Lets try to improve my profitable Grid Correction EA | Page 29 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #561
  • Jan 26, 2018 8:30pm Jan 26, 2018 8:30pm
Quoting cescof
I'm doing some backtest.. and i'have always the same request if it's possible... I think could be useful an equity sl in $ and not just in %. This because if i want take under control my hard sl for each pair, if i use % and i start from 5k, using 20% it's 1.000$, but when equity change i've always to change %value manually... Thanks for effort... Regards
Ok Dear. I will think of this with the next major update. Always like to get feedback and suggestions.
  • #562
  • Jan 26, 2018 8:31pm Jan 26, 2018 8:31pm
Quoting copi88
{quote} Getting some errors in the EA message box. Noticed it wasnt placing trades up in the red box. expecting some shorts there. {image}
Dear copi88 which settings you are using for this chart
  • #563
  • Jan 26, 2018 8:33pm Jan 26, 2018 8:33pm
Quoting stormtrader
{quote} a weeks trading on a real acc. starting at 565. ending up at 812...not bad just some times it s using up almost all margin available. maximum drawdown was 90 euro. not bad had 2 pairs going at the same time. started with 3 but it couldnt handle it. overall very encouraging. Thumbs up to you and kudos pipbeast {image}

Thanks Stormtrader.. You are always doing Great. which settings you are using for this set up
  • #564
  • Jan 27, 2018 1:04am Jan 27, 2018 1:04am
Quoting stormtrader
{quote} a weeks trading on a real acc. starting at 565. ending up at 812...not bad just some times it s using up almost all margin available. maximum drawdown was 90 euro. not bad had 2 pairs going at the same time. started with 3 but it couldnt handle it. overall very encouraging. Thumbs up to you and kudos pipbeast {image}
could you let us know the pairs and your settings, please?
  • #565
  • Jan 27, 2018 1:19am Jan 27, 2018 1:19am
HI pipbeastfx,

Thank you very much for your EA. This is awesome and I am regular reader of your thread although it is my first post. I wanted to test it before i say something about it. on 1000 dollar account I test it with your recommended setting. With in 7 days my account balance is now 2700 dollar with two pairs. Risk is very high and that's why I have tested it with different settings on different accounts. The best setting according to my observation and test results:
Time frame 15 min
Lots 0.02 or 0.01
Lot Exponent 1.3
Take Profit 50 (5 pips)
By applying this setting your risk will be reduced and it is even working in trending market.
I applied this setting last night on EURJPY and market was in a trend that time. And my max lot size gone to only 0.06 with starting lot size of 0.02.
Profit = 58$ in last 9 hours on EURJPY. Draw down reduced to 0.47%. And winning %age is 86.2%(50 out of 58 trades are in profit)
I am attaching Detailed report in Excel, Filter only EURJPY because others trades are not relevant. I have applied indicator on EURJPY with 15 min time frame. I Think on 15min time frame and with TP of 50(5pips) the number of trades become less and also EA has enough time to adjust it position (My opinion). Please try this on demo. Thanks again for your generosity to share this EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 215 KB
Attached File(s)
File Type: xlsx IC DetailedStatement..xlsx   23 KB | 258 downloads
  • #566
  • Jan 27, 2018 3:01am Jan 27, 2018 3:01am
Quoting pipbeastfx
{quote} Thanks Stormtrader.. You are always doing Great. which settings you are using for this set up
Well the settings are left untouched but i never trade just one pair at a time. eurjpy and usdjpy at the same time was tested so far. i believe that using multiple pairs reduces the risk of being caught in a huge spike or trend on just one pair...that way i moderate losses in case it occurs and give the chance to the EA to make money at the same time it might be caught off guard in one of the pairs. i plan on adding capital to this in a month or so. if it keeps performing even the half of what it is doing now. this would be an amazing basket EA.
Also i have noticed that even though it is using more than 50% of the capital, the draw down is not so bad...i ve had it go to max 15%
scary to some but when you have an EA that can cover that in a day then that is not an issue for me. Live big!
Cheers all!
  • #567
  • Jan 27, 2018 3:07am Jan 27, 2018 3:07am
We really need a news spike filter.

AUDCAD average 1 minute bar size is less than 10 pips high. News comes out and the price spikes. We don't want to add any new trades against the trend. It blows the account.
For example: If 1 minute bar size > X pips, don't add new trades...

This will prevent adding to a bad situation and may just save the account.
  • #568
  • Jan 27, 2018 3:37am Jan 27, 2018 3:37am
my week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 98 KB
  • #569
  • Jan 27, 2018 4:53am Jan 27, 2018 4:53am
Hi,
just as suggestion - add a flat trend filter. That means, only trade when trend is flat, not when trend is on.
Attached File(s)
File Type: mq4 flattrend_v2.mq4   4 KB | 366 downloads

Then back & forward test with filter on/off to see which performs better.
[get to know more flat trend indis https://www.forexfactory.com/showthread.php?p=10711721#post10711721
Check page 1 for all infos...
  • #570
  • Jan 27, 2018 6:54am Jan 27, 2018 6:54am
Hi
i am trying to give my contribute too, backtesting the ea but when i put it in the strategy tester i have this problem "close at stop".
I understand that it is due to the small balance but also with a balance of 5000 $, when it reaches 4900$ it stops the test. Why?
thx in advance
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.GIF Size: 75 KB
  • #571
  • Jan 27, 2018 8:52am Jan 27, 2018 8:52am
just over 48 hours on three pairs
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD_H1_2018-1-27_07-37-06.png Size: 20 KB
Git r Dun
  • #572
  • Jan 27, 2018 9:20am Jan 27, 2018 9:20am
Quoting Zaheerkhan
HI pipbeastfx, Thank you very much for your EA. This is awesome and I am regular reader of your thread although it is my first post. I wanted to test it before i say something about it. on 1000 dollar account I test it with your recommended setting. With in 7 days my account balance is now 2700 dollar with two pairs. Risk is very high and that's why I have tested it with different settings on different accounts. The best setting according to my observation and test results: Time frame 15 min Lots 0.02 or 0.01 Lot Exponent 1.3 Take Profit 50 (5 pips)...

