Here we go!
I profit from the MT5 release to start an experiment (again?? yes, again!) - and a fresh track record from scratch since PikaPika is a garbage for who doesn't know its history .
It has nothing to do with $PIK, so what A is doing is not related and does not affect was B is doing and $PIK will continue as usual.
After some reflexion about the topic, here's the point: all is in the title.
It's not enough to just "passively" notice a situation, let's go to work and try to contribute for a solution!
And... the time we can create DARWIN on MT5, it will probably have 6 in Experience!!! ... or let's say... Significance!? @CavaliereVerde
So let's build a Scalable Pipspecker: D.59738
Basically, for the curious and those who want to follow the "adventure":
- it will use the same logic as $PIK for entries, simply because it is the most efficient imo.
The nasty liquidity providers in the OTC environment that forces you to be a "taker" call this "toxic flow" but in an organized market, $PIK is/ collaborate with market makers, it provides liquidity with limit orders to speculators, on extreme levels (ie, it contributes to create support and resistance in the market). That's why the timing is so good, after 3500 trades of data, and stay consistent.
note: the same logic does NOT imply the same direction! (nor the same assets)
- This one will exit the market!
Unlike $PIK, wich is built to follow long term "price cycles", it will ultimately exit 95% to 100% of its exposure in intraday, since its trading range will be relatively tight (it is flat actually). And will NOT hold a position over the weekend.
It will exit:
With a loss --- in a 11 to 30 pips range per trade
With a gain --- in a 8 to 80 pips range per trade, exit with the the same logic as entries
Exit on loss target: SL 10 / 15 / 30(*)
Exit on gain target: TP 8-10 / 20-25 / 70-80(*)
Maximum simultaneous trades: 8
Assets: EURUSD / GBPUSD / USDJPY / USDSGD / USDCHF - simultaneously or not
It will deliberately use a VaR above 10% because I don't want to be "leveraged" by the DARWIN, for these reasons:
The entry methodology is very sensitive because liquidity providers can refuse to fill important size on those levels(**), so if my microlot is filled, an investor can suffer significant slippage depending on the size. This is an important component of the scalability in $PIK - let run the trades to manage high liquidity scalability.
- It will reduce "by essence" the scalability (and so my Cp) of the strategy
- It is a high-rotation system
The good news is, exits profit from -more or less- the same degree of positive slippage, because trades are filled on TP, sometimes with huge slippage, since I target specific levels where I (supposedly) know that there's no way a market maker would provide liquidity here. So most of the time, TP are filled far above/below the requested price.
(*)Exposure will always be "averaged" using leverage, time and duration.
I mean by that, lets' see 3 simple example:
at equal leverage per trade:
- if a position is built with 1 or 2 trade, it is reasonable to expect (in term of exposure) 1 = 30 pips profit and another 1 = 70 pips
- if a position is built with 5 or 6 trades, 3 or 4 will have a target between 8 and 20, 1 with a target of 30, then 1 target to 80
- if a position is built with 8 trades, 5 at least will have a target between 8 and 25
Duration being most of the time correlated with the size of the price fork you are trading
Think it's enough description for an account without a DARWIN
But this time, I prefer to write once for all, since I don't necessarily have a lot of time to update.
We'll see to improve that if a DARWIN can be created in the future!
I don't have too many doubt about the fact that it should achieve superior results than $PIK, with more concistency, but... can we achieve the real aim? That is the question!
Scalping model with a [Cp] above 6.5 (manual trading obviously, haha)