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Trapping System: Grid

  • #1,061
  • Aug 11, 2015 5:53am Aug 11, 2015 5:53am
Quoting andres11617
... These GBPUSD positions are still open. ...
Hello Andres,
In case GBPUSD does not retrace 'enough' when and how do you decide to close (the basket) in loss? Do you use some (manual) equity SL, eg. 2%?

Quoting andres11617
... If one pair get stucked I can add pair(s) but it deppends on the situation. ...
When a pair gets stuck it means the open positions show loss and there is little hope for a good retrace, does it? In this case you sometimes add another pair and start a cycle with that to compensate for the loss on the stuck pair? What if the cycle with the new pair does not give profit however also losses?

Thanks a lot,
Aron
  • #1,062
  • Aug 11, 2015 6:31am Aug 11, 2015 6:31am
Quoting manish1971
hi, whenever i shut down my computer and restart ir GTSTOP starts creation of new orders ,although the old orders are running. how to avoid this situation. If the computer is on then there is no problem . pls suggest.
I have the same issue as well.
I am not sure how to overcome this problem because sometimes you cannot avoid shutting down your station.
if you are on heavy DD then it becomes a real concern.
  • #1,063
  • Aug 11, 2015 7:28am Aug 11, 2015 7:28am
Quoting manish1971
hi, whenever i shut down my computer and restart ir GTSTOP starts creation of new orders ,although the old orders are running. how to avoid this situation. If the computer is on then there is no problem . pls suggest.
Hey Manish,

you are running this ea on your station? This can be a problem if lets say, power runs out..I would recommend running it on a VPS...so the VPS never shuts down or restarts. One thing that is most important here is that the ping between your MT4 platform and the broker is very good(less than 10ms). I found it that Amazons has much worse (70ms+), and that causes many problems with grid creation/deletion and TP...especially if you have many orders per side.
If you insist on running it on your home station, you should not leave any trades open when you restart. Use stop next cycle option, then remove the ea, then restart.
Best,
Josh
  • #1,064
  • Aug 11, 2015 8:08am Aug 11, 2015 8:08am
Quoting andres11617
Hi IgotAplan, above my responds to Carpathian I showed my numbers and testing style. I prefer to have 3 pairs not more, I can add pairs if needed. If one pair get stucked I can add pair(s) but it deppends on the situation. About stop loss. I would preffere an equity proctection mechanism, EA or smth, all deppends on money manament and the risk you can take. If radityo can implement such equity protection option I don't now?
Thanks for sharing. I will follow your results but i am testing a different style. This is good because we can compare and choose the ones that best suits us.

I changed VPS on my Demo, had to restart and decide to change a little bit my strategy. (the main approach is the same, just a fine tune)

Now i am using 10 pairs and 0.01 lot per $250 with $1.5 per 0.01 lot.
At the end of the day i will watch a dashboard of the 28 major pairs and choose the 10's that are moving less and let the EA run for the day.
If at the end of the day a pair get stuck and start to moves more i will hit stop next and wait for it to cycle. If the loss on that pair reach 2% capital i will force close.

What i am enjoying this strategy is that running loss is very comfortable, until now it never exceeds daily profits. And the ROI is what i expect.
I need a little more time to watch market behavior and develop a safe stop out if some major event happens, before going live.
  • #1,065
  • Edited 5:54pm Aug 11, 2015 3:05pm | Edited 5:54pm
radityo.ardi really so much thx that you share this EA. Im backtesting since 2 weeks 24/7 and its getting better and better i will try 3 different settings now on demo for a couple of weeks. For me the best pairs are EU/JPY, GBP/JPY and EU/USD i will share my results after finishd testing but it really looks promessing.

oh and a question to you guys , what timeframe do you use for the EA

another question what happens when the 24hour internet connection reboots ? will the EA notice the disconnect or do i have to close the order myself ?

sry for my bad english
  • #1,066
  • Aug 12, 2015 4:24am Aug 12, 2015 4:24am
Hi All,

You see, this is my problem. Grid Trapping Limit Orders but price moving without 'enough' retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


(I am trading and testing the concept manually, no EA)

