Lets try to improve my profitable Grid Correction EA

Importent

Today we have a major news NFP. So all the people who using live accounts are advised to close all trades and EA before this News event. 3 and Half Hour from now.

For those who testing Demo. if you like to test how this handle on NFP you can use demo to test that. all traders are advised to close all trades on Friday.

And i will let you know when to start and when i will update the new version

Keep in touch

For those who trading live account PM me and i will give you all the help i can with live trading

Hi, I turned off the EA yesterday. Thanks
Think negative comments and take lessons learned. Do your work you will get good things .... Don't feel friend i am also getting expired message. I don't think badly because u did what you think like share this EA. So peoples are saying something but our focus is to achieve the goal only.
Do well friend... I support you any time. Ok

Hello, smart report. I started testing this EA 3 days ago on two demo accounts. Today i closed it before expiry and most important is data today. Tested on version 1.7.

First is 3 days stat. from AM broker. Used for EURUSD 5min. Settigns default but: UseEquityStop true, LotExponent 1.2, max lots 2, LotLimit 5.


Second is on Pepper broker. Used for NZDUSD, GBPAUD, GPBUSD, EURGBP all for 1M chart. Default settings.


I also make some test on tick data from dukas and with some settings have good result but with high dropdown.
I think this EA have some potential, but need to improve etc. when instrument stated trend.

Thanks

Thanks very much, what is the expiry date?

Before I forget, I think if we are a little bit choosy about market condition we trade in, it might help towards managing drawdown. For example, if someone trades EURUSD, there is usually no market news on this pair in the Asian trading time. Thus, volatility is reduced which favour ranging market condion that this EA requires. If we combine this with my previous post (940), it might greatly reduce drawdown, in my view though.

Hi everybody ,

This is my result from january 24th to yesterday, today i will not open.
setup: EurGbp , 5min , lots 0.01 L.E. 1.3 , TP: 50 ,

Thank you very much pipbeastfx this very good EA.

Sad, very sad that some peoples do what the do..i dont whant to explain anything, most of peoples dont realise how much hard work is on a make an EA, but this EA..its more than overs on this forum, and is for free..
I dont know what author mean by placed last version 1.7 when he say that this is extendet version, my english is bad, so i dont know what it mean, it have trial time to or not? whatever will be, i dont care, if it will be need to be payd for non trial vrsion, i will pay, and i dont care what over say here... i like how is work, and o know that when a person work in a made a good product it must be payd with somthing back.

end of week with the same settings..

Hi everyone
I´m doing a backtest with EG from 20160101 until today. 0,01 lots, everything default except lotsexp 1.1 It takes some time, It looks very good for 2016, will report when its ready. Spread is 10 (1 pip)
Best wishes

from 2018/01/17

default settings on Monday, Tuesday.
restrictive settings on Wednesday, Thursday, Friday.

restrictive settings are:
LoExponentrial --- 1.2
Max Lot --- 0.1
LimitLot in Total 3
But these last two, I think, are not important. The important one is LotExponential

Let's see today with NFP what happens. I will not stop the EA

I'm testing from 17 Jan on ic markets $3000 demo account
Lots 0.01
LotExponential 1.3

See details here
https://www.myfxbook.com/members/FXTMS/pipbeast/2393246

I also tried to play by changing the TF.
In some moments, for example when DD was growing during a trend, I increased the TF up to H1. The EA managed the orders well and closed everything in positive. This could be another idea to manage the EA during strong trends-
Greetings

hey guys !
i was a silent reader, learning from all the posts, trading demo the EA, so now here are my results so far
broker : Tickmill
pair: USDJPY/ EURUSD/ EURGBP
3 days from 11h to 17h GMT+1 30/01 31/01 01/02
deposit 500, 0.01 lot/take profit 10$/lotExpon 1.3/max lot 0.5


i trade this way, and the drawdown is just because my wife shut down the computer, so the take profit have not been triggered in the right time..otherwise it would have been triggered early so almost no drawdown.
despite this event, the EA recovered.

My advice would be this, set a VPS (like on amazon aws, free for 12 months), keep the settings i ve put , don t trade when big news like NFP , or trade when the market are slow ( the night for me in europe) and let the profit grows.

first month: deposit 500,lot 0.01 take profit 10$ by pair ( 3 pairs ) = 30$/day *5days = 150$ per week
150$/week*4 weeks = 600$ the 1st month

2nd month starts with 1100$ ( 600+500 ), lot 0.02, take profit 20$*3 pairs/day = 60$ *5 days = 300$/week = 1200$ for the 2nd month

the 3rd month starts with 2300$ (1100+1200) lot 0.04 take profit 40$*3pairs/day = 120$ *5 days = 600$/week = 3000$ for the 3rd month

the 4th month starts with 5300$ ( 2300+3000) lot 0.1 take profit 100$*3pairs/day= 300$*5 days = 1500$/week = 6000$ for the 4 month
etc etc...

ok this numbers are optimistics, but even if this EA has half the result, it can be insane!

the things to keep in head is to not be in rush, keep your time,small lot, small take profit and done for the day, rinse and repeat

For me, the EA doesn't need anything more, the timing was the last option needed.

sorry for the long post, hope it will help someone.

Pipbeast, you are doing such a great work, don t listen the haters and keep doing , you have the support of the vast majority of the people here!!

sorry for my bad english..

@pipbeastfx, I test the 1.8 version, when the US news was turn on, it auto shut down EA during Yellen speech and auto turn on the next morning(I am on Asia time) , but then the EA expire, so no more testing afterward. Just to let you know, that part works.

very nice results...especially the ratio gain to DD!

updated results .

And waiting for the NFP to hit the market , and see whats going to happen

am using a high risk lot size ( 0.03 ) on 3 pairs so half an hour to find out

Yeah very good EA. Thanks to pipbeastfx
I added EURUSD recently to the basket
I keep it running to test how it handles big news like NFP

very good ideas but dont forget to withdraw funds from time to time in order to trade afterwards with free money ! Moreover you my may consider start trading already in Asia/Tokio session by using Windows Task Scheduler...or EA's timimg feature

PS: BTW your English is much better then my French stay tuned!

I'm off since midday...please let us know about your experience with NFP...thx! Your Profit Factor is excellent!

How many millions of humans are watching the charts right now!!!!!!!!!!!

@ pipbeastfx

Been doing some testing and from what I see - perhaps there may be a better way to reduce DD than lowering the lot exponent. (sometimes this can actually work in reverse) The better way may be to lower the take profit level as we get into the progression. Perhaps you can code some input to lower the TP level after a given number of trades or after a given trade lot size. For example if we are starting with .01 and our multiplier is 1.5.....so we start with .01, then .02, then .03, then .05 and eventually we get to say .26 - if we could have an input that we could set at this level (or whatever level we choose) that would change the amount of profit expected from say 30 to 20, then if this take profit is missed, perhaps a setting where we could just go for break even on the next exponent at .38: This would allow for much less re-traceement and likely save potential melt downs while keeping the account running.

Just a thought

Edit: On further thinking perhaps a reduction in TP and break even could be triggered by the amount of free margin left - would be another way to do it and it would be dynamic with the account growth?