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Improve this grid EA

  • #1
  • First Post: Mar 3, 2021 11:19am Mar 3, 2021 11:19am
Hello,

I am sharing this EA for those who are good at coding or developing strategies. This EA uses a moving pending order with stoploss (OP_BUYSTOP), which moves just down with the price and once the price reverse and moves up enough, buystop is hit and the order is opened. It then openes other positions if the price keeps going up and always moves the SL to last order open price. Check it out, you can code the same stuff for SELL orders, I do not have much time for that.

What I need is to somehow sort out, when to run the code - e.g. just if price > 200 period EMA, etc., because it can be profitable under certain market conditions, and under some of them not (I need you to find the profitable ones). I ran it in backtest in march 2020 and it made 5000%, but was not profitable in other months. If you come up with any solution to make this grid profitable and robust, I will be thankful.

Best wishes
Attached File(s)
File Type: mq4 Improve grid EA.mq4   23 KB | 1,036 downloads
  • #2
  • Mar 8, 2021 11:30am Mar 8, 2021 11:30am
Hello,

anyone any ideas?
  • #3
  • Mar 11, 2021 9:30am Mar 11, 2021 9:30am
Quoting Ondrejj
Hello, anyone any ideas?
hi, you are probably not getting any responses because grid trading is considered by most to be more than impossible.

to make a grid trading system work, you are definitely going to need a trading system that is a tad more complex than your generic moving average nonsense.

best wishes.
  • #4
  • Oct 15, 2021 10:43am Oct 15, 2021 10:43am
Hi Ondrejj,

This thread is quite old. I stumbled upon it by accident while doing a bit of research for an article I am writing on grid trading for the newsletter of a trading group I belong to.

If you are still interested in this project I may be able to help you.

I do not claim to be an expert in grid trading but a couple of years ago I did create a couple of MT4 grid trading EA's that were modestly successful. One was for ranging markets and the other was for trending markets. I got involved in looking at grid trading again quite recently because one of our group members has become involved in trading crypto currencies using grid trading although apparently, some no longer call it trading but "wiggling"

I think I have a pretty good general idea of what makes grid trading profitable or otherwise.

I don't visit this forum often and probably won't check this thread again unless I hear from you. You may need to PM me if you want my input.
Please also note that my time and energy are somewhat limited. I mentor a few other traders (for free) and I am no longer young. I will however help you if and as I can.

Regards
Tim
Don't Guess Test
  • #5
  • Nov 15, 2021 2:12pm Nov 15, 2021 2:12pm
I stumbled to this post as I was looking for a perfect grid for my EA that uses horizontal line..did you ever find the solution?
  • #6
  • Dec 30, 2021 8:52am Dec 30, 2021 8:52am
Grid Trading - Interest and update
Since my post on Oct 16 2021, a couple of people have contacted me about grid trading.

I have been experimenting with grid trading on and off for the last couple of years. It is something that I am currently interested in but I don't consider myself to be an expert in this field.

From what I have seem, grid trading, particularly in Forex gets an undeservedly bad reputation because it is often carried out incompetently by people who have little or no idea about what they are doing.

I ran some grid trading tests on a live trading account in early Dec 2021 with quite encouraging results but there is still a lot of work to be done. I am still learning.

My current efforts are focused mostly on risk management and finding an efficient risk management algorithm which will hopefully solve one of the significant problems typically encountered with grid trading.

While I do not "need" input from others, there can often be a mutually beneficial synergy from sharing development work with one or two other capable and like minded individuals.

I tend to use a quantitative approach to this sort of work which involves the use of moderate math and programming skills A PhD in math is NOT required and most of the programming I do is in MT4. I also use R/RStudio quite a bit for statistical analysis and modelling.

The most important skill however is the ability to think constructively and logically through problems.

I am happy to discuss a collaborative arrangement with anyone who shares these sorts of skills and interests.

If interested, please PM me.

