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Simple Forex CobraSystem Thoughts Please?

  • #121
  • Mar 19, 2012 6:13pm Mar 19, 2012 6:13pm
Quoting astral77
Hi
I would be very grateful if you could elaborate more and tell us why you think this system is a waste of time. Maybe it is, may be it is not. If it is then we can get on with other things. As far as I can see this is basically a MA Cross system with ADX filter. We all agree it is missing a vital component such as S&R or pivot lines etc.
astral77, I don't even have to explain anything because you made my point for me!

If MA cross systems work, we all would be millionaires in no time!

I can create 10-12 systems like this one in a couple of hours: a MA Cross with Stoch filter, a MA Cross with AO filter, A MA Cross with MACD filter etc.

The author is a scammer, but he is a smart scammer, he understands, that people are sick and tired of the 10+ indicators' systems, so he shows something very simple. But at the same time he doesn't want the customers to understand that it is just a MA Cross system with a filter, so he uses 6 MAs instead of 2 MAs (and for the same reason he explains that "72 - it is 3 days" What is so important about 3 days? Why not 2 or 4 days?). And visually it looks really good, visually it looks "solid"!

When I look at the H1 charts, I saw that so called "filter" doesn't help us during the flat. I also saw that the 72 MAs filter out a whole bunch of good trades and don't prevent any bad trades either.

And when I read that the author's website is down... Do I have to say more???
Gentlemen always play by the rules. If they can't, they change the rules.
  • #122
  • Mar 19, 2012 6:21pm Mar 19, 2012 6:21pm
Quoting Favorite
Now seriously.
I wasn't Big E's follower, I adapted his TMS system, refined it, fine tuned it, made it to fit my trader's style, ...
And I'm not Alorente's follower either! The same thing: I went to another forum, discussed the issues with several very good traders, tested, re-tested, changed and refined the system so it would fit my trader's style, my MM and my trader's views. And again, my modified system is a real money-maker (and my template doesn't look like a Xmas tree, and I use locking 20 pips instead of recovering 100 pips, and dozens...
Fine, then I just don't see why you have this desire to attack my thread or people who have similar opinions when it's nothing else than a funny description of how 99% of these FF systems evolve. The fact that you CHANGE the systems (apparently even their core components) and the fact that you go to ANOTHER forum proves that you probably see the same things that I see.

I'll leave it at that, I don't want to spam this topic. End of off-topic for me.
  • #123
  • Mar 19, 2012 6:25pm Mar 19, 2012 6:25pm
Quoting LazyPawn
Fine, then I just don't see why you have this desire to attack my thread or people who have similar opinions when it's nothing else than a funny description of how 99% of these FF systems evolve. The fact that you CHANGE the systems (apparently even their core components) and the fact that you go to ANOTHER forum proves that you probably see the same things that I see.

I'll leave it at that, I don't want to spam this topic. End of off-topic for me.
I wanted to answer and I do have very good point, but since it is "the end of off-topic" for you - then OK, it is the end of off-topic for me too.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #124
  • Edited Mar 20, 2012 7:45am Mar 19, 2012 9:19pm | Edited Mar 20, 2012 7:45am
Hi Guys,

I'm going to go ahead and post my EA now. It should be ready for testing. I will try to create a document later to explain the settings. The parameters are pretty standard. The main thing to remember is you can trade the trend and/or counter trend. Good luck. I'm going to bed now. So go ahead an post your questions and I will try to get to them tomorrow. Thanks!
Attached File(s)
File Type: mq4 TCO_Cobra.mq4   58 KB | 353 downloads
  • #125
  • Mar 20, 2012 3:00am Mar 20, 2012 3:00am
Hallo!

Here's a comparison auf H1, H4 and D1 of AUD/USD 5 Minutes before London open... what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_200312_0855.jpg Size: 245 KB
  • #126
  • Mar 20, 2012 4:40am Mar 20, 2012 4:40am
Quoting TallCoolOne
Hi Guys,

I'm going to go ahead and post my EA now. It should be ready for testing. I will try to create a document later to explain the settings. The parameters are pretty standard. The main thing to remember is you can trade the trend and/or counter trend. Good luck. I'm going to bed now. So go ahead an post your questions and I will try to get to them tomorrow. Thanks!
Thanks TCO.
I will try it in about 8 hrs when I go home. Thanks a lot.
  • #127
  • Edited 7:32am Mar 20, 2012 7:30am | Edited 7:32am
Thanks Anu. I hope your testing goes well. I'm still back testing each pair and it goes slowly using tick data.

