All,
I'm not sure where to begin so I'll start with the changes. I've encorporated an RSI trigger into the decision matrix to trade or not to trade if the RSI goes above/below a window of trading. The is a potential method of protection from super trending markets. The new Piplite is
here. It can be turned on or off and the window can be sized. The default window is 40 making the high RSI 70 and the low 30. This feature worked on the EURCHF. It reduced the drawdown but also reduced the profit. BUT, it also made it through Nov 15, 2008.
As for the most recent market activity, this feature wasn't needed but optimization was. The GBPUSD set and the EURGBP set required a few small changes in the settings in order to make it through last week. The GBPUSD reduced the ProftiSkew to 3.5, down from 5. The EURGBP required more corrections in the aRSI and the StdDev sections but each of these changes allowed each pair to trade safely through last week. All backtests are added for your review. The set files are attached
here in the first post.
For everyone trying to tweak Piplite or Pipmaker for that matter, it's not about how aggressive you can get the settings; it's about how safe you can tweak the settings to be safe. I believe backtests for at least the beginning of the year through today to be the best. I can take Piplite right now and run it for 4 months on very aggressive settings and make a mint! I've done it in backtests several times. I've run it in demos and made a mint but each and every time, Pipmaker crashed my accounts down to zero. That is one reason I changed Pipmaker into Piplite. This "already stripped down" version encorporated one thing as paramount: Account Protection.
Everyone going largely or aggressive need to be aware. A profit target of 50 dollars is beyond aggressive. This is the bare minimum: $2500 standard account, .01 lots max, $250 micro, .01 lots max. Finally, I made these changes in the hopes folks will take the EA and run optimizations on many pairs and share their successful tests with us. I've seen it in the Pipmaker forum and now here but everyone seems to be looking for the one thing: to make money. I know I am! I do know it requires work and understanding and I hope everyone who uses Piplite can take these set files an make money. I also hope that every contribution improves the possibilities that we all may benefit by shared ideas, shared testing, shared changes, shared set files and more than anything, shared successes. Go out now and make money...
Happy Trading
v/r