Okay, there was a point in time during asia when this specific 'cycle' was in some profit, still...
(a) If I had an EA working AND the settings happens to be TP $1 AND something like 'no restart after finished cycle' I'd have ended up with $1 profit this morning.
(b) BUT had the cycle been restarted after taking profit, I'd be practically in the same situation as now because from 1.1050 price is just taking new highs.
(c) Sometimes there are cycles that begin with 1-2-3-4 ... levels of loss, then they turn on the profit side, so how do you know it is good to get out with 4 levels of loss instead of waiting some more?
(d) I had two other pairs running during asia: UC and GU. On the contrary they created nice profit. In the morning at around 8 CET the net profit of all 3 pairs' baskets was $3.5. Should I have closed them all together and call it a day?
(e) Should I wait for some turn signal on the EU and manually open up a couple of sell orders around that? This means extending the size of the grid and getting into just another martingale game.
(f) Now if I just don't do anything the current basket is at BE where you see it shown, around 1.1050. If I had sell limits all the way up with the 100 pts distance I'd have 5+8=13 sells open by now with a total loss of 12+11+10+9+8+7+6+5+4+3+2+1 = $78. In this case the BE level would be somewhat higher at around 1.1092, nevertheless instead of 0.05 I'd have 0.13 lots open, bigger margin, bigger risk.
Would it be a better situation?

In case of a 'one-sided' grid situation (only one type of open orders, same lot sizes) the BE is always at half of the total grid height, so any time you have more than a single open position you always need a 50% retracement to get to BE.

So the ideal price action for GTLIMIT is ranging around some centerline. Like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 18 KB


How do you know when that will be?
Well you can never know in advance. Looking at the charts the time after NY close and LO open (including the so called 'asian' session) seems to show more ranging compared to others. So maybe it is a good decision to stop GTLIMIT after LO, which would have been option (d) for me.

cheers,
Aron
  • #1,067
  • Aug 12, 2015 6:59am Aug 12, 2015 6:59am
Another great day with the new setup. Limit Basket
What amazes me is that the running losses are always below 2% and i was looking for a 10% / month but looks like i will have 10% / week. (to soon to be sure, it's only a projection)
But i will wait one hole month to learn more about this setup. Probably will increase lot/$ after a few weeks for testing purpose.

Very soon i will start live tests.

Cheers
  • #1,068
  • Aug 12, 2015 7:45am Aug 12, 2015 7:45am
Quoting IgotAplan
Another great day with the new setup. Limit Basket What amazes me is that the running losses are always below 2% and i was looking for a 10% / month but looks like i will have 10% / week. (to soon to be sure, it's only a projection) But i will wait one hole month to learn more about this setup. Probably will increase lot/$ after a few weeks for testing purpose. Very soon i will start live tests. Cheers
Excellent idea with nice returns. I am sure the account will be balanced due to the multiple pairs you are using.
Just curious, did you share your settings earlier?
Thank you.
  • #1,069
  • Edited 9:21am Aug 12, 2015 9:07am | Edited 9:21am
hi Radit,

so sad, for the second time i got error as shown below. EA no open order after EA buy = 30 times or sell 30 times. would you explain, what error of my set, if i use EA v.7 and set like this :
DateTimeType=0
DailyStartTime=01:00:00
DailyStopTime=23:00:00
StopTimeMode=0
OpenType=2
OrderOperation=0
OrderCountPerSide=2
LimitMaxOrderCount=false
MaxOrderCount=0
RecreationCountPerSide=1
LimitOrdersCount=3
RecreationThreshold=50
GridStepPoints=50
CurrentPriceInterval=50
MagicNumber=8888
InitialLotsType=1
InitialLots=0.01
InitialLotsMult=0.000025
CommentInfo=
ProfitTakingMode=1
TargetProfitDynamicBase=0
TargetType=1
TargetProfit=0.2
TargetProfitMult=0.004
StopLossDynamicBase=0
LossType=0
StopLoss=-100.0
StopLossMult=-0.0001
CloseType=0
CloseMiddlePointAftOrders=0
CloseThreshold=50
CloseDirection=1
EnableMaxCycle=false
MaxCycle=0
CloseMode=0
CountRunningCloseEA=0
CheckIsCorrupted=false
EnableNotification=false

