100% Win Math Grid Ea

I agree with FF. If left to run unmanaged, then a dooms day scenario is inevitable. The only way i have found to minimise the risk is by having small lots sizes and a large equity. And yes, sometimes you have to accept a little drawdown.

My idea is only how to maximise the profit until then.

The main problem i see is when you have a sequence where both buy levels and sell levels have been taken. The sequence only goes into profit when you are a few pips from the takeprofit. So the idea is to increase the increment size of the last level only by 5 pips.

The other problem i have is that my broker recently switched to variable spreads during the day. This can knock out a few pips easily because positions are opened at different times of the day and reduces the net profit on sequence close. Also, it hasn't happend often, but i have been requoted on an order.

Isn't the crux of this Ea that it works real well in a trending market?

Can't we thus remove the times where it has multiple orders opened...?

Can someone program this ea with an input for extra pips.

final testing is almost done. we will be posting settings soon.

Hi everyone,

I have a problem of inputing EntryTime when I tried to use original version of mGrid. I used "3" or "16" (broker's server time ) to fill the EntryTime, but it didn't work. Would anyone tell me how to use it?

Thanks in advance for your helps.

Pet

Tully this is my favorite system, and for sure with such a ranging market currently, this could make money for us, but move our account to UK brokers perhaps the way out than if we follow the NFA infringements.

Just an idea, is there any possibility to make it (more) easier, so this ea won't open too much pending position please?

I've got a story as from real account, broker sometime do tricky things, to make closing our multiple positions, which are either it's running one or the pending, very... very slow, even counted as per tick... crazy isn't it?

Once we can make it smaller amount of positions, not as single positions, it could be best of this ea.

Sorry I'm not an ea programmer, but just looking the hollow of some points...
LOL

Keep up moving FF!

I am an EA programmer. I have modified this EA to mitigate (not eliminate) risk in a number of ways.

1. I have added a number of entry filters to try to determine if the market is trending before entering

2. More interesting is avoiding the "death trade". I have coded two strategies. I have a "low-water" mark - percent of margin used (like 30%) which once hit will continue to operate normally with the exception that as soon as we have a profit (even $1), we close out everything. Then there is a "high-water" mark - higher percent of margin consumed (like 70%), which all pending orders will be deleted and any order with at least 1 increment of profit will be liquidated. The idea being, the market must be whipsawing back and forth (to have gotten in this deep, hopefully this whipsawing will now get us out with a profit (ideally and maybe wishful thinking) or at least minimize the loss and start over. If anyone thinks they have a better "death-trade" mitigation strategy, please let me know.

Plasmapants: If you think adding extra pips to the final TP/SL level will enhance profits dramatically, I can code that in quite easily. Of course the winners will have more profit and the losers more loss...

Thanks.
Viper

P.S. I have been on these forums as a guest for a long time and just recently (yesterday) registered. I have been trading forex part time for a few years, commodities before that.

Good thinking Viper. Will you be posting this modified EA?
Thanks for your efforts.

I don't usually post my work but ForexFactory has helped me so much..

So, If people would like to help me test these new mitigation strategies, I will post the EA. I am almost done doing some basic tests to ensure that the code is doing what I intended it to do. I'm out of town tomorrow, so I hope I can post it by COB Fri.

I only ask a couple things:
1. That others not modify the code and repost it with the same or even similar name - it gets very confusing.
2. That we all discuss future possible enhancements and I can try to add the features that the main active contributors (testers) agree may be helpful. I am very busy and have a number of projects on my plate at the moment and can't handle dozens of requests for modifications.

Please chime in if your willing to spend some time testing this "new" EA.

I'll do my best. Thanks for your support.
Viper

Hi Big Guru !
I found my dream, finally i hope ...
When i saw your indicator (currency correlation), the sun rise again.
This is what i dream. Please, is it possibile to send it. I whish to try so much.
Thank you! Thank you! Thank you!

Hi Vasi, would you please show me the way to try it too? Thanks

Hey Viper. Thanks for your help.

I am looking for mods to the orignal mgrid as follows:

(Mod1 is the most important, the rest i can live with (for now ))


Mod1

An input parameter where i can change the level for tp/sl by adding extra pips.

