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Scaling up in both sides Grid EA?

  • #21
  • Apr 15, 2020 1:50am Apr 15, 2020 1:50am
Quoting emmzett
And here comes your strategy: As you probably know by now the breakeven characteristics of such a bi-directional pyramiding strategy look like a parabola turned side-ways with the vertex being your trade starting point. The blue line is the breakeven line, every position inside the parabola is a "loss" and the moment you cross one of the side lines you enter "profitable" area. {image} Traders who have been there tell you that such a strategy is only profitable in specific situations. If the market trends strongly for some time you will be able to...

Emmzett: I appreciated your thoughtful points here.

  1. Have you seen this thread? Flexygrid seems to be using a similar strategy.
  2. Have you considered an option hedge (Nadex or otherwise) around the parabola? We could do an iron condor for instance, while we're inside the parabola.

What are your thoughts?

  • #22
  • Apr 15, 2020 4:40am Apr 15, 2020 4:40am
Quoting cornelius5
...Have you seen this thread? Flexygrid seems to be using a similar strategy...
That's just one more of many infamous and thoughtless gridders without potential. The poster itselfs pinpoints it clearly here: Warning

Quoting cornelius5
...Have you considered an option hedge (Nadex or otherwise) around the parabola?
No I didn't. A moving average is sufficient and if you are wrong you have a stoploss. Keep it simple.
It takes blood, sweat and enough tears to wash away the blood.
  • #23
  • May 24, 2020 7:06pm May 24, 2020 7:06pm
Emmzett, I'm trying to understand your approach. Two questions for you:

1. Let's say you just started a cycle with a buy market order (vertex in your graph). Are you then:

A) Opening stop buy orders above it and limit buys below it?
B) Opening stop buy orders above it and nothing below it (except for a set stoploss)?
C) Opening limit sell orders above it and buy limit orders below it?
D) None of the above (please elaborate)

2. What would you say is the difference between your approach and either Snowball or FlexyGrid? Any of the above scenarios could be programmed using the available options in these EAs. (except stop loss in the case of FlexyGrid)
  • #24
  • Edited May 25, 2020 7:23am May 24, 2020 7:21pm | Edited May 25, 2020 7:23am
Quoting cornelius5
Emmzett, I'm trying to understand your approach. Two questions for you: 1. Let's say you just started a cycle with a buy market order (vertex in your graph). Are you then: A) Opening stop buy orders above it and limit buys below it? B) Opening stop buy orders above it and nothing below it (except for a set stoploss)? C) Opening limit sell orders above it and buy limit orders below it? D) None of the above (please elaborate) 2. What would you say is the difference between your approach and either Snowball...
D) None of your options. In the case of the diagram I posted we have a bi-directional grid and scale up on both sides. Meaning Snowball opens Stop Buy orders above the start price and Stop Sell orders below the start price. Whichever direction price goes the Snowball scales-in into that direction only.

Example: Start price 1.1000, gridsize 10 pip, first StopBuy at 1.1010, first StopSell at 1.0990

If price wents up the StopBuy order at 1.1010 is triggered. At that moment the next StopBuy at 1.1020 is places. During the up-move the StopSell was trailed and moved from 1.0990 to now 1.1000.

If price moves back and the first StopSell is triggered, a next StopSell at the original 1.0990 is placed. The open Buy order is closed by SL after 10 pip in minus.

This goes on back and forth until price moves in one direction that far that the defined profit target is met. So you have constant small losses eventually followed by a single large gain which outweights the losses.

If price decides to permanently stay in a narrow range without a break-out your account slowly loses in a linear way. If price breaks-out of the range in any direction you enter profitable area. This is very different to Martingale where your account is suddenly blown-out by exponentially increasing losses. With Snowball this cannot happen.

@FlexyGrid: Don't take my word for granted but from what I see the logic is just non-sense (I fail to find proper documentation in that thread).

  1. One-directional grid: Just ordinary Martingale.
  2. Bi-directional grid: It seems the EA opens a grid of long positions and as those positions go into a loss the EA opens more long positions but - at the same time - the same amount of short positions. So essentially new positions equal each other out and the initial loss stays the same and grows as price moves against you. A grid with open long positions can never reach profitable area if price decides to go south, and the opposite is true too. The EA just doesn't make sense to me.

It takes blood, sweat and enough tears to wash away the blood.
  • #25
  • Jun 15, 2020 9:02am Jun 15, 2020 9:02am
Hi Emmzett

I search for an EA that open stop orders for both sites, but move on while the price move. So if start gbpusd 1.27500 and every 10 pips, so if we reach 1.2800, and of course we have stop loss every 10 pips, so if the price come back to the 1.27800 we have to trades in los. But what if the price go up again to the 1.2800? In such senario I need it to reopen the same trades that hit the stop loss.
Thats in the buy site.
In the sell site of course we will have five lost trades, because I need the EA to keep open sell trades when the first one hit the stoploss,. So it open 1.27500. And this hit sl 1.27600, and again it open another at 1.27600, and so on. So it keep open until the price keep on in the sell direction.

So can I use your strategy for that? Or that your EA do different things?
And of course I need i fully autmated means that as soon as you activate it on the chart it will begin trade, and repete the cycle if you manually close all the trades or another EA do that.

I need the EA to be completely simple. Without candles or indicaters or whatever. Just the price movement. I know this is just random, but that will help me to set it to trade when I myself analyse the market and try to find the trend without intefering of any indicater.

I hope if you know such an EA you will help me find it.

Thanks in advance
  • #26
  • Jun 15, 2020 9:24am Jun 15, 2020 9:24am
Quoting aalaarajy
...I search for an EA that open stop orders for both sites, but move on while the price move...
What you describe is the standard behavior of a bi-directional pyramiding grid.

