The Pequod
...a rare old craft... She was a ship of the old school, rather small if anything; with an old fashioned claw-footed look about her. Long seasoned and weather-stained in the typhoons and calms of all four oceans, her old hull's complexion was darkened like a French grenadier's, who has alike fought in Egypt and Siberia. Her venerable bows looked bearded. Her masts... stood stiffly up like the spines of the three old kings of Cologne. Her ancient decks were worn and wrinkled, like the pilgrim-worshipped flag-stone in Canterbury Cathedral where Beckett bled. But to all these her old antiquities, were added new and marvellous features, pertaining to the wild business that for more than half a century she had followed...She was apparelled like any barbaric Ethiopian emperor, his neck heavy with pendants of polished ivory. She was a thing of trophies. A cannibal of a craft, tricking herself forth in the chased bones of her enemies. All round, her unpanelled, open bulwarks were garnished like one continuous jaw, with the long sharp teeth of the sperm whale, inserted there for pins, to fasten her old hempen thews and tendons to. Those thews ran not through base blocks of land wood, but deftly travelled over sheaves of sea-ivory. Scorning a turnstile wheel at her reverend helm, she sported there a tiller; and that tiller was in one mass, curiously carved from the long narrow lower jaw of her hereditary foe...A noble craft, but somehow a most melancholy! All noble things are touched with that. -Moby-Dick, Ch. 16 [2]
Like the ocean, the market moves in waves. Like a sailor, the trader tries to navigate those waves. Some sailors have good ships, some bad. Some become lost, some make it to their final destination. The ocean and the market have a lot in common, as do the sailor and the trader.....so come on in and join an old sailor as he tries to navigate the vast ocean of the market aboard a ship he lovingly calls.....The Pequod.
Purpose of the thread:
I have started this thread as a trading journal to track all things relevant to the progress of my EA: The Pequod.
What is The Pequod?
So glad you asked
The Pequod is an EA I'm developing that tracks price action -> defines common reversal points based on technical indicators -> sets pending trades -> defines incremental stop losses and take profits based on user input.This EA has the capability to do this in real time, without supervision; however, I suspect the results of the EA could be better served by minimal user interaction. For this reason- I call this EA a "hybrid".
Back tests:
Version 1.7 back tests on post #6
Version 2.0 back test (eu only) post #17
Forward tests:
Live account added 11/14/17
The Demo account will continue to run so that I can tweak The Pequod and test other pairs before migrating them to a live trading environment.
The Live account is currently running the following:
- EURUSD pair on M15/H4/D/W
What's next?
My ultimate goal is to use this EA as a long term trading solution that requires minimal user interaction, and will outperform the S&P 500 historical return (10%), while keeping draw down below 10% of total capital. In a nut shell - a low risk, medium return EA that requires almost no work to manage on the user.
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore! Dream! Discover!” -Mark Twain
The Pequod v2 will be run as a single account, not split buy/sell and will be the trade explorer for this thread.
on the line! A long trade on the daily time frame for -hopefully- 500 pips!