Hi ME
Did you try it on demo?
The disadvantage is with the spread, if your positions are:
Buy 1 , 6 , 24
Sell 3 , 12 , 48
Total is 94 lots if the spread 3 pip then it will cost you 282 pip.
What is your suggestion for the grid increment? since the large ones you set the more positions you open.
Good luck
Hi ME
Did you try it on demo?
The disadvantage is with the spread, if your positions are:
Buy 1 , 6 , 24
Sell 3 , 12 , 48
Total is 94 lots if the spread 3 pip then it will cost you 282 pip.
What is your suggestion for the grid increment? since the large ones you set the more positions you open.
Good luck
Ignored
I tried a somewhat similar EA on demo and looks good, but it doesn´t exactly resemble the system I described here. The spread is just part of the business, like in any other system. However, with increments of 50 pips on 2- or 3-pip spread pairs it shouldn´t be significant. The increment size depends on the pair. An EA would make it a lot easier to test and have a more precise idea, but a 50-pip increment (thus creating a 150-pip channel) in eur/usd, usd/jpy and other majors with a good volatility should work. In a pair like gpb/jpy, I would suggest 100 pips, both because of the extreme volatility and the higher spreads.
I have tried this similar method and found it seems working. It's the reason why I started to find EA that using this method. Later, I know that many people have tried this method called martingale.
After trying most of all martingale EAs, I find out that they're same (here, I only refer to martingale EAs, not EAs combines other trading system with martingale) . Differences they have are setting, some time they add more feature like money management, account protection to prevent big drawdown.
All testing showed that it hardly makes it in longterm. With small grid, this method will blow your account in one day. But with large grid, I'm not sure how long your account can "survive".
I see an EA (of Burgerking - not sure I write exactly his username) is using similar method that you describe, using pending order.
Other EA using same method, the difference is they execute order than using pending order. You can see they are the same. ( one EA have 1 buy with 0.1, and pending order 0.3; while others have 1 buy with 0.1, if long order closed by stoploss, it will open short order with 0.2 lot)
Other EAs like semi-martingale , power semi martingale, sequencer, just name a few. Do a search and you can find them.
I have tried this similar method and found it seems working. It's the reason why I started to find EA that using this method. Later, I know that many people have tried this method called martingale.
After trying most of all martingale EAs, I find out that they're same (here, I only refer to martingale EAs, not EAs combines other trading system with martingale) . Differences they have are setting, some time they add more feature like money management, account protection to prevent big drawdown.
All testing showed that it hardly makes it in longterm....
Ignored
Hello Happylife,
I looked for EA´s that could be set up to trade the way I proposed in post #1 but found none. If you can, please post a link to such an EA. Thanks
