Topic: Forex Pyramiding?

I aleady posted this in the "Help & Support" section bit thought it may be better suited to this section.

Hello all I hope you are all having a great summer.
I would like to try and build a pyramiding EA if possible and do some testing with it.

I am sure most of you are aware of pyramiding but for those that are not familiar with the strategy it involves moving your stop to break even at a certain point and then using the existing equity from the open trade as margin for a new position.  If that second position also moves into profit at a certain point that position is moved to break even, and the stop for the first position is moved to the same spot as the stop for the second position (in profit).

In theory you can keep adding positions like this but obviously the more positions that are added with fairly tight stops, the less and less likely it is that your trade will hit the Take Profit level before stopping out.

The idea with pyramiding is that your risk stays constant throughout the trade regardless of how many positions are added, because you are using the "locked in" equity from the open trades to cover the potential loss on the newest open position should it turn around on you and hit your stop.

Obviously this method will only work when price is trending well, and even then you will have many losing trades before catching a winning trade.  The idea in theory is that your winning trade will be many times larger than your losing trades.

I hope that I have explained the theory of pyramiding well enough.  There are marketers out there selling such EAs that will allow you to input your: i) Account Size, ii) Risk factor, iii) SL, iv) TP, and v) "top up levels" (new add-on position levels) EA will calculate the rest and auto trade the pyramiding strategy for you.  However these marketers charge approximately $300.00 U.S. for the EA.

Since we have the best Forex Strategy Building Software already I thought there must be a way to build a similar EA using FSB?

The first road block as I see it is when using FSB it doesn't appear to let you use a manual opening for the "Opening Logic" such as a pending order or a market order.  But I am sure there is a workable solution to this.

The second road block as I see it is that FSB allows you to add additional positions but only when there is another "opening logic" condition satisfied.  What we want with pyramiding is another opening position when the trade is in profit by "x" pips.

If anyone has any suggestions on how building such an EA with FSB may be possible I would love to hear them.  But I understand if a pyramiding EA is just too far outside the scope of what FSB was designed to do.

Thanks in advance.

Re: Forex Pyramiding?

Perhaps your request could be simplified and placed in the 'Wish list' thread so that the developer can put it on his list.

He has a long list of things to implement as time permits and I am sure he will look at your request as time permits.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Forex Pyramiding?

Hello Sergiel,
is the pyramid strategy, even I know, is well described in this post:

In part you can do with FSB, using the "New opening only in profit," what you can not do is tell FSB to only open when the new order is at least XXX Pips from the previous year.

I asked earlier, but the answer was not clear, I sent a PM to Popov for further explanation and to make up such a display (for a fee) but I had no answer.

If you want, we will know more.

Re: Forex Pyramiding?

I use the  'Additional Entry Signals' and sometimes get a bunch of 12 or even more additions...

If you are serious about this feature, put it in the wish list...... as that is where Popov looks for the things that [people want.

I just know that he is too busy to be looking through the threads and emails, whereas he does check the wishlist often and adds items to his list of things to modify or add.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

5 (edited by Freesby 2016-10-31 20:52:54)

Re: Forex Pyramiding?

Wishlist, very useful thing, to which I am very grateful.
Available to have it for a fee, has nothing to do with the wish list.
Entry is an indicator.

Blaiserboy, lately you seem personal secretary.

Re: Forex Pyramiding?

Not quite a secretary, however, I do have some idea as to the time that Popov has available for his business and the amount of time he devotes to revising  and testing revisions to the program.

And I am also aware as to how much support he has to provide to the program because of the tens of thousands of users.

From your post it appears that he has offered to have something prepared to your specification for a fee. Perhaps a few people will contribute a share, that is, if people are really interested.

Keep in mind... he will probably be outsourcing the job.. hence the fee, and that because he does not have the time,

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....