Lets try to improve my profitable Grid Correction EA | Page 8 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #141
  • Jan 17, 2018 5:41am Jan 17, 2018 5:41am
Hello Pipbeastfx,

Thanks for sharing your EA . currently total net open lot size is around 30-35K. just wondering what is the maximum lot this EA can open at one time.
Attached Image (click to enlarge)
Click to Enlarge Name: open lot.PNG Size: 212 KB


performance since monday after london close
Attached Image (click to enlarge)
Click to Enlarge Name: test2.PNG Size: 155 KB
  • #142
  • Jan 17, 2018 6:32am Jan 17, 2018 6:32am
I backtested EURGBP with default EA settings for the year 2017.
Timeframe: 5MIN
Lotsize: 0.01
Spread: 14
Inital deposit: 5000 EURO
Demo Account leverage: 1:200
Model: Every tick with 99.90% quality

It started good but on January the 9th the account was blown up.

I guess the default settings are way to agressive for the inital deposit and timeframe.
I will try some diffrent settings.




Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_Pibbeast_Result_with_settings_2017.PNG Size: 54 KB
  • #143
  • Jan 17, 2018 6:34am Jan 17, 2018 6:34am
Quoting bazze
Here's my results since yesterday, looking good so far... {image}
@bazze: Looks really good. My results are nerly the same.
Would you please be so Kind and let me know, how I can get this Profit/loss- Statement you posted. Thank you, renkotop
  • #144
  • Jan 17, 2018 7:22am Jan 17, 2018 7:22am
Running EA on Tradersway mt4....VPS with PIVPS......ping/17.97 ms...........super fast...............$9.99/month....windows 2012
Git r Dun
  • #145
  • Jan 17, 2018 7:53am Jan 17, 2018 7:53am
i have noticed spread is very important factor to run this EA. i am running two instances of EA with two different spreads and the result are different speacially in terms of open trade lot size.

account with 0.5 or below spread is giving excellent results while not opening a large number of trades.
  • #146
  • Jan 17, 2018 8:58am Jan 17, 2018 8:58am
updated account summary ...I have not shut this down or changed from default settings, I am running it on 6 pairs with a 1000 to 1 margin
Attached Image (click to enlarge)
Click to Enlarge Name: jan 17 2018 statement.jpg Size: 129 KB
  • #147
  • Jan 17, 2018 9:36am Jan 17, 2018 9:36am
Quoting pipbeastfx
{quote} 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.
Do You think its best to close open trades before weeekends?
You say close EA before red news.
I closed all open trades before news.
Do You think its best to close EA before news/weekends ore close EA and close open trades?
I guess for minimazing risk its best to close EA and open trades?
Best wishes
  • #148
  • Jan 17, 2018 9:45am Jan 17, 2018 9:45am
Quoting Elovv
{quote} Do You think its best to close open trades before weeekends? You say close EA before red news. I closed all open trades before news. Do You think its best to close EA before news/weekends ore close EA and close open trades? I guess for minimazing risk its best to close EA and open trades? Best wishes

Yes its Good Close EA and trade before weekend. in Friday you can close the trade when you see EA hit the TP or you can close with small profit and start fresh again from Monday.
  • #149
  • Jan 17, 2018 10:01am Jan 17, 2018 10:01am
Quoting shobz99
i have noticed spread is very important factor to run this EA. i am running two instances of EA with two different spreads and the result are different speacially in terms of open trade lot size. account with 0.5 or below spread is giving excellent results while not opening a large number of trades.
shobz99 Yes that's correct tighter the spread we can get more profit. and also trade can hit the TP faster than bigger spread brokers
  • #150
  • Jan 17, 2018 10:05am Jan 17, 2018 10:05am
I want to thank pipbeastfx for the hard work...I know this type of thinking isnt easy and to make it work is so cool
Im not closing my demo on red news or any news...I will close on friday about an hour before the markets close

this is very interesting to watch...Im amazed at how well it handles trades
  • #151
  • Jan 17, 2018 10:42am Jan 17, 2018 10:42am
Quoting BuntaFish
I backtested EURGBP with default EA settings for the year 2017. Timeframe: 5MIN Lotsize: 0.01 Spread: 14 Inital deposit: 5000 EURO Demo Account leverage: 1:200 Model: Every tick with 99.90% quality It started good but on January the 9th the account was blown up. I guess the default settings are way to agressive for the inital deposit and timeframe. I will try some diffrent settings. {image}
Something wrong with that backtest.

Well u cant trust backtests anyway.

There is no way this EA blown up with .01 and $5000

I used .10 with 10000 and it went to more than 50% drawdown and still recovered.
  • #152
  • Jan 17, 2018 10:46am Jan 17, 2018 10:46am
Ok update

It is up to 13340 from 9750 since monday. ( I am using .10 lots not .01)

I will close it Friday.

I think this EA needs a broker with very low spreads and a high leverage.

But the problem is there is no such thing for US clients.

Tradersway and finpro are the only none US brokers that allow US clients and they look shady.

Some people claimed that they cant withdraw their funds.


So can someone suggest a broker???

If we have the right broker you can rename this EA the money machine.
  • #153
  • Jan 17, 2018 10:56am Jan 17, 2018 10:56am
2 days
up $153, 0,01 lot eg, -$9 open trades, IC $5000 demo
Best wishes
  • #154
  • Jan 17, 2018 11:03am Jan 17, 2018 11:03am
Hi,
can you explain the strategy behind this EA,
thanks in advance for prompt reply
  • #155
  • Jan 17, 2018 11:03am Jan 17, 2018 11:03am
Quoting hibra68
Ok update It is up to 13340 from 9750 since monday. ( I am using .10 lots not .01) I will close it Friday. I think this EA needs a broker with very low spreads and a high leverage. But the problem is there is no such thing for US clients. Tradersway and finpro are the only none US brokers that allow US clients and they look shady. Some people claimed that they cant withdraw their funds. So can someone suggest a broker??? If we have the right broker you can rename this EA the money machine.
yes there is a broker for us USA clients...LMFX...I get 1000 to 1 margin with no commission and 2 pip spreads
  • #156
  • Jan 17, 2018 11:04am Jan 17, 2018 11:04am
Quoting pipbeastfx
{quote} Keep up the Good work Bazze.. Post the result every day. so we can check and we can discuss about what to improve
  • #157
  • Jan 17, 2018 11:05am Jan 17, 2018 11:05am
check out my account history in previous posts
  • #158
  • Jan 17, 2018 11:06am Jan 17, 2018 11:06am
Questin about time setting in EA
Friday close time in EA, I guess its the time on Marketwatch? Or computertime?
Default is close Friday 17.00, open Monday 00.00
Which time do You prefer in GMT time?
For IC market close 17.00 is 15.00 GMT and open 00.00 is 22.00 GMT on sunday
Regards
  • #159
  • Jan 17, 2018 11:07am Jan 17, 2018 11:07am
Quoting pipster59
{quote} yes there is a broker for us USA clients...LMFX...I get 1000 to 1 margin with no commission and 2 pip spreads
How long did u use them?

Were you able to withdraw any money?

You know even if you make a million dollars it means nothing if you cant withdraw your money.
  • #160
  • Jan 17, 2018 11:09am Jan 17, 2018 11:09am
Ok I just checked forexpeacearmy site for Lmfx revies.

Not looking good, go check out the revies for yourself.

Some people have been waiting months for their withdrawal. NOT GOOD>
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