Lets try to improve my profitable Grid Correction EA | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Grid - New indicator that replaces chart grid 60 replies

Lets try something new CUT OFF DATE 5 replies

Grid, Burst Grid, Grid Risk and Grid Profit 1 reply

Ok, Lets do it - Developing a Highly Profitable System 147 replies

Attachments: Lets try to improve my profitable Grid Correction EA
Exit Attachments

Lets try to improve my profitable Grid Correction EA

  • #621
  • Jan 28, 2018 7:31pm Jan 28, 2018 7:31pm
Quoting bmcgowra
{quote} There are different ways to hedge. Here is 1 example. Dont really know if these are good ideas and how to integrate them into this EA though. 1. 1 lot buy order, drawdown 50 pips At 50 pips drawdown execute a 1.2 lot sell order diff is now 0.2 sell lots This stops further drawdowns and slowly recovers losses if market keeps falling. You can wait for the market to fall further and the hedge sell will equal the buy order. 2. Say you are -50 pips. Hedge the position like above. If position moves back direction profit, close the hedge at say...
Thanks bmcgowra what is the Exit strategy for the Number one.
  • #622
  • Jan 28, 2018 7:33pm Jan 28, 2018 7:33pm
Quoting petewong052
{quote} Hi pipbeastfx, First of all thank you so much for sharing such fantastic EA with us. I just have a couple questions concerning the Total Equity Risk control which need your clarification. Does it cover all the trades that I have taken regardless of the EA involvement or it would just specifically address to the CCY pair that I have trade using the EA? What happen when I set my Equity Risk differently if I trade more than 1 CCY pair under this EA? Would it also take into consideration of all the open trades that are causing drawdown? I understand...

Hello petewong052 Equity stop work with the account balance. So i recommend do not run manual trading for the account you run the EA. IF you run more than one pair you need to increase the Equity stop . because Equity stop work with the account balance. and current open position of the trading account
  • #623
  • Jan 28, 2018 7:35pm Jan 28, 2018 7:35pm
Quoting Encorep202
{quote} I was thinking more or less about the same thing. Create a Virtual Equity stop that activates at -50 pips without closing the positions and opening a lot as you say to stop the DD. I think Pipsbeastfx can implement it for testing.

Yes Encorep i can code this option. This is a Big work. That's why I getting Ideas and feed back from members. Also can you explain about the Exit strategy. when do you guys think best way to exit from the Hedge. This is the Main impotent thing
  • #624
  • Jan 28, 2018 7:40pm Jan 28, 2018 7:40pm
Quoting Coder
I've been thinking about how to stay out of trending markets, and I think I've worked out a way. Have a look at the below chart. The indicator at the bottom is a currency strength indicator. Download it from here: https://www.forexfactory.com/showthread.php?t=481576 Each day, check the currency strength indicator on the daily chart and only use the EA when the currency is ranging within the middle band. Today the EURGBP is within the middle band, so I will trade the EA. It's pretty obvious when you should be in and out of this market....

Coder This is Kind of Nice Filter that we consider about. Great Idea Mate....
  • #625
  • Jan 28, 2018 7:47pm Jan 28, 2018 7:47pm

Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading

  • #626
  • Jan 28, 2018 8:08pm Jan 28, 2018 8:08pm
  • #627
  • Jan 28, 2018 10:27pm Jan 28, 2018 10:27pm
Quoting marshi
{quote} Did you enable auto trading?
Thanks dear, i was not aware, dunno how it was suddenly disable. problem solved now.
  • #628
  • Edited 12:49am Jan 29, 2018 12:15am | Edited 12:49am
Quoting pipbeastfx
{quote} Thanks bmcgowra what is the Exit strategy for the Number one.
The exit strategy could be the second part. The close of the hedge is at -30 instead of -50. This gives you a loss. Or at -40 of the original trade. You want to avoid continues opening and closing of the hedge trade and give it room.

The exit strategy is what I always struggled with. Maybe others have ideas regarding the exit strategy?
  • #629
  • Jan 29, 2018 12:16am Jan 29, 2018 12:16am
Quoting pipbeastfx
Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading
Great work!
  • #630
  • Jan 29, 2018 12:23am Jan 29, 2018 12:23am
Quoting pipbeastfx
Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading
Great work bro, keep it up
  • #631
  • Jan 29, 2018 1:57am Jan 29, 2018 1:57am
Quoting pipbeastfx
Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading
I am looking forward to it. Thanks for all the hard work!
  • #632
  • Edited 2:39am Jan 29, 2018 2:11am | Edited 2:39am
E
Quoting pipbeastfx
{quote} Yes Encorep i can code this option. This is a Big work. That's why I getting Ideas and feed back from members. Also can you explain about the Exit strategy. when do you guys think best way to exit from the Hedge. This is the Main impotent thing
I think that using the Virtual Equity Stop, being an emergency protection, could be closed

- when the profit of the operations in progress is zero.

- Or, leave traders options to close at a n earnings pips.

- Or, the EA logic is kept in mind taking into account the great coverage lot.

- Or, close everything to a percentage of loss related to the daily income.
For example, if I earn $ 100 a day, I would closed the Virtua Equity Stop at 50% (therefore at a loss) of the daily gain. I will have lost $ 50 with the V.E.S. but I still have 50 $ of gain. The choice of the percentage of loss of the ESR must be decided by the trader according to his propensity to risk.
Personally I would use the last option.

