Supernova GBP/JPY Mini Trend Catcher
Thanks Gnat, dude I really appreciate the reply, and thanks to cryten for his large heart.
Would any of you know which broker provides a free demo account for Vtrader?
thanks again
Hi Supernovae,
Just got scaling out on the profit side working and am about to do the same for the loss side. Last is pyramiding.
I have a question, though. Would anyone be interested in an option to scale out progressively? Right now, if you set a scale out percentage of 25, you will close 25% of the original lots every time the target is hit. A progessive option would use that same percent on the current lots at each target. So the fisrt target would close 25% of say 1 lot leaving .75 lots. Then the next target would take 25% of .75 and so on.
Your opinions would be welcome.
Rick
hey gnat mine is a vodka on the rocks, whats your poisen tonight?
LOL
I am on FUKITOL 1000mg with lots of Holsten beer! Because Holsten knallt am dollsten!!
I am off to bed now! I saw you were on the Bloke thread too! ROTFL!!
Ciao!
Matt
Sounds good. Were there any bugs reported in beta9? I knoiw 'newera' had a question about his assigned set file.
)and will post it shortly.Hi Orion,
I didn't hear of any except that Matt was keen to get his TrailingPSAR set to original functionality.
I am adding a bit more for this release (like Matt's PSAR flag
Rick
Hi Lisa,
Welcome to Supernova! The traders here are among the best I have ever had the pleasure to have known. This EA is the result of a lot of input as to what different traders want in a black box trading system. As such, it can be configured to just about any style from scalping to very long timeframes. The key really isn't to find out what I use, but to determine what kind of trader YOU are. If you could describe yourself as a trader, there will almost certainly be someone in the group with a similar style who can assist you. I would also highly suggest you read the thread ffrm the beginning as the discretionary strategy it is based on will guide you in your selection of inputs. Also, you will gain a lot of insight into SuperNova by reading Cryten, NoFX, Gnat, Orion and many other's posts.
I am a longer TF trader. I have successfully used this EA to scalp, but I vastly prefer to trade H4 and D1. I use only QQE for entry and exit, I use the D1 to confirm trend when I'm on H4 and I prefer reactive entries and exits. For the last 3 weeks I have had a scalping test going with fixed TP levels and it is in profit. This is new territory for me, but I am amazed at how versatile this strategy is. The others can probably chime in on much better indicator combinations than I use.
Others traders have expertise on some of the EA's more esoteric features. Gnat, for instance, has a really good feeling for the Trailing PSAR, while I like the ATR based type. It is really a matter of style, as I said.
So, tell us your style, do a bit of homework and get back to us.
Rick
Well, here is Beta 10. It only has a portion of the MM I promised. I will finish the rest this week. I am almost done, but don't want to rush it out before it is tested.
I have added scaling out of trades to this version. The inputs are:
extern bool UseScaleOutProfit = false;
If true, the EA will scale out of profitable trades by the ScaleOutProfitPercent value. For this version, you must have either UseAtrBasedTrailingStop or TrailByPSAR set to true. This is because I have hooked the ScaleOut to those TrailingStop functions. However, I may decide in the final release to decouple the Scaling from the Trailing Stops as I can see where some traders might want that feature. Need to think on that a bit.
extern bool UseProgressiveScaleOutProfit = false;
If this is true the percentage is as based on the current open position. So, the first scale of a 1 lot initial position at 50% would be .5 lots. The next would be .25 and so on. If the flag is false then the scale is done on the original lots of the original position. So the first scale in the previous example would be .5 lots and next scale would be .5 lots and we would be out of the trade.
extern double ScaleOutProfitPercent = 50.0;
This is the percentage of the position to scale out of.
I did quite a bit of testing using the ATR Trailing stop set as .25 on GBPJPY D1 and it proved a useful test. I place no faith in backtesting, though, so we will determine in the open market what is best.
Lastly, I have added:
extern bool UseLegacyModeTsPSAR = false
for Matt and the others that wanted the Trailing PSAR to behave as it used to. If false, the EA does not apply the trailing stop until the trade is in profit. If false, it works as it used to and trails solely on the PSAR.
As always, please let me know if there are problems or suggestions. I am surprised that no-one has asked for a configurable ATR TF as I thought that would be a popular request from Beta 9
Rick
Hi All,
Well, it's been a while since I had a bug fix version out, but here it is
The bug was in the TrailingPSAR function. Actually it was 2 bugs. One only I would have noticed and it wouldn't affect the EA, but the other was a problem when the UseLegacyTsPSAR was changed to true. In this mode, the original logic of the trailing PSAR is used in which the trailing can occur if the trade is in profit or not. The scale out needed to check in thi mode if the price was positive as it makes no sense to scale out if the trade is in negative pips. If the UseLegacyTsPSAR was false (default) or you used the ATR based TS, there was no bug.
Sorry about that. I am a rigorous tester, but that one slipped through.
Rick
