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Nb 10.0 range trading system

  • #361
  • Feb 15, 2012 11:27am Feb 15, 2012 11:27am
@nanningbob:
And I keep looking where you enter the trade, just notice that it use bots. Not an offense, but actually I am not into EA. Setting that aside what I understand is that you use two 1H MA and if the prices goes out the fast/shorter period MA when the short period MA above the long period MA then enter a short position.

If I trade this manually, do I enter when the prices pass through the line or when the candle close. If it's when the candle close it would be convenience to trade this way because we only need to check every hour when the candle close.

Thanks in advance.
  • #362
  • Feb 15, 2012 4:33pm Feb 15, 2012 4:33pm
Quoting Passerby
@nanningbob:
And I keep looking where you enter the trade, just notice that it use bots. Not an offense, but actually I am not into EA. Setting that aside what I understand is that you use two 1H MA and if the prices goes out the fast/shorter period MA when the short period MA above the long period MA then enter a short position.

If I trade this manually, do I enter when the prices pass through the line or when the candle close. If it's when the candle close it would be convenience to trade this way because we only need to check every hour...
10.1 is a manual system that uses pending orders. 10.0 uses EAs to place orders when you see certain conditions exist. After the EA places the order you manage the trade. Now unless you want to sit at your screen all day looking for the perfect entrance you can use EAs. That is what I use them for. Now if you dont want to use EAs you can use pending orders which are nothing more than an EA used by the dealer. Yes it is an EA. A computer program places your order when price crosses some line on your screen. My EAs do the same thing, place an order when price crosses a line on your screen. Now if you are so anti EA that you wont use pending orders then your alternative is to sit in front of a screen all day waiting to place an order by pushing a button. I have better things to do. Sorry if this came across a little harsh but I get tired of the crowd that criticizes EAs but then uses pending orders which is the same thing just different location of the computer.
  • #363
  • Feb 15, 2012 9:22pm Feb 15, 2012 9:22pm
Quoting nanningbob
10.1 is a manual system that uses pending orders. 10.0 uses EAs to place orders when you see certain conditions exist. After the EA places the order you manage the trade. Now unless you want to sit at your screen all day looking for the perfect entrance you can use EAs. That is what I use them for. Now if you dont want to use EAs you can use pending orders which are nothing more than an EA used by the dealer. Yes it is an EA. A computer program places your order when price crosses some line on your screen. My EAs do the same thing, place an order...
Sorry if I offense you in any way. If your EA works like pending order, I think it's okay. After read your post, I look into your EA and doing some backtest. I used to play online games using bot for a few year and somehow I understand a bit to configure your EA. I attach some result from your EA on USDCAD.

PS: I run your EA without concerning the trend, so it'll buy even in down trend.
Attached Image (click to enlarge)
Click to Enlarge Name: High Low 4h -15 buy usdcad.gif Size: 8 KB
Attached File(s)
File Type: rar High Low 4h -15 buy usdcad.rar   27 KB | 400 downloads
  • #364
  • Feb 15, 2012 10:18pm Feb 15, 2012 10:18pm
Quoting Passerby
Sorry if I offense you in any way. If your EA works like pending order, I think it's okay. After read your post, I look into your EA and doing some backtest. I used to play online games using bot for a few year and somehow I understand a bit to configure your EA. I attach some result from your EA on USDCAD.

PS: I run your EA without concerning the trend, so it'll buy even in down trend.
I believe EAs work if you manage them. In other words play babysitter. I use them when I see a set up I like and then turn the EA on to take the trade. Better than sitting at the screen all day. My point on pending orders is a computer program takes the trade when price hits the line or point you want. EAs do the the same thing. From studying charts and EAs I discovered that most ideas for EAs are profitable is you babysit them. I have an EA I am testing now that backtest a 80%+ win ratio but you need to take out the occasional losers manually. If you do this then the EA will work.
  • #365
  • Edited 11:23pm Feb 15, 2012 11:01pm | Edited 11:23pm
Quoting nanningbob
I believe EAs work if you manage them. In other words play babysitter. I use them when I see a set up I like and then turn the EA on to take the trade. Better than sitting at the screen all day. My point on pending orders is a computer program takes the trade when price hits the line or point you want. EAs do the the same thing. From studying charts and EAs I discovered that most ideas for EAs are profitable is you babysit them. I have an EA I am testing now that backtest a 80%+ win ratio but you need to take out the occasional losers manually....
If you are configuring EA, I think the one which should advance to the forward test is the one which give less drawdown not the one with biggest profit. I think avoiding risk came first, I choose configuration that give less drawdown.

