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Pure & simple Abonacci system

  • #321
  • Apr 16, 2014 4:31am Apr 16, 2014 4:31am
Quoting noob1990
HH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?
It's all in the first post and the PM I replied to.

Steve
  • #322
  • Apr 16, 2014 4:56am Apr 16, 2014 4:56am
Thanks for that HH
  • #323
  • Apr 16, 2014 10:12pm Apr 16, 2014 10:12pm
Quoting hollowhead
{quote} It's all in the first post and the PM I replied to. Steve
Hi Hollowhead,

Did u try to back test the EA with this system? As I do not have idea how to backtest with the rules u hv in this thread, Could you guide me to back test the EA with 122 pips range?

Thanks
  • #324
  • Apr 16, 2014 11:30pm Apr 16, 2014 11:30pm
Quoting noob1990
HH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?
Dear HH,

One last thing,....I know that you like H4 TF very much,...I like it too,...
The last I need to ask you, for the LENGHT, did you always use 1:1 to every MM 100% line ?

For example you will use Lenght 122 pips for NZDUSD even in H4 TF ? While you use Lenght 244 pips for GBPUSD in H4 TF ?

Please kindly explain to me,.....

Thanks,

Budi Dharma
  • #325
  • Apr 17, 2014 12:20am Apr 17, 2014 12:20am
Quoting Paulus
EA I have attached the EA please load and post any questions which will be best anwered by Hollowhead Hollowhead - any concerns or changes required please let me know,I havnt loaded the EA myself yet I have only just received it Here is the list of instructions from coder... ------------------------------------------------ There are two sections of inputs, for buy and sell separately. Buy/Sell Input parameters: Lots – position size Start_Level – fibo level where price movement must start End_Level – fibo level where price movement must end Start_Plus_Minus_Pips...
Thanks Paulus for the EA, I have some error when running this EA, please give some advise to use it properly.
Here are the errors (taken from mt4 journal when running this EA):
2014.04.17 12:06:42.480 Abonacci EA inputs: Lots=0.1; Start_Level=0; Start_Plus_Minus_Pips=0; End_Level=4; End_Plus_Minus_Pips=0; Stop_Loss=64; Take_Profit=129; Break_Even=65; _Lots=0.1; _Start_Level=4; _Start_Plus_Minus_Pips=0; _End_Level=0; _End_Plus_Minus_Pips=0; _Stop_Loss=64; _Take_Profit=129; _Break_Even=65; BaseLine=1.26953; Length=244; Max_Trades=5; Hedging=0; Market_Execution=1; Magic_Number=4466;
2014.04.17 12:06:42.477 TestGenerator: unmatched data error (high value 1.38184 at 2014.04.15 20:00 is not reached from the least timeframe, high price 1.38136 mismatches)
2014.04.17 12:06:42.222 TestGenerator: unmatched data error (low value 1.35973 at 2014.01.08 08:00 is not reached from the least timeframe, low price 1.36280 mismatches)
2014.04.17 12:06:42.222 TestGenerator: unmatched data error (volume limit 5355 at 2014.01.08 00:00 exceeded)
2014.04.17 12:06:42.131 TestGenerator: unmatched data error (high value 1.36737 at 2013.12.06 00:00 is not reached from the least timeframe, high price 1.36678 mismatches)
2014.04.17 12:06:41.119 TestGenerator: unmatched data error (high value 1.30149 at 2013.03.15 00:00 is not reached from the least timeframe, high price 1.30049 mismatches)


Thanks.

  • #326
  • Apr 17, 2014 1:28am Apr 17, 2014 1:28am
Quoting wongsiio
{quote} Hi Hollowhead, Did u try to back test the EA with this system? As I do not have idea how to backtest with the rules u hv in this thread, Could you guide me to back test the EA with 122 pips range? Thanks
I have started backtesting with quite a few variations - results are mixed depending on the pair and time period I choose, but nothing has stuck out to me. This is not exactly suprising though.
  • #327
  • Apr 17, 2014 1:32am Apr 17, 2014 1:32am
Quoting budidharma19
{quote} Dear HH, One last thing,....I know that you like H4 TF very much,...I like it too,... The last I need to ask you, for the LENGHT, did you always use 1:1 to every MM 100% line ? For example you will use Lenght 122 pips for NZDUSD even in H4 TF ? While you use Lenght 244 pips for GBPUSD in H4 TF ? Please kindly explain to me,..... Thanks, Budi Dharma
1:1 is what I favour at the moment, but I am also looking at combining 122 and 156 with pipEASY's millipede approach outlined in in his thread and the PDF I posted yesterday. But I don't think many traders will have the stomach or patience for it
  • #328
  • Apr 17, 2014 1:34am Apr 17, 2014 1:34am
Quoting sijinkwi
{quote} Thanks Paulus for the EA, I have some error when running this EA, please give some advise to use it properly. Here are the errors (taken from mt4 journal when running this EA): 2014.04.17 12:06:42.480 Abonacci EA inputs: Lots=0.1; Start_Level=0; Start_Plus_Minus_Pips=0; End_Level=4; End_Plus_Minus_Pips=0; Stop_Loss=64; Take_Profit=129; Break_Even=65; _Lots=0.1; _Start_Level=4; _Start_Plus_Minus_Pips=0; _End_Level=0; _End_Plus_Minus_Pips=0; _Stop_Loss=64; _Take_Profit=129; _Break_Even=65; BaseLine=1.26953; Length=244; Max_Trades=5; Hedging=0;...

