Lets try to improve my profitable Grid Correction EA

Backtest GBPCAD in 1H 2012-2016 99% quality 20 speard

Subscribe, thank you.

Hi pipbeastfx,

thanks for sharing your EA. I just strated a demo account forward test. Let's see how it works out.

However - as stated earlier in this thread - the EA doesn't place a Stoploss. I know you said earlier that the EA does calculate one and executes it.
I can confirm that, yet it worries me because what if while you are in a trade - and this EA is trading a lot all the time - the system shuts down?

What if your VPS shuts down, or your computer fails, or Meta Trader stops working, or the EA itself? You will be in a lot of trades that are not protected against such worst case scenarios. No Black Swan protection.

Furthermore i recognised that the lot size is increasing drastically while the EA is trading.
I just strated 4 hours ago with the default settings and 0.01 lot size yet it already opens trades with 0.05 lots.
Pretty agressive in my opinion and i wonder if there is some sort of martingale calculation going on behind the scene.

Nevertheless, I'm staying curious...

Im checking it out now...will update asap

what currencies does this trade best on.

EUR GBP and USD JPY. First start with EUR GBP

Backtest AUDUSD in 1H 2012-2016 99% quality 15 speard

Hi pipbeastfx
I'm a new follower of your thread.
Your EA seems great but just a question about setting for pipbesatfx monster,animal,ogre ?
Could you be clearer about this settings ?
Thx.

test results from yesterday pair EURGBP

subcribed...

does this ea expire sometimes?

@pipbeastfx:does the ea expire? Please let me know. Bets regards, renkotop

Trying it out on my Admiral Market Demoacc., so we'll see...

you may add a good currency strength calculation so the expert advisor trade only when the pair currencies have the same strength
and days/time filter is important for such strategy i think

Thanks llxx77dd (https://www.forexfactory.com/llxx77dd) Nice adviced will study about this and then we can add this to our EA

No you can trade in Live account too. but lets demo here for one month

Special Thanks Going to Experience member Fibo38. You are doing a amazing job. back testing shows us the most profitable currency pairs

Welcome to our Team..

Interesting EA pipbeastfx. Thank You. We will try it.

I was going to suggest this with regards to strength.

Another idea would be to run it on two highly negatively correlated pairs.
Thereby if one pair starts to trend then the other will act as a hedge.





The other pair to trade on would be EURCHF as these two are highly correlated and therefore should range most of the time.