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Peaky on Steroids
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Author:  saintalan [ Wed Jul 12, 2017 11:11 am ]
Post subject:  Peaky on Steroids
firewight » Wed Jul 12, 2017 11:31 am wrote:...
I have the "Trade1PositiveSwapTradesOnly" set to false, yet I can see on the display that trades are not tradable due to swaps...

Could you please advise what I have missed?

...

Could there be a clue above the list of potential trades?
Author:  firewight [ Wed Jul 12, 2017 11:46 am ]
Post subject:  Peaky on Steroids
Oh I see! I was so fixated on the swaps I didnt see that margin error!

Thank you!

*edit* even when the margin is fixed, certain pairs display non tradable...
Author:  1Direction [ Wed Jul 12, 2017 1:41 pm ]
Post subject:  Peaky on Steroids
Steve do you think adding your standard shell breakeven tool (see bellow) could be beneficial to PoS?

I personally like to protect longer time frame (HTF) winning trades from turning back on me and turn back negative after being highly profitable.

I would set breakeven on the M30 and H1 trades to kick in at BreakEvenPips = +/- 50% of TP

Break even settings
:
set a break even stop loss after the price reaches the setting
in BreakEvenPips. You can use this in conjunction with the Part-closure routine
(details later), as well as a stand-alone routine.
◦
BreakEven:
set to true to enable this facility.
◦
BreakEvenPips:
the number of pips you want the market to move in your favour
before setting the stop loss to the order entry price, ensuring the trade cannot
turn into a loss.
◦
BreakEvenProfit:
will add this to the stop loss to a buy order, subtract it for a
sell order. My default of 2 pips means the sl is set to break even + 2, ensuring a
minimum of 2 pips profit. Set it to 0 if you do not want this feature.
◦
HalfCloseEnabled:
will close half the trade when the market reaches your
breakeven point. It is up to you to ensure that your lot size allows this.
Author:  SteveHopwood [ Wed Jul 12, 2017 3:26 pm ]
Post subject:  Peaky on Steroids
1Direction » Wed Jul 12, 2017 1:41 pm wrote:Steve do you think adding your standard shell breakeven tool (see bellow) could be beneficial to PoS?

I personally like to protect longer time frame (HTF) winning trades from turning back on me and turn back negative after being highly profitable.

I would set breakeven on the M30 and H1 trades to kick in at BreakEvenPips = +/- 50% of TP

Break even settings
:
set a break even stop loss after the price reaches the setting
in BreakEvenPips. You can use this in conjunction with the Part-closure routine
(details later), as well as a stand-alone routine.
◦
BreakEven:
set to true to enable this facility.
◦
BreakEvenPips:
the number of pips you want the market to move in your favour
before setting the stop loss to the order entry price, ensuring the trade cannot
turn into a loss.
◦
BreakEvenProfit:
will add this to the stop loss to a buy order, subtract it for a
sell order. My default of 2 pips means the sl is set to break even + 2, ensuring a
minimum of 2 pips profit. Set it to 0 if you do not want this feature.
◦
HalfCloseEnabled:
will close half the trade when the market reaches your
breakeven point. It is up to you to ensure that your lot size allows this.
Yes, I will add this at some stage - it is not hard to do. In the meantime, use MPTM to do the job for you, managing by magic number so you will need a separate mptm for each time frame you want it managing.

:xm:
Author:  SteveHopwood [ Wed Jul 12, 2017 3:36 pm ]
Post subject:  Peaky on Steroids
Javajames » Wed Jul 12, 2017 7:59 am wrote:Hi Steve,
At first a big thank you for all the good work you've done here. I have a suggestion for Peaky EAs and would like to know your opinion about it. It woud be using Renko bars instead of classical timeframes. For instance we could hace 4 different box sizes:3, 6, 9, 12. All the trading philosophy would stay the same....I like Renko charts in my personal manual trading, so maybe it could be an option.....and of course I have no idea of how much work it is for coding this option .....and if the improvement woud be worth it, so I needed just your opinion about it.
Just my two cents 8-)
They look soooo seductive don't they, all those Renko bars marching determinedly in one direction for bar after bar after bar, and then turning around and marching with equal determination in the opposite direction.