I don't really know anything about the techinical side of EAs etc, but it might be that your MT4 has not got the complete data for pair you are testing. You could try downloading the data again and trying it once more.
  • #329
  • Apr 17, 2014 2:23am Apr 17, 2014 2:23am
Quoting hollowhead
{quote} I have started backtesting with quite a few variations - results are mixed depending on the pair and time period I choose, but nothing has stuck out to me. This is not exactly suprising though.

I would also wanna to backtest the system. Do I have to adjust the variation before i start using the strategy tester to backtest?

I am sorry but could you give me some guidience or procedure for me to do backtest with the EA?
  • #330
  • Apr 17, 2014 2:30am Apr 17, 2014 2:30am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting sijinkwi
{quote} Thanks Paulus for the EA, I have some error when running this EA, please give some advise to use it properly. Here are the errors (taken from mt4 journal when running this EA): 2014.04.17 12:06:42.480 Abonacci EA inputs: Lots=0.1; Start_Level=0; Start_Plus_Minus_Pips=0; End_Level=4; End_Plus_Minus_Pips=0; Stop_Loss=64; Take_Profit=129; Break_Even=65; _Lots=0.1; _Start_Level=4; _Start_Plus_Minus_Pips=0; _End_Level=0; _End_Plus_Minus_Pips=0; _Stop_Loss=64; _Take_Profit=129; _Break_Even=65; BaseLine=1.26953; Length=244; Max_Trades=5; Hedging=0;...

first what currency pair you are attached that EA IF EUR USD YOU NEED TO CHANG
from BaseLine=1.26953 to Baseline - 1.31836
for that the EA GIVE YOU unmatched data error
(THAT WHAT I THINK MAYBE NOT)
I DONT USE EA
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #331
  • Apr 17, 2014 2:37am Apr 17, 2014 2:37am
Quoting wongsiio
{quote} I would also wanna to backtest the system. Do I have to adjust the variation before i start using the strategy tester to backtest? I am sorry but could you give me some guidience or procedure for me to do backtest with the EA?
Paulus has made the EA very flexible.

When in the strategy tester click Expert Properties, then change the fields to what you want, ie where price needs to have come from (Start) where it finishes (This is actually your entry point, TP, SL, BE (0 if you don't have one), you need to do that for both buys and sells, then enter the length and baseline.

With some trial and error it is quite simple.
  • #332
  • Apr 17, 2014 1:26pm Apr 17, 2014 1:26pm
Quoting hollowhead
{quote} Paulus has made the EA very flexible. When in the strategy tester click Expert Properties, then change the fields to what you want, ie where price needs to have come from (Start) where it finishes (This is actually your entry point, TP, SL, BE (0 if you don't have one), you need to do that for both buys and sells, then enter the length and baseline. With some trial and error it is quite simple.
OK i will try. How the results of EA testing with different variation? Can u share some of the results to us? As you said the EA did not show u any surprise, is that still profitable after you backtest?

Thanks
  • #333
  • Apr 17, 2014 2:46pm Apr 17, 2014 2:46pm
Quoting wongsiio
{quote} OK i will try. How the results of EA testing with different variation? Can u share some of the results to us? As you said the EA did not show u any surprise, is that still profitable after you backtest? Thanks
Maybe I just so stupid, but I really dont know how to input the value into the boxes as there are really a lot value to input,

Do you mind to show me how to input the value as the system stated on the first page? I will be appreciated!!!!


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  • #334
  • Apr 17, 2014 3:17pm Apr 17, 2014 3:17pm
Quoting wongsiio
{quote} Maybe I just so stupid, but I really dont know how to input the value into the boxes as there are really a lot value to input, Do you mind to show me how to input the value as the system stated on the first page? I will be appreciated!!!! {image} {image} {image} {image}
OK - below screenshots are for
Long - price comes for 76.4% breaks 23.6% by 5 pips, with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%)
Short - price comes for 23.6% breaks 76.4% by 5 pips (note it is "-5"), with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%).

Attached Image (click to enlarge)
Click to Enlarge Name: EA 1.jpg Size: 159 KB
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: EA 3.jpg Size: 153 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EA 4.jpg Size: 156 KB


Hope that helps

Steve
  • #335
  • Edited 6:39pm Apr 17, 2014 5:50pm | Edited 6:39pm
Quoting sniperdebt
{quote} {quote} NU tried 3 times closed below 76.4% since 10 apr 2014 after new high around 0.87422. based on abonacci & MM the price will be touch zone 0.857xx. I'm still holding my short, break and close below 0.86380 will take this pair to .85736 {image}
Finaly NU reach at 23.6% level(7 days),move SL to 38.2%
ATM NU find the bottom, strong support at 0.854-0.851
new possible target 0.83296

p/s: RBNZ Rate Statement next week
  • #336
  • Apr 18, 2014 7:55am Apr 18, 2014 7:55am
Quoting hollowhead
{quote} OK - below screenshots are for Long - price comes for 76.4% breaks 23.6% by 5 pips, with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%) Short - price comes for 23.6% breaks 76.4% by 5 pips (note it is "-5"), with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%). {image}{image}{image}{image} Hope that helps Steve

Thank you very much Steve!

