Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
No problem, here we go.
I use it on FXDD live on GBP/USD and GBP/JPY on M5 as advised by yourself, with the following settings:
UseSATLFilter=true;
ChandDist_Min=35;
ChandDist_Max=100;
UseChandIfTouched=false;
WPR_Period=90;
WPR_TopLevel=-8;
WPR_BottomLevel=-92;
TPPips=355;
atr_for_tp=false;
atr_period=4;
atr_multiplier=4;
AllowReentries=false;
MaximumRisk=2; (I never trade more then 2% of my balance on any trade)
We will see....
__________________
Happy Trading...
"Failure is only a temporary change in direction to set you straight for your next success."
"Winning is a habit. Unfortunately, so is losing."
"It’s so simple to be wise. Just think of something stupid to say and then don’t say it."
I hope you both are aware of systems max. potential drawdown risk at 95-98% MC confidence range. it's 90% of the account if sized the way you report it here. of course you can use lower sizes to keep it near 20% of account but then the yearly paerformance drops down to near 40% yearly. for private traders just time waisting unless you get accounts over some hundert thousands or manage large funds.
regards
Hi,
Thanks for your comments...
If you expect to achieve more than 40% annual,compounded, with 20% drawdown,REALISTICALLY,in live trading,this method(This is a manual trading system,the EA was done to be able to test the assumptions of the system)is not for you..in this we agree
If you think this is time wasting for small traders hoping to multiply their accounts 10 fold per year..again,I agree with you
If you think this is for large funds...we don`t agree,this is not good enough for large funds,large funds request around 30%/40% performance with below 10% drawdown,and,consequently,this is not good enough..I would like it to have being ..but reality is that it is not...
In my opinion,this system is good for any trader capable of accepting AVERAGE drawdowns of 30%(so,as El Cid rightly pointed out,sometimes you will have deviations,both positive and negative )as part of a portfolio of systems trading allocated sizes of a common equity...and,more important
This system(forget about the EA) ,and this thread,is a way of trying to implement a "mindset" which I deem is useful for traders,specially for newbies,composed of basically 2 assumptions:
1-TEST,TEST,TEST everything before committing any money to it
2-Buy dips in an uptrend or sell rallies in a downtrend,how you define "trend","dips" or "rallyes" is up to you,the system provides you just ONE definition,there are many other acceptable ways to do so...whatever way you choose..avoid buying rallies in a downtrend or selling dips in an uptrend
No problem, here we go.
I use it on FXDD live on GBP/USD and GBP/JPY on M5 as advised by yourself, with the following settings:
UseSATLFilter=true;
ChandDist_Min=35;
ChandDist_Max=100;
UseChandIfTouched=false;
WPR_Period=90;
WPR_TopLevel=-8;
WPR_BottomLevel=-92;
TPPips=355;
atr_for_tp=false;
atr_period=4;
atr_multiplier=4;
AllowReentries=false;
MaximumRisk=2; (I never trade more then 2% of my balance on any trade)
We will see....
Dxtrade,settings are fine,you could modify the WPR_Levels to -5 and -95,but -8 and -92 are fine too..Enjoy
If you expect to achieve more than 40% annual,compounded, with 20% drawdown,REALISTICALLY,in live trading,this method(This is a manual trading system,the EA was done to be able to test the assumptions of the system)is not for you..in this we agree
If you think this is time wasting for small traders hoping to multiply their accounts 10 fold per year..again,I agree with you
If you think this is for large funds...we don`t agree,this is not good enough for large funds,large funds request around 30%/40% performance with below 10% drawdown,and,consequently,this is not good enough..I would like it to have being ..but reality is that it is not...
In my opinion,this system is good for any trader capable of accepting AVERAGE drawdowns of 30%(so,as El Cid rightly pointed out,sometimes you will have deviations,both positive and negative )as part of a portfolio of systems trading allocated sizes of a common equity...and,more important
This system(forget about the EA) ,and this thread,is a way of trying to implement a "mindset" which I deem is useful for traders,specially for newbies,composed of basically 2 assumptions:
1-TEST,TEST,TEST everything before committing any money to it
2-Buy dips in an uptrend or sell rallies in a downtrend,how you define "trend","dips" or "rallyes" is up to you,the system provides you just ONE definition,there are many other acceptable ways to do so...whatever way you choose..avoid buying rallies in a downtrend or selling dips in an uptrend
Simba
Basically agree but some funds are still happy even with annual return 20% to 10% max drawdown (factor 20%/10%) =2
Thank you so much DX and Simba. I have added the GBP/JPY M5 to the IBFX Demo platform together with the GBP/USD M5 chart and started over (start balance $937.00) with these settings below...but I used MaximumRisk "1" (I could not seem to get the decimal of 0.50 in there).
DX, But why is the "atr_for_tp" set to false when the default is true? I have it on true with atr_period "4' and atr_multiplier "4.0"
I also changed those two wpr settings from -8 and -92
to
-5 & -95
ES
Quote:
Originally Posted by dxtrade
No problem, here we go.
I use it on FXDD live on GBP/USD and GBP/JPY on M5 as advised by yourself, with the following settings:
UseSATLFilter=true;
ChandDist_Min=35;
ChandDist_Max=100;
UseChandIfTouched=false;
WPR_Period=90;
WPR_TopLevel=-8;
WPR_BottomLevel=-92;
TPPips=355;
atr_for_tp=false;
atr_period=4;
atr_multiplier=4;
AllowReentries=false;
MaximumRisk=2; (I never trade more then 2% of my balance on any trade)
We will see....
Last edited by ElectricSavant; 10-17-2007 at 04:47 PM.
