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Attachments: Sail the Grid - System without the need to analyze the chart
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Sail the Grid - System without the need to analyze the chart

I believe this famous EA will do everything you ask and more.
Attached File
File Type: mq4 MakeGrid193BE.mq4   68 KB | 465 downloads
[quote = MichaelSch; 12081412] {quote} Como está funcionando para você com o EA que você está usando. Ela está substituindo o comércio da rede novamente após o TP? [/ Quote]
Very nice...
Quoting waltini1
I believe this famous EA will do everything you ask and more. {file}
It is good we going to get tools, that can help, BUT please share how we set it up for the system we trade here. Posting tools without the other know to set, will build more and more questions. This thread must not explode and have hundreds of pages with explantions, as other threads around.

Please, if you post after this post a tool, make sure you will also give settings and discribe it. If you ignore this point i will tell you to delete your tool and in the next step if you further ignore this, you will go to my ignore list. I do not like to do this, but if i have no chance to keep this thread clear, i will do it.
Market is more simple as you think.
[quote=MichaelSch;12086228]{quote} It is good we going to get tools, that can help, BUT please share how we set it up for the system we trade here. Posting tools without the other know to set, will build more and more questions. This thread must not explode and have hundreds of pages with explantions, as other threads around. Please, if you post after this post a tool, make sure you will also give settings and discribe it. If you ignore this point i will tell you to delete your tool and in the next step if you further ignore this, you will go to my ignore list. I do not like to do this, but if i have no chance to keep this thread clear, i will do it.[/quote

I have already set it up for you. Put it in the Metatrader strategy tester. Don't change anything. If you can't handle that don't use it.
  • Post #125
  • Quote
  • Edited at 4:38am Mar 7, 2019 3:51am | Edited at 4:38am
Quoting waltini1
Quoting MichaelSch
{quote} It is good we going to get tools, that can help, BUT please share how we set it up for the system we trade here. Posting tools without the other know to set, will build more and more questions. This thread must not explode and have hundreds of pages with explantions, as other threads around. Please, if you post after this post a tool, make sure you will also give settings and discribe it. If you ignore this point i will tell you to delete your tool and in the next step if you further ignore this, you will go to
...
Thanks for reply and pointing out, that the setting is ready in EA.
Can you explain how this EA handle losing positions? I have it now in tester, but seems doing not drop lossing positions, or get soomething wrong? How it work?
Market is more simple as you think.
The makegrid EA has many features. It would take a small book to explain them. I suggest having a play with the settings.

The EA (not mine) can close losing positions with a stop loss, or you can do it manually. If negative equity and using MaxLoss (in dollars) the ea will close all trades and reset if losing, or EquityLow and shut down. If positive it can close all positions using the ProfitTarget and reset, or Account target and shut down.



Using the MetaEditor will show some explanations of the EA inputs.

Your biggest challenge will be controlling draw down in a trend.
  • Post #127
  • Quote
  • Edited at 5:51am Mar 7, 2019 5:19am | Edited at 5:51am
Quoting waltini1
The makegrid EA has many features. It would take a small book to explain them. I suggest having a play with the settings. The EA (not mine) can close losing positions with a stop loss, or you can do it manually. If negative equity and using MaxLoss (in dollars) the ea will close all trades and reset if losing, or EquityLow and shut down. If positive it can close all positions using the ProfitTarget and reset, or Account target and shut down. Using the MetaEditor will show some explanations of the EA inputs. Your biggest challenge will be controlling...
I get this picture, i restart it and let it not run all the way. But let us have a look ...

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I have no clue and it smell not working my way. I drop fast as possible loosing trades, if i have the profit to do it. Your EA do it not the way i manage my loss and i said from the begin.

I can not see any loss in the result page of the tester.

From now on, if you not can share a EA with the setting, that doing the trading as i shared here, do not post!
Further if you want to give an EA, first wrote in your own words (private message), how this system work and what you have understand. I do not want to have a threat flooded by EAs that not suit my system.
Market is more simple as you think.
Quoting waltini1
I believe this famous EA will do everything you ask and more. {file}
EA very good .... thanks for sharing...
Attached Image (click to enlarge)
Click to Enlarge Name: MarketGRid.PNG Size: 72 KB
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Click to Enlarge Name: config1.PNG Size: 81 KB
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Attached File
File Type: zip #maketgrid193BE.set.zip   < 1 KB | 302 downloads
Quoting hapanoy
{image}{image}{image} {file}
How it handle now loss? This is important to see if EA works like we will do manually. I do not get in these settings, EAs are not that i am good with.
Market is more simple as you think.
Quoting MichaelSch
{quote} Hello, it is not tough to get it. I have all 20 Pips a pair of a buy and sell order with TP for each of them. NO SL! I cancel mad trades if i have build TP for it and this as fast as i can. Price action is at this point away from the "old" order and no need to hold it, if we can give a piece away from profit we have build up. For sure the next trade who is going in profit, will be come, or we must stay forever in a 20 Pips range! It makes no sense to post a picture with all my order lines on it, or will be? No need for analyzing anything,...
i am writing an EA based on this system. i will share with your guys after that . I need more inputs in simple English any one can understand.

what are the rules guiding TAKING OUT BAD TRADES.
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There's been a similar project back in 2016 where part of the profits were used, to close losing positions
Maybe you can get some inspiration there, how to code this into an EA
The Thread died, because the strategy wasn't profitable over the long term

https://www.forexfactory.com/showthread.php?t=583322
  • Post #133
  • Quote
  • Edited at 2:43pm Mar 7, 2019 2:32pm | Edited at 2:43pm
Quoting GreenCa
{quote} i am writing an EA based on this system. i will share with your guys after that . I need more inputs in simple English any one can understand. what are the rules guiding TAKING OUT BAD TRADES. {image}
It is not hard, if you have 100 pips plus from buy, 20 plus from one sell and you have a loss position from 80, take these position out and you have 40 Pips booked in account.
The rest is waiting for price action to reduce next loss.
Your picture is a strange movement and we must wait for price retrace to take positions out.

