There is no indicator that can indicates if trend is up or down without lagging.
I suggest something simple instead.
EA should work Long and Short combined.
Trading 24 hours (no sessions).
Add "days" parameters to trade (Monday to Friday) i.e if Monday=0, no trade on Mondays.
And as for the system itself:
The initial TP can be a variable (Parameter in pips) but once we had a loser on any day - TP should be calculated as the sum of the daily losses + 1 pip.
There is no indicator that can indicates if trend is up or down without lagging.
I suggest something simple instead.
EA should work Long and Short combined.
Trading 24 hours (no sessions).
Add "days" parameters to trade (Monday to Friday) i.e if Monday=0, no trade on Mondays.
And as for the system itself:
The initial TP can be a variable (Parameter in pips) but once we had a loser on any day - TP should be calculated as the sum of the daily losses + 1 pip.
Thanks for your suggestion. Please find below answer/reply.
1. Yes. Indicator is lagging. Might try to apply smooth heikin-ashi indicator and optimized it.
2. Unfortunately, EA is unable to work for both long and short trade together because the subsequent order is based on previous order, and it will auto readjust grid distant in pertaining to prevailing market price. In fact, I like to keep the code simple because we could run 2 EA at separate chart windows.
3. Yup. Trading could be 24 hours. Parameter for extern bool Period_ONOFF = false
4. For the "days" parameters, i will consider your advice.
5. Lastly, good idea. I think it works better in 24 hours non-stop trading period.
Thanks for your suggestion. Please find below answer/reply.
1. Yes. Indicator is lagging. Might try to apply smooth heikin-ashi indicator and optimized it.
2. Unfortunately, EA is unable to work for both long and short trade together because the subsequent order is based on previous order, and it will auto readjust grid distant in pertaining to prevailing market price. In fact, I like to keep the code simple because we could run 2 EA at separate chart windows.
3. Yup. Trading could be 24 hours. Parameter for extern bool Period_ONOFF = false
4....
Thanks for your suggestion. Please find below answer/reply.
1. Yes. Indicator is lagging. Might try to apply smooth heikin-ashi indicator and optimized it.
2. Unfortunately, EA is unable to work for both long and short trade together because the subsequent order is based on previous order, and it will auto readjust grid distant in pertaining to prevailing market price. In fact, I like to keep the code simple because we could run 2 EA at separate chart windows.
3. Yup. Trading could be 24 hours. Parameter for extern bool Period_ONOFF = false
4....
I just posted a tool for optimizing heikan ashi smoothed in the still basketing thread. You might find it useful for what you are doing. You only need to find something statistically significant (not really profitable) to use it as a filter for another system.
Joined Sep 2012
|443 Posts|
Status: Trade Smart !!!
Update new info into post#1.
I have code a trend indicator name Trend Band. It is the combination of TMA line + TMA Band. Currently working on this Trend Band and Heikin-ashi Smooth indicator to test in various time frame and historical data, in order to find the optimal trend parameter value before attached into grid system. Will post the result soon.
Joined Sep 2012
|443 Posts|
Status: Trade Smart !!!
New grid version: V102 to be released to public from the idea of Angel65. This is the modification from previous version V101. And I have deleted the old version because the result is not promising.
Again, sorry for the lost of EA version V002(Previous name is G002) due to miss deleting when i tried to upload new grid version here. If someone still keep the EA version V002(G002), please upload here.
Hi, I 'm looking a grid EA and I've found this thread.I need an EA which opens buy and sell orders at the same level, with configurable stops, targets, and grid size.
For example, if the price is 1.3000, and I want a grid of 50 pips , I need buy and sell orders at 1.3050; 1.3100; 1,3150, but also, I need buy/sell orders at 1,2950; 1,29; 1,2850, and so on. When a trade is closed ( by target or stop) , I need a new open order at the same price.
Hi, I 'm looking a grid EA and I've found this thread.I need an EA which opens buy and sell orders at the same level, with configurable stops, targets, and grid size.
For example, if the price is 1.3000, and I want a grid of 50 pips , I need buy and sell orders at 1.3050; 1.3100; 1,3150, but also, I need buy/sell orders at 1,2950; 1,29; 1,2850, and so on. When a trade is closed ( by target or stop) , I need a new open order at the same price.
Somebody can help me?
Not clear about the order. Do you mean price above 1.3000, long and short orders are executed at same price? How about price below 1.3000, long or short or both order is executed?
Ok, I'm going to clarify. Every level has two open orders, for example our starting level is 1.30:
1.3100: open long with target 1.3150 and open short with target 1.3050
1.3050: open long with target 1.3100 and open short with target 1.3000
1.3000: open long with target 1.3050 and open short with target 1.2950
1.2950: open long with target 1.3000 and open short with target 1.2900
1.2900: open long with target 1.2950 and open short with target 1.2850
So if the broker doesn't support hedge positions, then we need two accounts. Imagine, price is 1.30, goes up at 1.3050. One position closed at 1.3050 and a new open long order is placed at 1.300 with target at 1.3050 (replacing the closed position). Then the price comeback to 1.30 , and a new long position is opened with target at 1.3050. Where are back to the strating price, but we are booked 50 pips.
I know, this is a classical grid, and for this reason has the typical grid problems. I have "my solution". But I'm not going to reveal my solution in public.
Ok, I'm going to clarify. Every level has two open orders, for example our starting level is 1.30:
1.3100: open long with target 1.3150 and open short with target 1.3050
1.3050: open long with target 1.3100 and open short with target 1.3000
1.3000: open long with target 1.3050 and open short with target 1.2950
1.2950: open long with target 1.3000 and open short with target 1.2900
1.2900: open long with target 1.2950 and open short with target 1.2850
So if the broker doesn't support hedge positions, then we need two accounts. Imagine, price is...
But don't you also have an unbooked loss of 50 pips as you would have opened a long position at 1.3050?
No. Because at 1.3050 you opened a long and a short position. Let me explain again.
We start at 1.30:
1. we open a long with a target 1.3050, and also we open a short with target 1.2950.
2. Price goes to 1.3050, our long position is closed at 1.3050, but at 1.3050, we also open a long with target at 1.3100 and a short with target at 1.30. ( so here we have a profit of 50 pips closed and a open loss of -50. This is a open loss due our short open at 1.30).
3. Price comes back to 1.30. The short position open at 1.3050 is now closed at target, so now we have a closed profit of 50+50 pips, and a open loss of -50 ( long position at 1.3050). Here we reopen our long position at 1.30, with target at 1.3050.
4. What can happen next?
A. price can go up, if so, we will close our 1.30 long at 1.3050 again, and we will reopen our short at 1.3050. In these case, the will have +50+50+50 pips profit and a -50 open loss 8 short position of 1.30).
B. Price goes down, if so, We open a long at 1.2950, with target at 1.30. Also, we open a short at 1.2950, with target at 1.29. Also, our short position from 1.30 is closed at target, so we have a closed profit of +50+50+50+50, but also we have a open loss of -50, and -100.
As you can see, the 4.B possibility, is the worst case scenario, because if there is a huge movement we are adding losing positions. But I have a solution for this problem.
As you can see, the 4.B possibility, is the worst case scenario, because if there is a huge movement we are adding losing positions. But I have a solution for this problem.
Why don't you give solution to public so all can be benefited.
As you can see, the 4.B possibility, is the worst case scenario, because if there is a huge movement we are adding losing positions. But I have a solution for this problem.
I have tried this classical grid system before, but the performance is not promising. So i give it up.
Now very interesting that you know how to deal with this risk. Please PM me.