i got for same error when i fowarded test with v.6 and with set above too.
in this case, i use roboforex procent real in vps. the only issue from EA shown in mt4 is : EA error create new order.
so sad, because i'm still waiting my account for BE from august 3 til today. if not error, maybe my account has get BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 62 KB
  • #1,070
  • Aug 12, 2015 10:53am Aug 12, 2015 10:53am
Quoting anzip
hi Radit, so sad, for the second time i got error as shown below. EA no open order after EA buy = 30 times or sell 30 times. would you explain, what error of my set, if i use EA v.7 and set like this : DateTimeType=0 DailyStartTime=01:00:00 DailyStopTime=23:00:00 StopTimeMode=0 OpenType=2 OrderOperation=0 OrderCountPerSide=2 LimitMaxOrderCount=false MaxOrderCount=0 RecreationCountPerSide=1 LimitOrdersCount=3 RecreationThreshold=50 GridStepPoints=50 CurrentPriceInterval=50 MagicNumber=8888 InitialLotsType=1 InitialLots=0.01 InitialLotsMult=0.000025...
Need to see what kind of error you've got. Better if you can provide me screenshot at the time it got error. I've been using Roboforex for these 3 days and no error as of now so far.
Let me analyze this sometime tomorrow. I've been busy these days struggling with my work but starting today until end of this week, I'll be quite free.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,071
  • Aug 12, 2015 11:01am Aug 12, 2015 11:01am
Quoting kPack187
radityo.ardi really so much thx that you share this EA. Im backtesting since 2 weeks 24/7 and its getting better and better i will try 3 different settings now on demo for a couple of weeks. For me the best pairs are EU/JPY, GBP/JPY and EU/USD i will share my results after finishd testing but it really looks promessing. oh and a question to you guys , what timeframe do you use for the EA another question what happens when the 24hour internet connection reboots ? will the EA notice the disconnect or do i have to close the order myself ? sry for my...
I think some of the guys here pointed out that my EA still buggy when it didn't read the orders and some values properly. So it'll end up in the situation where it creates another cycle instead of closing the existing one.
I need to fix this which I will try to do sometime tomorrow. But as of now, close it for yourself manually (if you really concern about the account). But as suggested previously, better use VPS just for the sake of stability.

Quoting IgotAplan
Another great day with the new setup. Limit Basket What amazes me is that the running losses are always below 2% and i was looking for a 10% / month but looks like i will have 10% / week. (to soon to be sure, it's only a projection) But i will wait one hole month to learn more about this setup. Probably will increase lot/$ after a few weeks for testing purpose. Very soon i will start live tests. Cheers
Hi bro, seriously I really enjoyed looking at your TE, that Limit Basket. I've started looking for other pairs as well (you can see it in my TE), but I've separated it since I want to see and analyze individually.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,072
  • Aug 12, 2015 11:46am Aug 12, 2015 11:46am
Hi radityo.ardi,

Thanks for your nice EA, but as you said we need to test for the new setting at least 1-3 month before go live. I have lesson learn, test just only 2 weeks then go live and my account was blown in just 2 days !! Please be patient and test your setting carefully as per radityo.ardi said, everything can occur in this market.

One more things,
Do you mind if I ask you for the setting file of GTMIX you use, radityo.ardi? I want to test some new setting based on yours.

Thank you!!
  • #1,073
  • Aug 12, 2015 1:31pm Aug 12, 2015 1:31pm
Quoting radityo.ardi
{quote} Hi bro, seriously I really enjoyed looking at your TE, that Limit Basket. I've started looking for other pairs as well (you can see it in my TE), but I've separated it since I want to see and analyze individually.
I am following the trades on Mt4 and it's a very comfortable setup. I understand that you are analyzing individually and thanks for doing it and sharing the information. My idea is to use your EA as a tool to profit from pairs that are ranging, so i am not analyzing the pairs, just the tool and how it handles a trend break, and the losses potential compared to profits. (if the account grow in long term).

To choose ranging pairs i am using another tool, a EA Dashboard based on moving averages. If a pairs breaks a trend the fault is not on the GRID EA.
The success of this setup is more dependent on choosing pairs wisely but i need to know if the grid EA will help me, and how much if i don't.

But since i have to choose 10 pairs everyday, i have spread my risks of wrong picking.

Aparently the EA helps a lot even during high impact events. Yesterday i had a lot of pairs with AUD, JPY, NZD during China's reference rate, that causes big movements and volatility and all pairs cycled and closed in profit.

Cheers
  • #1,074
  • Aug 12, 2015 1:45pm Aug 12, 2015 1:45pm
Quoting IgotAplan
... Yesterday i had a lot of pairs with AUD, JPY, NZD during China's reference rate, that causes big movements and volatility and all pairs cycled and closed in profit. ...
Hello IgotAplan,
will you please be so kind to share just a couple of screenshots (with the trades on the chart) when these big movements worked out? It would help me to see what were the dynamics and the circumstances.

