Peaky on Steroids

[billv]

After switching the focus to the D1, the performance improved. I recovered from 40% DD after that

Hi Gertje

I'm trying to get a feel for the strategy.

How did you get to 40% draw down?
Since you are trading higher timeframes the distance between trades would be high so you would not have many trades open in each currency pair.

Was the 40% due to multiple timeframes and several correlated currency pairs and if so, was your lot size too high? Do you remember which currency caused the problem and the max number of -ve trades?

Sorry if I ask too many questions, but I want to understand the risks because I will start trading this strategy.

cheers

[billv]

While I appricuate your efforts, I will stick to 1e.
The thing is that I don't want 2 timeframes trading in the same direction simultaniously at all.
It will end up in doubling the exposure on a retrace, no matter what.

Ok no problem :hi:

But I don't believe that you would double up your exposure.
Ok at times you will have additional trades placed but they will be spaced out
so it will not be the same as before where trades were often placed on top of each other.

The problem with trading 1 timeframe is that we will not be making enough money so we will be tempted to trade bigger size and 1 larger trade is worse than 2 x 1/2 sized trades because the 2 smaller trades will not be allowed to be placed simultaneously and at the same price.

Anyway, I will be testing the EA over the next few months and will report back with results.

cheers

[adamir]

Sure,
see attached.

1f and 1g didn't work for me, hence the older 1e.

Question of beginner: Should EA be traded nonstop or close all positions before the weekend?

[Gertje]

Sure,
see attached.

1f and 1g didn't work for me, hence the older 1e.

Question of beginner: Should EA be traded nonstop or close all positions before the weekend?

Depends on the timeframe.
I let them run, even during x-mas.
D1 trades tend to run for weeks.

[Gertje]

Ok no problem :hi:

But I don't believe that you would double up your exposure.
Ok at times you will have additional trades placed but they will be spaced out
so it will not be the same as before where trades were often placed on top of each other.

The problem with trading 1 timeframe is that we will not be making enough money so we will be tempted to trade bigger size and 1 larger trade is worse than 2 x 1/2 sized trades because the 2 smaller trades will not be allowed to be placed simultaneously and at the same price.

Anyway, I will be testing the EA over the next few months and will report back with results.

cheers

I have it set on H4, no magic#, no comment.
If I see an opportunity on D1, I enter manually and the EA will pick it up with the same settings as the H4.

This way I trade 2 timeframes, without the risk of doubling the exposure like I had before.

[SteveHopwood]

I have deleted a few posts her tonight. Try not to feel hurt if yours was one of them. You were only trying to help. You failed, but you were doing your best.

I have seen threads disintegrate into chaos on less well regulated forums than SHF, where umpteen members are posting umpteen versions of an EA, all with their own personal 'improvements'. The end result was always the death of the thread.

This is not allowed to happen at SHF, so I have deleted the posts offering alternative versions of PoS and will continue to do so in the future. You are not allowed to post alternative versions of PoS here.

Feel free to set up different threads under the Peaky Forum umbrella. Maybe you will hit on an even better formula that that which I offer here. I will gladly divert attention to it if so.

This forum is about the PoS I offer in post 1. I repeat, for the benefit of those to stupid to have noted it before: you don't like it? Go elsewhere. There are some magnificent EA's being traded live these days. Try one of them.

I shall have an updated version coming soon. I note that some of the dafter members are concerned that PoS can sometimes enter trades at the same price on different time frames. Being 'concerned' about this shows that you do not properly understand what PoS is all about and I think you are idiots. In the spirit of knowing that I am not omnipotent in these matters, the next version will contain code that is intended to prevent this. It took less time to add the code than it took to write the insults about the people needing it, so no harm done to PoS. I have another idea to add, but that will take a bit longer, so the release will be some time soon.

[SteveHopwood]

After switching the focus to the D1, the performance improved. I recovered from 40% DD after that

Hi Gertje

I'm trying to get a feel for the strategy.

Join DFC.

[Gertje]

Join DFC.

[SteveHopwood]

It has been a strange night here on Planet Steve.

I fell fast asleep after eating some tea and awoke to a clock purporting to tell me that it was around about 3.00 AM, so I tottered off to bed.

When I awoke a few hours later, it was actually not much after midnight. So there I was having had the equivalent of most of a full night's sleep yet with a whole day in front of me.

Bear in mind when you read what is coming that the first thingy I did was: pour myself a very large malt.

A bit later I poured myself a second very large malt.

I am currently on the third. Please forgive upcoming bluntness. Not that I care whether you do or not, of course.

V 1h is in post 1. You will be happy to know that I coded most of it before tonight. I note that some of you are exercised by the fact that PoS sometimes takes different time frame trades at the same price. To me, that merely shows your ignorance of what PoS is about. You could always try reading the user guide. Difficult concept to grasp I know, but it does contain some useful information.

Staggering as this might appear, I do occasionally admit that I might be wrong. Only "might" here, mind. I still think that all you exercisers are barking at the wrong moon.

1h includes the new input MinimumDistanceBetweenInitialTradesPips at the top of the "Trading Time Frames" inputs section. This is intended to prevent different time frames from sending trades less than MinimumDistanceBetweenInitialTradesPips apart. It is for the ignorant and stupid. Use it if you are a moron.

I have also included some more code intended to counter over trading. The bot sends pending trades whenever our margin level is above our chosen MinimumMarginPercent. These trades filling can carry us below this safety level, so PoS should now delete pending trades that would initiate a new trading cycle, when our margin level drops below MinimumMarginPercent. It will not do anything about fill-the-gaps trades.

I have hacked Thomas' wonderful DisplayMatrix() code to make a better chart display. Thanks Thomas. You are a star.

Compile the source code and view the "possible loss of data due to type conversion" warning that this throws up at line 1173. Then go to line 1192 for a comment that explains my cluelessness here. Any solution gratefully received. Any member complaining about this shows that he/she/it could not be arsed to read this post properly and receives an instant SHF ban.

Just gone 3.30 in the morning here in the UK and the third vlm is a long way down, so I had better stop before I insult any more SHF members. Maybe the Land of Nod will recall me.

Happy Christmas folks. Here is hoping that PoS will help us make profits in the New Year.



Later note: the Land of Nod failed to recall me so I am looking at a very strange day coming up. Hey ho.

[danjuma]

A merry Christmas to you Steve, and thanks for your generosity. Just a quick question. Is there a reason why PoS does not have the option of hedge basket for recovery (ie. after a user-specified number of trades for a particular pair is reached, the trades get treated as a basket to be closed for profit or BE, like you have in some of your other EAs). I have read PoS thread and user guide. Thanks