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Trading Strategies for Minimal Risk and Incremental Profits

  • Linked: ConstantGrid_MT4 | Demo Account XXXXXX55 Starting Apr 29, 2024
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  • #21
  • Mar 19, 2024 12:29pm Mar 19, 2024 12:29pm
Actually I am not a coder. I have just learnt to code some basic mql5 code by looking at youtube or google. So you can understand why it can't have any suspicious malware. Trust me and check in demo. Check the input value, optimize it for different condition, if it works on real tick, then please let me know..
  • #22
  • Mar 19, 2024 12:33pm Mar 19, 2024 12:33pm
Trust is a very expensive thing, you can't find in cheap people.
  • #23
  • Mar 20, 2024 12:27pm Mar 20, 2024 12:27pm
Hi Ooptimistic. I am very glad to have someone like you in this Forum.You are in deed a motivator. I just started like you as a retired civil servant without any business experience with children still in school age. I joined a class where Forex Trading was introduced to me when I had no business plan. After observing the setup i told myself "You can do it". It is this "You can do it" that is sustaining my never give up posture despite all odds. I drew an inspiration from your experience and decided no to give up the journey.
I saw your "240318-Optimistic-101" This is the mql5 file. Kindly give us the equivalent mql4 file format to enable me test it. We will discuss more later. Thanks.
  • #24
  • Mar 22, 2024 4:00am Mar 22, 2024 4:00am
Quoting Meo1991
Hi Ooptimistic. I am very glad to have someone like you in this Forum.You are in deed a motivator. I just started like you as a retired civil servant without any business experience with children still in school age. I joined a class where Forex Trading was introduced to me when I had no business plan. After observing the setup i told myself "You can do it". It is this "You can do it" that is sustaining my never give up posture despite all odds. I drew an inspiration from your experience and decided no to give up the journey. I saw your "240318-Optimistic-101"...
Hello! I'm really glad to hear that my journey and experiences have been inspiring to you. It's always heartening to know that sharing my story can positively impact someone else's journey.
Regarding the conversion of the MQL5 file to MQL4, unfortunately, I can't directly convert it for you. The two versions of MetaQuotes Language have significant differences, especially in terms of syntax and function availability. However, if you have a specific question about the code or need help understanding any part of it, feel free to ask. I'm here to help you navigate through it as best I can.
And yes, you're absolutely right about the importance of testing on a demo account, especially with trading robots. It's crucial to see how they perform in real market conditions before risking any real capital. Drawdown can indeed be a concern with automated trading systems, so thorough testing and risk management are essential.
Let me know if there's anything else you need assistance with, whether it's related to trading, coding, or anything else. I'm here to support you on your journey!
  • #25
  • Mar 22, 2024 4:05am Mar 22, 2024 4:05am
Quoting Ooptimistic
Greetings traders, Introducing "240318-Optimistic-101" Expert Advisor: I'm excited to present to you the "240318-Optimistic-101" Expert Advisor, a cutting-edge MT5 robot designed to maximize profitability in your trading endeavors. Your feedback and suggestions are invaluable as we strive to enhance its performance further. In the comment section, you'll find detailed insights into its functionality: "Signals" are generated through the crossover of Moving Averages (MAs), where one MA with a predefined period (currently set to 100) crosses another...
Greetings fellow traders,
I'm excited to share with you the latest version of my trading robot, now equipped with a trailing stop feature. To maximize its effectiveness, it's important to start with a small position size (such as 0.01) and implement a solid money management plan. This plan should outline how much you're willing to risk and aim to gain per day, week, or month. By adhering to this strategy, we can strive for consistent profits together.
I'm here to address any questions or concerns you may have about the new version of the robot. Let's collaborate and grow our trading skills collectively.
Attached File(s)
File Type: ex5 240318-Optimistic-102.ex5   65 KB | 192 downloads
  • #26
  • Mar 22, 2024 4:09am Mar 22, 2024 4:09am
