Lets try to improve my profitable Grid Correction EA | Page 10 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #181
  • Jan 17, 2018 5:47pm Jan 17, 2018 5:47pm
Quoting BuntaFish
{quote} I can assure you there is nothing wrong with my backtest. I have run it multiple times on different computers and it is not the first EA i run backtests against. And you are right, backtests are not to be trusted, you need a forward test as well which i am doing right now. And as i write this, the foreward test is doing the same thing. Starting with 5000 € late Monday this week it went up to 5360 € and now the equity is down to about € 4700. The positions are still open. (Default settings on EURGBP and USDJPY) Today i ran some backtests...
you can hedge in the US with the right broker..LMFX is mine
my account did have a big draw down but has gotten it all back now and going up

the thing I like most about this is that if it does have a loss it VERY quickly gets it back...
  • #182
  • Jan 17, 2018 6:45pm Jan 17, 2018 6:45pm
Quoting BuntaFish
And as far is i can see, the EA is doing good in ranging markets but as soon as a trend is starting it just blows up
It didn't blow up...It did have a huge draw down but northing to worry about...trading is like that...if you cant handle large moves against you put your money in a bank
Im not being rude it is what it is
  • #183
  • Jan 17, 2018 6:47pm Jan 17, 2018 6:47pm
Attached Image (click to enlarge)
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this was today
  • #184
  • Jan 17, 2018 6:55pm Jan 17, 2018 6:55pm
So far it looks like .01 lot per 25000 dollars is the only way to trade this safely.

this is based on year 2017.

but if someone can test it for 5 years with default settings and 25000 instead of 5000

we can see what happens
  • #185
  • Jan 17, 2018 8:32pm Jan 17, 2018 8:32pm
Hi,
See below what I found from my test with two brokers simultaneously.

- The EA works well with the broker who offer narrow spread, especially in a ranging market.
- Trades opened with narrow-spread-broker is getting closed soon than the trades opened with large-spread-broker.
- With large-spread-broker, since trades are taking more time to close, it is also causing to increase the number of trades in higher sizes.
- It may be more safe, if the martingale-effect of this EA is reduced by limiting the size and number of trades.

I am sure, this EA can be improved and helpful to many of us, if the modifications suggested by experienced traders in the previous pages are considered.
Again, thanks to 'pipbeastfx'.
  • #186
  • Jan 17, 2018 9:04pm Jan 17, 2018 9:04pm
You are doing a great work here by testing the EA on different market condition and also doing back testing. some times back testing not work perfect as live testing. but even in back test we can discuss what we need to improve

as i so many traders concern is when market move one direction without any retrenchment and how to limit our draw down . I will think about this strongly. because when we have that we got the perfect EA. only problem most of the traders discuss here was this.

And Here we are a team. so you also can come up with ideas. and don't hesitate to mention here everything. this is our tread so you can come up with ideas. doesn't matter it work or not. we can try.

We are lucky because we have such a great experience traders like pipster59, Fibo38,hibra68 and many other traders and even Alien was here too

So lets do the modification required for this.

Testing with many market condition we can figure out what to improve. and that's what we are doing now

Today EUR GBP drop more than 60 pips without good correction or retracement.

can you post your EUR GBP result today.
  • #187
  • Jan 17, 2018 9:23pm Jan 17, 2018 9:23pm
what about dd?
  • #188
  • Jan 17, 2018 9:30pm Jan 17, 2018 9:30pm
Good results from EURGBP today. Starting lots 0.01, Max lot size: 0.38, Max DD approx $270.

Attached Image (click to enlarge)
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  • #189
  • Jan 17, 2018 9:34pm Jan 17, 2018 9:34pm
So Far So good .

Guess the best pairs are those three ( uj eg echf )

am using 0.03 lot size ( trying to see how it will deal with it ) BUT in live it should not go more than 0.02 for a 10k balance 1:500 ( LOW SPREAD )

24 hours test results
Attached Image (click to enlarge)
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  • #190
  • Jan 17, 2018 10:12pm Jan 17, 2018 10:12pm
To limit blowing the account i'm starting with 0.01 lots, and limiting the progression to a maximum 0.38 lots on a 5k account.
If the trend continues, I'll keep the trades on and endure the DD until TP is hit. With a pair like EURGBP it comes back eventually.

Swap will be an issue, but there is no reason I can't change the magic number and start another grid on the same currency pair when the market calms down again.

