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Sail the Grid - System without the need to analyze the chart

  • #41
  • Mar 2, 2019 11:12am Mar 2, 2019 11:12am
Quoting MichaelSch
{quote} No matter, please go the explanations again.
All good. At some point you are choosing to be net log or net short, only way to produce a gain. My question is, why hedge at all, just open a long or short at the point you think you know what direction it will go next. Can’t grasp your logic at all.

Cheers
  • #42
  • Mar 2, 2019 11:14am Mar 2, 2019 11:14am
At 20pips interval you take a sell and buy order.
1. Entry 1;
Eu buy at 1.130 tp: 1.1320, sl: nil,
Sell at 1.130 tp: 1.1280, sl: nil.
Market move to 1.1320. Buy order tp hit +20, sell order -20. New set of buy and sell order triggered at 1.1320
2. Entry 2
Buy and sell at 1.1320 buy tp: 1.1340 sell order tp 1.130
Price move to 1.1340
Buy tp hit +20, loss -20. loss of 1st sell order now at -40.
Total gain +40, total loss -40 of entry 1 and -20 of Entry 2.
Total loss -60
Entry 3
Total gain will be +60 total loss -60, -40, -20=120pips.
Correct me pls
  • #43
  • Mar 2, 2019 11:28am Mar 2, 2019 11:28am
Quoting SunSaltwater
{quote} All good. At some point you are choosing to be net log or net short, only way to produce a gain. My question is, why hedge at all, just open a long or short at the point you think you know what direction it will go next. Can’t grasp your logic at all. Cheers
I do not want to make any desicion what can be next and make this clear in the very first post. Point.
You can choose uncountable systems that add all these things. In the end you wiill not know what is going next. Why also take care about direction, if we can build profit also?
I want put order on chart and wait for result. Drop bad trades out and again waiting for profits.
Perfection is the enemy of good enough!
  • #44
  • Mar 2, 2019 11:30am Mar 2, 2019 11:30am
Again, my result from last week ...

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Perfection is the enemy of good enough!
  • #45
  • Mar 2, 2019 11:35am Mar 2, 2019 11:35am
Quoting menek
At 20pips interval you take a sell and buy order. 1. Entry 1; Eu buy at 1.130 tp: 1.1320, sl: nil, Sell at 1.130 tp: 1.1280, sl: nil. Market move to 1.1320. Buy order tp hit +20, sell order -20. New set of buy and sell order triggered at 1.1320 2. Entry 2 Buy and sell at 1.1320 buy tp: 1.1340 sell order tp 1.130 Price move to 1.1340 Buy tp hit +20, loss -20. loss of 1st sell order now at -40. Total gain +40, total loss -40 of entry 1 and -20 of Entry 2. Total loss -60 Entry 3 Total gain will be +60 total loss -60, -40, -20=120pips. Correct me pls...
I do not set SL only TP for every trade. Please reread first post.
Perfection is the enemy of good enough!
  • #46
  • Mar 2, 2019 11:40am Mar 2, 2019 11:40am
Not doubting you are making money, no reason to doubt you, just don’t understand the logic of your method but that is probably my problem not yours
  • #47
  • Mar 2, 2019 12:15pm Mar 2, 2019 12:15pm
Quoting MichaelSch
{quote} I do not set SL only TP for every trade. Please reread first post.
Hi Micheal thanks for sharing your system, i understand and get it no problem.
My question is, i am going to try this on demo first but what is the highest lot size you would recommend on £500 please?
Edit: i have no problem with spread i have an Australian Account.
  • #48
  • Edited Mar 3, 2019 1:05am Mar 2, 2019 12:35pm | Edited Mar 3, 2019 1:05am
Quoting montego
{quote} Hi Micheal thanks for sharing your system, i understand and get it no problem. My question is, i am going to try this on demo first but what is the highest lot size you would recommend on £500 please? Edit: i have no problem with spread i have an Australian Account.
Good you get it.
Always keep in mind we can get sharp movements without much retrace and we must stay as long as we can get out in minimum profit. How often we have such movements and what are the largest distance without retrace?
If you build in past good profit, you can take bad trades earlier out, but if you start the account and you have no profit generate at all, you better start with really small lot, means 0.01 or max 0.02 lot.
What can you do?
Increase capital to trade higher lot or happy with results you will for sure get, if you prepare to trade small positions.
We can not finetune in this system our entry, we do not care about the market movements at all. We are free from it and for that we must take the price. It is we limit to trade small. BUT you can drop all the indesicions what the oher method comes around. How often work S&R, demand & supply, trendlines for you in the past and how often you get trick out at these points? I take the price for not finetune my trades, have more time, can fast replace my order if the alert is triggered and the most important, i get profit!

