BrainSystem: Trading System Development and Trades - page 9

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divad:
Hi Kubera

I have also been looking at this system and reading the manual again. When you say the charts have to match I presume you mean the signals match?

When you trade do you use the Brain Trend 1 stops?

What exit strategy are you using I have been looking at pivots and shortening stops when approaching. Your Fibo levels that are on your charts how are they produced?

Divad

Hi Divad,

Yes the chart signals have to mach, so the set of Brain 1 signals on the first chart have to agree with the set of Brain 2 signals on the 2nd chart.

I am currently using the Brain 1 stops.

The fibos are produced from the vegas 4hr tunnel method, http://www.freewebs.com/mswilson/

(If you haven't seen this before it is a very worthwhile read)

These are dynamic pivots and seem to be much more useful in this 4hr time frame than other kinds of pivot points. Looking back over the past in the 4hr chart we can see that price hits these fibo levels time and time again.

However I am using the Brain system to hold the trade as long as possible,ie follow the trend until it ends. The fibo levels could be used as exit good points, and they do provide a frame of reference as to where price is relative to its average. I think shortening aroung these fibo levels, (or any other line of major support and resistance), is a good idea. The tighter stop can be obatained as a brain 1 stop from a lower timeframe?

 

Hi Kubera

Thanks for the link very interesting.

Still reading but good idea to use stops from lower timeframes when there is a need to tighten stops.

You say you are in the UK so am I, what days / time of day do you find the best to trade. I only trade the majors normally 30 min / 1 hour using trend, pivots support and resistance this Brain system looks like it should help especially with the stops. Looking forward to seeing more of your results from longer timeframes.

Divad

 

I think Kubera will explain experience with H4 timeframe because it is really interesting. I've never even tried H4 and it may be an other settings and other experience.

First please find updated set of indicators which I am using and updated templates for H1 and M15 timeframe: https://www.mql5.com/en/forum/175323

 

I want to remind that I am using H1 timeframe with M15 confirmation.

Let's estimate the last week.

All the data below will be in the following order:

- Date (day/month).

- Time (alpati server time).

- "Yes" or "Not" mean confirmation on M15 timeframe: "Yes" means was confirmed.

- Then price to enter,

- Price for exit using Stochastic (see templates),

- Place for exit using one of the BTStop indicator (more distant stop),

- Profit (or lose) in p. for exit using Stochastic.

- Profit or lose in p for exit using one of the BTStop indicator.

First GBPUSD.

13/12 5 am sell Yes 1.7740 1.7683 1.7737 +57 +3

13/12 8 am buy No

14/12 10 am sell No

15.12 3 pm sell Yes 1.7669 1.7644 1.7667 +25 +2

16/12 6 am buy Yes 1.7654 1.7691 open +37 opened

So, totally for GBPUSD we have the following:

+119 (exit using Stochastic) or

+5 on exit on BTStop indicator.

 

For EURUSD.

12/12 2 am buy Yes 1.1833 1.1952 1.1939

13/12 6 am sell Yes 1.1952 1.1929 1.1946

15/12 2 am buy Yes 1.2013 1.1979 1.1977

15/12 4 am sell Yes 1.1973 1.1999 1.2020

15/12 3 pm sell No

16/12 1 am sell Yes 1.1947 1.1969 1.1977

16/12 6 am buy Yes 1.1969 1.1986 1.1963

16/12 4 pm buy Yes 1.2003 opened still opened

Totally:

+83 (exit using Stochastic) or

-7 on exit on BTStop indicator.

 

For USDCHF:

12/12 2 am sell Yes 1.2995 1.2963 1.2915

13/12 5 am buy Yes 1.2896 1.2942 1.2905

15/12 2 am sell Yes 1.2792 1.2824 1.2848

15/12 4 am buy Yes 1.2839 1.2826 1.2893

16/12 12 pm buy Yes 1.2892 1.2915 still opened

+56 (exit using Stochastic) or

+87 on exit on BTStop indicator.

 

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.

 

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.

 

interesting post guys. maybe can find something here also

another use of those indicators, trading it live from 6 months with good results.

I made a personal system called " Dynamite System" which has taken from braintrading, asc trend and other indicators all set up together. Just my 2 cents but if can help u.....

http://www.moneytec.com/forums/showthread.php?t=15670&page=27&pp=8

to newdigital, good the idea of using stoch, I used always 12,5,5

trading the 30mins 1hr and mainly 4 hrs (as kubera)

 
jtraderco:
interesting post guys. maybe can find something here also

another use of those indicators, trading it live from 6 months with good results.

I made a personal system called " Dynamite System" which has taken from braintrading, asc trend and other indicators all set up together. Just my 2 cents but if can help u.....

http://www.moneytec.com/forums/showthread.php?t=15670&page=27&pp=8

to newdigital, good the idea of using stoch, I used always 12,5,5

trading the 30mins 1hr and mainly 4 hrs (as kubera)

Yes you are right.

Sometimes I am playing with some indicators trying to find the better way how to use it. Everybody may post the systems to the 'Manual trading systems' section. It does not mean that systems should be ready to use in trading. Systems should be ready for discussion and for possible future improvements.

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