I have seen some success with the turtles-style pyramiding for trending markets, and I’d like to explore ways to do this in SQX.
IE: Once price breaks out of a range, buy and add to the position as it trends in the favourable direction, with tighter stop losses, up to a certain multiple of the original lot size.
I see there is an option in SQX for max lot size at any given time, which can give you some kind of pyramiding when you enable multiple orders. This seems like a workaround, not an elegant solution.
Are there any plans to add configurable pyramiding positioning?
Thanks as always for the great work.
For anyone interested, here’s some reading on the topic:
I did a fair bit of work on the Snowball on FF but ultimately agreed with PipMeUp and concluded that the concentration of trades during trending environments was less efficient than a single trade at the outcome of a trend.
Not surprised you had dabbled in this :-)
Great read. Thanks for sharing.
I wonder if, with the right strategy and the right settings, we could achieve trade pyramiding strategy that works.
I’ll mess around with it in the coming weeks and report back.
- This reply was modified 10 months ago by kasinath.
But if you read between the lines, that is what we are doing with diversification. We take a diversified approach to addressing a multiplicity of different possible trend trajectories…..and not investing all our effort in a pyramiding approach along the same trend trajectory.
Definitely have a mess around with it. It is a beauty to see in action on a long smooth trend….but it has a kick in the guts when addressing less well behaved trends.
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