Yes it's high risk, but with sufficient funds and if you're not too greedy you should be able to make it work.
  • #191
  • Jan 17, 2018 11:30pm Jan 17, 2018 11:30pm
Quoting pipbeastfx
You are doing a great work here by testing the EA on different market condition and also doing back testing. some times back testing not work perfect as live testing. but even in back test we can discuss what we need to improve as i so many traders concern is when market move one direction without any retrenchment and how to limit our draw down . I will think about this strongly. because when we have that we got the perfect EA. only problem most of the traders discuss here was this. And Here we are a team. so you also can come up with ideas. and...

See attached statement for EURGBP for two brokers, 5M timeframe on 17th.

FxPro : full day.
TradersWay : from 18:53 onward.

No similarity in transactions.
Attached File(s)
File Type: xlsx Pipbeast transactions...xlsx   22 KB | 314 downloads
  • #192
  • Jan 18, 2018 12:03am Jan 18, 2018 12:03am
this is a good EA and needs to have a few miner tweaks... but that is very doable compared to other EA's I have tried or had made for me
I agree with some comments posted earlier here that margin and number of open trades is really all that matters in trading

this EA does address all of my concerns and I feel that after all the years I have spent trading and being co owner of an FCM that
we have something here as a group that can do very well if we realize what trading is

To many people look for the holy grail, something that gives arrow to buy and sell, something that makes 80 pips and works all
the time....IT DOESN'T EXIST..

When I was co owner of the FCM we would trade against anyone that placed a trade on our system, then all we did is wait for them to close a trade
and we took a very small profit, sometimes only 5 pips, but we did it all day long

Vegas was built on people loosing on $0.5 slots....slow and steady with no stops is the only way to trade
but manage with account size and contract size.

Good night and good luck
  • #193
  • Jan 18, 2018 12:52am Jan 18, 2018 12:52am
As i wrote before, i think that the best improvement could be a trade manager that stop EA and close all open oders when a certain ddis reached... Now i've tried the equity stop loss coded inside but i think it doesn't work as i expected...
Thanks
Regards
  • #194
  • Jan 18, 2018 3:09am Jan 18, 2018 3:09am
First of all I would like to thank Pipbeastfx for sharing his EA.

Can I suggest a small and useful modification?

It could be possible to modify inside the EA the parameter “Comment” in order to write the comment you’d like to? I mean, instead of “Pipbeast Ogre…”, “Pipbeast Animal…” and “Pipbeast Monster…” personalize this parameter to write our own comment.

And just two more words…

I want to shear my personal opinion about the use of this EA: apart from test some filters to improve the results, I think it could be useful to use contemporary an Account Manager to be able to set our global daily target (TP and SL) and once achieved, cut the operations until we start again the next day. I do not think it's a good idea to leave the EA running 24 hours a day, 5 days a week. If in our forward test of this EA we have an average profit of X money per day, then we can set (with an Account Manager) our daily goal of 75% or 50% of that amount and settle for that result. Thus we reduce the possibility of having unpleasant surprises.

Just my 2cents
  • #195
  • Jan 18, 2018 3:14am Jan 18, 2018 3:14am
In fact, with a strong trend the robot is very dangerous.
It is my opinion.

Thank's.
  • #196
  • Jan 18, 2018 3:27am Jan 18, 2018 3:27am
Default Setting, Spread = 2 pips. BT on EU from 2015.01.01 - 2017.08.15 (these are the 99% modelling quality data that I able to collect).

Attached Image (click to enlarge)
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Very impressive gains just that the dd is a bit high.
  • #197
  • Jan 18, 2018 3:53am Jan 18, 2018 3:53am
You can add a long or short side selection parameter??
That way you can split accounts and set a long account and a short account
In the case of a strong trend only one account will be deleted
You have to withdraw profits at the end of each day, and so in the case of account deletion we will still have profits
This ea has no meaning to hedging strategy because it is not a perfect hedge
But the hedge prevents it from opening transactions once the ea definitions are defined only by one side
Thanks in advance
  • #198
  • Jan 18, 2018 4:11am Jan 18, 2018 4:11am
Ran for 24hrs VPS on live 8k account default eur/gbp and approx. $120 profit. Very risky but wanted to see if it would cope with slippage and commission. I don't know if grid/marty has any future ---what would happen with a Brexit type scenario.
We are all One. Be present. Be the Observer
  • #199
  • Jan 18, 2018 4:25am Jan 18, 2018 4:25am
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 Admiral Markets.png Size: 85 KB
  • #200
  • Jan 18, 2018 4:28am Jan 18, 2018 4:28am
There should be an option for the EA to start hedging a pair when the total trades for that pair reach a certain number, e.g. -$100

Otherwise the trend just burns you every time
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