Lets try to improve my profitable Grid Correction EA | Page 15 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #281
  • Jan 20, 2018 10:50am Jan 20, 2018 10:50am
Hi,
See attached latest statement for multiple currency pairs, sorted as per its trade size.
Though the profit is comparatively low, it seems EURGBP is more safe than other ccy pairs.
Attached File(s)
File Type: xlsx Pipbeast transactions.xlsx   147 KB | 300 downloads
  • #282
  • Jan 20, 2018 11:07am Jan 20, 2018 11:07am
Quoting abusaad412
Am running this EA for the past 36+- hours . with 0.03 ( and 2 pairs only ) Results looking nice {image}
Can you teach me how do you run the backtesting on EA as I been trying to run by default settings on the EA but nothing comes on chart.
Attached herewith backtesting settings:-
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  • #283
  • Jan 20, 2018 1:08pm Jan 20, 2018 1:08pm
Quoting hibra68
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>
I used LMFX last year and waited 6 weeks for a my final withdrawal.. it wasn't a pleasant process. Not using them anymore.

Thank you Pipbeastfx for this EA. I ran it yesterday for UJ & EG on a live account and made about $10 in total using 0.01. I closed it at the end of the day with about $3 loss. But for 2 hours, I increased it to 0.1 which I shouldn't have done.. the hedging first used multiple 0.34 lots then multiple 0.51 lots and got up to one 0.76 lot so my margin level % was getting close to being low.. closed all trades with slight loss since I risked getting margin called so I went back to 0.01.. lesson: don't be greedy.
  • #284
  • Jan 20, 2018 8:09pm Jan 20, 2018 8:09pm
Can someone on the forum who is good at math work out a table with lot sizes from 0.01 and the draw down in $ as price moves against us?
I've tried in excel, but failed miserably...
  • #285
  • Jan 20, 2018 8:16pm Jan 20, 2018 8:16pm
Pipbeastfx, can you please include some sort of price spike detection. If the current bar has moved X pips in X time, disable new trades? Basically it should stop adding new positions if price is in freefall.
  • #286
  • Jan 20, 2018 8:54pm Jan 20, 2018 8:54pm
Quoting Coder
Can someone on the forum who is good at math work out a table with lot sizes from 0.01 and the draw down in $ as price moves against us? I've tried in excel, but failed miserably...
Hi @Coder,
This may help - can adjust levels lot size increase grid size increase etc etc - think is reasonably accurate.
Cheers
maahome
Attached File(s)
File Type: xlsx Grid Calcs.xlsx   9 KB | 279 downloads
  • #287
  • Jan 20, 2018 9:32pm Jan 20, 2018 9:32pm
Quoting maahome
{quote} Hi @Coder, This may help - can adjust levels lot size increase grid size increase etc etc - think is reasonably accurate. Cheers maahome {file}
Perfect. Thanks very much!
  • #288
  • Jan 20, 2018 10:38pm Jan 20, 2018 10:38pm
Quoting Coder
Pipbeastfx, can you please include some sort of price spike detection. If the current bar has moved X pips in X time, disable new trades? Basically it should stop adding new positions if price is in freefall.

Will test your Idea Corder. will let you know how that effect
  • #289
  • Jan 20, 2018 11:05pm Jan 20, 2018 11:05pm
Quoting jasonckb
{quote} Hi All, I have the same idea in my own system. I use 10 EMA and 180 EMA (180 * 60 = 10800) cross in H1 when 10 above 180 long only while when 10 below 1801 short only. But for your hedging EA, you may consider to expand the grids in Sell when 10 is above 180 and vice versa for Long when 10 is below 180. With a wider grid, the ea is forced to be more conservative in a counter-trend and reduce the hurt.
Thanks Jasonckb. Will do some test running manually. and will let you know the feed back.
  • #290
  • Jan 20, 2018 11:09pm Jan 20, 2018 11:09pm
Quoting petewong052
{quote} Can you teach me how do you run the backtesting on EA as I been trying to run by default settings on the EA but nothing comes on chart. Attached herewith backtesting settings:- {image}
tray start and open chart , then should work
  • #291
  • Jan 20, 2018 11:12pm Jan 20, 2018 11:12pm
Also i'm testing new settings set with a newer version of the EA. will update soon.
  • #292
  • Jan 21, 2018 2:52am Jan 21, 2018 2:52am
Quoting renkotop
{quote} @jasonckb: Does your Analysis mean to trade only according Magic number 11111? I think so... Best regards, renkotop
@pibeastfx: is it possible to run only one Magic numer eg. 11111? Thanks for Reply, renkotop
  • #293
  • Jan 21, 2018 3:21am Jan 21, 2018 3:21am
Quoting pipbeastfx
Also i'm testing new settings set with a newer version of the EA. will update soon.
Hi Pipbeast

