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

  • #101
  • Mar 5, 2019 7:24am Mar 5, 2019 7:24am
Quoting lghr
{quote} OK,example, EURUSD and USDCHF is high negative correlation pairs base on EURCHF. if EURUSD go up, then USDCHF consequentially go down simultaneously.
As per the system... what's the point in having pairs of negative correlation? if you could go to post 100 by Green ca, as far as my understanding, that's how the system works. If we have two pairs of negative correlation... on both the pairs, we'd have floating losses. I tried to read again, but seems like.. I miss a point? can you please elaborate step by step? Thank you.
  • #102
  • Mar 5, 2019 3:49pm Mar 5, 2019 3:49pm
I have real job and can not follow here all the time, so i must sort the things piece for piece out. <Sometime must be wait for answer.
Perfection is the enemy of good enough!
  • #103
  • Mar 5, 2019 4:10pm Mar 5, 2019 4:10pm
Quoting MichaelSch
{quote} I do not know a EA doing it, so i have doing it all the manually. Hope we can get a good coder to pick up this system and build tools that help us.
I am using an EA that appears to be using this system. The system takes advantage of the price revisiting a grid level again and again. The drawdown is very low (if you keep the grid size and lot size at the right levels for the account), and you cancel all outstanding negative orders when the equity is at the desired level (or the EA can do it for you). You can set a limit for drawdown and have the EA close out all positions when the max loss is reached, so you can't blow your account.

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&quot;Pips are vanity. Profit is sanity.&quot;
  • #104
  • Mar 5, 2019 5:00pm Mar 5, 2019 5:00pm
Quoting PaulDV
{quote} I am using an EA that appears to be using this system. The system takes advantage of the price revisiting a grid level again and again. The drawdown is very low (if you keep the grid size and lot size at the right levels for the account), and you cancel all outstanding negative orders when the equity is at the desired level (or the EA can do it for you). You can set a limit for drawdown and have the EA close out all positions when the max loss is reached, so you can't blow your account. {image}
can you share the EA?
  • #105
  • Mar 5, 2019 8:39pm Mar 5, 2019 8:39pm
i did use this strategy few years back. 20pips is very close distance unless u are trading eg or uj. good luck in finding best setting.
LUCKY golden trades, LUCKY gold investor trading style
  • #106
  • Mar 5, 2019 9:01pm Mar 5, 2019 9:01pm
Quoting vinforex7
{quote} As per the system... what's the point in having pairs of negative correlation? if you could go to post 100 by Green ca, as far as my understanding, that's how the system works. If we have two pairs of negative correlation... on both the pairs, we'd have floating losses. I tried to read again, but seems like.. I miss a point? can you please elaborate step by step? Thank you.
In the FF you will find much many correlation topic with "correlation" searching.
  • #107
  • Mar 5, 2019 11:20pm Mar 5, 2019 11:20pm
Quoting lghr
{quote} In the FF you will find much many correlation topic with "correlation" searching.
I will for sure check your idea adn if UDCHF correlate negative to EURUSD, nice. Was it right with this pair?
Are you a coder and if you got my system right, are you able to make EA for it?

Greets

Michael
Perfection is the enemy of good enough!
  • #108
  • Mar 5, 2019 11:21pm Mar 5, 2019 11:21pm
Quoting PaulDV
{quote} I am using an EA that appears to be using this system. The system takes advantage of the price revisiting a grid level again and again. The drawdown is very low (if you keep the grid size and lot size at the right levels for the account), and you cancel all outstanding negative orders when the equity is at the desired level (or the EA can do it for you). You can set a limit for drawdown and have the EA close out all positions when the max loss is reached, so you can't blow your account. {image}
What EA you are using?
Perfection is the enemy of good enough!
  • #109
  • Mar 5, 2019 11:26pm Mar 5, 2019 11:26pm
Quoting GreenCa
{quote} This is what I understand but it is definitely not what Micheal mean. He has poor English unfortunately and I can't understand. See the clue in his first post (Take bad positions out as fast as possible. Mostly the oldest trades we take out.) to analyze the above instructions it means if I enter buy and sell Position at 1.3000 and price goes up to 1.3020 I take profit ($20) I have minus -20$ floating. I open another buy and sell position at 1.3020 price move to 1.3040 I close at profit $20 and I still have - 20 from sell position of level...
I take only trade out, if i have profit for it generate. I look what highest loss i can reduce with my profit generate. I do not wait for massive profit and do after it drop mad trades. I want to stay in the near of price action, if i can. A sharp movement we must wait longer for drop loosing trades, as discussed now many times before.
Perfection is the enemy of good enough!
  • #110
  • Mar 6, 2019 1:33am Mar 6, 2019 1:33am
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  • #111
  • Mar 6, 2019 1:46am Mar 6, 2019 1:46am
Quoting hapanoy
{image}
How is working for you with the EA you are using. Is it replacing after TP the trade in grid again?
Perfection is the enemy of good enough!
  • #112
  • Mar 6, 2019 1:52am Mar 6, 2019 1:52am
Quoting MichaelSch
{quote} What EA you are using?
It's called Grid Trend Multiplier. It's commercial, and I'm still in the testing stage, but it looks sound.
&quot;Pips are vanity. Profit is sanity.&quot;
  • #113
  • Mar 6, 2019 2:20am Mar 6, 2019 2:20am
Quoting PaulDV
{quote} It's called Grid Trend Multiplier. It's commercial, and I'm still in the testing stage, but it looks sound.
Please no links or hints to commercials. Only free avaible tools here!
Perfection is the enemy of good enough!
  • #114
  • Mar 6, 2019 2:38am Mar 6, 2019 2:38am
Quoting MichaelSch
{quote} Please no links or hints to commercials. Only free avaible tools here!
Of course - that's why I only posted the name and not a link. And I only posted the name because you asked - I wouldn't have posted it for anyone else.

