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100% Win Math Grid Ea

  • #421
  • Aug 19, 2009 9:16am Aug 19, 2009 9:16am
im getting alot of prvt messages asking the same thing. its the original mgrid ea found at the very beginning of this thread. ill attach it here. please take the time to read the entire thread. most of your questions can be answered there. learn from other traders experiences with this ea. yes, i have been testing this ea with 10 increments and 3 levels. that is insanely to small of a gap. but i wanted to see what would happen in the worst case scenario, dd. i am now testing it at 20 increments / 3 levels. im testing with 50,000/0.1 lots on a standard acct and 10,000/0.01 lots on a micro. both have been making insane amount of money because there is alot of margin. keep the questions coming. i hope everyone can learn and make a clear decision if they want to use this ea.
Attached File(s)
File Type: mq4 mGRID EA.mq4   9 KB | 875 downloads
  • #422
  • Aug 19, 2009 9:39am Aug 19, 2009 9:39am
For this original mGrid ea, any idea why the parameter 'Max_Lots ' does not work. The default value is 99, but if I want to set it at say 40 or 50, still it keeps on opening orders. How this parameter works?
Thanks.
  • #423
  • Aug 19, 2009 9:47pm Aug 19, 2009 9:47pm
Quoting desi
For this original mGrid ea, any idea why the parameter 'Max_Lots ' does not work. The default value is 99, but if I want to set it at say 40 or 50, still it keeps on opening orders. How this parameter works?
Thanks.

i dont know why that is but i set that number really high because i have a large margin to play with.
  • #424
  • Aug 20, 2009 10:07am Aug 20, 2009 10:07am
hey desi..... why the parameter 'Max_Lots ' does not work

taking a quick look at the code it appears the maxlots will have no bearing on the ea..... it is meant to be used with another function, "takeProfit", that is set to "false"..... hence, it is not used in any manner.....

you mentioned, it keeps on opening orders ,, ..... if your trying to control the number of orders, use the input "levels"..... the default setting 3 allows 3 orders, 1 allows one order....h
to trade and code, keep both simple... no call to impress....h
  • #425
  • Aug 20, 2009 11:48am Aug 20, 2009 11:48am
Quoting killz808
i dont know why that is but i set that number really high because i have a large margin to play with.
Thanks for your reply. I think playing with a large equity in a Demo account does not make sense as chances of being margined out are very less and you don't get a true picture. It is better to demo with the same amount of money you are planning for a live account. Let me know what you think.
  • #426
  • Aug 20, 2009 11:54am Aug 20, 2009 11:54am
Quoting hayseed
hey desi..... why the parameter 'Max_Lots ' does not work

taking a quick look at the code it appears the maxlots will have no bearing on the ea..... it is meant to be used with another function, "takeProfit", that is set to "false"..... hence, it is not used in any manner.....

you mentioned, it keeps on opening orders ,, ..... if your trying to control the number of orders, use the input "levels"..... the default setting 3 allows 3 orders, 1 allows one order....h
Hello hayseed,
Thanks for your reply.
The reason I want to limit orders is to prevent account from being margined out even if I have to take loss. Changing levels from 3 to 1 will delay that, but still not serve the purpose. It seems that you are good at coding, can you make the parameter max_lots work?
  • #427
  • Aug 20, 2009 8:35pm Aug 20, 2009 8:35pm
Quoting desi
Thanks for your reply. I think playing with a large equity in a Demo account does not make sense as chances of being margined out are very less and you don't get a true picture. It is better to demo with the same amount of money you are planning for a live account. Let me know what you think.

my tradeing group and i have been trying multiple dollar amounts and different settings. we have to try every avenue available to us to find out what works. and some people do have that kind of money and more. lots of margin, high ratio (200-400:1), is the only way you can succeed with this ea. thats the bottom line. you can however use a micro acct and play with less margin and lot size (0.01). if you cannot afford 50,000 then you can easily go down to a micro with 5,000. right now my micro account is making anywhere from a 100 to 60 dollars a day. with only 0.01 on two pairs. so my settings are realistic.
  • #428
  • Aug 20, 2009 10:09pm Aug 20, 2009 10:09pm
I've had a lot of messages asking me about the performance of this ea.

