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

  • #61
  • Mar 2, 2019 11:17pm Mar 2, 2019 11:17pm
Quoting vinforex7
{quote} sounds true..! I had experimented this method long back... and couldn't get some significant results. Eventually market moves in one direction.. and then it's fireworks. The loss positions would add up at every 20 pips and that's all...!
... i said it many times now, you must be able to have a ENOUGH MONEY in your account to trade this system. Please share your result using this method! If you can not doing it, please stop posting here. Next time i will you set to ignore. It is not my problem if some can think to trade this with 1% every single trade. I gave the hint many times now. For all who now came up with the same, i will block you from now on.
Perfection is the enemy of good enough!
  • #62
  • Mar 2, 2019 11:39pm Mar 2, 2019 11:39pm
fair enough if lots are small,but some times the trend goes very far and if u keep deleting the losing trades ,then simply you are breaking even?good luck ,im waiting anxiously to see this thread grow and experienced traders community jump and give their contributions.
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  • #63
  • Mar 2, 2019 11:54pm Mar 2, 2019 11:54pm
Quoting T4Trade
fair enough if lots are small,but some times the trend goes very far and if u keep deleting the losing trades ,then simply you are breaking even?good luck ,im waiting anxiously to see this thread grow and experienced traders community jump and give their contributions. .
No, not right. It is my desicion if i close a trade or not, as long as my account is giving me the ability to do this way. I give not in the market hand killing my SL and keep moving further after get me out before. I do not know how marekt is moving next and i do not care with this system. I do want only be free from keep analze my chart. Think about. Why have we countless systems only in forexfactory? If one system is working well and all the time and we knew about it, no one must take other systems in account, right? For some time a system is working and after the first hype people come with sub rules, fancy indicators, new ideas, only to get out of the position to fight with loosing trades. We will never ever get otu of loosing trades. We can only react on facts, that are build in past. Take what you want, s&r, trendline, candle formations and so on ... we can only react on this and most systems make forecast, because in past the things have work good, means it will work for you and this forever? I make it outstanding ...

We can only react on facts born in the past.

A system today work well can in future build loss after loss, if market decide to work against your rules.
Perfection is the enemy of good enough!
  • #64
  • Mar 3, 2019 9:22am Mar 3, 2019 9:22am
Quoting MichaelSch
{quote} Nearly all is said, and a picture will not change it. I have buy and sell order above and under price action. I have every 20 Pips TP and take lossing trades out, IF I HAVE BUILD THE PROFIT FOR IT. Example: I have trade good the last weeks and have make 600 Pips plus, i can close for sure some loosing trades, WITHOUT going overall in negative. I post a link to my results. Here is picture from my lines ... {image}
HI MichaelSch
Thanks for showing your grid strategy.
Are you doing this grid system manually or using an EA?
  • #65
  • Mar 3, 2019 9:24am Mar 3, 2019 9:24am
Quoting Merka
{quote} HI MichaelSch Thanks for showing your grid strategy. Are you doing this grid system manually or using an EA?
I have no EA doing the lines for me, so i do it manually. If you do it first time, you have to invest some time, but after that only fill above or under the price new order to get not in situation price is running behind your lines.
No robot doing the work for me.
Perfection is the enemy of good enough!
  • #66
  • Mar 3, 2019 12:08pm Mar 3, 2019 12:08pm
How is performing your system till now?
Profit or break even?
I hope you are doing well
  • #67
  • Mar 3, 2019 12:44pm Mar 3, 2019 12:44pm
Quoting Merka
How is performing your system till now? Profit or break even? I hope you are doing well
I trade this for the last 3 weeks now and have every week a result in profit.

Here the link to my other thread with result from the begin i use this system ....

https://www.forexfactory.com/showthr...9#post11989409
Perfection is the enemy of good enough!
  • #68
  • Mar 3, 2019 7:44pm Mar 3, 2019 7:44pm
[quote = MichaelSch; 12068650] {image} [/ quote]
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-1-2.png Size: 87 KB
  • #69
  • Mar 3, 2019 8:27pm Mar 3, 2019 8:27pm
Quoting hapanoy
[quote = MichaelSch; 12068650] {image} [/ quote] {image}

Hi TS,

Im using the same method as you. this method need to be traded in super small lots to avoid margin call if the price trend in one direction. Maybe i can explain to the audience here.

