Live Forex trading strategy with triple EMA

Hi Mykola,

It seems that your algo does not perform so well in 2019.

Are you trading with real money?

Hi,

here is the brief description of the algorithm's modules:

• main.py - entry point,
• FxTridentBase.py - main module - params init, list of currency pairs ( see selectGalaxyStars() )
  , OnData() event handler etc.
• FxEmaStar.py - class which contains all the stuff concerning to particular currency pair - traing method with trading rules (see trade_ondata() ), emit insights, EMA-Indicators, consolidators, trade-logging etc. 
• ForexGalaxyBay.py - collection of various currency pairs
• AlgoToolbox.py - class with different utils - logging, pip-calculations etc.

Hi,

in the screenshot below you can see how you could use an existing or construct a new currency pairs collection and set it then as "fx_galaxy" algoritm parameter

Screenshot Forex-Pairs Collection

as far as the "leverage" parameter is concerned, I wouldn't recommend to set it bigger than 10. Otherwise  the risk and drawdown would be too big.

Hi,

as you could see from the last backtest reducing portfolio to 3 pairs ("EURUSD": .5,                             ,"GBPUSD": .3, "AUDUSD": .2) increased profit by 17%.

Now we change "touch_pip_tolerance"-parameter from  -3 to -5 and make further 11% more and will get 100% net profit for the backtest starting from 2020-1-1  

Hi Valery,

you wrote:

> It seems that your algo does not perform so well in 2019. Are you trading with real money?

Yes, I do since Dez. 2020

It was always a big question to find a strategy with good chance/risk relation. A strategy will always have its winning and losing periods. The trick is to catch the winning wings an make a profitable exit within given strategy live period, havig reasonable risk management (i.e. leverage = 1 to 10 and stop_loss_pips = -30 to -50)

Regards,

Mykola

playing around with algo params even further - setting 

• take_profit_pips = 60 and
• stop_loss_pips = -40

Hi,

here is my live trading setup:

• show_log = X
• show_debug = X
• fx_galaxy = AgileFiveEqual
• fx_broker = OANDA
• leverage = 3
• take_profit_pips = 60
• stop_loss_pips = -40
• touch_pip_tolerance = -3
• equal_pip_tolerance = -3
• ema_red = 70
• ema_blue = 30
• ema_green = 10
• period_min = 480

... and few words about logging.

• As algo starts it logs its live-params like this (it could be useful thus the source code itself doesn't contain constant params):

LOG: : 2021-04-12 05:44:28.054417 - ------------------------------------
LOG: : 2021-04-12 05:44:28.054417 - ENVIRONMENT:
LOG: : 2021-04-12 05:44:28.054417 - ------------------------------------
LOG: : 2021-04-12 05:44:28.054417 - Algorithm:FxMltTrdnt.EMA70.30.10.A5E.8HL3
LOG: : 2021-04-12 05:44:28.054417 - start_date=2020-1-1
LOG: : 2021-04-12 05:44:28.054417 - end_date=
LOG: : 2021-04-12 05:44:28.054417 - fx_broker=OANDA
LOG: : 2021-04-12 05:44:28.054417 - fx_galaxy=AgileFiveEqual
LOG: : 2021-04-12 05:44:28.054417 - ema_red=70
LOG: : 2021-04-12 05:44:28.054417 - ema_blue=30
LOG: : 2021-04-12 05:44:28.054417 - ema_green=10
LOG: : 2021-04-12 05:44:28.054417 - leverage=3
LOG: : 2021-04-12 05:44:28.054417 - galaxy_type=0
LOG: : 2021-04-12 05:44:28.054417 - scalp_period=480
LOG: : 2021-04-12 05:44:28.054417 - take_profit_pips=60
LOG: : 2021-04-12 05:44:28.054417 - stop_loss_pips=-40
LOG: : 2021-04-12 05:44:28.054417 - touch_pip_tolerance=-3.0
LOG: : 2021-04-12 05:44:28.054417 - equal_pip_tolerance=-3.0

• and so could look a trading log (i.e. GBPUSD long-trade)...

Does anybody live/paper trading with this strategy? If yes, I'd be happy to hear your feedback

Hi Mykola,

Thanks for sharing this interesting strategy with the community. When continuing the development of this algorithm, consider adding a manual warm-up for the EMA indicators so they are ready when the algorithm starts.

Best,
Derek Melchin

Hi Derek,

Thanks for suggestion. A manual warm-up has alredy been done in the base-class:

class FxTridentBase(QCAlgorithm):

    def Initialize(self):

. . . .

        self.SetWarmUp(timedelta(15))

Best,

Mykola

Live Trading screenshot for current week (since 2021-04-21) :

Hey glad to see you've implemented the strategy on a live account!!

How is it going?