100% Win Math Grid Ea

hi been following the thread for a while,and a lot of thanks
to forex flash for his ea and his updates.
could forex flash please explain the inputs in bb_mgrid ver7
i have been getting some very good results but i dont understand all the
inputs to tweak it some more.

also how does the bb grid determine the trend,because it seems to
imediately start of another grid right after it completes a grid.

by the way i am forward testing this on a demo account.

hi
just looked at the history of trades using bb grid
there is section of trades that dont make sense if someone can
please take a look and explain.

And this is based on what? I make 8 Trades per Day per pair.


also since my Open_Loss_to_closetrades = $100 I'm not all that concerned at the moment. This is why we demo test. In addition, by trading across multiple pairs (that are currently correlated) i don't subject myself to the drawback of trading a single pair.


Not to mention I am demoing on settings that are reasonable and within reach of a normal trader. No one in this forum is trading on a $50k account.

Anyways . Check the update below. The EA handled quit well today. Pretty typical.

Looks like it may be time to drop EURGBP

So far, so good.

hi again,

sorry if i have not provided enough info,but i have caught these trades
being made on a eurusd pair,


there seems to be a lot of trades being opened at exactly the same time
and for the same trade type.
ie 6 buy trades for the same amount at the same time.

is this logical,from what i have understood from going thru this thread
i think there is something wrong here.

this ea seems to do excellent trades,but here is something to look at.

could someone please take a look and provide an answer.

an answer from forexflash or anyone else would be graetly apreciated.

thanks

sorry,forgot to add the ea being used

the above trades where made using bb_mgrid ver7
ie 6 buy trades at the exact same time.

thanks

infinite123, the logic of the ea is correct, there are many trades at same level simply becouse to cover the other side losses and came out with profit!
Regards

Thank you FOREXflash to share with us this great EA.

I use it with good profit since 2 week, after loss two demo account for learn how we must manage this EA.
I want to share with you the indicator i use to stop or start the EA with market volatility. It's for me the best volatility indicator for metatrader.
I use it manualy, i m not a programer.
It's the Damiani-volatility-Indicator: if the green line is above the gray, you trade, if it s not, you don't.

bonne journée.

Hello all,
Just found the thread and really liked the idea. I am starting demoing the BB version and just wanted to make sure I correctly understand the input variables. There are some I do not know exactly what they are for:

Lots: Initial order size
Margin stop: Max % margin used before closing all orders
Pips: Increment between levels
Levels: number of levels per block
Profit levels: ??
Continue trading: False leads to stop trading after the first block is closed
Use entry time: Start trading from the entered time
Entry time: Time the EA begins to trade
(there is no closing time?)

BB settings
BB period: Indicator setting
BB dev: Indicator setting
Thresh1: ??
Thresh2: ??
Entering difference: distance between upper and lower Bollinger Bands

The question is how the BB´s are used. If the BB width is higher than the entered value, does it keep from opening a new block once the current one is closed, or does it stop placing pending orders within the current block?

Please advice... Thanks a lot

Middleastern

thanks forexflash for your quick answer and for the ea

hi fcaillou,
thanks for the indicator,what time frame are you using it on

thanks again

Hi FF,
The BB version seems to have a problem with the placement of pending orders and their sizing. I´ve been demoing it with default settings. It hit the 3rd sell stop and placed 3 buy stops, each with a size of 0.09 lots (initial lot size = 0.03). When the first two buy stops were hit in the same block, no sell stops were placed at all.
Have you experienced this problem (or anyone else using this version)?

is it safe to say i was jinxed yesterday?

I have been forwarding testing the EA for about one week now on the M15 frame.

Starting Balance:$51,989.46
Current Balance: 53,091.38

I opened the EA on the following Pairs and let it Run:

EUR/USD, USD/JPY, GPD/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD,EUR/GBP, and EUR/JPY


Anyone else having success forward testing this EA?

I'm Using MGRID 7.0... Is that the current version being tested?

http://www.forexfactory.com/images/misc/progress.gif

I use the Damiani Indicator with 15min timeframe, the same as the EA.
It help in this "bizare" market to know when you can begin to trade and when the EA can margincall your account just with the number of trade in the same time.
Have a good day.

Hi forexflash, how can we add time start and stop automatically so we can limit this ea to trade on specific session only. for example, i wanna start at 01.30 GMT till 07.30 GMT for the last position opened by mgrid, but once TP done and time passed 07.30 GMT, ea won't open positon again. i think this strategy can save our bullets when we trade using this "amazing" mGrid!

I just finished reading the whole thread a couple of days ago and started playing with the EA´s just yesterday, so I apologize if I am not getting it right, however….I am troubled with the math used in the system. I´ll try to be as clear as possible, though English is not my mother tongue.

