Hi there,
Looking forward to dig into Lifesys great mods, I put the custom EA (PPos2) on my VPS per instructions, but it does not set any pendings, even if there seems to be 4-5 valid setups. (trading times etc are correct)
Did I miss something? Do any of you guys have any pendings this Tuesday morning with Lifesys modified EA? The dashpanel also seems to indicate potential trades...
I tried to attach original PPOS just to see if it was my broker (GP) but this one fires off pendings, but your custom EA did not....wonder why?
Anyone?
Thx for any help.
PC
Lifesys » Fri Jul 10, 2015 1:07 pm wrote:Attached PPoS2 and PPoSDashboard.
A. No change to basic trading strategy but a few mods implementing some suggestions on this thread & ideas gleaned from many SHFTF coders with thanks.
As a mathematician more than an experienced trader, included a few tweaks to Steve's brilliant EA for efficiency without changing process.
1. Added LongerCount = 20; // uses 20 Trading cycles instead of last Mn1[1].
2. Added MediumCount = 5; // uses 5 Trading cycles instead of last W1[1].
[This means trend directions are more current but as yet no proof of improvement - requires compare on 2 accounts.]
3. Added TradingDojiPercent = 3; // allows trade if a 3% body Doji "Trading" candle, instead of strict Close > or < Open. Doji may indicate reversal but not sure I would use this!
4. Added Trade lights on each PPoS2 chart (idea from Elixe's FX1DO Dashboard). NO guarantees on accuracy of Stoch or Trading - but gives quick visual guide.
Code tweaks
5. Replaced many &&'s with nested IF's. "&&"s require all terms to be evaluated. Nested IF's move on as soon as any 1 condition fails - far less CPU use.
6. Simplified priceFloor(..), priceCeiling(..) & CalculateLotSize(..) code with a single line equation using PipFactor & pipVal - apologies Elixe !
[When we know the value of a "pip" (pipVal) we can simply determine lot size for any Risk & Stop value. Original code left, but remarked away.]
I use 1% risk rather than fixed 0.01 etc. so theoretical 6% ea. risk if Main & 5 Multi trades started. Given 'Multi' pending orders overlap (& expire on Fri anyway), this is impossible as earlier trade TPs must be hit before later ones turn on.
Backed up with +4% CloseAll+ve & -20% 'CloseEverything' So far max drawdown from PPoS was ~7% but hits +3% in a day regularly.
Trading set for 1st 1/2 hour of weekdays 2-5, not 1st of month nor after 23rd & all pendings expire server 1600hrs day 5.
Note : as inputs changed, basic set file does not apply.
B. PPoSDashboard - idea/code from Elixe - shows directions, Stoch "overs" & if trades are deemed possible (no guarantees).
Run on plain black chart, click on pair button to open a "default" 240 chart.
Shows no. of current & pending trades for each commodity, current Prof/Loss (& Total) + Pips2Trade (no. Pips in either direction to the nearest Pending order price).
I use this with 27 PPoS charts open, don't pick & choose, let the EA do the job.
This image was taken today after drop & day reversal of AUD but with MainTrade MarketOrder = true; just to see what happens. AUDUSD is expected to drop to 0.72 soon. [GU trade was a manual PriceAction]
Plan no further mods. re reducing losses, as this seems to work very well & losses are well covered with persistent small gains.
Thanks to Pipcruiser :hi: & Steve for great Trend=Friend turbo system.