Bucket of Trades and Add to Value Opposite Side

[bigfoot]

Hi

I'm trying to test an idea which works by getting the minimum trade value of a basket and if that basket is still running with open trades on either the buy side OR the sell side (all same value) when an opposite signal is triggered that side looks at the 1st open trade size and adds to value.

example:
4x basket sells are open at 0.01

Buy signal triggers and opens at 200% of the sell trade side at 0.02 for buys

basket sells close

basket Buy trades are at 0.02

Sell trigger and because we have buys still open at 0.02 it opens the next sell trade at 0.04 and so on.

If both buys and sells are closed and there is no open trade left then the next trade would be at the original size chosen.

Just starting this project tomorrow onwards if anyone wants to help along?

https://fxdreema.com/shared/8BjjqfJtc

[l'andorrà]

I don't fully get the logic on that management. What's exactly the target behind that? Isn't it a kind of oscar's grind approach management?

[bigfoot]

@l-andorrà

Yes I guess it will work out similar however the overall close logic could be different making it a bit of a hybrid. Also I wouldn't be looking at increasing the opposite side more than 200% of the starter side.. each "trade" is treated as 1 batch as one batch buy and one batch sell (if both buy and sell open).

[bigfoot]

So the logic I'm trying to capture is as basket buys are at 0.01 (greater than one buys) but going into drawdown the sell trade opens using it's own signal, this size opens a 200% the value of buys at 0.02.
Sells continues to open at 0.02 until the buy side closes. Sells will stay at 0.02 until the sell side closes, if any new buys open whilst the 0.02 basket sell is running they would be at the starting trade size of 0.01

[bigfoot]

Any clue why this isn't adding to volume on the second signal, please?

https://fxdreema.com/shared/VcjCcfOYc

[bigfoot]

Think it is because block 10 needs to look at block 3 to get the current volume? So this would need to be a constant/variable?

[l'andorrà]

You definitely need a variable controlling when the second trade is happening. If I understand it correctly, there will never be 2 open trades at the same time, right?

[bigfoot]

Hi @l-andorrà

This particular system has open buys and sells simultaneously.
Most times a basket goes into several trades on one side and the other side will take single trades or smaller basket trades. The idea is if one side has a multiple open before the other side i.e. buys 2 =>trades then the sell side would open 2x the value.. and revert when closed, etc.

[bigfoot]

@l-andorrà Having thought through this more carefully I don't think I would achieve a great deal for the overall system. I am trying to avoid a martingale scenario but I think I would just ultimately increase the risk on one side due to Murphy's Law...!

[bigfoot]

@l-andorrà thank you for your offer to help though

[l'andorrà]

@bigfoot Good conclusion! You're welcome.