Angat » Wed Feb 11, 2015 1:25 am wrote:I never liked a one setting fits all strategy when it comes to an EA settings (TP,SL,JS). Having them determined by something like the pair's ATR seems like a much more dynamic way to go. Not only will the settings fit the individual pair better but they will also fit what's going on in the pair for that month.. low/high volatility etc.
Any other thoughts about this, please feel free to share.
PC as the originator of the strategy, I for one be interested to hear your thoughts on this? You think this is a good/bad idea to implement? Worth a considering? Or a waste of time. Your thoughts in this direction would be much appreciated.
Hey Angat, Ive traded trend for quite some years now with a certain methodology, I now use a couple of entries within that methodology, one of these entries is similar the the PP trade model. I use ATR based stops as my findings lean towards the ranges of each instrument being vital for longevity for optimising returns and minimizing losses during times when trend trading models enter periods of draw down.
I currently use a 1.5 x 20 period ATR as the stop, take profit is 1.9 x the atr pip stop.. Stop is moved to BE when the ATR pip stop distance is reached. I have the amount of entries set to 5, deleting pending orders in deeper corrections preferring only two trades or a max exposure of 1% per instrument ( 2x 0.5% ) and a max exposure of 4% per currency..
I hope any of this is info is of some use.. good luck to you and everyone trading this Week..
Cheers, J4D, Steve kindly incorporated ATR TP/SL into PPoS so I'll be testing different settings soon.
J4D » 21 minutes ago wrote:
Hey Angat, Ive traded trend for quite some years now with a certain methodology, I now use a couple of entries within that methodology, one of these entries is similar the the PP trade model. I use ATR based stops as my findings lean towards the ranges of each instrument being vital for longevity for optimising returns and minimizing losses during times when trend trading models enter periods of draw down.
I currently use a 1.5 x 20 period ATR as the stop, take profit is 1.9 x the atr pip stop.. Stop is moved to BE when the ATR pip stop distance is reached. I have the amount of entries set to 5, deleting pending orders in deeper corrections preferring only two trades or a max exposure of 1% per instrument ( 2x 0.5% ) and a max exposure of 4% per currency..
I hope any of this is info is of some use.. good luck to you and everyone trading this Week..
J4D, Do you have an indicator to quickly calculate the stop/TP or do you calculate this for each pair yourself?
Grtz
Hey Grtz.. I use the Attached... ATR in pips indicator.. it has a multiplier too.
I hope it helps ..
Thanks Ja.
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