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Flexy Grid EA (Grid Trading)

  • #921
  • Aug 5, 2017 3:46am Aug 5, 2017 3:46am
Quoting yousername
{quote} 1. separate take profit for the 1st order??? Please explain more in detail. I'm trying to grasp your idea. 2. separate take profit for the 1st order, and only have the combined profit target kick in once there are 2 or more orders open Are these two a two separated option? Thanks
I use grid style buy: X11 and sell 11X. So I have 1 market order then the rest as limit orders.

I would like a higher take profit (profit target) for the 1st trade (the market order). So if the trade goes my way, I'll end up with the expected profit.

If in case the trade goes against me, it will open up more limit orders, and I would want to get out of the trade as soon as it's in profit, so a combined profit target for all open trades (which is the way it works now).

The only add on I'll like, is to be able to set a separate profit target for only the 1st market order. Then have the usual combined profit target in case the trade goes and opens up more limit orders.

Hope I explained it better. If not, let me know, and I'll see if I can draw it
  • #922
  • Aug 5, 2017 3:54am Aug 5, 2017 3:54am
Quoting Louisetano
{quote} I use grid style buy: X11 and sell 11X. So I have 1 market order then the rest as limit orders. I would like a higher take profit (profit target) for the 1st trade (the market order). So if the trade goes my way, I'll end up with the expected profit. If in case the trade goes against me, it will open up more limit orders, and I would want to get out of the trade as soon as it's in profit, so a combined profit target for all open trades (which is the way it works now). The only add on I'll like, is to be able to set a separate profit target...
How can you tell the market is against you? Negative profit?
This is not investment/trading advise. Will not hold accountable for loss
  • #923
  • Aug 5, 2017 3:59am Aug 5, 2017 3:59am
Quoting Louisetano
{quote} I use grid style buy: X11 and sell 11X. So I have 1 market order then the rest as limit orders. I would like a higher take profit (profit target) for the 1st trade (the market order). So if the trade goes my way, I'll end up with the expected profit. If in case the trade goes against me, it will open up more limit orders, and I would want to get out of the trade as soon as it's in profit, so a combined profit target for all open trades (which is the way it works now). The only add on I'll like, is to be able to set a separate profit target...
Probably it would be best if you could make some cases for study
This is not investment/trading advise. Will not hold accountable for loss
  • #924
  • Aug 5, 2017 1:23pm Aug 5, 2017 1:23pm
Quoting yousername
{quote} Probably it would be best if you could make some cases for study
Hope this explains it better[attach]Grid explanation.png;2427549
Attached Image (click to enlarge)
Click to Enlarge Name: Grid explanation.png Size: 143 KB
  • #925
  • Aug 5, 2017 10:23pm Aug 5, 2017 10:23pm
Quoting Louisetano
{quote} Hope this explains it better[attach]Grid explanation.png;2427549 {image}
got it. This is clearer now. Thanks for the effort drawing the explanation.
Yes this can be done. I think I will make a FG command for this.
FG_PT_order ID_PT target in pips
This is not investment/trading advise. Will not hold accountable for loss
  • #926
  • Aug 6, 2017 12:07am Aug 6, 2017 12:07am
Quoting yousername
{quote} got it. This is clearer now. Thanks for the effort drawing the explanation. Yes this can be done. I think I will make a FG command for this. FG_PT_order ID_PT target in pips
Perfect, thanks
You're a star
  • #927
  • Aug 6, 2017 1:27am Aug 6, 2017 1:27am
JUST a simple calculation for GRID 11X & X11 (*risk management)
Attached File(s)
File Type: xlsx FG GRID FORMULA.xlsx   13 KB | 506 downloads
Self discipline It is a practice
  • #928
  • Aug 6, 2017 1:41am Aug 6, 2017 1:41am
The key to an extremely successful grid is to incorporate individual stop losses and take profits for each grid level.
That being said, if you haven't coded that, this works quite well.

Made a 50% return in July (50k account). This grid has a 22% stop loss built in.
Interesting thread. Grids are aggressive so if you are going to try and run t hem, dont run them with a "minimalist" or "conservative" strategy.

Push them to the limit because if you catch the wrong side of the trend you will blow out anyway, doesnt matter how small your orders are.
You need manual intervention. For example, I didnt have the GRID in buy mode last week. That top at 1.19 was obvious.

I put it in sell mode. Now its back in buy mode, because we probably aren't dropping too much further (EURUSD).

TP is always 21 pips (from cost basis).
Also when your grid gets deep into drawdown, use your manual trading skills to snipe a high lot entry with a tight stop loss. You can recover that drawdown easier.

