Pipx1MScalp2020 (ver. 1) Running

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I have broken the strategy into 6 groups for easier management by other users. They consist: Sanity Checks, Indicators, Signal Evaluation, Pipx’s Leverage, Trade Now and Position Management. Sanity Check Group: Since it’s a scalper, it only trades when spreads are less than 1 ensuring there is enough volatility in the market. This group also involves checking the default instrument, time period and number of open positions. Indicators Group: This strategy uses 5 indicatorsRelative Strength Index (RSI), Money Flow Index (MFI), Tom Demark Indicator (TD_I), Laguerre Indicator (LAGACS1) and Ichimoku (Senkou Values). Indicator time periods are set to 4 with the LAGACS1 using a lookback of 1000, gamma 0.66 and Moving Average of 4. Ichimoku Senkou is set to 52. These values are arrived at through continuous optimization and backtesting the strategy offline on EUR/USD using 1 minute timeframe. Signal Evaluation Group: The logic is to try and predict when a market turn is eminent and enter a position in the expected direction. I.e. to buy or sell when levels are in their extremities (oversold and overbought) and use Ichimoku Senkou values as confirmation. In short, there must be confluence amongst all 5 indicators for a signal to be valid. Position Management and Pipx's Leverage Groups: Dynamic trade volume start at 50% of equity, increases relative to equity and is capped at 8M. Position management occurs onTick. It involves a custom trailing stop which is triggered once the market moves +12pips and an initial stop loss of -25pips placed on open. In case the trail profit move is rejected, the strategy will close the open position at market price. This strategy uses custom leverage instead of the default leverage and also allows leverage to be set for use on Fridays. The lower Friday leverage ensures positions opened on Friday are protected from the weekend leverage requirement. Current settings are, 45% Fridays and 90% other days. Trade Now Group: This is responsible for opening a position after a valid signal has been confirmed. Caution: I have optimized this for the contest (to win or lose the account). Do not use it on a live account without lowering percentage risked to something like 0.5% – 1%. (It’s at 50%) – Pipx

Cumulative Profit/Loss dynamics

Selected period: 01.12.2019 - 31.12.2019

Full Stats

Standings (points): 7 (275)
Performance, $ (points): 178,91K$ (195)
Drawdown, % (points): 9.43% (45)
Bonuses: 35
Average Profit Trade: 6,69K$
Average Loss Trade: -16920.4$
Profit factor: 0,00K
Number of trades: 20
Traded volume: 244,23M$
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