Attachments: 100% Win Math Grid Ea

100% Win Math Grid Ea

#261
Nov 12, 2008 2:28pm Nov 12, 2008 2:28pm

desi
| Joined Aug 2008 | Status: Trader | 161 Posts

Quoting FOREXflash

Disliked

Desi....use first ea that has a variable max lots......(number of totaly executed lots)
after the max lots are reached, ea will not execute any more trades!

Regards

Ignored

Thanks a lot FF, you answered my question.
Now I think the logic in the first EA is different from mGrid ver.7. If I remenber correctly in one of your posts earlier you mentioned that the logic in the later EA is more sound. Correct me if I am wrong.

Regards.

#262
Nov 12, 2008 2:30pm Nov 12, 2008 2:30pm

FOREXflash
| Commercial User | Joined Sep 2008 | 957 Posts

Quoting desi

Disliked

Thanks a lot FF, you answered my question.
Now I think the logic in the first EA is different from mGrid ver.7. If I remenber correctly in one of your posts earlier you mentioned that the logic in the later EA is more sound. Correct me if I am wrong.

Regards.

Ignored

The coding is different, leveling_sizing,
but the math at the end is bassicaly the same!

....look at my post before this again!

forexflash

#263
Nov 12, 2008 2:32pm Nov 12, 2008 2:32pm

desi
| Joined Aug 2008 | Status: Trader | 161 Posts

Quoting FOREXflash

Disliked

The coding is different, and adding levels with different lot sizes,
but the math at the end is bassicaly the same!

Ignored

Thanks again. I will try the first one then.

Regards.

#264
Nov 12, 2008 2:56pm Nov 12, 2008 2:56pm

Middleastern
| Joined Jan 2008 | Status: Trader | 207 Posts

Quoting FOREXflash

Disliked

The coding is different, leveling_sizing,
but the math at the end is bassicaly the same!

....look at my post before this again!

Ignored

Flash, would you mind posting what the math of the new coding is? Many of us here would greatly appreciate that and will let us better focus our attention.

Thanks a lot.

JW, regarding your blown-out accounts, the fact that you´re using a lot of pairs in one single account also has its price. If an average maximum drawdown of let´s say 20% is the norm for a typical pair, if you have 4 pairs out of the nine you are trading that happen to be down that 20% at the same time, you will have a margin call, while in fact the maximum drawdown is still acceptable (for one single pair, though). I think testing it on one single pair, or two maybe, would be best, and once you know how your drawdown behaves, then start incorporating more pairs to the same account (or open a new account with 1-2 different pairs, for that matter)

#265
Nov 12, 2008 3:13pm Nov 12, 2008 3:13pm

Jwentro
| Joined Sep 2008 | Status: Pips do not always equal profits | 370 Posts

Quoting Middleastern

Disliked

JW, regarding your blown-out accounts, the fact that you´re using a lot of pairs in one single account also has its price. If an average maximum drawdown of let´s say 20% is the norm for a typical pair, if you have 4 pairs out of the nine you are trading that happen to be down that 20% at the same time, you will have a margin call, while in fact the maximum drawdown is still acceptable (for one single pair, though). I think testing it on one single pair, or two maybe, would be best, and once you know how your drawdown behaves, then start incorporating more pairs to the same account (or open a new account with 1-2 different pairs, for that matter)

Ignored

keep in mind the Auto Inc EA has a closealltrades option when your open trades are -$xxx.xx. So that helps avoid margin calls.

one thing about trading it across multiple pairs is that we can experience a steady growth because of the positive and negative correlations amongst the pairs. (Now im not saying pairs are perfectly correlated or that i am testing the optimal pairs. I just picked 4 triangles through EURUSD and started testing.)

also, trading a single pair has shown that the death trade can happen. if we traded 2 negatively correlated pairs we might be able to avoid the so called death trade by the profit we'd be making from our 2nd pair.

p.s. i love that this is now a very active thread. lets keep it up

#266
Nov 12, 2008 9:19pm Nov 12, 2008 9:19pm

Drew
| Joined Jul 2008 | Status: Trader | 12 Posts

So i downloaded the indicator since this was an idea i had thought of a while back. The demo was showing great results up 120% in 1 day. So i decided to go live on a $1,000. account. Within 15min the EA lost more than half my account ($-600.00). I was suprised to see that when just a hour before on demo it had doubled my account. Perhaps it was just bad timing, but maybe it was my broker fxpro.com that had something to do with it. I looked back through my journal and i saw some trade errors '[Trade context is busy]' on the trades that the EA had taken. I will let it run through the night and hopefully i will see it double my account so i can at least get my balance up. I will keep my results updated here on this thread.

