The Beast stirs. He's got a slope.

[Jemook]

I haven't researched how The Beast trades but be careful with holding the counter-trend trades based on H1 slope values. It may only be a small retracement and then continue with the trend. A counter trend trade based on H1 should only be held if H4 follows and then held even longer if D1 follows. Hope this makes sense but good luck coding that up, it hurts my brain just thinking about it.

[macman]

Just want to know how good the Beast is

backtested the Slopie Beast with this params:

Symbol AUDJPY (Australian Dollar vs Japanise Yen)
Period 4 Hours (H4) 2012.01.02 00:00 - 2012.07.13 20:00 (2012.01.01 - 2012.07.15)
Model Every tick (the most precise method based on all available least timeframes)

http://www.stevehopwoodforex.com/phpBB3 ... ew&id=6687

Thanks for the contribution, but your screen shot clearly shows a 45% modeling quality which makes this result meaningless.

The Empty4 back tester is fairly meaningless anyway, even with 90+% modeling quality, so I have to advise anyone reading this to disregard your findings - sorry

[Bunker]

So here it is:
- Retracement during a Bullish trend: D1 >= 0.8 AND H1 < 0.4
- Retracement during a Bearish trend: D1<= - 0.8 AND H1 > - 0.4

Nice post Bunker. Thanks.

At some stage over the next few days a new form of CT trading will appear - TradeBunker, fully configurable so we can play with it.

Steve,
I don't deserve such an honor... and the funny thing is that my wife is Vietnamese
So...I'm not sure how she would interprete that I made a contribution to the Slope Beast

Cheers!

Bunker

[SteveHopwood]

So here it is:
- Retracement during a Bullish trend: D1 >= 0.8 AND H1 < 0.4
- Retracement during a Bearish trend: D1<= - 0.8 AND H1 > - 0.4

Nice post Bunker. Thanks.

At some stage over the next few days a new form of CT trading will appear - TradeBunker, fully configurable so we can play with it.

Steve,
I don't deserve such an honor... and the funny thing is that my wife is Vietnamese
So...I'm not sure how she would interprete that I made a contribution to the Slope Beast

Cheers!

Bunker

She won't have a problem. It is a Slopey Beast - not the same thingy at all.

[yamez]

Just want to know how good the Beast is

backtested the Slopie Beast with this params:

Symbol AUDJPY (Australian Dollar vs Japanise Yen)
Period 4 Hours (H4) 2012.01.02 00:00 - 2012.07.13 20:00 (2012.01.01 - 2012.07.15)
Model Every tick (the most precise method based on all available least timeframes)

70% draw down. Your risk is way, way too high. Sooner, rather than later you would blow your account. Even if you could stomach that amount of drawdown, you would be gambling, not trading. Consider too that you would have been trading other pairs which effect your floating DD.

[fxozgirl]

So here it is:
- Retracement during a Bullish trend: D1 >= 0.8 AND H1 < 0.4
- Retracement during a Bearish trend: D1<= - 0.8 AND H1 > - 0.4

Nice post Bunker. Thanks.

At some stage over the next few days a new form of CT trading will appear - TradeBunker, fully configurable so we can play with it.

Nicely put Bunker...

Look forward to having a look at this one Steve

[droland]

Extremely glad to see Macman joining this Forum. Excellent!!

[slowkey]

Steve,

I have been looking at Slopey Beast in visual mode in the Empty4 tester. I am not seeing any pending counter trend trades being placed. Maybe Slopey is a little to sophisticated for the lousy tester though. I am seeing very delicious white box trades. I think slope will be huge in the white box. This is with hedging off. I think this will be a big plus for us in the US. Looking forward to seeing this on a Demo next week.

[SteveHopwood]

Steve,

I have been looking at Slopey Beast in visual mode in the Empty4 tester. I am not seeing any pending counter trend trades being placed. Maybe Slopey is a little to sophisticated for the lousy tester though. I am seeing very delicious white box trades. I think slope will be huge in the white box. This is with hedging off. I think this will be a big plus for us in the US. Looking forward to seeing this on a Demo next week.

The market has to move a long, long way to reach the outer lines that trigger ct trades. Most likely Slope will be showing the opposite direction by then, so ct trades will not happen. We will probably find that Slope cannot be applied to Sixths trading.

[Jemook]

(I somehow posted this under Bunkers name?! If I edited over the top of one of your posts I'm sorry mate!)

So we have a definition for Slope Trend, Slope reversal and maybe Slope retracement…let’s dig up those old successful EAs from that Archive thread (Reversi, FTLR, Trendi...) and give them a new life!!

Cheers mate! I'm glad you can follow along easy. EA's are fun and all but my advice to everyone on this forum is learn to trade this stuff manually. If one day one of The Hopwood Crackheads stumble across the holy grail you'll all be the first to know. It's very rewarding for the coders and a lot of fun but if you want to learn to TRADE then there's no substitution.

Watching the markets breathe day in and day out is breathtaking when you feel like you have a handle on what it's going to do next. 10.2/a can get you there but you won't get it unless you are consistently trading a single variant of these strategies. If you jump around trying to get these crazy EA's to work you are wasting time unless you understand 10.2 / The Beast and know what they are doing.

And Bunker you seem like you have a handle on things so please, continue.