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Alien's Extraterrestrial Visual Systems

  • #16,041
  • Jul 12, 2016 2:31pm Jul 12, 2016 2:31pm
Quoting fxlocator
{quote} Thank you Sir How did i do in the above analysis - USDJPY and AUDUSD (above post)? - this is my first attempt

It is good you consider ADX too.
  • #16,042
  • Jul 12, 2016 5:27pm Jul 12, 2016 5:27pm
Quoting Zimbinga
{quote} It is good you consider ADX too.

Thank you very much I feel encouraged to to move on. Cheers
  • #16,043
  • Jul 12, 2016 5:33pm Jul 12, 2016 5:33pm
Quoting jpadvisor
{quote} Hi Alien friend, your analysis for UJ was strict but correct according to the Alien's indies and MTF system. With AU you were more detailed and also correct. Keep it on and try to find also the classical Alien's setups. Cheers

Thank you Sir, it means much coming from you - will keep it on. I've also seen that those who keep posting here have become very good at the system.
  • #16,044
  • Jul 13, 2016 6:07am Jul 13, 2016 6:07am
Another interesting video for those who want to trade seriously.
By the way: I'm not involved in any way with this guy.
Inserted Video
Per aspera ad astra
  • #16,045
  • Jul 13, 2016 8:16am Jul 13, 2016 8:16am
Quoting fxlocator
{quote} Thank you Sir, it means much coming from you - will keep it on. I've also seen that those who keep posting here have become very good at the system.
Many took The system And went away making profits with it, bro! 👽
Per aspera ad astra
  • #16,046
  • Jul 14, 2016 3:17am Jul 14, 2016 3:17am
Quoting jpadvisor
Another interesting video for those who want to trade seriously. By the way: I'm not involved in any way with this guy. https://www.youtube.com/watch?v=z6jZfwnFnhI
Thanks for the link - again another very informative video - It has made me change the way I perceive forex trading



Quoting jpadvisor
{quote} Many took The system And went away making profits with it, bro! 👽
Much respect to you, Marcof91 and others that have had the heart to stay, you are keeping the thread alive and we are learning a lot from you.
Really appreciated. Thanks
  • #16,047
  • Jul 14, 2016 5:09am Jul 14, 2016 5:09am
Maybe an off topic post but maybe someone can answer this. I have been backtesting an EA whichs performs very well on EU H1 for the past year but only that. On others pairs,it performs very bad and i have tried all majors and some crosses but no luck. My question is: should i forward test this EA only on EU in a live test account? Or forget it?
Work smarter,not harder
  • #16,048
  • Jul 14, 2016 5:19am Jul 14, 2016 5:19am
Quoting marcof91
Maybe an off topic post but maybe someone can answer this. I have been backtesting an EA whichs performs very well on EU H1 for the past year but only that. On others pairs,it performs very bad and i have tried all majors and some crosses but no luck. My question is: should i forward test this EA only on EU in a live test account? Or forget it?
Hello Marco91,

I would say rather forget it as Alien system have way to much parametars to create good EA...Maybe results was good in EU but that doesn't guarantee you future result especially when you saw that other pairs fails...

Or you can try with just 50 bucks or so to see will it continue but in my opinions EA for Alien system would never work (and not only for Alien but all EA's)...

