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POOLER/SAN Stunning generosity
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=925		 Page 19 of 29
Author:  That Trader [ Fri Nov 16, 2012 4:41 am ]
Post subject:  Re: POOLER/SAN Stunning generosity
Hello Pooler and his helpful team. I've been away from the computer for a few days to join the human race and see the sun, but now I am back in my computer cave.

Pooler was right in saying that I was running a few different setups of Strategy 1. I wanted to see how it breathed and reacted.

Pooler 1 :- Poolers Settings 2, and his trade times, on 28 markets ( so I could see how much each market traded, how it recovered etc.) It is still running.

Pooler 2 :- only difference was that I changed trading times, to the times I trade live, same start time but ending at 3rd hour of US session. Did it because I was curious. Bottom line.... ran out of margin. I turned it off.

Pooler Mine :- Some crazy settings to make this trade like an angry demon. And it did, till it to ran out of margin, so I turned it off.

I did these strictly for my own education, understanding, and testing of the ea. It cost me nothing but a few minutes of my time to setup.

They DID NOT reflect the way Pooler recommended to run his EA.

Having run these, I will run some more with what I have learned in mind, however......

I really can't wait to try out Pooler 2. Sounds like you guys are making great progress, and no doubt putting in a great deal of work. I look forward to being able to play with it both in demo and hopefully live. Keep up the great work. :D

Cheers That Trader Guy
Author:  Pooler [ Fri Nov 16, 2012 9:06 am ]
Post subject:  Re: POOLER/SAN Stunning generosity
Hi all,

Almost ready to go with new EA. Put your reading glasses on :)

See chart of GJ--The problem of the early levels closing only with breakeven is solved. I set the OR 20 pips from Pivot line (black line) which is quite low for the Jpy pairs--I normally set them at 30.

Price filled both Sell Limit (.02 lots)/Buy stop (.01 Lots) above black Pivot Line (128.910) at 02h29 (vertical green dotted line).
Then retraced with the next candle at 02h49 and filled Sell TP/Buy SL which was set at 60% of OR at (128.790).
Sell trade profit (12 pips x .02 lots = 24 pips/$ 2.88).
Buy trade loss (12 pips x .01 lots = -12 pips/-$ 1.49).
Nett gain from both trades 12 pips/$ 1.39.
If price hadn't retraced and took off like yesterday's EJ example the profit would have been incrementally higher.
Please note the Chandlier trailing exit didn't come into play here as price didn't move far enough.

Now flip/reverse everything above for the next trade

At 05h07 price filled Buy Limit (.02 lots)/ Sell stop (.01 Lots) below black Pivot Line (128.510) at 2nd (vertical green dotted line)
Then retraced and 2 candles later at 05h29 filled Sell TP/Buy SL which was set at 60% of OR at (128.620).
Buy trade profit (12 pips x .02 lots = 24 pips/$ 2.94).
Sell trade loss (12 pips x .01 lots = - 12 pips/-$ 1.33).
Nett gain from both trades 12 pips-/$ 1.61.

Add the two trades together then you have a total profit of 24 pips/$ 3.00.
See attached spreadsheet.
This trade would have whip sawed the hell out of most strategies but instead now you profit :o

When Steve started this thread for me 2 weeks ago (2 Nov) with Fx Pooler/San (the current EA FxPooler ver 2.1 on post 1)-- the weakness with that EA was too many levels being filled and creating draw down.

I then created the hedging strategy to reduce the draw down. In this process I realised that the Hedging strategy should be the main strategy and the original retracement EA should be the actual hedge for when prices don't run/trend.

You want to trade (opening of London/New York --or both) because now volume is good for you and you want to catch price when it takes off. (Break outs anyone?) ;)

You can also apply all the various ingenious filters that exist on various EA's on these forums to see when there is a move coming. (That might be a possible development)

But what if you're wrong and price "misbehaves"-- and it whip saws/ranges which always results in a loss and happens 70-75% of the time? If that happens the EA will scalp some pips (as per eg above). If price does takes off like yesterday, the EA will cash in properly and you don't have to worry that you get the exit wrong.

