Pitbul: Brian's strategy automated

[webregs]

I'm having the same issue. When the EA is started it opens the two strongest and two weakest trades as per OOTB settings then once these are closed in profit it doesn't open anymore until I restart the EA. Can't find where this is set in the code (assuming it is)?

It isn't. If this is the only EA you are demoing on the platform, then the problem is definitely at your end. The only potential is for ForceClose being somehow left set at 'true', but the code

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if (OrdersTotal() == 0) ForceClose = false;

resets the variable.

If you are demoing different ea's on the same platform, then move

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      //The next routine takes care of all trade closure possibilities
      CountOpenTrades();

so that it is positioned above the OrdersTotal() conditional and add

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if (OpenTrades == 0) ForceClose = false;

to see if this sorts out the problem.

I'm running this EA solo and haven't changed the code you mention.

I see above some other comments on this issue so I'll keep monitoring my demo in light of these.

[james666]

Kiddha Khaalad??

I am becoming a fan of this system. I do think it needs some kind of recovery system though... especially to get it out of drawdown or to prevent crazy drawdown.

Brijon will hate me for saying this, but I think a nanningbob recovery at murray maths indi levels when the price goes against you x pips might help. As I said before its what I use with the manual method and it has worked ok for me.

Other ideas are welcome... we definatley need to keep this thread alive. There are too many awesome ideas here that end up evolving and then dont work anymore (hence get confined to the trash folder).

[jb68]

I do not know what was the issue with this EA when after taking profit it does not trade anymore. I have had the same issues with the other 3 demos I had. But I left the 2 live tests for 2 days now without intervention and it still take trades after taking profit. Not immediately but after a few minutes it takes trades when a pair moves fast.

I still have this issue. It is possible to be just me cause I"m running Empty4 on linux. I didn't have time to look into.

[jb68]

My PitBull is running like a thoroughbred.

Attached is the trades history of the first 48, or so, hours.

I do not understand the PitBull methodology. So, any ideas how to improve:

• pips collected to RunUp ratio; and
• pips collected to DrawDown ratio?

Khalid

As my understanding, Pitbul methodology as implemented by Steve is a completely different implementation then original Brian's Pitbul. (or the system described by Chip on ff)

Pitbul EA find pairs with biggest move for last 180 minutes and open 3-4 trades in that direction, one trade per pair. The idea behind it is that trend will continue for some pairs on our basket long enough to take our profit. Having more than one pair helps a lot on probability because of diversification.

IMHO Pitbul is a pair trending finder and is an improved version of original Hanover.

Original Brian's Pitbul was self hedged so It was easy to get it out of DD, however this one once it goes on DD is pretty hard to manage. I had this EA 2 times going on heavy DD.
I hope Brian may come with an idea.

[viracoccha]

I see DD as biggest issue. If SL is bigger as TP it dont work, opposite way it dont work either. If they are equal then it is 50:50 and it still not make money.

So do not make a empty word here then I give one possibility, that was a "ad hoc" idea so this is not a good one .... but what is if EA takes out order which direction are changed or it takes them out after 3 hours (what ever the price is at this moment) and calculates a new direction.

[garyfritz]

Careful there. The SL:TP ratio is only one part of the equation. You also need to consider the win%.

It definitely CAN work if the SL is bigger than the TP. I trade a system with a SL:TP ratio over 4:1. But it doesn't often hit the full SL, and it has a high win%. So for example if your average loss is 3x bigger than your average win, you will break even if you win 75% of your trades. Even with that 3:1 loss:win ratio, you will make money if you win more than 75% of the time.

[jb68]

Careful there. The SL:TP ratio is only one part of the equation. You also need to consider the win%.

It definitely CAN work if the SL is bigger than the TP. I trade a system with a SL:TP ratio over 4:1. But it doesn't often hit the full SL, and it has a high win%. So for example if your average loss is 3x bigger than your average win, you will break even if you win 75% of your trades. Even with that 3:1 loss:win ratio, you will make money if you win more than 75% of the time.

Yeap..
TP = SL will make you money if Win Ratio > 50+ Spread Percentage (100* SL/Spread)


Our system works as a bucket to distribute risk (which is good) so easiest way to have a SL would be in money the same as we take profit. This would give the possibility to apply some math and see a win ratio.

However, what I saw on Brian's way to manage DD, he takes profit from trades not listed on indicator and open new trades with pairs listed. My feeling is Brian's method is way better.
What I still didn't understand is when he take a loss.

[viracoccha]

Careful there. The SL:TP ratio is only one part of the equation. You also need to consider the win%.

It definitely CAN work if the SL is bigger than the TP. I trade a system with a SL:TP ratio over 4:1. But it doesn't often hit the full SL, and it has a high win%. So for example if your average loss is 3x bigger than your average win, you will break even if you win 75% of your trades. Even with that 3:1 loss:win ratio, you will make money if you win more than 75% of the time.

I agree with that and I dont argue. Besides I use same thinking method. But we should still think how are connected TF, SL, TP and RelativeTime - if I can connect them THEN I can use right numbers.

[junglist00]

I have been in this forum for a while however do not post much, reason being did not have resources to test systems. I have placed pitbull ea on a $5000 demo account (FXDD) (2.12.2012), OOTB settings ... basket TP $5.00 , lots 0.01 . as of this post current balance $5046.33, 0 open trades. Now drawdown is relative, haven't seen any considerable drawdown at this point. even if I am down 1000 pip thats approx. $100. Bottom line, don't over leverage your account.

[viracoccha]

If someone think that I generate a stupid ideas here then it is not so ... I really try give some effort here. I just worry little about that we cant control DD .... or it is hard. I dont believe to manage DD manually. So my next "stupid" idea is follow: what you think if EA makes after relative two orders with strongest and weakest pair with size what is starting lot + starting lot. If this dont help and after next relative time I have there still some negative amount of money then EA makes again two orders (strongest and weakest) but now it is three lot size.