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Profitable Grid Break-out Trading System(PGBTS)

  • Post# 1
  • Quote
  • First Post: Oct 12, 2012 5:25am | Edited Dec 29, 2012 12:45pm
Good-day All,

Redefined For Greater Profitability of 40-50% Per Month.

This Strategy is For:
1. Those that have full time Job.
2. Those that love stressfree trading.
3. Those that want to enjoy trading.
4. Those that dislike charts.
5. Those that forex has betrayed.
6. Those that love to make huge profit of 20%+ in a trading section of 4-8hrs.
7. Those that have the heart to take 9 consecutive losses knowing fully well that they need 3 consecutive wins to brake-even.


I Like to share this Grid strategy based on two premises:
1. It is based on brake-out for its profitability.
2. Ranging market is inevitable and brake-out gives us high profitability with the use of Risk:Reward ratio of Ratio: 1:3.


The Strategy:

1. Decide the currency pair to trade- eg. EUR/USD, EUR/JPY, GBP/USD, GBP/JPY etc.
2. Decide your grid levels .e.g. every 10pips, 20pips, 30pips round number etc.
Advice for choosing grid level for a currency pair:For spread 1-3pips- grid 10pips or more;For spread 4-6pips- grid 15-20pips or more etc.
3. I Risk 1% or 0.5% per trade.i.e: SL:TP - 1%:3% or 0.5%:1.5%
4. Stoploss to Takeprofit ratio : Ratio 1:3 e.g: SL 20pips: TP 60pips for grid 20pips OR SL 10pips: TP 30pips for grid 10pips.
5. Place Buystop and Sellstop at every of your decided grid level with your stoploss and take profit at every level.


Short Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 10pips round number.
3. My takeprofit is 30pips and stoploss is 10pips. I risk 0.5% or 1% per trade.
4. I place my Buystop 200pips(20 Trades) upward and Sellstop 200pips(20 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 10 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market. If there is any trade on or running -I set new trades on the next grid 10pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 5%-20%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 10pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.

I have traded this way with high profitability with a risk of 1% per trade.

Atleast you can make 10%-15% weekly.



Medium Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 20pips round number.
3. My takeprofit is 60pips and stoploss is 20pips. I risk 1% per trade.
4. I place my Buystop 200pips(10 Trades) upward and Sellstop 200pips(10 Trades) downwards.
5. I repeat the Process everyday by setting new trades at the grid 20 pip at 7-8hrs GMT, 13hrs GMT and 18-19hrs GMT depending on the move of the market . If there is any trade on or running -I set new trades on the next grid 20pips outside the range of the entry and current price of the current trades.
7. On days when the market is trending and I have made 7%-15%+profit or when the price has gone trending 100pips+, I set new sets of trades on the next grid 20pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.

Atleast you can make 10%-15% weekly.



Long Term Traders/Strategy:
1. I Trade EUR/USD
2. My Grid level is 100pips round number.Grid level must be the same as Take profit.
3. My Takeprofit is 300pips and Stoploss is 100pips. Risk at least 1% per trade.
4. I place my Buystop 1000pips(10 Trades) upward and Sellstop 1000pips(10 Trades) downwards.
5. I repeat the Process at the beginning of every-week by setting new trades at the grid 100pips. If there is any trade on or running -I set new trades on the next grid 100pips outside the range of the entry and current price of the current trades.
7. On weeks when the market is trending wildly and I have made 10%-21%+profit or when the price has gone trending 700pips-1000pips+, I set new sets of trades on the next grid 100pips outside the range of the entry and current price of the current trades.
8. In a ranging market the losses are covered by a brake-out for profitability.

The Profitability is not limited.



Please note:

1. You need to subtract the spread from each StopLoss.E.g.
For grid is 10pips trading EUR/USD with spread of 2pips, SL:TP- 10pips:30pips; Each trade will be 8pips SL and 30pips TP.
For grid is 20pips trading EUR/USD with spread of 2pips, SL:TP- 20pips:60pips; Each trade will be 18pips SL and 60pips TP.
For grid is 100pips trading EUR/USD with spread of 2pips, SL:TP- 100pips:300pips; Each trade will be 98pips SL and 300pips TP.

2. Ranging Market: If the market is ranging below the size of your TP, set your trades outside the range.E.g.
For grid is 10pips trading EUR/USD with SL:TP- 10pips:30pips and the market is ranging below 30pip; Then set your trades outside the range for a brake-out.
For grid is 20pips trading EUR/USD with SL:TP- 20pips:60pips and the market is ranging below 60pip; Then set your trades outside the range for a brake-out.
For grid is 100pips trading EUR/USD with SL:TP- 100pips:300pips and the market is ranging below 100pip; Then set your trades outside the range for a brake-out.



You can Back-test the profitability and trade on demo before going life.

The tread continues from: http://www.forexfactory.com/showthre...14#post6327314

Opinions and positive contributions are welcomed.



Note: Please do not sell or re-publish this strategy.
Please if there is anyone in the house, you can come up with the EA and lets see how profitable it is.

