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The grid hedge - the core version

  • #141
  • Apr 6, 2008 8:45am Apr 6, 2008 8:45am
Quoting Autumm
i was thinking if we should adjust the lot sizes for orders further away from current prices to make it smaller.

so lot sizes could look something like this:
1st 0.15
2nd 0.13
3rd 0.11
4th 0.09
5th 0.07

As trends will slowly lose their strength, those at the extreme ends would not affect affect much if they were to be triggered and turn negative
Hello Autumm, thanks for your input. I have already tried this approach and it does work, the thing is that you would usually have a the first two orders triggered on both sides and your 3rd, 4th, and 5th order do not make up for the losing 1st and 2nd of the counter side, so it was not feasibly profitable.
  • #142
  • Apr 6, 2008 5:11pm Apr 6, 2008 5:11pm
Waiting for spreads to settle down. 5 entries on short side and 5 on the long side.
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  • #143
  • Apr 6, 2008 5:19pm Apr 6, 2008 5:19pm
Setting SL for 1st short order @ BE 1.5720.
  • #144
  • Apr 6, 2008 5:22pm Apr 6, 2008 5:22pm
BE for 1st order @ 1.5720
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  • #145
  • Apr 6, 2008 5:27pm Apr 6, 2008 5:27pm
Setting 2 stoplosses:

1st short order @ 1.5710 +10
2nd short order @ 1.5710 -10
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  • #146
  • Apr 6, 2008 5:45pm Apr 6, 2008 5:45pm
Out @ BE 0 pips, setting another sell order @ 1.5700
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  • #147
  • Apr 6, 2008 5:49pm Apr 6, 2008 5:49pm
Removed 1.5820 long order and replaced it @ 1.5720 on long side
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  • #148
  • Apr 6, 2008 5:51pm Apr 6, 2008 5:51pm
Since our 1st short order is closed @ 0 pips, setting a new sell order @ 1.5620 to maintain 5 orders on each side.
  • #149
  • Apr 6, 2008 7:10pm Apr 6, 2008 7:10pm
Locked in 20 pip profit.
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  • #150
  • Apr 6, 2008 7:12pm Apr 6, 2008 7:12pm
BE on second order @ 1.5680
  • #151
  • Apr 6, 2008 7:36pm Apr 6, 2008 7:36pm
Canceled long order @ 1.5800 set new long order @ 1.5700
  • #152
  • Apr 6, 2008 8:17pm Apr 6, 2008 8:17pm
Three orders open 20 pips locked in. Will be back for NY open.
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  • #153
  • Apr 6, 2008 8:23pm Apr 6, 2008 8:23pm
I agree with Craig. With only 20 pip intervals, you can repeatedly get hurt as the price ranges within the grid. OVER AND OVER without mercy. 7% down here.... 7% down there.

So can it work? Of course.... you can get huge trends and do well. Can you get wiped out? Yes. There is no rational reason why the market will trend or go sideways as you enter your longs and shorts.

PS) Good luck and I will watch this thread.... gotta keep the mind open.

Quoting Craig
...just when you thought it was safe to hang out in the graveyard, a shape emerges from a fog shrouded crypt, queue the theremin... the GRID MONSTER!!! This has been done to death on so many forums, the market trends and you get hammered. There is no free lunch, you need an edge.
  • #154
  • Apr 7, 2008 4:01am Apr 7, 2008 4:01am
Got two positions closed @ 1.5680.

  1. +20 pips
  2. BE 0 pips

Market is currently above 1.5700, have set two sell orders, @ 1.5700 and 1.5680 to maintain long-short positions balanced.

  • #155
  • Apr 7, 2008 7:15am Apr 7, 2008 7:15am
Market ranging, 2 positions open on the long side, 3 positions open on the short side. Will be back at 0:00 GMT to assess new set of orders.

+20 pips closed
  • #156
  • Apr 7, 2008 2:22pm Apr 7, 2008 2:22pm
hi isydeb may i now whats ur sl and tp for each trade cause actually i quite understand ur system but just dunno when to close my trade theres surely something to do with it.
  • #157
  • Apr 7, 2008 4:31pm Apr 7, 2008 4:31pm
No movement on the EURUSD today, the same five positions remain open and sell and buy orders remain as is. Market should speed up tomorrow.

Profit for the day 20 pips.
  • #158
  • Apr 7, 2008 4:38pm Apr 7, 2008 4:38pm
Quoting stan88
hi isydeb may i now whats ur sl and tp for each trade cause actually i quite understand ur system but just dunno when to close my trade theres surely something to do with it.
Hello Stan, good question!

The original rules of the core version say that you do not close positions unless you are overall in profit. So if you have 5 positions in profit on the long side and two losing positions on the short side then you would be in profit and could close all positions and orders.

There are no stop losses nor take profits, our short orders balance our long orders and work as a hedge, we let our profits outnumber our losses, this is why we do not set TP either.

This week I am showing you how I trade it personally with some intervention and discretion to make it profitable on days that the system would not be profitable as today we managed to pull in 20 pips on this pancake market.

Hope this is clear. Please feel free to ask any other questions you might have.
  • #159
  • Apr 7, 2008 6:00pm Apr 7, 2008 6:00pm
Quoting isydeb
Hello Stan, good question!

The original rules of the core version say that you do not close positions unless you are overall in profit. So if you have 5 positions in profit on the long side and two losing positions on the short side then you would be in profit and could close all positions and orders.

There are no stop losses nor take profits, our short orders balance our long orders and work as a hedge, we let our profits outnumber our losses, this is why we do not set TP either.

This week I am showing you how I trade it personally with some intervention and discretion to make it profitable on days that the system would not be profitable as today we managed to pull in 20 pips on this pancake market.

Hope this is clear. Please feel free to ask any other questions you might have.
thanks for the answer but is it i need to let it open till 5 position only i close my position?
can i just close my position with only 2 position open at long which is profitable and no position open at short.
and if i close the 2 position which i mention above do i need to start all over again with the system or just let the other pending order run?
thanks
  • #160
  • Apr 7, 2008 8:35pm Apr 7, 2008 8:35pm
Moved Long orders to 1.5780 and was stopped out for +200 pips.

  1. 1.5700 +80 pips
  2. 1.5720 +60 pips
  3. 1.5740 +40 pips
  4. 1.5760 +20 pips

Closed 3rd short order for a -142 pip loss

+200
-142
+ 20

Total of +78 pips

Restructured grid.

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