Blatantly obvious that only an idiot fails to trade Renko charts.

So why are we not all filthy stinking rich from following all those lovely long moves?

Look back as far as only one bar when you first fire up the chart and I guarantee that what actually happened at the time bore no resemblance to what is shown by the bar. The reason? Past Renko bars have to be constructed from the chart history; the only information held for each candle on the chart is the open, high, low and close prices. The composition of those past bars will come from a mathematical equation using the high and low of the candles.

All that happens when we try to trade Renko candles live is, we get chopped to blazes.

:xm:
Author:  1Direction [ Wed Jul 12, 2017 3:37 pm ]
Post subject:  Peaky on Steroids
Thank you Steve for the quick feedback especially knowing it's your birthday today :party: Have a great one!
Author:  SteveHopwood [ Wed Jul 12, 2017 3:39 pm ]
Post subject:  Peaky on Steroids
firewight » Wed Jul 12, 2017 10:31 am wrote:Hi guys. I would just like to say thanks to Steve and everyone who has contributed so far to the creation of this great EA!

I am setting it up for the first time, and have read through the manual, but still seem to be having an issue with swaps making certain pairs not tradable...


I have the "Trade1PositiveSwapTradesOnly" set to false, yet I can see on the display that trades are not tradable due to swaps...

Could you please advise what I have missed?

Thank you.

Cheers!
The tradable/untradable display refers to the position of the market to the top and bottom Sixths. Inside these extremes the market is tradable. Outside of them i.e. below the top and above the bottom, the market is not tradable.

:xm:
Author:  Javajames [ Wed Jul 12, 2017 3:41 pm ]
Post subject:  Peaky on Steroids
SteveHopwood » Wed Jul 12, 2017 4:36 pm wrote: They look soooo seductive don't they, all those Renko bars marching determinedly in one direction for bar after bar after bar, and then turning around and marching with equal determination in the opposite direction.

Blatantly obvious that only an idiot fails to trade Renko charts.

So why are we not all filthy stinking rich from following all those lovely long moves?

Look back as far as only one bar when you first fire up the chart and I guarantee that what actually happened at the time bore no resemblance to what is shown by the bar. The reason? Past Renko bars have to be constructed from the chart history; the only information held for each candle on the chart is the open, high, low and close prices. The composition of those past bars will come from a mathematical equation using the high and low of the candles.

All that happens when we try to trade Renko candles live is, we get chopped to blazes.

:xm:
I was talking about renko bars.....not Heiken Ashi, which is mathematical, Renko bars are different....not to be confused.....
so btw HAPPY BIRTHDAY :!!:
Author:  Dragonian [ Wed Jul 12, 2017 3:41 pm ]
Post subject:  Peaky on Steroids
:party: Happy Birthday Steve :party:
Author:  firewight [ Wed Jul 12, 2017 3:50 pm ]
Post subject:  Peaky on Steroids
SteveHopwood » Thu Jul 13, 2017 1:39 am wrote:
firewight » Wed Jul 12, 2017 10:31 am wrote:Hi guys. I would just like to say thanks to Steve and everyone who has contributed so far to the creation of this great EA!

I am setting it up for the first time, and have read through the manual, but still seem to be having an issue with swaps making certain pairs not tradable...


I have the "Trade1PositiveSwapTradesOnly" set to false, yet I can see on the display that trades are not tradable due to swaps...

Could you please advise what I have missed?

Thank you.

Cheers!
The tradable/untradable display refers to the position of the market to the top and bottom Sixths. Inside these extremes the market is tradable. Outside of them i.e. below the top and above the bottom, the market is not tradable.

:xm:
Ahh thank you very much for the clarification on this!

Cheers!
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