Lets try to improve my profitable Grid Correction EA | Page 27 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #521
  • Jan 26, 2018 2:54am Jan 26, 2018 2:54am
Quoting marshi
Would like to report a third day in a row profit for this EA. Will continue to test. Please note that I am only testing for 6 hours each day as I do not have access to a VPS to run 24 by 7.
Why not leave computer on? My laptop remains on 24/5. No issues. Then install TeamViewer on computer and smartphone and you can remotely control pc. Job done.
  • #522
  • Jan 26, 2018 3:47am Jan 26, 2018 3:47am
Quoting bgntrs
{quote} Why is there is no linear scale to the lot increments? There is even one trade halfway through opened at 1.95 lots, you're asking for trouble at that point.
It is because, when the Free Margin is negative and equity is almost zero, I have started closing the trades manually. But that did not help.
  • #523
  • Edited 5:31am Jan 26, 2018 4:08am | Edited 5:31am
Hi guys,
as we know the EA is gaining most of its losses during very trendful periods, so I think it is good when we concentrate on which indicator(s) are best for showing trends / avoiding them. Just a thought... isn't for example Bollinger Bands always being touched at their bands when candles are expontentially increasing, or are there other indicators who show dynamic growth in a stable way?! Does someone know? [Surveillance of exponential growth of bars or maybe even MTF strenght/trends]
Or as I have read in this thread on first pages, restrict the EA to trade when a defined % of loss has occured, then let it mainly trade again only into opposite direction (like system of recovery)
Attached Image (click to enlarge)
Click to Enlarge Name: bb range.PNG Size: 46 KB

For example the Awesome Oscillator showing momentum or breakout bars by Mikko
Attached File(s)
File Type: mq4 mikko_breakout_bar.mq4   2 KB | 320 downloads
Check page 1 for all infos...
  • #524
  • Jan 26, 2018 4:23am Jan 26, 2018 4:23am
Hello again,

See attached statement of transactions for 5 currency pairs.
The settings were:

Equity stops: true (20.0)
Lot size : 0.01
Lot Exponent : 1.2
Max Lot: 0.5
Lot Limit in total : 1.0

But today at 9.42, (I assume) since the price was trending, all trades were closed automatically, including the pairs which was not trending. I am not able to understand the actual reason behind in it. Probably, it is due to Max Lot or Limit in total have exceeded the set value. Someone who is good in these calculations, please help to find the actual reason for it.
Thanks
Attached File(s)
File Type: xlsx Analysis 26-Jan (r).xlsx   73 KB | 200 downloads
  • #525
  • Jan 26, 2018 4:40am Jan 26, 2018 4:40am
Quoting pipbeastfx
{quote} Recomand lot settings for 5000$ account is 0.01 as the minimum lot size. If you use 0.03 then every thing will be three times larger. Please use 0.01 as the lot size. Also recommended pair is EUR GBP at the beginning
I have been playing around with this EA, thanks Pipbeast.
Its good and I think if you actively manage it it can work, you are never going to be able to avoid the trends, but you will be able to manage them more effectively if the EA had the following buttons on the screen

-Turn On /Off (for just that currency pair)
-Long Only
-Short Only
Boxing clever since 76.
  • #526
  • Jan 26, 2018 4:50am Jan 26, 2018 4:50am
This is a very smart EA, it seems to work very nice though im not a fan of hedging or martingale but i think an Hard-Stop should always be on the chart to avoid a wipe out from big news.
Therefore i'd like to ask how these two variables exactly work:
1) TotalEquityRisk (Should i just put the amount of the max risk in USD? So if i want to risk max 500$ on all open trades i put 500?)
2) LotExponent (How this variable is used to calculate the raise in lots during next trades?)

I've been testing this EA on EURGBP, 2 days so far and this is the statement of yesterday (previous day was pretty much similar result)
Attached File(s)
File Type: xlsx EURGBP_25-01-18.xlsx   13 KB | 414 downloads
  • #527
  • Jan 26, 2018 5:33am Jan 26, 2018 5:33am
Quoting jojofx
This is a very smart EA, it seems to work very nice though im not a fan of hedging or martingale but i think an Hard-Stop should always be on the chart to avoid a wipe out from big news. Therefore i'd like to ask how these two variables exactly work: 1) TotalEquityRisk (Should i just put the amount of the max risk in USD? So if i want to risk max 500$ on all open trades i put 500?) 2) LotExponent (How this variable is used to calculate the raise in lots during next trades?) I've been testing this EA on EURGBP, 2 days so far and this is the statement...

