Hi Geko
My first post on SHF; being my thanks and credit where its due for your contribution to this amazing trading tool.
Having read your last posts, just a few ideas for your consideration that might help the way towards development of basket and individual trading modes.
1. Add a ‘max_currency_exposure’ setting. A global setting, being a factor of the current active trade setting (either fixed lot size or % balance).
E.g. a value of ‘2’ sets a max of 2 open trades on any single currency, or in other words a 2% max exposure on that currency when ‘% at risk’ = 1%
Rationale; This would meet a requirement to control exposure, can be left at ‘0’ (no limit) for the true basket traders and could be used to protect against surprise news events on a certain currency.
2. Set a ‘max_global_exposure’ limit. This is a factor of the active trade setting either fixed lot size or % balance. Essentially it sets a maximum number of open trades.
E.g. a value of ‘4’ sets a max of 4 open trades across the whole market, or in other words a 4% max exposure when ‘% at risk’ per trade = 1%
Rationale; This allows a ‘0’ (no limit) setting for the whole basket and a way to control total exposure.
3. Allow hibernate at a currency pair level – disable pair on dashboard, for a manual risk exposure control for say, leading up to news events that may affect certain pairs, that we may wish to avoid.
You already thought of this and I can’t think of anything other than your individual on/off buttons, exposed by a switch in the setup.
4. An option to exit individual trades based on % TP factor. E.g. a value of ‘3’ sets TP=3x calculated SL.
For what it’s worth, I have just a few days testing using W1/D1/H4 TFs. I’m quite keen on the CSS concept although I think it may be more suited to smaller TF’s. Sadly, I’m not able to take advantage of that at present. My results are mixed; early success followed by failure around the GBP activity late last week. I also observed a period of rapid opening and closing which the new logging may help me to understand a little more. Other than that, it’s very early days for me to offer anything more useful, but I will come back with anything I think worth sharing here.
Thanks again, great work.
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