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Originally Posted by xxDavidxSxx
there is not much modification I personally would do to bipoler. what ever our differences, Bluto did a fantastic job especially considering the how quick he wrote it.
The ATR thing: if a pair's daily ATR became more than (X #) (for me it would be 90) then bipoler would not start any new cycles. And let the current cycles run till they close and discontinue trading untill daily ATR dropped back below (X #).
And...
Equity target: If it could only consider the equity of the pair its placed on. When trading multiple pairs equity target becomes much less affective. Rarely gets used.
I really don't see a need for exacting entrys. If we could use indicators to exact entrys allot more ea's would make money. But having more than one exit method in play increases chances of a profitable exit.
And some one showed me some results on martingale lot sizing 1,1.5,2,3,4,6,12 ect instead of doubling down each time. Kinda like half steppin.
I was trying to make that change my self but cann't figure how.
I dunno if any one can or would consider these mods but there they are for the taking.
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The usage of ATR as a filter is probably a good idea.
The builtin money management is insufficient for me, I fix lots per trade and scale them by the current equity, which allows to collect statistics and use the Kelly formula (basically determine percentage of capital to risk and calculate lot size relative to stops). If multiple pairs share an account, its easy to distribute capital usage if you can work with a simple percentage.
I played a lot with different entry signals and filters. It turns out that the simple method of Bipolar is sufficient and the trend filter helps a lot.