Peaky on Steroids

[tomele]

The SPB is a nice EA too but POS will make more money.

That is a very interesting statement. May I ask how you gathered this certainty?

Cheers
Thomas

[billv]

The SPB is a nice EA too but POS will make more money.

That is a very interesting statement. May I ask how you gathered this certainty?

Cheers
Thomas

Hi Thomas

I was only referring to its ability to trade 4 time frames which results in a higher number of trades.

Cheers
Bill

[rapple]

Earlier post from Gertje:
Nearly a year ago I started a demo to see what PoS was capable of, and it turned out beyond my biggest imagination.

Dear Gertje,

Congratulations on your efforts. Looks like you have developed a really nice system. Hope it performs as well live.

Would you be willing to share how to separated the pairs and selected lot sizes? Did you create an excel sheet that you can post. I would like to try and replicate your results with POS but am also thinking that your strategy may also be applicable to SPB where we can set different grid size or lots depending on the pairs behavior around the 6th

Any help would be greatly appreciated

Kind regards Richard

[Gertje]

Would you be willing to share how to separated the pairs and selected lot sizes?

Sure Richard,

I'll try to recover my thinking proces of that time.

The attached indi shows the 6th-distance in print in the left upper corner of the chart.
Maybe some other text is covering this, just put it on a fresh chart to see.
I made a list of all 28 pairs I'm trading [all major crosses, no exotic stuff], and wrote behind the name of the pair their 6th-distance.
Just with pen and paper, nothing fancy. I threw it away afterwards.

Then I just sorted these by what seemed logical groups, first 3 groups;
0 < 250
250 < 350
350 > up
Later I split the first group once more;
0 < 150
150 < 250

Then I figured what would be a sensible dollup for each group, and I wondered if 6th-distance = 1% would suffice. Knowing that dollup 0.01/$1.000 gives appr. 1% balance increase for every 100 pips profit, I pulled out my calculator and worked my way through the numbers.
150 pips 6th-distance gives 1% with dollup 0.01/1.500
250 pips 6th-distance gives 1% with dollup 0.01/2.500
350 pips 6th-distance gives 1% with dollup 0.01/3.500
And so on.
My goal was to have each pair attribute as much to the grand total, but also limit DD.

I setteld with dollup;
0 < 150 dollup 0.01/1.600
150 < 250 dollup 0.01/2.500
250 < 350 dollup 0.01/3.333
350 > dollup 0.01/5.000

I have the lotsizing set depending on balance instead of equity, so every recovery trade is at least the size of the original trade, and sometimes bigger after another pair made it to TP in the mean time. This makes sure that with 4 trades or more running, the basket is closed with profit.

Now and then you will notice that a pair in-/decreases it's 6th-distance due to history running "of the chart".
If I notice this, I move the pair to another setfile if no trades are open. If trades are running I let it work out and move it afterwards.

Hope this helps,
Gertjan

[SteveHopwood]

I have just received a PM from a member saying that the latest version is not making Recovery trades.

Anybody else finding this?

[hamburglar]

Sure Richard,

I'll try to recover my thinking proces of that time.

The attached indi shows the 6th-distance in print in the left upper corner of the chart.
Maybe some other text is covering this, just put it on a fresh chart to see.
I made a list of all 28 pairs I'm trading [all major crosses, no exotic stuff], and wrote behind the name of the pair their 6th-distance.
Just with pen and paper, nothing fancy. I threw it away afterwards.

Then I just sorted these by what seemed logical groups, first 3 groups;
0 < 250
250 < 350
350 > up
Later I split the first group once more;
0 < 150
150 < 250

Then I figured what would be a sensible dollup for each group, and I wondered if 6th-distance = 1% would suffice. Knowing that dollup 0.01/$1.000 gives appr. 1% balance increase for every 100 pips profit, I pulled out my calculator and worked my way through the numbers.
150 pips 6th-distance gives 1% with dollup 0.01/1.500
250 pips 6th-distance gives 1% with dollup 0.01/2.500
350 pips 6th-distance gives 1% with dollup 0.01/3.500
And so on.
My goal was to have each pair attribute as much to the grand total, but also limit DD.

I setteld with dollup;
0 < 150 dollup 0.01/1.600
150 < 250 dollup 0.01/2.500
250 < 350 dollup 0.01/3.333
350 > dollup 0.01/5.000

I have the lotsizing set depending on balance instead of equity, so every recovery trade is at least the size of the original trade, and sometimes bigger after another pair made it to TP in the mean time. This makes sure that with 4 trades or more running, the basket is closed with profit.

Now and then you will notice that a pair in-/decreases it's 6th-distance due to history running "of the chart".
If I notice this, I move the pair to another setfile if no trades are open. If trades are running I let it work out and move it afterwards.

Hope this helps,
Gertjan

Hey Gertje,

I have been following and testing your version of PoS 1e version.
I have some questions about your calculations for dollup and Recovery pips. Here is the content(Differences) of each of the set files you provided.

How are the Recovery Profit Pips calculated?
On the attached image what are you using for 6th distance? The "Distance between line"? and on what timeframe D1?

PoS H4 D1 MDP=100
Trade1SizeOfDollop=2500.0
Trade1RecoveryProfitPips=25
Trade2SizeOfDollop=2500.0
Trade2RecoveryProfitPips=25
MarketDistancePips=100

PoS H4 D1 MDP=150
Trade1SizeOfDollop=3333.0
Trade1RecoveryProfitPips=40
Trade2SizeOfDollop=3333.0
Trade2RecoveryProfitPips=40
MarketDistancePips=150

PoS H4 D1 MDP=200
Trade1SizeOfDollop=5000.0
Trade1RecoveryProfitPips=50
Trade2SizeOfDollop=5000.0
Trade2RecoveryProfitPips=50
MarketDistancePips=200

Thank you for your continued effort with this bot. Demo results have been great.

Jim

[Gertje]

Hi Jim,

I think you’re missing a lot of history/ bars on your chart, as the distance between lines for EURNZD is wayyyyyy bigger. See my image below.

040F4740-345A-4F6F-961A-4ABE5C454907.jpeg

And yes, I use the H4 distance between lines as the figure to differentiate the groups.

Also, these recovery pips you show are ‘old’, I changed these to the same number as distance between trades, so 50, 75 and 100pips.

Best,
Gertjan

[hamburglar]

Hi Jim,

I think you’re missing a lot of history/ bars on your chart, as the distance between lines for EURNZD is wayyyyyy bigger. See my image below.


And yes, I use the H4 distance between lines as the figure to differentiate the groups.

Also, these recovery pips you show are ‘old’, I changed these to the same number as distance between trades, so 50, 75 and 100pips.

Best,
Gertjan

Thank you Gertje,

Can you post your current set files?
Are you still using 1e?

Jim

[arkhonic]

Jim,

Jump in and contribute to FXTestify, the set files are all there.

Gertje, I need to thank you for the clarification on your process, it helps me understand what you are doing/think and allows me to incorporate it into my trading without trying to reverse engineer it.

[Gertje]

On the attached image what are you using for 6th distance? The "Distance between line"? and on what timeframe D1?

Jim

Hi Jim,

Just wondering, did you change the number of bars in the setting of the indi to 1682 (or what ever is used in PoS)?