Lets try to improve my profitable Grid Correction EA | Page 6 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #101
  • Jan 16, 2018 9:38am Jan 16, 2018 9:38am
Quoting pipster59
I have a news feed script?...or program I could email you if you want...may save you some time. thanks for your work here...I have been trading this crazy market for 28 years and so far have not seen anything that works this well...
That would be great and very helpful. i will send send you an PM Later. Let's make this EA more powerful with additional filters.
  • #102
  • Jan 16, 2018 9:41am Jan 16, 2018 9:41am
Quoting yalgaar
{quote} Will you be posting the details of what the EA does soon?
Sure as soon i get some free time. i will detail explain about the settings and features here..Already working on it. i'm still collecting our members questions so i can explain everything in one post
  • #103
  • Jan 16, 2018 9:44am Jan 16, 2018 9:44am
Quoting renkotop
@pipbeastfx: is this a Martingale?
no its a hedging EA
  • #104
  • Jan 16, 2018 10:03am Jan 16, 2018 10:03am
does it use sl?
  • #105
  • Jan 16, 2018 10:28am Jan 16, 2018 10:28am
Im not the deveoper so I may be wrong but my demo is not using a stop..which in my 28 years of experience is a good thing, banks and large investors dont use stops
do you know what hedging is?
it buys and sells the same pair at the same time...but this on will either do a sell and 2 buys or vice versa...very smart
  • #106
  • Jan 16, 2018 10:41am Jan 16, 2018 10:41am
Quoting pipster59
Im not the deveoper so I may be wrong but my demo is not using a stop..which in my 28 years of experience is a good thing, banks and large investors dont use stops do you know what hedging is? it buys and sells the same pair at the same time...but this on will either do a sell and 2 buys or vice versa...very smart
@pipster59: it means getting profitable you Need a certain amount of Money and time, right?
  • #107
  • Jan 16, 2018 11:01am Jan 16, 2018 11:01am
absolutely...I trade with a broker that gives me a large margin and lets me hedge..this EA works with a broker like that
but realistically you could open a live account with $500 and let this run on 1 currency pair...and do well I feel but time will tell
so demo it and lets all give our feed back to pipbeastfx...he has done a great job
  • #108
  • Jan 16, 2018 11:04am Jan 16, 2018 11:04am
Hedging means buy and sell the same currency pair at the same time, you just need to have a large enough account to ride through the trades
that go against you and wait for them to turn a profit...this EA seems to handle that very well
  • #109
  • Jan 16, 2018 11:07am Jan 16, 2018 11:07am
Quoting pipster59
Hedging means buy and sell the same currency pair at the same time, you just need to have a large enough account to ride through the trades that go against you and wait for them to turn a profit...this EA seems to handle that very well
doesn 't it blow the account in a strong trend, like using a Martingale?
  • #110
  • Jan 16, 2018 11:10am Jan 16, 2018 11:10am
good point..I guess thats why we are testing it. But with very small trades it should be manageable
  • #111
  • Jan 16, 2018 11:12am Jan 16, 2018 11:12am
Quoting pipster59
good point..I guess thats why we are testing it. But with very small trades it should be manageable
I think so too. Test is running...
The System itself is extremely good.

Thanks to pipbeastfx!!!
  • #112
  • Jan 16, 2018 12:53pm Jan 16, 2018 12:53pm
Quoting pipbeastfx
{quote} 1. IN the settings many you can see the option call lot. you can set it to 0.01. that mean thats the minimum lot size we ask from EA to start. so if you trading two pairs other pair you can set the lot to 0.01 too 2. From EA settings there is a option call close Friday. if you make this true EA will stop trading from the given hour below that option. also if you need EA to start automatically given time on monday you can set open monday true and give the time
Thanks.....but with what balance do You think we can increase lotsize?
  • #113
  • Jan 16, 2018 1:12pm Jan 16, 2018 1:12pm
Quoting Elovv
{quote} Thanks.....but with what balance do You think we can increase lotsize?
Hi, maybe 10k or 15k as max DD so far was 27%?
Dear Pipbeastfx, thank you for your efforts in making this, going to try and help
"Work hard, put in the effort, and follow your dreams..." -Me
  • #114
  • Jan 16, 2018 1:39pm Jan 16, 2018 1:39pm
day two, with interruption for GBP CPI.
Here are the main suggestions for improvements have been made. very important would be a news feed (Post 94). And Post 74 and 80 are very sticky.
Attached Image (click to enlarge)
Click to Enlarge Name: beast.jpg.PNG Size: 31 KB
  • #115
  • Jan 16, 2018 1:46pm Jan 16, 2018 1:46pm
48 hours later without stopping the EA for news...I am noticing that if and when it has a loss it very quickly makes it back...notice the end of the chart upper right corner..
Attached Image (click to enlarge)
Click to Enlarge Name: trading results.jpg Size: 136 KB
  • #116
  • Jan 16, 2018 1:49pm Jan 16, 2018 1:49pm
Quoting Elovv
{quote} Thanks.....but with what balance do You think we can increase lotsize?
I understand your desire to increase lot size but let me ask you why?...why not just trade more pairs? that way you can leverage your trades
better and keep losses small when they happen.
  • #117
  • Jan 16, 2018 3:19pm Jan 16, 2018 3:19pm
I had the EA open since yesterday 2.00 am.

$9750 to start with now it is at $11617 equity.

I am using .10 lots not .01 lots as reccommended.

So far so good.

It has been trading GU only the whole time.

But I bactested it with Eur/gbp vs the other suggested pairs and Eur/Gbp always came out ahead.

I think because of the tugofwar between the two currencies. The pair dont trend as much.
  • #118
  • Jan 16, 2018 3:23pm Jan 16, 2018 3:23pm
Quoting Elovv
{quote} Thanks.....but with what balance do You think we can increase lotsize?
I think if the suggested lot is .01 lots per 5000 than you need 10000 to trade .02 lots and so on.

And if you want to trade more than 1 pair the answer is the same.
  • #119
  • Jan 16, 2018 7:28pm Jan 16, 2018 7:28pm
Quoting M.Propper
day two, with interruption for GBP CPI. Here are the main suggestions for improvements have been made. very important would be a news feed (Post 94). And Post 74 and 80 are very sticky. {image}
M.Propper this will come with the next Update
  • #120
  • Jan 16, 2018 7:45pm Jan 16, 2018 7:45pm
Quoting hibra68
{quote} I think if the suggested lot is .01 lots per 5000 than you need 10000 to trade .02 lots and so on. And if you want to trade more than 1 pair the answer is the same.

Yes Hibra68 Suggested lot size is 0.01 for the 5000. In demo you can test different ways. but always we need to trade safe and make good profit. when the balance increase we can increase the lot size
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