I did some backtest this afternoon and the results seemed not very encouraging as the result shows not profitability with the system. I use 122 as the length but EUR/USD just dont seem to be the pair to trade with the system. And even recently i am having positive result on forward testing but the past result just dont support it. Btw hows ur result with the backtesting? which pairs or length is the best at the moment? I am encouraging ppl to use martingale but seems this system should be trading with hedging strat or martingale cant just trade standalone as the phases seperate price equally and thats more or less close to grid trading. Anyway I would love to hear some ideas from you!
  • #337
  • Apr 18, 2014 8:55am Apr 18, 2014 8:55am
Quoting wongsiio
{quote} Thank you very much Steve! I did some backtest this afternoon and the results seemed not very encouraging as the result shows not profitability with the system. I use 122 as the length but EUR/USD just dont seem to be the pair to trade with the system. And even recently i am having positive result on forward testing but the past result just dont support it. Btw hows ur result with the backtesting? which pairs or length is the best at the moment? I am encouraging ppl to use martingale but seems this system should be trading with hedging strat...
Like you I've yet to find the right combination of levels and rules that are universally profitable (and I suspect they don't exist)

Like any system - and I mean ANY system, this will be profitable in some environments, and an account killer in others. So picking pairs, and environments is key. Knowing when to trade and when to stay out is important.

I hedge a lot, but it is not easy but it takes a high level of patience, discipline and confidence to unlock hedges. As far as martingale goes, I would never encourage anyone down that route - if the system can only be profitable with martingale, then it is not a good system.

One other way to trade this is as described by pipEasy's Building an equity millipede.
  • #338
  • Apr 20, 2014 7:40am Apr 20, 2014 7:40am
I find the number 515 an interesting number.. 5 by 103.. will be looking to short the Dragon.. next week based on this number also 680 and 1130..just my thinking of course.. I think he uses it a LOT of different ways besides the way he laid down.. just my thoughts like I said..
  • #339
  • Apr 22, 2014 7:54am Apr 22, 2014 7:54am
For those interested you might want to try this EA test

  1. Pick a pair
  2. Pick a year long period to test over
  3. Use length 66 for length (78 for JPY pairs)
  4. Use this years baseline if you can't be bothered to work out the MM levels for your period.
  5. Enter any trade criteria on the EA (I used break of 100% (with price coming from 76.4%/23.6%), SL 33 pips.
  6. Do 5 tests - with the following TP

    1. 33pips (RR 1:1)
    2. 66pips (RR 1:2)
    3. 99pips (RR 1:3)
    4. 132pips (RR 1:4)
    5. 165pips (RR 1:5)


Compare the declining win rate with the profitability.

For those that can't use the EA for whatever reason here's a set of reports.

Attached File(s)
File Type: pdf Strategy Tester_ Abonacci EA 1-1 EU 2010.pdf   240 KB | 1,090 downloads
Attached File(s)
File Type: pdf Strategy Tester_ Abonacci EA 1-2 EU 2010.pdf   237 KB | 797 downloads
Attached File(s)
File Type: pdf Strategy Tester_ Abonacci EA 1-3 EU 2010.pdf   238 KB | 794 downloads
Attached File(s)
File Type: pdf Strategy Tester_ Abonacci EA 1-4 EU 2010.pdf   237 KB | 776 downloads
Attached File(s)
File Type: pdf Strategy Tester_ Abonacci EA 1-5 EU 2010.pdf   237 KB | 1,048 downloads
  • #340
  • Apr 22, 2014 8:14am Apr 22, 2014 8:14am
Quoting hollowhead
For those interested you might want to try this EA test Pick a pair Pick a year long period to test over Use length 66 for length (78 for JPY pairs) Use this years baseline if you can't be bothered to work out the MM levels for your period. Enter any trade criteria on the EA (I used break of 100% (with price coming from 76.4%/23.6%), SL 33 pips. Do 5 tests - with the following TP 33pips (RR 1:1) 66pips (RR 1:2) 99pips (RR 1:3) 132pips (RR 1:4) 165pips (RR 1:5) Compare the declining win rate with the profitability. For those that can't use the EA...
Here's what is likely to happen..
1. Only a few people will look at this (a set of reports is not as interesting as a colourful new indicator!!)
2. Of those that look into it, some will 'see' what it actually means
3. Of those only a few will incorporate the principle into their trading.
4. Only a handful will have the patience and emotional stability to see it through to profit - and they will never look back.

BUT - contained here is what I believe is the most simple, fundamental, universal and dependable trading truth... it's always been there to see, we have all read about it in one way or another, but still we search for 'another key/secret'.
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