Thanks a lot!
  • #1,075
  • Aug 12, 2015 3:32pm Aug 12, 2015 3:32pm
Quoting IgotAplan
{quote} I am following the trades on Mt4 and it's a very comfortable setup. I understand that you are analyzing individually and thanks for doing it and sharing the information. My idea is to use your EA as a tool to profit from pairs that are ranging, so i am not analyzing the pairs, just the tool and how it handles a trend break, and the losses potential compared to profits. (if the account grow in long term). To choose ranging pairs i am using another tool, a EA Dashboard based on moving averages. If a pairs breaks a trend the fault is not on...
Hey Igotaplan,
I would like to point out that running the big events on demo and a real account is a very different thing. I have observed a small live account a friend of mine has set up. First, the grid is not always straight because of slippage that occurs. Second, closing a grid can be problematic if you have many orders per side...it takes a bit of time to close and a lot can happen in those seconds. I saw one of his trades hit tp and close in loss. We concluded it might be due to lag between Amazon VPS and the broker, so we switched to a better VPS. That being said, i think that running this ea in NFP for example, would be Russian roulette. You either win big or lose big, based on how lucky you are in relation to slippage. Sure, all of my demos do great in events, but real account have slippage. This is of course, only in my opinion.
Best.
Josh
  • #1,076
  • Aug 12, 2015 3:49pm Aug 12, 2015 3:49pm
Quoting JoshuaHope
{quote} Hey Igotaplan, I would like to point out that running the big events on demo and a real account is a very different thing. I have observed a small live account a friend of mine has set up. First, the grid is not always straight because of slippage that occurs. Second, closing a grid can be problematic if you have many orders per side...it takes a bit of time to close and a lot can happen in those seconds. I saw one of his trades hit tp and close in loss. We concluded it might be due to lag between Amazon VPS and the broker, so we switched...
On Stop orders you are absolutely right. I have seen myself one demo account making 10% profit and one live account in the same VPS, broker and same settings making 5% loss during an extreme event.

But this limit basket setup are running Limit orders, most of slippage that will occur should be favored because they happen on spikes, and also the Grid is not very tight, 150points, so we will see 2 or 3 orders wrongly set, not 5 or 10... This setup usually takes profit with less orders and they are all in the same side (buys or sell) there is no hedging. But even thou when i decide to start Live i will use very safe leverage and watch the behave.

And obviously i do not plan to run any USD pairs during NFP, since i get to choose and change the pairs on daily basis i usually take a look at news events for the day. Running losses are low and i can afford to close a few pairs in loss if possible. I just pointed that the EA was safe enough to go through China rate event (not expected) and survived THIS TIME. But there is no guarantee that will survive in future events like that.

  • #1,077
  • Aug 13, 2015 2:23am Aug 13, 2015 2:23am
Quoting IgotAplan
{quote} On Stop orders you are absolutely right. I have seen myself one demo account making 10% profit and one live account in the same VPS, broker and same settings making 5% loss during an extreme event. But this limit basket setup are running Limit orders, most of slippage that will occur should be favored because they happen on spikes, and also the Grid is not very tight, 150points, so we will see 2 or 3 orders wrongly set, not 5 or 10... This setup usually takes profit with less orders and they are all in the same side (buys or sell) there...
Interesting. I will try running some tests with limit orders. When i started trading, i was all into backtests until i realized forward tests were much more accurate...it turns out there is no substitute for a real account test. I wish my broker offered a cent account, i might try live. My friend that is running the live is willing to lose the account.
Best, Josh
  • #1,078
  • Aug 13, 2015 7:27am Aug 13, 2015 7:27am
Try Liteforex cent or Exness cent account
  • #1,079
  • Aug 13, 2015 9:00am Aug 13, 2015 9:00am
Quoting Trading88
Try Liteforex cent or Exness cent account
Thanks, I will look into Liteforex. Exness however won't let Europeans open cent accounts with them...for some unknown reason. Also, they switch your leverage to maximum 200:1 on Friday afternoon till Monday morning.
Best,
Josh
  • #1,080
  • Aug 13, 2015 9:41am Aug 13, 2015 9:41am
Another great day!!!
Even with another China rate event... :nerd:

Running losses are still under 2% and it's almost reaching 10% ROI on the week (i was aiming for 10% a month)
What a setup!!! Thanks again Radityo for the EA. Great tool!!! I am waiting for the new stop next when stop loss is triggered and a few more weeks of demo testing (I would like to see it handling USD GDP, CPI and NFP events) than it's time to test on Live accounts!!! We have to take chances on life hhahaha

Cheers
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