This solves my 2 fears --getting in at the right place and more importantly-- not being scared of exiting too early or too late. Every trade that now opens will always be profitable--just how profitable depends on you. Now you can trade with a smaller account because draw down is less as a result of the hedging effect with each trade.

Obviously, money management with lot sizes, leverage, amounts of trades will always still be important as there will always be draw down...just not as much as before (reduces by half--54%)

There are some issues with both sell/buy trades not opening at the same time due to spreads but Mantkinth has come up with a brilliant solution--he just needs to code it so we can test it.

My apologies for doing all this in the background but I first want to get the hedging strategy sorted and working before posting the end result on a new thread. Then everyone can poke and prod the new EA, kick its tyres (coders please look under the hood) and try to bend or break my strategy as I'm must surely be overlooking something.

I'd appreciate it if we can then achieve my original stated aim. If just one trader can stop losing money and make some peeps with the new EA then I'll be happy.

Nearly there. Appreciate your patience

Regards

Pooler
Author:  4exbob [ Fri Nov 16, 2012 2:55 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Pooler wrote:
My apologies for doing all this in the background but I first want to get the hedging strategy sorted and working before posting the end result on a new thread. Then everyone can poke and prod the new EA, kick its tyres (coders please look under the hood) and try to bend or break my strategy as I'm must surely be overlooking something.



Pooler
No need for verontschuldigingen .....
Just silently and patiently reading in the background.
Thumbs up for your persistence.
Will drop it in demo when released.

Grtz
Robert
Author:  Pooler [ Fri Nov 16, 2012 3:55 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Dank u wel. Alstublieft...

I tried new EA on as many pairs as possible 30 mins ago .

See account. Up 35 pips and draw down not too bad

I'll try and up date this as these trades play out
Author:  Pooler [ Fri Nov 16, 2012 4:12 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Ok,

10 mins later--up to 125 odd pips and draw down no problem
Author:  Pooler [ Fri Nov 16, 2012 4:57 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Chugging along

40 mins later. Account up to 5206--equity 5276, So far so good
Author:  DING [ Fri Nov 16, 2012 5:20 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Much Expecting your new release EA! :D

LOOKING FORWARD IT COME IN :)
Author:  Pooler [ Fri Nov 16, 2012 5:48 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Last post for the week. All pendings set to close 21h00

Account on 5340 at 19h30. There are still some issues which Mantkinth is working on.

But the basic strategy is spot on. NO trade ends in a loss. If price whip saws, you make money, if price ranges you make a bit more, if price trends you coin it. A couple of psots back I said my aim was

"The original strategy/idea is underpinned by the fact that I can never judge with any certainty which way price will go. To me the market is like the weather--a weatherman will forecast what the weather is going to look like tomorrow with far more accuracy than me but there are so many factors that he has to assess that it can never be an exact science--only a fairly well-educated guess. The only way I can be 100% correct is to say "tomorrow there will be weather". So come rain, sunshine, wind etc. I will always be correct with that statement. (Bear with me)

It's the same with market price. I have no certainty where it will go--just that it will go up, down or sideways and will definitely do all 3 continuously. My aim is to be correct with my trade no matter what direction it goes. Price action is 100% in charge--nothing else. I can only react to it as intelligently as possible while reducing the risk as much as possible....."

I think I've achieved the above bar a couple of tweaks and some fine tuning. But before I get too cocky here lets see when everyone can pull the strategy apart and we'll see if my thinking is sound.
Author:  SWG123 [ Fri Nov 16, 2012 7:06 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Appreciate all the detailed posts and innovative thinking Pooler. Like you, I'm wondering where is the Achilles heel? The coming days will be interesting...

Have a great weekend :D
Author:  Pooler [ Fri Nov 16, 2012 7:44 pm ]
Post subject:  Re: POOLER/SAN Stunning generosity
Ok absolute final post.

All trades closed. In just over 5 hours took $ 5000 demo to $ 5459.96 = 9.19% growth. Not one trade ended in a nett loss.

Have a great weekend

Pooler
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