fapturbo long term strategy - Page 3

Ken Long · #21 03-16-2009, 11:01 AM

Quote:

Originally Posted by mystikdragon7

SpanGator is the width of the alligators mouth in the alligator indicator. We use this to determine trade time and direction. It is the range in pips between the first and second Alligator line. If the range is less than your spangator settings (i.e. 0.5 or 5.0), then FAPS wont open any trades. So depending how tight or loose you want this indicator will factor in how FAPS trades for you.

I missed this one when I posted yesterday, it got lost in between all those pretty useless backtesting results. If you want to post backtesting results it would be a lot more useful if you just posted your conclusions and any pertinant data, rather than every useless detail.

Regardless, he comes to the same conclusion. Further, the moderator on the FAPT members board made a similar statement, that the SpanGator is the minimum distance between Alligator lines allowed to open a trade.

My own backtesting showed that a high SpanGator, over 1, limited trading excessively. In FAPS, on a higher time frame, this can work quite well. But my backtesting shows no benefit from this filtering, in all cases it reduced profits.

At best this filter will keep you from entering during tight consolidations, on the 1M time frame!! Not an emminent concern when your looking for 140 pips, and your filters are on the daily bars!!

The FAPT long term EA can really be broken down into two EA's. The original FAPS, on the 1M time frame, which it is suposedly based on, and the long term EA, which is simply a set of filters on the daily time frame.

Trying to use both of these interchangably towards the same goal is not going to work.

FAPS can run very well as a long term trader, simply by setting it on a longer time frame, either the 4H or the Daily with a higher TP and no other changes. However, keeping it on the 1M time frame and setting a higher TP level does not work.

FAPT long term EA can run reasonably well on its long term filters, without resorting to the use of the Alligator MA's on critical days, just skip entering trades on those days, it is not set up to trade the Alligator on a short time frame. This is probably the wisest way to use it at this point, untill the developers allow the base time frame to be altered.

Just look at what the indicator is showing you, and the EA's stated goals of 140 pips. The Alligator on the 1M time frame does not, and can not, show you the entry into this size trade. Even considering it as a short term entry into a longer term trade, it does not work.

jhansen · #22 03-20-2009, 03:45 PM

hi chris
any results of this lately? and did you turn off the prudent setting for good?
interested to hear your latest rewsults from this:-)

moneydream · #23 03-21-2009, 12:45 AM

Quote:

Originally Posted by Ken Long

I missed this one when I posted yesterday, it got lost in between all those pretty useless backtesting results. If you want to post backtesting results it would be a lot more useful if you just posted your conclusions and any pertinant data, rather than every useless detail.

Regardless, he comes to the same conclusion. Further, the moderator on the FAPT members board made a similar statement, that the SpanGator is the minimum distance between Alligator lines allowed to open a trade.

My own backtesting showed that a high SpanGator, over 1, limited trading excessively. In FAPS, on a higher time frame, this can work quite well. But my backtesting shows no benefit from this filtering, in all cases it reduced profits.

At best this filter will keep you from entering during tight consolidations, on the 1M time frame!! Not an emminent concern when your looking for 140 pips, and your filters are on the daily bars!!

The FAPT long term EA can really be broken down into two EA's. The original FAPS, on the 1M time frame, which it is suposedly based on, and the long term EA, which is simply a set of filters on the daily time frame.

Trying to use both of these interchangably towards the same goal is not going to work.

FAPS can run very well as a long term trader, simply by setting it on a longer time frame, either the 4H or the Daily with a higher TP and no other changes. However, keeping it on the 1M time frame and setting a higher TP level does not work.

FAPT long term EA can run reasonably well on its long term filters, without resorting to the use of the Alligator MA's on critical days, just skip entering trades on those days, it is not set up to trade the Alligator on a short time frame. This is probably the wisest way to use it at this point, untill the developers allow the base time frame to be altered.

Just look at what the indicator is showing you, and the EA's stated goals of 140 pips. The Alligator on the 1M time frame does not, and can not, show you the entry into this size trade. Even considering it as a short term entry into a longer term trade, it does not work.

I highly agreed with you. fapturbo long term should let us able to adjust any TF to use. The default take profit point is not working. I tested it a few time and it busted my account a few times when market in risky condition if I turn off some filter. If I turned on those filter then hardly any trade will get in high trending market situation where the EA is suppose to make profit for us with long term strategy at the time.

In conclusion, I still like the original FAPS much more than the fapturbo long term strategy.

Quote:

Originally Posted by chrisandrews12

I reset my spangator to 0.5 and have taken 3 consecutive losses!!

Not sure what the optimum setting is for the spangator, default or otherwise

I done several backtesting and found that optimum spangator can be set to 3.9 at 5 minutes TF. But then it only works for FAPS, not Fapturbo where you cannot set it up on EURUSD M5.

toms_supra · #24 04-02-2009, 08:14 PM

Chris,

Please post recent results of your long term testing. I traded your settings for about 2 weeks and overall it was very profitable. There were a few losses, but it was when a major change came up, so it ultimately saved itself big.

I've opened a live account now and put it to work, but no trades so far......

How has yours been doing????

Or anybody else's results that is trading the same settings - what is your current results?

chrisandrews12 · #25 04-03-2009, 03:36 AM

Quote:

Originally Posted by toms_supra

Chris,

Please post recent results of your long term testing. I traded your settings for about 2 weeks and overall it was very profitable. There were a few losses, but it was when a major change came up, so it ultimately saved itself big.

I've opened a live account now and put it to work, but no trades so far......

How has yours been doing????

Or anybody else's results that is trading the same settings - what is your current results?

Hi, no trades at all this week. Last week a couple of losses. I will produce a report over the weekend. Have been busy manual trading so not had much time to focus on the ea

toms_supra · #26 04-04-2009, 12:25 AM

Good stuff - I'm looking forward to reading it when you're done.

I hope it is overall worth it because I was demo-ing it with .01 lots and it seemed pretty good (not too much risk).

Let us know when you're done with the report.

Thx

FapturboMIKE · #27 04-05-2009, 03:48 PM

Quote:

This is probably the wisest way to use it at this point, untill the developers allow the base time frame to be altered.

Ken, thank you for your suggestion.

Next release will allow you to use fapturbo long term strategy on any timeframe you want, not only M1.

chrisandrews12 · #28 04-06-2009, 12:56 PM

still no trades since I last posted. My thoughts are to follow the thread on the long term strategy over on th fapturbo forum. You seem to get more testing variances there as well. Good luck