(binned per thread starter’s request) Griding for a living

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Hey guys,

I am trading since the year of 2000. I do use different strategies and styles, but some years ago I fall in love with grid trading. Yes, I – and hopefully you – know, it is high risk, and when you try like me to gain performance 100% + a year at some point you will always hit the doomsday drawdown and blow your account. Non or less, my heartbeat goes up when thinking of the grid and many nights I swapped my sleep for intense backtesting.

Some years ago, I found the EA “Super Money Grid” the internet. I started testing it and after a while it went live with some real money. After 2 years I had many ideas how to optimize this strategy.

I do work in the FX/CFD industry and a client of mine (nowadays I proudly call him a friend) is a coder and wanted to learn MQL 4. We teamed up, I explained him my ideas and he put them into the code. After 6 months we had a brand-new version of the EA with many cool features.

BlackMamba Ikarus

So if you wonder about the name, BlackMamba was the name of a coaching, where I introduced the EA to some clients of mine, and well, the story of Icarus was for me always the perfect picture one should keep in mind when using a grid system: You will fly, but do not go to high, because the sun will burn your wings and you will crash down.

At the moment I am trading on a newer version then the one I will publish here, but this version has some coding-mistakes and unfortunately my coder and friend is nowadays to busy, to make the next round of optimization of the EA.

My plan is now to give this community the code of our old version, hoping, some of you will discuss and code some features, to make this robot even more powerful.

Attached you will see a backtest of my latest version (the one with the coding errors - wich are minor).

So, now it´s up to you, let me know if you are interested to start this project and let Icarus fly higer than ever before...

Cheers!

1. 90% modeling quality is nothing. It is not real. You need to have 100%.
2. If this will happen (arrow) at every point with balance <=1500$ it will wipe you out. So 100% risk covers about 30% of all time.

Sorry but I don't believe you are trading 20 years

Hi ryuryu,

nice to meet you.

A DD of 60% (based on initial capital) vs a performance of 150% on a yearly base is not pefect, but in gridtrading accetable for me. I did not say the EA is perfect, did I? I want to make it better than it is now. And backtest are never real, this is why we call them test...Real is only running a system on a real account.

I do not care super much if you belive me I am a professional trader since 20 years. Maybe you misunderstood, I do not trade grids for busines, this is mainly something I do in my freetime...

Cheers

Please tell me what is the purpose of using Stoch and RSI at the same time? Also what is the purpose of using indicators for grid system? Why you are trying to find "best" entry for first order since your profit will not come from it, but comes mostly from grid? By the other hand what is the purpose and math approach to use static distance? Does the pair you trade always act the same way every day for years?

About 60% DD... it is not 60% it is 100% for 30% of your testings. Because it can occur earlier than you have increased your balance. But even 85% DD is OK if you have 150% gain I agree.

The code I would share is the old version without any indicators. My coder implemented a code from another EA witch had BB, Stoch and RSI inside. As you see from my settings, I mainly use BB for entry. The EA is contra trading the trend, therefore it makes sence and minimize risks, when starting a cycle in the area of possible overbought / oversold situations (our original version opend long and shortcycle imidiatly). It is not about finding best entries, it is about moving probability in our favour for a short price return, wich often closes the cycle in a short time in profits. At the moment I have 4 options for distance between the oders (static, lambert, fibo, martingale), one of the things I would love to impliment would be a logic linked to ATR for the future.

I actually like your second post more than your first, purly because in your first mail you have judged me without evan trying to get known to me, and you judged the EA on a single backtest. Yes, these are the settings I am trading on a small real money test acc atm, but of course I have also different settings with less risk involved.

So maybe its time for a new start: Hi, I am MaPi. In Feb 2000 I started as trader for a bank, Arbitrage of stocks and designated sponsoring on Xetra. 2002 I worked as market maker on the exchange of Hamburg. Since End of 2003 I am working in numerous function in the FX and CFD industry, including founding as managing director a brokerage in Cyprus. Since 4 years I am working as a coach for trader and as advisor for the industry. But this is not, what this thread is about: It's about my private hobby grid trading and an EA, me and a coder committed 6 months+ work in.

ATM you are writing a little of topic. My question to you and this wonderful forum, wich I am a fan of since quite a while, is:

Do you want me to share the original version of the EA (of course for free)?
Are you interested to optimize the EA if you like it?
Are any MQL4 coders interested to assist?

When 10 people do like this project I will post the EA (full version) and explain in detail logic and existing features....

Cheers

Quoting ryuryu

Disliked

{image} 1. 90% modeling quality is nothing. It is not real. You need to have 100%. 2. If this will happen (arrow) at every point with balance <=1500$ it will wipe you out. So 100% risk covers about 30% of all time. Sorry but I don't believe you are trading 20 years

Ignored

Some strategies are not tick dependant.
For example, any mid or long term bias based trading can be entirely careless to slippages of 30-40 pips or so.
When the bias is wrong? It does not help much, if one's average price is 40 pips higher or lower. Any 500+ movement will knee the account down.

I guess, in almost all other cases, you are right about the 100% tickness...

Hi, just to let you now, I will stop posting here because of the new one...

https://www.forexfactory.com/thread/1070898-free-grid-ea-ikarus-from-zero-to

Yes you right. But when people trading using grid EAs with same lot size/ tp/sl distances for EU, GU and Gold, not counting spreads, commissions and swaps... are using stoch and rsi at the same time, using 90% modeling quality for tests... hmm they just don't understand what is going on. Just a piece of puzzle. But you absolutely right that there is no need to have 100% quality if your strategy using 5000 point distance. It is just insignificant math error.