indrek,

"One more idea: isn't it better to use hidden SL and TP with this system? Very often SL is almost being hit, so better to not show anything to the br*ker."

Good idea, I will look into this and see if I canadd this to my scripts.

Udine
Easy enough to do, to add this to a trade manager, but you want to have some kind of SL and TP visible to the broker just in case of system failure, maybe 30 and 20. I had this issue last week I think, where I placed the trade and the trade manager wasn't doing it's job so I had to do it manually. Then I lost connection to the broker, or maybe it was my internet that was down for a few minutes.
  • #3,830
  • Feb 12, 2012 11:29pm Feb 12, 2012 11:29pm
Quoting ericjschroed
Easy enough to do, to add this to a trade manager, but you want to have some kind of SL and TP visible to the broker just in case of system failure, maybe 30 and 20. I had this issue last week I think, where I placed the trade and the trade manager wasn't doing it's job so I had to do it manually. Then I lost connection to the broker, or maybe it was my internet that was down for a few minutes.

That is easy for you to say, you know how to code

I have to try with copy and paste, and se if it works...

I am thinking along the lines of a kind of "panic" SL which is 10 pips behind my hidden SL. same goes for the TP, maybe 10 pips after the hidden TP.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,831
  • Feb 12, 2012 11:30pm Feb 12, 2012 11:30pm
as usual, the signal on the GU, which was Frankfurt open , not taken.

Green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #3,832
  • Feb 12, 2012 11:42pm Feb 12, 2012 11:42pm
I agree with Gleneagles who said that the ordinary 5/25 ATR filter does not work on 15 min but only m5.
Here is an indicator that I like very much and that works very well especially on m15 chart. With this indicator it is visually very clear when there is enough movement for taking trades.
I have not found a mql4 version of it unfortunately and I even do not understand its settings very well. But default settings give a very good result, so no need to overthink.
Attached File(s)
File Type: ex4 Damiani_volatmeter v3.2.ex4   5 KB | 463 downloads
  • #3,833
  • Feb 12, 2012 11:50pm Feb 12, 2012 11:50pm
Quoting ericjschroed
Easy enough to do, to add this to a trade manager, but you want to have some kind of SL and TP visible to the broker just in case of system failure, maybe 30 and 20. I had this issue last week I think, where I placed the trade and the trade manager wasn't doing it's job so I had to do it manually. Then I lost connection to the broker, or maybe it was my internet that was down for a few minutes.
You just have to run two separate EAs on two separate charts of the same pair. One is ordinary trade manager with open SL, TP, BE, trailing. Another is for hidden SL & TP. Here is one for hiding SL/TP that works very well in parallel with any other EA.
Attached File(s)
File Type: mq4 HIDDEN TP&SL_EA.mq4   3 KB | 503 downloads
  • #3,834
  • Feb 13, 2012 12:00am Feb 13, 2012 12:00am
Quoting Indrek
I agree with Gleneagles who said that the ordinary 5/25 ATR filter does not work on 15 min but only m5.
Here is an indicator that I like very much and that works very well especially on m15 chart. With this indicator it is visually very clear when there is enough movement for taking trades.
I have not found a mql4 version of it unfortunately and I even do not understand its settings very well. But default settings give a very good result, so no need to overthink.
Indrek,

is it correct that when the green line is above the silver, it means maybe the start of a trend and when silver is above, its ranging ??

Udine
Sleep less, live fast, as it aint gonna last
  • #3,835
  • Edited 2:56am Feb 13, 2012 12:02am | Edited 2:56am
Quoting Udine
Indrek,

is it correct that when the green line is above the silver, it means maybe the start of a trend and when silver is above, its ranging ??

Udine
If silver line is above, there is not enough activity on the market. In fact, there is even a text in the indicator saying TRADE or DO NO TRADE
If you look at the indicator then it is easy to see how it matches with our usual understanding of more active periods (market openings etc).

EDIT: Even more effective is, of course, to look at the indicator on 5 min chart. Lower TF falls asleep and wakes up earlier than higher
  • #3,836
  • Feb 13, 2012 12:27am Feb 13, 2012 12:27am
Quoting Udine
Indrek,

is it correct that when the green line is above the silver, it means maybe the start of a trend and when silver is above, its ranging ??

Udine
Good day Udine!
eu +10.
  • #3,837
  • Feb 13, 2012 12:50am Feb 13, 2012 12:50am
when you see a run like this you only wished you entered...

sometimes this happens, but when you just look back in time you will see that most of the times the signals on the market open bar, directly turn into a negative trade.

Just think of rule nr. 1: capital preservation.

Patiently waiting for next signal.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,838
  • Feb 13, 2012 12:52am Feb 13, 2012 12:52am
Quoting pilot62
Good day Udine!
eu +10.

Hi Pilot,


dont know where you got the signal, so post your chart please.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,839
  • Feb 13, 2012 1:11am Feb 13, 2012 1:11am
Yeah I didn't see any eu signal that gave us +10. The one I saw (didn't take because of near resistance level) would have kicked us out at BE if taken.
  • #3,840
  • Feb 13, 2012 2:06am Feb 13, 2012 2:06am
Quoting Indrek
I agree with Gleneagles who said that the ordinary 5/25 ATR filter does not work on 15 min but only m5.
Here is an indicator that I like very much and that works very well especially on m15 chart. With this indicator it is visually very clear when there is enough movement for taking trades.
I have not found a mql4 version of it unfortunately and I even do not understand its settings very well. But default settings give a very good result, so no need to overthink.
Hi Indrek,
Thank you for sharing this indi. You can get a mql4 version of your filter if you follow this link:http://www.trading-team.it/threads/1...-di-lateralita But first you have to register.
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