Regards.
I will post my daily profit and losses- I have made 2% this morning.
Hello dare,

Is it possible to show some charts.
Thank you.
Quoting zepipo
Hello dare,

Is it possible to show some charts.
Thank you.
I will only show based on my system above for just 5 steps up and down:
At every 20pips.

etc:

Buystop SL-40pips:TP-20pips @ 1.3000

Buystop SL-40pips:TP-20pips @ 1.2980

Buystop SL-40pips:TP-20pips @ 1.2960

Buystop SL-40pips:TP-20pips @ 1.2940

Buystop SL-40pips:TP-20pips @ 1.2920

Assumming Price is within 1.2900 and 1.2920

Sellstop SL-40pips:TP-20pips @ 1.2900

Sellstop SL-40pips:TP-20pips @ 1.2880

Sellstop SL-40pips:TP-20pips @ 1.2860

Sellstop SL-40pips:TP-20pips @ 1.2840

Sellstop SL-40pips:TP-20pips @ 1.2820



Hope this makes it clearer.
Seen something similar previously.
Makes no sense to me Your TP and new trade levels are the same.
No point in closing.
Just trail the stop.

M.
Quoting futurespec
Seen something similar previously.
Makes no sense to me Your TP and new trade levels are the same.
No point in closing.
Just trail the stop.

M.
It doesn't work like that. You just jumped into conclusion.
Can I ask you how long you developed systems ? AS far as I can say this won't work.

Two big disadvantages: First on rebound days you loose many pips.
On sideway you loose less but also if it breakout you can loose many pips if it comes back in Range again.

Your "no trade" area widen up and your losses also. I tried something like that before, but I give it a try.

I will let you know about the results (about 5 month backtest),

thanks for re-remember me for that strategy !

Greets Jack
Quoting JackintheBox
Can I ask you how long you developed systems ? AS far as I can say this won't work.

Two big disadvantages: First on rebound days you loose many pips.
On sideway you loose less but also if it breakout you can loose many pips if it comes back in Range again.

Your "no trade" area widen up and your losses also. I tried something like that before, but I give it a try.

I will let you know about the results (about 5 month backtest),

thanks for re-remember me for that strategy !

Greets Jack

Your observations are right. Making losses is part of the business.
1. When the market is sideways- you loose only within the range.And make profit when the market brake-out.
2. When the market is rebounding- you cannot be trapped. Making our stoploss times 2 of our profit is deliberate for that purpose.


One of the easiest way to make money in forex is to obey the money management rule strictly and disobey every-other rule you've ever learnt.
DO you have some charts to see results?
No intention to discourage you but... it looks good technically, but doubtful about its use in practically. Eventually it will fail.

BHT here is a ea for grid trading. I mostly do grid trading and i have my own rules for trading.
Attached File
File Type: ex4 Grid_Demo.ex4   18 KB | 619 downloads
This should handle it.
Attached File
File Type: mq4 MakeGrid193BE.mq4   31 KB | 843 downloads
this is good!
Attached File
File Type: mq4 Grid MonsterEA~.mq4   14 KB | 1,121 download
Interesting...and would like to know more about the result...
Patience, let the market come to you!
I can accept that I might have jumped to a conclusion (but only based on your explanation) but would you care to prove how I may be wrong!?

To me you would only be incurring unnecessary spread charges.

M.
Quoting futurespec
I can accept that I might have jumped to a conclusion (but only based on your explanation) but would you care to prove how I may be wrong!?

To me you would only be incurring unnecessary spread charges.

M.
When you do this type of trading you have to consider spread and then only it will profitable trading system.
Hi,

You have a negative risk/reward ratio of 2:1 ??? Risking the double of pips that you plan to earn while it should be the contrary and if possible 1:3 ! Covering 2 losers with 1 winner.

Then, when losing you wait for a breakout to cover ? How do you know that a breakout will cover your loses with such a R/R ?

It seems very hard to me to have this system winning in the long term but I hope for you that I'm wrong.

All the best!
MEA All Time Return: 1.4%
This will not I think work . There is an ea posted by XLtang which you can use to backtest. It is called Daily6PendingOrders. It as default trades a basket of crosses but you can change this in the properties tab to trade only one.

good luck

G
Good-day all,
Great thank you goes to waltini1 and yhp6610058 for the ea.Hope it meets up to specification as per the trading system for those that like to use the ea.Although I trade the system manually.

Thank you all for your contributions and criticism.

I will post daily the previous day trading result and summary for each week and month.
This is another way one can trade EUR/USD, but it might be a little stressful because it is on 10pips grid.

For Example:
1. I Trade EUR/USD
2.My Grid level is 10pips round number.Grid level must be the same as Take profit.
3. My takeprofit is 10pips and stoploss is 20pips.
4. I place my Buystop 200pips(20 Trades) upward and Sellstop 200pips(20 Trades) downwards.
5. I repeat the Process everyday.On days when the market is trending, I set new sets of trades after making 7-10%+profit or when the price has gone trending 100pips+.
6. If I make one loss and my profit does not cover the losses I wait for a brakeout to make profit that covers my losses.This means that I don't place any trade within the range of a loss trade, I wait for a brake-out for profitability.

Thank you.
Happy Trading.
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