The bottom line is that it works pretty well so long as you respect the risk.

In most trading systems where uni-directional trades are taken, we use a little bit of money to try and make a lot of money.

In this hedging/martingaling system its about using a lot of money to make just a little bit. If the market goes into ranging mode its not unusual to see a negative running p&l 10-20% of your equity. On the plus side, you always know that when the market breaks the range and hits the red line you'll be quids in.

This ea is not a set and forget solution and does need management.

Always give careful consideration to the price at which you start grid, the number of increments and the size of the increment.

Here are some ideas for setups.

Take the weekly open. The price will always move away from this up or down. Use the atr to determine a good tp level and calculate your increment on this basis.

Take the daily open. (i have that as 5am bst). Use atr to determine tp.

Take the 50% retrace of a significant hi/low wave. Target the 236 or 786.

Take a range, looking for a breakout. Take a trendline break. Take a bounce of a moving average or a crossover. Take an oversold/overbought condition on a technical indicator.

Implement the grid is as though it were a normal unidirectional trade. The difference is that if you're right you win, and if i your wrong you win.
bull in a china shop
  • #429
  • Aug 20, 2009 10:29pm Aug 20, 2009 10:29pm
I have the following 2 suggestions for improving the profitablity of the mgrid ea.

Firstly. It can happen that after initiating the grid, the price moves straight through all 3 buy levels and hits take profit.

I think it would be interesting to have a 'pending' grid so that more pips can be captured in a trending move.

So if B1 is taken and B2 is taken, when the price reaches B3, B1 is closed for profit. B2 becomes the new B1 and B3 becomes the new B2. This process continues until a reversal takes place at which the grid is initiated.


Secondly, (i think this may be easier to program), I would like to have an input parameter where i can vary the increment size of the last level ie adding a few extra pips.

This will hugely increase the ammount of profit generated, especially in a sequence where both Buy and Sell levels are open.

More importantly it will overcome some of the problems created by variable spreads which most brokers are implementing now.


So if your a programmer looking for a project....
bull in a china shop
  • #430
  • Aug 21, 2009 1:53am Aug 21, 2009 1:53am
well, im constantly searching for a broker that offers a high ratio micro acct (400:1) for us citizens. alpari uk does not admit us citizens. so thats a dead end. so far the only broker that i feel somewhat comfortable with is fxdd. it has micro accts, 50 lots max, but only has at the most 200:1 ratio. does anybody have suggestions on brokers?
  • #431
  • Aug 21, 2009 2:00am Aug 21, 2009 2:00am
Quoting killz808
well, im constantly searching for a broker that offers a high ratio micro acct (400:1) for us citizens. alpari uk does not admit us citizens. so thats a dead end. so far the only broker that i feel somewhat comfortable with is fxdd. it has micro accts, 50 lots max, but only has at the most 200:1 ratio. does anybody have suggestions on brokers?
fxsolutions micro lots up to 400:1 ratio. I think the min to open is 250. Customer service is so so but withdrawals are immediate. If I do bank wire it is usually in the account in less than 24 hours.
  • #432
  • Aug 21, 2009 2:12am Aug 21, 2009 2:12am
this ea does need management. like ive stated before my tradeing group is trying different scenerios and strategies. i personally like to stay away from indicators. overanalyzing hours on end gets tiresome. one strategy that some of you may like to do is start this ea on the opening of the asian, european, and american sessions with the continue setting set to false. most of the time you should be able to get that one trade per session. but if you dont get it on one session, then that order carries on to the next. there is a high probability of getting 3 or 2 winning trades a day per pair. try it.
  • #433
  • Aug 21, 2009 2:13am Aug 21, 2009 2:13am
Quoting magnumfreak
fxsolutions micro lots up to 400:1 ratio. I think the min to open is 250. Customer service is so so but withdrawals are immediate. If I do bank wire it is usually in the account in less than 24 hours.