Thank you so much DX and Simba. I have added the GBP/JPY M5 to the IBFX Demo platform together with the GBP/USD M5 chart and started over (start balance $937.00) with these settings below...but I used MaximumRisk "1" (I could not seem to get the decimal of 0.50 in there).
DX, But why is the "atr_for_tp" set to false when the default is true? I have it on true with atr_period "4' and atr_multiplier "4.0"
I also changed those two wpr settings from -8 and -92
to
-5 & -95
ES
Hi ES,
ok,well done,please try to post an update of your results,if you feel it is ok with you.
The atr for tp is set to false,because those were the original settings,before we included atr tp in the Ea,once we included it,we found that there were not significant improvements between atr=true..4/4 and atr_tp=false and TP=355..but we felt it was a more flexible option..and the tests didn`t show significantly worse results
Frankly..it is a matter of personal choice,atr_tp=false and tp=355 is what has been extensively tested..and shown very good results out of sample..the other option is almost as good,BUT,even if it is my preferred choice(I always choose flexibility),can lead to some volatile results..
For testing variation...the others here may have atr_for_tp set to false...but I prefer it to be true as you do Simba (it's personal) I prefer atr to be used in calculations...why doesn't this flexability and "open architecture' work in all of the pairs, Simba?
I like the way you have coded this and sincerely as long as atr is evaluated any pair should work...can you explain why it would not work with other pair?
I was thinking of testing with 8 currencies and four pair at IBFX.
P.S. With your reply I will download a new Demo with 1K from IBFX and start the test. I am thrilled you would allow me to share a Journal.
Quote:
Originally Posted by SIMBA
Hi ES,
ok,well done,please try to post an update of your results,if you feel it is ok with you.
The atr for tp is set to false,because those were the original settings,before we included atr tp in the Ea,once we included it,we found that there were not significant improvements between atr=true..4/4 and atr_tp=false and TP=355..but we felt it was a more flexible option..and the tests didn`t show significantly worse results
Frankly..it is a matter of personal choice,atr_tp=false and tp=355 is what has been extensively tested..and shown very good results out of sample..the other option is almost as good,BUT,even if it is my preferred choice(I always choose flexibility),can lead to some volatile results..
Last edited by ElectricSavant; 10-17-2007 at 08:23 PM.
Your choice of pairs discredit you both as a person and as a trader,what do you intend to achieve with this..and with your related spread costs?
Do you think you are going to get the attention you so much crave?You sillyboy?Not from me,and I believe not from anybody else..EURCAD,AUDNZD..ass***e,if you think this is really fair testing for a gbpusd,gbpjpy system,are you stupid,on drugs or both?Bad faith is what your journal will share..and that is the story of your life,you pitiful dropout ..
Are you so stupid or so needy as a trader that you have to use a gbpusd/gbpjpy system with CHFJPY,EURCAD,and AUDNZD ?Or just your bad faith nature lurking in the shadows trying to compensate for your obvious defects as a person?..I don`t care,but,if I allow this, the thread is finished,and I don`t give a s**t about your reply
You're very rude Simba.
Edit: Although you're right.
You're very rude Simba.
Edit: Although you're right.
Yes Flytox..you are right..sometimes I am very rude..for example this is a PM I just received from Electric Savant..and my rude reply..Thanks for the Edit,I really appreciated the detail,you showed some measure of sensibility and ,believe me ,I understand you...just keep reading..and..Regards
P.S:As you can imagine,once you finish reading the following words, this really incentivates posting ,this is continuous,you post something of interest and you are attacked,in public or in private,either by people with an agenda,or just by deranged individuals..
[quote=ElectricSavant]Simba,
When noting that you use ATR for different pair there is more of an open architecture. I do not recall chandlier stops or support and resistence being limited to certain pair either. Also Backtests are just backtests and some put value in them more than others. I chose to filter much crap from developers and discover for myself with valid forward testing that is accurate.
I suggested the basket that I did...which there are several baskets of four pair representing 8 currencies to chose from...I just picked one...
At least you are being cival and offered to excuse yourself.
...as far as my contribution to your thread...my heart is just not in it. I find you a distastful person and isolated in a world that you have fooled youself into being reality. In a word, I do not care to work with you and I find you a miserable personality. You are an anonymous character on the Internet, but in real life I imagine you to be a little person. This is personal, but I have the politeness to post directly to you privatly like a man should do...but you would not know these things.
Simba...I wish you the worst and please eat shit and die...thank you and please go away...
ES
My Rude reply...
You may be on drugs or worse....sillyboy
1-I never offered to excuse myself,you haven`t proved your good faith,just the opposite
2-Your contribution to my thread....sorry I can`t find the right icon,the one with 2 fingers in the throat,you know..like vomiting..anyway go eat it,since you obviously like the menu..
3-your opinions:Thanks,they are interesting..but your dietary habits are quite peculiar..aren`t they?Ijust had dinner with some friends,we ate some oysters from Perpinyà(France for you,illiterate son of a gun ) while drinking several bottles of Krug 88 and unanimously voted for not changing our diet..cheers to you,keep being a coprophagic gourmet if that is what you like
As said in 300.."Ephialtes..I wish you to live forever"..try not to eat too much of your dietary convolutions..
I am new at this forum, but I have some exp in forex trading. I have a question for the Simba, because he is the founder of this thread. Can I post my analysis and my thoughts in this thread? I think this would be interesting for all of us, to share our thoughts on the theme. I wasnt able to find another tread with GBP analysis, so I am here.
I appreciate you initiative in sharing your thoughts and your system with the others, and I would like to share mine.
..but reality is that it is not...
Analysis
Linear Mode
