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100% Win Math Grid Ea

  • #161
  • Oct 21, 2008 5:40am Oct 21, 2008 5:40am
This ea can be profitable used only as a tool for trading.
This method has to be babysited, watching the progression of lots,
and waiting for the breakeven scenarios, then closing trades or part of them at breakeven levels, freeing the margin....I think that breakeven scenarios can not be coded into this, it has to be done manualy!
forexflash
  • #162
  • Edited 10:47pm Oct 21, 2008 10:25pm | Edited 10:47pm
could Aroon indicator help?

setting momperiod 50

and entry signal is when ever then goes below 70

http://codebase.mql4.com/download/1350

may be not...
  • #163
  • Oct 22, 2008 12:20am Oct 22, 2008 12:20am
A thanks to TRK for modifying one of the first versions of Forexflash's EA. It's working like a charm!!

Here's what I said about how I'm using the attached revision:

"I've had 3 E/U charts open all nite and pegging moves from "00" to "00". Each chart has the EA set to start on the next price ending "00" and ready on the other open charts to open a new set of orders on the next 100 after the first set of trades is scheduled to closed (because I only use 2 levels at 33 pip increments).

So, whatever, I did, it IS working like a charm!!

Thanks TRK,
Jim"

If anyone has the time, desire, or ability to run a historical test using the parameters I have set to default and understands the strategy is to trade from every move from a "00" price to the next hit of a "00" price, and so on.....please share the results.
Attached File(s)
File Type: mq4 recodemGRID EAv01.mq4   11 KB | 3,606 downloads
  • #164
  • Oct 22, 2008 7:13pm Oct 22, 2008 7:13pm
Quoting learningtheropes
A thanks to TRK for modifying one of the first versions of Forexflash's EA. It's working like a charm!!

Here's what I said about how I'm using the attached revision:

\"I've had 3 E/U charts open all nite and pegging moves from \"00\" to \"00\". Each chart has the EA set to start on the next price ending \"00\" and ready on the other open charts to open a new set of orders on the next 100 after the first set of trades is scheduled to closed (because I only use 2 levels at 33 pip increments).

So, whatever, I did, it IS working like a charm!!

Thanks TRK,
Jim\"

If anyone has the time, desire, or ability to run a historical test using the parameters I have set to default and understands the strategy is to trade from every move from a \"00\" price to the next hit of a \"00\" price, and so on.....please share the results.
so if you put 50 in start price it will start grid at every 50 price levels(every 100 pips)
  • #165
  • Oct 24, 2008 10:46am Oct 24, 2008 10:46am
Quoting rbrtsha
so if you put 50 in start price it will start grid at every 50 price levels(every 100 pips)
If you are using the modified EA version in my previous post, the start price function is to specify an actual price from where you want the EA to straddle the pair with pending buys and sells. The increment function is the spot to specify the number of pips away from the start price, and distance away for subsequent buys and sells for the number of levels you select.

So, in the attached example. The EA is turned on for live trading, but it will not begin to place pending orders until the bid price touches 1.2700, once it does it will places buys at 3 levels all 50 pips away (1.2750, 1.2800, 1.2850) with a T/P at 1.2900 for all of them. The same will be done for sells starting down at 1.2650, and so on, with overall T/P for all 3 sell trades at 1.2500. The EA adjusts the number of lots needed to trade at each level based on where price whips around to and touches levels in the buy range then drifts to sells levels and back up again, etc.

Hope that helps,
Jim
Attached File(s)
File Type: doc Grid EA.doc   155 KB | 3,368 downloads
  • #166
  • Oct 24, 2008 11:52am Oct 24, 2008 11:52am
Quoting learningtheropes
If you are using the modified EA version in my previous post, the start price function is to specify an actual price from where you want the EA to straddle the pair with pending buys and sells. The increment function is the spot to specify the number of pips away from the start price, and distance away for subsequent buys and sells for the number of levels you select.

So, in the attached example. The EA is turned on for live trading, but it will not begin to place pending orders until the bid price touches 1.2700, once it does it will places buys at 3 levels all 50 pips away (1.2750, 1.2800, 1.2850) with a T/P at 1.2900 for all of them. The same will be done for sells starting down at 1.2650, and so on, with overall T/P for all 3 sell trades at 1.2500. The EA adjusts the number of lots needed to trade at each level based on where price whips around to and touches levels in the buy range then drifts to sells levels and back up again, etc.