This is what i would suggest. First test with AllowTrendTrade = true only. This is close to the original strategy.

Then I would test with AllowCounterTrade = true only.

Then test with both set to true.

I have been doing this and optimizing trailing stop, and atr stop.

I think the 4 hour TF looks best, but I plan on testing 15M, 30M, 1H and 4H.

Some pairs may do better on different TFs.

I also found a tool online called the Walk-Forward Analyzer. You can download it and it has a 14 day trial period. I think the purchase price is $30, so that is not too bad. It is a pretty cool tool. It lets you specify an optimization period and testing period and it will walk forward in time running multiple optimization/tests cycles. It produces nice reports so you can see how the optimizations worked out in the following test period. This is an eye opener in regards to the optimizing/testing struggle that we all go through. Google it and you should be able to find it pretty easy. They have a nice video on their website to show you how to get it all setup. Pretty straight forward.

The TCO Cobra EA is on Post #124 for those of you who would like to test it. Thanks.
  • #128
  • Mar 20, 2012 7:47am Mar 20, 2012 7:47am
Hi Guys,

I updated the EA in post #124. I had some silly print statements in the code.
  • #129
  • Mar 20, 2012 8:26am Mar 20, 2012 8:26am
Quoting TallCoolOne
Hi Guys,

I updated the EA in post #124. I had some silly print statements in the code.
Thanks TCO.
I already have the WFA. I have been using it for some time now to optimise my own EAs etc. :-) But thanks for mentioning it as others can benefit from it too.

I will let you know the results. I have not seen your EA yet but by any chance does it have the option to use a fixed PT? I have a feeling that if you trade H4 with a fixed PT this is bound to give some profits without trailing the price.
  • #130
  • Mar 20, 2012 8:35am Mar 20, 2012 8:35am
Hi Anu,

Did you mean fixed TP. I have fixed TP and SL. You can turn off the jump stop, breakeven and trailing stop losses. You can close trades per the original Cobra exit strategy. Not sure these are all working exactly as they should, but should be close. Thanks
  • #131
  • Mar 20, 2012 8:46am Mar 20, 2012 8:46am
Quoting TallCoolOne
Hi Anu,

Did you mean fixed TP. I have fixed TP and SL. You can turn off the jump stop, breakeven and trailing stop losses. You can close trades per the original Cobra exit strategy. Not sure these are all working exactly as they should, but should be close. Thanks
Brilliaint stuff.
Sorry, yes, I did mean the takeprofit levels.
Can't wait to try this tonight.
So far, what do you see in your back testing ? good or bad?
  • #132
  • Mar 20, 2012 8:50am Mar 20, 2012 8:50am
Quoting Anu_
Brilliaint stuff.
Sorry, yes, I did mean the takeprofit levels.
Can't wait to try this tonight.
So far, what do you see in your back testing ? good or bad?

So far on the 4H charts. The EURUSD, looks good as trend only. I'm getting close to a 2.0 in profit factor with a 15 - 25 trailing stop. That is backtest from 2010/01/10 to present. I'm not using the WFA yet. But I will when I get my arms around what seems to work and what doesn't.

The GBPUSD on 4H charts seems to do pretty good counter trend trading. I'm getting a 1.75 profit factor with a 5 -5 trailing stop.

I know these aren't super stellar. But what is?

On we go.
  • #133
  • Mar 20, 2012 9:56am Mar 20, 2012 9:56am
Quoting Favorite
astral77, I don't even have to explain anything because you made my point for me!

If MA cross systems work, we all would be millionaires in no time!

I can create 10-12 systems like this one in a couple of hours: a MA Cross with Stoch filter, a MA Cross with AO filter, A MA Cross with MACD filter etc.

The author is a scammer, but he is a smart scammer, he understands, that people are sick and tired of the 10+ indicators' systems, so he shows something very simple. But at the same time he doesn't want the customers to understand that...
With the above, I have a feeling you got to be a trading expert. Hope you can open a new thread and share your MA trading method?
  • #134
  • Mar 20, 2012 7:18pm Mar 20, 2012 7:18pm
Quoting TallCoolOne
...I know these aren't super stellar. But what is?
On we go.
This is what we like something which is nice and steady, if first day of first version is super stellar it may fall just as spectacularly.

