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Lets try to improve my profitable Grid Correction EA

  • #241
  • Jan 19, 2018 3:05am Jan 19, 2018 3:05am
Hello pipbeastfx,
Could you please explain the meaning of the following terms in the expert property;

Lot Exponent : 1.5
Max Lots : 5
Lot Limit_In Total : 25

Thanks in advance.
  • #242
  • Jan 19, 2018 3:06am Jan 19, 2018 3:06am
TradersWay
Only for demo account
  • #243
  • Jan 19, 2018 3:14am Jan 19, 2018 3:14am
Quoting pipbeastfx
{quote} 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”
Thnaks for answer... so in the case below max lot that i expected to have i 0.5 or not?

https://i.gyazo.com/453b9b566830a83a...dd044d6f95.png

but i have
https://i.gyazo.com/babe4147ad5e9d65...383ab310ad.png
  • #244
  • Jan 19, 2018 3:18am Jan 19, 2018 3:18am
Quoting mavilakandy
Hello pipbeastfx, Could you please explain the meaning of the following terms in the expert property; Lot Exponent : 1.5 Max Lots : 5 Lot Limit_In Total : 25 Thanks in advance.
This is how Lot Exponent work .If Lot Exponent is <= 1, the lot size of trade will be fixed at the initial lot size. If Lot Exponent is > 1, the lot size will be increased exponentially when the price moves against trading. The larger is the Lot Exponent , the faster is the lot size increment.

Lot limit In Total mean Maximum accumulated open trades’ lot size of three trading Strategies . If the accumulated lot size of the open trades is larger than
LotsLimitInTotal no more new trade will be open

Max Lot i have explain on above
  • #245
  • Jan 19, 2018 3:22am Jan 19, 2018 3:22am
Quoting pipbeastfx
{quote} This is how Lot Exponent work .If Lot Exponent is <= 1, the lot size of trade will be fixed at the initial lot size. If Lot Exponent is > 1, the lot size will be increased exponentially when the price moves against trading. The larger is the Lot Exponent , the faster is the lot size increment. Lot limit In Total mean Maximum accumulated open trades’ lot size of three trading Strategies . If the accumulated lot size of the open trades is larger than LotsLimitInTotal no more new trade will be open Max Lot i have explain on above
Thanks a lot for the explanation.
  • #246
  • Jan 19, 2018 4:34am Jan 19, 2018 4:34am
I started testing the original EA 3 days ago and it was performing superbly. However, there were instances that it would stop placing trades like this day. What may be the coz of the malfunction? Pls see attachment......
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  • #247
  • Jan 19, 2018 4:36am Jan 19, 2018 4:36am
Hello,
I've been doing backtesting since May 2017, EA lasted a few days due to high EU excursion for around 300 pips.

I tried to change some settings to solve the problem, but no change was profitable.

I also noticed that, although I had reduced the MaxLots and LotLimit_InTotal settings, the lots that the EA opened did not change.
Greetings
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  • #248
  • Jan 19, 2018 4:37am Jan 19, 2018 4:37am
Quoting fxenthusiast
I started testing the original EA 3 days ago and it was performing superbly. However, there were instances that it would stop placing trades like this day. What may be the coz of the malfunction? Pls see attachment...... {image}
In EA settings Close Friday make it False then EA will run normaly
  • #249
  • Jan 19, 2018 4:38am Jan 19, 2018 4:38am
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.

  • #250
  • Jan 19, 2018 4:49am Jan 19, 2018 4:49am
Thank you for sharing the new version of the EA, pipbeastfx. But, I will stick to the "old" one for some time, just to see. For now I'm very saticfied with the results using this version...
  • #251
  • Jan 19, 2018 5:02am Jan 19, 2018 5:02am
Irrelevant to the discussion ongoing , is there any advice on UK based broker with low spread for this EA..im using EXcapital , with 0.01 lot on EURGBP and USDJPY , the profits are as tiny due lo higher spreads
  • #252
  • Jan 19, 2018 6:04am Jan 19, 2018 6:04am
Hello,
another backtest June 2017.
EA was doing very well, then collapsed on EU, increased by 150 pips.
Because in the trend only opens sell orders.
We need to solve this problem, which I think is the curse of all the traders.
The EA will be perfect.

