Lets try to improve my profitable Grid Correction EA | Page 7 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #121
  • Jan 16, 2018 9:49pm Jan 16, 2018 9:49pm
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
Glad we got a experience trader like pipster59 with us. Good Explanation
  • #122
  • Jan 16, 2018 10:20pm Jan 16, 2018 10:20pm
pipsbeastfx.....got the EA running on JFD....I'll let u know.....thnx........pretty slow 179.05 ms
Git r Dun
  • #123
  • Jan 16, 2018 10:34pm Jan 16, 2018 10:34pm
Quoting pipbeastfx
{quote} Glad we got a experience trader like pipster59 with us. Good Explanation
want to test. I have demo account with 'e suffix' (like eurgbp.e). how can I test that?
  • #124
  • Jan 16, 2018 10:50pm Jan 16, 2018 10:50pm
Quoting juisen25
{quote} want to test. I have demo account with 'e suffix' (like eurgbp.e). how can I test that?
Create a Demo account with 5000$

Then Download and Install the EA

Run the EA on EUR GBP 5 Minute chart
  • #125
  • Edited Jan 17, 2018 12:07am Jan 16, 2018 11:09pm | Edited Jan 17, 2018 12:07am
Quoting pipbeastfx
{quote} Create a Demo account with 5000$ Then Download and Install the EA Run the EA on EUR GBP 5 Minute chart
thanx. but I have pair with e suffix. example eurgbp.e, usdjpy.e


this EA cannot run on suffix pair like EURGBP.e/USDJPY.e


How can I add e suffix on every pair?
  • #126
  • Jan 16, 2018 11:15pm Jan 16, 2018 11:15pm
i'm also testing this out on 5min chart currently on default settings will change a few tick boxes once we all become more familiar with settings aswell as best setup hopefully we'll all get something positive out of this one question does this system have anything implemented with OO numbers?
  • #127
  • Edited 12:36am Jan 17, 2018 12:13am | Edited 12:36am
Quoting pipbeastfx
{quote} Create a Demo account with 5000$ Then Download and Install the EA Run the EA on EUR GBP 5 Minute chart
can you add suffix pair on your EA? like eurgbp.e, usdjpy.e

Thanx
  • #128
  • Jan 17, 2018 1:52am Jan 17, 2018 1:52am
When trading this System is it necessary to run it with VPS?
  • #129
  • Jan 17, 2018 1:53am Jan 17, 2018 1:53am
Quoting renkotop
When trading this System is it necessary to run it with VPS?
Yes Then you can run the EA on the VPS for 24 hours a day
  • #130
  • Jan 17, 2018 2:28am Jan 17, 2018 2:28am
Hi pipbeastfx

Is it working with ECN, Micro, or Cent account as well when we try to Live later?

so far so good result..

Thanks
  • #131
  • Jan 17, 2018 2:37am Jan 17, 2018 2:37am
Quoting xdongx
Hi pipbeastfx Is it working with ECN, Micro, or Cent account as well when we try to Live later? so far so good result.. Thanks
Hello xdongx

Yes EA working with ECN,MICRO and Cents account too..
  • #132
  • Jan 17, 2018 3:02am Jan 17, 2018 3:02am
Quoting pipbeastfx
{quote} Hello xdongx Yes EA working with ECN,MICRO and Cents account too..
What do you mean Cent account?

I have account with Oanda. I can trade down to 1 unit. 1 unit of eur/usd for example.

But I cant use mt4 to buy or sell anything less than 1000 unit(1 micro lot).

Is there a broker that lets people use mt4 for less than a micro?
  • #133
  • Jan 17, 2018 3:07am Jan 17, 2018 3:07am
Update on the EA . Remember I am using .10 lots and started with 9750$. it was doing good but i think its about to blow. was down $5000 now it is down $3000. So it has recovered a bit.

One thing I dont get though why didnt it close trades with a loss after certain point, and why did it keep buying even though it kept going down???