Obviously if activating the VES and the market still runs against us we would be in the poop.
For this reason, once the VES is activated, we should close the operation in progress as soon as possible even at a loss to protect the daily gain.

Of course we must test this idea, hoping not to take much time from Pipbeasfx in coding. This is why we need to first understand theoretically if it can work. Everyone needs help.

I hope my english is understandable

Thank you all for the effort

edit: I must say that the idea was from bmcgowra to post 609.
Also I think that MaxLot and LotLimi In Total does not have to be very high for not having the VES with an extremely large lot
  • #633
  • Edited 5:39am Jan 29, 2018 2:15am | Edited 5:39am
Quoting petewong052
Guys today I realised the EA isn't working at all when I try load it to the chart with the sad face showing up right corner. Can somebody tell me what happened? I have checked on the DLL box.
There is another DLL import box in the general settings of the mt4 you have to click on. Of course you have to switch auto trading on...
Edit: Strange, on my Rakuten Account EA is working, on my pepperstone mt4 it refuses to load on the chart at all... Any suggestions why?!
And: Maybe someone interests, you can monitor equity balance live at the chart https://www.mql5.com/en/code/13242
Attached Image
Check page 1 for all infos...
  • #634
  • Jan 29, 2018 2:47am Jan 29, 2018 2:47am
Quoting pipbeastfx
Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading
Thanks Pipbeast.

Another function I think would be very useful is to have a button that tell the programme to not take any new orders and to set itself so that it closes all current orders for a breakeven / profit.
This could be worked into the Daily Profit Target. Currently when the daily target is achieved it just closes out all open trades even through they could be at a loss.
When the daily target is hit the EA should set an order to close out all open orders for a breakeven amount.
Boxing clever since 76.
  • #635
  • Edited 4:28am Jan 29, 2018 4:15am | Edited 4:28am
I noticed that the EA at some point, when the price takes a precise direction, only opens orders against the trend.
Perhaps this is dictated by the indicators that he uses.
It would be perhaps the case that at this juncture a hedge can be activated which, as can be seen from the graph, would have closed in gain.
Why in a trend are there only orders that are contrary to it?
Then explain this logic?
Why not continue to open orders according to the trend?
If there had been a hedge, activating the V.E.S., even if not in a condition of extreme emergency, the operations would still be closed in gain.

edit: perhaps a possible answer could be that it would nullify the logic of the AE bringing it into a loop that can not close the orders in gain.
MATHEMATICS is now needed here.
Now just post otherwise the brain melts.
Attached Image (click to enlarge)
Click to Enlarge Name: Capertura.JPG Size: 153 KB
  • #636
  • Jan 29, 2018 4:55am Jan 29, 2018 4:55am
Quoting pipbeastfx
Dear PipBeast members Currently i'm working on a Big update. It's Hard working Lot of Thinking And Lot of Coding. And This will Give You Lot Of Confidence and This will be answers to your Most of the Question. Will Try to Complete the Work withing This week With the Big Update. Let's Make Pipbeast as the Best Beast Ever Build for Auto trading
hi pipbeast,
I think is a good idea to displace the particular floating profit/loss in the currency chart.
It will be more easy for trader to use "close all" function.


Thank you for your effort.
  • #637
  • Jan 29, 2018 5:29am Jan 29, 2018 5:29am
I would like to have a Daily Target function working on the whole basket if trading multi pairs. I have a separate DailyTarget EA but it does not work properly...
I never lose - either I win or I learn...
  • #638
  • Jan 29, 2018 5:40am Jan 29, 2018 5:40am
today ea is not working .......................it has not put even a single lot till now. i think pipbeast is doing some kind of work on the ea
  • #639
  • Jan 29, 2018 5:55am Jan 29, 2018 5:55am
Quoting jdva
I would like to have a Daily Target function working on the whole basket if trading multi pairs. I have a separate DailyTarget EA but it does not work properly...
try this it works
Attached File(s)
File Type: mq4 Close All OPEN orders after SET AccPROFIT EA.mq4   3 KB | 254 downloads
  • #640
  • Jan 29, 2018 6:18am Jan 29, 2018 6:18am
Traders. I need your Ideas about Exit strategy on Hedging.

This is One of Our great members Idea i'm thinking bring this to action. About Hedging As a Example Lets say Current open trade position of EUR GBP is - 200$ So we can code this to set the certain amount by the traders as 100$ 200$ or etc. So as soon as this open trade amount reach EA start Hedging from the same lot size as previous total trades. then there will be only Floating loss of 200$. No matter how high or low market moves. What i need your Idea is for to Exit. How you think about the Exit. When you think best way to exit from the Hedge. This is the Impotent part. and this cannot be code again and again. so we need to come up with the Best idea here. How to exit from the Hedge. do you guys think Manually Exit would be OK . or do you like to EA to Set SL or TP for the Hedge

Think hard and this is the one of Big Turning point. If we make this right. even 500$ account can trade using the EA with stranded lot size . We have a Good pipbeast Family Here with Lot of experience traders. so guys come up with the best Theory
0 traders viewing now