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  #431 (permalink)  
Old 06-07-2007, 06:06 PM
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Quote:
Originally Posted by yyc196
Hi,

I had done a lot of manual test on the brain system for the 4 majors but I realised that dollar yen don't perform well. The system always give an entry point that is too late.

I am using 30M for the system and 15 pips stoploss but I encountered many stoploss before the trend go in my direction.

Any comments and help please???

Regards
I traded on H1 timeframe taking stop loss and take profit from H1 as well but I used confirmation of the trend direction on M1. It works but sometime it is necessary to use some additional indicators. And I used old version of BrainTrading (we did not have new ones in that time).
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  #432 (permalink)  
Old 06-08-2007, 04:00 AM
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Smile Testing on JPY

Quote:
Originally Posted by newdigital
I traded on H1 timeframe taking stop loss and take profit from H1 as well but I used confirmation of the trend direction on M1. It works but sometime it is necessary to use some additional indicators. And I used old version of BrainTrading (we did not have new ones in that time).
Many thanks, I used the method you mentioned last time using 15M to confirm the 1H trend direction. In addition, I also used the 6SMA and 23SMA to confirm the main trend direction before I enter my trade. So far, this method looks quite OK for me.

FYI, I am taking a stoploss of 10pips and profit taking of 20 pips to test this system on USD/JPY. Thaks for your advice.

Regards
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  #433 (permalink)  
Old 08-16-2007, 04:07 AM
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BT rule in one TF

Is there rule only use one TF?

and if I am new to BT?

where to start to trade with rule ( I saw a lot rule) .
which rule is prefer for new bie . and which pair is perfer for BT system
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  #434 (permalink)  
Old 08-16-2007, 08:11 AM
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Quote:
Originally Posted by muyuan11 View Post
Is there rule only use one TF?

and if I am new to BT?

where to start to trade with rule ( I saw a lot rule) .
which rule is prefer for new bie . and which pair is perfer for BT system
The trading rules are here as the links.
I tested manuallt the following: trading H1 timeframe with M15 confirmation.
And I used old BT indicators. Later on those indicators were improved/fixed and then constructed as 'all-in-one' indicators. But I am still prefer to use old versions.
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  #435 (permalink)  
Old 08-17-2007, 01:38 AM
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Stochastic signal to exit

Quote:
Originally Posted by newdigital View Post
As to exit so I am using Stochastic (14, 5, 5) but for exit only. I am not using it for estimating oversold or overbought market. Just for exit. But it is something with my live account.

If real deposit is bigger than mine you may close on stop loss to be moved by one of the BTStop indicator (on closed bar as well). In this case you must use more remote stop (there are two stop indicators and you should use more remote one to catch the big profit).
Quote:
Originally Posted by newdigital View Post
Why I am using Stochastic for exit?
To optimize the profit. It is nothing with losses. Just for profit. It is personal. People who were reading the thread about Brainwashing EA may understand it already:
- some people want to catch the big movement with big profit and agree to lose something just because of the possible big profit;
- some people agree with some profit, just some, without big losses and big profit, just to receive some profit in average.

If you are second one use Stochastic for exit.
If you estimate yourself as the first one - do not use any Stochastic indicator at all.

When I see Stochastic I want to use it as a filter during the overbought and oversold market. I am not suggesting to use it. Use just S&R or High/Low indicator you will have one in template). It will help more.

Well. Let's estimate the profit if we use Stochastic as a filter as well during the overbought and oversold market:

- GBPUSD: we will not open sell on 15/12 at 3 pm. Thus we will have +94 usind Stochastic as exit and +3 usingBraintrading system for exit (one of BTStop indicator.

- EURUSD: we will not open buy on 12/12 at 2 am, sell 13/12 at 6 am, sell as well on 15/12 at 4 am, sell on 16/12 at 1 am and buy on 16/12 at 4 pm. So, we will have -(minus) 11 using Stochastic exit and - (minus) 30 without it.

- USDCHF: we will not have sell on 12/12 at 2 am, sell on15/12 at 2 am as well and buy on 15/12 at 4 am. Thus we will have +69 using Stochastic and -(minus) 9 without anything.

Thus, totally we have +152 using Stochastic and - (minus) 36 without it.

Without Stochastic as a filter:
+258 (exit using Stochastic) or
+85 on exit on BTStop indicator.

Big differences.

So, the conclusion:

Use Stochastic for exit only and not as a filter. If we use Stochastic for exit we must understand that it will optimize the profit (reduce or increase to have something good in average) and we will never have big profit during the big movement.
BrainSystem: Trading System Development and Trades

Quote:
Originally Posted by newdigital View Post
When I see the good signals from Stochastic (14, 5, 5) I may exit using this indicator (image 1).

But I am not trading when the market is noisy and we have a lot of signals on H1 timeframe with contradiction with each other. If I want to trade on noisy market I am not using the Stoch for exit.

