Lets try to improve my profitable Grid Correction EA | Page 23 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #441
  • Jan 24, 2018 10:18am Jan 24, 2018 10:18am
this morning I was in 5 sells on the EURGBP...I was thinking that it would keep dropping and I started to over think this
but after reading pipbeastfx's last message I left it alone...THIS SOFTWARE IS GENIUS !!!! it closed out all 5 as winners

He is absolutely correct in his last email guys...this is trading...the reason your all here is your loosing trades and this does better than you

there will always be risk...if you don't like it DONT TRADE

best of luck to all
  • #442
  • Jan 24, 2018 10:19am Jan 24, 2018 10:19am
Quoting pipbeastfx
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...
ABSOLUTELY CORRECT
  • #443
  • Jan 24, 2018 10:23am Jan 24, 2018 10:23am
Quoting pipbeastfx
{quote} Yes its normal. And also minus 46$ mean not a large drawdown. You cannot make money witout risking some. How is your trade now. I guess now some of them hit the TP
thanks for the feedback. I was worry that it will keep increasing the drawdown. As of now i dunno yet how the trades outcome as i gone to work leaving the EA continue running in demo. Only can check by eod.
One quick query, can this EA perform as good in longer timeframe?
  • #445
  • Jan 24, 2018 10:35am Jan 24, 2018 10:35am
Quoting pipbeastfx
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...
I'm dedicating my time to collaborate by doing tests
I do not want to make controversy is just to understand.
If you talk about courage: why did you then cancel your Trade Explorers with high DD?
Sorry again.
Thank you
  • #446
  • Jan 24, 2018 10:59am Jan 24, 2018 10:59am
Huge gain lol

Running the first EA posted But using a selective 3 pairs with a good broker
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 199 KB
  • #447
  • Jan 24, 2018 11:02am Jan 24, 2018 11:02am
Hi. Nice ea, I have suggestions:
Can you add to trading at selected times?
In the settings, enter the time to start, e.g.
Start ea: 9:00
End of ea: 14:00
  • #448
  • Jan 24, 2018 11:03am Jan 24, 2018 11:03am
Quoting abusaad412
Huge gain lol Running the first EA posted But using a selective 3 pairs with a good broker {image}
Care to share your pairs and what settings you are using?
  • #449
  • Jan 24, 2018 11:07am Jan 24, 2018 11:07am
Once EURGBP broke out the range, I turned the EA off and then turned it back on again when it got to my reversal zones.
So I suffered a drawdown but it wasnt too much and then got back in the right area for the reversal.

Turned it back on in the 1st blue box, turned if off again when it failed to rally and then turned it on again in the second blue box.

Attached Image (click to enlarge)
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  • #450
  • Jan 24, 2018 11:10am Jan 24, 2018 11:10am
Quoting johnsmith2nd
{quote} Care to share your pairs and what settings you are using?

Sure mate - And already did in one of my updated posts -

EURGBP \ USDJPY \ EURCHF

0.03

For the EA settings its all default except : lot size = 0.03 \ running time = 24 hours none stop
  • #451
  • Jan 24, 2018 11:15am Jan 24, 2018 11:15am
Quoting pipbeastfx
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.
Yes you actually want it to do some drawdown as thats when it makes money.

Could I put in two requests please:

Button on the chart for the following:

  1. Close all trades
  2. Long Only
  3. Short Only

Thanks

  • #452
  • Jan 24, 2018 11:21am Jan 24, 2018 11:21am
Why I am asking about a Long or Short Only button is when it gets to the reversal areas I dont want some trades left abandoned at the top or bottom

So now on this down move I have two sell trades at the bottom when I would have liked the EA to only take long trades when I turned it back on

Attached Image (click to enlarge)
Click to Enlarge Name: T3Sof0R.png Size: 16 KB
  • #453
  • Jan 24, 2018 11:42am Jan 24, 2018 11:42am
Hello pipbeastfx,
I think it would be good if we have option to fix trade timings daily - Monday to Friday.
It is more safe if trades are started when Asia opens and closed before New York opens. (Let the timings decided by each individuals).
Your support is highly appreciated.
Regards,
  • #454
  • Jan 24, 2018 11:44am Jan 24, 2018 11:44am
Quoting GiantGonads
Why I am asking about a Long or Short Only button is when it gets to the reversal areas I dont want some trades left abandoned at the top or bottom So now on this down move I have two sell trades at the bottom when I would have liked the EA to only take long trades when I turned it back on {image}
awaiting implementation could use the setting along the expert
Attached Image (click to enlarge)
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  • #455
  • Jan 24, 2018 11:52am Jan 24, 2018 11:52am
Quoting Encorep202
{quote} awaiting implementation could use the setting along the expert {image}
Yes thanks, I am aware of that, but I am not sure if the EA actually works when that is changed.
I have asked but never got a response.
  • #456
  • Jan 24, 2018 12:16pm Jan 24, 2018 12:16pm
Quoting mavilakandy
Hello pipbeastfx, I think it would be good if we have option to fix trade timings daily - Monday to Friday. It is more safe if trades are started when Asia opens and closed before New York opens. (Let the timings decided by each individuals). Your support is highly appreciated. Regards,
The problem with this is that you almost definitely be left with a negative open position at the end of your trading session which will then get automatically closed off for a loss.
  • #457
  • Jan 24, 2018 12:29pm Jan 24, 2018 12:29pm
I assume, the open positions will not get closed. At the same time, no new positions will be opened.
That is the current situation in the EA for Friday. After 17 hours no new trades are taken place and open positions are kept as it is.
  • #458
  • Jan 24, 2018 1:22pm Jan 24, 2018 1:22pm
First version of Pipbeast, default settings, IC market demo +19% since monday 180115 default settings
This is my best result, I am testing ver 1.4 and 1.7 but not so good result
Which version and settings in Your trade explorer?
You live in a lovely contry, been there one time, love it
Best wishes
  • #459
  • Jan 24, 2018 1:32pm Jan 24, 2018 1:32pm
Admiral Markets - 1: 500 - spread around 1.7 pips - runs since 15.01.18 - default settings - first version - has been lucky three times
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBPM5.png Size: 113 KB
  • #460
  • Jan 24, 2018 7:10pm Jan 24, 2018 7:10pm
This is my Wednesdays 24hr results trading with 1.7
Trades 242
losses 97
Wins 145
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