url posted freelance job, once coded will offer it to the public for free.

Line in the Sand

Algo is above, and I discretionarily traded the waves while the algo protected against session loss.

Line in the Sand

mean reverting in terms of price is a killer since I play directional volatility. Mean reverting in terms of volatility is okay since bar size normalizes but usually ends up being directional for the session.

My first FX martingale attempt

I use 240 tick data, but lower the timeframe the more crosses or steps that will occur. Lower tick data is better when directional volatility takes place. The higher the timeframes the larger the bar size, so costs for each step are greater.

My first FX martingale attempt

Look into standard deviation and average true range of set number of bars. Wait for a spike in the two than turn on system.

My first FX martingale attempt

If more and more people use martingale techniques. The brokers will have to stop offering micro lots. Micro lots enable many more steps with small effects on equity balance.

My first FX martingale attempt

It will work,.. use a volatility filter to turn it on and off.. instead of running it all the time. this will minimize steps to profit target. Key is avoid gap bars post event/news. Usually a few minutes after news gaps lessen and price becomes ...

My first FX martingale attempt

Most all price action by institutions, market make.. using the above. They can position size till price moves in their favor and profit target is hit. All price action is broken down to periods of consolidation and periods of trend. Martingale ...

Line in the Sand

The variables: point in time initial number of units max number of units geometric or additive lot size progression profit target if you don't have the ability to properly set the above variables, the positon size increases to breaking point or algo ...

Line in the Sand

WARNING: ...if you don't have the ability to predict volatility, than this tool is not for you. If you backtest it on all data.. you will be mislead.

Line in the Sand

if you wish to.. convert it to MT5 code... and post it here. So others can use it. The principle behind it is.. Martingale Position Sizing. url url

Line in the Sand

If LastProfitLoss <0 then NumShares = NumShares * NumShares_Step; (geometric) to If LastProfitLoss <0 then NumShares = NumShares + NumShares_Step; (additive)

Line in the Sand

Its a sophisticated tool that requires proper application. A mini lot to multiples of mini lots...based on what the account can handle.

Line in the Sand

Here is Tradestation code: [IntrabarOrderGeneration = false] Inputs: Sample_StartTime( 1230) , Sample_EndTime (1231), Initial_Numshares(1), NumShares_Step (1), Max_Shares (5), Day_Profit_Target( 550 ), ExitIntraTrade(true), Price(close); Input: ...

Line in the Sand

image notice the solid red line..moving averages never cross after the initial event.

Line in the Sand

think of it as a fisherman with limited bait or a hunter with limited bullets or arrows, wouldn't they wait for the setup with the greatest edge. Instead of firing at non ideal times. The bait or bullets/arrows can be viewed as transactional costs. ...

Line in the Sand

Look for macro economic derivatives that are at their 52 week highs/lows, ie stock indexes, bonds, currencies... I wait for fear and greed in these markets than take advantage of irrational exuberance. I have found E-mini SP 500 Futures to be the ...

Line in the Sand

image trading within the ATR or average true range is not prudent.

Line in the Sand

image notice the repeated crossovers, the market conditions aren't right. If you pick a non outlier line thats what will happen. Frequent transactional costs.

Line in the Sand

Look for days that the central banks need to 'paint' with a certain message. Those are free money days, meaning the money is being thrown at the markets to paint or move prices the direction they want. They will gladly fill your outlier price point ...

Line in the Sand