#267
Nov 12, 2008 10:59pm Nov 12, 2008 10:59pm

Jwentro
| Joined Sep 2008 | Status: Pips do not always equal profits | 370 Posts

Account balance is literally all over the place, it was -$150 down today, then up to $50+.

Take a look.

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#268
Nov 13, 2008 4:06am Nov 13, 2008 4:06am

Middleastern
| Joined Jan 2008 | Status: Trader | 207 Posts

Quoting Jwentro

Disliked

keep in mind the Auto Inc EA has a closealltrades option when your open trades are -$xxx.xx. So that helps avoid margin calls.

one thing about trading it across multiple pairs is that we can experience a steady growth because of the positive and negative correlations amongst the pairs. (Now im not saying pairs are perfectly correlated or that i am testing the optimal pairs. I just picked 4 triangles through EURUSD and started testing.)

also, trading a single pair has shown that the death trade can happen. if we traded 2 negatively correlated...

Ignored

Correct me if I´m wrong, but since this system works best in trending markets, I don´t see how using correlated pairs may help avoiding the death trade. If the pairs are correlated that means that they will trend together or range together. It will of course diversify your positions, which is always good because it diversifies risk, but you are also increasing your bets.
Anyway, one single death trade will kill you no matter how many correlated or not pairs are you trading with. I guess we should try and reduce as much as we can the chance for it to happen, and many pairs won´t do that.

#269
Nov 13, 2008 4:09am Nov 13, 2008 4:09am

FOREXflash
| Commercial User | Joined Sep 2008 | 957 Posts

Quoting Drew

Disliked

So i downloaded the indicator since this was an idea i had thought of a while back. The demo was showing great results up 120% in 1 day. So i decided to go live on a $1,000. account. Within 15min the EA lost more than half my account ($-600.00). I was suprised to see that when just a hour before on demo it had doubled my account. Perhaps it was just bad timing, but maybe it was my broker fxpro.com that had something to do with it. I looked back through my journal and i saw some trade errors '[Trade context is busy]' on the trades that the EA had...

Ignored

DREW....WHAT THE HELL ARE YOU DOING!!!
IN THIS THREAD I SAID MULTIPLE TIMES THAT ONE SHOULD NOT USE
THIS ON LIVE ACCOUNT! YOU CAN NOT TEST THIS ONE DAY, AND GO LIVE NEXT DAY!!! WHY, OH WHY........I HAVE AN ACCOUNT WITH FXPRO, AND I KNOW THAT THEY DONT OFFER MICRO LOTS!!! YOU CAN NOT USE LOT
SIZE 0.1 FOR 1000 USD ACCOUNT!!!!!!!!!!!!!!!!!!!!
PLEASE, STOP USING THE EA, BECOUSE IM SURE THAT 1000USD ACC
WOULDNT LAST A ANOTHER DAY USING 0.1 LOTS.
YOUR ACCOUNT SIMPLY CAN NOT PROFIT WITH THIS EA COS IF THE WIPSAW
OCCURS YOUR ACC COULD NOT TAKE SO MANY TRADES BECOUSE OF THE LOT SIZE.
JUST PREY TO GOD THAT PRICE BREAK YOUR TP BEFORE WIPEOUT, AND IF THAT
HAPPENS RUN, RUN AWAY HAPPY.
I GUESS THAT YOU EVEN DIDNT READ THE WHOLE THREAD BEFORE THIS.

forexflash

#270
Nov 13, 2008 4:41am Nov 13, 2008 4:41am

roxy
| Joined Oct 2008 | Status: Trader | 10 Posts

Flash and Drew, you're right Flash, me too, with minimum 0.1 lot of FxPro account at least you need 10 000 USD and trade only close the news time! I did it with Flash first EA with my real account in FxPro. It's not bad, I gained at least 3% a day with 4 time trades prior to news with high impact... Thanks Flash...