I personally run grids on as many uncorrelated pairs as I can.
Attached Image (click to enlarge)
Click to Enlarge Name: grid.png Size: 34 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #929
  • Aug 6, 2017 1:57am Aug 6, 2017 1:57am
Quoting Rag2RichesFX
The key to an extremely successful grid is to incorporate individual stop losses and take profits for each grid level. That being said, if you haven't coded that, this works quite well. Made a 50% return in July (50k account). This grid has a 22% stop loss built in. Interesting thread. Grids are aggressive so if you are going to try and run t hem, dont run them with a "minimalist" or "conservative" strategy. Push them to the limit because if you catch the wrong side of the trend you will blow out anyway, doesnt matter how small your orders are....
Is this video the illustration of your grid style?
Inserted Video
Self discipline It is a practice
  • #930
  • Aug 6, 2017 2:24am Aug 6, 2017 2:24am
Quoting yousername
Example of Buy Grid concept. Applicable to the Sell Grid just the opposite. {image} In this case the losing position is the "SELL" trade which got hedged with multiple buy orders

Yes I can tell you know what you are doing.
Be hopeful in a winning position, and fearful in a losing position.
  • #931
  • Edited 8:26am Aug 6, 2017 6:57am | Edited 8:26am
Quoting Louisetano
{quote} Perfect, thanks You're a star
When you execute that command. That particular opened order won't be included into the take profit (groups) calculation.
If you want to include it again, simply remove the take profit level of the chart
This is not investment/trading advise. Will not hold accountable for loss
  • #932
  • Aug 6, 2017 9:46am Aug 6, 2017 9:46am
Quoting Rag2RichesFX
The key to an extremely successful grid is to incorporate individual stop losses and take profits for each grid level. That being said, if you haven't coded that, this works quite well. Made a 50% return in July (50k account). This grid has a 22% stop loss built in. Interesting thread. Grids are aggressive so if you are going to try and run t hem, dont run them with a "minimalist" or "conservative" strategy. Push them to the limit because if you catch the wrong side of the trend you will blow out anyway, doesnt matter how small your orders are....
I have been following this way of trading for GBPJPY with no loss for last 2 years. I m bound to lose at equity stop loss if multi year adjustments happen. Luckily I did no trade during Brexit because brokers increased margin money.

Presently It works well and generates up to 40% to 60% a month of return on margin money.

The skills required are:
*Ability to have deep pip pockets (15 times of daily range pips)
*Primary Bias determination on fundamental and technical factors based on discretion.
*Exercise patience to enter trades only when minimum reward is 2. 0 times of risk of 1. On GBPJPY when I entered sell at 146. 50 I determined risk at 200 pips aiming for TP of 400+ pips.
The concept is to be a nett winner.
If I lose 50% of time in 10 trades I lose 5*200
= 1000 pips. IF I win 50%*of time in 10 trades I win 5*400 = 2000 pips. Net winner by 1000 pips. U can spot at least one trade a month of this nature. This is in addition to grid trading. Patience is vital for this trade spotting method.

*Quick judgement to trade high lots with tight stop loss as per your suggestion to recover from drawdown stage.

*Good EA to produce combination grid with the ability to take profit and set stop losses for different grids individually as suggested by you (which I do manually but EA can do far better job).

*Ability to estimate probable time duration of the trade. It helps in sticking to trade setup patiently.
Practice makes a person perfect
  • #933
  • Aug 6, 2017 11:35am Aug 6, 2017 11:35am
New Un-Tested Feature except 2,3,4 and 6

1. News email alert X minute before released. You can set it to true from the EA Properties.

2. FG_SEARCH.
FG_SEARCH_anything you want.
This will perform Google Search.
This is convenient when you want to search for something like anything relate to forex or anyhing you want

3.FG_CALCULATE
This will calculate your input
e.g.
FG_CALCULATE_(1.0943*1.618)-1.618*2.5

4. FG_URL
This will visit a url
e.g.
FG_URL_FACEBOOK.COM
it will open a Facbook page

5. FG_NEWS TRIGGER
This will open a grid when the condition has met
e.g.
FG_NEWS TRIGGER_111_SELL_USD_GDP_ACTUAL_>_PREVIOUS
Command above will open a sell grid style 111 when the USD GDP Actual data is bigger than the previous

6. Now FG doesn't rely the FOREXFACTORY XML file.
It extract all the FF ECOMONIC CALENDAR directly from their page.
You must download JEC v1.zip file and extract the content into MQL4>FILES.
Attached File(s)
File Type: ex4 FLEXY GRID_1.960_BETA.ex4   231 KB | 449 downloads
File Type: zip JEC_v1.zip   809 KB | 420 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #934
  • Aug 6, 2017 11:47pm Aug 6, 2017 11:47pm
Example of news email alert x minute before the news released
If you want to enable it, you have to go to the EA properties, scroll down and set "Send email about up coming news" to true and don't forget to set the value after it to something else i.e. 5. If you set it to 5, it means 5 minutes before the news released, you will be notify.
Below is an example of the notification.
Attached Image (click to enlarge)
Click to Enlarge Name: x.png Size: 20 KB


