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GBP/USD M8 Trend-Following - PB1006
Tue, Feb 03, 2015, 12:07 AM
Post: #1
Index GBP/USD M8 Trend-Following - PB1006
Target market: Pound/Dollar (Forex: GBP/USD)
Supported platforms: TradeStation, MultiCharts
Strategy type: Trend-Following
Risk: Conservative
Time frame: Intraday - 8 minute
Required add-on(s): PivotBuilder Personal Trading Suite
Included components: 2xStrategy (LE, SE)
Workspace designation: PB1006

This workspace is intended for long-term following of GBP/USD intraday trend. It is worth mentioning that the setup takes advantage of PivotBuilder v2's new signal filter (available in LE, LX, SE, SX add-ons). Statistics presented below explain the strategy: PivotBuilder follows trend through to exhaustion, accumulating large profit runs while breaking even or taking small losses on ranging or consolidating markets. Accuracy (number of profitable trades) is not a key metric with this strategy since we're basically ignoring the many small losses you get during consolidation, and instead focusing on riding the trend to its very last pip. Average losing trade is $239, while average winning trade stands at $790. Total Trade Distribution screenshot indicates that these big trend runs are not outliers - they occur at definable regularity. Drawdown is under 4% and annual return @ over 23%, making the strategy relatively conservative. Spread (2 pips) and Slippage (1/2 pip) have been applied to simulate realistic trading conditions.

PivotBuilder Strategy PB1006: GBP/USD Trend-Following Equity Curve


PivotBuilder Strategy PB1006: GBP/USD Trend-Following Performance Summary


PivotBuilder Strategy PB1006: GBP/USD Trend-Following Trade Analysis


PivotBuilder Strategy PB1006: PivotBuilder Strategy PB1006: GBP/USD Trend-Following Total Trade Distribution


PivotBuilder Strategy PB1006: GBP/USD Trend-Following Series Statistics


PivotBuilder Strategy PB1006: GBP/USD Trend-Following Run-up versus Drawdown


PivotBuilder Strategy PB1006: GBP/USD Value Added Monthly Index


TradeStation/MultiCharts Strategy Properties:
  • Commission: $20/trade (2-pip spread)
  • Slippage: $5/trade (1/2-pip spread)
  • Trade Size: 1 lot
  • Maximum open lots at any one time: 1

The attached workspaces contain 2 Strategy add-ons for back-testing and auto-trading the setup:
  • Long-Entry (LE) - PivotBuilder conditions for opening long positions and simultaneously closing short positions
  • Short-Entry (SE) - PivotBuilder conditions for opening short positions and simultaneously closing long positions

The attachment ending with .tsw is a TradeStation workspace, while .wsp is intended for MultiCharts users.

NEW: Also attached is a full performance report in xls (excel) format - including documentation of every trade opened by the PivotBuilder strategy.

Opening the workspace:

You must have PivotBuilder Trading Suite installed before loading the workspace.

  1. Download the appropriate workspace, attached to the bottom of this post
  2. Copy the downloaded file into the:
    • TradeStation users: TradeStation\MyWork folder (e.g. C:\Program Files\TradeStation).
    • MultiCharts users: the default directory is your Windows Documents folder
  3. Launch TradeStation/MultiCharts, then go to File>>Open Workspace, or alternatively, press Ctrl-O
  4. Select PivotBuilder-Personal-GBPUSD-M8-Trend-Following-PP1006 and select Open.

Once you load the workspace into your platform, enter the Serial number into each strategy add-on. To avoid entering your Serial every time you open the workspace, enter the number once, then save it as a new workspace.

Marko Nikolic
President and Chief Developer
February 3, 2015, Toronto, Canada

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. YOU AGREE TO USING PIVOTBUILDER - PERSONAL SUITE AT YOUR OWN RISK. MARKO NIKOLIC, MARKO NIKOLIC INVESTMENT RESEARCH, AND NITRODE INC. ARE NOT LIABLE FOR ANY LOSSES YOU MAY INCUR BY USING PIVOTBUILDER - PERSONAL SUITE.



Attached File(s)
.xlsx  GBPUSD M8 Trend Following PivotBuilder Strategy (LE); PivotBuilder Strategy (SE) Strategy Performance Report.xlsx (Size: 1.14 MB / Downloads: 20)
.wsp  PivotBuilder-Personal-GBPUSD-M8-Trend-Following-PB1006.wsp (Size: 112.12 KB / Downloads: 29)
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