Thanks jojofx

Total Equity Risk you need to put as % from your account balance

Lot exponent mean If LotExponent is <= 1, the lot size of trade will be fixed at the initial lot size. If LotExponent is > 1, the lot size will be increased exponentially when the price moves against trading
  • #528
  • Jan 26, 2018 5:48am Jan 26, 2018 5:48am
Quoting pipbeastfx
{quote} Can you Post a Screen shot of your EA settings and Your chart . Did you Check the Dll Import and Allow live trading
Quess What,
I got this morning and turn on my computer, open the MT$ platform and the EA open three trades. Yes, i check the Dll Import and allow live trading.
Thank you for your reply, I appreciate it. Looking forward of being part of the group.
Blessing
Troy
  • #529
  • Jan 26, 2018 5:54am Jan 26, 2018 5:54am
Quoting joneepom
Thursdays report, Only traded for about 14 hrs with version 1.7, auto trade set to true, Daily target 200, Max lots down to 0.02 everything else default, Total Trades 530 losses 152 Wins 378 so at the moment everything is going along nicely
Hi joneepom,
first of all thak you for your daily update. Please let me ask you two questions before I go on a live test next week.
Like you I am sure the most reliable test can be on a live account.

Now please let me know:
1. started with max lot 0.02 from the beginning or did you change it later?
2. the number of trades is accumulated in the daily results, right?

Thanks for your answers and happy pips
  • #530
  • Jan 26, 2018 6:20am Jan 26, 2018 6:20am
@pipbeastfx: If a currency starts to get in a trend it would help to activate the News filter Feature. Do you know, if it is possible to avtivate this Feature. I guess it would reduce great draw downs. What do you think about this idea? Thanks for your Information, renkotop
  • #531
  • Jan 26, 2018 6:33am Jan 26, 2018 6:33am
Quoting AndrewBa-
Hi guys, as we know the EA is gaining most of its losses during very trendful periods, so I think it is good when we concentrate on which indicator(s) are best for showing trends / avoiding them. Just a thought... isn't for example Bollinger Bands always being touched at their bands when candles are expontentially increasing, or are there other indicators who show dynamic growth in a stable way?! Does someone know? [Surveillance of exponential growth of bars or maybe even MTF strenght/trends] Or as I have read in this thread on first pages, restrict...
That's an excellent idea.
  • #532
  • Jan 26, 2018 6:35am Jan 26, 2018 6:35am
Quoting pgr45za
{quote} That's an excellent idea.

Hi
See 12EMA and 72EMA. Its best for trending market.

Thankx
  • #533
  • Jan 26, 2018 7:00am Jan 26, 2018 7:00am
Hi pipbeastfx,

please look at my (default) settings on the panel, especially at MaxLots=5... assuming per single pair (?). However looking at my TradeInfo on lower right corner you may see that altogether 84 (!) lots has been traded today on that AU pair. Any idea why?

Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 89 KB


Happy trading, jdva
I never lose - either I win or I learn...
  • #534
  • Jan 26, 2018 7:48am Jan 26, 2018 7:48am
Quoting jdva
Hi pipbeastfx, please look at my (default) settings on the panel, especially at MaxLots=5... assuming per single pair (?). However looking at my TradeInfo on lower right corner you may see that altogether 84 (!) lots has been traded today on that AU pair. Any idea why? {image} Happy trading, jdva
Hello Jdva.. Max lot is valid only for the Open trade. it's not calculate the close position lot size on previous trades. also you can control the trading lot Total with Lot limit in Total .
  • #535
  • Jan 26, 2018 7:49am Jan 26, 2018 7:49am
Quoting renkotop
@pipbeastfx: If a currency starts to get in a trend it would help to activate the News filter Feature. Do you know, if it is possible to avtivate this Feature. I guess it would reduce great draw downs. What do you think about this idea? Thanks for your Information, renkotop
Renko can you explain this bit more Dear
  • #536
  • Jan 26, 2018 8:23am Jan 26, 2018 8:23am
Hi,
i was wondering, what is the criteria the EA uses to take a trade in the opposite direction?. Lets say its taking short trades and price moves in the opposite direction (up), how many pips does it has to go up before the EA takes a buy trade?
Thanks
  • #537
  • Jan 26, 2018 8:25am Jan 26, 2018 8:25am

How is your Trading Week. Can you share your Weekly Trade Summary.



As a Example I have attached a Summary Screen shot of 2018-01-15 - 2018-01-26

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 30 KB



  • #538
  • Jan 26, 2018 8:35am Jan 26, 2018 8:35am
survived another 170 pip move on GBPUSD

might be better idea to use pairs with only moderate ADR

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #539
  • Jan 26, 2018 8:43am Jan 26, 2018 8:43am
Quoting pipbeastfx
{quote} Hello Jdva.. Max lot is valid only for the Open trade. it's not calculate the close position lot size on previous trades. also you can control the trading lot Total with Lot limit in Total .
thanks for response...what exactly does mean Lot Limit in Total (Max. lots for all open trades in account?)

How can I control max. number of trades on a single pair?

Thx, jdva
I never lose - either I win or I learn...
  • #540
  • Jan 26, 2018 9:33am Jan 26, 2018 9:33am
Do I now close the open trades or do I let them run?

2018-01-15 - 2018-01-26
Attached Image (click to enlarge)
Click to Enlarge Name: beast.jpg.PNG Size: 55 KB
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