Few words on Grand_Son_01
- The robot will look for ONE TYPE of trades during Grand Father's life time. Since we are using previous bars, Grand Father actually refers to PREVIOUS Grand Father not the current one.
- Those trades will be in the same direction as his Grand Father.
- Those trades will be entered if the Father is in Opposite Direction to the Grand Father and the previous Son is in the direction of the Grand Father, and other conditions apply (Type Max Orders and Minimum Distance between orders)
- If stop loss is small compared to (the ATR of the timeframe used to cut losses), Robot will incur consecutive losses in case the current bar was a reversal bar, hence more draw down, which we absolutely don't like. I have two solutions to this problem:
- Stop trading in the direction of the Grand Father after a number of consecutive losses (Grand Father is faking us)
- Use Current Grand Father (the current bar), instead of previous bar, after the grand father reaches a certain age (i.e. mid age), I seem like talking Genealogy here
No guts, no glory