100% Win Math Grid Ea

ill pm you my settings. things have changed now that there are mods to the original ea. and i believe it is for the better.

so far so good. by moving the last level out more ive doubled my profits when a sequence closes. ill run it til the end of the week.

Playing around with the reliable order mod ea on demo.

Just want to make sure the ro function works so i am using some exteme settings.

Testing geppy with 2 levels, 20 pip increment. Seems to be working ok even with a 6-7 pip spread.

Cable 3 levels, 10 pip increment, 3-4 spread. But not doing quite what it should.

Does anyone have an indi that works through opened positions and calculates the spread at the time the order was taken?
Just wondering if this happened because of a spread spike when the order was taken.

Be aware by extending the TP area to further out your are also increasing your risk. There are now more opportunities for price to retrace and take out more pending orders and increase DD.

If your main goal is to reduce DD (which is the main cause of your account blowing up) and increase longetivity within the market using this EA then your actually heading in the wrong direction.

ive been testing it on a micro acct for quite some time now with a high ratio. dd is so low it doesnt bother me.

maybe you should try using a broker that has fixed spreads. ive done testing on mig and fxdd. spreads are different on both platforms but i like to compare the difference when profits are made.

I thought the reliableorder function in the program should take care of this?

Having said that i have been looking at other brokers recently. Any one have any experiance with Nord Markets?

Hi,

Sorry for the delay in posting my version of the EA. I have added a number of features that have not been fully tested and would appreciate help in testing.

This EA has the following added functionality - I did not change the original algorithm:

- I added two "Death Trade" risk mitigation strategies (please see post 447 for full explanation)

- I added a fixed spread for placing orders - Once a trade set has begun, every order is placed using the same spread so all TP/SL orders will be placed the same. Also the max spread at set open is a parameter.

- I added the final level profit adjustment as an independent variable defined in pips. So the grid definition consists of three variables - levels, increment, increment-adjust for tp/sl

- I fixed the code so it will work with 4 or 5 digit brokers.

- I added the OrderReliable calls.

- I added a number of entry filters to try to enter only when trending. I haven't used them much yet because I am more interested in testing the death trade risk mitigation strategies so I want to test in sideways markets.

- I made the code much more modular so it is easier to add/change functionality.

- I removed the "continue" parameter. I am trying to make the EA fully automated and that seems like too much manual intervention. On that note, any other manual strategies that people think are really successful, please bring them up on the forum and I can try to automate them - as well as they are well understand (it is very hard to program "If I feel the market blah blah, I do...."

- Most parameters functionality is turned off or auto computed with a setting of zero.

Before asking too many questions, please read posts 447, 449, and 452.

Again I am a professional programmer and I don't mind making whatever changes the team thinks will be helpful. Lets please just get a consensus that the change will be worth a try...

Lets work as a team, leave the ego's at the door. Please don't make changes to the code I am posting and repost it with the same or even similar name - let me handle version control of ViperGridEa_VersionX. Thanks.

Good Trading !!

Hey Tradingviper,

Thanks for the mods and updated mgrid EA. I have been toying with this EA for some time now and have a couple of ideas that could prolong the devastation of the 'death trade'.

I have tried multiple levels, small lot sizes etc but i find that 1 level has definately been the most productive with my forward testing. What i suggest is as follows:

1: User defineable lot size per bounce.

A great example on what im refering to is the EA attached. It doesn't work very well but the ability to determine your lot size per order/bounce can help dramatically. You don't need to double each time a level is hit, by increasing your size at a slower rate you can increase the amount of sustainable open orders. I also don't believe simply adjusting the multiplier will help as well. User definable levels will give much more versatility to this EA

2: The ability to reduce the distance between the buy and sell pending orders.

As stated before, i only use 1 level (cause i personally find it more successful). But the distance between the buy and sell pending order is double the distance than what the level is set to. Your buys and sells will take more hits but the overall DD should be reduced due to the hedging ability of this EA and the fact the TP levels will be closer in and hit more frequently.

Well these are my ideas.

looking forward to your feedback

Thanks

ok i need to step in here for a second before we start getting 20 different modified versions of this ea again. i appreciate everyones willingness to help with the growth of the ea but i need to let everyone know what has been working for my trading group. we have been testing the original mgrid ea for quite some time now with every possible and imaginable settings. it can be found in the very first post of this thread (#1). my personal settings for this ea has made a decent return by just setting and forgetting on the start of every week and turning the continue setting to false on the last u.s. market of the week. on a micro acct ive been winning about $300 to $400 usd a week. i trade the eur/yen and gbp/usd with these settings.

