Disliked1. When I started testing 1.1, I found that I needed to load indicatorsIgnored
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Free Grid EA Ikarus - From zero to hero
Hi, Alls, I would like to share you some interesting findings about grip trading logics. As you have already known I am tuning and improve my Robin these days. I found something interesting about grid size of grid trading. It seems to be a fact that success or failure of a grid trading depends on the grid size you chose. How to choose an appropriate grid size to trade is then become an issue. The original Icarus_2.2 does not have indicator like ATR for help to decide an appropriate grid size. Of course, you could run optimization of one year back...
I am a hobby trader, but I can also programming on the medium level in MQL5 since 3 years.
I tested a lot of strategies and concepts, talked to a few experienced traders, and after these three years I lost a lot and earned little
I started to notice a different dimension of trading, instead of fighting for a setup, you have to manage your position.Currently, I am at the stage of analyzing the requirements and assumptions for EA that perfectly fit the Mapi thread and your observations above. unfortunately, regular work means that I cannot devote myself to this activity 24/7
If Mapi agreed, maybe it would be possible to deal with the whole thread about EA studies and development based on an intelligent grid
also if Mapi and You agree, I will share the specification of this Strategy/EA here, and maybe it will shed some new light on ideas, and make better next versions of EA.
My strategy is based on several assumptions: 1) the moment of entry is not that important 2) the most important thing is to have a system that is 100% adaptable to the conditions that appear on a regular basis 3) an ideal system is one where there are no rigid parameters, e.g. "grid size"
- #1,085
- Edited 4:15pm Aug 6, 2021 2:56pm | Edited 4:15pm
- Joined Feb 2021 | Status: Trader | 344 Posts
{quote} If Mapi agreed, maybe it would be possible to deal with the whole thread about EA studies and development based on an intelligent grid also if Mapi and You agree, I will share the specification of this Strategy/EA here, and maybe it will shed some new light on ideas, and make better next versions of EA. My strategy is based on several assumptions: 1) the moment of entry is not that important 2) the most important thing is to have a system that is 100% adaptable to the conditions that appear on a regular basis 3) an ideal system is one where...
I agree with your assumptions. For a grid trading EA, the moment of entry is not so important. I hope we can develop a grid trading EA that can sense real time price action from the market and adapt itself to follow the price action. ATR for grid size determination is one of the mechanism to auto fit the market price action, but it is not enough. We need a totally adaptable strategy and control logic for the EA to run on any market situation. For instance, a trend market favors the with trend grid trading strategy, a ranging market favors the against trend grid trading strategy. Then, how does the EA can sense or feel the market is in ranging or trending is the first issue. Also, how to switch between two strategies to fit the market PA is the second issue. How to manage two different strategies in one EA is a final issue. Do you have any idea of above issues?
I would like to share what I have learned to beginning the informative discussion with you. I have learned that almost 30% market PA is in trending and 70% in ranging. To a trending market, I found we can use real time ATR to determine a better TP so that we can earn as much as we can. For example, if we can tune a set of parameters for ATR (time frame, period, and multiplier) to fit the symbol you are going to trade, the result is very profitable. To implement it, we don't set any TP of a position to enter the market, we check the real time ATR value to determine whether or not we close the position in profit. Take XauUSD as an illustration, the PA is trend up in May 2021 and is trend down in June 2021, a simple EA that enter a trade based on any potential trending indicator, use support/resistance as the SL and real time ATR to take profit. Run the EA from 5/3 to 6/30, beginning with 1000 USD, 0.7 lots for each trade, at the end, we have 16316 USD in result.
I need to learn is what is the better trading strategy for a ranging market?
{quote} hello, thanks to Mapi for the launch and moderation This thrrad, and to you for your great support. I am a hobby trader, but I can also programming on the medium level in MQL5 since 3 years. I tested a lot of strategies and concepts, talked to a few experienced traders, and after these three years I lost a lot and earned little
Cheers
Green pips 2 all of us!
Thank you Mapi and TeChaoLiang for your consent.
Over the weekend I spent a bit on the analysisi and coding and it dawned on me that trading with the grid is nothing more than trading with Stop Loss, only SL it is created in a specific way.
Finally, this whole grid-based "entry/exit" model generates specific coefficients, such as:
1. Proft Factor
2. Recovery Factor
3. Sharp-Ratio
4. the Z-Score
Following this way, treating the model as a black box, you can generate n-variations of the model that will give similar indicators as "grid" model, and will not be based on the grid
In "grid" way that it is easier to accept the loss, because it is somewhat "hidden" behind the n order positions. It is different with the traditional SL and TP. Where SL touches us immediately and we feel emotions here and now. In grid, emotions are spread over time, the losses are also the same as in the traditional model, as no bigger.
Next thing is the strategy entitled:
1. Do I want to add to losing positions, hoping that their direction will change
2. Do I want to add to the earning positions, hoping that they will be even greater.
My trading nature is that 2
For this reason, I started my research and verification of various theses that may lead to what in the future.
I created a separate thread for this. Nevertheless, I will stay here with you because, as you know, it is always worth talking.
Over the weekend I spent a bit on the analysisi and coding and it dawned on me that trading with the grid is nothing more than trading with Stop Loss, only SL it is created in a specific way.
Finally, this whole grid-based "entry/exit" model generates specific coefficients, such as:
1. Proft Factor
2. Recovery Factor
3. Sharp-Ratio
4. the Z-Score
Following this way, treating the model as a black box, you can generate n-variations of the model that will give similar indicators as "grid" model, and will not be based on the grid
In "grid" way that it is easier to accept the loss, because it is somewhat "hidden" behind the n order positions. It is different with the traditional SL and TP. Where SL touches us immediately and we feel emotions here and now. In grid, emotions are spread over time, the losses are also the same as in the traditional model, as no bigger.
Next thing is the strategy entitled:
1. Do I want to add to losing positions, hoping that their direction will change
2. Do I want to add to the earning positions, hoping that they will be even greater.
My trading nature is that 2
For this reason, I started my research and verification of various theses that may lead to what in the future.
I created a separate thread for this. Nevertheless, I will stay here with you because, as you know, it is always worth talking.
- #1,100
- Edited 10:05am Aug 13, 2021 9:14am | Edited 10:05am
After five months, during the non-agricultural period of this month, EA opened its position with the largest number of hands, sustained a floating loss for a week, and suddenly reached the original TP position today. As a result, it turned out that the two 0.01 positions were opened in reverse, and there was a hedging phenomenon, which is unimaginable