Quoting aalaarajy
...So can I use your strategy for that?...
My EA only supports one-directional trading, no bi-directional mode. This has been written clearly in the beginning of the thread. For bi-directional trading you may use the SnowBall EA from the thread where you posted a different request.

Quoting aalaarajy
...I need the EA to be completely simple. Without candles or indicaters or whatever. Just the price movement. I know this is just random, but that will help me to set it to trade when I myself analyse the market...
Again, SnowBall EA is your choice. It supports manual trading only. That's exactly what you ask for.
It takes blood, sweat and enough tears to wash away the blood.
  • #27
  • Jun 15, 2020 9:31am Jun 15, 2020 9:31am
emmzett Thanks for so quick and helpful responce.
I have a problem with the snowball though. It is not an automated process. You need to manually start it. So if your first position hit sl then you need to start it manually. Or does it behave like that? Or I have misunderstood the whole idea of it?
Also some of its input is somehow unclear.I could not find in the thred or the site of snowball a detailed explanation to what they do.

I hope you (or any one that have time to such a newbie like me ) to explain for me to how I can getstarted with it.
I need to put it to just the gbpust every 15 pips grid stephs, and the take profit I will set to 1000000 so it will not close anything until I manually will do that. But the stop loss 15.

So, sorry folks, out the above, what shall I do in the settings to get the desired results.

Thanks
  • #28
  • Jun 15, 2020 10:09am Jun 15, 2020 10:09am
Quoting aalaarajy
...I have a problem with the snowball though. It is not an automated process. You need to manually start it. So if your first position hit sl then you need to start it manually. Or does it behave like that? Or I have misunderstood the whole idea of it?...
Indeed it looks you misunderstood it. It's fully automated except start and stop.

Following the inputs for a gridsize of 15 pip on GBPUSD. The "999" (default: 2) is the profit target. It will automatically stop after the specified gridlevel is reached. For 15 pip it means TP is at level 2 = 30 pip away from the gridbase. If set to "999" it will never stop by itself (impossible to reach).
Attached Image (click to enlarge)
Click to Enlarge Name: snowball-1.png Size: 26 KB


Top-right are 3 interactive text labels for manual control of the EA. You choose what you want to to, click the corresponding label (so it get's marked) and just drag it a little into a different position. The EA will notice and start the named action. Background: The EA was written when MQL4 did not yet support UI elements like buttons. 7bit somehow had to emulate button functionality and this was the best he came up with at that time. In your case you select the "bi-directional" label and drag it a little.
Attached Image (click to enlarge)
Click to Enlarge Name: snowball-2.png Size: 57 KB


As soon as you told the EA what to do it will open up your grid and start managing the resulting trades. Now in the label section top-right another "stop" label will show up, to manually stop trading and close all orders.
Attached Image (click to enlarge)
Click to Enlarge Name: snowball-3.png Size: 119 KB


If you go through the original thread you will find that you can also control the EA with trendlines (start and stop). Reading and figuring that out I leave to you.


ps: I recommend to only use the original .ex4 version from https://sites.google.com/site/prof7bit/snowball, and not to use modified files uploaded by other users.
It takes blood, sweat and enough tears to wash away the blood.
  • #29
  • Jun 15, 2020 11:43am Jun 15, 2020 11:43am
Thank you very much emmzett for the explanation. Now I know whats wrong with the EA. I thought it is like any EA I have dealt with where I just adjust the settings then clik on ok and it st operate. Since this is build that you have to move a button with the mouse then this EA is not for me since I am a screen reader user. And with a screen reader you can do anything unless this is not visual like pictures and lables.

In any case, thank you very much your help.

If you know an easy solution I can do in the code to make it start as soon as I clik on ok, or if you another EA that have the same idea I really will appreciate it.
  • #30
  • Jun 15, 2020 11:58am Jun 15, 2020 11:58am
Quoting emmzett
{quote} Indeed it looks you misunderstood it. It's fully automated except start and stop. Following the inputs for a gridsize of 15 pip on GBPUSD. The "999" (default: 2) is the profit target. It will automatically stop after the specified gridlevel is reached. For 15 pip it means TP is at level 2 = 30 pip away from the gridbase. If set to "999" it will never stop by itself (impossible to reach). {image} Top-right are 3 interactive text labels for manual control of the EA. You choose what you want to to, click the corresponding label (so it get's...
Hi

with EA version you use, my on screen show trading stoped
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 24 KB
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  • #31
  • Last Post: Jun 18, 2020 5:57am Jun 18, 2020 5:57am
Hi again
I got asistance to start the snoball EA and its amazing that when you first set it to run it will keep running even if you close the chart and drag it to another one. Thats grate.
But I faced an issue with it I hope you know a solution you can tell me about.
I noticed that it will not fill all levels with sellstop and buystop orders.
With that I mean if you start the "bi" for the two direction and if let us say you start when the gbpusd is 25250. So you have a buy stop at 25400 and above, and sell stop at 200 and below.
Well let us imagine that the price go up to the 26250, then it began to go down and up. I noticed that all these level will not be filled with sell stop orders. It wait until the price get on the 25100 before it find a sell stop.
And that is not what I want of it.
I need it to open always buy stop and sell stop, or at least one or two level is missing also ok.
So It have to move the sellstop orders when the price got at 26100 to the 25950 for example.
Do you know how I can get this Ea to do that? Is there any changes I can do to the settings or the code to get this ?
Some input items in the EA settings is not clear for me. Hopefully the solution is there. They are:
sound grid trale
sound grid step
sound order tryggered
sound stopp all
If you also could explain what they do.

Thanks in advance for your help
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