Lets try to improve my profitable Grid Correction EA | Page 37 | Forex Factory

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Lets try to improve my profitable Grid Correction EA

  • #721
  • Jan 30, 2018 4:54am Jan 30, 2018 4:54am
Quoting luca5594
{quote} This is my statement for today settings are: Daily target: True Daily targetUSD: 20 Equity stop: true Total equity risk: 20 Lots: 0.01 Lot exponent: 1.1 MaxLots: 0.08 Lot limit: 0.08 Take profit 25 {image}
Luca This is Great Thinking of you. This is what we called managing the Risk according to your account balance. You start small and sure the way you think you will be a great trader one day. again nice balance of the settings
  • #722
  • Jan 30, 2018 4:59am Jan 30, 2018 4:59am
Quoting pipbeastfx
I need some feed back about the fixed time trading. let me know how would you need this Option one. Set start and End time for the Day. and When the Stop Time comes and we have open positions Do you guys need to close all open trades by EA or You need to stop the EA and keep the open position until the TP Hit Or if you need the both option i can add that to EA and you can choose it as a option Let me know your Choices about this once uploaded cannot change this again
Pipbeastfx, it would be very nice to have these options working on a basket of pairs/charts in the account, not just for a single pair. Currently I'm using a DayTarget EA for that but unfortunately your EA opens new positions again after day TP hit. Actually new positions should be opened only on next trading day.

thanks, jdva
I never lose - either I win or I learn...
  • #723
  • Jan 30, 2018 5:08am Jan 30, 2018 5:08am
So another big move by the volatile GBPUSD, still finished in profit

Attached Image (click to enlarge)
Click to Enlarge Name: 300 pip move.png Size: 47 KB
  • #724
  • Jan 30, 2018 5:15am Jan 30, 2018 5:15am
Quoting pipbeastfx
{quote} Luca This is Great Thinking of you. This is what we called managing the Risk according to your account balance. You start small and sure the way you think you will be a great trader one day. again nice balance of the settings
Here's what I think is crucial.
When a pair the EA has traded is deep in (before DD gets even worse), we need the option to automatically enter a hedged trade so that the net position is zeroed and then after some time (another variable we set say like 60 min) we can remove the hedge. I have been doing this manually and it could be automated.

Just my 2c
  • #725
  • Jan 30, 2018 5:23am Jan 30, 2018 5:23am
Two days 29-30

2 pairs: EU - EG
Lot: 0.01
Default settings

Near the margin call of the EG with 10 lots open
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 95 KB
  • #726
  • Jan 30, 2018 5:28am Jan 30, 2018 5:28am
Quoting jdva
Day target 200 EUR achieved in less than 8 hours... {image} Happy trading, jdva
jdva: where can I get the indicator showing a trade report like the one you show in this post?
Git r Dun
  • #727
  • Jan 30, 2018 5:30am Jan 30, 2018 5:30am
Quoting pgr45za
{quote} Here's what I think is crucial. When a pair the EA has traded is deep in (before DD gets even worse), we need the option to automatically enter a hedged trade so that the net position is zeroed and then after some time (another variable we set say like 60 min) we can remove the hedge. I have been doing this manually and it could be automated. Just my 2c



Dear can you explain a bit about what you doing manually with some example
  • #728
  • Jan 30, 2018 6:01am Jan 30, 2018 6:01am
Quoting trade649
{quote} jdva: where can I get the indicator showing a trade report like the one you show in this post?
Please look here: https://www.forexfactory.com/showthread.php?t=713593&page=122
I never lose - either I win or I learn...
  • #729
  • Jan 30, 2018 6:03am Jan 30, 2018 6:03am
Quoting pipbeastfx
{quote} Dear can you explain a bit about what you doing manually with some example
For example: GU is running higher now. Imagine the EA is short, it will run into DD.
My suggestion is that, instead of opening longs at a specific interval of pips, we have the option to hedge the sum of all shorts opened by the EA when the DD reaches a certain dollar value. Then, the option to hold this hedge for X minutes, after which it disappears and we allow the EA to continue as before.
  • #730
  • Jan 30, 2018 6:11am Jan 30, 2018 6:11am
Quoting pipbeastfx
{quote} Dear can you explain a bit about what you doing manually with some example
Another element that is crucial is that the pip space (between trades) should not be constant - it ought to be greater the more trades there are, and it out to be linked to the pair's ADR (20 day average).

