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LinkBack (51) | Thread Tools | Display Modes |
11-05-2008, 02:37 AM
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Pipmaker
Gents,
I have changed Pipmaker completely to encorporate a totally new money management and trading concept. I have used Pipmaker successfully and miserably. I was tired of the misery and needed a protection...from myself. I have been following this thread for quite some time and folks are trying to improve the entry code with different indicators and different functions. This is all well and good but we are missing one point: We are risking hard earned money and we need to protect ourselves from complete market damage. We have all seen the market damage our accounts in the last 4 weeks. I had one pair, using Pipmaker, make it through. Every other set file I have posted and tested to date has failed. Not due to trying but due to account protection. Pipmaker was responsible for helping me create at $300K account from $50K in 6 weeks. It was part of a multi-pair strategy using the CHFJPY and the EURCHF. CHFJPY took out the account. Not completely but drained it down to $57K before I shut all trading down. Now, if I would have had this new and improved Pipmaker, the CHFJPY would have stopped trading after losing 25K and my account would be at $250K instead of 57K. The logic of Pipmaker remains unchanged. All the indicators are gone except for the one that works, Adaptive RSI. Money Management, Portion Control, Hard Account Protection and other user friendly features have been added to do one thing, protect YOU. I will be starting a new thread with this new EA and all of its new features. For you Pipmaker fans, you will see the logic and that it trades the same using the best indicator, aRSI. This new thread will concentrate on using Pipmaker safely and solicite testing results on various pairs. Look for this new thread shortly. It will be in the Martingale/Average Cost and Hedging section. I will attached the two most recent backtests, pairs, set files and indicators to use this EA. Consider this a morphing of Pipmaker into the new, uncharted market we now face. v/r Jeff
__________________
Jeff J Talon Associates Investment Management     
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11-05-2008, 08:05 AM
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pipmakerV14
__________________
F o r e x C o o l - the forex without the stress  Tests en cours En aucun cas mes messages ne seront un conseil, une orientation ou une incitation quelconque utiliser vos fonds sur le Forex.
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11-06-2008, 03:48 PM
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nice test!!! thanks
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11-06-2008, 04:55 PM
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Quote:
Hi leglac, It's a really good test. Thanks for sharing. By the way, do you have the english version of your website? It is interesting. _______________________________________ Indonesian Food Recipe
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11-07-2008, 09:57 AM
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Quote:
Thanks No sorry TETS
__________________
F o r e x C o o l - the forex without the stress Tests en cours En aucun cas mes messages ne seront un conseil, une orientation ou une incitation quelconque utiliser vos fonds sur le Forex.
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11-07-2008, 03:09 PM
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New EA
All,
I'm creating a new thread as I write this. I decided to leave the Fisher inidicator in the new EA along with aRSI. Why? It's the only indicator that allowed a full and complete backtest of the GBPUSD through the recent turbulent markets. But I digress. Everyone has contributed to this EA but it's a radical departure from Pipmaker itself. It concentrates on protecting your assets vs. trying to get the greatest/best entries. The new thread will have a complete explaination document on the new features as well. The new EA will be called Piplite v1.0. v/r
__________________
Jeff J Talon Associates Investment Management
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11-12-2008, 12:39 AM
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Piplite
All,
Piplite, in a new thread, will stop trading if drawdown is down by whatever percentage you set in! However, I must caution anyone thinking that a 15% drawdown is more than you can handle on a martingale EA. Any martingale EA needs a high balance to start ($2500 standard or $250 micro per pair) and needs that amount because it uses a large negative P/L at times to do what it needs to do to trade. Overall, if the P/L gets greater than 50%, it's probably time to close those trades, lick your wounds and try again some other time. In my humble opinion, one should use 50% drawdown as the cutoff for martingale traders. Please check out the new features programed into Piplite. Pipmaker has too many indicators, a recovery feature that just didn't work correctly and until the Fisher indicator was added, simply was too risky to trade live. It drew all my accounts to zero (except for EURCHF) Piplite is Pipmaker with only the two indicators that worked...ever. Fisher and Adaptive RSI are the only ones that worked through the most recent terrible drawdown. Piplite does not have the Recovery Features. It has preventative features and concentrates on keeping your money, not recoverying it. I applaud Don and all the contributers to Pipmaker. It is what it is because many minds made it great. My changes are in Piplite and hold true to what Don and everyone has created, albeit, without several indicators that don't work in today's environment. If anyone desires to keep their money and not dump their account to zero, go to the Piplite thread here. v/r
__________________
Jeff J Talon Associates Investment Management
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11-21-2008, 03:34 PM
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update
Do you have an updated version of this available?
Thanks Stacey Quote:
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12-17-2008, 11:52 PM
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Hi anyone,
I am new in EA script and need your help. How to make the Pipmaker EA to CLOSE all Buy Position after open the first SELL position? OPEN BUY, Close all SELL Positions OPEN SELL, Close all BUY Positions Please help.
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