Just my 2 cents,

Regards!
  • #16,049
  • Edited 8:37am Jul 14, 2016 5:31am | Edited 8:37am
Quoting Zokynho
{quote} Hello Marco91, I would say rather forget it as Alien system have way to much parametars to create good EA...Maybe results was good in EU but that doesn't guarantee you future result especially when you saw that other pairs fails... Or you can try with just 50 bucks or so to see will it continue but in my opinions EA for Alien system would never work (and not only for Alien but all EA's)... Just my 2 cents, Regards!
Thanks for your input. The EA is pretty simple as i made myself with the help of AGILITY TRADER thread. Entry at 100 sto on 80 lv and exit is leaving that area or 21 sto (early exit). It's been for learning purposes till i saw that outcome.
Work smarter,not harder
  • #16,050
  • Jul 14, 2016 9:57am Jul 14, 2016 9:57am
Quoting marcof91
{quote} Thanks for your input. The EA is pretty simple as i made myself with the help of AGILITY TRADER thread. Entry at 100 sto on 80 lv and exit is leaving that area or 21 sto (early exit). It's been for learning purposes till i saw that outcome.
Hi Marco,
like Zoran says I dont think we can create a robot to follow all Alien's System, but your thinking wasnt bad for taking trades to be managed afterwards from a human or alien being.
Try also the combination of 8 over 21 (or under) on H1 and over. The agility trader Ea is very flexible as I see (but i'm not able to manage it).
Per aspera ad astra
  • #16,051
  • Jul 14, 2016 11:16am Jul 14, 2016 11:16am
Quoting jpadvisor
{quote} Hi Marco, like Zoran says I dont think we can create a robot to follow all Alien's System, but your thinking wasnt bad for taking trades to be managed afterwards from a human or alien being. Try also the combination of 8 over 21 (or under) on H1 and over. The agility trader Ea is very flexible as I see (but i'm not able to manage it).
The thing about this EA is that can trade for example on H1 but check the conditions on m15 before entering the trade. That's why i thought on Alien system. Maybe i can find a way but i know it will be challenging,that's the purpose of learning.PS: The agility trader have a lot of options but don't be afraid to try it.
Work smarter,not harder
  • #16,052
  • Jul 15, 2016 12:22pm Jul 15, 2016 12:22pm
Quoting marcof91
{quote} The thing about this EA is that can trade for example on H1 but check the conditions on m15 before entering the trade. That's why i thought on Alien system. Maybe i can find a way but i know it will be challenging,that's the purpose of learning.PS: The agility trader have a lot of options but don't be afraid to try it.
Hi marco

in my opinion alien system is fully manual system, it need us to manually picking up a setup that can work 80%.
because PA can change in a dime, every EA can't predict it, because if EA can predict it we are all a billionare right now.
better if you want to seriously in this business, spent your time is worth it when you have a lot of green pips.
alien system is the best system i have ever learn.

Wish u green pips
  • #16,053
  • Jul 15, 2016 1:43pm Jul 15, 2016 1:43pm
Quoting keeley
{quote} Hi marco in my opinion alien system is fully manual system, it need us to manually picking up a setup that can work 80%. because PA can change in a dime, every EA can't predict it, because if EA can predict it we are all a billionare right now. better if you want to seriously in this business, spent your time is worth it when you have a lot of green pips. alien system is the best system i have ever learn. Wish u green pips
​Agreed. And furthermore if an EA could be developed that could trade Alien system effectively, then the market presumably would counteract it if everyone started making money with it by taking the same positions. Big players would hunt it down.
  • #16,054
  • Jul 17, 2016 3:44am Jul 17, 2016 3:44am
Quoting marcof91
{quote} The thing about this EA is that can trade for example on H1 but check the conditions on m15 before entering the trade. That's why i thought on Alien system. Maybe i can find a way but i know it will be challenging,that's the purpose of learning.PS: The agility trader have a lot of options but don't be afraid to try it.
Keep trying Marco I liked the look of the emily EAs based on RSIOMA..Im sure you'll find something that works ...No doubt it wont be as good as your alien results butHey it depends on what your looking for ....Any percentage gain is good....5% is better than nothing....Its good for knowledge too....I thought I had found a nice system for 50 pips recently but backtesting I could seeOver time ...I would be bancrupt lmao.....
  • #16,055
  • Jul 17, 2016 8:00am Jul 17, 2016 8:00am
Hey all, lets all congratulate Songok on his first professional trading job....
Leaving IT behind and moving forward in his trading career....
CONGRATS SONGOK! 😉😉😉😉😉😡😜😜😜😜
  • #16,056
  • Jul 17, 2016 11:38am Jul 17, 2016 11:38am
Hi, friends, here you find the weekly forecasts for next week by V. Ribakov.
Seemed that NZD pairs went as for the last one.
Inserted Video
Per aspera ad astra
  • #16,057
  • Jul 18, 2016 5:08pm Jul 18, 2016 5:08pm
Quoting marcof91
Maybe an off topic post but maybe someone can answer this. I have been backtesting an EA whichs performs very well on EU H1 for the past year but only that. On others pairs,it performs very bad and i have tried all majors and some crosses but no luck. My question is: should i forward test this EA only on EU in a live test account? Or forget it?
Dear Marcof,

