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Pure & simple Abonacci system

  • #341
  • Apr 22, 2014 9:10am Apr 22, 2014 9:10am
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...
nice job steve!

i got a few questions here tho. why did u choose the period of 2010 to backtest but not the last three years? and did u try to use the baseline where u get from MM level to backtest with profitable result? and what about other pairs?

once again, nice job!
  • #342
  • Apr 22, 2014 9:31am Apr 22, 2014 9:31am
Quoting wongsiio
{quote} nice job steve! i got a few questions here tho. why did u choose the period of 2010 to backtest but not the last three years? and did u try to use the baseline where u get from MM level to backtest with profitable result? and what about other pairs? once again, nice job!
Hi - no reason - I just picked a period of time at random. I did the same year with USA/CAD, it was not profitable on RR1:5, but was with RR1:3.

I've done GJ the following year (again no reason other than it was a different year). Length 79, this years baseline, SL 38, RR-1:5 - almost doubled the equity.

The point is - cutting losers short and letting the profits run (I know we've heard it all before) Sure there will be average or even losing years, BUT, when you hit a trend (which is inevitable eventually) then it more than pays off, and trading multiple pairs means the good ones in any given year will outperform the average ones by a mile. Just think what the profit would be with compounding.

So I am thinking I will forward test with something like the following

Enter two trades 1% each.

Trade 1 goes for 1:3, 1:4, or 1:5 (decision will be based on the typical range of the pair - ie GU, GJ, EJ will be 1:4-5, USD/CAD, EG will be 1:3)

Trade 2 will be left open and will build an equity millipede. SL will be the same and moved to BE when Trade 1 takes profit.


So, Trade 1 will slowly build the account and keep the equity curve rising.
Trade 2 will build for positions trading, exits will be based on a change in the weekly/monthly trend. They will be diversified as described in the millipede thread (I posted link a few days back)


  • #343
  • Apr 22, 2014 7:02pm Apr 22, 2014 7:02pm
hello every one

please tell me how can i setup this EA on strategy tester ???
i am newbie please tell me how can i use it?
  • #344
  • Apr 23, 2014 5:27am Apr 23, 2014 5:27am
Quoting mahyark
hello every one please tell me how can i setup this EA on strategy tester ??? i am newbie please tell me how can i use it?

Type, "MetaTrader 4 Strategy Tester" into search bar above, choose from 1 of the 20 threads.
  • #345
  • Apr 27, 2014 8:06am Apr 27, 2014 8:06am
i know how setup strategy tester
but when i select this EA in my statrategy tester and click on start . nothing show .
where i must edit this EA SETUP ( i mean where i can choose base line and ... )
please tell me step by step i dont think it hard work to u! for explain me
  • #346
  • Apr 27, 2014 7:31pm Apr 27, 2014 7:31pm
Quite a system he has here - why are you guys ruining it with MML's?

The underlying concept he is expressing in this system is VERY worth the study to understand and learn well. It's a concept that can transform your trading if you'll allow it. I've been on a "quest" similar to this methodology for a few years and have finally gotten to a point I'm trading based on what the OP of this system has presented. I'm HAPPY to see someone else on a similar endeavor!!
"Holy Grail" exists - accepting where is the first step.
  • #347
  • Apr 28, 2014 12:41am Apr 28, 2014 12:41am
Quoting mahyark
i know how setup strategy tester but when i select this EA in my statrategy tester and click on start . nothing show . where i must edit this EA SETUP ( i mean where i can choose base line and ... ) please tell me step by step i dont think it hard work to u! for explain me
Click Expert Properties, and you can edit it there.
  • #348
  • Apr 28, 2014 4:32pm Apr 28, 2014 4:32pm
can u help me ? please upload again this expert . i am waiting
  • #349
  • Apr 28, 2014 6:22pm Apr 28, 2014 6:22pm
i solved my problem

but i have one problem pleease tell me how can i setup this ea . i waana set this ea when come from 100% and break 23%+5pip make buy and close this prossion on 50% and when price come to 50% + 5pip , close this position on 76% .

please help me here i have 6 table for select levels i dont know how can i setup it!
thanks
  • #350
  • Apr 28, 2014 9:17pm Apr 28, 2014 9:17pm
Very nice system. Hollow, thanks for sharing it. I've been trading with the system for a week and seeing some good results, so I thought I would post something.

