Pathfinder Trading System

• 11/23/2016 at 3:32 PM #17020
  Reiner

  Hi Mark,

  to make it even clearer, Pathfinder pyramiding the long position.

  Pathfinder is cumulating the position for every long trigger.

  1. cross over dailyHigh – buy positionSize * saisonalPatternMultiplier < maxPositionSizeLong
  2. cross over weeklyHigh – buy positionSize * saisonalPatternMultiplier < maxPositionSizeLong
  3. cross over monthlyHigh – buy positionSize * saisonalPatternMultiplier < maxPositionSizeLong

  For current month (November) the positionSize is 1*3 = 3 cfds for every long trade. Maximum  position is 15 cfds. Please adjust the numbers to your account size. I recommend 10k and as reb mentioned i would increase the position size after 100% gain.

  best, Reiner

  

  Reiner

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  11/23/2016 at 7:57 PM #17048
  Mark

  Thanks guys, just getting my head around the system. I’m struggling to see what exactly the risk management calculation and starting balance exactly achieves? As when I cahsnge the account balance and risk % parameters it makes no change whatsoever to the outcome on back testing. 

  Or am I being stupid?

  mark

  

  Mark

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  11/24/2016 at 9:00 AM #17058
  Pere

  Hi Pranik. Thanks for your work.

  I also programmed a similar indicator, which works well. But I am presently trying to program an indicator which can show the distances of the signalline to those levels, which also can give some alerts when some of this distances is near the trigger level, only to see if the possibility to start is near or not. The distance levels should be programmable to set them on the desired level. The problem is that I only can study it some hours a month, and it still doesn’t work correctly. Perhaps you could improve it.

  Regards

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  wp01, Nicolas, Reiner, miguel33

  

  Pere

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  11/24/2016 at 3:29 PM #17111
  Reiner

  Hi Brage,

  Pathfinder’s code control the signalline calculation and in my opinion that’s independent from the display settings. Sunday quoting is a good example, Pathfinder will use sunday quotes no matter it’s on or off because the code determine the behavior. On the other hand if you want to see the right Pathfinder’s level e.g with pranik indicator then you have to activate sunday quotes for the underlying instrument.

  best, Reiner

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  Brage

  

  Reiner

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  11/24/2016 at 3:43 PM #17114
  Reiner

  Hi pranik,

  Thanks for contribution.

  Did you realize that with your indicator every level works fine without monthly low. Since 30.Sep. monthly low is wrong before that date it works well. I’m using more or less the same indicator and I have really no clue why. May be you have an explanation.

  best, Reiner

  

  Reiner

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  11/24/2016 at 3:53 PM #17115
  Reiner

  Hi Mark,

  I gues your comment is related to the following two lines of code:

  maxPositionSizeLong = MAX(15, abs(round(maxRisk / (close * stopLossLong / 100) / PointValue) * pipsize)) maxPositionSizeShort = MAX(15, abs(round(maxRisk / (close * stopLossShort / 100) / PointValue) * pipsize))

  1 2	maxPositionSizeLong = MAX(15, abs(round(maxRisk / (close * stopLossLong / 100) / PointValue) * pipsize)) maxPositionSizeShort = MAX(15, abs(round(maxRisk / (close * stopLossShort / 100) / PointValue) * pipsize))

  Of course you are not stupid because I overruled the risc calculation. You have to set the value 15 to 1 to get the right results out of the formula.

  best, Reiner

  

  Reiner

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  11/24/2016 at 6:53 PM #17127
  Reiner

  Hi Brage,

  as promised please find attached an update of Pathfinder OMX 4H V6B2. I have compiled two versions, first backtest with the maximal available data since 2010 and the second was optimized for data from 2013.

  best, Reiner

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  Hakan76, torkelab, Simply, Brage, wp01, Nicolas

  

  Reiner

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  11/24/2016 at 11:01 PM #17140
  Brage

  Thanks Reiner!

  Much apreciated since your time is limited. Going live with this version tomorrow. And as always looking forward to news in this thread and further development of Pathfinder:)

  

  Brage

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  11/24/2016 at 11:21 PM #17141
  Mark

  Reiner,

  Thank you for your reply, so with the values set at 15 the following bits of code are not necessary?

  Capital = 10000 Risk = 5 // in % equity = Capital + StrategyProfit maxRisk = round(equity * Risk / 100)

  1 2 3 4

  Capital = 10000 Risk = 5 // in % equity = Capital + StrategyProfit maxRisk = round(equity * Risk / 100)

   

  Mark

  

  Mark

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  11/24/2016 at 11:41 PM #17144
  pranik

  Hi Reiner,

  I haven’t noticed that.

  I think is related to Dlow/Dhigh functions returning value of previous day. The system considers the lower value of 30 sept as a lower value of  1 october.

  Maybe we have to calculate current daily low/high  without DLow/DHigh functions. Or Maybe we have to shift daily value of 1 day to include last month’s day value.

  I’ll try.

   

  

  pranik

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  11/24/2016 at 11:49 PM #17145
  pranik

  Shifting 1 day seems to work. I’ve attached version 1.1. I think we can modify also the strategy to fix monthly values.

  If Month[1] <> Month[2] then monthlyHigh = Highest[BarIndex - lastMonthBarIndex](dailyHigh) monthlyLow = Lowest[BarIndex - lastMonthBarIndex](dailyLow) lastMonthBarIndex = BarIndex ENDIF

  1 2 3 4 5

  If Month[1] <> Month[2] then   monthlyHigh = Highest[BarIndex - lastMonthBarIndex](dailyHigh)   monthlyLow = Lowest[BarIndex - lastMonthBarIndex](dailyLow)   lastMonthBarIndex = BarIndex ENDIF

   

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  ALE, Reiner

  

  pranik

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  11/25/2016 at 4:07 PM #17187
  Reiner

  Thanks pranik, your indicator works well now and all levels are synchron with the strategy. The values in the strategy were always correct.

  

  Reiner

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  11/26/2016 at 9:57 AM #17216
  Reiner

  Hi Mark,

  The risk formula is widely used here in this forum and I have integrated this approach in Pathfinder to play around and observe the relationship beetween the variables. Backtests have shown that the system needs enough room for pyramiding to deliver this exeptional performance.  The formula calculates the position size with the variables Capital and Risk and takes the maximal value of the result or the default value 15. You can reduce the default size and play around with your personal risk/capital values.

  best, Reiner

  

  Reiner

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  11/26/2016 at 10:11 AM #17217
  Pere

  Hi Reiner.

  I am planning to test live Pathfinder with a small capital account, 4k€ to see how it works in real account. I will change, as you recommend, the maxPositionSizelong from 15 to 4, maxPositionSizeshort from 15 to 4 and saisonal position multiplier of November and December from 3 to 1 (or better to 2?).

  But shall I also change the Capital from 10000 to 4000? Risk remains 5%? Any other change?

  Thanks for your contribution!

  Regards

  

  Pere

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  11/27/2016 at 4:10 PM #17315
  Reiner

  Hi Petrus,

  I would set December’s multiplier also to 1. With max 4 possible contracts the system has enough room for pyramiding. Backtest with 4 contracts was profitable. Capital and Risk variables can be remain unchanged.

  best, Reiner

   

  

  Reiner

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