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Filter Grid EA

  • #761
  • Aug 12, 2018 10:03am Aug 12, 2018 10:03am
Quoting noshali
{quote} I see your account has a balance of $400...do note that grid type strategies require a big account..I have an early that can blow a 100k account with a 0.01 lot trade size in the long run...please do backtest or you are to lose your equity...grid type system make good money but need large equity to finction...filter grid is no exception..use different pairs ...good luck
Thanks for the heads up, I understand how Grid EA's work. I am simply working with what i am willing to lose at the moment. I trade mostly manual so this is a side project for me. I do not like to rely only on Algorithms.
  • #762
  • Aug 12, 2018 11:50pm Aug 12, 2018 11:50pm
current trades

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  • #763
  • Aug 13, 2018 2:11pm Aug 13, 2018 2:11pm
Quoting Ym8016
{image}
That account was destroyed by trading too many pairs with only 300 dollars. Specially the EURUSD> I would not trade that pair with any EA unless i am trading it manual with proper analysis. It has the tendency to spike hard or drop to quick leaving EA like a sitting duck.
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  • #764
  • Edited 8:56pm Aug 13, 2018 2:51pm | Edited 8:56pm
Has anyone tried using a lower TP than the default 45 pips? I feel like aiming that high can cause EA to miss a bunch of trades and turn against you should pair reverse while floating. In other words, the less you stay holding a position the lower the risk.
  • #765
  • Aug 13, 2018 10:27pm Aug 13, 2018 10:27pm
Quoting PipsKid
{quote} That account was destroyed by trading too many pairs with only 300 dollars. Specially the EURUSD> I would not trade that pair with any EA unless i am trading it manual with proper analysis. It has the tendency to spike hard or drop to quick leaving EA like a sitting duck. {image}
Good that it is only a demo account.
and yes it is best at least 2k per pair because 300 will be easily wiped out without letting the market move
  • #766
  • Aug 13, 2018 11:23pm Aug 13, 2018 11:23pm
Quoting burat
{quote} Good that it is only a demo account. and yes it is best at least 2k per pair because 300 will be easily wiped out without letting the market move
Burat, have you ever tried using a lower Take Profit value to reduce holding timer per position? I have this weird feeling that maybe 45 Pips is a bit too greedy. I would be happy with 20-25 Pips with a larger lot size 0.05 to 0.10
  • #767
  • Aug 14, 2018 6:19am Aug 14, 2018 6:19am
Quoting PipsKid
{quote} Burat, have you ever tried using a lower Take Profit value to reduce holding timer per position? I have this weird feeling that maybe 45 Pips is a bit too greedy. I would be happy with 20-25 Pips with a larger lot size 0.05 to 0.10
no, i have not changed it because I think bigger lot size are more riskier.
  • #768
  • Aug 14, 2018 7:09am Aug 14, 2018 7:09am
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  • #769
  • Aug 14, 2018 9:46am Aug 14, 2018 9:46am
Quoting 4xPIPAHOLIC
{image}
To address your concerns regarding my post... That is the reason for lowering the Take Profit. It has nothing to do with Rewards, its about staying on open trades the smallest amount of time possible to avoid getting caught up on the other side of the trend.. I lowered my TP value to 35 from 45 and it is closing trades faster so i guess i answered my own question.
  • #770
  • Aug 14, 2018 10:01am Aug 14, 2018 10:01am
Quoting PipsKid
{quote} To address your concerns regarding my post... That is the reason for lowering the Take Profit. It has nothing to do with Rewards, its about staying on open trades the smallest amount of time possible to avoid getting caught up on the other side of the trend.. I lowered my TP value to 35 from 45 and it is closing trades faster so i guess i answered my own question.
I am not concerned at all. ..but if that is the logic why not lower it to 10, it will even close them even faster?
The problem comes in when it will not close them and you are caught with bigger lot sizes..which will eventually bring more risk to the account....

Burat knows what he is talking about....

4x
  • #771
  • Aug 14, 2018 4:41pm Aug 14, 2018 4:41pm
Quoting 4xPIPAHOLIC
{quote} I am not concerned at all. ..but if that is the logic why not lower it to 10, it will even close them even faster? The problem comes in when it will not close them and you are caught with bigger lot sizes..which will eventually bring more risk to the account.... Burat knows what he is talking about.... 4x
I agree with you, the problem is on an ECN account you gotta pay up commission on every trade. So i was thinking of lowering to 10-15 also but at 0.01 cent per pip is too low to cover commission plus earn a profit.
  • #772
  • Aug 14, 2018 7:40pm Aug 14, 2018 7:40pm
trades yesterday

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  • #773
  • Aug 15, 2018 1:08am Aug 15, 2018 1:08am
so the weekend before demo stopped I was carrying a large drawdown. Wiped out all my profits... bummer. Not ready to give up yet but I wish the creator would let the demo just run.
  • #774
  • Aug 15, 2018 5:25am Aug 15, 2018 5:25am
current trades

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  • #775
  • Aug 15, 2018 11:00am Aug 15, 2018 11:00am
trades as of today

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  • #776
  • Aug 15, 2018 2:04pm Aug 15, 2018 2:04pm
Quoting burat
trades as of today {image}
Great work man, from my observations.. GBPUSD and AUDCAD have been your top performers even on your previous run for the last 3 months correct?
  • #777
  • Aug 15, 2018 6:27pm Aug 15, 2018 6:27pm
trades yesterday
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GOOD
  • #778
  • Aug 15, 2018 6:52pm Aug 15, 2018 6:52pm
Quoting burat
trades yesterday {image} GOOD
Looking good Burat, I think that EURCAD its not as profitable as GBPUSD/ AUDCAD. Once i build my equity i will only run those two and add USD/JPY in the mix. I think EURUSD has a tendency of blowing up EAs.
  • #779
  • Aug 16, 2018 4:33am Aug 16, 2018 4:33am
Try these settings for EURGBP M1. I will be using these on my real account soon. Backtests are good from 2015-2018.
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  • #780
  • Aug 16, 2018 5:53am Aug 16, 2018 5:53am
Ok....anyone using a small account with the pro version should use the ATR filter.
Here are my backtests for 2018 using 0.01 lots on a $1,000 account....the same works fine from 2017 to today.
This is for EURCAD M1
01-01-2018 to 07-31-2018
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01-01-2018 to 07-31-2018
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01-01-2017 to 07-31-2018 for both the following images.
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