Attached Image (click to enlarge)
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Market is more simple as you think.
Quoting iwjw
There's been a similar project back in 2016 where part of the profits were used, to close losing positions Maybe you can get some inspiration there, how to code this into an EA The Thread died, because the strategy wasn't profitable over the long term https://www.forexfactory.com/showthread.php?t=583322
..mad that this come to the point, but you the first here that no further will post. I said not posting links, that have nothing to do with my system. It makes no difference if it is similar or not.

This now for example and warning!
Market is more simple as you think.
Quoting MichaelSch
{quote} It is not hard, if you have 100 pips plus from buy, 20 plus from one sell and you have a loss position from 80, take these position out and you have 40 Pips booked in account. The rest is waiting for price action to reduce next loss. Your picture is a strange movement and we must wait for price retrace to take positions out. {image}
No you won't have 40 pips booked. Remember at at price level of grid line 5 there was another buy and sell order so if it retrace to grid number 4 ( that is the first retrace after 100 pips the sell of level 5 will be +20 and the buy of level 5 will be also -20 so you have in all 20 pip booked. This is because the last sell order that is in profit will cancel the out the buy order that is in loss.

Now as we wait for price to go further down we take out 80 pip loss ( that is the sell orders from start line to level to level 4.)

Our drawdown , that is the floating loss that we must wait and pray that price goes further down is as follows

Grid level 1 to grid level 4 = 60
Grid level 2 to grid level 4= 40
Grid level 3to grid level 4 = 20

So total loss out standing is minus 120 minus 20 pips booked profit so we have net potential loss 100 $

If the price pushes up further after it retrace only once we shall be ruined..
Quoting GreenCa
{quote} No you won't have 40 pips booked. Remember at at price level of grid line 5 there was another buy and sell order so if it retrace to grid number 4 ( that is the first retrace after 100 pips the sell of level 5 will be +20 and the buy of level 5 will be also -20 so you have in all 20 pip booked. This is because the last sell order that is in profit will cancel the out the buy order that is in loss. Now as we wait for price to go further down we take out 80 pip loss ( that is the sell orders from start line to level to level 4.) Our drawdown...
Hi GreenCa. What you said is correct...but if you really want to understand MichaelSch, you got to figure what he said stuff that is in his mind.

When MichaelSch said 40 pips booked, what he meant is he considered the profit on trades that were closed. In this case, we have 120 - 80 =40 pips. He didn't consider trades that are still open. So he is correct (if you can get into his way of thinking).

When you said total loss is 100 pips, you are considering
1. closed trade profit , and
2. current open trades if they are closed
So you are also correct. Therefore since we have an absolute loss, we cannot close all the opened trades.

If price pushed further up after retraced, we shall wait for banked in profit to be more than the furthest trade loss before we can again close that trades.

Therefore MichaelSch suggests small lot and relatively big capital.
I have an idea to close all orders when profitable and continue a new cycle
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  • Post #139
  • Quote
  • Edited at 11:42pm Mar 7, 2019 11:18pm | Edited at 11:42pm
Quoting MichaelSch
{quote} How it handle now loss? This is important to see if EA works like we will do manually. I do not get in these settings, EAs are not that i am good with.
I worked a lot with EA hedge, but with Break even, over time the account is positive for a general closing of the grid.
In your strategy you will always be in imbalance, but with money in your pocket.
In your strategy, all close would be to wait for the market to return in the center of the grid.
In your strategy manually how do you act?
  • Post #140
  • Quote
  • Edited at 1:54am Mar 8, 2019 12:07am | Edited at 1:54am
Quoting vinforex7
{quote} I tried to get the historic results, but couldn't retrieve it.. because it was on a demo account on IC markets. I had modified the universal ema cross EA to mimic the same logic, so that I didn't have to stay on the PC all the time. Can share the EA along with the setup.. if you prefer to. I had tried various various combinations too, like: trades at 10% or 20% of ADRs, TP at 1:1 and 1:2 of distance between the trades etc. I was quite confident theoritically.. that's why I spent time and did all the demos... but it didn't work practically....

I know, when I made this comment... some were upset, saying dont' comment without proof. But I had tried this and failed.. with many combinations, that's why I had made the comment, but certainly didn't have the proof. But since I was confident that the trade logic would fail for sure, I made a twist. I simply reversed the logic. Instead of taking profits at certain levels (TP), I booked only losses at certain levels (SL).

The result is shared infront of you...
10k demo account. (DEMO).
28 pairs
3 days
20% profit.

The EA was attached a few posts above. The settings is simply reversed. Trades at 20 pips interval, SL at 10 pips. No TPs... only floating profits. You close when you get your desired percentage / Dollars in profit. Just sharing the info and results for your info.

--------------------
LOL... You put me in ignore, and I just wanted to tell you two things.

1. Your trade logic is bullshit... it is doomed to fail, in the long run. I have tried it in the past.. and prove me otherwise. The spreads, the trend and swap would kill you eventually. And talking about trading small... show me your ROI with this method, in long term.

2. And I just proved it, by trading opposite to what you proposed. And even this... is not gonna tick in the long run, I know.

And now: 29% PROFIT.... screenshot attached. BY DOING EXACTLY OPPOSITE OF WHAT YOU PROPOSED. lol.....

Goodbye... and best wishes on your trades!!! Live well.... and read carefully, before you judge someone. Lol...
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