Pamsy

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SteveHopwood
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Location: Misterton - an insignificant village in England. Very pleasant to live in.

Pamsy

Post by SteveHopwood »

SERIOUS WARNING
  • Most Forex traders lose all their money.
  • Using the robot posted here in trading Forex does not guarantee success.
  • Trading this robot could lead to serious financial loss.
  • Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
  • This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
  • At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
  • To trade this robot, you have to understand:
    • How to use EA's.
MAKE SURE YOU READ THIS POST http://www.stevehopwoodforex.com/phpBB3 ... 41#p111241 There was a Forex bloodbath on Jan 15th 2015 that you need to know about.

DigitalCrypto, David, is a gem and we are very lucky to have him as a contributor. I have worked for him privately, and he is fantastic. He asked Rene to code the Price Action Momentum indicator, referred to as PAM. David explains how to use it in the Youtube video and written details at http://www.stevehopwoodforex.com/phpBB3 ... 92#p134292

Continue no further here until you have viewed David's video - you will have no idea what is happening here.

Indicators
  • I have removed David's attempt to draw trade and stop loss lines from the attached PAM. Use it only for visual confirmation that the signals the ea is taking are correct. Rene has sent me the code to keep the calculation in house, so Pamsy does not need it.
  • The Daily Open Line indi is one that Pamsy uses. You do not need it on your chart for the ea to work, but you do need it in your Indicators folder.
The Daily Open Time
The DOT has nothing to do with the open of your broker's D1 candle. The Forex trading week opens at 22.00 GMT when Sydney gets going. Each new trading day begins 24 hours later, at 22.00 GMT. Both "Daily open line" and Pamsy have the TimeZoneOfData input. If your time zone is GMT, London for example, then the default of 0 is what you need. Your time zone is GMT + 2 then the input is 2. Your time zone is GMT - 1, then the input is -1. You will find Pamsy's input in the "Daily open price" inputs.

You need to experiment with this input to find the candle on your chart that opens at 22.00 GMT. How you do so is your problem not mine, and you are not allowed to ask about it here. Do so, and I will remove you to the On Moderation group of members unable to do anything other than read posts and download attachments.

I have opened a thread for those of you who get hopelessly confused - http://www.stevehopwoodforex.com/phpBB3 ... 36#p134336. Ask your questions there and see if some kindly person will try to help out.

Pamsy-specific inputs
There are moving average inputs to allow you to modify them should you wish to play with different settings.

DailyProfitTargetPips (in General Inputs) is your daily target per pair in pips. Pamsy will stop trading for the day when this target is hit. It is a blunt instrument in that it uses your broker's D1 candle. This may or may not be related to the trading day.

PamCandleRange is the number of candles over which Pamsy will look for a PAM.
PamBufferPips is added to the hilo for the pending trade price.
The next four inputs correspond to those in the indicator, but with "Pam" placed in front.
There are a few inputs to allow you to edit the style and colour of the pending trade lines.

You have the ability to use ATR to calculate your take profit.

Pairs to trade and time frame
M15
EURAUD
EURCAD
EURNZD

GBPAUD
GBPCAD
GBPNZD

Read post 3 in this thread.

In conclusion
I have added the Shell User Guide for those of you who need to know what all the usual inputs are about.

Have fun.



Matters of general interest
Go here to download and run the script that will fill your platform's missing chart history: http://www.stevehopwoodforex.com/phpBB3 ... f=15&t=254
Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... p?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.

Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179

EA coding
I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79, at the bottom of the post.

Useful utilities/EA's/scripts -

-
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Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
Peepaws
Trader
Posts: 121
Joined: Thu Nov 27, 2014 11:19 pm

Pamsy

Post by Peepaws »

Wow this happened very quickly! Thank you to all involved for getting this going I will begin testing as soon as I get home this afternoon.

EDIT: OK got it running on M15 low spread pairs only with a 25 pip TP. And guys when Steve says experiment with the Daily Open Price value he means just that. I used -6 for CST but the EA dashboard was showing Daily Open Price as 0.000, so I tried a few random numbers at first then started from 0, which proved to be the correct number for me. Keep trying until it shows the proper daily open price as it will not work properly otherwise.

Steve hopefully you don't mind me adding this :)


Thanks again to Steve, DigitalCrypto and Renexxx!
DigitalCrypto
Trader
Posts: 237
Joined: Tue Feb 24, 2015 4:38 am

Pamsy

Post by DigitalCrypto »

@Steve Looks to be working as expected. Thank you!

@Everyone I set it to break even trade at 10 pips to lock in 5 pips. I then turned on jumping stop for 5 pips. I'm using these settings on M15 charts. Also I prefer only short trades as they happen quickly and easily.

ProTip: Commodity pairs provide for many (10+) pips in a single move.

My favorites are:
EURAUD
EURCAD
EURNZD

GBPAUD
GBPCAD
GBPNZD

I don't mess with Dollar anything. USA/Anthing is too unpredictable and reprehensible.

You will need to examine each pair to see what is best for your tastes and trade accordingly.

EDIT: It occurred to me when I awoke this morning that you can place an ATR(21) on your chart to get an idea of the average number of pips over the last 21 candles from which you could set a more accurate take profit. Also fixed a typo. Meant to say M15 not M5. Sorry for confusion.
DigitalCrypto
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Posts: 237
Joined: Tue Feb 24, 2015 4:38 am

Pamsy

Post by DigitalCrypto »

I just noticed on trade long it is buying as soon as it gets a signal without price crossing the buy line.
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SteveHopwood
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Location: Misterton - an insignificant village in England. Very pleasant to live in.

Pamsy

Post by SteveHopwood »

DigitalCrypto » Wed Jan 27, 2016 7:24 pm wrote:I just noticed on trade long it is buying as soon as it gets a signal without price crossing the buy line.
You will have to produce evidence in the form of a chart pic before I believe that.

:xm:
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
User avatar
SteveHopwood
Owner
Posts: 9754
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Pamsy

Post by SteveHopwood »

V 1a is in post 1.

I have added ATR for take profit calculation, along with code intended to prevent more than one trade per PAM signal.

:xm:
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
MrBig1964
Posts: 3
Joined: Mon Jun 22, 2015 10:31 am

Pamsy

Post by MrBig1964 »

Seems a very simple and clear strategy.
Testing in EURAUD, EURCAD and EURNZD, M15 timeframe.
DigitalCrypto
Trader
Posts: 237
Joined: Tue Feb 24, 2015 4:38 am

Pamsy

Post by DigitalCrypto »

@Steve,

Still seeing PAM entry line being drawn wrong.

If there is a lower low it shouldn't put a line at all. I couldn't decipher the advanced coding to make heads or tails of it.
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User avatar
SteveHopwood
Owner
Posts: 9754
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Pamsy

Post by SteveHopwood »

Pamsy started making profits on demo the instant I moved him to the pairs DC recommended earlier. See post 3.

:xm:
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
DigitalCrypto
Trader
Posts: 237
Joined: Tue Feb 24, 2015 4:38 am

Pamsy

Post by DigitalCrypto »

Yes it works nicely Steve. Great work!

@All
My daily goal is 40 pips @ 0.05 risk per position. Pamsy hits that quickly. I have been demoing on GBPJPY with ATRTakeProfit(21) with 2x multiplier and been getting this in about 1 to 2 trades.

@Steve
Do you have a function that can stop trading for the day once a goal has been reached?
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