The strategy is very mechanical in nature, and fairly simple. Once I've finished my testing, and completely sure of the strategy, I may code up my own version and share with the community.
&quot;Pips are vanity. Profit is sanity.&quot;
  • #115
  • Mar 6, 2019 2:54am Mar 6, 2019 2:54am
Quoting xpensive
{quote} plz share
Please find the EA and the template attached.

You only need to load the template in 1 minute chart. Because this is an EMA cross EA, modified to mimic the requirement. So it'd work in 1 minute only.. if the time frame is higher, we may not get the orders at 200 pips intervals.. but longer.

This will open orders on both directions at 200 pips gaps with no SL and 200 pips TP. Once the TP is hit... and it comes down to the 200 pips gap, it will open up another trade in the same direction. Means, it will only have orders in one direction, at 200 pips gaps only.
Attached File(s)
File Type: tpl sail grid.tpl   73 KB | 534 downloads
File Type: ex4 universalmacrossea_8.2.ex4   46 KB | 484 downloads
File Type: mq4 universalmacrossea_8.2.mq4   33 KB | 669 downloads
  • #116
  • Mar 6, 2019 3:00am Mar 6, 2019 3:00am
Quoting vinforex7
{quote} Please find the EA and the template attached. You only need to load the template in 1 minute chart. Because this is an EMA cross EA, modified to mimic the requirement. So it'd work in 1 minute only.. if the time frame is higher, we may not get the orders at 200 pips intervals.. but longer. This will open orders on both directions at 200 pips gaps with no SL and 200 pips TP. Once the TP is hit... and it comes down to the 200 pips gap, it will open up another trade in the same direction. Means, it will only have orders in one direction, at...
Thanks, i will later test it. Not much time in moment. Good we can get tools for helping out.
Perfection is the enemy of good enough!
  • #117
  • Mar 6, 2019 3:11am Mar 6, 2019 3:11am
Quoting MichaelSch
{quote} How is working for you with the EA you are using. Is it replacing after TP the trade in grid again?
Every time the market goes through the orders it repairs the orders,
market reaching 200pps it closes.
  • #118
  • Mar 6, 2019 5:50am Mar 6, 2019 5:50am
Quoting PaulDV
{quote} I am using an EA that appears to be using this system. The system takes advantage of the price revisiting a grid level again and again. The drawdown is very low (if you keep the grid size and lot size at the right levels for the account), and you cancel all outstanding negative orders when the equity is at the desired level (or the EA can do it for you). You can set a limit for drawdown and have the EA close out all positions when the max loss is reached, so you can't blow your account. {image}
So dear Paul does it mean that if price goes upwards without retracing at all for up to 200 pips or less the the account will be brown out?

Secondly Micheal appears to be making money in profit when there is only retreacement. But if I understand the logic of this ea well, it can't be in profit when there is only one replacement
  • #119
  • Mar 6, 2019 4:09pm Mar 6, 2019 4:09pm
Quoting GreenCa
{quote} So dear Paul does it mean that if price goes upwards without retracing at all for up to 200 pips or less the the account will be brown out? Secondly Micheal appears to be making money in profit when there is only retreacement. But if I understand the logic of this ea well, it can't be in profit when there is only one replacement
I don't want to derail this thread with details of the EA that I'm using, so it may be better to ask me questions via PM.
&quot;Pips are vanity. Profit is sanity.&quot;
  • #120
  • Mar 7, 2019 12:12am Mar 7, 2019 12:12am
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