I loaded the EA on 8 random charts 1hour with dnamic MM. Had 4 trades 3 winners and 1 loser. Pip wise the account is in profit, money wise due to dynamic MM it is in negative territory. So over all not bad. Although there may be a bug in the EA. Please have a look at the attached pdf. The losing short chfjpy trade was not executed according to the rules. Have I done something wrong or is there a bug in the EA?

By the way if some people are here for the first time this is NOT a MA Cross system. The MA Cross and the price in relation to the MAs is for determining the trend direction and not as a trigger for the trades. LOOKS GOOD THUS FAR.

Thanks very much for your hard work.

Kind regards
Attached File(s)
File Type: pdf cobra 20 march.pdf   328 KB | 577 downloads
  • #135
  • Mar 20, 2012 8:06pm Mar 20, 2012 8:06pm
Quoting astral77
This is what we like something which is nice and steady, if first day of first version is super stellar it may fall just as spectacularly.

I loaded the EA on 8 random charts 1hour with dnamic MM. Had 4 trades 3 winners and 1 loser. Pip wise the account is in profit, money wise due to dynamic MM it is in negative territory. So over all not bad. Although there may be a bug in the EA. Please have a look at the attached pdf. The losing short chfjpy trade was not executed according to the rules. Have I done something wrong or is there a bug...
Hi Astrall,

I'm having a tough time from the PDF determining if you had a long/short. If that was a short. I would suggest turning off counter trend.

AllowCounterTrade = true;


Also, I would set the UseSLforMax = false. It uses the current stop loss for each trade in the DDSMM calculation if set to true. I would use the default 100 for the calculation by MaxStopLoss = 100; and it should smooth out the lot sizes. Thanks!
  • #136
  • Mar 20, 2012 8:24pm Mar 20, 2012 8:24pm
Quoting TallCoolOne
Hi Astrall, I'm having a tough time from the PDF ...
Thanks very much. It was a short. But your guess was right it have counter trend TRUE. Sorry for my mistake.

I have no clue when it comes to coding, but I was wondering if it is not too difficult is it possible to have an email alert. This is not urgent nor crucial. The reason for this is because there is no such a thing as a set and forget EA. Once a trade is initiated by the EA the trader should keep an eye on and intervene if need be. This is crucial when trading live and not so much in demo trading.

Kind Regards
  • #137
  • Mar 21, 2012 1:10am Mar 21, 2012 1:10am
Quoting Favorite
astral77, I don't even have to explain anything because you made my point for me!

If MA cross systems work, we all would be millionaires in no time!

I can create 10-12 systems like this one in a couple of hours: a MA Cross with Stoch filter, a MA Cross with AO filter, A MA Cross with MACD filter etc.

The author is a scammer, but he is a smart scammer, he understands, that people are sick and tired of the 10+ indicators' systems, so he shows something very simple. But at the same time he doesn't want the customers to understand that it...

Thankyou Favourite, I am grateful for you explanation, I was excited about this new thread, then I became confused, but your commentary clears it up for me. Would you be willing to share the system you have developed while you have been with TMS. I did post a personal message to you.
  • #138
  • Mar 21, 2012 3:45am Mar 21, 2012 3:45am
Hi Nooseville

This system is not a scam. It's also not an MA Cross system. It remains to be seen if it can be traded with an EA though.
  • #139
  • Mar 21, 2012 4:07am Mar 21, 2012 4:07am
Hi Astral77,
Your chfjpy trade in pdf is not a valid trade.
The second candle also has to be in the same colour ( green) and also its open/close values should clear the blue zone completely if you were to enter.
I don't see this entry meeting either of these rules.
  • #140
  • Edited 5:29am Mar 21, 2012 5:19am | Edited 5:29am
Quoting Anu_
Hi Astral77,
Your chfjpy trade in pdf is not a valid trade.
The second candle also has to be in the same colour ( green) and also its open/close values should clear the blue zone completely if you were to enter.
I don't see this entry meeting either of these rules.
I zoomed in the PDF and looked at the bars closer.
I think the 1st bar opened in the blue zone and closed above the blue zone. The 2nd bar opened and closed above the blue zone and the close was higher than the open.
The 2nd bar however, was a reversing candle pattern, so the original trend strategy would have rejected this entry.
I believe that Astral had the AllowCounterTrend = true, so it entered a counter trend trade there.
I should have released the EA with the original strategy default entries.
Here is the EA with the original strategy settings.
My apologies. Also, I will get the instructions document out as soon as I can. Sorry for the delay.
Thanks - TCO>
Attached File(s)
File Type: mq4 TCO_Cobra.mq4   58 KB | 378 downloads
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