This Braintrading system is very sensitive and the Stochastic indicator may be used as a market condition indicator: if this indicator is moving according to the rules described in the books (from down to up and opposite by cycles in right way) I am using this Braintrading system. This "right" ("as in the book") movement of Stochastic was before Christmas. Between Christmas and New Year was special case (and noisy, and some influence to the market). So you may decide to use Stoch for exit or not.



This Stochastic indicator is not part of the system. You may use any indicator you are comfortable with.
BrainSystem: Trading System Development and Trades

Quote:
Originally Posted by newdigital View Post
Thus. we have in total on 3 pairs:

+258 (exit using Stochastic) or
+85 on exit on BTStop indicator.

So as I am not trading at night and open the orders within 8 am till 4 pm alpari time so I had just small profit. It was not my week (I should have just about +50 or p or less).
But for the people who are trading at night (alpari time) was very good week.
BrainSystem: Trading System Development and Trades

befor you use Stochastic to exit . what is rule ? overbuy or oversell then cross? is it a good exit rule? it looks good result. do you still use it now?

I still think it is very intresting rule to exit and very low risk . it do can average risk and profit . I mean it will make a small profit larger and lower some large profit caused by strong trend .

maybe we shoud keep test this exit rule . maybe should keep it .

Last edited by muyuan11; 08-17-2007 at 09:16 AM.
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  #436 (permalink)  
Old 08-17-2007, 02:50 AM
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any shortcome of BT SYSTEM

TO use system I must know the shortcome of system .
I don't think there is perfect system in world (100 percent win)

so what is shortcome of BT
DOES BT perform good result in choppy market? what about news release day ? how about asian session ? do we need time filter for BT?

Last edited by muyuan11; 08-17-2007 at 09:01 AM.
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  #437 (permalink)  
Old 08-17-2007, 09:37 AM
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Exclamation

Quote:
Originally Posted by newdigital View Post
Today is Friday. Why some people (incl me) affraid to trade on Friday? Look at the images and you will understand:
if the market was on uptrend (for example) on Thursday, so, most probably, it will be downtrend on Friday and continuing uptrend on Monday. Why? Because of the news. There is EA somewhere on this forum which was design especially to trade against the main weekly trend on Friday. Profitable EA. So, some people (incl me) affraid for Friday.

I know some people who are affraid for Monday.
But it is an other story.

do you trade by using BT system on friday?
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  #438 (permalink)  
Old 08-17-2007, 11:51 AM
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Quote:
Originally Posted by muyuan11 View Post
TO use system I must know the shortcome of system .
I don't think there is perfect system in world (100 percent win)

so what is shortcome of BT
DOES BT perform good result in choppy market? what about news release day ? how about asian session ? do we need time filter for BT?
You mean what is bad in this system?

- BT system understands clean trend only. If BT system does not understand some trend as a trend so we are not trading. It is good sometimes but we may miss some good pips.
- BT is very sensitive concerning breakout. I used dayHL indicator (red and blue horizontal dots) just to know when the trading is not risky but when we may wait for the breakout. I did not trade breakout cases using this system as it is very risky and difficult to prefict the results simetimes.
- my local timezone is GMT+2 and GMT+3. So I traded within my local hours (8 till 18 or 7 till 20). But one pair may be traded at GMT night (USDJPY) and it may be good for the people who are trading in GMT night.
- I did not switch trading during the news. As the system understands clean trend only so simple we will not open any order during the news: we will not have any signals to open the order in that time. But ince we opened the order already so we should monitor the news of course. Because stop loss value is very very thin.
- BT is signal system. And not every indicator can work with this system. For oversold/overbought I used standard Demarker.
- I used Stiochastic just for trend confirmation. Just to know that we are still having the trend. And for exit. But we can not use Stochastic for every timerame: it works for H1, H4 for example.
- as BT is signal system so this system is having all negative aspects which any signal systems are having.
- BT system was designed to enter in the beginning of the trend. As we know those "beginning of the trend" may be mistaken by market. So, we can not fully avoid false entrance.
- may many good indicators does not work with this BT system. But positive aspect is the following: almost all standard Metatrader's indicators are working fine together with this system.
- very difficult to use this system for scalping, or for M1 or M5 timeframes.
- BT systems are very sensitive with brokers' data. If you will use old BT indicators (i used old BT indicators) so I may have buy with Alpari broker but you may have nothing with IBFX for example. Some programmer created 2 all-in-one indicators with spread parameter so this problem was fixed: the signals are the same now with every broker. But i am still prefer to use old indicators because I like to see buy or sell concerning the data I am trading and not concerning some unified data. But it is personal subject.
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  #439 (permalink)  
Old 08-18-2007, 12:52 AM
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thank you for your explanation . I got to understand it more clearly than befor .
my english is poor
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  #440 (permalink)  
Old 08-18-2007, 01:15 AM
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about forward test

Did you use some indecator that is not metioned in rule (for example H1 RULE) to get good result for the demo or forward test.
If I fellow the rule and not add more indecator to verify entry and exit , could I still get good result as you .

thanks

I want to follow the rule you develop , but I am afraid that I can not do it as good as you . I have poor experience for using indicator .
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