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Lets try to improve my profitable Grid Correction EA

  • #221
  • Jan 18, 2018 6:58pm Jan 18, 2018 6:58pm
@pipbeastfx

Okay i got mines running its on all 40 pairs based on each of them having a only long position or short but not both
all default settings so far its been a day im waiting anxiously for a possible dd...
im not too familiar with the settings on where or what to tweak im just running on default right now

also great work to everyone lets all make this one positive guys
Attached Image (click to enlarge)
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  • #222
  • Jan 18, 2018 8:06pm Jan 18, 2018 8:06pm
Quoting Elovv
{image} {image} Can You explain Autotrading I guess it must be true if we will let the EA trade Close all If true all trades get closed? Daily target Close when @50 its up $50 MM I dont know, guess if true not start with Lots for me 0.01 Take profit 50 stop after what? Useequitystop stop loss in % of equity? Total equity risk in %? if I have a $5000 account and st it to 0.4 stop trading when open trades are -$20? Best wishes
Auto Trading - This must be True to Work the EA

Close All - when you set this to true all orders will close ASAP. Many Traders ask for this button for an emergency. so i add that option to the EA

Daily Target- this mean if you set this to 100$ as soon as EA make 100$ as the daily profit EA stop working. and EA will start trading again from the next day. so every day EA will run until make 100$ profit as the daily target

MM - I will Explain this latter. for now keep it false

Take Profit - Take Profit as a example when you set this value to 30. this mean EA Take profit is 3 pip. IF you set this to 60 this mean EA take profit is 6 pip

Use EquityStop and Total Equity Risk Yes in your example if you use 0.4 mean when your negative balance reach -20 EA will not open trade and also close the trade If the open negative balance increase the -20. This depend with the how many risk you like to give to the EA to make daily target
  • #223
  • Jan 18, 2018 8:14pm Jan 18, 2018 8:14pm
Thanks for the explanation pipbeastfx. Did you happen to change the lot size progression? It seems to be going 0.01, 0.02, 0.03 in quick succession now...
  • #224
  • Jan 18, 2018 9:20pm Jan 18, 2018 9:20pm
Can you post today result here. so we can check what we got as a result with many different brokers

Also will try to explain other settings as well soon
  • #225
  • Jan 18, 2018 9:30pm Jan 18, 2018 9:30pm
Hi pipbeastfx, I was trying to run this on gold where there is no commissions, will post pictures if it goes well . Maybe I could make a suggestion of another addition that can be used in grid systems: I notice when it takes TP and then returns to the same level no new trade opens to the TP side that was just hit. Maybe you could add a function to re-open the same trade that hit TP, even have a reduction factor when they are re-open.
"Work hard, put in the effort, and follow your dreams..." -Me
  • #226
  • Jan 18, 2018 11:09pm Jan 18, 2018 11:09pm
Quoting tzamo
Hi pipbeastfx, I was trying to run this on gold where there is no commissions, will post pictures if it goes well . Maybe I could make a suggestion of another addition that can be used in grid systems: I notice when it takes TP and then returns to the same level no new trade opens to the TP side that was just hit. Maybe you could add a function to re-open the same trade that hit TP, even have a reduction factor when they are re-open.
Been demo-trading this from that start of the week. EURGBP & USDJPY, 100k starting balance. starting lot-size 0.15. Rest all default. Will post the statement later if required.
Meantime, if anyone wants to look: http://www.fxblue.com/users/know666
Drawdown details:https://www.mql5.com/en/charts/8187868/audnzd-h4-pepperstone-group-limited
  • #227
  • Jan 18, 2018 11:41pm Jan 18, 2018 11:41pm
Quoting pipbeastfx
{quote} Auto Trading - This must be True to Work the EA Close All - when you set this to true all orders will close ASAP. Many Traders ask for this button for an emergency. so i add that option to the EA Daily Target- this mean if you set this to 100$ as soon as EA make 100$ as the daily profit EA stop working. and EA will start trading again from the next day. so every day EA will run until make 100$ profit as the daily target MM - I will Explain this latter. for now keep it false Take Profit - Take Profit as a example when you set this value to...
Many thanks for Your help!
Take profit, I understand that EA stop trading when it hits daily target. But does it also close open trades when target is hit or are they still open? Think its good if they get closed.

My profit since monday afternon, only eg, 0,01 lot, $257, open trades -$4, IC demo.

