Lets try to improve my profitable Grid Correction EA | Page 22 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #421
  • Jan 24, 2018 5:28am Jan 24, 2018 5:28am
Quoting fabio.g
{quote} Hello, How would you identify the trend? I have played around with the hedge concept, and yes it is true bigger is the hedge quicker the chance to get out on top, but you also run the risk to take the hedge at the very top of the move resulting in getting into negative very quickly.

There are many different ways to identify the trend... maybe the easier one could be check how many PIPs in negative the basket is at the moment (meaning it is against the trend). Checking the % drawdown is also a good option - maybe the best. This can be associated to other indicators, but from a hedging standpoint it may not be necessary.

You're right with your comment about getting the hedge enabled on the top of the trend and then seeing it reversing and lose the account as a result... that's why I am suggesting an 'insurance hedge', which is a hedge against the original one in case the trend reverses. These reversals would usually fluctuate up and down hence these hedge orders would both save the account and help get out of the losing basket a lot faster.

Thanks,

Marcos
  • #422
  • Jan 24, 2018 5:41am Jan 24, 2018 5:41am
Quoting marshi
Anyone know how exactly this strategy work so we can know what we see are bugs or correct execution? Thanks in advance!
I'd like to echo this request... please add some details on the EA logic so that we can all contribute more effectively on logic changes, as well as test for bugs as mentioned above... this will surely help to get this great EA to its next level.

Cheers,

Marcos
  • #423
  • Jan 24, 2018 6:11am Jan 24, 2018 6:11am
Quoting deN.
Hi Pipbeastfx and all fellow traders Looks like your EA based on old good Ilan Hilo. I saw (about year ago) custom version in action. Main difference was: EA works on two linked pairs simultaneously using delta (divergence/convergence of 2 pairs) indicator for minimize drawdown in time of strong trend. Would not you be so kind to explain what does it mean "Grid Correction" in fact?

This is an interesting idea. Could you diagram how this would work?

Would you select two pairs that are highly positively or negatively correlated?
  • #424
  • Jan 24, 2018 6:16am Jan 24, 2018 6:16am
Quoting mjhermes
{quote} There are many different ways to identify the trend... maybe the easier one could be check how many PIPs in negative the basket is at the moment (meaning it is against the trend). Checking the % drawdown is also a good option - maybe the best. This can be associated to other indicators, but from a hedging standpoint it may not be necessary. You're right with your comment about getting the hedge enabled on the top of the trend and then seeing it reversing and lose the account as a result... that's why I am suggesting an 'insurance hedge',...
My take is more indicators you get into the system slower the calculations are so you are going to loose valuable points. as far as the drawdown, i have played with that too as well as hedging the hedge. Also the hedge only really works if you have a big deposit so you can allow for some movement.

Of this is my experience, maybe you come up with a good strategy, which of course it could be implemented, but i would say only as an option.

I have 3 demos, running on this ea, different pairs, all default setting apart the daily TP, in 2 of them i use 15$ and in one 50$.

lets see in a couple of months
  • #425
  • Jan 24, 2018 6:27am Jan 24, 2018 6:27am
Quoting fxenthusiast
I'm testing right now ver 1.7 on GBPAUD which has also superb performance as I observed it. Testing started 0603H (GMT+9) and continuous up to now starting with a balance of 420 US dollars. Now it has a running profit of 48 dollars. The exhibited biggest drawdown is 270 dollars. . .However, may friend who started testing ver 1.7 also this morning on EURUSD experienced only a drawdown of less than 20 dollars and it is in profit of 28 dollars..... what may seem to be the coz of the difference in the drawdown? Thank you Pipbeast for the EA. {image}...

The EA stopped taking trades 3 hours ago.....what seems to be the reason?
  • #426
  • Jan 24, 2018 6:42am Jan 24, 2018 6:42am
Quoting GiantGonads
{quote} This is an interesting idea. Could you diagram how this would work? Would you select two pairs that are highly positively or negatively correlated?
Cointegrated, not correlated. But without difficult cointegration tests, as ADF, Johansen, etc. Just analyzing spread between two pairs, likely linked via same currency (ex. EURUSD ~ GBPUSD, AUDCHF ~ AUDJPY), for building co-relative grid between two pairs.

Pipbeast remind me this idea. I'm trying code z-score indy on mql4 right now for this purpose.
  • #427
  • Edited 7:06am Jan 24, 2018 6:45am | Edited 7:06am
Hi,
just for instance: i would also suggest to have spread surveillance in the EA, so when spread of a particular currency pair gets to high, it pauses trading here. I use raktuten sec., they have good spreads most off time but not fixed.
Btw: Is there already a manual circulating as pipbeastfx stated post to make?!
Check page 1 for all infos...
  • #428
  • Jan 24, 2018 6:48am Jan 24, 2018 6:48am
Quoting fxenthusiast
{quote} The EA stopped taking trades 3 hours ago.....what seems to be the reason?
Mine did to...maybe news related?
  • #429
  • Jan 24, 2018 7:26am Jan 24, 2018 7:26am
Not a great start... Here are my settings
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  • #430
  • Jan 24, 2018 7:47am Jan 24, 2018 7:47am
Please add info like image.
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  • #431
  • Jan 24, 2018 7:49am Jan 24, 2018 7:49am
Quoting johnsmith2nd
Not a great start... Here are my settings {image} {image}
for the deposit you are using 15% equity stop is very small. it is a grid system you need to allow some drawdown. also i would use a daily stop of 15$ max, this ea makes profit very rapidly, so till your deposit is at least 5k, i would try to go small. by the look of your stats, it appears that you hit the equity stop, which 210$ over 1400$.

