PP Playing Around

[pipcruiser]

Hey guys

You can use this thread to post alternative strategies and ideas using PP as framework.

Enjoy!

PC

[Reaper]

I never liked a one setting fits all strategy when it comes to an EA settings (TP,SL,JS). Having them determined by something like the pair's ATR seems like a much more dynamic way to go. Not only will the settings fit the individual pair better but they will also fit what's going on in the pair for that month.. low/high volatility etc.

Any other thoughts about this, please feel free to share.

PC as the originator of the strategy, I for one be interested to hear your thoughts on this? You think this is a good/bad idea to implement? Worth a considering? Or a waste of time. Your thoughts in this direction would be much appreciated.

[pipcruiser]

I never liked a one setting fits all strategy when it comes to an EA settings (TP,SL,JS). Having them determined by something like the pair's ATR seems like a much more dynamic way to go. Not only will the settings fit the individual pair better but they will also fit what's going on in the pair for that month.. low/high volatility etc.

Any other thoughts about this, please feel free to share.

PC as the originator of the strategy, I for one be interested to hear your thoughts on this? You think this is a good/bad idea to implement? Worth a considering? Or a waste of time. Your thoughts in this direction would be much appreciated.

Angat,

Your proposal is valid and could be a effective tool to fine tune settings, a few others have talked about it previous, not sure if anybody did it....please report if you do the test..

PC

[Zennor]

I have set both versions of PP (on steroids) with a SL of the 1 x 20 ADR. Move to Break Even set at 1 x 20 ADR with price moving to 1/2 x 20 ADR. Jumping Stop loss set to 1/2 x 20 ADR. The entry point is 1 x 20 ADR divided by 5 and all multi trades are set at this as well with their respect stop losses set at 1/2 x 20 ADR.

For example, AUDJPY has a 20 ADR of 147 Pips. So my main trade setup is entry set at 30 pips. Stop loss set at 150 pips. Move to break even at 150 pips, set to move to 75 pips, jumping stop loss set to 75 pips.
Multi trades (5) set at 30 pip intervals with TP of 30 Pips and SL of 75 pips.

Now the reason for my settings are. Say you have a currency pair with a 20 ADR of 150. Set the entry to 30 pips (1 x 20 ADR Divided by 5) if you get filled then statistically you should not hit your Stop loss of 150 pips in the same day because price has already moved 20% of 1 x 20 ADR to fill your order thus giving the price a chance to continue where the system determines price should go should there be a fill and a pull back.

If you used exactly the same settings for a currency pair with a 20 ADR of 280 then you would stand a good chance of a fill and stop loss hit in the same day not really giving the trade a chance.

The 20 ADR vary quite a bit from 80 pips to 280 pips on the currency pairs I am currently demoing. It is because of this huge discrepancy that I believe that one stop loss fits all will not work as well as a stop loss based upon actual recent price movement.

Financially this should make no difference to your account if you have a stop loss of 100 or 250 pips if you use a percentage of your account per trade.

I found a nice ADR indicator for free, if you search for The Greedy Pig ADR v6 you will find it, you may need to go into the code to clean it up a bit as there is some information displayed which is not pertinent.

[Reaper]

I was thinking of doing the same kinda ATR tweaks, but I'm in the midst of trying a few other things first.

Please create myfxbook for your demos so we can track their progress. I for one would be very interested to see how they get on.

Good job

[Zennor]

I was thinking of doing the same kinda ATR tweaks, but I'm in the midst of trying a few other things first.

Please create myfxbook for your demos so we can track their progress. I for one would be very interested to see how they get on.

Good job

Have tried many time to create a myfxbook account all to no avail so no joy there, sorry.

[Reaper]

I was thinking of doing the same kinda ATR tweaks, but I'm in the midst of trying a few other things first.

Please create myfxbook for your demos so we can track their progress. I for one would be very interested to see how they get on.

Good job

Have tried many time to create a myfxbook account all to no avail so no joy there, sorry.

No worries, if you need any help with it, feel free to PM me.

Right, I'm going to make an attempt to include ADR/ATR today. Will try as you did but on my Pipmasher variant.

Just thinking out loud...

SL*ADR*x
SL=BE
JS*ADR*y
PendingBuffer*((ADR*z)/5)

The only thing I'll change is your Break Even Profit where you have used 1/2 x 20 ADR. I still want to give it room to breathe. So I may just leave this as my default for the moment at 5 pips.

Wish me luck!

[Zennor]

Thanks for the offer Angat but the process is easy to understand, Myfxbook states I have set up an account but no confirmation email and when I contact them they say that they have no records of my email so I have tried quite a few times with varying emails all of which never create an account so I don't bother trying any more.

[J4D]

I never liked a one setting fits all strategy when it comes to an EA settings (TP,SL,JS). Having them determined by something like the pair's ATR seems like a much more dynamic way to go. Not only will the settings fit the individual pair better but they will also fit what's going on in the pair for that month.. low/high volatility etc.

Any other thoughts about this, please feel free to share.

PC as the originator of the strategy, I for one be interested to hear your thoughts on this? You think this is a good/bad idea to implement? Worth a considering? Or a waste of time. Your thoughts in this direction would be much appreciated.

Hey Angat, Ive traded trend for quite some years now with a certain methodology, I now use a couple of entries within that methodology, one of these entries is similar the the PP trade model. I use ATR based stops as my findings lean towards the ranges of each instrument being vital for longevity for optimising returns and minimizing losses during times when trend trading models enter periods of draw down.

I currently use a 1.5 x 20 period ATR as the stop, take profit is 1.9 x the atr pip stop.. Stop is moved to BE when the ATR pip stop distance is reached. I have the amount of entries set to 5, deleting pending orders in deeper corrections preferring only two trades or a max exposure of 1% per instrument ( 2x 0.5% ) and a max exposure of 4% per currency..

I hope any of this is info is of some use.. good luck to you and everyone trading this Week..

[TFL999]

Hey Angat, Ive traded trend for quite some years now with a certain methodology, I now use a couple of entries within that methodology, one of these entries is similar the the PP trade model. I use ATR based stops as my findings lean towards the ranges of each instrument being vital for longevity for optimising returns and minimizing losses during times when trend trading models enter periods of draw down.

I currently use a 1.5 x 20 period ATR as the stop, take profit is 1.9 x the atr pip stop.. Stop is moved to BE when the ATR pip stop distance is reached. I have the amount of entries set to 5, deleting pending orders in deeper corrections preferring only two trades or a max exposure of 1% per instrument ( 2x 0.5% ) and a max exposure of 4% per currency..

I hope any of this is info is of some use.. good luck to you and everyone trading this Week..

J4D, Do you have an indicator to quickly calculate the stop/TP or do you calculate this for each pair yourself?

Grtz