In this video I will show you about the latest update and fix.
I apologize for my voice as i'm not feeling well.
Inserted Video


Latest fix
Attached File(s)
File Type: zip JEC_V2.zip   809 KB | 427 downloads

Attached File(s)
File Type: ex4 FLEXY GRID_1.961_BETA.ex4   228 KB | 432 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #935
  • Aug 7, 2017 1:07am Aug 7, 2017 1:07am
Quoting yousername
{quote} When you execute that command. That particular opened order won't be included into the take profit (groups) calculation. If you want to include it again, simply remove the take profit level of the chart
Does the command work in this version FLEXY GRID 1.960 BETA?
  • #936
  • Aug 7, 2017 1:08am Aug 7, 2017 1:08am
Quoting Louisetano
{quote} Does the command work in this version FLEXY GRID 1.960 BETA?
not yet. That will be added in the next iteration 1.962 i guess
This is not investment/trading advise. Will not hold accountable for loss
  • #937
  • Aug 7, 2017 3:33am Aug 7, 2017 3:33am
Quoting Louisetano
{quote} Does the command work in this version FLEXY GRID 1.960 BETA?
I will make 2 new command

FG_LS/LOUISETANO_on/off(0/1)_100(TP in pips)
That mean it will be in Louisetano mode where the initial trade will have TP 100.
i.e.
FG_LOUISETANO_1_50
This will make the first opened order to have a TP target.

If you want to make check if the LS mode is on simply run the following command
FG_LS STATUS/LOUISETANO_STATUS
ie.
FG_LOUISETANO STATUS
This command gives an alert about LS status
Louisetano is on, 50

The trading manager feature in FG will close the trade if the first opened order reaches the TP i.e. 50 pips profit.

But if the market touches/opened the other pending orders, FG will cancel out the 50 pips profit target for the first order. Instead it will use the group profit target calculation i.e. using RR Ratio or Profit Target as group profit target calculation.

However when you click the close button. It will close out all the orders without considering the LOUISETANO option. Basically it will override and close the order in case of an emergency.
This is not investment/trading advise. Will not hold accountable for loss
  • #938
  • Aug 7, 2017 3:35am Aug 7, 2017 3:35am
Quoting yousername
{quote} I will make 2 new command FG_LS/LOUISETANO_on/off(0/1)_100(TP in pips) That mean it will be in Louisetano mode where the initial trade will have TP 100. If you want to make check if the LS mode is on simply run the following command FG_LS STATUS/LOUISETANO_STATUS The trading manager feature in FG will close the trade if the first opened order reaches the TP i.e. 100 pips profit. But if the market touches/opened the other pending orders, FG will cancel out the 100 pips profit for the first order. Instead it will use the group profit target...
Thank you
  • #939
  • Aug 7, 2017 6:25am Aug 7, 2017 6:25am
Quoting Louisetano
{quote} Thank you
Quoting yousername
{quote} I will make 2 new command FG_LS/LOUISETANO_on/off(0/1)_100(TP in pips) That mean it will be in Louisetano mode where the initial trade will have TP 100. i.e. FG_LOUISETANO_1_50 This will make the first opened order to have a TP target. If you want to make check if the LS mode is on simply run the following command FG_LS STATUS/LOUISETANO_STATUS ie. FG_LOUISETANO STATUS This command gives an alert about LS status Louisetano is on, 50 The trading manager feature in FG will close the trade if the first opened order reaches the TP i.e. 50 pips profit. But if the market touches/opened the other pending orders, FG will cancel out the 50 pips profit target for the first order. Instead it will use the group profit target calculation i.e. using RR Ratio or Profit Target as group profit target calculation. However when you click the close button. It will close out all the orders without considering the LOUISETANO option. Basically it will override and close the order in case of an emergency.
Could try debug this one out please and let me know if it's working as expected?

Thanks
Attached File(s)
File Type: ex4 FLEXY GRID_1.962_BETA.ex4   237 KB | 368 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #940
  • Aug 7, 2017 7:18am Aug 7, 2017 7:18am
Quoting yousername
{quote} {quote} Could try debug this one out please and let me know if it's working as expected? Thanks {file}
Hi,

It accepts the FG command, but status keeps saying it's OFF. Have tried with both 0 and 1, and trade closed at combined PT.
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