My question: is it possible?

Greetings and thanks for the work done.
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  • #253
  • Jan 19, 2018 6:15am Jan 19, 2018 6:15am
Just some feedback...

broker : FxPro UK
Acc size US 5000
Started the EA on Wednesday 17/01 at plus minus 11am
Lot size: Micro

Currencies traded : EURGBP and USDJPY ( Together)

The EA printed $600 up to now.
Will close before weekend starts.

The draw down at most were $160....

G
Never Ever Give Up!
  • #254
  • Jan 19, 2018 6:31am Jan 19, 2018 6:31am
Quoting Encorep202
Hello, another backtest June 2017. EA was doing very well, then collapsed on EU, increased by 150 pips. Because in the trend only opens sell orders. We need to solve this problem, which I think is the curse of all the traders. The EA will be perfect. My question: is it possible? Greetings and thanks for the work done. {image} {image}
Maybee......I do a test with IC market.....one pair eg, I think if we close trades when its -$20 we will newer loose a account, my test is since yestarday, lets see what happence for now +$20, one closing because -$20
  • #255
  • Jan 19, 2018 7:30am Jan 19, 2018 7:30am
Quoting Elovv
{quote} Maybee......I do a test with IC market.....one pair eg, I think if we close trades when its -$20 we will newer loose a account, my test is since yestarday, lets see what happence for now +$20, one closing because -$20
Hello,
same backtest of June 2017 but with 2% TotalEquityRisk.
The bill has resisted but closed the month in negative.
All tests with active TotalEquityRisk do not give positive results. Also August 2017, which with the default settings has doubled the account, using Equity Stop has closed in negative .. Quinti is unusable.

Greetings and thanks for the effort.
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  • #256
  • Edited 8:04am Jan 19, 2018 7:31am | Edited 8:04am
In my opinion you have to monitor the EA and once you have reached the goal (example 50 $) close mt4 and start the next day. Sometimes when we think there is a tendency it is necessary to close manually at a loss. Just my opinion.

Also good thing would be to withdraw the profits or move them to another account is to continue with the initial capital of each month

Greetings and thanks for the effort.
  • #257
  • Jan 19, 2018 8:06am Jan 19, 2018 8:06am
I have just tested the EA for approx. 8 hours on a live FXCM account, results were good
26 winners
7 losers
Trading EUR/GBP USD/JPY, all trades are closed now due to the weekend
I am looking forward to Monday when I can do further tests
Thank you pipbeastfx for providing us with this great EA.
  • #258
  • Jan 19, 2018 9:16am Jan 19, 2018 9:16am
Quoting Encorep202
{quote} Hello, same backtest of June 2017 but with 2% TotalEquityRisk. The bill has resisted but closed the month in negative. All tests with active TotalEquityRisk do not give positive results. Also August 2017, which with the default settings has doubled the account, using Equity Stop has closed in negative .. Quinti is unusable. Greetings and thanks for the effort. {image} {image}
Is it possible to calculate the number of times a pair goes above a certain level of drawdown?

For example take EURGBP (as this one performs the best) and calculate over a year how many times it goes above 10%, 5%, 2% etc.

If you know they rate that this happens at you can then set the optimum equity stop.

So if it goes above 2% once every three days 2% will be too low. If it goes above 10% only once a month then that would be a far better setting.
  • #259
  • Jan 19, 2018 9:24am Jan 19, 2018 9:24am
Today was a Busy day. Will check your questions and answer as much as i can. also i'm separately writing down all your questions and always add them to new update as necessary . i will always trying to give you the best and safest EA. so always your feed back daily result are very impotent.
  • #260
  • Jan 19, 2018 9:32am Jan 19, 2018 9:32am
Quoting Encorep202
In my opinion you have to monitor the EA and once you have reached the goal (example 50 $) close mt4 and start the next day. Sometimes when we think there is a tendency it is necessary to close manually at a loss. Just my opinion. Also good thing would be to withdraw the profits or move them to another account is to continue with the initial capital of each month Greetings and thanks for the effort.
Another idea is to look at the top 10 max drawdown amounts over a period of a year and then set the equity stop to be close to this amount.
Therefore if the account approach this limit it will represent an abnormal market condition and the EA should close and wait for you to manually restart.
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