For example we have had a strange movement from 500 Pips, divide through 20 Pips, we must able to hold 25 loosing position! If we trade this with 0.01 lot the account must able to hold all the position in this example, 0.25 lot. Such movements are rare but we must ready for it!

Edit: I thought again about your post. Please do not trade higher as 0.01 lot with your capital. If you really want to trade this way, do better increase account size!
Perfection is the enemy of good enough!
  • #49
  • Mar 2, 2019 1:04pm Mar 2, 2019 1:04pm
Quoting MichaelSch
{image}
Again sorry about my confusion. I must be missing something fundamental here.

Once more referring to your pic. I get the 160 pips in TP's. But it would seem that your first sell order would now be at -120 pips. But in your first post you mentioned a new buy and sell "pair" at each 20 pip interval. So if I'm reading that right you would now have sell #2 at -100, sell #3 at -80 etc. so your total DD counting the buy at #7 would be -440.

What am I missing here. Do you not add a sell at each level?
  • #50
  • Mar 2, 2019 1:15pm Mar 2, 2019 1:15pm
Quoting MichaelSch
{quote} I do not set SL only TP for every trade. Please reread first post.
You have a point. Your first post is not clear. Your inability to explain plainly in English makes it difficult to understand you. Sl = nil also means no stop loss. Can someone help? I guess you only took buy order after the first one. So when your first tp is hit you buy again not selling expecting a rally
  • #51
  • Mar 2, 2019 1:16pm Mar 2, 2019 1:16pm
Quoting spyderman
{quote} Again sorry about my confusion. I must be missing something fundamental here. Once more referring to your pic. I get the 160 pips in TP's. But it would seem that your first sell order would now be at -120 pips. But in your first post you mentioned a new buy and sell "pair" at each 20 pip interval. So if I'm reading that right you would now have sell #2 at -100, sell #3 at -80 etc. so your total DD counting the buy at #7 would be -440. What am I missing here. Do you not add a sell at each level?
I cut at this point the first sell trade out (-120 Pips), because i have build profit from all buy trades (+160 pips). The rest is waiting for the next situation i can drop the next loosing trade.
It is an ongoing process, as the market is ongoing. This was a example if we have a sharp movement without retrace all the way, so we must wait for enough profit to cancel bad trades out.
Perfection is the enemy of good enough!
  • #52
  • Mar 2, 2019 1:18pm Mar 2, 2019 1:18pm
Quoting MichaelSch
{quote} Good you get it. Always keep in mind we can get sharp movements without much retrace and we must stay as long as we can get out in minimum profit. How often we have such movements and what are the largest distance without retrace? If you build in past good profit, you can take bad trades earlier out, but if you start the account and you have no profit generate at all, you better start with really small lot, means 0.01 or max 0.02 lot. What can you do? Increase capital to trade higher lot or happy with results you will for sure get, if you...
Understood Michael, thanks for the in depth reply, i get what your saying, you could be holding 20 loosing positions until there is a reversal of 20 pips to ht tp.
Another question please - if the market is trending up and you had six sells open and and 1 buy and sell could you not close the very first sell trade to reduce open positions, because your going to close it anyway in the end ? or would this affect the process ?
EDIT: NO NEED TO EXPLAIN YOUR POST ABOVE EXPLAINS THIS.
  • #53
  • Mar 2, 2019 1:18pm Mar 2, 2019 1:18pm
Quoting menek
At 20pips interval you take a sell and buy order. 1. Entry 1; Eu buy at 1.130 tp: 1.1320, sl: nil, Sell at 1.130 tp: 1.1280, sl: nil. Market move to 1.1320. Buy order tp hit +20, sell order -20. New set of buy and sell order triggered at 1.1320 2. Entry 2 Buy and sell at 1.1320 buy tp: 1.1340 sell order tp 1.130 Price move to 1.1340 Buy tp hit +20, loss -20. loss of 1st sell order now at -40. Total gain +40, total loss -40 of entry 1 and -20 of Entry 2. Total loss -60 Entry 3 Total gain will be +60 total loss -60, -40, -20=120pips. Correct me pls...
no SL losing trades are still open
entry 4 if price reverse 20:
buy trades = 60-20
sell trades :20+(-60+20)+(-40+20)+(-20+20)
40+20-40-20 -0
entry 5 if price go down again 20:
buy trades = 60-20-20
sell trades : 20+20+(-60+20+20)+(-40+20+20)+(-20+20+20)
20+20-20+0+20=40 pips you win
  • #54
  • Mar 2, 2019 1:22pm Mar 2, 2019 1:22pm
Quoting montego
{quote} Understood Michael, thanks for the in depth reply, i get what your saying, you could be holding 20 loosing positions until there is a reversal of 20 pips to ht tp. Another question please - if the market is trending up and you had six sells open and and 1 buy and sell could you not close the very first sell trade to reduce open positions, because your going to close it anyway in the end ? or would this affect the process ?
I only reduce loss if i can make this because have enough profit generate for it. Above your message i have explain it.
Perfection is the enemy of good enough!
  • #55
  • Mar 2, 2019 1:23pm Mar 2, 2019 1:23pm
Quoting MichaelSch
{quote} I cut at this point the first sell trade out (-120 Pips), because i have build profit from all buy trades (+160 pips). The rest is waiting for the next situation i can drop the next loosing trade. It is an ongoing process, as the market is ongoing. This was a example if we have a sharp movement without retrace all the way, so we must wait for enough profit to cancel bad trades out.
Okay I understand what you're saying now. You just closed the first position. But you still have -320 in floating loss. Similar to Remon's strategy to net out losers except he didn't close his profitable trades until a reversal so he could net out more trades.

