100% Win Math Grid Ea

Is the losing EA a Bolinger Band based?

After one week letting mGrid ver 7 run 24/5 on a $3500 account and on one single pair, it earned around $600 (approx. 16% in one week). The parameters were:

USD/JPY
Initial lot size: 0.02
Increment: 20 pips
Levels: 3
Max. drawdown: 17%

Let´s see how it performs next week.

I just read a few pages on that thread. WilliamA´s system is very very risky. Eats margin as candy; profit can be huge but the amount of risk is equally large.

By the way, I still couldn´t figure out exactly how the mGrid ver 7 places pending orders. If ForexFlash is still around here, would you kindly post the math? I cannot read code in order to decipher the EA.

Thanks, and keep posting.

Mgrid with bollinger week 2 results:

* 4.6% total profit over 2 weeks only 0.1% up this week
* Drawdown hit 27% (2 and a half day of ranging)
* Trading only eurusd with 0.1 lot on 100K account with 1:200 leverage.

Drawdown is even large with "supposedly" conservative settings.

Same account as last week.



USDCHF and EURCAD will no longer be traded. I have closed all their orders manually and closed their charts for this test.

Hello JW,
I don´t understand how you have losses with some pairs. I didn´t trade with the EA you are testing so I do not fully know its logic, but the system has only two possible outcomes: 100% winning ratio or total ruin. Somehow you manage to stay in the middle.

I keep trading the mGrid ver 7 with good results. I am up $800 in 6 days of trading, with a max drawdown of 17% on that $3k account (one single pair, though). I reduced the number of levels from 3 to 2 this week, but the other parameters remain the same (increment = 20 pips)

The EA I'm testing has one important parameter that stops the "death trade":

Open_Loss_To_CloseTrades

I know v7.0 does not have this feature, and i don't believe any other EA's do either. I think this is one of the most important parameters to have when "total ruin" is inevitable...

Thats why I keep testing the Auto Inc EA. And it obviously has wild swings, It was up to $880 last week, then down to $250 today. Who knows where it'll be later...

Maybe FF could help us out and program the Open_Loss_To_CloseTrades feature into the most recent EA with an option of turning it on and off.

Either time to pull the plug on this week, or find out what this EA is made of.

Miracles can happen? HUGE gains today.

This is just an update of the mGrid ver 7 EA. After less than 8 days of always-in trading, I just reached a $1000 profit with USD/JPY. However...

Using 3 levels, I got caught in a range that lasted around 24 hours and caused a max. drawdown of around $1200, i.e. close to 30% of equity. Despite previous statements by different members, I think 1-level grids are the most suitable to prevent this to happen. IMO, the only parameter that has any influence on how much you will get whipsawed is the increment. A 3-level grid, or any grid with more than 1 level for that matter, will suffer the same a 1-level grid does, with the difference that will take it much longer to close the block, thus leading to a much larger drawdown. I am now testing the EA with 1 level for the last couple of days, and so far so good.

You're right about the increment. In my opinion, adjusting the increment according to the prevailing volatility of the pair makes sense. i.e. maybe the increment that worked so well in the past might stop working and it's due to increased volatility. Under higher volatility, widen the increment.

I've been trading something like this, only I have separate long and short accounts for the same pair. I came to the conclusion that I needed to widen my ladder spacing as volatility rose. I went from a period of good profitability to whipsaws eating up my margin too fast for comfort. Widening the ladder spacing slowed this action back down to my comfort level.

Why not make a new EA version where you can make the spacing be some multiple of the ATR instead of a fixed value?

Back down again today.

following previous results, I'll guesstimate that we are close to break even after tomorrows results.

Hi Steve,
How are you trading this strategy? pairs, increments?
That addition to the EA would be a good idea, but the question is how many lookback bars you take to decide.

Mgrid with bollinger week 3 results:

* 7.7% total profit over 3 weeks 3.1% up this week
* Drawdown max this week 2%
* Trading only eurusd with 0.1 lot on 100K account with 1:200 leverage.

Here's a suggestion for this system. Use the ATR on the daily chart. An observation I made was that earlier this year the ATR (14) on the daily EUR/USD chart was about 150 pips. Lately the same measurement has been about 300 pips! That's important and should not be ignored. Some adjustments to any system *must* be made because of this.

If you found that a certain spacing (say, 20 pips) was working back in March, then I think doubling the spacing to 40 pips would be justified. This kind of adjustment would allow you to be constantly adjusted to prevailing market conditions.

That said, I'm not trading this *precise* system but rather a "kissin' cousin" of it.

In a nutshell:

1) Open 2 accounts (easy with Oanda - just open a subaccount), one for longs, one for shorts.

2) In the long account, enter 5 orders above the current market, spaced 20 pips apart.

3) In the short account, enter 5 order below the current market, spaced 20 pips apart.

4) No SL, no TP, use EUR/USD due to lower average bid/ask spread.

5) When the *combined* unrealized P/L in *both* accounts > 0, close all positions in *both* accounts.
How much > 0 should it be? That's left to the trader's discretion.

6) Transfer funds between accounts to balance them out so they're equal.

That's the nutshell version. Of course there are many things that can happen besides the market moving completely in one direction after you enter your orders. This was all covered in another thread earlier this year.

I do not trade this using automation, so there is no EA for it. It's not really even a "system" per se, but rather an approach for market entry. I use discretion for exits and to keep me out of chop.

Results for the mGrid ver 7 for the last two weeks of trading (10 trading days):

USD/JPY
Net profit $1420 (around 40% of initial account)

I changed the parameters two days ago to increment = 30; 1 level; initial lot size = 0.03

Done trading the auto-inc EA, although the parameter that closes orders to avoid death trade is priceless in my mind.


EA was mildly profitable in GBPUSD & EURUSD

I am setting up second demo account just to track GBPJPY more volatile pair less likely to be ranging. Still testing V7 with bollinger.

Trading with 0.1 lot on 100K account with 1:200 leverage. Using conservative settings.

I downloaded the std dev and auto std dev indicators. They are set on default settings. Message keeps popping up that there is not enoufh free margin for trading. I have a demo account with 5000 in it. Is there a problem with the indicators or what should the settings be placed at. Any help would be great.
Thanks,
Paul

Try setting the lot size at 0.01.