Hope that helps,
Jim

the grid EA should work very well nowadays with this idea, but if markets are ranging and be messy, what would happen then?
  • #167
  • Oct 24, 2008 12:41pm Oct 24, 2008 12:41pm
Quoting treuzelen
the grid EA should work very well nowadays with this idea, but if markets are ranging and be messy, what would happen then?
It will wipe your account!!!
forexflash
  • #168
  • Oct 24, 2008 4:36pm Oct 24, 2008 4:36pm
Quoting FOREXflash
It will wipe your account!!!
A few thoughts on that:

1. There is no holy grail or guard against account blow-up. Proper leveraging and common sense are your best defense..........greed can be ugly. In a ridiculous scenario, if one's initial lot size was .01 (a penny per pip) on a 6 digit account what do you think the odds of a blow up to be??? On a pair like E/U......not likely, correct? So my quest is to make up the craziest of ranging scenarios (looking at history as a reference) and make sure my lot sizes compared to equity keeps me winning with isolated risk, recoup my investment capital (as in withdraw it), then keep the truck rolling with "house money".

2. I'm a little less comfortable just starting this EA, letting it go continuously, and hoping to run the gauntlet (as in, get lucky) vs. being selective about when and when not to run the EA. Unfortunately, this takes a little intuition and experience. But the other edge I see from experience is the way I've been running this thing between the "00"s. The psychological barriers are very valid reference points where stops and targets are placed, so these levels give the appearance of natural price magnets. I believe a trader could use this in reference to other barriers where price will be attracted and therefore react, like good 'ol S/R, fractals, Fibs, Pivots, Bollingers, common MA's.

3. Agreed, the current volatility gives the EA some advantage, but with the good comes the bad. In my method of use, I'm getting tons of trade opportunities, and therefore collective profits, however, when THIS market stagnates and ranges, I believe to be even more dangerous than normal conditions. Yesterday and toady's NY session are prime examples. Above average movement and market indecision both days would have opened multiple buy and sells with increasing lot sizes opening all over the place!! Yesterday I faced my biggest DD during NY, which was around $500-$550 starting at .1 lots (.10 per pip) on a $2K account. Today, I closed the 4th successful London session trade between the "00"s just before 9am CST, but I did not dare enter again with how nuts the Dow prospects were looking, plus I'm still wondering how to deal with weekend gaps on Sunday open.........so far, I have had no open trades going into a Friday nite, so more to come there. On the other hand, looking back at more historical E/U price action, you would average a lot less touches of the "00"s but the ranging periods would be much tighter, and longer, and current volatility and any scary moments would take longer to unfold.

All-in, if you focus on my comments on number 1, I think a nice return is very doable, if greed does not kick in without a streak of good luck in front of it.
  • #169
  • Oct 24, 2008 6:00pm Oct 24, 2008 6:00pm
I would like to chime in here and let everone know my results so far. I have tried running backtests on this ea but I'm not satisfied with the results. I have even run backtest with the same parameters on different days and have gotten different results so I figured I'm just wasting my time there. The only real way to test this ea is with live forward testing. I have done that now since 10/9 with some pretty impressive results.

I started with an old demo account on Alpari US with a $4617.26 balance. I'll attach my set file but my basic settings to start were increment - 20, lots .1, levels - 2. This seemed fairly safe but I didn't like how much margin was used so after the first day of trading I changed the lots to .01 and max lots to 1. Since 10/9 my account today is now at $5562.50 for an increase of 20.5% over the past 2 weeks trading micro lots. Very nice. And with all this market volatility it's even more impressive. I'm trading the euro on a 1 hr chart.

Total closed trades are running at the 75% win level, but 1 loss equals 3 wins so the 4th win is the profit. Not huge gains but a nice steady growth in the account balance is what I'm after.

A question for ForexFlash. What is the strategy for the max lots, money management and the risk ratio? I would like to understand these settings a little more. What I have now is working good and no sign of any account blow-up yet, but I'm still waiting. If the money management and risk settings can be set so you have a corresponding growth in lot sizes compared to your account would be outstanding.

I know another trader using similar setiings on an alpari uk account and it's losing. Does the broker matter? I would think not, but after hearing his results I'm not so sure.

Anyway, flash if you could give an explanation of the settings I asked about it would really be appreciated. Nice job on this ea so far. By the way, I'm using the original version in the first post.