assuming in a 200pip strong trend directon. all your buy1 to buy9 will TP. But at the time, as you are sells are triggered too on buy1 to buy9, meaning you have floating loss. so your sell1 will be at -200pips, sell2 at -180pips etc etc. meaning to say,you have TPed 200pips. your balance account is increasing, however your equity is deceasing due to float loss of -1100pips. why is it a smaller lot size with the correct leverage will succceed is becoz market will range and will retrace. you need to keep the lot size small. this method will not let your account grow double overnight. its around 30% p.a. of course you can increase the lot size to increase the ROI, but you need to be wary for sharp price movement.
  • #70
  • Mar 3, 2019 8:35pm Mar 3, 2019 8:35pm
one question
how do you manage swap and spreads of your open orders?
  • #71
  • Mar 3, 2019 9:32pm Mar 3, 2019 9:32pm
Quoting tetis
one question how do you manage swap and spreads of your open orders?
Count this as loss also, that you must manage one time to reduce.
Perfection is the enemy of good enough!
  • #72
  • Mar 3, 2019 9:37pm Mar 3, 2019 9:37pm
Quoting Holypendant
{quote} Hi TS, Im using the same method as you. this method need to be traded in super small lots to avoid margin call if the price trend in one direction. Maybe i can explain to the audience here. assuming in a 200pip strong trend directon. all your buy1 to buy9 will TP. But at the time, as you are sells are triggered too on buy1 to buy9, meaning you have floating loss. so your sell1 will be at -200pips, sell2 at -180pips etc etc. meaning to say,you have TPed 200pips. your balance account is increasing, however your equity is deceasing due to float...
One of the best answers here and you are right and i will make this a last time outstanding.

You must trade this very very small! If you not happy with your result, increase capital or move to an other system and prepare to let you trick you out.
Perfection is the enemy of good enough!
  • #73
  • Mar 3, 2019 9:45pm Mar 3, 2019 9:45pm
Quoting belleblue
Hi MichaelSch - what time frame do you use for the EURUSD? thanks
Please think about again! What have you read here?
A hint: Pick a timeframe what you want. You can make the order in all timeframe.
Perfection is the enemy of good enough!
  • #74
  • Mar 3, 2019 10:59pm Mar 3, 2019 10:59pm
Quoting hapanoy
[quote = MichaelSch; 12068650] {image} [/ quote] {image}
We do not know what direction price is moving and we do not beware of it, so i take out as many times now discribed, after and after losing position if i have build TP for it. How is it so hard to get for you? Seems you will force a direction, forecast what can be. This thread is not about it. Point.

What have we if we enter a trade? We can have TP, Loss or sometimes breakeven. If i exclude breakeven, we have 50:50. Every single trade we have this situation in every single system. You can do nothing, to get out of this, or cancel trading at all.
Yes you can risk 1 and take profit after 2,3,4 and so on times. Good if price going the way reaching your profit, but you can not control the moving at all.

Please get it now, i reduce my action only by repairing the net.
Perfection is the enemy of good enough!
  • #75
  • Mar 3, 2019 11:29pm Mar 3, 2019 11:29pm
Quoting MichaelSch
{quote} We do not know what direction price is moving and we do not beware of it, so i take out as many times now discribed, after and after losing position if i have build TP for it. How is it so hard to get for you? Seems you will force a direction, forecast what can be. This thread is not about it. Point. What have we if we enter a trade? We can have TP, Loss or sometimes breakeven. If i exclude breakeven, we have 50:50. Every single trade we have this situation in every single system. You can do nothing, to get out of this, or cancel trading...
Now I understand you...
I reduce my action only by repairing the net.
  • #76
  • Mar 4, 2019 1:10am Mar 4, 2019 1:10am
Quoting belleblue
{quote} yes I understand - do you enter randomly? or is there structure to the time frame / time of day entry?
How long you are watching forexfactory? It seems you jump in without read not many here?
Please read again first post. It has nothing to do with timeframe. I also not pick randomly!
Perfection is the enemy of good enough!
  • #77
  • Mar 4, 2019 5:39am Mar 4, 2019 5:39am
Quoting MichaelSch
{image}
Hey,

your calculation is wrong. Because you close 8 trades in profit with 20 pips. Thats 160 pips right? But you have 7 negativ trades open! that means: trade 1 is in negative with 140 pips. Trade 2 is with 120 pips. Trade 3 with 100 pips and so on.....

Or did I understand something wrong?
  • #78
  • Mar 4, 2019 1:45pm Mar 4, 2019 1:45pm
Quoting kleybenny
{quote} Hey, your calculation is wrong. Because you close 8 trades in profit with 20 pips. Thats 160 pips right? But you have 7 negativ trades open! that means: trade 1 is in negative with 140 pips. Trade 2 is with 120 pips. Trade 3 with 100 pips and so on..... Or did I understand something wrong?
You are wrong, because i close 120 Pips in loss, the first sell trade.
Perfection is the enemy of good enough!
  • #80
  • Mar 4, 2019 8:25pm Mar 4, 2019 8:25pm
read some, may read again later. this maybe like 1 of the grid system that i used few years back, just maybe....will check again later.
LUCKY golden trades, LUCKY gold investor trading style
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