NightRide v2.26 - EURUSD (By bcsendes)
The user has deleted this strategy.
NightRide v2.26 - EURUSD Discussion
Jun 06, 2010 at 22:13
2,683 Views
17 Replies
Member Since Mar 23, 2010
5 posts
Jun 07, 2010 at 03:40
hello there . .
i very interest about your result . . can you explain what strategy you use for this result . .
best regards
sofian juniardi
sofian.juniardi@yahoo,com
i very interest about your result . . can you explain what strategy you use for this result . .
best regards
sofian juniardi
sofian.juniardi@yahoo,com
currency trading is my live
Jun 07, 2010 at 06:01
Hi Sofian,
Here is a brief description:
Basic Idea:
Having a strong mathematical background the whole EA was developed by me. Key target was to build a solid, fully automated strategy with as minimal draw-down as possible, but keeping a nice and continuous profit.
Method:
EA uses S/R lines to enter trades, also uses these lines for initial SL and TP. Usually uses limit orders to catch the deal.
Money Management:
No martingale like money management, but traded volume is always matched with the maximum possible amount to loose (fixed stop loss).
Trading Time:
Usually it holds the position for a couple of hours.
Stop Loss & Take Profit:
Using dynamic SL and TP, then try to moves both of them. SL and TP is calculated on the current volatility.
Draw-Down:
You can expect around 20% maximum draw-down in the floating EQUITY with the current risk settings. I mean draw-down in the EQUITY, not the balance like others.
Regards,
Balázs
Here is a brief description:
Basic Idea:
Having a strong mathematical background the whole EA was developed by me. Key target was to build a solid, fully automated strategy with as minimal draw-down as possible, but keeping a nice and continuous profit.
Method:
EA uses S/R lines to enter trades, also uses these lines for initial SL and TP. Usually uses limit orders to catch the deal.
Money Management:
No martingale like money management, but traded volume is always matched with the maximum possible amount to loose (fixed stop loss).
Trading Time:
Usually it holds the position for a couple of hours.
Stop Loss & Take Profit:
Using dynamic SL and TP, then try to moves both of them. SL and TP is calculated on the current volatility.
Draw-Down:
You can expect around 20% maximum draw-down in the floating EQUITY with the current risk settings. I mean draw-down in the EQUITY, not the balance like others.
Regards,
Balázs
Member Since Mar 23, 2010
5 posts
Jun 07, 2010 at 06:52
thanks for your reply Balazs
i want to know what your offering about thats EA NightRide v2.26 used for that result, very interrest bechause only trade on EURUSD fully automated and dynamic for SL and TP . . are you sell for that EA/ manage account/ rent a signal ?
are you have blog or website for completed information about all your project/ EA ?
regards
sofian juniardi
i want to know what your offering about thats EA NightRide v2.26 used for that result, very interrest bechause only trade on EURUSD fully automated and dynamic for SL and TP . . are you sell for that EA/ manage account/ rent a signal ?
are you have blog or website for completed information about all your project/ EA ?
regards
sofian juniardi
currency trading is my live
Member Since Oct 28, 2009
1430 posts
Jun 07, 2010 at 10:00
Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?
Are you trading it live yet?
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Jun 07, 2010 at 14:11
sofianjuniardi posted:
thanks for your reply Balazs
i want to know what your offering about thats EA NightRide v2.26 used for that result, very interrest bechause only trade on EURUSD fully automated and dynamic for SL and TP . . are you sell for that EA/ manage account/ rent a signal ?
are you have blog or website for completed information about all your project/ EA ?
regards
sofian juniardi
I just plan to offer it's signals through the well know signal service providers.
I've already registered there, so you can follow the forward testing there as well. I will PM the link to you, it's not allowed to publish here.
Probably later I'll manage accounts as well, it depends.
I don't have any website for this, maybe later I have. Until now I did not have time to make it.
Regards,
Balázs
Jun 07, 2010 at 14:17
stevetrade posted:
Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?
Not yet. I plan to start it live around July.
I've started the forward testing in March it seems that the backtest and forward test results are quite the same.
Now I already started forward tests on different brokers then Alpari.
After 3 months I will make it live.
