request of money management for a Grid strategy

ALE · Sat, 04 Feb 2017 06:36:17 +0000

Hello Guys having a little fortune this strategy could make money for a period, but as we know it is very dangerous. I’d like to share this code to ask you if someone could apply some intelligent money management. Thanks Ale name of the indicator to call :indicator “Universal 30” name of the indicator to call indicator: “divergenze” Strategy: DAX CFD 1€ _ 1 Minute_ // Funzione : universal 30 //------------------------------------------------------------------------- bandedge= 15 whitenoise= (Close - Close[6]) if barindex>bandedge then // super smoother filter a1= Exp(-1.414 * 3.14159 / bandedge) b1= 2*a1 * Cos(1.414*180 /bandedge) c2= b1 c3= -a1 * a1 c1= 1 - c2 - c3 filt= c1 * (whitenoise + whitenoise[1])/2+ c2*filt[1] + c3*filt[1] filt1 = filt if ABS(filt1)>pk[1] then pk = ABS(filt1) else pk = 0.994 * pk[1] endif if pk=0 then denom = -1 else denom = pk endif if denom = -1 then result = result[1] else result = filt1/pk endif endif RETURN result COLOURED(66,66,255) as "Universal Oscillator", 0 as "0" // DIVERGENCES STO PRC adapted from HK-LISSE code x = stochastic[5,3] y = average[3](x) if x>80 then hi=max(hi,x) hico=max(hico,max(high,high[1])) endif if x crosses under y then sto2b=sto1b sto1b=hi hi=0 p3b=p1b p2b=max(p1b,hico1) p1b=max(highest[3](high),hico) if p2b=p1b then p2b=max(p3b,p4b) endif hico=0 hico1=0 endif if x<y then p4b=hico1 hico1=max(hico1,high) endif if p1b>p2b and sto1b<sto2b and x crosses under y and x<x[1] then signB= -2 else signB= 0 endif if x<20 then lo=min(lo,x) lowco=min(lowco,min(low,low[1])) endif if x CROSSES OVER y then sto2h=sto1h sto1h=lo lo=100 p3h=p1h p2h=min(p1h,lowco1) p1h=min(lowest[3](low),lowco) if p2h=p1h then p2h=min(p3h,p4h) endif lowco=100000 lowco1=100000 endif if x>y then p4h=lowco1 lowco1=min(lowco1,low) endif if p1h<p2h and sto1h > sto2h and x crosses over y and x>x[1] then signH= 2 else signH= 0 endif //////////////////////////////////////////////// If signB CROSSES UNDER 0 then DRAWTEXT ( "S " ,barindex,- 0.20,dialog,standard,20) coloured ( 255,0,127 ) DRAWTEXT ( "T " ,barindex,- 0.30,dialog,standard,20) coloured ( 255,0,127 ) DRAWTEXT ( "O " ,barindex,- 0.40,dialog,standard,20) coloured ( 255,0,127 ) endif If signH CROSSES OVER 0 then DRAWTEXT ( "O " ,barindex,0.20,dialog,standard,20) coloured ( 0,153,0 ) DRAWTEXT ( "T " ,barindex,0.30,dialog,standard,20) coloured ( 0,153,0 ) DRAWTEXT ( "S " ,barindex,0.40,dialog,standard,20) coloured ( 0,153,0 ) endif return signH as " div STO bull ", signB as " div STO bear " , 0 as " zero " // Variables : // p = 5 // Overboughzone = 80 // Oversellzone = 20 // K = 3 // D = 3 // Definizione dei parametri del codice DEFPARAM CumulateOrders = true // Posizioni cumulate disattivate defparam flatafter=183000 defparam flatbefore=090000 indicator3, ignored, ignored = CALL Divergenze(close) c7 = (indicator3 > 0) c8 = (indicator3 < 0) // Condizioni per entrare su posizioni long indicator1, ignored = CALL "universal 30" c1 = (indicator1 <= -1) c2 = (close < open) c3 = (low < low[1]) IF c1 AND c2 AND c3 THEN BUY 1 CONTRACT AT MARKET ENDIF // Condizioni per entrare su posizioni short c4 = (indicator1 >= 1) c5 = (close > open) c6 = (high > high[2]) IF c4 AND c5 AND c6 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF if longonmarket and c7 then buy 1 contract at market endif if shortonmarket and c8 then sellshort at market endif if longonmarket and (close>positionprice) then sell at market endif if shortonmarket and (close<positionprice-2) then exitshort at market endif

This topic has 32 replies, 7 voices, and was last updated 6 years ago by Vonasi.

