Using percentages instead of pips

This is a discussion on Using percentages instead of pips within the Trading Software forums, part of the Commercial category; I've been looking around online for the past few days and just cannot find if its possible to use percentage ...

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Old Apr 23, 2016, 9:01pm   #1
Joined May 2011
Using percentages instead of pips

I've been looking around online for the past few days and just cannot find if its possible to use percentage movements instead of pip movements on automated trading in MT4, I'm sure it must be possible but cannot for the life of me find the software add-on needed

Thanks in advance for any pointers
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Old Apr 24, 2016, 12:12am   #2
Joined Feb 2002
Sensible post. I've said here before, pips mean nothing in spreadbetting. Neither do any individual spreadbetting firm's idea of "points" - that's for their convenience, not the client's I'm sure.
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Old Apr 24, 2016, 8:03am   #3
Joined May 2011
billnye5 started this thread Its just a strategy i came up with is profitable (albeit with some tweeking and some not working) on all ftse 100 shares using percentages not pips, I went through and individually set up backtested each alert before they shut the platform.
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Old Apr 24, 2016, 2:06pm   #4
Joined Apr 2016
Profitable in demo pips I am sure. But when real money is involved, they generally move 20% against your position. This is unsurvivable for curve fitters.
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Old Apr 24, 2016, 2:21pm   #5
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billnye5 started this thread
Quote:
Originally Posted by EnlightenedJoe View Post
Profitable in demo pips I am sure. But when real money is involved, they generally move 20% against your position. This is unsurvivable for curve fitters.
used backtesting and wasn't curve fitting, it was mean reversion albeit with different parameters
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Old Apr 24, 2016, 2:28pm   #6
Joined Apr 2016
Back testing is curve fitting. The future market action is not determined by the past. It is determined by what profit is available for those who move the market. Moving the price by 20% against positions generally yields a profit for them. For smaller stocks, there is practically no limit on how far they will move the price to get a profit. Did you know they are trying to make a living ?
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Old Apr 24, 2016, 2:46pm   #7
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billnye5 started this thread so all EAs are useless, and anybody trying to trade the market alone will get beaten up? only companies of size say larger then half a billion can profit from it?
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Old Apr 24, 2016, 2:57pm   #8
Joined Apr 2016
Not really, anyone who knows it moves like that can profit. As he should because he can predict the future.

A 500 million company using EAs will get wiped out same as the internet joes.
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