Pathfinder Trading System

• 01/21/2018 at 3:01 PM #60073
  Gianluca

  O-jay8 wrote:

  Hello Guys I tried myself on Gold with the Version 7 and Reiners position multiplier.

  Sorry i’ve put some modification on IT, less risk, good reward too 🙂

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  01/21/2018 at 5:37 PM #60079
  Reiner

  Hi O-jay8, Hi Gianluca,

  Thank you for your contribution. Attached you will find a Pathfinder 4H V7 version for gold as I would parameterize it. Gold has a low drawdown with 100% risk for a 10k euro account. Unfortunately also a low profit (picture 1).

  // dynamic scaling of the chance/risk profile depending on account size ONCE startRisk = 1 // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk = 1 // max risk level e.g 1.5 - 150% ONCE increaseRiskLevel = 500 // amount of profit from which the risk is to be increased ONCE increaseRiskStep = 0.5 // step by which the risk should be increased

  1 2 3 4 5

  // dynamic scaling of the chance/risk profile depending on account size ONCE startRisk                     = 1     // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk                       = 1     // max risk level e.g  1.5 - 150% ONCE increaseRiskLevel             = 500   // amount of profit from which the risk is to be increased ONCE increaseRiskStep              = 0.5   // step by which the risk should be increased

  So that it pays off at the end I would start with 50% risk and then upscaled e. g. to 300% (picture 2).

  // dynamic scaling of the chance/risk profile depending on account size ONCE startRisk = 0.5 // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk = 3 // max risk level e.g 1.5 - 150% ONCE increaseRiskLevel = 500 // amount of profit from which the risk is to be increased ONCE increaseRiskStep = 0.5 // step by which the risk should be increased

  1 2 3 4 5

  // dynamic scaling of the chance/risk profile depending on account size ONCE startRisk                     = 0.5   // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk                       = 3     // max risk level e.g  1.5 - 150% ONCE increaseRiskLevel             = 500   // amount of profit from which the risk is to be increased ONCE increaseRiskStep              = 0.5   // step by which the risk should be increased

  The risk controller offers the possibility to manage the risk individually.

  Caution: is only a trial version and the results are not yet verified in demo or life!

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  01/21/2018 at 7:55 PM #60094
  Gianluca

  Reiner wrote:

  d I would start with 50% risk and then upscaled e. g. to 300% (picture 2).

  Hi @Reiner, still thank to you, i’ve put this parametres cause i want to start with less money, 😉

   

  / dynamic scaling of the chance/risk profile depending on account size ONCE startRisk = 0.25 // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk = 5 // max risk level e.g 1.5 - 150% ONCE increaseRiskLevel = 2000 // amount of profit from which the risk is to be increased ONCE increaseRiskStep = 0.50 // step by which the risk should be increased // size calculation: size = positionSize * trendMultiplier * saisonalPatternMultiplier * scaleFactor ONCE positionSize = 1 // default start size ONCE trendMultiplier = 2 // >1 with dynamic position sizing; 1 without ONCE maxPositionSizePerTrade = 20 // maximum size per trade ONCE maxPositionSizeLong = 20 // maximum size for long positions ONCE maxPositionSizeShort = 20 // maximum size for short positions

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  / dynamic scaling of the chance/risk profile depending on account size ONCE startRisk                     = 0.25  // start risk level e.g 0.25 - 25%, 0.5 - 50%, 0.75 - 75%, 1 - 100% and so on ONCE maxRisk                       = 5     // max risk level e.g  1.5 - 150% ONCE increaseRiskLevel             = 2000  // amount of profit from which the risk is to be increased ONCE increaseRiskStep              = 0.50  // step by which the risk should be increased   // size calculation: size = positionSize * trendMultiplier * saisonalPatternMultiplier * scaleFactor ONCE positionSize                  = 1     // default start size ONCE trendMultiplier               = 2     // >1 with dynamic position sizing; 1 without ONCE maxPositionSizePerTrade       = 20     // maximum size per trade ONCE maxPositionSizeLong           = 20    // maximum size for long positions ONCE maxPositionSizeShort          = 20    // maximum size for short positions

   

   

  

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  01/22/2018 at 12:28 AM #60112
  actionjackson

  @Gianluca

  different instruments, the backtest is for a 1 Euro mini contract

  

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  01/22/2018 at 4:19 PM #60188
  Gianluca

  actionjackson wrote:

  @gianluca different instruments, the backtest is for a 1 Euro mini contract

  Yes, but the pic i’ve postet is with Reiner settings.