I ask this because yesterday it did close 5 losing trades each were about $200 .

But this time no losing trades were closed at all. It kept opening new trades.

How does it decide to close or not to close losing trades.

Weird.
  • #134
  • Jan 17, 2018 3:22am Jan 17, 2018 3:22am
Quoting hibra68
Update on the EA . Remember I am using .10 lots and started with 9750$. it was doing good but i think its about to blow. was down $5000 now it is down $3000. So it has recovered a bit. One thing I dont get though why didnt it close trades with a loss after certain point, and why did it keep buying even though it kept going down??? I ask this because yesterday it did close 5 losing trades each were about $200 . But this time no losing trades were closed at all. It kept opening new trades. How does it decide to close or not to close losing trades....
Dear Hibra86 0.1 Lot is way above than recommended level according to your account balance. as the 0.1 we are talking about the minimum lot that we ask from EA to trade. that mean EA using from 0.1 < __ Forex is not a get rich quick thing. and we need to be patience (https://www.google.lk/search?rlz=1C1CHBD_enLK779LK779&q=be+patience&spell=1&sa=X&ved=0ahUKEwj2gIHI097YAhWBJpQKHS3dBAEQkeECCCQoAA) . Also when we trade always need to focus on minimizing our risk. while we make decent profit. Also many EAs not working because they use SL. because there is no such a strategy that can work 100% correct in Forex. what we need is putting a Good money Management to our system. then we can make decent profit.

Even for 25000$ account i only recommend 0.04 as the starting lot size.

Also you will see when market move other side EA always waiting to catch a small reversal or correction and adjust the TP to close all orders few pip + from brake even.


The experiment you did was a Good one. because we are trading demo. it's good to test different ways and then we will make the require modifications with the response we are getting from our team memebers
  • #135
  • Jan 17, 2018 3:23am Jan 17, 2018 3:23am
Max lots setting doesnt appear to work. Opened 6 lots in tester.
Also if close Friday set to true it can close out on a large floating loss
We are all One. Be present. Be the Observer
  • #136
  • Jan 17, 2018 3:54am Jan 17, 2018 3:54am
Here's my results since yesterday, looking good so far...
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 8 KB
  • #137
  • Edited 4:17am Jan 17, 2018 3:57am | Edited 4:17am
Quoting Iamfx
Max lots setting doesnt appear to work. Opened 6 lots in tester. Also if close Friday set to true it can close out on a large floating loss

Close Friday True mean. EA stop opening new trades. that's not mean EA closing current positions. EA dosen't close open trade. but it set TP for the current orders to close with profit.
  • #138
  • Jan 17, 2018 3:59am Jan 17, 2018 3:59am
Quoting bazze
Here's my results since yesterday, looking good so far... {image}
Keep up the Good work Bazze.. Post the result every day. so we can check and we can discuss about what to improve
  • #139
  • Jan 17, 2018 4:29am Jan 17, 2018 4:29am
Quoting pipbeastfx
{quote} Dear Hibra86 0.1 Lot is way above than recommended level according to your account balance. as the 0.1 we are talking about the minimum lot that we ask from EA to trade. that mean EA using from 0.1 < __ Forex is not a get rich quick thing. and we need to be patience (https://www.google.lk/search?rlz=1C1CHBD_enLK779LK779&q=be+patience&spell=1&sa=X&ved=0ahUKEwj2gIHI097YAhWBJpQKHS3dBAEQkeECCCQoAA) . Also when we trade always need to focus on minimizing our risk. while we make decent profit. Also many EAs not working because they...
Actually yes it is experiment and it did not blow the account it recovered and made lots of pips.
infact now it is up to 13000.

but, I was wondering why it did not close the losing trades when it went down more than 50%???

By the way if I used .01 lots for $5000 it would be 10% down.
  • #140
  • Jan 17, 2018 4:42am Jan 17, 2018 4:42am
Does EA use some indicators for entry?
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