matt_32 » Fri Jan 23, 2015 9:43 am wrote:Hi all,

I've been using Pipmasher (PM) for a while now with extremely positive results. In my quest to try and improve PM (a very difficult task, since it is already a killer strategy) I've developed a new version (ie Gama version) that can generate a lot more cash than PM. Now this method is basically PM coupled with multiple pending orders, like the ones that Bob uses in HGI.
The idea here is that instead of placing just one pending order under the last daily candle, we place a series of pending orders 20 or so pips apart from each other with a TP of 20 or 30 pips. The number of pendings depends on my TP. Mostly a SL of 1x Daily ATR and a TP of 3 x Daily ATR, so If my TP is 300 pips away from my entry then I would place 15 pending orders 20 pips apart from each other, and each one with a TP of 20 or 30 pips
In order to maximize my profits I use the idea of letting my profits run by removing the TP on the first pending in the series. This leaves me with only one open order (after all the other pending’s have hit TP) that closes last thus maximizing profits.
If the daily candle gives us another entry opportunity we delete all pendings left on the table and repeat the same process by placing new pendings up to our new TP. The open trades that are still active are left on the table.
At the end of the week I go through the charts and decide which trades to keep and which trades to close. I usually close all trades that are in a retrace and hope to catch them again next week.

Hope you enjoy it
Matt
:hi: :youknow:

matt_32 » Fri Jan 23, 2015 11:43 am wrote:Hi all,

I've been using Pipmasher (PM) for a while now with extremely positive results. In my quest to try and improve PM (a very difficult task, since it is already a killer strategy) I've developed a new version (ie Gama version) that can generate a lot more cash than PM. Now this method is basically PM coupled with multiple pending orders, like the ones that Bob uses in HGI.
The idea here is that instead of placing just one pending order under the last daily candle, we place a series of pending orders 20 or so pips apart from each other with a TP of 20 or 30 pips. The number of pendings depends on my TP. Mostly a SL of 1x Daily ATR and a TP of 3 x Daily ATR, so If my TP is 300 pips away from my entry then I would place 15 pending orders 20 pips apart from each other, and each one with a TP of 20 or 30 pips
In order to maximize my profits I use the idea of letting my profits run by removing the TP on the first pending in the series. This leaves me with only one open order (after all the other pending’s have hit TP) that closes last thus maximizing profits.
If the daily candle gives us another entry opportunity we delete all pendings left on the table and repeat the same process by placing new pendings up to our new TP. The open trades that are still active are left on the table.
At the end of the week I go through the charts and decide which trades to keep and which trades to close. I usually close all trades that are in a retrace and hope to catch them again next week.

Hope you enjoy it
Matt
:hi: :youknow:

matt_32 wrote:I've received a few PM's about the my method and I need to clarify a few things...
Pipmasher Gama is not an automated system, it is merely a hybrid approach that I use. The way it works, at the moment, is by letting Pipmasher EA do its thing and then intervene manualy by adding pendings up to where my TP is (which is usually 3XDaily ATR). I use the scripts provided by Steve in HGI forum (http://www.stevehopwoodforex.com/phpBB3 ... p?id=43086) to place my pendings.

Matt

Louisetano » Sat Jan 24, 2015 12:08 pm wrote:

matt_32 wrote:I've received a few PM's about the my method and I need to clarify a few things...
Pipmasher Gama is not an automated system, it is merely a hybrid approach that I use. The way it works, at the moment, is by letting Pipmasher EA do its thing and then intervene manualy by adding pendings up to where my TP is (which is usually 3XDaily ATR). I use the scripts provided by Steve in HGI forum (http://www.stevehopwoodforex.com/phpBB3 ... p?id=43086) to place my pendings.

Matt

Hi Matt,
What do you do when the trade doesn't go your way? Do you let the EA take out all pendings with preset SL or do you manually set SL for each pending? (of course assuming they've all been triggered )



Thanks for sharing your idea

I've received a few PM's about the my method and I need to clarify a few things...
Pipmasher Gama is not an automated system, it is merely a hybrid approach that I use. The way it works, at the moment, is by letting Pipmasher EA do its thing and then intervene manualy by adding pendings up to where my TP is (which is usually 3XDaily ATR). I use the scripts provided by Steve in HGI forum (http://www.stevehopwoodforex.com/phpBB3 ... p?id=43086) to place my pendings.


Matt

pipcruiser » Fri Jan 23, 2015 1:23 pm wrote:

Gertje » Fri Jan 23, 2015 3:21 pm wrote:Who needs improvements?


Beside PPM, I re-enter with pendings at the high/ low of a candle after a stopout when trade still looks good. Seeing that it again gives a 100 SL, it might be better to use a 100 JS instead of 50 JS.

Results attached.


.

Fantastic Gertje

PC

nixxx » Sat Jan 24, 2015 1:25 pm wrote:Why not automate it?

I've received a few PM's about the my method and I need to clarify a few things...
Pipmasher Gama is not an automated system, it is merely a hybrid approach that I use. The way it works, at the moment, is by letting Pipmasher EA do its thing and then intervene manualy by adding pendings up to where my TP is (which is usually 3XDaily ATR). I use the scripts provided by Steve in HGI forum (http://www.stevehopwoodforex.com/phpBB3 ... p?id=43086) to place my pendings.


Matt

freeman » Sat Jan 24, 2015 2:20 pm wrote:

pipcruiser » Fri Jan 23, 2015 1:23 pm wrote:

Gertje » Fri Jan 23, 2015 3:21 pm wrote:Who needs improvements?


Beside PPM, I re-enter with pendings at the high/ low of a candle after a stopout when trade still looks good. Seeing that it again gives a 100 SL, it might be better to use a 100 JS instead of 50 JS.

Results attached.


.

Fantastic Gertje

PC

Thanks Steve & PC for a great system!
PC your thoughts about a JS of 100?
Gertje would I be correct in assuming you are on 100:1 leverage and do you keep open positions over the weekend?

qvintus » Sat Jan 24, 2015 6:09 am wrote:My results this week:

Xfactornos settings. Global Prime demo. 28 pairs. No manual intervention.
+1050 pips closed (13 trades)
No open trades

I will go live next week on 21 pairs, low lot size (no CHF pairs), so be prepared for a lousy week
I have 4 weeks of stable demo results (+1850 pips)

https://www.myfxbook.com/portfolio/pipm ... mo/1110981