Best wishes
  • #228
  • Jan 19, 2018 12:27am Jan 19, 2018 12:27am
Hi, I am trading the EA on my live account as I think the results are different than Demo, only 0.01 a lot, I will give it until midnight as I don't want any positions open over the weekend, I will post my results after the market has closed
  • #229
  • Jan 19, 2018 12:41am Jan 19, 2018 12:41am
Quoting pipbeastfx
{quote} Auto Trading - This must be True to Work the EA Close All - when you set this to true all orders will close ASAP. Many Traders ask for this button for an emergency. so i add that option to the EA Daily Target- this mean if you set this to 100$ as soon as EA make 100$ as the daily profit EA stop working. and EA will start trading again from the next day. so every day EA will run until make 100$ profit as the daily target MM - I will Explain this latter. for now keep it false Take Profit - Take Profit as a example when you set this value to...
Upipbeastfx: If I' m running 2 currencies and I put "Daily Target" to 100 EUR, does the ea Close when 1 currency has a Profit of 100 EZR or if both currencies have a Profit of 100 EUR?
Thanks for info, renkotop
  • #230
  • Jan 19, 2018 12:43am Jan 19, 2018 12:43am
Quoting pipbeastfx
{quote} Use EquityStop and Total Equity Risk Yes in your example if you use 0.4 mean when your negative balance reach -20 EA will not open trade and also close the trade If the open negative balance increase the -20. This depend with the how many risk you like to give to the EA to make daily target
Hy and sorry for question... but i don't understand this point... so if i reach -20 in equity Ea closes all open order and start a new session or what?
Thanks
Regards
  • #231
  • Jan 19, 2018 12:51am Jan 19, 2018 12:51am
Quoting bazze
{image}
do i Need to Setup somewhere else or indicator for News to be shown? Show News is set to true but it's not showing anything.

many thanks
  • #232
  • Jan 19, 2018 1:18am Jan 19, 2018 1:18am
Hello everyone,

I started demo-testing this very promising EA, some details:
IcMarkts, 1:500, 5000£ deposit, default setting, EURSUD

Now i set it up last night at around 10pm and this morning it was already 24£ in positive, and this morning i added UsdJpy and ChfJpy

I added a trading explorer but i can figure how to put it here

https://www.forexfactory.com/fabio.g#acct.67
  • #233
  • Jan 19, 2018 1:22am Jan 19, 2018 1:22am
Quoting fabio.g
Hello everyone, I started demo-testing this very promising EA, some details: IcMarkts, 1:500, 5000£ deposit, default setting, EURSUD Now i set it up last night at around 10pm and this morning it was already 24£ in positive, and this morning i added UsdJpy and ChfJpy
Fibo.g For 5000$ account recommend is trading one pair only.
  • #234
  • Jan 19, 2018 1:22am Jan 19, 2018 1:22am
Quoting brahem
{quote} do i Need to Setup somewhere else or indicator for News to be shown? Show News is set to true but it's not showing anything. many thanks

Brahem currecnty news filter not working. will update it on next update
  • #235
  • Jan 19, 2018 1:26am Jan 19, 2018 1:26am
Quoting pipbeastfx
{quote} Fibo.g For 5000$ account recommend is trading one pair only.
thanks for reminding my that, I will let it run as it is, i can always add money to the demo at any time,

one question should i set the time zone shift?
  • #236
  • Jan 19, 2018 2:23am Jan 19, 2018 2:23am
Quoting pipbeastfx
{quote} Use EquityStop and Total Equity Risk Yes in your example if you use 0.4 mean when your negative balance reach -20 EA will not open trade and also close the trade If the open negative balance increase the -20. This depend with the how many risk you like to give to the EA to make daily target
Hi Pipbeast, thanks for the EA and all the work you have done.

Some questions on how the EA works with regards to the 'TotalEquityRisk' setting

 

  1. Is this value a % amount. ie the default is set to 20 does that mean 20%? eg a Account of $10 000 if its 20 = $2000
  2. Is the setting valid per currency or is it a total amount. So if I have three currencies running and the total for all the currencies added together exceed the limit does it close all the trades . or does each pair need to exceed the limit individually to have the EA close the trades?

I think a useful feature would be an option that if the limit is exceeded and all the trades are closed the EA is turned off and you need to restart it manually. So it automatically doesnt start trading again. This would avoid you getting caught out a number of times in a big trend.
You can wait till it starts to balance out again before turning it on.

  • #237
  • Jan 19, 2018 2:23am Jan 19, 2018 2:23am
Seems that max lot size has some problem or maybe i don't understand right it's meaning... In my backtest i've put it at 1lot but EA do not open accordanly whit it...
Waiting to understand... stop to backtesting just forward...
Thanks
Regards
  • #238
  • Jan 19, 2018 2:50am Jan 19, 2018 2:50am
Quoting cescof
Seems that max lot size has some problem or maybe i don't understand right it's meaning... In my backtest i've put it at 1lot but EA do not open accordanly whit it... Waiting to understand... stop to backtesting just forward... Thanks Regards

cescof Max Lot Mean Maximum allowed lot size of each trading Strategy .there are three trading stage running with the EA . If automatically calculated lot size is larger than the MaxLots, the MaxLots will be used for the next each trade until accumulated lot size of open trades reaches to “Lots Limit In Total”
  • #239
  • Jan 19, 2018 2:59am Jan 19, 2018 2:59am
Hi,
Pls see attached statement for EURUSD
Attached File(s)
File Type: xlsx Pipbeast EURUSD.xlsx   39 KB | 334 downloads
  • #240
  • Jan 19, 2018 3:01am Jan 19, 2018 3:01am
Quoting mavilakandy
Hi, Pls see attached statement for EURUSD {file}
Thanks mavilakandy (https://www.forexfactory.com/mavilakandy) for sharing the Details report. which Broker are you using.
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