Hmmmm, it won't let me upload my preset file so I'll just attach the ea as I have it set.
Attached Image (click to enlarge)
Click to Enlarge Name: mgrid1.gif Size: 6 KB
Attached File(s)
File Type: mq4 mGRID EA.mq4   9 KB | 1,336 downloads
  • #170
  • Oct 25, 2008 12:38am Oct 25, 2008 12:38am
regarding the broker, I think it DOES matter with one you use . I let a demo run on the different ones with same settings, 1 account was blown, the other had good profits. I think you need ECN broker if you don't want your market maker is blocking or manipulating your orders.
  • #171
  • Oct 25, 2008 3:05am Oct 25, 2008 3:05am
[quote=coolhand;2303996]
A question for ForexFlash. What is the strategy for the max lots, money management and the risk ratio? I would like to understand these settings a little more. What I have now is working good and no sign of any account blow-up yet, but I'm still waiting. If the money management and risk settings can be set so you have a corresponding growth in lot sizes compared to your account would be outstanding.
quote]

Explanation of external inputs:

INCREMENT=35; \\ pips betwen each level
LOTS=0.1; \\ size of starting lots
LEVELS=3; \\ number of levels below and above the price
MAX_LOTS=99; \\ if opened trades exceds 99lots all trades will be closed
MAGIC=1803; \\ mag. number
CONTINUE=true; \\ will ea continue to trade after closing of first set
MONEY_MANAGEMENT=false; \\ money managment
RISK_RATIO=2; \\ if used with true MM, risk ratio works..it can be from 1-10
UseEntryTime=false; \\ do you want to trade at specific time of day
EntryTime=0; \\ on what time do you want trades to be executed (0-24)

So....money management works, and you need to set risk ratio(the bigger risk means bigger lots),
so lots will get higher based on growth of your account!
forexflash
  • #172
  • Oct 26, 2008 4:15am Oct 26, 2008 4:15am
Quoting learningtheropes
A thanks to TRK for modifying one of the first versions of Forexflash's EA. It's working like a charm!!

Here's what I said about how I'm using the attached revision:

\"I've had 3 E/U charts open all nite and pegging moves from \"00\" to \"00\". Each chart has the EA set to start on the next price ending \"00\" and ready on the other open charts to open a new set of orders on the next 100 after the first set of trades is scheduled to closed (because I only use 2 levels at 33 pip increments).

So, whatever, I did, it IS working like a charm!!

Thanks TRK,
Jim\"

If anyone has the time, desire, or ability to run a historical test using the parameters I have set to default and understands the strategy is to trade from every move from a \"00\" price to the next hit of a \"00\" price, and so on.....please share the results.
I have tried to run this but it only seems to open one trade is that why you where using 3 charts. one for the current price and one 100 pips above and below?
  • #173
  • Oct 26, 2008 10:02am Oct 26, 2008 10:02am
[quote=FOREXflash;2304174]
Quoting coolhand
A question for ForexFlash. What is the strategy for the max lots, money management and the risk ratio? I would like to understand these settings a little more. What I have now is working good and no sign of any account blow-up yet, but I'm still waiting. If the money management and risk settings can be set so you have a corresponding growth in lot sizes compared to your account would be outstanding.
quote]

Explanation of external inputs:

INCREMENT=35; \\ pips betwen each level
LOTS=0.1; \\ size of starting lots
LEVELS=3; \\ number of levels below and above the price
MAX_LOTS=99; \\ if opened trades exceds 99lots all trades will be closed
MAGIC=1803; \\ mag. number
CONTINUE=true; \\ will ea continue to trade after closing of first set
MONEY_MANAGEMENT=false; \\ money managment
RISK_RATIO=2; \\ if used with true MM, risk ratio works..it can be from 1-10
UseEntryTime=false; \\ do you want to trade at specific time of day
EntryTime=0; \\ on what time do you want trades to be executed (0-24)

So....money management works, and you need to set risk ratio(the bigger risk means bigger lots),
so lots will get higher based on growth of your account!
OK Flash I understand the MM concept, but my question is regarding the risk ratio, exactly what is the ratio? It's now set at 2, but what does that represent regarding my account size? Does it mean 2% or .2 lots or what is the formula? Just trying to get an idea where to set it. Also, regarding the max lots setting. Does this mean that the ea will only place trades up to this max amount? Just want to be clear on these settings so I have a full understanding. Thanks.
  • #174
  • Oct 26, 2008 10:19am Oct 26, 2008 10:19am
[quote=coolhand;2305003]
Quoting FOREXflash

