Peaky on Steroids

[acostafulano]

1.PNG

After a couple of months of good, stable trading (0.01 lots), around 15 pairs, CHF is giving me a beating over the last few days on my live account.

The closures that you see are a SL of 320 pips that I decided was my comfortable level of security. It has been working fine with some ocassional closures that kept DD at bay.... until it didn't.

Here are the setfiles I'm using, minus some pairs chosen by me manually. Some pairs running with AWESOME as well, on the M1 timeframe.

v1j unt 512 PoS-FG 25-NoClos-TP6-R20.set

v1j 524 PoS-FG 25-NoClos-BTP2.set

Gertjan how have you managed to keep DD below 20%??

I really like this EA but I realized that I'm still far from turning it into a consistent money maker.

[Gertje]

For sure trading the higher TF’s helps., combined with lotsizing and spacing between the trades.
Below the current status of the demo I’m referring to.
Despite 2 pairs having over 4% DD each, the overall DD is just over 1%.
There are 3 CHF crosses trading right now, 1 is in DD, 2 are making a healthy profit.

9AC8CF0B-D075-4F6D-BA80-BCCC8321ECC3.png

[acostafulano]

What type of trade closure are you using? I think you mentioned no TP/SL, right?

For sure trading the higher TF’s helps., combined with lotsizing and spacing between the trades.
Below the current status of the demo I’m referring to.
Despite 2 pairs having over 4% DD each, the overall DD is just over 1%.
There are 3 CHF crosses trading right now, 1 is in DD, 2 are making a healthy profit.

[Gertje]

What type of trade closure are you using? I think you mentioned no TP/SL, right?

TP @ 6th

[Gertje]

What type of trade closure are you using? I think you mentioned no TP/SL, right?

This week 2 pairs closed, CADJPY and NZDJPY;

126CF370-966D-42C6-8269-208796064B09.png

[Gertje]

42D74049-F978-4004-A070-5A9A7C3D83ED.png

[Gertje]

4734380C-65FB-44B1-8D7F-D38313ADDCC2.png

[Gertje]

Dang!
I should have put a trailing stop at these......

[Wavegarrick]

Hi Diego,

CHF is giving me a beating over the last few days on my live account.

Here is the reason I believe you struggled with the swissy pairs.

If you look at the chart below, you will see that if you had POS set on peaky 4 hrs 1682 candle look back ( Orange block) sell stops would have triggered just below the peaky line. Yellow highlight. An immediate reversal thereafter, hence drawdown. I assume you are trading peaky on the 4 hr chart.

We need an extra filter here. I normally look at HGI on the 4 hr timeframe, I suppose you could use the 1hr timeframe as well, and if I get a trend arrow on the 4 hr timeframe I will take the trade in the peaky zone.

If my trade reverses with a trend arrow or wavy signal in the opposite direction I will cut (close)the trade.

In my example peaky on EURCHF will go all the way to peaky in the red block area on the chart If we do not have an Hgi trend reversal sell signal very shortly (1682 candle look back on the daily time frame and some 300 pips up) . Currently Hgi trend signals on the 4hr timeframe are up, and I am waiting for a trend sell signal for an entry. This means an immediate market order.

So if we relate this to the Ea we will have to have an option to choose immediate market orders or sell stops. In addition to the ability to open and close reversal trades on Hgi trend or wavy signals.

I have been trading Peaky manually with this method, quite sucessfully.

Cheers
Leon

[SteveHopwood]

We need an extra filter here. I normally look at HGI on the 4 hr timeframe, I suppose you could use the 1hr timeframe as well, and if I get a trend arrow on the 4 hr timeframe I will take the trade in the peaky zone.

Before I add the filter, can you confirm please that you mean an HGI signal in the here-and-now, rather than the most recent one.