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Plug-ins for OmniTrader
What's your experience with XLS-19 V2?
Last Activity 12/24/2017 1:50 AM
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Wynn

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Subject : What's your experience with XLS-19 V2?
Posted : 5/18/2017 12:04 PM
Post #41051

I've been paper trading XLS-19 V2 for about 10 days. My experience is:

- I've traded about 9 trading days since May 2nd. I missed two days as I failed to get OT Autotrader upen in time for the evening update.
- However, I closed 15 trades with 11 of 15 profitable, or 73% - pretty much as advertised.
- Of the profitable trades, most are steady average gains, while two of the losses are sizeable in comparison.
- I can't relate exact PPT% as when I missed the closing runs, I think I missed a couple of SELLS which may have magnified my losses on two of the four loss trades. It appears to me that my PPT% would be about as advertised, as well.

I am anxious so see my results this evening after the Portfolio Update in light of the large market drop on May 17th. I.E. how did XLS-19 behave when volatility set in.

All of my testing is with an "Out of the box" setup. Thanks to Jeff for a good setup!!

I'll keep you posted on my results moving forward. I would appreciate if others would share their real world results, also.

Many thanks,

Wynn
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Barry Cohen

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 5/18/2017 2:40 PM
Post #41054 - In reply to #41051

Thanks for posting this, Wynn! Out of curiosity, are you using the Market on Open trade plan that came with it or did you swap out the trade plan in the strategy? Also, are you closing trades or letting the trade plan close trades?
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Wynn

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 5/18/2017 3:49 PM
Post #41055 - In reply to #41051

Hi Barry,

I'm using the MOC Trade Plan and letting the TP close the trades.

Wynn
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Wynn

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 5/31/2017 10:06 AM
Post #41076 - In reply to #41051

Picking up on my last post, I've been testing XLS-19 V2 for about a month.

My live PAPER TRADING started May 2nd. Over that period the software took 24 trades over 8 trading days. 18 wins and only 4 losses. That's about an 83% hit rate. Pretty darn good!! My PPT% is about .80%. Trades lasted 2-4 days. I'm using the plugin "out of the box" with the Market on Close (MOC) trade plan and Jeff's provided list of 183 symbols from the Nasdaq 100 and the S&P100.

My conclusion is you are not going to get rich trading this plug-in out of the box unless you are trading large trade sizes. It troubles me when the discussion of plugins fails to take into account the real world constraints of trade size and "good trading judgement." Understanding this is not the same for all traders, it is a big concern for me. However, I like this plugin as it is a 2-4 bar ABT and it can run quite well in AutoTrader. I'm a big fan of AutoTrader as it takes the emotion out of my daily trade decisions.

So, with these results, I set out to improve my stats without getting into OmniLanguare coding and such. I'm not able to work at that level yet, so I need to keep my tweaks at a more basic level. After many days of testing and tweaking here is what I have achieved.

Referring to Jeff's terrific teaching video, I set out to juice the out of the box results. First, I substituted a new 235 symbol Symbol list. One that had only symbols with and upward left to right chart bias. I ended up reducing the Profit Zone filter to 1 to allow more trades through. Then I added a TradeScope Pro filter set to >+3 and using "Symbol" TradeScopes as opposed to "Global" TradeScopes. "TSB(-1,"Name of TradeScope") > 3" to constrain my first change while guaranteeing all trades would have a bias to the upside based on past chart patterns. I tested MANY combinations of both filters and ended up with these settings. My backtest period was from 1/02/16 to 12/31/16 with a forward test period from 1/02/17 through 5/30/17 (17 months total.) I'm using the MOC Trade Plan. So, basicly the changes are two filter changes, a symbol list biased to the upside. the introduction of TradeScope Pro to further insure upside bias and the MOC Trade Plan.

Here are my results with the same Backtest/Forward test period. (See attached Image):

941 trades (about 2-3 per day)
81.1% H/R
454.4% Ave Annual ROI
13.2% Max DD
34.4 Calmar Ratio

I realize these numbers are a bit breathtaking, but the Hit Rate coincides almost exactly with my live paper trading experience over the last month.

Lastly, many thanks to Jeff for a great Plugin opportunity that pairs well with AutoTrader, Nathan and Thad for their patient help, and all of you for providing me with a lot of help and super ideas on the forums over the years.

Please let me know if you have any questions.

Best to all,

Wynn

Attached file : XLS-19V2t_1.png (83KB - 64 downloads)

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John J

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 6/1/2017 4:19 PM
Post #41078 - In reply to #41051

Hi Wynn,

Remarkable results, but unfortunately I'm not able to replicate it. I tried applying it to the "Big Bulls" Nirvana list, but the results are not even close to your results. I managed to eke out a 15% ROI whereas you got a staggering 1432% ROI..!? The results were even worse when I ran the back test in a dynamic "Big Bulls" list...

Could you please clarify whether any other filter settings were modified?





[Edited by John J on 6/1/2017 4:22 PM]

Attached file : Capture1.JPG (122KB - 252 downloads)

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Wynn

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 6/1/2017 10:13 PM
Post #41079 - In reply to #41051

John,

My explanation of the Filters is accurate.

I ran a quick run on Big Bulls - while not badm the results were not near as good. A couple of observations.

- The charts in Big Bulls for the most part do not move in a smooth upward pattern. Too much zig-zag up and down. I looked at a few charts in Uptrending Stock over $XX and they look much better. You might try working with that Scan. My particular file was imported from another software package and this file features stocks that exhibit this pattern exclusively and are generally good quality stocks.

- Secondly, I noticed that you are using the BREAKOUT TradeScopy. I trained my own TradeScope, but based it on the Swing TS. I had to brush up on the details of TradeScope Pro so I went back and reviewed the three TS educational videos from Jeremy Williams. The third one deals more specifically with building a custom TS. But, I think if you will build your own TS and base it on the Swing TS you will do much better. I recall testing on Breakout TS and it was not so hot.

BTW, Just running Big Bulls through my setup with no tweaks yielded a 30% AROI with a 5% MDD and an 80% hit rate. Not terrible.

Good luck,
Wynn
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John J

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 6/2/2017 10:27 AM
Post #41081 - In reply to #41051

Thanks Wynn,

Ran through most of the Nirvana lists and the ROI seem to top out at 30%. A far cry from your 1400% for sure. Not sure how you were able to handpick that list in order to produce those results..?

On a side note, running the back tests on dynamic lists seem to degrade the results, which surprised me..??
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Wynn

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 6/2/2017 1:32 PM
Post #41082 - In reply to #41051

I'm not trying to be coy about the list, but the list is a propitiatory list from a Nirvana competitor. I'm just not comfortable naming the source on a Nirvana forum out of respect for Nirvana. I've got several man-days of testing in this project. Nothing anyone else can't duplicate. My beginning premise was, "How can I improve the odds of success of Jeff's fine plugin?" My conclusion was, (a.) use a better list of symbols. Charts that have smooth movement from lower left to upper right (i.e.a predictable upward bias) and (b.) Tradescope the symbols that make it through the filters to further ensure a superior upward bias as they snap back to the mean.

I'd start with the Nirvana scan list that I mentioned above, finesse the results by repeated testing, then improve the results by using the best options of TradeScope Pro, then test, test, test to get the best results you can.

Wynn
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Jim Dean

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Subject : RE: What's your experience with XLS-19 V2?
Posted : 6/2/2017 1:59 PM
Post #41083 - In reply to #41082

fwiw ...

imho, testing with any "specialized" list needs to be based on dynamic rules if the desire is for backtest results to hopefully be duplicated in the future.
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