Q.
Under what scenarios would a M Cycle (instead of C cycle) be started? I
would like to understand more about this so I can set the proper
M1_lot_multiple at the right market conditions.
A.
M cycle use MACD Indicator H4 & D1 and Daily MA3, 9 and 50. It will open
when the indicators show the same trend.
Q. Does PB considers the Total Margin Used and Total Floating
Profit/Loss before opening a new cycle?
A.
Yes, that's the current equity.
Q. Does PB analyses historical trend and use it for making decision on
trade placement? If yes, how far back?
A.
It use the last 50 days and 9 days. It also use 4H period.
Q. Does PB analyse its own historical performance and use it for
making decision on trade placement? If yes, how far back?
A.
yes, but not based on how far back, rather on how big the current drawdown is.
Q. I remember you mentioned somewhere in your forum saying that if
SP_Distance is set to a lower number, such as 50 as opposed to the default
100, then PB will start a new C cycle sooner and also close the previous C
cycle quicker. Kindly elaborate the logics a little deeper, especially on
how that would affect the previously opened (uncompleted) cycles.
With SP_Distance = 50. It means if C1 open at 1.5000, C2 will open at 1.5050
or .4950.
A.
With SP_Distance = 100. It means if C1 open at 1.5000, C2 will open at
1.5100 or .4900.
If see above using 50, will make C cycle open sooner/more often than set to
100.
Q. Under what market conditions would you change the PS_Distance
settings?
A.
If you like aggressive trading.
Q. From your experience, what are the impacts of Enable_MACD_M1
setting. For example, the impact on floating P/L, Margin Used, closing, and
overall risk and profitability. And under what market condition would you
change this settings.
A.
I will turn off the Enable_MACD_M1 when I found the market really not good,
too choppy.
PointBreak cycles really good on trend market, but will make drawdown on
choppy market, altough Inside PB there is function to turn off new cycle
when drowdown is 20% or more, I usually turn it off manually if I feel the
market very choppy.
Q. From my understanding or Point Break EA. The concept behind it is
each Cycle will NEVER lose money. The key is to have sufficient balance in
the account so that it has sufficient fund to turn its direction in case it
goes the wrong direction some points within a cycle. Is my understanding
correct?
A.
Yes, but it will clear remaining positions (no matter loss or profit) if PB
has calculated that the current equity already above last watermark.
If yes, from your historical testing, what would be the max % of floating
lost that can occur for Risk=3 and M1_lot_multiple=2 (approximate is
sufficient)?
I would say the maximum around 40% of floating lost, but i consider set M1-
Lot-multiply to 1 is safer than set to 2.