OK Flash I understand the MM concept, but my question is regarding the risk ratio, exactly what is the ratio? It's now set at 2, but what does that represent regarding my account size? Does it mean 2% or .2 lots or what is the formula? Just trying to get an idea where to set it. Also, regarding the max lots setting. Does this mean that the ea will only place trades up to this max amount? Just want to be clear on these settings so I have a full understanding. Thanks.
Yes, ea will place only trades up to the max amount of lots, that means that
if open positions exceds max lots, all trades will be closed!
And regarding MM question, this is how ea calculates lots......
(AccountBalance()*AccountLeverage()/1000000*RISK_RATIO,0)

Regards
forexflash
  • #175
  • Oct 26, 2008 1:42pm Oct 26, 2008 1:42pm
if i change the magic number in metaeditor to run 2 different grids will it automatically change the magic number on a grid already on a chart and in use??
  • #176
  • Oct 26, 2008 1:52pm Oct 26, 2008 1:52pm
No!!!
forexflash
  • #177
  • Oct 28, 2008 2:01pm Oct 28, 2008 2:01pm
Quoting learningtheropes
A thanks to TRK for modifying one of the first versions of Forexflash's EA. It's working like a charm!!

Here's what I said about how I'm using the attached revision:

\"I've had 3 E/U charts open all nite and pegging moves from \"00\" to \"00\". Each chart has the EA set to start on the next price ending \"00\" and ready on the other open charts to open a new set of orders on the next 100 after the first set of trades is scheduled to closed (because I only use 2 levels at 33 pip increments).

So, whatever, I did, it IS working like a charm!!

Thanks TRK,
Jim\"

If anyone has the time, desire, or ability to run a historical test using the parameters I have set to default and understands the strategy is to trade from every move from a \"00\" price to the next hit of a \"00\" price, and so on.....please share the results.

I am testing the recodemgrid ea v1 on EURUSD time frame M1 pips =10 on demo account with 0.1 lot.
Its a reel pleasure in less than 15 minutes the sequence is closed with a win small amount 2 or 3 $.
The problem is that I have to input every quarter the new starting amount.
I am not a coder
Is somebody interseting to code an starting date an hours and an stop date and hours ?
I avoid news times to evoid losses (smalls as far now 1 or 2 $)

Robert
  • #178
  • Oct 28, 2008 6:22pm Oct 28, 2008 6:22pm
[quote=FOREXflash;2305019]
Quoting coolhand

Yes, ea will place only trades up to the max amount of lots, that means that
if open positions exceds max lots, all trades will be closed!
And regarding MM question, this is how ea calculates lots......
(AccountBalance()*AccountLeverage()/1000000*RISK_RATIO,0)

Regards
OK. Thanks for the formula Flash. Here is an update. I changed the settings to MM = True and left the risk ratio at 2. The ea is opening .01 and .02 lots just as before so we'll see how it increases. I started on Sunday with my balance at $5562 and it's now at $5703 for a total increase of 23.5% since 10/9 trading micro lots for everyday but 1. This ea just keeps on banking the pips with my settings. I'm still using the original version from the first post.
Attached File(s)
File Type: mq4 mGRID EA.mq4   9 KB | 1,657 downloads
  • #179
  • Oct 29, 2008 9:02am Oct 29, 2008 9:02am
Quoting coolhand

OK. Thanks for the formula Flash. Here is an update. I changed the settings to MM = True and left the risk ratio at 2. The ea is opening .01 and .02 lots just as before so we'll see how it increases. I started on Sunday with my balance at $5562 and it's now at $5703 for a total increase of 23.5% since 10/9 trading micro lots for everyday but 1. This ea just keeps on banking the pips with my settings. I'm still using the original version from the first post.


can you post your statements (and/or the charts)? I'd like to see how they compare to some of my tests. $141 trading .01 lots is a decent increase. If i had a $5500+ account i'd probably trade .1 lots, but to each his own. Keep up the testing!
  • #180
  • Oct 29, 2008 5:19pm Oct 29, 2008 5:19pm
Quoting Jwentro
can you post your statements (and/or the charts)? I'd like to see how they compare to some of my tests. $141 trading .01 lots is a decent increase. If i had a $5500+ account i'd probably trade .1 lots, but to each his own. Keep up the testing!
I'll attach a zip of my statement as it's a big file. I started at $4600 with .1 lots but I wasn't comfortable with the margin used so I lowered it to .01. Made $100 today. Looking for slow steady growth. Will keep with the updates. Account is now up 27% since 10/8 actually.
Attached File(s)
File Type: zip mgrid1.zip   73 KB | 2,144 downloads
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