I think if you can make the following changes to the EA it will avoid taking excessive trades once it breaks out of a range and will only look to trade again in specific areas where the reversals are most likely to happen.
I know there areas from my time in the banks.

The institutions use the 150% . 200% , 300% etc extensions from the breakout of a range as take profit areas which could potentially turn into reversal points.
Please look through the following charts as I illustrate what I mean

The EA take the pivot high and low on an hourly timeframe should do its normal thing while its in trading within these two fractal points. When it breaks out say above it should then only look to sell at the 150% with the takeout / close all trade point just above the 100% (ie the top of the previous range which will / could become an S/R level).
If that fails the next point it should short is the 200% with the takeout at either the 175% (more conservative) or 150% (more aggressive)

Once the trade closes out then a new pivot high low bracket is drawn and the process repeats

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  • #294
  • Jan 21, 2018 3:31am Jan 21, 2018 3:31am
Some more examples

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  • #295
  • Jan 21, 2018 5:38am Jan 21, 2018 5:38am
Quoting renkotop
{quote} @pibeastfx: is it possible to run only one Magic numer eg. 11111? Thanks for Reply, renkotop
Yes renco you can run only one magic number. You mean running multiple pairs or sigle pair
  • #296
  • Jan 21, 2018 6:34am Jan 21, 2018 6:34am
Pipbeast can you add option for ea to close the trades when the total DD reaches a certain number, example
-$100?
  • #297
  • Jan 21, 2018 6:40am Jan 21, 2018 6:40am
Quoting pipbeastfx
{quote} Yes renco you can run only one magic number. You mean running multiple pairs or sigle pair
@pipbeastfx: thanks
  • #298
  • Jan 21, 2018 8:34am Jan 21, 2018 8:34am
Quoting pipbeastfx
{quote} Yes renco you can run only one magic number. You mean running multiple pairs or sigle pair
If EA run on only ASIAN TIME what outcome will come?
  • #299
  • Jan 21, 2018 9:09am Jan 21, 2018 9:09am
Quoting GiantGonads
{quote} Hi Pipbeast I think if you can make the following changes to the EA it will avoid taking excessive trades once it breaks out of a range and will only look to trade again in specific areas where the reversals are most likely to happen. I know there areas from my time in the banks. The institutions use the 150% . 200% , 300% etc extensions from the breakout of a range as take profit areas which could potentially turn into reversal points. Please look through the following charts as I illustrate what I mean The EA take the pivot high and low...

GiantGonads Fist of all. as the way you explain this. you must be very experience Trader and Glad to have you on Board here.. This is a Perfect Idea to include. I will study this more and also if i need more details i will contact you
  • #300
  • Jan 21, 2018 9:21am Jan 21, 2018 9:21am

Update


This is the New Update of the EA.

Here i have Update the Equity Stop more advanced. Now You can trade set the Equity stop when EA running and As soon as EA reach the Given Equity EA will close All Orders and Stop Trading for 1 Hour time and after one hour EA will automatically start trading again.


Also Make some Changes with the Max lot Function. now you can control the Max lot


Also Thanks For the Support By all active members


From Monday you can Back test Forward and test and Live test the New version and give me a Feed back what to modify and what features to add


Attached File(s)
File Type: ex4 Pipbeast 1.6.ex4   166 KB | 423 downloads







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