BSaa_Strategy

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BSaa_Strategy


BSaa_Strategy


This Strategy is simple. It opens a Buy or a Sell position at the start of every candle, when no positions are already open. If there is a position already open, it will not open another one.

The Stop should be set high enough so that it will not be executed except as an emergency protection, such as the Trader's computer or ISP going offline for a long period of time.

There are 3 things that can cause an open position to close in this Strategy. They are the Limit, the Stop and the Bar Break. The Bar Break is simply a closing device that is based on the number of periods passed since the last position closing. By default it’s "10." If a position has not been closed by the Stop or the Limit within the last 10 periods, all open positions are closed. However, the Trader can set it to any number he desires. A high setting will virtually turn it off.

Let me interject my rule of thumb for setting Limits and Stops for periods other than the main one. Normally I simply double the S and L settings when I quadruple the period time.

IF the main period setting that is being used is 15-Minutes, and the Limit is 16, and the Stop is 12,
THEN a 30-Minute period will have a 24 Limit and a 18 Stop.

IF the main period setting that is being used is 15-Minutes, and the Limit is 16, and the Stop is 12,
THEN a 1-Hour period will have a 32 Limit and a 24 Stop.

IF the main period setting that is being used is 15-Minutes, and the Limit is 16, and the Stop is 12,
THEN a 4-Hour period will have a 64 Limit and a 48 Stop.

Of course, tests may cause me to adjust this.

The Martingale... whatever setting the Martingale is set at will be multiplied by the active internal Amount inside the Strategy after a position closes.
IF the original Amount setting is set at "1," and the Martingale is set at "2,"
THEN after the first position close occurs, the internal Amount setting will be "2,"
... after the second position closes, the internal Amount setting will be "4,"
... after the third position closes, the internal Amount setting will be "8,"
... after the fourth position closes, the internal Amount setting will be "16,"
... etc..

The activity of the Martingale is limited by 2 other settings. The first of these is the "Max # Pos Martingale." This setting attempts to limit the maximum internal Amount. Depending on the Martingale setting, the original Amount setting and the Max # Pos Martingale setting, the internal Amount may go higher than the Max # Pos Martingale setting by one order of Martingale now and again.

The other Martingale modifier is the "Switch Martingale" setting. If Switch Martingale is set at "1" the Martingale will act on losses. That is, if a position-close causes a loss rather than a profit, the internal Amount will be multiplied by the Martingale setting. If the position-close produces a profit, the internal Amount will default to the original Amount that the Trader has set in the Settings tab.

On the other hand, if Switch Martingale is set at "0" the Martingale will act on profitable closes while losses will cause the internal Amount to be set to the default Amount.

One note about the signal that causes the Martingale to act is that it acts on change of equity on the account rather than an actual profit or loss. Because of this, some of its activity will be slightly different than if it truly acted on a profit or loss.

Be careful to use lower Martingale settings and lower Max # Pos Martingale settings on accounts with smaller amounts of funds - say, $500 to $2,000 accounts. The default settings should be able to be used with the EURUSD pair safely





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