Thanks rene, I really appreciate your time and effort :hi:
I'll test it out and see if it can be turned around. It looks so good on paper :youknow:
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| Author: | cyberevil [ Tue Sep 27, 2016 9:36 pm ] |
| Post subject: | Pending order Strategy |
found something that caught my eye. https://www.tradingview.com/chart/USDJP ... -Strategy/ *This is a theoretical, money management system only. The key to this strategy is in the trading system. Trade this system at your own risk ! If anyone out there can help run a forward test or automate this to see if it has legs? I'll do my test next week on an extra lappy I have. According to the author, when asked... Q. This is martingale, isn't it? A. Not quite. It incorporates both winning & losing martingale strategies with a compounded winning return. With Martingale you only ever win back your initial trade. My way playing both sides of the price range grows with each level. |
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| Author: | renexxxx [ Tue Sep 27, 2016 10:38 pm ] |
| Post subject: | Pending order Strategy |
The 'documentation' is not very clear, but what I understand is that it works something like this: 1. Set two pending orders: a BUY STOP at 20 PIPs of current market price, and a SELL STOP at 20 PIPs of current market price. Starting lotSize = 0.01 2. Each order has a TP of 100%, and SL of 50%(??, whatever that means). Let's assume that both the BUY and SELL have a TP of 20 PIPs and an SL or 10 PIPs. 3. If (and when) a TP is hit, a new STOP order is set, at the same distance (i.e. 20 PIPs) in the same direction, with the same lotSize. 4. If (and when) an SL is hit, a new STOP order is set, in the opposite direction, at the same distance, with double the lotSize. 5. There will only ever be 2 trades open at a time. Is this a correct interpretation? |
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| Author: | FXe3 [ Tue Sep 27, 2016 10:52 pm ] |
| Post subject: | Pending order Strategy |
I think this diagram explains it better https://www.tradingview.com/chart/GBPUS ... erimental/ |
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| Author: | cyberevil [ Wed Sep 28, 2016 12:30 am ] |
| Post subject: | Pending order Strategy |
renexxxx, thanks for looking into it. FXe3 thanks for the new diagram. I don't know how I missed it. I have the same understanding as you. I think 100% means if you're using 100 pips gap the SL will be 50 pips. |
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| Author: | renexxxx [ Wed Sep 28, 2016 5:59 am ] |
| Post subject: | Pending order Strategy |
I wrote this little bot quickly as a proof of concept. As I thought, it won't work. May be someone else wants to have another go at it, as I may have misunderstood some details of the strategy. Have fun. |
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| Author: | cyberevil [ Wed Sep 28, 2016 3:27 pm ] |
| Post subject: | Pending order Strategy |
Thanks rene, I really appreciate your time and effort :hi: I'll test it out and see if it can be turned around. It looks so good on paper :youknow: |
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| Author: | heart1010 [ Wed Sep 28, 2016 6:42 pm ] |
| Post subject: | Pending order Strategy |
I've used the EA for an hour and ended up with a broker error message... The EA opened hundreds of pending orders here... |
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| Author: | cyberevil [ Wed Sep 28, 2016 8:35 pm ] |
| Post subject: | Pending order Strategy |
Did this for my test. seems to open many order at the same price... tried to see if it would do the same on crap test and it did. |
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| Author: | SteveHopwood [ Wed Sep 28, 2016 11:08 pm ] |
| Post subject: | Pending order Strategy |
I am locking this thread. Cy, according to you even the OP describes the system as experimental. I prefer not to see the time of serious coders here at shf wasted. Usual thing; prove it works manually and the coders here are guaranteed to take interest.  |
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| Author: | cyberevil [ Thu Sep 29, 2016 4:23 pm ] |
| Post subject: | Pending order Strategy |
Okay sounds good, let me try it out... if anyone else wants to give it a go. Here is what it looks like on paper.  vdubus: there will only ever be two open trades at any one time. The system work in all situations, but just as a heads up, the shorter the pip difference the faster trades are activated / harder to control & you can burn up your entire account. Bes just to say well out of the way of market volatility . |
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