I get to this page: https://archive.codeplex.com/?p=rdzgridtraps and notice the EA done pretty good but later burn the account, I have a question, does the EA increase the position lots automatically in line with balance grow? If yes I think maybe that was one reason for blow the account. I'll going to start my test with this EA, and share my thoughts latter.
- #3,722
- Edited 6:13pm Jan 21, 2019 5:55pm | Edited 6:13pm
Hello!
Does anyone know how to configure or modify the EA so that the first order of the grid (either limit order or stop order) after starting the cycle opens automatically instead of waiting for the price to touch the order ("current price interval (points)" in the configuration)?
Thank you.
Greetings, Marius.
Does anyone know how to configure or modify the EA so that the first order of the grid (either limit order or stop order) after starting the cycle opens automatically instead of waiting for the price to touch the order ("current price interval (points)" in the configuration)?
Thank you.
Greetings, Marius.
- #3,724
- Nov 15, 2019 1:07am Nov 15, 2019 1:07am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
- #3,726
- Jun 29, 2020 9:50am Jun 29, 2020 9:50am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
- #3,729
- Nov 1, 2022 9:32am Nov 1, 2022 9:32am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
Not sure if this is good news or not for you.
I'm currently testing a similar strategy that is also using the grid system. Quite similar but with few differences.
Just to let it sink in, here's the strategy I'm developing as a bot. Watch this: .
The key points here: 
Not sure if this is useful, but here we go, statistics. 
My only addition was to put in Smart Stop Loss logic. Essentially, is to put a borderline on the upper and lower side, with the logic of where the active open positions are above or below the borderline and age more than (for example) a day or two, it'll force close it. Doing this will make the grid "cleaner" and there are not much of open positions at the end of any period. So, this allows you to force close all (with loss of course) and restart if you need to. See the picture below. 
Note, this is just a test. On my backtest experience, it's really best to avoid any pairs that matched with USD (because you've got NFP announcement and FOMC where the price can move rapidly like easily 50-100 pips in a minute. This time, your grid will look messed up.
I'm not going to make this public first, but let me test it out for a couple of months. You can always track my result on this: Forex Trading Profile of radityoardi | Myfxbook. If you're interested while I'm not yet making it public, you can always go to that guy's YouTube channel and buy his EA (I'm dead serious, ultimately my EA will not be free too).
That's it, I'm not going to talk much, see you in a couple of months forward.
I'm currently testing a similar strategy that is also using the grid system. Quite similar but with few differences.
Just to let it sink in, here's the strategy I'm developing as a bot. Watch this:
Inserted Video
The key points here:
- Open buy & sell at the same grid line, take profit at the next grid line (either above or below).
- Find pairs with the lowest volatility (this was something that I think it's genius!).
So, I wrote a bot for it. I'm writing in cTrader, no longer using MT4/MT5. The reason is mainly this: I'm developing an EA using grid, and definitely needs arrays, quick pre-processing, sorting, filtering, transforming an array into another array, and all those stuff. Working with MT4/MT5 is not worth my time since it's based on C++, so I'm coding in cTrader which will benefit the C#/.NET Framework world such as LINQ. The funny thing is, C++ is said to be the fastest but in my honest opinion, cTrader (C#) is faster than Metatrader, especially in trade execution.
And did a couple of backtests from 1st Jan 2021, showing a steady return so far. The lowest investment I can foresee is this: US$ 250 deposit and start with 0.01 lots and 15 pips intervals each grid line (15 pips is already too dense).
Not sure if this is useful, but here we go, statistics.
My only addition was to put in Smart Stop Loss logic. Essentially, is to put a borderline on the upper and lower side, with the logic of where the active open positions are above or below the borderline and age more than (for example) a day or two, it'll force close it. Doing this will make the grid "cleaner" and there are not much of open positions at the end of any period. So, this allows you to force close all (with loss of course) and restart if you need to. See the picture below.
Note, this is just a test. On my backtest experience, it's really best to avoid any pairs that matched with USD (because you've got NFP announcement and FOMC where the price can move rapidly like easily 50-100 pips in a minute. This time, your grid will look messed up.
I'm not going to make this public first, but let me test it out for a couple of months. You can always track my result on this: Forex Trading Profile of radityoardi | Myfxbook. If you're interested while I'm not yet making it public, you can always go to that guy's YouTube channel and buy his EA (I'm dead serious, ultimately my EA will not be free too).
That's it, I'm not going to talk much, see you in a couple of months forward.
If you ask me to code/fix your EA... it's probably not for free...
- #3,731
- Nov 4, 2022 1:17am Nov 4, 2022 1:17am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
The main risk in this kind of strategy is well known. If you are facing a big trend at a certain point you will not be able to open new trades because of margin requirement. The only way to survive is to close losing trades (possibly with a positive net result) and start a new cycle from zero margin.
The idea is to establish zones, the zone where the current price is in, the zone where the bot needs to execute pending orders, and the zones where it'll all close the losing trades. If you see my last image above, the price has gone far up or down already, but the leftover trades are only within that range.
Visually, it'll be like this in the chart. But hey, it's just testing.
The guy on YouTube uses target profit, where it will close all trades when it reaches a certain amount of profit. We'll see.
If you ask me to code/fix your EA... it's probably not for free...