I have been reading all the answers given to your question and I respect all other answers. I have been studying this particular subject ( EA's and machine learning) for the past year and here is my opinion.As you know, no intelligent creature ( whether a silicon based computer or carbon based human) can predict the markets. Let's make that clear first.

While humans can pick certain entries with flexible criteria, EA's can find quantitative edges in the market and exploit them. But it needs extensive testing and you have to set up your own ground rules and a framework. Here are some opinions from different experts in the field

 

  1. Some of them use the rule that you shouldn't create an EA that works only for one instrument and a time frame(like EU only). Instead, it should work across many instruments that has similar characteristics. For eg , Trending Forex Pairs or Ranging Commodities. They believe more markets it covers the more robust it is.
  2. However, some of them are inclined to create instrument specific and time frame specific EA's like the one you are talking about. But they have a very intensive testing process. Here is the process of an average testing cycle.


​In sample data --> outer sample data --> Monte Carlo testing --> Walk forward testing.

  1. In sample data of at least 5 years. These are the data that you use to build the system
  2. Outer sample data of another 5 years. Now you test your system with these data, which you never used in the system creation process.
  3. If they both reached your expected gains then you do a Monte Carlo testing . Read more here --> https://en.wikipedia.org/wiki/Monte_Carlo_method
  4. Then only you do a walk forward. It's been said, a walk forward test normally produces a lesser success rate. Ergo, you have to achieve high number with the first three tests.

Personally I think your system has to be tested a lot more before going live. But that is only my opinion

  • #16,058
  • Jul 19, 2016 2:37am Jul 19, 2016 2:37am
Quoting Sparkoz
Hey all, lets all congratulate Songok on his first professional trading job.... Leaving IT behind and moving forward in his trading career.... CONGRATS SONGOK! 😉😉😉😉😉😡😜😜😜😜
Haha You are man of Your word! Thanks a lot, I start in a month. I hope i will learn a lot and make myself more useful here


Quoting marcof91
Maybe an off topic post but maybe someone can answer this. I have been backtesting an EA whichs performs very well on EU H1 for the past year but only that. On others pairs,it performs very bad and i have tried all majors and some crosses but no luck. My question is: should i forward test this EA only on EU in a live test account? Or forget it?
I think Randika has some good points. If system works only on 1 pair and 1 year time frame it is not good imo. In this case its mechanical system and has no method to evaluate current market condition, the profit period is therfore random maybe riding the trend or something like that.
  • #16,059
  • Jul 19, 2016 6:37am Jul 19, 2016 6:37am
Thanks guys for yours inputs! I won't test it on live account just for the fact of only 1 pair working. More study must be done... Go check the top EAs performing on myfxbook,they are real.
Work smarter,not harder
  • #16,060
  • Jul 19, 2016 6:56am Jul 19, 2016 6:56am
Quoting marcof91
Thanks guys for yours inputs! I won't test it on live account just for the fact of only 1 pair working. More study must be done... Go check the top EAs performing on myfxbook,they are real.
I would say paper-trade it for a month or two. See how it handles. (and backtest over multiple years)
Then decide.
Some pairs just behave differently than others, and EU/USD is exceptional.
As a matter of fact, I also have ea's that perform well on one or 2 pairs, but cannot be profitable on other pairs.

On a side note, I tried programming the alien system in MQ4, but failed to be profitable consistently.
I got as far as : "extremely profitable in a ranging market but bleeding dry in ranging market"

Some day I will try again, but now my little one is growing out of the baby-phase my priority has somewhat shifted.
Being good at what you do is a result of having fun
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