Please prove that this method can't fail

Hi,

I have been looking at this simple method for the last 6 months.
I would like someone to test it through an ea to prove to me that it doesn't work. (since most methods lose eventually).
It is a 1 minute chart of the eur/usd with a grid of spacing 14 pips and vertical 15 minute segments.
It will be traded uk session only from 8am gmt to 4pm gmt.

First trade is opened when the price has moved 14 pips on the grid ( see sell exmple) close trade when hits next grid line.

If trade goes against 14 pips the trade is closed and reversed at 2 lots.
if this does not reach target but then goes into the next 15 min segment the trade is reversed but goes back to 1 lot, then repeats the process over again. It reverses and doubles only once, not martingale strategy.

Once the trade has completed, you must wait for the next 15 minute segment to initiate the next trade and it must have moved to the next 14 pip grid line from where you closed the last trade.

If two consecutive trades have lost then next trade will initiate after 28 pips from last traded price, this is to avoid being caught in a range.

Why do I think this may work?
This method doesn't rely on indicators unless you call a grid an indictor!
Doesn't rely on trending market.
No significant drawdown period.

One further thing is that 'some' of the trades are obviously not the right trades to place, so my thoughts are when the ea takes the trade I trade against it.
So it would be good for someone to code an ea for this and prove me wrong!

ps mods move this if it is in the wrong place, ie programming discussion?

Cheers J

Your grid would maybe work better if based on psych levels and not a fixed amount of pips.

Here's a table I made upon observation of price behaviour in respect to those, with best open prices including spread (red for short, green for long) and average amount of pips expected between each level.

FWIW

i hate to get technical, but your thread title needs to be changed. nobody can prove that this system will fail. the market can go indefinitely making pips with just about ANY set of rules.

if i were you, i'd say "prove this system can't fail" your system has weakness. it CAN fail. look at your 2nd JPEG in post 1. you lose 2 trades in a row, then win 1. that puts you at -2 in the loss column (-1, -2, +1)

you can lose an indefinite number of trade entries in a row, and bankrupt the account.

Hi Tdion,

Thanks for the response, I included the loss example to show the method has weakness, but then every method has a weakness.
I think the strength in this method it that every single trade is the same.
it then becomes a game of how many win over how many lose.
Only an ea will be able to tell me whether it is profitable over the long term.
I will change the title!

Thanks J

Here is a grid I use, but not with 14 pips. I don't do EAs so can't help you there, but if you combine the grid with trendlines and congestion breakouts it can be quite effective.
ps: I don't have data back to Sept, so this will have to do. Ken.

but what is the stop you use Kenz?

thanks in advance.

If you take this down to a 15-second chart (as with NinjaTrader), the congestion areas are very small and the pivots are clear. These grids show quite clearly if they are going to hold or not. The stop would be beyond the congestion pivot point. Very small on a small time-frame chart. That doesn't mean the TP has to be small. This gives good entries and sometimes the beginning of a good run.

thanks for reply