Smart Grid EA

Impressive

If earning that but high drawdown no point... ? Do you have any functions to target a certain % balance etc?

Quoting ultax

Disliked

{quote} If earning that but high drawdown no point... ? Do you have any functions to target a certain % balance etc?

Ignored

One very simple MM rule could be to withdraw earnings any half to one month or even any week. Also I would not trade the "bad" pairs after having detected them once I finish my forward tests.

If I analyse figures of today and take only those pairs which produced net profit (= Gross Profit - Swap - Commission +/- open balance) of > € 200.-- the corresponding DD today is only € 228.-- whereas the net profit of those pairs since 6th of January would be € 3.100. Using a € 6'000 account this would make a DD of 3.8% compared with 50% return in less than a month which is amazing right? Of course this is only a momentary picture, just as an example.

On the other side I see DD like the air a system needs to breathe. If you do not allow an organism to breathe it will die, right?

I could imagine to close the grid of a pair which produces in a certain moment a DD of let’s say > € 400 IOT have kind of a stop loss. But to define such a rule I need more experience with this system and its behaviour. By now only XAUUSD showed higher DD as far as I oversee it.

@NoNonSenseFX: Perhaps such a rule could be built into the system?

When does the EA on post 163 expire??

at the end of this year.

What was your initial balance/deposit? your DD is huge in my opinion. You should never care about the balance growth, only initial equity to current equity.

Started yesterday this demo account Gold only, 3k , 1:500, order gap 400. It looks like a good MM while running only one pair. Too early to judge, will keep you updated.
http://prntscr.com/r5fs22

Initial deposit was something about 10 K - but of course DD is much to high due to current Gold and Silver Rallies...however this is a demo account which will serve during 6 months to find best fitting pairs for this strategy...I think the metals allready disqualified due to their save haven role in the markets...best five pairs produced a DD of something about only 500 yesterday!

Yep, gold bombed.
Had a 1K 1:2000 - Gold killed it in less than 24hrs.
The 3k 1:500 account is still running so it may have a chance.
Could you share what are the best five pairs? I'll try them also.

Well, I'm watching your results, if it was a real account you could cashback your initial deposit a week ago, not bad(!)
But I'm not sure if there is a way to see the DD per symbol, only per position(?)
Roberto, maybe this one can help to find the best pairs in real-time? See ATR.

Cheers.

Sure, here they are:

audjpy
cadjpy
gbpaud
gbpcad
gbpchf
gbpjpy
gbpnzd
gbpusd

conditions to qualify: year to date more than € 500 net profit (calculated as gross profit - swap - commission - negative open positons' net profit)

DD today: -565.06 Total Profit YTD: 7014.61

from a pure DD point of view (net profit as calculated above is > € 100 and DD < € 80)

audjpy
cadjpy
eurjpy
gbpaud
gbpcad
gbpjpy
gbpnzd
gbpusd
nzdchf

DD today: -258.65 Total Profit YTD: 7179.69

what happened to all of the results at the beginning of this thread?

If you refer to the results of my demo-account testing 31 currency pairs: I have 50% RoI in 2 months...beginning of February I simulated withdrawal of 12 K bucks but of course not all pairs/settings qualify for real trading and the DD ist terrific indeed. At the end of February my demo account suffered a partial margin call - before I went to bed the margin level was still above 200% when I woke up I noticed the call already executed, some larger minus positions closed. However, demoing/testing will go on. There are still some pairs which develop excellently. We just need more experience. Everything is very well documented I have now also a detailed DD-history per currency pair. That way I can simulate different pair portfolios over time. I also start a new demo account using reduced profit target (20 instead of 50). Initial profit target set-up of the creator was 100.

I am referring to the OP. Why would I be referring to yours?

Espeically with a name like no nonsense forex, then deletes his account because it was wiped out/80% drawdown? That's some nonsense right there!

Do you share mq4 code for education?

