Pyramid system

Hi

I start this thread about pyramid.
I have made a pyramid system already but it must need some work. I am not a programmer so any help is welcome.
the first thing that can be better is to insert some loops.
Just use the system on your on risk.


My plan is

1 search for usa stocks below 20 euro/dollar.
2 When the price rice above the stochastic lowlevel the first lot 0.01 will be bought.
3 when the price drops then another lot 0,01 will be bought
4 when the price rice above buy + spread the trailerstop will move in place.

lowlevel when stochastic cross level 10 lot will be bought.
maxprice means there will be no lots will be bougth above this price. (max = price + spread)
lowprice means there will be no buy below the low
magicnummer has to be changed by every new chart
timechart is the chart
maperios is the ma
steplevel is the percentage when a buy order will be placed.
profit when set at 0 then all open positive orders will be closed at closing if close all set on true
closeall set on true or false
hour set the hour
minute set the minute

(when close all is true profit is 10 hour is 20:00 minute = 55 then all open orders with a profit more then 10 will be closed from
20:55 till 21:00

the best way is to search for stocks with low swap like zynga, nokia, vale (the reason is swap)
when setting lowprice to 1 it is possible to calculate the possible max loss
when set on 1% maxloss stock from 5 euro will be about 500 euro when trading stock from 15 euro your maxloss will be about 1500 euro.

This is the latest version i like to use.
Rijfie pyramid version 1.12.mq4

Just one thing when using this ea then consider to close all open orders that are above 0 just before closing time.(This is because of gap opening next day)
With version 1,10 it is possible to close the trades before closing time wich are above 0.(by using profit and set close all to true then set hour and minute)

New version 1.12 percentage is changeble by setting steplevel1 set steplevel1 at 1 means 1%, 5 means 5%.

IMHO it makes more sense to decrease the position if the price is against it and increase it if it is gaining.
Also, programmers will not be able to help you if you don't include the ea source.

k

Hello

Here is the mql4 code.

The plan is to make a pyramid.
For example with zynga the cost ar for the first lot 3 * 0,9068+0,1233 = 2.8437
you buy again at 2.95 cost 2.78
max open lots is 60. So the total risk is about 92.
but if the price goes up after 10 times a microlot the invest is only 4.50.

Hello man, check this EA, i have added the loops :

Hello machine25

Thanks for adjusting the pyramid.

Hello machine25

I tested PYRAMID_OR.mq4 and it is working just fine.
If the price drops lets say about 80 points then your expert only buys 1 time 1 microlot and what i would like to see that the expert buys 5 microlots (80 - spread)
so if you ore anybody else wants to solve this that will be just great
Thanks

Here it is, i have put 100 point under the last order oop,
In a down trend,the price will drop, drop and drop again, as say kprsa it is better to increase lots when profit is positive, than increase when losing, but that's it :

hello machine25

it doesn't do the trick.
Look at Pyramide zynga 1202 versie140.ex4 if the price drops 100 points it wil buy (100-30) 7 times a microlot.

so you will have to explain the rule, drop 100 point do no mean much, drop from which point to which point ?
I don't know this system.

You can backtest the pyramid and see how it buys the lots.

I try to explain

if stock is down to support level then

1 put the expert on the chart and buy 0.01 lot at price 3.00
2 stock drops and reach above the ma 2.60 then the expert buys 1 time 0.01 lot
else if stock drops and reach above 2.00 then the expert buys 7 times 1 lot of 0.01.
if stock drops and reach above 2.20 then the expert buys 5 times 1 lot of 0.01.

I don't make it easy i guess

I have placed some instructions for the pyramid in the first post.
This way it is possible to trade on several charts at the same time.

Hello,

Look at this one, it should make it :

Hello machine25

I have tied the expert and works just fine try futher backtesting this weekend.

merci

Nice happy to hear that,

There is a minor error whith the lots, I just see after posting, it do not obliterate anything, but it fill the logs, modify with this lines :

Oke this is the modified version

Well, it work fine

Hi guys,
great EA....tested it on different forex pairs. Works fine.....
Would you be so nice and explain the settings "per, prix and meth" a bit. Thanks a lot in advance.

hi doerpn

Per = ma_period
meth = ma_method
prix = applied price

Just check the indicator ma or try some settings in backtest.

Remember to be carefull with pyramid.

Hi Rifie,
thanks for immediate answer. I will test it later-though thinking that the ema-method ( simple, exponential,smooth, weighted) and period(3,5,8,....) is not far too important for this EA being effective....
What i don`t understand is the meaning of the variable prix .....applied price...the setting is "0". How can it influence the EA? Can you give an example, please?
Having done a lot of backtests I learned that this EA works in pases of uptrends and in sideward markets if prices went down triggering a couple of trades and then returning to recent regions.
Thus I intend to give it a try in my live account. To keep the DD as low as possible I take a daily chart with support and resistent zones. Inside these boundaries I determine maxprice and lowprice hoping that price interacts for a long time inside these prices to generate a lot of profit pips.....
Its important to consider MM and RM. As there is no SL in this EA the only settings to influence MM and RM are "max- and lowprice" (the tighter these channels are choosen the fewer entry trades are generated) , "steplevel1" (the wider
the grid is choosen the fewer entry trades are generated) and "drop-divideur"(this is the most sensible tool to influence DD. I set it from 0.0002 to 0.0008).These three instruments will effect a DD of 50% or a low DD of 10% for example.....To illustrate my tactic see the screen below.
Perhaps you are interested in developing and finetuning this wonderful EA having a lot of potential- my opinion.
I think of additions like
- short trades possible
- time filter (trading only from x:xx to y:yy)
- SL in pips......
Looking forward to your answer. Will keep you informed concerning live trading.

Hello doerpn

As i explaind in the first post i am not a prorgammer.
Maybe there is someone else how can work on it.
Machine25 has done a lot already and perhaps somebody else is already working on the program and will show his results on the forum.
I am looking forward to see your results. And i think it is indeed importend to have stoploss on the pairs when you gone trade those.

Value
Description prix

PRICE_CLOSE 0 = Close price
PRICE_OPEN 1 = Open price
PRICE_HIGH 2 =The maximum price for the period
PRICE_LOW 3 = The minimum price for the period
PRICE_MEDIAN 4 = Median price, (high + low)/2
PRICE_TYPICAL 5 = Typical price, (high + low + close)/3
PRICE_WEIGHTED 6 = Average price, (high + low + close + close)/4

Have fun trading