ill look into it, thanks. oops, just took a look at their website. its says a member of nfa. that means no hedging. this ea does hedge. ok let me correct myself. i need a non us broker that allows hedging and offers a high ratio micro acct.
  • #434
  • Aug 21, 2009 2:23am Aug 21, 2009 2:23am
Quoting killz808
ill look into it, thanks. oops, just took a look at their website. its says a member of nfa. that means no hedging. this ea does hedge. ok let me correct myself. i need a non us broker that allows hedging and offers a high ratio micro acct.
see if they will let you open an account at either their Australian branch or their new UK branch. They offered it to existing customers when the NFA no hedge rule when into effect. Can't hurt to ask.
  • #435
  • Aug 21, 2009 2:31am Aug 21, 2009 2:31am
The thread is alive again......lol
Oh man....I give up on this thing long time ago.
The thing is, this EA is pretty simple.....there is no need to think
hard about the math behind it!
This EA will WIPE YOUR ACCOUNT....SOONER OR LATER.
The best thing you can do is to set your maximum loss threshold
into EA and hope to make some money before the threshold scenario.
I already said multiple times that best possible MoneyManagament is
to withdraw your funds on weekly bassis.(double edged sword)
I tested this probably more than anyone here, and from my experience
3 levels setting is the best!!!
Increment is different for all the pairs based on its average range,
and I suggest to check each pair separately.....averagerange will come handy here!!!
You can add to code some of the indicators......anything for directional trading will do,
find a good directional EA and just transfer the logic into EA.....this can help alot.....
also it is a good thing to set this thing to open trades before london session cos this is where the pairs moves a lot!!!

Anyway, I wish a lot of luck to anyone who uses this......

Regards
forexflash
  • #436
  • Aug 21, 2009 2:51am Aug 21, 2009 2:51am
Quoting magnumfreak
see if they will let you open an account at either their Australian branch or their new UK branch. They offered it to existing customers when the NFA no hedge rule when into effect. Can't hurt to ask.

this is what i go back from fx solutions live chat:

Due to the new NFA FIFO restriction which will be enforced on July 31, 2009, we are no longer accepting new MetaTrader applications under FX Solutions, LLC.
  • #437
  • Aug 21, 2009 6:31am Aug 21, 2009 6:31am
Now do you see what you started
bull in a china shop
  • #438
  • Aug 21, 2009 6:57am Aug 21, 2009 6:57am
Quoting plasmapants
Now do you see what you started
LOL.....no more hedging they say.....I say......EAT THIS!!!
(using multiple pairs is even better, my biggest DD is about 5%)
Buahahahahahahahaaaaa.......
Attached Image (click to enlarge)
Click to Enlarge Name: dh.gif Size: 40 KB
forexflash
  • #439
  • Aug 21, 2009 7:10am Aug 21, 2009 7:10am
Plasmapants.....I just read through your mail and idea......
The thing is that this system math can not be updated in any possible way to remove the wipeout scenario. Trust me I tried multiple times!!!
Look at my last post picture.....this will give you a clue how to fuck
the broker rules, and this time they cant do anything about it!!!
I will just say that only way to use this is to spread your risk across
multipairs(correlation comes handy here)........wich will keep your
DD to a minimum.......there is a downside to it, and that is no more
brutal profits......profits are ok regarding the lossing sets(about 10%)
but max loss is extremely limited and always around 25-40 bucks.
This will depend on your choice of pairs, and how good are you at math.....Also you need a deep understanding of market sentiment,
delta hedging, zeroing out the pairs....etc
My ea uses dinamic trailing STOP orders...never a market order!!!
It will adjust itself across multipairs until first PO is trigered......
after that it is all about letting the market comes to you!!!

Hope this will start some thinking, cos this is all Im gona say about this method!!!
forexflash
  • #440
  • Aug 21, 2009 9:34am Aug 21, 2009 9:34am
Quoting FOREXflash
LOL.....no more hedging they say.....I say......EAT THIS!!!
(using multiple pairs is even better, my biggest DD is about 5%)
Buahahahahahahahaaaaa.......

what the hell is this indic/display? care to share?
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