I attach the complete result. I found an interesting fact that currency pair moves differently in a downtrend and in an uptrend. As you can see, the period that I use start at higher price point relative to the point when it ends. But the result is that buy strategy overall gave less drawdown(risk) and bigger profit. The buy EA strive in a downtrend and in an uptrend, but the sell EA strive only in a downtrend while it survive in an uptrend(the profit graph flat). The first graph I attach is the buy EA balance the second one is the sell EA, the period I used is in the third graph.

Add: I had a weird result using the same setting for EURUSD and GBPUSD pairs, the drawdown is somehow too low and the profit is too big. The period used is longer from 2006 which is three times the period of test in USDCAD. The chart attached in the bottom.

Add2: I think it happened maybe because the lower spread on those pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: High Low 4h -10 buy usdcad.gif Size: 8 KB
Click to Enlarge Name: High Low 4h -10 sell usdcad.gif Size: 9 KB
Click to Enlarge Name: Test Period.png Size: 33 KB
Click to Enlarge Name: High Low 4h -10 buy eurusd.gif Size: 8 KB
Click to Enlarge Name: High Low 4h -15 sell eurusd.gif Size: 8 KB
Attached File(s)
File Type: rar EA result.rar   155 KB | 319 downloads
File Type: rar EA weird.rar   318 KB | 366 downloads
  • #366
  • Feb 16, 2012 4:31am Feb 16, 2012 4:31am
Quoting nanningbob
I believe EAs work if you manage them. In other words play babysitter.
What you said is proved in my backtest. Further looking at CTR H1 result and comparing them to daily chart, I understand that what you said in 10.0 booklet help to avoid some of the big looser trades. What I notice is when open price above/under the two MA using CTR H1 could lead to a big loss.

BTW, I do a small modification to your EA. To trigger a trade the difference of the two MA should be at least 9 and the entry is 9 pips earlier. By limiting a trade with 9 pips difference on the two MA you got less trade, and by entering 9 pips between the fast MA makes you trade more. Overall the trade is 20% - 30% less than the original EA but average profit are bigger.

The downside of the backtest is I couldn't change the entry size(lot size) according to balance size. When your account grew you keep gaining/losing same amount of profit/loss. This could be seen in the balance chart, the longer it runs the lesser the slope. The strenght is your system in a backtest is the use of a non repainting indicators, well at least not after the candles close. I use every tick from M1 to simulate a real time trading, it takes longer and the data period is shorter but the result are more valid.

I use 1 lot because it's easier to see how much your profit/loss as 1 pips in 1 lot trade is $10.

PS: Right now I'm playing with your trending EA. I haven't take look deeper how day to day trade in the result I post earlier.
  • #367
  • Feb 16, 2012 10:07am Feb 16, 2012 10:07am
Quoting Passerby
What you said is proved in my backtest. Further looking at CTR H1 result and comparing them to daily chart, I understand that what you said in 10.0 booklet help to avoid some of the big looser trades. What I notice is when open price above/under the two MA using CTR H1 could lead to a big loss.

BTW, I do a small modification to your EA. To trigger a trade the difference of the two MA should be at least 9 and the entry is 9 pips earlier. By limiting a trade with 9 pips difference on the two MA you got less trade, and by entering 9 pips...
Well keep up the good work and hopefully you will improve the system. Thank you for your input.
  • #368
  • Feb 20, 2012 12:58pm Feb 20, 2012 12:58pm
For the next testing period, I have adjusted the EA to try and simulate the entries I was doing manually, which looked more optimized than the current 1H CTR. Here are the parameters for the entry:

- 3MA is above/below BB
- Price has moved back below/above BB
- Daily ATR is at 75% or more of ATR 14.

From my last post, I believe I have the EA working now with the above modified criteria from CTR 1H and now ready for a demo testing run. Below is a screenshot of the first trade on the account and I marked the entry location of both. Looks like the above version on this one would have improved by about 13-15 pips. The interesting thing to evaluate over the two month or so is how many trades will it take with the ATR criteria compared to the current CTR 1H. However, from the looks of the chart, it seems to handle a nice run pretty well. Here is the link to the myFXbook account, which I created for this next run if you want to follow along.

https://www.myfxbook.com/portfolio/e...gu-fade/248350

Best of trading to you all.