a general rule is that an account should make 5% a month, which means 0.2% a day, and that if you run one pair.
  • #432
  • Jan 24, 2018 7:55am Jan 24, 2018 7:55am
Test with ver. 1.7 on EU
Beginning June 2017
Balance 5000 €
Default settings except Daily Target set to 100
In 5 months it tripled but, inexorably, it blew up.
With any setting and any capital the account will be reset.
A strong trend can not be sustained.
Greetings
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  • #433
  • Jan 24, 2018 8:02am Jan 24, 2018 8:02am
Quoting Encorep202
Test with ver. 1.7 on EU Beginning June 2017 Balance 5000 € Default settings except Daily Target set to 100 In 5 months it tripled but, inexorably, it blew up. With any setting and any capital the account will be reset. A strong trend can not be sustained. Greetings {image}
@encorep202: I made the same experience and I have no idea to avoid the account blows up.
One idea would probably be to reduce the MAXlot??? Colud you please run strategy tester for us.
  • #434
  • Jan 24, 2018 8:04am Jan 24, 2018 8:04am
FYI.....I'm not sure if anyone has done this but , open a new chart (just use default template) of AUDNZD, AUDCAD, NZDCAD, EURGBP, EURCHF, USDJPY ...........click the Daily, zoom out all the way and you will see the range bound pair
Git r Dun
  • #435
  • Jan 24, 2018 8:09am Jan 24, 2018 8:09am
Quoting renkotop
{quote} @encorep202: I made the same experience and I have no idea to avoid the account blows up. One idea would probably be to reduce the MAXlot??? Colud you please run strategy tester for us.
I have already tried. We will reduce the gain and the bill will explode before.
I'm sorry but I think there is no solution unless you have a few million dollars.
  • #436
  • Jan 24, 2018 8:52am Jan 24, 2018 8:52am
Quoting Encorep202
{quote} I have already tried. We will reduce the gain and the bill will explode before. I'm sorry but I think there is no solution unless you have a few million dollars.
try with higher pip step don't be greedy
and by the way this ea is not new, many try this strategy before and fails by relying just on the pip step and without a manual intervention, "human brain and knowledge are priceless"

an old example ( https://www.mql5.com/en/forum/180512 )

good luck
  • #437
  • Jan 24, 2018 9:00am Jan 24, 2018 9:00am
Quoting Encorep202
{quote} I have already tried. We will reduce the gain and the bill will explode before. I'm sorry but I think there is no solution unless you have a few million dollars.
@encorep202: right, as aresult we should have 1 Million EURO or we should decide not to use this ea....
  • #438
  • Jan 24, 2018 9:10am Jan 24, 2018 9:10am
I understand people here are freaking out about the large loss overnight...there was news on the GBP last night so I shut mine off glad I did
what I am going to do is only let it trade after news and during the slow time of the day...on my $500 live account yesterday trading 3 pairs I made $136.00
you need to understand even a golden goose shits once in a while
  • #439
  • Jan 24, 2018 9:31am Jan 24, 2018 9:31am
Quoting pipster59
I understand people here are freaking out about the large loss overnight...there was news on the GBP last night so I shut mine off glad I did what I am going to do is only let it trade after news and during the slow time of the day...on my $500 live account yesterday trading 3 pairs I made $136.00 you need to understand even a golden goose shits once in a while
Your right. Do you use it on what timeframe?
  • #440
  • Jan 24, 2018 9:58am Jan 24, 2018 9:58am
When i read today post. I see some traders are afraid of the some draw down. This is Grid system so you need to have some draw down to make som profit. There is no holly grill in forex. Here we all trading forex because we like to take a risk. And main important thing is not the strategy we use. Important thing is managing our money with the risk. You cannot make profit from each single pip market moves. We need to balance the trade to gain our equity. Thats why i added some management option to EA such as daily target. Equity stop time delay. So when you trading you need to focus on these too. This is automated system thats right. But that doesn’t mean human brain do not need to invloe. Think out side the box. And try to gain little by little. As one memebet said until you gain some equity do not increase lot size. Don’t be greedy. Use the minimum lot size 0.01 and if you have small account you can set the lot exponent to smaller eg 1.3 and also controle max lot and lot limit. These are the hey fetures. Don’t run the EA on multiple pairs until you understand the EA completly.

Also when price is trending matter how long price goes with trend. When price doing a small 10 pip correction EA can close all open trades with profit.it need only 10 pip reversal to close all trade with profit. Thats what most of the time happen when price is correcting.

As i said before we are doing one month demo and with all your ideas. Im also updating the EA. Thats why we are a team. And we need crazy market condition during our one month period. We need dangerous market like never before when we arw demoing. So we can get tuff. And be ready for anything. And This EA will make you milloners one day.

Many of you ask about explanation of options. Will post that soon. Was busy with work. When i get free you will have that. So you can Play with some options.

also when you do back testing some times thata not fully acurate. Because we focus on major news and we close the EA on that time. Thats what we can’t do in back testing. Live testing is the best way we can come up with risk management ideas
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