Regards,
Balázs
Member Since Aug 20, 2009
216 posts
Jun 09, 2010 at 17:57
(edited Jun 09, 2010 at 18:00)
Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.
Jun 10, 2010 at 14:25
stephanusR posted:
Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.
Stephanus,
I need to disagree with you or if you like I just partially agree with you. If you carefully read this article
it says that the 'MISUSE of data mining techniques that can lead to bogus results'. In our case this is the backtesting.
I totally agree with it, which means that if you write an EA with a certain number of parameters (more is better),
and start to backtest it heavily, I'm sure you will find some setups that results a positive balance. In this case you
hardcode / hardwire the past, hoping that the future will be the same. And that's a failure. A misuse of backtesting.
But I believe that if you want to develop a successful EA, it MUST preform on backtesting. So it's a required criteria.
So the key is the right usage of the backtesting tool. I think my quite sophisticated development / testing framework
satisfy this criteria. But time will tell...
Regards,
Balázs
Jun 28, 2010 at 05:22
Hi, i would be interesting in getting involved in such an EA, money mgmt/signal provider whatever.. i have faith in this system of S/R.. and price action.. let me know bcsendes, when ur ready to manage! juz gimme a msg.. thx
Get Rich & End World Poverty
Member Since Sep 15, 2009
20 posts
Jul 10, 2010 at 13:45
Why you stop the system ?
Member Since Aug 20, 2009
216 posts
Sep 29, 2010 at 14:07
(edited Sep 29, 2010 at 14:38)
bcsendes posted:
stephanusR posted:
Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.
Stephanus,
I need to disagree with you or if you like I just partially agree with you. If you carefully read this article
it says that the 'MISUSE of data mining techniques that can lead to bogus results'. In our case this is the backtesting.
I totally agree with it, which means that if you write an EA with a certain number of parameters (more is better),
and start to backtest it heavily, I'm sure you will find some setups that results a positive balance. In this case you
hardcode / hardwire the past, hoping that the future will be the same. And that's a failure. A misuse of backtesting.
But I believe that if you want to develop a successful EA, it MUST preform on backtesting. So it's a required criteria.
So the key is the right usage of the backtesting tool. I think my quite sophisticated development / testing framework
satisfy this criteria. But time will tell...
Balázs
The strategies section is only backtested , you have not yet forward tested this system. Unless you have an account under https://www.myfxbook.com/members/bcsendes ? With back tests we can run any set of arbitrary parameters , trying out thousands of different combinations. But this set of parameters will not work in a forward test because history never repeats itself.
Your back test ended May, if you were to back test from June, July, Aug, Sept then the system will fail.
Note that I differentiate between history and repeating patterns. It is possible to time the markets but this is based on patterns within historical events. These historical events EAs can't cope with
Member Since Oct 28, 2009
1430 posts
Sep 29, 2010 at 14:23
Stephanus,
I guess this is his live system here
https://www.myfxbook.com/members/bcsendes/nightride-40/33066
EurUsd currently 41% up since end of May this year
So, looks like it isn't failing
I guess this is his live system here
https://www.myfxbook.com/members/bcsendes/nightride-40/33066
EurUsd currently 41% up since end of May this year
So, looks like it isn't failing
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Aug 20, 2009
216 posts
Sep 29, 2010 at 14:29
(edited Sep 29, 2010 at 14:37)
stevetrade posted:
Stephanus,
I guess this is his live system here
https://www.myfxbook.com/members/bcsendes/nightride-40/33066
EurUsd currently 41% up since end of May this year
So, looks like it isn't failing
Thanks for pointing it out. We don't know his strategy thus we don't know whether the account he labeled NightRide uses the same methodology as this one. Note that saying he does use it is not acceptable , we need proof. But since he won' t reveal his method we can't falsify his assertion. It might be true or not, we can't say. Also note that the account had two months of negative equity. Just one month of negative equity would be a red flag.
Member Since Oct 28, 2009
1430 posts
Sep 29, 2010 at 14:36
True.
You know I'm not even sure that existence is real anymore. Am I a man dreaming I'm a butterfly or a butterfly dreaming I'm a man. Who knows.
You know I'm not even sure that existence is real anymore. Am I a man dreaming I'm a butterfly or a butterfly dreaming I'm a man. Who knows.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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