  

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  01/22/2018 at 5:31 PM #60195
  wp01

  https://www.esma.europa.eu/sites/default/files/library/esma35-43-904_call_for_evidence_-_potential_product_intervention_measures_on_cfds_and_bos_to_retail_clients.pdf

  Not very good news for small accounts if the proposals from ESMA regarding margins of cfd’s pass through for NON-professional accounts.

  Attached an example of the margin of the current positions and after the proposal of the ESMA. (these are normal contracts by the way, not mini’s)

   

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  01/24/2018 at 10:23 PM #60450
  mcosta

  The earning be improved by exiting the position when MAE < stopMae (i.e stopMae=300); may anyone post the code for exiting position when MAE reach a fixed value?

  

  mcosta

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  01/25/2018 at 10:33 AM #60484
  wp01

  Reiner,

  The minimum positionsize for the Gold is 10. In this code 1 is used and will be rejected when it tries to open a position like yesterday.

  If i multiply the positions by 10 it still can not open a position when the risk-level is lower than 1 in the periods Aug2 and Dec1.

  In these periods the positions should be changed to 0 or 2 or at least the risk-level should be at minimum 1 if you want to trade these periods.

  kind regards,

  Patrick

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  01/25/2018 at 1:08 PM #60494
  Reiner

  Hi Patrick,

  Thanks for this information. 10 Euro per pip is another game. With these requirements it’s better to trade the Gold mini 10 oz (10$) underlying. Attached you will find the best version I found for the maximum available history. The first picture is for 100% risk and the second start with 50% risk and scaled up until 150%.

  best regards,

  Reiner

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  01/25/2018 at 1:21 PM #60499
  wp01

  Thanks for the quick reply Reiner. Really appreciated.

  I changed the instrument into 10Oz.

  Kind regards,

  Patrick

  

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  01/25/2018 at 5:42 PM #60526
  Reiner

  @mcosta

  your idea is worth a test. If I understand you correctly, you are looking for a MAE trailing stop mechanism. Please find attached a code snippet how you can do this.

  // MAE trailing stop function modeMAETrailing = 2 // 0 = off, 1 = static or 2 dynamic in relation to take profit IF (modeMAETrailing = 1) THEN startMAETrail = 1100 // e.g. Euro exitMAE = 300 // e.g. Euro ELSIF (modeMAETrailing = 2) THEN IF LONGONMARKET THEN startMAETrail = (positionprice * pointvalue * countofposition / pipsize) * takeProfitLong / 100 * 0.5 // 50% of max take profit exitMAE = startMAETrail * 0.3 // 30% of max take profit ENDIF IF SHORTONMARKET THEN startMAETrail = ABS((positionprice * pointvalue * countofposition / pipsize) * takeProfitShort / 100 * 0.4) // 40% of max take profit exitMAE = startMAETrail * 0.1 // 10% of max take profit ENDIF ENDIF IF (modeMAETrailing <> 0) THEN IF NOT ONMARKET THEN maxProfit = 0 activeMAETrail = 0 ENDIF maxProfit = MAX(maxProfit, posProfit) // activate IF activeMAETrail = 0 AND posProfit >= startMAETrail THEN activeMAETrail = 1 ENDIF // exit IF activeMAETrail > 0 AND posProfit < (startMAETrail - exitMAE) THEN IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF

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  // MAE trailing stop function modeMAETrailing = 2 // 0 = off, 1 = static or 2 dynamic in relation to take profit   IF (modeMAETrailing = 1) THEN startMAETrail = 1100 // e.g. Euro exitMAE       = 300  // e.g. Euro ELSIF (modeMAETrailing = 2) THEN IF LONGONMARKET THEN startMAETrail = (positionprice * pointvalue * countofposition / pipsize) * takeProfitLong / 100 * 0.5 // 50% of max take profit exitMAE = startMAETrail * 0.3 // 30% of max take profit ENDIF IF SHORTONMARKET THEN startMAETrail = ABS((positionprice * pointvalue * countofposition / pipsize) * takeProfitShort / 100 * 0.4) // 40% of max take profit exitMAE = startMAETrail * 0.1 // 10% of max take profit ENDIF ENDIF   IF (modeMAETrailing <> 0) THEN   IF NOT ONMARKET THEN maxProfit = 0 activeMAETrail = 0 ENDIF   maxProfit = MAX(maxProfit, posProfit)   // activate IF activeMAETrail = 0 AND posProfit >= startMAETrail THEN activeMAETrail = 1 ENDIF   // exit IF activeMAETrail > 0 AND posProfit < (startMAETrail - exitMAE) THEN IF LONGONMARKET THEN SELL AT MARKET ENDIF IF SHORTONMARKET THEN EXITSHORT AT MARKET ENDIF ENDIF ENDIF

  This simple logic offers two ways. You can set fixed amount of money for MAE trailing start and MAE exit or the start and exit values are calculated as percentage values in relation to the maximal take profit.

  I tested it with the DAX version but unfortunately it didn’t show any significant improvements.The system is already very well balanced. Please find attach the code to play around

  Nevertheless, thanks for your idea

  best regards,

  Reiner

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  Reiner

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  01/25/2018 at 9:22 PM #60538
  mcosta

  Hi Reiner

  Thanks for your reply.

  Looking at the Dax report in the screenshot, closed trades are sorted by MAE; the higher the MAE is, the greater the probabilities that the trade is losing with high losses.

  I’m looking for a way to cut these losses before they become too high; so I pointed to  a  MAE value,  same value for every trade.

  When the MAE is reached(1.e -600€) the position must be closed exiting the trade to avoid potential higher lost(look at “abs perf” column values < -600€).

  

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  01/27/2018 at 9:22 PM #60698
  pranik

  Hi guys,

  I tried to avoid strong accumulation on pathfinder 1H V8 by Reiner.

  In V8 version, Reiner added a variable called l5. This variable try to ride a bullish trend but opens positions without cross any signalline. This can produce side effects like 9 january, every hour it has opened a new position.

  I changed the long entry conditions

  Use l5 only on trade already opened

  IF ( l1 OR l2 OR (l3 AND f2) OR l4 OR (l5 and longonmarket)) THEN

  1	IF ( l1 OR l2 OR (l3 AND f2) OR l4 OR (l5 and longonmarket)) THEN

  The same for short entry using s4

  IF ( s1 or (s2 AND f1) OR (s3 AND f3) OR (s4 and f1 and shortonmarket) ) THEN

  1	IF ( s1 or (s2 AND f1) OR (s3 AND f3) OR (s4 and f1 and shortonmarket) ) THEN

  So if some of the traditional conditions opens a position, l5 and s4 accumulate every hour. I think then signal is stronger in this case.

  Obviously we obtain a less performant trading system but avoid to open position like a crazy ;-).

  I hope this can help someone using V8 strategy.

  PraNik

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  01/28/2018 at 12:20 PM #60716
  Gianluca

  mcosta wrote:

  The earning be improved by exiting the position when MAE < stopMae (i.e stopMae=300); may anyone post the code for exiting position when MAE reach a fixed value?

  Pacione?

  

  Gianluca

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  01/29/2018 at 1:11 AM #60791
  Gianluca

  Sorry guys but i think there is something wrong with 2 things in the Pathfinder:

  • First the multipliear create fractional order that are not permitted by the broker (see the image) *1
  • Second, is the Trailing Stop Fuction working? i tried to change the value of parameter but nothing change in the result, in better or worst way.

  *1 i’ve fixed this by changing every multiplier line that have any kind Max or Min

  numberContracts = MAX(1, MIN(maxPositionSizePerTrade, positionSize * saisonalPatternMultiplier) * scaleFactor)

  1	numberContracts = MAX(1, MIN(maxPositionSizePerTrade, positionSize * saisonalPatternMultiplier) * scaleFactor)

  with this in order to have entire size

  numberContracts = round (MAX(1, MIN(maxPositionSizePerTrade, positionSize * saisonalPatternMultiplier) * scaleFactor))

  1	numberContracts = round (MAX(1, MIN(maxPositionSizePerTrade, positionSize * saisonalPatternMultiplier) * scaleFactor))

   

  

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