Pathfinder Trading System

• 11/11/2016 at 7:26 PM #16395
  Reiner

  Hi GAMMA,

  Sorry I didn’t answer your request. Oil is on my watchlist, NG not. I did play around with oil and I think it could work but not with full attention. At the moment I invest my limited time to sort out the errors in life trading.

  best, Reiner

  

  Reiner

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  11/11/2016 at 7:36 PM #16396
  ALE

  Hello Reiner,

  no problem, you are a kind person,  you are doing so much for the whole community, the code is the best..and it become more and more perfect! Thanks for your hard work
  In my strategies ther is the trailing stop of Kenneth, If it can help you.

  // TRAILING STOP LOGIK TGL =130 TGS= 100 if not onmarket then MAXPRICE = 0 MINPRICE = close EXITPRICE = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then EXITPRICE = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then EXITPRICE = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and EXITPRICE>0 then EXITSHORT AT EXITPRICE STOP SELL AT EXITPRICE STOP

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  // TRAILING STOP LOGIK TGL =130 TGS= 100   if not onmarket then MAXPRICE = 0 MINPRICE = close EXITPRICE = 0 ENDIF   if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then EXITPRICE = MAXPRICE-TGL*pointsize ENDIF ENDIF   if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then EXITPRICE = MINPRICE+TGS*pointsize ENDIF ENDIF   if onmarket and EXITPRICE>0 then EXITSHORT AT EXITPRICE STOP SELL AT EXITPRICE STOP

  THANK YOU VERY VERY MUCH

  

  ALE

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  11/11/2016 at 9:16 PM #16398
  Cosmic1

  Hi Reiner, great work on the latest edition. I started V6B1 live at lunch time on the 9th to test it. The system took a live position long @ 10653.5 @ 20:00 UK Time on the 9th. This went up by 149 points to a profit of around £450. The trailing stop did not activate, is this the same issue you are experiencing?  This trade close at 12:00PM today for +13 points.

  P.S The backtest is still running and has not closed the second position for some reason.

  

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  11/12/2016 at 4:24 PM #16418
  Reiner

  Hi Cosmic1,

  The trade was OK. V6 bought first position at 10.653,5 with take profit 3,25% (11.000) or 2% (10.867) trailing stop. None of both levels has been reached and max holding check sold after 9 candles – everything as expected.

  I reduced maxCandlesLongWithProfit in V6 with the idea behind that Pathfinder is latest after 9 candles 2% in front and with start of trailing mechanism the max holding check will extend to 16 candles or the system closed the position because there isn’t a trend.

  I will verify V6 trailing mechanism in life trading next week.

  best, Reiner

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  Cosmic1, ALE

  

  Reiner

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  11/12/2016 at 8:34 PM #16428
  Cosmic1

  Thanks Reiner, makes perfect sense now.

  Is there any reason the backtest still didn’t close, is this the same for you?

  

  Cosmic1

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  11/13/2016 at 9:12 AM #16434
  Jimbob

  Hi Reiner, apologies for my late reply.  I just realised what I’ve done and it is as you said!  I’ll amend now and I’m sure it will be fine.

  Thank you for all your help.

  J.

  

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  11/13/2016 at 1:22 PM #16445
  arke

  Hi Reiner,

  I didn’t Change anything, just took the original code and backtested it on these two Dates…

  Regarding the stop loss issue:

  Did you check your account activity history for an order? Maybe the order was rejected because of the minimum distance to the actual Price.

  The probability for that is not really high, but out of the code it would be possible that the stop is set to the actual pricelevel:
  <pre class=”line-numbers”><code class=”language-prorealtime”>IF newSL > 0 AND close – newSL >= trailingStepLongInPoints * pipsize THEN
  newSL = newSL + trailingStepLongInPoints * pipsize
  ENDIF
  It’s also dangerous to set “stopLoss = 0” while the trailling mechinism isn’t working.  Because of that the stop will be removed.

   

  Arke

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  ALE

  

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  11/13/2016 at 2:14 PM #16446
  Reiner

  Hi Arke,

  Thanks for your feedback. Your analysis is correct, set stoppLoss = 0 is responsible for the stop order deletion. I saw this behavior on my life trading tests as well. I will change this.

  best, Reiner

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  ALE

  

  Reiner

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  11/14/2016 at 9:07 AM #16463
  Mikael Andersson

  Hi Reiner,

  I was wondering if Bund could be suitable for Pathfinder. Just a thought!

  Thanks,
  Mikael

  

  Mikael Andersson

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  11/14/2016 at 9:22 AM #16464
  Mark

  Hi guys,

  How do i calculate what point size to use given my account size?

   

  Mark

  

  Mark

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  11/14/2016 at 6:28 PM #16525
  reb

  Hi Mark

  I would say 1 mini for 1k eur capital

  With Pathfinder, you may take 15 mini , so I would use 15k eur for 1 mini (or at least 10k eur)

  At this stage I don’t have these 10k , that’s why I don’t trade Pathfinder

  Reb

  

  reb

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  11/14/2016 at 10:57 PM #16540
  Mark

  Hi Reb,

  Thank you for your reply, are you sure that is correct? i haven’t seen losses of that amount (10k) on any of the back testing.

   

  Mark

  

  Mark

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  11/15/2016 at 7:35 AM #16549
  reb

  Hi Mark

  I gave you an idea to use Pathfinder with few risk. It is not the max historical drawdown.

  In term of dd,  2k capital is sufficient to trade with pathfinder but what will you do if if you loose 80% of it at the beginning ?

  FYI,

  ALE wrote:

  Hi nyborjare, to work with pathfinder DAX strategy account value should be at least 8/9000 € in my opinion In general to know account value to run strategies , you can multiply maxdrwadown of the strategy x 5 at least For example : MAXDRAWDOWN= € 1850 THEN ( € 1850 X 5) ACCOUNT VALUE = €9250

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  ALE

  

  reb

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  11/15/2016 at 10:30 AM #16555
  Nicolas

  @Reiner

  Answering to your question (a bit late..) about combining the trailing stop function and the SET STOP instruction, I confirm you that this kind of code:

  SELL AT newSL STOP // superordinate stop and take profit SET STOP %LOSS stopLoss SET TARGET %PROFIT takeProfit

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  SELL AT newSL STOP // superordinate stop and take profit SET STOP %LOSS stopLoss SET TARGET %PROFIT takeProfit

  is accepted by IG server and should work as intended.

   

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  Nicolas

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  11/16/2016 at 8:51 AM #16609
  miguel33

  short (I was told later this year) IG introduces the ProRealTime version 10.3 platform. Will be consequences? someone has already done testing on 10.3?

  

  miguel33

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