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shamstec@hotmail.com ..could you please post the MTF_WPR..looks interesting..and i leave and come back and this thread is getting more and more interesting also..great job allof you here and above all Simba for sure
HI cementman
UR RIGHT
HER UR HOPE IT HELPS
REGARDS
Hi Simba
I Noticed That
Wpr ( Simba's One On 1st Post 16/2/2007 )
Is Different ( Inversed ) Compared To The One With Alarm
Please See Pic
Regards
hi shamstec,obviuously the magenta one is right and the green one is wrong,just check visually...
Your problem arises because you use the alert one which is designed for gbpusd 5m..ON USDCHF..the one i use is my modified version of it,and I checked its accuracy(PLEASE RECHECK BY COMPARING WITH ORIGINAL WPR),because i had the same problem as you ),to be able to use for usdchf,usdjpy,eurjpy 5m,and also 1m gbpusd..find them here below attached
hi simba
thx a lot for the alarm wpr's
u know i love the volatility of usd/yen
it swings a million times a day
and with ur brilliant wpr i'll see it in a better way
i'll chick and post
my best regards
hi simba
first i d like to thank u very much for ur kind care and effort and patience
i wanted to watch 1H frame becos
- i can see stops at close of 1h bar
- 4h xp is more close to price
- i put mtf _wpr (5M/ 90 of course )
*THE PROBLEM IS
'' WPR SIGNAL ON 5M CHART IS SHIFTED POSITION FROM THE IH CHART ''
ANY IDEA
WISH U THE BEST
REGARDS
hi simba
i'm still having the problem
sorry for bad english
the signal of mtf wpr changes its position when i switch to 1h chart though i set mtf_ wpr to ( 5m and period 90 ) so i shd see it as it looks on 5m chart
pics at previous post
hi simba
pls correct me if i'm wrong
-sell when mtf_wpr ( 30m / period 1 cross below -50 and the 30m candle closes ) _ so sell at open of next 30m candle
- if it goes againest u pick better price to make avarege so u have 2 lots
-take profit only 10 pips ( mostly u'll get more )
-stop loss ( if ur target was not hit ) at the opposite cross upward
-buy at cross up
- u could hv trades with dir of trend to live longer time ( dont exit if inverse cross happens cos ur in the trend direction )_mostly those well reach target
hi simba
i'm still having the problem
sorry for bad english
the signal of mtf wpr changes its position when i switch to 1h chart though i set mtf_ wpr to ( 5m and period 90 ) so i shd see it as it looks on 5m chart
pics at previous post
Hi shamstec
Well,i haven`t tried your mtf wpr but what I would say is that mtf works when you reduce the time dimension of the chart,not the opposite..so,you can see a 1h wpr in 5m chart but not a 5m wpr on 1h chart
hi simba
pls correct me if i'm wrong
-sell when mtf_wpr ( 30m / period 1 cross below -50 and the 30m candle closes ) _ so sell at open of next 30m candle
- if it goes againest u pick better price to make avarege so u have 2 lots
-take profit only 10 pips ( mostly u'll get more )
-stop loss ( if ur target was not hit ) at the opposite cross upward
-buy at cross up
- u could hv trades with dir of trend to live longer time ( dont exit if inverse cross happens cos ur in the trend direction )_mostly those well reach target
hi shamstec
this is not so,you use a 5m wpr with settings to -5 and -95,90 periods,and you only entrybuy when satl 4h is blue and wpr 5m is below -95...and you only entrysell when satl 4h red and wpr 5m above -5
My recomendation is that you read the posts on this thread so that you acquaint yourself with the mechanics of the system
at this stage we are checking,with a great effort from Malcik,some variations with the chandelier stops,but not yet finalized
You can use wpr as a trend definer too,see pic,using -50 as the separation line(use periods 35 and 1h,4h,1d tfs..and above all,go for at least 80 pips profit ),but first this is not the system this thread is trying to explain and second there are better ways to define a trend..
Finally some results from me. It's again only as of November but on M1 it still makes about 150 trades to this day.
The major entry, exit, P/T, and Balance column are for this system:
ENTRY:
Last SATL and Chandelier both close blue/red
Last W%R closes below -95 / above -5
No reentries until opposite side of W%R has been reached and the price has retraced back
No entries before 7:00 am CET, after 10:00 pm CET, 30 minutes before major news (marked red on http://www.forexfactory.com/calendar...h=2&year=2007), or 10 minutes after the news
No entries Friday afternoon (as of 1 pm CET)
EXIT:
Initial SL 1 pip below/above last Chandelier
When entering long with price below Chandelier or within 5 pips above (other way around for short positions), use no SL
Exit when W%R closes above -5 / below -95 and/or SATL changes color and/or Chandelier changes color
Exit 5 minutes before major news, 5 minutes before midnight, or 5 minutes before 1 pm Friday
I.e. basic SimbaSystem with no trading around the news and with using W%R for entry. I chose this so that we can see what move (way up or way down or sideways) the market really made after the entry. For example, 20 pips TP would only have told us whether or not it moved 20 pips in our direction. I also allowed for long entries with price slightly above or even below Chandelier (opposite for short) till the top of the hour when we know if that Chandelier is still valid or not.