broker: fxdd
initial deposit: $5000 ($10,000 is better of course)
increments: 15
levels: 3
lots: 0.01
continue: true (turned to false on the last usa market of the week)
mm: false
ratio: 200:1 and higher (400:1 and 500:1 is even better)


now i do watch the account alot for heavy drawdown. the most important thing you have to watch is the free margin. once that runs to a negative, there will be no new executed pending orders. hence the math will be off and create a losing sequence. now because this is a micro acct, dd is at a minimum. so small that it doesnt phase me. those of you that want to test it out, try using 0.02 lots and youll easily make over $100 usd everyday. just dont be greedy and try to hit a homerun on every sequence. just relax with a heavily funded micro acct and make a decent profit every week. i test on mig and fxdd because they have different spreads. profits are almost the same in relation to their ratio. mig is a standard acct with $50,000 and the fxdd is a micro with $5,000. ive been told that alpari uk has 400:1 ratio so that would be good to run this ea but its been reported that spread does change. i cant verify this because i dont test it on alpari uk. if you have been following the thread as of late plasmapants has asked and moded the ea to a setting that i love and have been testing recently. the ability to increase the size of the last level has increased profit levels with every closed sequence. ill post my settings for that moded ea as well when the week is over. please demo before going live.

Really looking forward to testing this you have added a lot of clever things to the mgrid!

2009.09.01 11:58:53 Cannot open file 'Crogram FilesMetaTrader 4 at FOREX.comexpertsViperGridEa_Version1.ex4' on the ,


Unfortunately that is what I get when trying to test :s

Sim,

Make sure you have saved it into your 'experts' folder.

EDIT: I just sore the word 'expert' in your description.

Can you show us exactly where you have saved it just incase.

To have a folder called 'MetaTrader 4 at FOREX.com' in your program files folder seems a little odd

EDIT AGAIN: Sorry i think i know the issue.

Because it is using the orderreliable. You also need to add the file 'orderreliable_v0_2_5.mqh into your 'include' folder (its a folder within the experts folder) for the Ea to operate correctly.

I have posted this file in here previously so just have a look back through the posts

Ah totally my fault I even read your post about that many times before lol

Still same error :s

Crogram FilesMetaTrader 4 at FOREX.comexperts
the ex4 is saved
Crogram FilesMetaTrader 4 at FOREX.comexpertsinclude
OrderReliable_v0_2_5.mqh is saved

:s

I've got nothing. Not sure whats wrong sorry

Place OrderReliable_v0_2_5.mqh in experts>include folder
Place Expert in experts folder
Compile is using MetaEditor yourself manually by double clicking it
Then restart Mt4. it will most probably run
Has 3 Compilation warnings...thats why imo!
Hope that helps!


Any way NICE work TradingViper
Some features are really new ...but as ozzie has put in his advise... they are really useful.
IF this ea will be successful ever ...it will not be by making it extract some more pips or something
It will only be by
- Limiting its drawdown as much as possible
- and/or Delaying the drawdown trades as much as possible
- without tinkering with basic strategy of grid
When we are able to achieve that... profits will come themselves!

I am trying to get some mods done to original ea... but if you are really helping and interested in making this do SOMETHING (as we can see from your last post)
i advise you the following features keeping in mind the above aims

1) Maximum Order Cap : based on Whipsaw sequence. Ability to prevent opening of pending order after user defined no of whipsaws have happened.
After Those no of orders in place (including pending ones), we are Disallowing EA for more margin requirements and thus Stopping the cycle...and any cycle can be a whipsaw cycle which we will be preventing by doing this.
Ea has to hit out TP or SL after that to start next sequence cycle.
2) USER Defined Lot Size Progression with each whipsaw triggered(Post 489)
3) Halfed Starting Increment (Distance between First Buy Stop + Sell stop = Normal Increment (post 489)
BUT to add spice to above and IMO better fix will be to add Optimal Starting Increment
Place The buy Stops and Sell Stops at a Small distance. Say Spread+3 pips (Optimal Starting increment- 3pips can be any number..just added bcoz we need ea to give some seconds to place all grid trades too initially)
Waiting for buy/sell stops located far away to trigger will give NO advanatage ...but will infact slow down Forward testing. This eA doesnt care which direction prices move... so why to wait for Starting increments to that long equal to level increments?
4) ULTRA Flexible Time Filter - Same aim of reducing Non-volumenous, Non-Volatile, Non Momemtous Whipswaing periods
By Ultra i mean ,, Working of EA based on many filters
First Extern being a DAY
2nd being Time Periods inside those days( Multiple periods within those days , atleast 3 based on 3 sessions) the ea shd start and stop automatically on those 3 periods/day .
This feature would require some more stuff to be really useful

There are many details to above.. i would like to say if you can help on these..then we can talk more!

Best Regards

Function "OrderModifyReliable" is not referenced and will be removed from exp-file
Function "OrderModifyReliableSymbol" is not referenced and will be removed from exp-file
Function "OrderReliableLastErr" is not referenced and will be removed from exp-file

Eeeeeeeeek

Dont be to worried about those warnings Sim.

All it means is that the compiler noticed that there was code within the EA that wasn't being utilised.

The EA will still function properly

Kindly do as advised... Those errors will be taken care of by TradingViper in next version.
After you have compiled.. restart mt4 ..it will work!

Oops sorry shoulda said I did try it earlier :s

Unless this cannot be run in strategy tester and I have to demo test only

Thanks, Sim