One comment I would make is to modify the Abonacci indicator to automatically determine the baseline and the length. Since those numbers are based on Murrey Math, it could be done and make the setup much easier.
  • #351
  • May 14, 2014 3:55am May 14, 2014 3:55am
Another quick question HH - do you use the baseline as what you have listed on the first page or do you put the baseline that is current at the moment ? So say you open a new chart and add the baseline into the indicator at its current price or what you have listed for all the pairs on page 1 ? Thanks in advance !
  • #352
  • May 14, 2014 8:51am May 14, 2014 8:51am
Quoting noob1990
Another quick question HH - do you use the baseline as what you have listed on the first page or do you put the baseline that is current at the moment ? So say you open a new chart and add the baseline into the indicator at its current price or what you have listed for all the pairs on page 1 ? Thanks in advance !
Hiya noob - I use the baseline on the first page - they are matched to the MM levels at the begining of the year.

Steve
  • #353
  • May 26, 2014 7:06am May 26, 2014 7:06am
dear hollowhead..

sorry for my basic question. in your 1st page the baseline for eur/usd is 5 digit. And my broker use 4 digit. So my question is, does the base line in the 1st page for eur/usd is valid for 4 digit broker..?

sorry for my english.

regards
  • #354
  • May 27, 2014 1:26pm May 27, 2014 1:26pm
Quoting SemaR82
dear hollowhead.. sorry for my basic question. in your 1st page the baseline for eur/usd is 5 digit. And my broker use 4 digit. So my question is, does the base line in the 1st page for eur/usd is valid for 4 digit broker..? sorry for my english. regards
Hi SemraR82 - sorry I missed your post earlier - I would presume you can just lose the last digit. So, EU would be 1.3183, having siad that I've never traded with a 4 digit broker, so I'm guessing.
  • #355
  • May 28, 2014 9:39am May 28, 2014 9:39am
i'm glad to see you here again and many thank's for explanation. I think EU is still heading down. Btw do you still use abbonacci template that bobbi has provide..? If does then wich template do you use...?
  • #356
  • May 28, 2014 10:15am May 28, 2014 10:15am
Quoting SemaR82
i'm glad to see you here again and many thank's for explanation. I think EU is still heading down. Btw do you still use abbonacci template that bobbi has provide..? If does then wich template do you use...?
Hi ya - thanks. I'm always floating around. Yes I am still using bobi's templates. I am primarily using the the longterm targets to set a bias and then stacking trades towards those targets.

PS - BTW I am expecting EU to continue down to 1.3398 - no lower.
  • #357
  • May 29, 2014 3:32am May 29, 2014 3:32am
Quoting hollowhead
{quote} Hi ya - thanks. I'm always floating around. Yes I am still using bobi's templates. I am primarily using the the longterm targets to set a bias and then stacking trades towards those targets. PS - BTW I am expecting EU to continue down to 1.3398 - no lower.
Hi, I have just PM you, please see your inbox. I wait for your comment on that. And sorry if my message to you is out of the topic. Hope you can understand.

Regards
  • #358
  • May 30, 2014 1:11am May 30, 2014 1:11am
Hi Hollowhead

Really very interesting and simply one.
I am bobi fan. I had saw this thread last week.
Please tell me anybody can using this system and how many pips getting per month ?

regards
  • #359
  • May 30, 2014 3:33am May 30, 2014 3:33am
Quoting prraj
Hi Hollowhead Really very interesting and simply one. I am bobi fan. I had saw this thread last week. Please tell me anybody can using this system and how many pips getting per month ? regards
Hi prraj

Yes anyone with a trading account can use what's outlined in this thread. How many pips per month is impossible to say - it has too many variables. What is outlined here is not so much a system as an approach. How many pips someone achieves depends on which pairs they trade and when, whether those pairs are trending and how volatile they are, how they choose to play the levels, whether they use a SL or hedge, whether they keep trades open, whether they make multiple entries etc, etc, etc,

Trade safe

Steve
  • #360
  • Jun 3, 2014 1:36am Jun 3, 2014 1:36am
Hi all

Anyone knows the baseline for JUNE on EURUSD and GOLD?

Ive been trading using Left Brain Trading and its smiliar method, however i can see that the baseline in abonacci is variable were in Leftbrain trading its fixed to a local base no eg. ( eurusd 1.20)
Good Luck all
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