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10 pip trade reverse grid system

  • #21
  • Jun 19, 2017 5:06pm Jun 19, 2017 5:06pm
Quoting hibra68
{quote} tnx for your input, i appreciate it. all valid points. however, im trying first to figure out a way to survive both ranging and trending markets. so i have to figure that out first before r:r. i know the grid is profitable in heavy trends, so the problem is to find a way to at least survive the tight range. this will be based on how we take trades either at the grid or the dynamic grid. so if i solve the problem for static grid than we can apply the solution to dynamic grid as well. i might be able to get my friend to create an ea for this...
Gotcha! So, to start is basically determine when to use "Buy/Sell Stops" in trends, and "Buy/Sell Limits" when ranging. Am I getting it right?
Worth the shot to make an EA to test. Tomorrow is Holidays here, so I may get my hands on -if, again, understood this the right way-

Let me know!

Kind regards
Trade, don't bet.
  • #22
  • Jun 19, 2017 6:53pm Jun 19, 2017 6:53pm
Don't give up brother. This is how a system development starts and gradually improve. I will give up a tip. For direction, don't ever involve any indicator( bullshit). Rather if you estimate direction from daily closes then it will be of some worth.
(a) Bullish Direction: Yesterday daily tried the low of day before yesterday daily low but failed and closing above the low of day before yesterday low.
(b) Bearish Direction: Yesterday daily tried the high of day before yesterday daily high but failed and closing below the high of day before yesterday high.

This will be of more worth if you try a gmt+2 brother which closes their daily candles with NY close.

My two cents.
Forex; the game of movements not the game of candles.
  • #23
  • Jun 19, 2017 7:44pm Jun 19, 2017 7:44pm
Quoting Sajid
Don't give up brother. This is how a system development starts and gradually improve. I will give up a tip. For direction, don't ever involve any indicator( bullshit). Rather if you estimate direction from daily closes then it will be of some worth. (a) Bullish Direction: Yesterday daily tried the low of day before yesterday daily low but failed and closing above the low of day before yesterday low. (b) Bearish Direction: Yesterday daily tried the high of day before yesterday daily high but failed and closing below the high of day before yesterday...
tnx sajid and marketfox

i already found away to come out of ranging market but if i have to make 100 trades to breakeven and come out than the spreads just eat up the account.
so we have to enter at heavy trends to be successfull. this means using higher time frames and also using larger than 10 pip grid.
example: buy 1(lose)--buy 1(lose)--sell1(lose)-buy1(win)--buy1(win)
without increasing lot size you can comeout of ranges with breakeven because eventually it will trend. but sometines the trend is weak so just when you are profitable it will start to range again. if this happens alot you start losing from spread.
  • #24
  • Jun 19, 2017 8:20pm Jun 19, 2017 8:20pm
hibra68 I'm not sure what you are exactly trying to accomplish but there used to be a gambling betting system named the doey-dont craps bet. The premise is that the bettor bets the do or the opposite dont as a way to limit losses. I would not Martingale this, thats a way to reach ruin eventually. There are scratch off systems and I cant remember the name where on an even bet the gambler needs tpo win about 33% - 35% of the time. Use all your skills to make a trade. Bet 1 microlot, lose repeat trade #1 and lose you now have a list that is 1,1. Bet 2, lose, list is 1,1,2, bet 3, lose, list is 1,1,2,3 for 4 losses and bet 5 is 4, win, scratch 3 and 1 off the list, 6th bet is 3 (1+2) and win your now even and you have won 2 and lost 4, bet 1 win and series is complete. In forex lets say a win is +1.00usd and a loss per unit is 1.00usd. Just having fun thinking it all out.
  • #25
  • Jun 19, 2017 8:39pm Jun 19, 2017 8:39pm
Quoting bunkerman
hibra68 I'm not sure what you are exactly trying to accomplish but there used to be a gambling betting system named the doey-dont craps bet. The premise is that the bettor bets the do or the opposite dont as a way to limit losses. I would not Martingale this, thats a way to reach ruin eventually. There are scratch off systems and I cant remember the name where on an even bet the gambler needs tpo win about 33% - 35% of the time. Use all your skills to make a trade. Bet 1 microlot, lose repeat trade #1 and lose you now have a list that is 1,1. Bet...
i was trying to accomplish entering trades based on grids during heavy trends and tp on each level. this way if the market reverses or goes into a long range i already closed all my trades below this level with tp. and i can get out of the current nonetrend with minimal loss.
if the market eventually continues its trend i will continue to tp on each level. or if the market reverses now i continue to tp in the oppoiste direction.

so if i keep winning at each grid level going in 1 direction than thats the trend and im in it.
  • #26
  • Jun 19, 2017 9:03pm Jun 19, 2017 9:03pm
Reverse contr-trend grid EA
Attached File(s)
File Type: ex4 EA SPARTAN BOLT.ex4   38 KB | 516 downloads
File Type: mq4 Damiani_volatmeter v3.2.mq4   3 KB | 530 downloads
File Type: mq4 carmens_eyes_v3.1.mq4   10 KB | 541 downloads
  • #27
  • Jun 19, 2017 9:25pm Jun 19, 2017 9:25pm
Quoting chort-trader
Reverse contr-trend grid EA {file} {file} {file}
tnx for posting the ea but can you explain exactly what it does.
  • #28
  • Jun 19, 2017 10:11pm Jun 19, 2017 10:11pm
i had tested all math types on grid indicator
all of it will make u lose ur money
  • #29
  • Jun 19, 2017 10:46pm Jun 19, 2017 10:46pm
Hibra68 if your worried about trends...10 pips isnt much of a trend before ur stopped or win. Even in a ranging market 10 pips isnt unreasonable but you could stick to markets that are trending or have a tendancy to move like gbp/jpy. I'm not a fan of grids but if you live in a country that allows trading cfds some of them move enough to solve that problem. Good luck.
  • #30
  • Jun 19, 2017 10:49pm Jun 19, 2017 10:49pm
Quoting bunkerman
Hibra68 if your worried about trends...10 pips isnt much of a trend before ur stopped or win. Even in a ranging market 10 pips isnt unreasonable but you could stick to markets that are trending or have a tendancy to move like gbp/jpy. I'm not a fan of grids but if you live in a country that allows trading cfds some of them move enough to solve that problem. Good luck.
tnx
  • #31
  • Jun 20, 2017 5:15pm Jun 20, 2017 5:15pm
Hibra68,

Thanks for posting your idea. This is very interesting strategy but I won't trade this. I don't believe this can be profitable. Following are my thoughts:

1) This can sure profit if you can stay away from Ranges. But there is no way to be sure if the market is going to trend or range when you enter. Had we known this there are many many much better strategies that work better in Trending markets.

2) The only way this will be profitable / break even in ranging markets is use some kind of Martingale. I personally am never in favor of any version of Martingale.

Maybe we can work on modifying this in some way for this to work in ranging markets.
  • #32
  • Last Post: Jun 20, 2017 6:53pm Jun 20, 2017 6:53pm
Quoting yalgaar
Hibra68, Thanks for posting your idea. This is very interesting strategy but I won't trade this. I don't believe this can be profitable. Following are my thoughts: 1) This can sure profit if you can stay away from Ranges. But there is no way to be sure if the market is going to trend or range when you enter. Had we known this there are many many much better strategies that work better in Trending markets. 2) The only way this will be profitable / break even in ranging markets is use some kind of Martingale. I personally am never in favor of any...
Hi yalgaar,

how u been.
I know you are right
I wont martingale this either. That's why I was looking for a way out of the ranging periods without martingale.

But I'm not working on this right now any way.
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