Regards
Tim
Don't Guess Test
  • #7
  • Jan 1, 2022 8:38am Jan 1, 2022 8:38am
Quoting TraderTim125
Grid Trading - Interest and update Since my post on Oct 16 2021, a couple of people have contacted me about grid trading. I have been experimenting with grid trading on and off for the last couple of years. It is something that I am currently interested in but I don't consider myself to be an expert in this field. From what I have seem, grid trading, particularly in Forex gets an undeservedly bad reputation because it is often carried out incompetently by people who have little or no idea about what they are doing. I ran some grid trading tests...
Here is a link to a grid EA that has had extensive work done on it.

https://www.forexfactory.com/thread/...3#post13837363
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #8
  • Jan 2, 2022 8:39am Jan 2, 2022 8:39am
Quoting skyf
{quote} Here is a link to a grid EA that has had extensive work done on it. https://www.forexfactory.com/thread/...3#post13837363
Thanks skyf,

I had a look at this code (Icarus 2.2) awhile back but I didn't see anything that was of much interest to me. It appears to me to be just the same old.. same old stuff. My objective is to develop new ideas and new approaches. Not just follow something that has been around for yonks

Regards
Tim
Don't Guess Test
  • #9
  • Jan 2, 2022 8:51am Jan 2, 2022 8:51am
Quoting TraderTim125
{quote} Thanks skyf, I had a look at this code (Icarus 2.2) awhile back but I didn't see anything that was of much interest to me. It appears to me to be just the same old.. same old stuff. My objective is to develop new ideas and new approaches. Not just follow something that has been around for yonks Regards Tim
Hi Tim, as creator of Icarus thread I am more than happy to discuss how we could turn the EA away from old school, cheers
Green pips 2 all of us!
  • #10
  • Jan 2, 2022 12:17pm Jan 2, 2022 12:17pm
Quoting TraderTim125
...The most important skill however is the ability to think constructively and logically through problems...
Hi Tim,
because you wrote that you are interested in new ideas, you can think about my "sliding hedge martingale".

- The grids are not fixed
- A trailing is made with the grid distance value. (The advantage is that the losses are smaller than the total grid spacing.)
- Instead of doubling the lots for the other direction, the calculation is based on: existing loss + profit.

It is advantageous to calculate with percentages.
In my thread @gerval understood the idea and found it to be good.
I posted the source code for an EA here . Is not finished yet, and if you have comments, you can post there.
  • #11
  • Jan 2, 2022 2:44pm Jan 2, 2022 2:44pm
Very interesting grid EA. Ran it on gold 1 jan 2018 till today and got this result below. Ran it on a US Cent account. To get to the real money, just x100.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2022-01-02 at 22.41.56.png Size: 2.3 MB
Click to Enlarge Name: Screenshot 2022-01-02 at 22.42.17.png Size: 2.2 MB
Maadik Hugiis. IQ 69.
  • #12
  • Jan 2, 2022 3:23pm Jan 2, 2022 3:23pm
Quoting MoneyZilla
Very interesting grid EA. Ran it on gold 1 jan 2018 till today and got this result below. Ran it on a US Cent account. To get to the real money, just x100. {image} {image}
glad u back

с новым годом
dolce vita
  • #13
  • Edited 9:03am Jan 3, 2022 8:46am | Edited 9:03am
[quote=SwingMan;13842511]{quote} Hi Tim, because you wrote that you are interested in new ideas, you can think about my "sliding hedge martingale". etc

Just the word martingale sends shivers up my back but perhaps I should try and be a little more open minded at least in the beginning.
Have you done any proper analysis of this idea?
If so I would be interested in an outline of your methodology

