DoubleShotMultiMACrossover settings configuration

MicroTrends Support

January 09, 2014 00:40

Originally from ticket #2709.

I have been working with DoubleShotMultiMACrossover. Looks like an excellent product. I wanted to make a change to the sell-stop that it sets, I keep getting stopped out in SIM. But I need some help tracking down just what I am looking for. At the same time could you tell me how to alter the buy (make the buy at say 2 ticks instead of three) just so I have the ability to adjust the Strategy.

 

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  MicroTrends Support

  January 09, 2014 00:40

  Hi Forest

  Glad you are liking it:

  To set the stops distances manually set 
  Stop CalcMode =0 
  Same for all trails,targets, break even, offsets, 
  Where is says "Calc Mode" set this to 0 to allow manual static parameter values to be set.

  Please let me know what settings you want if not below.

  Trade Entry Rules: 
  Long - fast cross above slow 
  Short - fast cross below slow

  Static Stop Definition 
  Stop Loss Calc Mode=0 - define a static size stop in ticks 
  Stop Loss Size = 50 - you might try increaseing first to see the effects of that. 
  try 30 to 100 ticks to asses where you ideal might be - expect compromise over win ratio and risk reward.

  Example of Static defined Breakeven Stop Rule 
  Breakeven Stop Trigger CalcMode=0 - use a static value 
  Breakeven Stop Trigger = 25 - at 25 ticks of profit trigger the breakeven rule 
  Breakeven Stop Offset = -25 - move stop into a stop loss of -25 ticks from entry price

  Custom Trail stop - follow the Triple MA (WMA) 
  Trail Stop Type =0 
  Trail Stop Custom Type = 3 ( WMA ) 
  Trail Stop Offset = 10 - follow by 10ticks 
  Trail Stop Trigger = 20 - start the trail stop after 20 ticks of profit 
  Trail Stop Trigger Calcmode= 0

  Target Trade Units=2 - use 2 target brackets 
  Target 1 CalcMode=0 
  Target 2 CalcMode=0 
  Target 1 Size = 150 - - set this to 2 to 3 times the initial stoploss 
  Target 2 Size = 400 - - set this to about the size of a the weekly range

  you might decide on 1 TargetTrade unit - all in all out.

  Entries... 
  Waiting for the end of day candle means your entry is always variable. 
  Sometimes it will be far away from the actual cross and the stop in a place that might be hit easily by a pullback.

  Early Entry 
  You can try for an early entry be setting General parameter: 
  CalculateOnBarClose=False

  To allow it to calculate intrabar on each incoming tick - you will need a realtime datafeed connection not End of Day.

  Please let me know if that answered all questions or if you need a remote control session etc

  MicroTrends Support 
  support@microtrends.co 
  http://www.microtrends.co/support/

  Tip! You can visit the help desk forum to see previous answered frequently asked questions: 
  http://microtrends.zendesk.com/forums

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