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 2-20-12.jpg Size: 88 KB
  • #369
  • Feb 21, 2012 2:50pm Feb 21, 2012 2:50pm
Hi George,

The url you gave can not be visited without login data.

I would like to trade range trading system manually. What are the indi's used for that and the rules to go by?

Regards,

Ben
  • #370
  • Feb 24, 2012 5:31am Feb 24, 2012 5:31am
Hi George,

Could you please explain how the ATR is used in the chart; I mean, how do you plot this in the chart (Daily ATR is at 75% or more of ATR 14), so that it can be used in manually trading?

Thanks.
  • #371
  • Feb 24, 2012 2:33pm Feb 24, 2012 2:33pm
Quoting Passerby
If you are configuring EA, I think the one which should advance to the forward test is the one which give less drawdown not the one with biggest profit. I think avoiding risk came first, I choose configuration that give less drawdown.

I attach the complete result. I found an interesting fact that currency pair moves differently in a downtrend and in an uptrend. As you can see, the period that I use start at higher price point relative to the point when it ends. But the result is that buy strategy overall gave less drawdown(risk) and bigger profit....

Hi Passer, would you be willing to share the EAs that you have made changes to. Thanks!
  • #372
  • Feb 24, 2012 3:37pm Feb 24, 2012 3:37pm
Quoting campco
Hi George,

The url you gave can not be visited without login data.

I would like to trade range trading system manually. What are the indi's used for that and the rules to go by?

Regards,

Ben
Ben,

I am having an issue with the myFXbook systems I have set-up. Some are set private and some public. For some reason it is blocking all. So, what I did for this test run is set up a trade explorer here on FF. If you go to my homepage you will be able to see it there. It is called E/G CTR 1H. I am testing another EA on the G/U and that is different. Only the E/G trades apply to the CTR 1H.

The indicators are all the same as Bob's CTR 1H, except I added the ATR function and moved the trigger point of the trade when the price comes back into the BB vs. when it exits outside the BB. Below is the criteria for a trade.

Indicators:

Moving Average, Period = 3, Shift = 0, MA Method = Linear Weighted, Apply to = Low (blue line on chart)

Moving Average, Period = 3, Shift = 0, MA Method = Linear Weighted, Apply to = High (purple line on chart)

Bollinger Bands, Period = 20, Shift = 0, Deviations = 2

PivotsD_v5, I only use this indicator for the info box in the upper left corner which shows daily range (ATR), 14 day ATR, spread, etc. It does alot more with pivot lines, etc. but I set those with the background color because I don't use them.

Entry Rules

1. Price and 3MA must break above BB

Then

2. When price crosses back into BB AND Daily Range (ATR) > 75% of ATR 14 - Take the trade

Exit Rules

Start with 30 pip TP and adjust with S/R. I don't use the other side of the band as an exit.

So, if you look at the enclosed chart in the upper left corner, the ATR 14 is 54.2 Pips. 75% of 54.2 is 40.7 Pips. That means we will not take a trade until the daily range of the pair has reached a range of 40 Pips. The idea here with this criteria is to let the pair get almost to full range, then hopefully come back in the range for a trade. It also protects you against those times where the band is tight and then takes off. Instead of taking the entry at only 20 Pips of range, it waits until 40. The testing will prove if this is really effective and can help improve entries for better pips per trade.

Now, out of all the trading in the summer and this winter, the last trade on EUR/GBP is now requiring recovery. We will see how this goes and I will continue to take shorts trades as they emerge with the EA.

Enclosed is a template which shows all the indicator set-up and the PivotsD.

Hope all that answers your questions. Good trading to you...

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 2-24-12.jpg Size: 83 KB
Attached File(s)
File Type: tpl 10.0 1h ctr w-atr.tpl   9 KB | 290 downloads
File Type: mq4 PivotsD_v5.mq4   32 KB | 276 downloads
  • #373
  • Feb 27, 2012 5:16am Feb 27, 2012 5:16am
Here is a current example. In this case price and 3MA have broken past the BB. The current range is 39 and 14 day is 49, so we are greater than 75% on the day. Now, you just wait for price to break back thru the BB. Right now that would be >0.8453. I will update when the trade would be executed.

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 2-27-12.jpg Size: 87 KB
  • #374
  • Feb 27, 2012 6:27am Feb 27, 2012 6:27am
Here is the chart showing the actual entry once price came over the BB. Entry was taken one candle later at 0.8449.