#271
Nov 13, 2008 8:00am Nov 13, 2008 8:00am

Drew
| Joined Jul 2008 | Status: Trader | 12 Posts

As the story continues...Once my account reached around $245., I stopped the EA to manually trade the EU and brought up my balance to $1200. I was suprised that just a few hours earlier this same EA had doubled my demo account with a balance of $1000. I thought i would just take a gamble and see what would happen if i did use the same conditions in . So let this be a lesson to all who are just as curious to see what would happen if used in the same conditions as i did.

#272
Nov 13, 2008 2:25pm Nov 13, 2008 2:25pm

Jwentro
| Joined Sep 2008 | Status: Pips do not always equal profits | 370 Posts

Quoting Drew

Disliked

As the story continues...Once my account reached around $245., I stopped the EA to manually trade the EU and brought up my balance to $1200. I was suprised that just a few hours earlier this same EA had doubled my demo account with a balance of $1000. I thought i would just take a gamble and see what would happen if i did use the same conditions in . So let this be a lesson to all who are just as curious to see what would happen if used in the same conditions as i did.

Ignored

can you post a copy of your statement as well as the settings you used on the EA? I'm interested in taking a look at it

#273
Nov 13, 2008 3:31pm Nov 13, 2008 3:31pm

snorbroms
| Joined Oct 2007 | Status: Trader | 2 Posts

Hello , i have tested the recodemGRID EA and i like the feature of limiting the open loss.

I was thinking about something that mayby could be an idea , if you could incorperate a function that says when the EA reaches a certain profit , for exampel like $100 then it closes all pending and open orders and resets itself , now in a new place in the market.
Then you would secure som profit and with the openloss close-function it should work pretty good?

is this something that is possible to do in a EA?

#274
Nov 13, 2008 3:57pm Nov 13, 2008 3:57pm

stevegee58
Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,013 Posts

Say, isn't this the same system that was posted on forexpeacearmy.com?

You are in a maze of twisty little passages, all alike.

#275
Nov 13, 2008 4:46pm Nov 13, 2008 4:46pm

soldintime
| Joined Aug 2007 | Status: Trader | 46 Posts

Quoting Drew

Disliked

As the story continues...Once my account reached around $245., I stopped the EA to manually trade the EU and brought up my balance to $1200. I was suprised that just a few hours earlier this same EA had doubled my demo account with a balance of $1000. I thought i would just take a gamble and see what would happen if i did use the same conditions in . So let this be a lesson to all who are just as curious to see what would happen if used in the same conditions as i did.

Ignored

Drew,

A very common mistake that a lot of traders make is not understanding lot sizes and account sizes. There for you trade with a hugely under funded account. I have gone to www.babypips.com as they provide excellent education on the forex market and the best thing of it is that it's free. They will also drum into you to trade demo for at least 3 months before going live.

I have gone through more than 20 of blown up demo accounts. Have so far found one EA I will go live with.

By the way my deemed "too over funded" demo account of 100K has shown a 28% drawdown. Closed it now with a small loss.

#276
Nov 13, 2008 7:42pm Nov 13, 2008 7:42pm

desi
| Joined Aug 2008 | Status: Trader | 161 Posts

Quoting snorbroms

Disliked

Hello , i have tested the recodemGRID EA and i like the feature of limiting the open loss.

I was thinking about something that mayby could be an idea , if you could incorperate a function that says when the EA reaches a certain profit , for exampel like $100 then it closes all pending and open orders and resets itself , now in a new place in the market.
Then you would secure som profit and with the openloss close-function it should work pretty good?

is this something that is possible to do in a EA?

Ignored

Snorbroms,
Attach the EA to any other chart and it should work. I think $100 is not a realistic figure if you are using micro lots, may be $30-$50 is the right range.
Good luck.

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