Ha … I added the Indicator ‘Bid-Ask Colour Band’ to my Chart and the Bid is often below the Low of the bar and the Ask is often above the High of the Bar.
Logically you would think Low of any bar is the lowest Bid price during that bar … but it is not the case!
Hi Reiner and thanks for your effort!
How many contracts at max is this Pathfinder-DAX-4H-V6-4k.itf made for?
I´ve tried to search but the number of forum answers are so vast.
Quote”Hi axmichi and welcome, you asked for a setup with a very low risk. Pathfinder is using grid order mechanism on the long side to achieve the exceptional performance. The algo needs room to cumulate for that feature and due to that fact the smallest account size I can recommend is 4k Euro. Please find attached a tweaked DAX version for a 4k Euro account. Best, Reiner”
Brgds
Tim
Hi Reiner and all
Thank you for you code I’m trying in demo mode.
As these days DAX is playing around it’s highest ever, I was thinking if it were not a good idea to add conditions in this area.
Did you try this?
CNParticipant
Senior
PF v6 Dax closed the +3 pos with a loss and opened a short at 11750
BCParticipant
Master
DAX PF V6
Closed long@11,754, 3 positions
Opened short@11,755, 2 positions
BCParticipant
Master
Hi CN
Sorry to make u confuse, my DAX V6 was modified to fit IG minimum requirement (2 positions).
Hi Reiner, not sure but I may have found an error in the code.
When you calculate the position profit, to see if you shouldn’t stop the trade if there is no profit after x bar, I think you should separate the case when you are long or short.
Your code:
posProfit = (((close – positionprice) * pointvalue) * countofposition) / pipsize
numberCandles = (BarIndex – TradeIndex)
My code:
IF LONGONMARKET THEN
posProfit = (((close – positionprice) * pointvalue) * countofposition) / pipsize
numberCandles = (BarIndex – TradeIndex)
ENDIF
IF SHORTONMARKET THEN
posProfit = (((positionprice-close) * pointvalue) * countofposition) / pipsize
numberCandles = (BarIndex – TradeIndex)
ENDIF
CNParticipant
Senior
PF FTSE v6 has opened a short pos @ 7256.3
Not a good day for Pathfinder, 684 loss with the DAX and 148 loss with FTSE.
@torkelab
please check the variable maxPositionSizeLong, the max contract size for the small account version are 3 contracts
@noisette
Pathfinder’s core algo is a breakout mechanism and this idea needs price action and works usually good in bull markets with all time highs, I agree last DAX trade was an ugly trade but unfortunately nobody can predict the market, of course we could optimize this behavior and may be avoid scenarios like today but you’ll probably also miss some very profitable trades.
To answer your question: no I did’t consider over bought sentiment until now but I think it’s worth to check it
@stefou102
the used formular works for long and short trades because countofposition for short trades is negativ
Losses are part of the game 😉 Nothing to worry about when you look at the Pathfinder gains! If you didn’t go long at all time highs, you’d have missed all the Dow gains!! Dax was quite a bit below its high of just under 12400 anyway, could easily have revisited this level. The second you start second guessing the markets you lose. I’m looking forward to the next big trade after this pullback 🙂