Simply put, the system consists in three straddles at increments of x pips placed at each side from current price. Every time an order is filled (a buy order, to simplify things), three sell-stop orders are placed, at the first, second and third levels, sized 1, 2 and 3 units, respectively. Every time an order is triggered, three pending orders are placed in the opposite direction as per the above, right?

Let´s imagine the following scenario. Let´s say price is 1.0000, increment = 100 pips, 3 levels. The grid then looks like this:

TP/SL ------------------------------------------------ 1.0400
3rd long level --------------------------------------- 1.0300
2nd long level -------------------------------------- 1.0200
1st long level --------------------------------------- 1.0100
------------------------------------------------------- 1.0000
1st short level --------------------------------------- 0.9900
2nd short level -------------------------------------- 0.9800
3rd short level -------------------------------------- 0.9700
SL/TP ------------------------------------------------ 0.9600

Let´s assume price goes up, reaching the third buy-stop level but not the TP. Then it falls sharply, reaching the third sell-stop but not the end of the block. Then it rallies again, going up until the TP is hit, closing the block at 1.0400. Quite a whipsaw, isn´t it.
Well, what happened here when the block was finally closed at 1.0400?

First rally
Long orders triggered
Size Entry Price Pips gained/lost Profit/loss Total
1...... 1.0100........... 300 .............300
1...... 1.0200........... 200 .............200
1...... 1.0300........... 100 .............100.........600


Price fall
Short orders triggered
Size Entry Price Pips gained/lost Profit/loss Total
1....... 0.9900 ......... -500 ...........-500
1....... 0.9900 ......... -500 ...........-500
1....... 0.9900 ......... -500 ...........-500
1....... 0.9900 ......... -500 ...........-500
1....... 0.9800 ......... -600 ...........-600
2....... 0.9800 ......... -600 ...........-1200
2....... 0.9800 ......... -600 ...........-1200
2....... 0.9800 ......... -600 ...........-1200

1....... 0.9700 ......... -700 ...........-700
3....... 0.9700 ......... -700 ...........-2100
3....... 0.9700 ......... -700 ...........-2100
3....... 0.9700 ......... -700 ...........-2100..... -13200

Final rally
Long orders triggered
Size Entry Price Pips gained/lost Profit/loss Total
1...... 1.0100........... 300 .............300
1...... 1.0100........... 300 .............300
1...... 1.0100........... 300 .............300
2...... 1.0200........... 200 .............400
2...... 1.0200........... 200 .............400
2...... 1.0200........... 200 .............400
3...... 1.0300........... 100 .............300
3...... 1.0300........... 100 .............300
3...... 1.0300........... 100 .............300.........3000

Total profit/loss: 600-13200+3000 = -9600 units

I think that these kind of scenarios are the reason why some people get their accounts blown up, and not because of a margin call.

How can this be solved?
Let´s say all orders are equally sized.
Any given order placed at the third level that hits its SL represents 7 increments in value (7x). Second level orders 6x, and first level losers 5x (remember that all orders are equally sized).
Any given order placed at the third level that hits its TP represents 1 increment in value (1x). Second level orders 2x, and first level winners 3x.
The point is that any losing order must have a winning counterpart. So, whenever a 1st level order is triggered (we have to assume is a loser, so it will render a loss of 5x), it must be countered by winning orders representing a value > 5x, for instance two first level opposite orders (3x+3x), for a profit of 1x.
Likewise, triggered 2nd level losers (-6x) may have as their counterpart two first level and one third level orders (3x+3x+1x=7x), for a profit of 1x.
Likewise, triggered 3rd level orders (-7x) may have as their counterpart four 2nd level orders (2x+2x+2x+2x=8x), for a profit of 1x.
These second group of orders, if triggered, will lead to a bunch of counterparts of their own for each particular order. Yes, this can result in a very large number of positions.
The principle is that each particular position has its counterpart group of orders in the opposite direction.

We can even calculate the overall profit of each block: It will be the profit of the first three winning orders (3x+2x+1x) + the number of counterpart winning orders times 1x. If the +1x profit of the counterpart groups is reduced to break even, then the drawdown should be lower, margin will have more air to breathe, and overall profit after a block is closed would be only the first three orders, i.e. 6x.

It looks like a more sophisticated martingale indeed.
I didn´t do the numbers with a lower number of levels, but the principle should hold.

Well, I am a bit dizzy with all these numbers, so maybe something slipped away along the rationale. Am I wrong here?

use version 7 posted in this thread instead and it will have accurate increments for lots on each level

Hi Traders

I have read the thread, but I cant figure out how to change the input for stop loss and take profit, can someone please help

Zee

It places 3 opposite pending orders sized three times the initial lot size, one at each opposite level, is that right?