Regards
Tim
Don't Guess Test
  • #14
  • Edited 9:00am Jan 3, 2022 8:47am | Edited 9:00am
Quoting MoneyZilla
Very interesting grid EA. Ran it on gold 1 jan 2018 till today and got this result below. Ran it on a US Cent account. To get to the real money, just x100. {image} {image}
Sorry MoneyZilla
I am a bit underwhelmed
Regards
Tim
Don't Guess Test
  • #15
  • Jan 3, 2022 8:53am Jan 3, 2022 8:53am
Quoting babayaga
{quote} glad u back с новым годом
спасибо! за многая лета!️
Maadik Hugiis. IQ 69.
  • #16
  • Jan 3, 2022 8:54am Jan 3, 2022 8:54am
Quoting MaPi
{quote} Hi Tim, as creator of Icarus thread I am more than happy to discuss how we could turn the EA away from old school, cheers
Hi MaPi
Why don't you PM me and we can discuss things in a bit more depth
Regards
Tim
Don't Guess Test
  • #17
  • Jan 3, 2022 8:57am Jan 3, 2022 8:57am
Quoting TraderTim125
{quote} Thanks skyf, I had a look at this code (Icarus 2.2) awhile back but I didn't see anything that was of much interest to me. It appears to me to be just the same old.. same old stuff. My objective is to develop new ideas and new approaches. Not just follow something that has been around for yonks Regards Tim
Hi skyf,
Thanks for your PM. From what you said it sounds to me like you are at least on the right track.
Regards
TimW
Don't Guess Test
  • #18
  • Jan 3, 2022 9:13am Jan 3, 2022 9:13am
Quoting TraderTim125
...Have you done any proper analysis of this idea? If so I would be interested in an outline of your methodology Regards Tim
I posted a "what if" analysis here .

@robots4me has posted a test here .
I plan to install the sliding in the new EA for BodySwitch, where the hit rate is 60-70%.

The description of the sliding is very simply described in the first post of the thread:
Note #4 - The first idea for trading is to set after entry a trailing stop identical to the calculated distance between the lines.
At loss when the exit level is reached, one should trade in the opposite direction (a small hedge trade) with the same trailing stop.
Anyone who examines this rule will find that the use of a martingale can be very beneficial (I'm curious if someone will do that ...).
The number of lots can be calculated with a percentage of the capital, one can limit the number of simultaneous orders, etc.
  • #19
  • Jan 4, 2022 8:25am Jan 4, 2022 8:25am
[quote=SwingMan;13843457]{quote} I posted a "what if" analysis here .
Hi SwingMan,

I have had a look at the link you posted. All I could see was some sort of numerical table without any notes or explanations etc. In my experience, trying to track someone's hypothesis back through a forum thread is likely to be a frustrating waste of time.

Quote
Anyone who examines this rule will find that the use of a martingale can be very beneficial (I'm curious if someone will do that ...).
The whole point of an analysis is for the proponent of the theory to do the best they can to explain and prove it. Not to hope that someone else will come along and do it for them.

Repeating what I said in post #6 Dec 31, 2021 - While I do not "need" input from others, there can often be a mutually beneficial synergy from sharing development work with one or two other capable and like minded individuals.

In the sort of cooperative arrangement that I am proposing. it should be obvious that one of the key requirements is to be able to communicate clearly. To date only one person has come forward who seems to have any idea of what this is all about.

If you are interested in getting involved in my project and have something worthwhile to contribute you are welcome to PM me with some details. We can go from there.

Regards
Tim Wilson
Don't Guess Test
  • #20
  • Edited 9:42am Jan 4, 2022 9:05am | Edited 9:42am
Quoting TraderTim125
... I have had a look at the link you posted.
Thanks Tim for having the time to briefly consider my postings. You are even younger and more impatient than me, so I really appreciate that you have invested your precious time.
I actually overlooked your remark "I do not need input from others", and wrote a useless post, so I apologize to you and all readers.

I know that there is a lot of noise and smoke in this world, so I tried to summarize (as input) an interesting hedging variant in a few words in Note #4.
If someone thinks about it, there is no need for proof, and the little Excel spreadsheet gives enough information if one knows how to read it.

Quoting TraderTim125
...In the sort of cooperative arrangement that I am proposing. it should be obvious that one of the key requirements is to be able to communicate clearly.
I am amazed that you generally suggest that members can participate in an unknown project of yours.
Sorry, but I don't see any explanation in the forum what one can or should do, no proves from your previous research, no idea to debate, etc.

Many years ago I actively participated in a similar project ( MGH System (Martingale Grid & Hedging) ), I posted an EA there, and I know what it means when several people join in with interesting ideas.
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