As I start receiving positive feedback from users about my MT5 robot, I'll start the process of adapting it for MT4. Converting from MQL5 to MQL4 is a task that requires both time and patience. In the interim, I urge you to explore the advanced features of the new robot by opening a demo account in MT5 and testing it out. If there are specific features you'd like to suggest for addition, please feel free to share your thoughts. Let's continue moving forward together on this journey.
Additionally, I want to assure you that I'm not a professional coder, so there's no need to worry about me adding any spam to your MT5 .ex5 file. You can trust that I'm simply a trader who's had setbacks due to poor money management practices in the past.
  • #27
  • Mar 22, 2024 7:18pm Mar 22, 2024 7:18pm
Hi Ooptimistic,
I tried to back-test your 2nd Robot 240318-Optimistic-102.ex5 using Strategy Tester it could not open a single trade after one whole year it ran. I suspect that the "SpreadFilter=Not Okay" it always displays caused it not to function. I can adjust this while testing in a demo or Live account but not possible to be adjusted while it runs in strategy Tester. Is there anyway I can adjust this feature before back-testing it with Strategy Tester?
  • #28
  • Mar 22, 2024 7:23pm Mar 22, 2024 7:23pm
Hi Ooptimistic,
Meanwhile I have to commend you for your effort in your first robot 240318-Optimistic-101.ex5. I made a good return during the forward testing in a demo account.The 101 version did well, it means the 102 version will display wondeful professional performance Keep it up.
  • #29
  • Mar 22, 2024 11:50pm Mar 22, 2024 11:50pm
Quoting Meo1991
Hi Ooptimistic, Meanwhile I have to commend you for your effort in your first robot 240318-Optimistic-101.ex5. I made a good return during the forward testing in a demo account.The 101 version did well, it means the 102 version will display wondeful professional performance Keep it up.
Hi there,
Thank you so much for your feedback and encouragement! I'm thrilled to hear that you found success with the 101 version of my robot, 240318-Optimistic-101.ex5, during forward testing in your demo account. Achieving a good return on investment is always rewarding, and I'm glad the robot performed well for you.
I'm currently hard at work on the 102 version, and your confidence in its potential for wonderful professional performance is truly motivating. Rest assured, I'm dedicated to pushing the boundaries and delivering even better results with each iteration.
Your support means a lot to me, and I'll continue to strive for excellence in my trading strategies. Thank you again for your kind words, and I look forward to sharing the progress of the 102 version soon.
Best regards,
Ooptimistic
  • #30
  • Edited 2:45am Mar 23, 2024 1:20am | Edited 2:45am
Greetings fellow traders,
I've created new threads specifically dedicated to showcasing my trading robots. I invite you to join and subscribe to these threads to show your support for my work.
Here's the link: https://www.forexfactory.com/thread/...s-for-min-risk]
Your subscription and engagement mean a lot to me, and I appreciate your ongoing support.
Warm regards,
Ooptimistic
  • #31
  • Mar 23, 2024 8:06am Mar 23, 2024 8:06am
Greetings fellow traders,
I am pleased to share with you my MT4 and MT5 robots equipped with a grid system and trailing stop. Additionally, you can stay updated on the latest robot developments by following the page below.
Link:https://www.forexfactory.com/thread/...s-for-min-risk]
However, I must emphasize a cautionary note: Please refrain from engaging in live trading with these robots as they may experience significant drawdown at any given moment.
Thank you for your attention and understanding.
Best regards,
Ooptimistic
Attached File(s)
File Type: ex4 240323-GridSystemWithTS-201.ex4   40 KB | 174 downloads
File Type: ex5 240323-Ooptimistic_With_TS-103.ex5   54 KB | 165 downloads
  • #32
  • Mar 23, 2024 8:35am Mar 23, 2024 8:35am
Quoting Meo1991
Hi Ooptimistic, I tried to back-test your 2nd Robot 240318-Optimistic-102.ex5 using Strategy Tester it could not open a single trade after one whole year it ran. I suspect that the "SpreadFilter=Not Okay" it always displays caused it not to function. I can adjust this while testing in a demo or Live account but not possible to be adjusted while it runs in strategy Tester. Is there anyway I can adjust this feature before back-testing it with Strategy Tester?
Thank you for your positive feedback.
I would appreciate it if you could test the latest version of the robot. In latest version, I have removed the Spread filter and also included the MT4 robot. Please test both versions and provide feedback on whether they perform better with the trailing stop.
Looking forward to hearing from you.
Best regards,

