Free EA - Piggy n The Middle
Hello Forex Factory Members!
This is my first thread on Forex Factory so I will try to make it a good one.
FIRST AN FOREMOST: Let me just thank Mr Remon Reffat for giving a lot of us invaluable insight on his very unique strategy on grid trading.
Without Mr Remon's thread, I would not have thought about the method of trading I have implemented in my newly created EA. Let me please give credit where credit is due and identify where Remon's ideas have influenced me and take similarity in my strategy.
Without these two ideas, I would not have been able to work on what is indeed a bit of a strategy that mimics Mr Remon's but with a new twist.
However there are numerous developments that have lead to how I got there and this is why my EA is already called v4
Although grid size is very important when trading, I have added a variable TP position in pips.
Congratulations Friend for the initiative.
I do not know if I should say something, but always think EA should have a direção..por so I have a proposal.
SMA 34 for H1
EMA 240 for M15
What TF should leave?
A green hug and pips for all
Thanks Daniel for the time you put into this project.
I look forward to testing the EA from tomorrow.
I can try to make a modification for actions based on MA but I need to know what you would like the MA to do in the conditions you are proposing.
Is it that you want it to stop taking BUY/SELLS or is it that you want it to take only buys above and sells below... or something else?
As mentioned in post 1, I am limited as I am not a coder and also the free version of fxdreema is limited to how many connection to blocks I have but I am happy to try anything. At the moment I got a lot of spare time
Great initiative Daniel!
Let's test it and improve it!
I am thinking already to maybe stop BUY/SELLS at trendline breaks and re-enter retracement positions on a 3-level semafor indicator.
One must come at a point where they admit their limits and call on the people to humble myself to new ideas for the better of us all!
The configuration of your EA can be with the same rules, but the EA would have a definite direction in the first inning.
Note> The EA also had no entries, it is that so?
Great initiative keyduck !
I'm following you with great interest, as well as Mr Remon of course.
I'm going to sleep but will come back soon
Good to see some people from Remon's thread here !
For example. If the GBPUSD is at price level of 1.4133 and you set your grid "round numbers" at 0.0050 (every 50 pips), then that is when it will enter the trade. I don't think you will gain advantage of entering a trade above or below any MA at TFs. Reason I say this is that the first trade is a BUY/SELL. It is an instant hedge and will do whatever it does whether it goes up or down from that point.
If the trades that are being taken are to be only directional, then yes, I could introduce an MA and program it to only take buys above the MA until it retraces and then it would take on sell positions. I could make an EA that does this... but the issue you would be getting is that when BUY onlys make a top, it would be harder to kill of any existing sells that are at the very bottom.
I say this not that you would know but when you see it in action, you can notice that all BUYs in the upward position TP as a trend is happening. Currently, it will always leave a trail of SELLs at grid size until it reaches a top. Leaving only 1 buy/sell at a top, as it goes down in retracement it will add an extra sell position to the existing one in retracement WITHOUT it' corresponding buy. This has worked brilliantly in retracements as they are much smaller than a trend and need an extra kick to kill off the losers at the bottom.
When you say "take the direction", do you mean that you would want it to only take 1 direction trade above or below the MA until retracement?
I've been working on this for a short while but never found anything to satisfy me enough to share and collaborate with until now.
I like the idea of getting all our minds together and coming up with something good!
I don't mind if we come up with too many EAs on this thread in the process of development. Anything that is worthy in the process, I will update post 1 so that it clear to everyone who joins the thread that the post 1 EAs are the best of the best so newbies don't need to be confused in asking "Which EA should I use?"
I hope in the future that we can have a small handful with diverse strategies so people can use the one that suits them the most.
I'm off to bed soon too... it's getting late and my eyes and head have been in the direction of my laptop for a wee too long!
Hello all here
Thank to open new idea about Remon strategy to whom we owe his idea. I am open here to be a tester. Carneiro has a lot of experience in direction of the trend so will be good if we can implement after his ideas in that EA to be tested.
Hello, anybody test this EA?
1) What TP use?
2) Not yet opened any position, I'm a little confused ...
What pair are you testing on?
What size of grid do you want to use?
TP can be variable. In my opinion there a 4 ways to do this depending on how you want to trade.
1. You can trade TP at mid point of grid. If your grid is 100 pips, you can TP at 50 pips allowing 50 pips away from the next pending position in case the pair turns around, you can avoid being hedged. Also, this can close your BUY/SELL open position quickly keeping equity less exposed for what is being opened.
2. You can go longer and stay in continuous trade. With the same example of 100 pip grid, you can set your TP more than 100 pips say 150 pips. That way you are riding the trend and taking benefit of the direction of PA hoping that better profits come in the trend. The downside is you are leaving a position always open.
3. You can trade to price. By setting the TP equal to your grid. This one here will react differently as instead of opening a BUY/SELL position at the next grid step, it may only open 1 position opposite to the trend due to the programming of the EA.
4. You can set your TP 10 pips away so that positions may not be always open and if you are watching the screen, you can shut off your EA when all positions are closed at some point when it happens. (Example, TP 90 pips on a 100 pip grid.)
As for not opening a trade, I really need to know your pair and round numbers. It will only start a trade when your first round number hits. Even a 10 pip grid will only open when the round number hits.
Sorry I had to program in round numbers, it's the only way I could get the EA to do what it does. As per image in post one I will explain more on this.
GBPJPY, EURJPY, USDJPY: Roundnumbers 1.0 is 100 pips, 0.5 is 50 pips 0.1 is 10 pips etc..
GBPUSD, EURUSD, EURGBP, etc etc etc... there are when price format is X.xxxx 0.01 is 100 pips, 0.005 is 50 pips 0.002 is 20 pips etc etc..
I hope this is understandable.
If you are using GBPUSD at 0.0050 round number it will only open at 1.4150 or 1.4200 if price is sitting in the middle of these values for example.
Any Back test Screenshot ?
To See The Best Results For The Best Settings You Have.
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