Sadly you will go broke even faster with this method. Your profit taking is linear but your losses are adding up exponentially. In your example of the market going 1 direction for 500 pips your 25 sell positions would be -6500 pips with closed long profits of only 500 pips.

If price (in your picture) heads back up you will just get more and more underwater...but "sail on"
  • #56
  • Edited 2:03pm Mar 2, 2019 1:36pm | Edited 2:03pm
Quoting spyderman
{quote} Okay I understand what you're saying now. You just closed the first position. But you still have -320 in floating loss. Similar to Remon's strategy to net out losers except he didn't close his profitable trades until a reversal so he could net out more trades. Sadly you will go broke even faster with this method. Your profit taking is linear but your losses are adding up exponentially. In your example of the market going 1 direction for 500 pips your 25 sell positions would be -6500 pips with closed long profits of only 500 pips. If price...
I said that i trade this very small and know about the fact. I have my account ready to go through such movements. It is not a quick rich method, more slow growing with no need to analyze the market at all. If you will reduce this fact, you going to switch to analyze the market and must be also ready to have ever more profit as loss. We both not know the next candle, do we?

Edit: If we have a movement from 500 Pips without a retrace (how often we will this have?) and we have a trade position from 0.25, our account must be able to hold the losing position from 1.100 Euro, so i would recommend to trade this method with enough money in account or switch over to another one (be ready to let you trick out at all these important points)!!!
Perfection is the enemy of good enough!
  • #57
  • Mar 2, 2019 5:42pm Mar 2, 2019 5:42pm
Quoting MichaelSch
{quote} I said this in the first post, do not trade without give minimum one minute to think about lot size!!! If you have for each position 1% or say 0.5% you have too much invest for one trade. We must keep stay in market if we get some fast moves without retrace much to get out of negative trades. After hundreds of pips price is going against us, we need not much to kill loosing trades and be in profit overall. ALL COMES TO THE POINT PICK A CLEVER LOTSIZE! I have said it, please read careful the first post. Please stay away to post further EAs...
OK, I've deleted it. and got your method, thanks.
  • #58
  • Mar 2, 2019 10:49pm Mar 2, 2019 10:49pm
are all trades on same lots? is it not marti hedge?
  • #59
  • Mar 3, 2019 1:00am Mar 3, 2019 1:00am
Quoting T4Trade
are all trades on same lots? is it not marti hedge?
I take for every order the same lot, keep in mind you have enough money for this avaible and trade small.
Perfection is the enemy of good enough!
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