Ooptimistic
Attached File(s)
File Type: ex4 240323-GridSystemWithTS-201.ex4   40 KB | 158 downloads
File Type: ex5 240323-Ooptimistic_With_TS-103.ex5   54 KB | 159 downloads
  • #33
  • Mar 23, 2024 8:23pm Mar 23, 2024 8:23pm
Hello traders,

I've made some modifications to the previous versions of the expert advisors (EAs) as the previous ones were opening more than one position at the same open price within the grid. As a result, I'm providing four EAs this time.
Two of them are designed for MT4, and the other two are for MT5. Each pair includes one with a fixed grid system equipped with trailing stop and moving average, while the other one has a grid that increases with more open positions to reduce the number of lots traded.
Please note the following considerations if you are doing backtesting:

 

  1. If the historical data quality is poor, the EAs may not perform optimally. Please ensure to check or choose a time period closer to the current year, such as 2023-2024, before testing them over a longer period.
  2. Start by testing them on the H1 time frame before trying lower time frames. Historical tick data will provide better results, especially for higher time frames.

Additionally, you can stay updated on the latest robot developments by following the page below.
Link:https://www.forexfactory.com/thread/...s-for-min-risk]
Thank you for your attention, and I look forward to your feedback.
Best regards,
Ooptimistic

Attached File(s)
File Type: ex5 240324-FixedGridSize_MA_TS-105.ex5   58 KB | 146 downloads

Attached File(s)
File Type: ex5 240324-GridSizeIncrease_MA_TS-106.ex5   58 KB | 155 downloads

Attached File(s)
File Type: ex4 240324-GridFixedSizeWith_MA_TS-202.ex4   40 KB | 192 downloads

Attached File(s)
File Type: ex4 240324-Grid_Increases_With_MA_TS-203.ex4   40 KB | 174 downloads
  • #34
  • Mar 24, 2024 8:14pm Mar 24, 2024 8:14pm
Hello fellow trader,
I'd like to inform you that the latest versions of the trading robots are MT4 version 203 and MT5 version 107. Currently, I'm running both versions on demo MT4 accounts as well as MT5 demo accounts. This thread will serve as a means for you to track their performance over time.
In one of the MT4 accounts, I've implemented a grid system with a 50-pip interval, while in the other account, the grid system operates with a 100-pip interval. The minimum lot size is set at 0.1. As the number of buy or sell positions increases, the position size will scale up accordingly based on this minimum lot size.
Additionally, to manage risk and balance the positions effectively, whenever a buy or sell position experiences a loss, the size of the opposite position will be increased proportionally. This strategy aims to optimize the balance between buy and sell positions and mitigate potential losses. Similar concept is applied to MT5 version.


Thank you for your attention, and I look forward to your feedback.
Best regards,
Ooptimistic
  • #35
  • Mar 26, 2024 4:32pm Mar 26, 2024 4:32pm
Greetings fellow traders!

In our grid system, it's crucial to pay close attention to price retracements. Take, for example, the recent movement of EUR/USD from 1.08 to 1.0870, followed by a retracement to 1.0830. Interestingly, many similar grid robots have shown positive results during such retracements, turning green. It's essential to emphasize that this is purely for testing purposes, and I strongly advise against live testing without thorough validation. Currently, I'm focused on enhancing our grid system by incorporating Fibonacci levels. Your support, whether it's through likes or subscriptions, motivates me to continually improve and minimize drawdowns. Thank you for your encouragement!

Best regards,
Ooptimistic
  • #36
  • Mar 27, 2024 3:38am Mar 27, 2024 3:38am
Your support and engagement are greatly appreciated as I navigate the challenges of forex trading. Your likes and subscriptions for future robot updates serve as invaluable encouragement for me.

Thank you for being a part of this journey with me.
  • #37
  • Mar 30, 2024 7:58am Mar 30, 2024 7:58am
Hello everyone,
I've implemented a Fibonacci level grid system into the trading robot. Now, it will only execute buy and sell orders when the price crosses those predefined Fibonacci levels. Additionally, you have the flexibility to control whether buy and sell orders are allowed through input setup.
This system also incorporates a trailing stop feature, which activates when a specified moving average surpasses the open price for buy orders, and vice versa for sell orders. Moreover, it introduces an intriguing concept where trades are opened based on Fibonacci level grids. Initially, a position is randomly opened when the robot starts, and subsequent positions are only opened when the price crosses the next buy and sell levels. These levels are always available in the trade explorer's comments.
One noteworthy aspect is that the robot opens only one trade per bar on the current chart, eliminating concerns about sudden news events. Furthermore, you can determine the trading direction based on moving average crossings, stochastic oscillators, or an ATR filter. You can easily enable or disable these features by adjusting the corresponding inputs.
I prefer keeping the indicator-based direction disabled as it doesn't significantly impact profitability.
Here are some key input parameters:

 

  1. Start and stop trading times
  2. Time to close open positions
  3. Lot size, take profit, and stop loss settings
  4. Trailing stop configurations
  5. Moving average and stochastic settings
  6. ATR filter parameters
  7. Options for selecting Fibonacci levels based on time range or bar period
  8. Magic numbers for buy and sell orders


Feel free to adjust these parameters according to your trading preferences.
Let's continue exploring the markets together!
[Note: Inputs are not optimized]
Best regards,
Ooptimistic

Attached File(s)
File Type: ex5 240330-Grid_Fibonacci_108.ex5   91 KB | 146 downloads
  • #38
  • Apr 1, 2024 8:57am Apr 1, 2024 8:57am
Hello traders,
I've incorporated modifications to my trading robot, enabling it to operate autonomously based on different magic numbers. Please review the changes and let me know if there are any errors.
Thank you
Attached File(s)
File Type: ex4 240401-grid-206-for multichart.ex4   92 KB | 150 downloads
  • #39
  • Apr 2, 2024 11:35am Apr 2, 2024 11:35am
Implementing this grid trading strategy, which typically targets fluctuations of about 200-300 pips, can often yield profits. However, a challenge arises when the price exhibits a directional trend of over 300 pips without breaking the established range, an occurrence that is relatively infrequent in the EUR/USD market. The primary concern in such instances is to minimize losses during these periods of extended directional movement.
  • #40
  • Last Post: Apr 8, 2024 11:39pm Apr 8, 2024 11:39pm
Hello traders,

If you're interested in a free robot with customization, I have one available for those who truly need it. Recently, I've come across optimal conditions backed by five years of reliable data. If you possess accurate historical tick data and are keen to try this new robot with tailored settings, feel free to direct message me.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB



best regards,
Ooptimistic
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