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02/10/2017 at 10:28 PM #24763

winnie37

hi Kasper

like that ? I have a syntax error (rr is not used in the program) when i run it…

///graph abs((COUNTOFPOSITION*stoploss*pipsize*pointvalue/equity)*100) COLOURED(0,255,255) AS "MAXRISK%"
///graph maxriskrecorded COLOURED(0,255,0) AS "maxrisk%recorded"//Aqua
//graph RR COLOURED(255,255,0) AS "rr"//Aqua
//graph winnings COLOURED(255,255,0) AS "winnings"//Aqua

///graph abs((COUNTOFPOSITION*stoploss*pipsize*pointvalue/equity)*100) COLOURED(0,255,255) AS "MAXRISK%"

///graph maxriskrecorded COLOURED(0,255,0) AS "maxrisk%recorded"//Aqua

//graph RR COLOURED(255,255,0) AS "rr"//Aqua

//graph winnings COLOURED(255,255,0) AS "winnings"//Aqua

winnie37

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02/11/2017 at 7:21 AM #24774

Elsborgtrading

Ohh yes I forgot. Remove all lines from 79 in the code with //, only keep “set stop loss 100”

also if you are okay with pasfinders risk and rr then you should have no problem with this code, the risk and rr are more or less the same for the two systems

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winnie37

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02/11/2017 at 6:02 PM #24801

winnie37

hi Kasper,

thanks for your answer, it works now…

i’m currently running Daily swing pathfinder hall of fame and H4 hall of fame (in demo). I think i will soon run it in live, maybe on commodities mainly…I dont’t know yet what will be the exact choice, regarding a good money managment.

This one seems to me more risky than pathfinder….I’m wrong?

What do you run, in rela and demo? I know you’re one of the more active in pathfinder topics 😉

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02/11/2017 at 6:40 PM #24802

winnie37

@kasper

finally, i can run it in demo but not in live. Very strange. Could you please post the final version you run in live?

Thanks 🙂

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02/11/2017 at 8:39 PM #24812

winnie37

i finally copied the initial code with your stoploss. It’s ok?

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02/12/2017 at 11:10 AM #24851

ALE

Hello Winnie,

If you understand that this strategy very it is very dangerous, and not so profitable if you consider the ROI, you must also consider that if you are in drawdown and trading sistem would stopped for an error, you loose money, and It’s frequently.

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winnie37

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02/13/2017 at 8:01 AM #24925

Elsborgtrading

Hi Winnie. I think ALE just summed it up- please be careful with this code. Also the Pathfinder- I wrote about it in the pathfinder post- the Risk Reward and Risk of every trade is similar to this code. Very poor RR and very high Risk- but it has very high Gain- like this code. But because of pathfinders advanced code it’s difficult to know exactly how much your are risking- but it is as high as 30% for one trade I remember. But due to the high Gain and popularity of pathfinder no one cares about the backsides of it- I am not here to judge because it is an impressive work Reiner has done and as a community has raise a magnificent joint venture- We just need to know the RR and Risk before we decide to put our money in any trade- manually or automatic. The best traders I heard of only focus on the RR and Risk management- they never look at gain.

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winnie37,

ALE

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02/13/2017 at 9:50 AM #24928

winnie37

I perfectly understand what you describe…. In your opinion, what is an acceptable RR? What PRT system do you run with these charateristics?

Eric

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02/13/2017 at 12:15 PM #24957

Elsborgtrading

Hi Erik.

I think it would be individual, but for a statistically advance you RR should be >1 I am still to find my own personal edge so It’s very hard to say about these things- but lets say you want to bet the lotto. You pay 100 euro- would you be satisfied only to gain 50 euro every time you bet? it a game of probability- where it more or less a 50-50% chance. At least that is what I heard 🙂 Also when you attend various webinars you should only bet 1-1,5% of your equity. now how do we do this. it the stoploss that defines your risk. SL*countofpositions. rewritten it would yield =countofpositions=equity*risk%/stoploss=>(10000euro*0.01)/10=10 position. so you can bet 10 position, with a 10 point Stoploss- risking 1% of 10000euro.

And sorry ALE for the misspath of the intended post- I hope it’s okay 🙂

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winnie37

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02/13/2017 at 1:31 PM #24965

ALE

Hi Kasper

I didn’t understand, what sorry?

ALE

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02/13/2017 at 5:27 PM #24987

Elsborgtrading

Hi ALE, it just that we are talking about something else that the post original was intended. We should make a new post about RR and Risk 🙂

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02/13/2017 at 5:29 PM #24988

ALE

Kasper… you are welcome in my topic, no problem!!!

Ciao 🙂

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Elsborgtrading

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02/22/2017 at 9:34 AM #26015

Elsborgtrading

So there it was 🙁

– 150 euro

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winnie37

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02/22/2017 at 9:57 AM #26029

ALE

🙁

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02/23/2017 at 10:22 PM #26240

winnie37

Maybe could be even profitable on long term but…hard to be sure….

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