This will increase profitability. In the scenario where both buy and sell levels are initiated, the sequence reaches break even point a few pips from tp level. Every pip the price moves beyond breakeven you are increasing the profit.


Mod2

Once the ea is started, all pending orders should have the same fixed value sl/tp. This sl/tp price should be based on the first set of pending orders which are placed.

At the moment due to variable spreads and sometimes slippage, some pending orders are placed with sl/tp different to the rest of the orders.


(Combining mod 1 & 2 can also remove posibility of losses during widened spreads)


Mod3

There is an input parameter for continueing the grid once a sequence has closed.

If this is set to false, once the sequence has closed, no new grid starts but the pending orders ea placed are left dangling.
Remove all dangling orders




Mod4

When a sequence closes, before a new sequence can start, all pending orders must be deleted.

When a sequence closes, should start deleting pending orders beginning with those closest to the current price first.

Generally need to speed up closing of pending orders once a sequence has closed. Its currently very very slow. (Some one said to me it could be a server side issue. Is that possible?)


Thanks.

Plasmapants,

Regarding Mod 1

Go into the EA and change 'levels+1' area to whatever you want.
It will extend the TP/SL levels further out which should do what you require. Example below, i changed the levels to 15 (along way out).

Just make sure you do both areas. The code below is printed twice (1 for the initial setup, and 1 for the open levels)

BuyGoal=InitialPrice+INCREMENT*(LEVELS+15)*Point;
SellGoal=InitialPrice-INCREMENT*(LEVELS+15)*Point;

Mod 2

Im not sure what version of mgrid you are running but the original EA on the first page should have the TP/SL at the same level. You won't get them identical, especially on a 5 digit broker.... but close to it

Mod 3

I can't really help you with that. But for the time being, just look for a script that closes all pending orders when applied. I know there is quite a few out there... Do a google search.

Mod 4

The slow pending order closure is a server issue. I have had the same issue with other EA's. Obviously, the less levels you use, the less pending orders you have and the quicker they will shut down.

Hope this helps

Cheers Ozzie,

I'll give it a go.


I'm using the orignal mgrid.

About mod2, it does place pending orders with different sl/tp to the ones orignally placed when the sequence is started. I think this is due to variable spreads ie if the spread is widened when a buy order is taken, it places pending orders on the sell side using widened spread for calculating tp/sl for those pending orders. Mostly a problem when i'm running on GU.

I've looked for scripts to modify multiple pending orders but not found anything suitable yet.

Using this EA without OrderReliable is a total nonsense!!!
Just search for OrderReliable.mqh(goes to include folder),
and change all order procesing by adding a Reliable after all
trading commands in EA.
I can add all the possible code updates to this EA, but I have done it all
in the past, and it is total waste of time! Like I said, death trade can not be removed from mathematics logic coded into EA.....all you can do is
to try to reduce its occurance, and that is all.
One of the main reasons why I want post codes here is that this EA is
sold by someone on net......someone just renamed it and the rest is history.......

And I already gived a hint here......try using multiple pairs.....you dont even need
to add martingale to order processing......play with it for some time....you will get it!

Regards

Don't give up on us yet FF.

Its not the holy grail, but it does earn you a few pips every day if you play it right.

So how do i do this Orderreliable thing then? Come on, you know you want to......

Yes, this "indicator" could be used for a scalping strategy, maybe with a scalping system. I signal could be: buy the stronest and sell the weakness.
I'm sorry....i don't receive any answer...have you this indicator?

Hey Ozzie,

Anythoughts on how to incorporate reliable orders in to the code, based on what FF mentioned?

Yeah i do have a rough idea what FF is saying and how to impliment it. I haven't really had any problems with my orders going through buuuuuuut FF is a coder.... i am not.... so if he says its a good idea then i will try to do it.

I will try it and report back the exact details and links once i try it. Today is a busy day for me so it might be a little later.

yes this is true. in the last level of a complete sequence is where the actual profits are made. if there is a setting that allows you to move the last profit/stop loss level to a plus 5 for example, then that will increase your profits and will help out if there is a slippage in pips. if a slippage or requote happens you can actually lose money. ive seen it happen before.