{quote} One could certainly do what you have said. The way that I am doing it so far has netted a positive return for each grid so I will continue to forward test it this way.
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so you base your closing trade just by a certain drawdown of the opposite position? how do you know that it will not go deeper on the opposite position once you close the profit grid? for me this is just the same as trading naked and the EA will have no edge.
{quote} so you base your closing trade just by a certain drawdown of the opposite position? how do you know that it will not go deeper on the opposite position once you close the profit grid? for me this is just the same as trading naked and the EA will have no edge.
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I have my profit target set for each grid (shown in the previous images). I will open a new grid when I see the EA closed out a profitable grid (rinse & repeat). I will simply stop trading the grids if the overall account falls below 30% of my initial balance otherwise I will continue to trade the grids targeting 100% or more gain in the account(s). I am risking 30% of the account to make 100% or more simply put. I am forward testing this pair to determine if there is an edge trading this way.
{quote} I have my profit target set for each grid (shown in the previous images). I will open a new grid when I see the EA closed out a profitable grid (rinse & repeat). I will simply stop trading the grids if the overall account falls below 30% of my initial balance otherwise I will continue to trade the grids targeting 100% or more gain in the account(s). I am risking 30% of the account to make 100% or more simply put. I am forward testing this pair to determine if there is an edge trading this way.
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It's an interesting strategy. My question is, how do you cover the gap if for example the price spikes and then you rinse the buy grid and then somehow the price stuck in the middle between buy and sell grid while the interest rate slowly increases for holding both position?
{quote} It's an interesting strategy. My question is, how do you cover the gap if for example the price spikes and then you rinse the buy grid and then somehow the price stuck in the middle between buy and sell grid while the interest rate slowly increases for holding both position?
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1. Let the EA close the grid when the profit target is reached which could take some time (most favorable outcome)
or
2. Close all trades if the initial account balance exceeds negative 30% and stop trading this strategy (simply didn't work)
Could the EA creator please add an input that would automatically open a new grid once the profit target is reached? I had another member contact me about this. 2 members are requesting that this be added. Thank you
Hi
How are you using the EA on your hedge account?
are you placing sell/buy at the same time and then 1 trade will reach TP and other is managed by EA to be closed in profit? Is this how are you playing?
Please explain.
{quote} Hi How are you using the EA on your hedge account? are you placing sell/buy at the same time and then 1 trade will reach TP and other is managed by EA to be closed in profit? Is this how are you playing? Please explain. Thanks
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1. Open a long & short grid at the beginning of the week (Sunday).
2. EA will close out the winning grid when the profit target is reached (note: EA setup for each grid). Keep opening new grids when this happens.
3. Decide to close out grids at the end of the week if the net profit exceeds the losses or carry over grid trades to the next week if open losses exceeds closed profits.
4. Keep testing this way until account reaches 100% return or -30% loss of initial starting balance.
Note: It would be nice to have the EA automatically open a new grid when the profit target is reached. Can someone please modify the EA and add this as an input?
As you have an hedge account wouldn't be easy to manage the buy/sell grids together?
For example set a total profit or a total loss of the buy/sell grids.
Let say:
total profit: 300$
Total loss: 100$
the 2 grids will be running on the same hedged account until total profit/loss is reached.
As you have an hedge account wouldn't be easy to manage the buy/sell grids together? For example set a total profit or a total loss of the buy/sell grids. Let say: total profit: 300$ Total loss: 100$ the 2 grids will be running on the same hedged account until total profit/loss is reached. What do you think about this approach?
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You can certainly test it and post your results. I am going to stick with my current strategy to see if it plays out to my expectations based on current performance.
{quote} 1. Open a long & short grid at the beginning of the week (Sunday). 2. EA will close out the winning grid when the profit target is reached (note: EA setup for each grid). Keep opening new grids when this happens. 3. Decide to close out grids at the end of the week if the net profit exceeds the losses or carry over grid trades to the next week if open losses exceeds closed profits. 4. Keep testing this way until account reaches 100% return or -30% loss of initial starting balance. Note: It would be nice to have the EA automatically open...
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I completely agree. This is a very important function for E.A.
Please do it.
Thanks in advance!!!
Weekly hedged account results are below. I an no longer going to run the 2 separate grid accounts because the EA is not properly closing out the trades when the profit target is reached. I am not having this problem with the hedged account for some reason. The thread sure is silent. This looks very promising so far.