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 2-27-12 - entry.jpg Size: 81 KB
  • #375
  • Mar 2, 2012 11:31am Mar 2, 2012 11:31am
With the help of FF and their trade explorer product, here is the url to link directly to the account of this test:

http://www.forexfactory.com/george*adams#88

I am testing a couple different strategies with this explorer, so only the EUR/GBP trades apply to this EA and test. One nice feature they have is to link directly to specific trades. Below are links to the first 3 trades, which were tough due to the run the EUR/GBP took, but pulled back in for some profits. 2 shorts were profitable and 1 long was breakeven. Hopefully, that run is behind us, which out of about 80-100 trades this summer (live) and test 1 (demo), this was the first one which I did take a second position as then entry presented itself.

http://www.forexfactory.com/george*a...+trade26388959
http://www.forexfactory.com/george*a...+trade26201833
http://www.forexfactory.com/george*a...+trade27081647

In terms of the entry, I liked where we entered and the EA seems to be entering at the correct spot. Hopefully we will get 4-5 trades per week going forward and generating some nice results.

Hope this enclosed info is helpful.

George
  • #376
  • Mar 16, 2012 7:33pm Mar 16, 2012 7:33pm
Quoting nanningbob
Hedging to wait until you have winners will have its drawbacks, I think, when the markets go trending this fall. You could have a news story that makes every trade hedge. You then dont have any pairs to profit yourself out of your hedges. However, if you wait for the counter trade you have less DD to deal with.
Bob, surely the initial DD will be 2-3x higher if the losses on the pairs go to hundreds of pips each if you dont hedge?

AND if after hedging you have no pairs left to profit from, you can always decide to close out the profitable leg when the trend is running out of steam.

So you have a choice and in the meantime you are limiting your losses.
Is this not the best of both worlds?
  • #377
  • Mar 16, 2012 7:48pm Mar 16, 2012 7:48pm
Quoting yonnie
Bob, surely the initial DD will be 2-3x higher if the losses on the pairs go to hundreds of pips each if you dont hedge?

AND if after hedging you have no pairs left to profit from, you can always decide to close out the profitable leg when the trend is running out of steam.

So you have a choice and in the meantime you are limiting your losses.
Is this not the best of both worlds?
Of course the key to hedging is undoing the hedge. I think 10.0 gives good signal as to when to undo it. Because I am in the USA I cant hedge anymore so I am not as proficient at it as I wish I could be. I would prefer taking a hedge over a big loss though. Hedge allows me to take a time out and plan a strategy.
  • #378
  • Edited Mar 17, 2012 12:28am Mar 16, 2012 10:07pm | Edited Mar 17, 2012 12:28am
Quoting nanningbob
I have a theory of hedging and had a hedging demo trades going before the USA changed. The great part is I could trade with much larger lot sizes and my gains were quite large. I didnt need to watch fundamentals. I just needed to do a buy and a sell. When the USA market was done and prices were ranging I took out the profit at its high or low and let the other retrace and with a CT trade.

------The size of the CT trade was dependent on the move for the day.-----
...
Bob, you mean the size was dependent on how much the loss was on the hedged trade?

How much larger was the lot size of your normal trades if you can hedge?

thank you
  • #379
  • Mar 16, 2012 11:30pm Mar 16, 2012 11:30pm
Quoting nanningbob
...Because I am in the USA I cant hedge anymore so I am not as proficient at it as I wish I could be. I would prefer taking a hedge over a big loss though. Hedge allows me to take a time out and plan a strategy.
You can hedge but it is much more hassle and you need more capital. In theory you can have two accounts with criminal like ibfx and use one of the accounts for the hedge trades, you can transfer funds instantly between the two. BUT and it is a big BUT, you need more capital since you do not benefit from the offsetting of the margins.

I hope they reverse this absurd law as soon as possible (highly unlikely). The only people it serves is the futures criminals. Imagine if tomorrow a Country like Saudi Arabia passes a law stating that legal action would be taken against anyone selling alcohol to their citizens anywhere in the world. There would be worldwide outcry! What this law does is exactly the same thing...

Kind Regards
  • #380
  • Mar 17, 2012 12:22am Mar 17, 2012 12:22am
Quoting yonnie
Bob, you mean the size was dependent on how much the loss was on the hedged trade?

thank you
I am not sure what you are asking. Do you mean lot size? There comes a time when you must undo the hedge and go with a break even trade on the losing side. That is what I was talking about.
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