Hi there,
I just tried this EA in my MT4 and would like to ask:
- After EA modify 1 order (mean that EA adds stoploss point with distance 1 pip) and add more 2 orders. So, with order was modified, I can stop this order by manual or not, and this action has affect to EA or not?

Hi! Your program is interesting. Hi, would there be an opportunity for fixed item trading?

hello, what should be the starting lot on a cent account with $100 and other settings ?

Hi,
I tested the SmartGrid EA and appreciated the technical solutions and the results obtained with the strategy tester. However the downloadable version expired at the end of 2020 so I cannot use the EA with a demo account and the latest data.
My question: Is the Smart Grid EA still supported or is the project closed?
Thank you very much

Hi,

Wondering if someone help me code this strategy in form of EA? Details below,

Low Risk Grid Independent Grid Trading Strategy – Trend Following
Indicators: Moving Averages (Exponential – Close)
(1) Period: 2190 (For Trend Identification)
(2) Period: 1825
(3) Period: 1460
(4) Period: 1095
(5) Period: 730
(6) Period: 365
(7) Period: 180
Entry Criteria:
Long Entry and Exit (Multiple Entry – Independent Grid Entries based on moving averages):
1. Price Above 2190 Moving Average (For all trades)
2. Long Trade when Price Hit 365 (180 moving average above 365) Moving Average from above: take Profit when price hits 180 Moving average or 180 moving average crosses below 365 moving average
3. Long Trade when Price hit 730 (365 moving average above 730) Moving average from above: take profit when price hits 365 moving average or 365 moving average crosses below 730 Moving average
4. Long Trade when price hit 1095 (730 moving average above 1095) moving average from above: take profit when price hits 730 moving average or crosses below 1095 moving average.
5. Long Trade when price hit 1460 (1095 moving average above 1460) moving average from above: take profit when price hits 1095 moving average or crosses below 1460 moving average.
6. Long trade when price hit 1825 (1460 moving average above 1825) moving average from above: take profit when price hits 1460 moving average or crosses below 1825 moving average.
7. And Finally, all long trade must close either meeting on of the above criteria or price crosses below 2190 Moving average.
8. EA should keep trading should keep trading as long as above conditions are met and keep taking profits/loss on each trade individually
9. EA should have filter for minimum distance between moving averages i.e., no trade when distance between each moving average is less than certain points to avoid ranging markets.
Multiple trades can be taken as long as conditions are met.
The EA should keep trading as long as conditions are met



Short Entry and Exit (Multiple Entry – Independent Grid Entries based on moving averages):
1. Price below 2190 Moving Average (For all trades)
2. Short Trade when Price Hit 365 (180 moving average below 365) Moving Average from below: take Profit when price hits 180 Moving average or 180 moving average crosses above 365 moving average
3. Short Trade when Price hit 730 (365 moving average below 730) Moving average from below: take profit when price hits 365 moving average or 365 moving average crosses above 730 Moving average
4. Short Trade when price hit 1095 (730 moving average below 1095) moving average from below: take profit when price hits 730 moving average or crosses above 1095 moving average.
5. Short Trade when price hit 1460 (1095 moving average below 1460) moving average from below: take profit when price hits 1095 moving average or crosses above 1460 moving average.
6. Short trade when price hit 1825 (1460 moving average below 1825) moving average from below: take profit when price hits 1460 moving average or crosses above 1825 moving average.
7. And Finally, all long trade must close either meeting on of the above criteria or price crosses above 2190 Moving average.
8. EA should keep trading should keep trading as long as above conditions are met and keep taking profits/loss on each trade individually
9. EA should have filter for minimum distance between each moving averages i.e., no trade when distance between each moving average is less than certain points to avoid ranging markets.
Multiple trades can be taken as long as conditions are met.
The EA should keep trading as long as conditions are met
EA Options:
Lot Size
Lot Multiplier (only if our already running trades are in negative)
Moving average Period 1
Moving average Period 2
Moving average Period 3
Moving average Period 4
Moving average Period 5
Moving average Period 6
Moving average Period 7
Distance between Moving Average for each entry for that current 2 moving average

New version in post 1.