For example:

0.01
0.02 opened 10 pips after
0.03 opened 20 pips after the previous one
0.04 opened 40 pips after etc

One thing I'd also like is a sequential martingale instead of an exponential one (much safer to use a sequence like 0.01, 0.02, 0.03, ... than 0.01, 0.02, 0.04, 0.08, 0.16, etc)

Food for thought
  • #731
  • Jan 30, 2018 6:12am Jan 30, 2018 6:12am
Quoting pipbeastfx
{quote} Dear can you explain a bit about what you doing manually with some example
On my version of the EA, I see it opens three trades: Ogre, Monster and I forget the other one.
How are these different and can we just use one?

Thanks
  • #732
  • Jan 30, 2018 6:15am Jan 30, 2018 6:15am
Quoting pipbeastfx
{quote} Dear can you explain a bit about what you doing manually with some example
final contribution:

I think that martingales work best with one of two settings, either

a) ranging markets (CCI or RSI within bounds are good candidates to filter these)

or

b) parabolic moves: a pair that moves exponentially will fall just as quick, so we can make $ on that if we time it right. My option here would be to start the EA when a trailing stop of ZZ% off the parabolic move triggers
  • #733
  • Jan 30, 2018 7:00am Jan 30, 2018 7:00am
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....
Hi guys,
we all know that no matter how discipline we create the functions of an EA, if we hit the wrong currency-pair at the wrong time we most probably will face some draw-down, and no one knows how deep it theoretically will go.
So -before entering- viewing the possibility of choosing right currency pairs at the right time, as coder has suggested, is a very important thing. I have tried the indi he shared to determine not trending currency pairs, and I think this way the EA (basket) could choose the best promising currencies and most profitable set-ups.
Of course changing core funtionality of exit-strategy is important. But are you sure we have choosen the best by now when it comes to diversified entry?! Of course each one is free to decide manually, it would be just awesome if the EA could even determine it on his own (). But I understand if this is too much asked for at the moment... maybe in future.
Check page 1 for all infos...
  • #734
  • Jan 30, 2018 7:10am Jan 30, 2018 7:10am
Hi All,
This is my results since 26/01 till date no loss. Set file ....attached



Bomi
Attached File(s)
File Type: docx No loss.docx   431 KB | 366 downloads
  • #735
  • Jan 30, 2018 7:20am Jan 30, 2018 7:20am
Quoting jdva
{quote} Please look here: https://www.forexfactory.com/showthread.php?t=713593&page=122
Thx
Git r Dun
  • #736
  • Jan 30, 2018 7:25am Jan 30, 2018 7:25am
OK 11 days running the sweet EA None stop 3 pairs 0.03

100% >>> i will increase the lot size on Friday 0.04 and see where it will go
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 195 KB
  • #737
  • Jan 30, 2018 7:41am Jan 30, 2018 7:41am
Look at my EUR/GBP below... I had 20% equity sl and Ea stop all orders with 1000$ loss...without sl it could be a gain..
So it's really difficult find the right way or better only way seems to have large account and no fear...
Waiting for update for new backtests ...
Thanks
Regards
https://i.gyazo.com/e93068fec4897785...67866ad912.png
  • #738
  • Jan 30, 2018 7:45am Jan 30, 2018 7:45am
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....
You're right at 100%
I use oscillators to detect a lack of trend
And as soon as a trend begins I close the EA at a small loss
Thus avoiding a high negative situation in a trend
For example, this oscillator can be operated on a 15-minute and once the trend starts closing.
It will be very helpful to put this into the EA settings
  • #739
  • Jan 30, 2018 7:52am Jan 30, 2018 7:52am
Quoting marshi
{quote} DLL function calls are not allowed in the MT4 VPS.
Hi, since you have some experience in that... are you using pivps for an EA already?! Asking because I visited their site, and they are not commited to Forex-VPS; I would like to kno if they have low lattency or not.
Edit: Ok, I found what I need. Seems they have quite low lattency, 5-10ms.
Check page 1 for all infos...
  • #740
  • Jan 30, 2018 7:53am Jan 30, 2018 7:53am
Dear Traders,
See attached statement of trades through two brokers, for EURGBP, started same time and closed same time.
But the result is TOTALLY DIFFERENT.
The parameters are same for both, except one broker leverage of 1:500 and the other broker has leverage of 1:1000.

The parameters were:
Lot = 0.01
LotExponent = 1.1
MaxLots = 0.1
LotLimit_in Total = 1.0

I think, the problem will be solved if we can find a solution for this issue.
Please go through the statement and suggest what we can do.

Regards,
Attached File(s)
File Type: xlsx Trade analysis of two brokers.xlsx   23 KB | 252 downloads
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