Lets try to improve my profitable Grid Correction EA

I am sure there will be more phenomenal ideas, but when it comes to SL and TP, you should also think about Trailing Stop. This is a great article, maybe it can give more ideas https://www.forexfactory.com/showthread.php?t=236002
Btw: I think for sure there shall be at least an option for automated exit...
EDIT: I have seen this recovery strategy some time ago, maybe it is interesting in managing the exit https://www.mql5.com/en/forum/1844 (https://www.mql5.com/en/forum/184476)

have the same success in all parities

today ea has stopped working

Set the open Monday true in settings

Come on Guys i need more of your feed back and ideas about hedging exit. Because when its coded ots hard to recode again. So i need your more ideas and what you like here

it i true and setting are same which i shared. i think my operating system has some errors. i will refresh my windows and then i will check.

pipbeastfx give me your email i had two hedging robots. they were for +10000 usd accounts. i have stopped them because i have low balance accounts. they are hedging robots. give me ur email i will send u u can check their code, if u like

sorry there are 3. and 2 russian made and 1 usa

or should i share them in thread. i am not willing to share in thread because if anybody uses them he can get non recoverable loss.

Thanks khattak. But don’t share other EAs here. Lot of people using this tread and people can use it in Small accounts. Thats what not those EAs build for. So lets make this EA great

again thanks for the details

Very usefull information Andrew. Thanks

In mean time i share first backtest with very conservative settings for AUDCAD last 13 month just to see max DD and gain.
Is 15tf 99% data and spread set to 25....
Regards
https://i.gyazo.com/d0ca9e5336557b08...36544f1da1.png

This is great work cescof you tested different pair this is what we needed. We all know how long it take to test 13 month data. We all apriciate your work thanks

What is all the settings about monster/ogre/animal. It looks like a trailing stop system?

I have little experience when it comes to this topic but this is another EA which uses a hedging method to recover losses: https://docs.google.com/document/d/130Z696yM-6xK97WCjjmkl4EDzlsBTVizQ7MxHYPhue8/mobilebasic

That's exactly what I meant in my posts 632/635
Thank you

Does anyone know why the EA stops taking trades? My settings don't have dailyTarget set to true.
My last trade was at 0945hrs. As you can see today I made $50, yesterday I made exactly $50 as well.

It is almost as if the dailyTarget is set to 'true'. Maybe there is a bug?

John There is a little bug on daily profit button. Tru and false button don't work. you set the Daily profit to 50$ thats why it's stop trading. because i believe you make 50$ profit. Just set it to max number then Ea will start trading again. This bug will be fix in next update

hi, i testet this EA for a week, and i found it very usefull for short period of time.
I understand you traders, that you whant to put EA, and let it run for a long period, 1,2,3 years, or for all your live, and to earn a lot of money-)), but..sudenly.there no exist holly gral, and EA will fail on a long period. Forget about automated trading without human intervention.You looking for wrong rules of using EA, this is what are doing 90% of traders.
so what i found good on this ea?
when version with tp in dollar come, i sayd that this is it the solution..and....and its work!
Ea dont need anything new to be addet, meaby just buttons on chart for open close and start ea, and to be clean from some bugs. In rest it have all condition to make for you from 1 to 90% profit from account per month..all depend in what happen on the market and if there are some red news(news what can start or change the trend), or the pair what must be trade is in a trend in the moment when you whant to activate it..
So, how to use it correctly!
Account 5k dol
start lot 0.1(yes 0.10 lots and not 0.01)
daily traget in dolars(true) -100 dol
rest of settings use them in defoult mode.
3 pairs for trading EG, EU,UJ
trading hour after london open market(10.00 oclok +2gtm)
Open mt4 after this hour, and look on those pairs, i dont have time to teach you how to understand what is hapen with a pair every day, i mean is in trend or range market..in this forum exist a lot o trend systems, starting from H4, who will teach you to understand that.
so after london market open, you take the most flat 2 pairs, and activate EA on it. In 2-4 hours it will close for you 100$ every pair in part.
thats it..you done it for the day, no more trading those 2 pairs in that day, if the pair number 3 its good for you, you can trade it too, after first two pairs end.
Then next day, start again the same thinks, but no more than 3 daily tp hit on 3 pairs, what mean no more than 100$ per day from one pair.
and do it every day in the same way..+200/300$ in poket from 5k account, or 20/30$ from 500$ acc.
With 500 dol account, start lot 0.01...
In the end of the week you will be up at 20%, in the end of the month you can calculatet by yourself.
you can trade initial 0.2 lot too, so it will hit tp quiqer than with 0.1 lot, but with more drowdown.. but bealive it will close the day in profit for you, every time..
Why you tray to take all the movement(and night hours too) from the market in your poket, with risk that trend will kill your account, when you can manualy manage it(just manualy trading management can have succes, remeber this), and take some profits and run from the market, to enjoy your live.
i hope this message will change the direction of this thread in the right way...alll what you tray now to do,hedging, catch trend,etc, it will not help, forget about automatic trading, without human management.

Again roller-coaster ride today on 52k demo account with 6 pairs startlot 0.01 default settings, nothing for weak nerves, bad boy this time EURCHF:



Happy pipping, jdva