Zaheerkhan Glad to have this kind of Nice explanation and Testing on the EA. This will also help lot to Other users. Thanks for the Details Explanation
  • #573
  • Jan 27, 2018 10:42am Jan 27, 2018 10:42am
First time I am back-testing and EA, and its amazing, Thanks pipbeastfx.
USD/JPY for 2mts (JULY-SEPT) -2017 - 15min TF
I will continue using TF
Attached Image (click to enlarge)
Click to Enlarge Name: 15min u_j.gif Size: 20 KB
  • #574
  • Jan 27, 2018 1:33pm Jan 27, 2018 1:33pm
Hello traders,

Can someone please explain what's the reason for the failures at the end of your strategy test results? I believe they happen because of the closes at stops. So does not that mean if we close our positions we will face with huge losses no matter how much we gained till that time? In TroyDiane's example, he gained lots of money but at the end his capital diminished from 14000 to as low as 600 dollars when he closed all positions at the end. He had many many losing positions open and we see them as soon as we close all the positions.

If that is not the case, what is the reason of those failures at the end? Thanks in advance.
There are no weapons that will form against my financial prosperity.
  • #575
  • Jan 27, 2018 1:43pm Jan 27, 2018 1:43pm
Quoting birpinar
Hello traders, Can someone please explain what's the reason for the failures at the end of your strategy test results? I believe they happen because of the closes at stops. So does not that mean if we close our positions we will face with huge losses no matter how much we gained till that time? In TroyDiane's example, he gained lots of money but at the end his capital diminished from 14000 to as low as 600 dollars when he closed all positions at the end. He had many many losing positions open and we see them as soon as we close all the positions....
the cause is the martingale progression system used by the EA that will kill your account one day in a strong trend.
  • #576
  • Jan 27, 2018 2:10pm Jan 27, 2018 2:10pm
Quoting Encorep202
{quote} the cause is the martingale progression system used by the EA that will kill your account one day in a strong trend.
Wouldn't that Total Equity Risk settings do any help when strong trend or spikes came in?
  • #577
  • Edited 2:47pm Jan 27, 2018 2:31pm | Edited 2:47pm
Quoting Encorep202
{quote} the cause is the martingale progression system used by the EA that will kill your account one day in a strong trend.
So, Encorep, that means I am right and this is no good at the end but people still are very amazed with the success of EA although there is a bankrupt at the end?

Pipbeastfx do you really beleive that will be a solution to close all the trades before one hour to the major news?
If I do not have a loss before the news, It's pretty good to close and be flat before the news but what will I do If I already have a huge drawdown just before the news? Will I still close the positions and kill my account myself or wait for the news to kill my account or wait for the news hoping it will make the market move in my favor? Does not that sound you like a gambling?

I am not saying this EA is not good it earns money 80% of the time( consolidation periods) but what's the aim if there is a big chance to lose all your account at the end when we get caught a strong trend?
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As for a suggestion for the development of that issue:

Trading time period option in which I could give the EA a trading deadline (For example from 2 Am Monday to 3 pm Wednesday) so it calculates timing and close all the trades till the dead line calculating a minimum loss or maximum profit level.
By this way, İf someone has his own way to determine condolidation periods, he can set the EA run at that time period and earn his/her money (or lose some small amount) and then stops trading automatically.
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I know it's not a solution for everyone but it is a solution for more experienced traders who are luckier than than the others just because they are more prepared than the others.

At the end, without the knowledge of differing trends from consolidations, that EA will not work, but if you are prepared enough to determine if market is in consolidation or in trend, you have a huge chance to win with this wonderful EA.
There are no weapons that will form against my financial prosperity.
  • #578
  • Jan 27, 2018 2:34pm Jan 27, 2018 2:34pm
Quoting Encorep202
my week. {image}
Hello,

Good !

Real or Demo?

What Pairs?

What sets?
  • #579
  • Jan 27, 2018 2:43pm Jan 27, 2018 2:43pm
Quoting petewong052
{quote} Wouldn't that Total Equity Risk settings do any help when strong trend or spikes came in?
In a martingale system, open orders move in a directly proportional relationship.
the gain is directly proportional to the loss: the more you are at a loss, the more you can earn.
so, is my opinion, using an Equity Stop can only limit earnings up to the margin call in a trend that lasts several days. The difference is only that it will prolong your agony.
My tests gave similar results: margin call with both Equity stop and without.
I have no solutions for this, but I will continue to do my tests for the community.
I hope my bad english is understandable.
Greetings
  • #580
  • Jan 27, 2018 2:47pm Jan 27, 2018 2:47pm
Quoting LuizSchiavi
{quote} Hello, Good ! Real or Demo? What Pairs? What sets?
Demo
EU EG
default settings
lot 0,01
initial balance around 3500
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