Besides that you can see what levels of TP (both in terms of pips and in terms of multiples of distance from Chandelier at the time of our entry) would have been reached. You can see initial distances from SATL and Chandelier (positive number means price ahead of the indicator (above for long, below for short), negative means the contrary). At the end of the file, you will find a quick analysis of the distance to Chandelier - it seems to me that we should pay attention to this issue. I also tried to do the same for SATL but from there I couldn't derive any dependencies. What is your opinion?
After we agree on these distances, I would suggest to solve the TP issue. Or do you think that W%R would be better to be used for exits? In M5, it didn't really work out.
Well, sorry it took so long... that's the way manual backtests are. Well I admit I ran away from it time to time and wanted to read "just a few more" pages of Hurst's book I can't deny that, as far as the backtests that are up next, I would appreciate some division of labor. On the other hand, I would suggest that we wait for the testing EA to be finished so that we can do the partial tests this way which is obviously a lot faster. This apply to all the backtests we've spoken about -- and plus, I would suggest some backtest associated with SimbaConMan - I'd like to see it at work as an indicator in SimbaSystem. Still though, the more people help us with it, the even faster we will come to some conclusions.
Simba, what is your opinion on the backtest and on the next steps?
Edit:
I forgot to talk about money management. The account is $2,000 and one position is one minilot, i.e. 1 pip = $1.00. This should be in accordance with what Simba said about my last backtest, which was with same money management like this one, only I didn't mention it there I used 4 pips as spread and 1 pip as slippage. In the preceding tests I used larger slippage because I thought it was right -- I don't have live experience, I don't know what slippage is common.
Finally some results from me. It's again only as of November but on M1 it still makes about 150 trades to this day.
The major entry, exit, P/T, and Balance column are for this system:
ENTRY:
Last SATL and Chandelier both close blue/red
Last W%R closes below -95 / above -5
No reentries until opposite side of W%R has been reached and the price has retraced back
No entries before 7:00 am CET, after 10:00 pm CET, 30 minutes before major news (marked red on http://www.forexfactory.com/calendar...h=2&year=2007), or 10 minutes after the news
No entries Friday afternoon (as of 1 pm CET)
EXIT:
Initial SL 1 pip below/above last Chandelier
When entering long with price below Chandelier or within 5 pips above (other way around for short positions), use no SL
Exit when W%R closes above -5 / below -95 and/or SATL changes color and/or Chandelier changes color
Exit 5 minutes before major news, 5 minutes before midnight, or 5 minutes before 1 pm Friday
I.e. basic SimbaSystem with no trading around the news and with using W%R for entry. I chose this so that we can see what move (way up or way down or sideways) the market really made after the entry. For example, 20 pips TP would only have told us whether or not it moved 20 pips in our direction. I also allowed for long entries with price slightly above or even below Chandelier (opposite for short) till the top of the hour when we know if that Chandelier is still valid or not.
Besides that you can see what levels of TP (both in terms of pips and in terms of multiples of distance from Chandelier at the time of our entry) would have been reached. You can see initial distances from SATL and Chandelier (positive number means price ahead of the indicator (above for long, below for short), negative means the contrary). At the end of the file, you will find a quick analysis of the distance to Chandelier - it seems to me that we should pay attention to this issue. I also tried to do the same for SATL but from there I couldn't derive any dependencies. What is your opinion?
After we agree on these distances, I would suggest to solve the TP issue. Or do you think that W%R would be better to be used for exits? In M5, it didn't really work out.
Well, sorry it took so long... that's the way manual backtests are. Well I admit I ran away from it time to time and wanted to read "just a few more" pages of Hurst's book I can't deny that, as far as the backtests that are up next, I would appreciate some division of labor. On the other hand, I would suggest that we wait for the testing EA to be finished so that we can do the partial tests this way which is obviously a lot faster. This apply to all the backtests we've spoken about -- and plus, I would suggest some backtest associated with SimbaConMan - I'd like to see it at work as an indicator in SimbaSystem. Still though, the more people help us with it, the even faster we will come to some conclusions.
Simba, what is your opinion on the backtest and on the next steps?
Edit:
I forgot to talk about money management. The account is $2,000 and one position is one minilot, i.e. 1 pip = $1.00. This should be in accordance with what Simba said about my last backtest, which was with same money management like this one, only I didn't mention it there I used 4 pips as spread and 1 pip as slippage. In the preceding tests I used larger slippage because I thought it was right -- I don't have live experience, I don't know what slippage is common.
Take care everyone
Hi Malcik,
First,congratulations and thanks for your excellent job and the effort you have put into this test
Second,give me a few hours to analyze and digest it for full comments
Third,initial comment:definitely wpr not usable for exits..why?quick quizz...
Would you sell when1M/ 5M wpr>-5..in a 4h UPtrend?
Would you buy when 1M/5M wpr<-95..in a 4h DOWNtrend?
If you answered no because you rightly fear these won`t be positive entries,but negative ones..why using something that detracts to improve a system? think about it and you will understand my meaning..comparing with just running the trend,these kind of exits will be worse,so they worsen a system and ,obviously,do not improve it..
I can't deny that, as far as the backtests that are up next, I would appreciate some division of labor. On the other hand, I would suggest that we wait for the testing EA to be finished so that we can do the partial tests this way which is obviously a lot faster. This apply to all the backtests we've spoken about -- and plus, I would suggest some backtest associated with SimbaConMan - I'd like to see it at work as an indicator in SimbaSystem. Still though, the more people help us with it, the even faster we will come to some conclusions.
Linear Mode
