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100% Win Math Grid Ea

  • #641
  • Oct 22, 2009 12:03am Oct 22, 2009 12:03am
Quoting plasmapants
i'm dreaming about a multi grid ea every day. its going to take some serious programming hours to develop.

til then viper has put a setting in v2.2 so you can change the colour of the pivot line. that helps you know which grid is doing what on which chart.
So Plasma,

I need to make sure the order placement is correct first, but if I do get that solid where everyone is happy and I find some time to work on the ViperMultiGridEA, what should the input parameters include...
MaxNumSimultaneousGrids, SubGridSpacingStart, ??

What should the rules be - initial Grid, say grid 0, then we make grid 1, then grid 0 hits TP, does grid 1 become the new grid 0 and the same spacing rules apply to make the new grid 1 or should we wait until all sub grids of grid 0 close before starting a new multi-set ? etc.

I'm starting to think you may be right - that this may be the best risk mitigation. Assuming of course you have good grid offsets.
Give it some thought without going crazy :-)

Viper
  • #642
  • Oct 22, 2009 4:11am Oct 22, 2009 4:11am
Eagarly waiting for the new version ...

TIA Viper
Les tame the Viper ... lol ! Sorry... the ViperEa i mean
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #643
  • Oct 22, 2009 8:29am Oct 22, 2009 8:29am
Hey Viper,

The reason i wanted to have a manual input for comment is so that i can clearly recognise which orders have been placed by which grid. (running a multi grid on the same pair). the horizontal lines are useful but can still be a bit confusing sometimes. i agree having a manual input may not be the best option. can we have 'comment' as a combo of the magic no + starting price so you can hardcode it instead. seeing the magic no in the comments field will identify guilty ea/grid more quickly.

i'll post a full wish list later.


best wishes from my alternate ego

CrazyPants
bull in a china shop
  • #644
  • Oct 22, 2009 11:30am Oct 22, 2009 11:30am
To start on the multigrid project we need to strip out everything we dont need from vGrid, or start with mGrid from scratch. That way we can keep it lean and mean.


The most basic inputs required are:

Magic no
Lot size (manual input of lot size only)
Increment
No of Levels
Tp adjust


Additionally:

Starting price (the price at which the grid initiates its opening set - or set to 0 to have the grid open at market)
Continue (as in vgrid so you can define the no of sets)
Close (day/time - shut down the grid once a sequence has closed after this day/time)


Some really important stuff:

As with vgrid, we need the pending orders to be placed reliably.

To maintain the integrity of multiple grids, the starting price or pivot of a new set needs to be the tp/sl price of the closed set and pending orders need to placed accordingly. This should happen even if the price has spiked several pips away from the price at which a set was closed.

Comment field allowing us to identify the trades placed by the magic no of each grid we initiate.


If all of this exists in one ea, then we have the foundation for forming our multigrid set ups.

We will also need some separate ea's/scripts for trade management. (some of these may already exist).

Firstly, something similar to i-exposure, which summarises the trades according the majic no. Secondly, an ea or script to close all trades (open and pending) linked to a specific magic no. And finally an ea or script to close all trades and delete all pending trades if the sum p&l is at breakeven.
bull in a china shop
  • #645
  • Oct 22, 2009 3:38pm Oct 22, 2009 3:38pm
Quoting plasmapants
To start on the multigrid project we need to strip out everything we dont need from vGrid, or start with mGrid from scratch....
PlasmaPants, if you want the new set of the multigrid to start at the tp/sl of the close set of the previous grid, this is like having the single viperEA starting right after it closes. If we have the option of starting the EA at a predetermined price then you can open few charts and start the EA(with different magic#) at different price levels and you have your multigrid. Also I think it will be a good idea to keep the option of max lot allow and the two margin escape.
  • #646
  • Oct 22, 2009 3:53pm Oct 22, 2009 3:53pm
Quoting wcg
PlasmaPants, if you want the new set of the multigrid to start at the tp/sl of the close set of the previous grid, this is like having the single viperEA starting right after it closes. If we have the option of starting the EA at a predetermined price then you can open few charts and start the EA(with different magic#) at different price levels and you have your multigrid. Also I think it will be a good idea to keep the option of max lot allow and the two margin escape.

Agreed. We already have a version of mgrid with starting prices. You can find it in the attachments. I think its the one called 'recodem mGrid'. However its not very practical, so if i were running 2 grids, one starting at double zero and the other at 50, and i wanted to cover a span of 500 pips, i would need to set 10 charts in motion. 4 grids would be 20 charts (starting every 25 pips). With the new version being proposed you only need two charts for a double grid.

With regard the maxlot/margin escape.... I refer the right honourable gentleman to my rantings in previous posts (pls dont get me started cus i can carry on and on).

wcg, are you running this live or demo only?
bull in a china shop
  • #647
  • Oct 22, 2009 6:53pm Oct 22, 2009 6:53pm
when i personally think about this idea for coding purposes it seems that it would have to be coded very differently than previous ea's...ex: say you have 25 pip increment w/ 3 levels each side and zero point in middle, if price went up to 1st level buy then second grid would start its zero point there, but if price went down it would have togo down 50 points instead of 25 to start the 3rd grid..it doesnt seem so simple to me after thinking about it....what does evrybody else think abt this??? keep in mind i'm not a coder...
  • #648
  • Oct 22, 2009 8:33pm Oct 22, 2009 8:33pm
Quoting rbrtsha
when i personally think about this idea for coding purposes it seems that it would have to be coded very differently than previous ea's...ex: say you have 25 pip increment w/ 3 levels each side and zero point in middle, if price went up to 1st level buy then second grid would start its zero point there, but if price went down it would have togo down 50 points instead of 25 to start the 3rd grid..it doesnt seem so simple to me after thinking about it....what does evrybody else think abt this??? keep in mind i'm not a coder...

As long as you open 4 grids so that each new grid is 25 pips appart from the price of where any previous grid has opened, then you can start your multi grid.

My idea is not to do this as an all in one ea, but rather to run the same ea on 4 different charts. This will allow more control over each individual sequence.

Thats the easy part. The key is holding the grid in place once a close occurs and thats where using the closing price as the opening price comes in.

This is the only aspect of multigrid that i have experianced problems in so far. Otherwise it can happen that bit by bit all your grids end up merging to the same price.

Attached is ey x 3 grids and gu x 5 grids. Note the problem developing on gu. I'm looking to shut it down at breakeven and restart it sunday night.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ey101.gif Size: 16 KB
Click to Enlarge Name: gu101.gif Size: 21 KB
bull in a china shop
  • #649
  • Oct 22, 2009 8:49pm Oct 22, 2009 8:49pm
Quoting plasmapants
As long as you open 4 grids so that each new grid is 25 pips appart from the price of where any previous grid has opened, then you can start your multi grid.

My idea is not to do this as an all in one ea, but rather to run the same ea on 4 different charts. This will allow more control over each individual sequence.

Thats the easy part. The key is holding the grid in place once a close occurs and thats where using the closing price as the opening price comes in.

This is the only aspect of multigrid that i have experianced problems in so far....
gotcha
  • #650
  • Oct 23, 2009 10:29am Oct 23, 2009 10:29am
hope ya didnt shutdown your grid today
  • #651
  • Oct 23, 2009 11:43am Oct 23, 2009 11:43am
Is the EA and setting in the first post is the latest EA?

Sorry for lazy to climb this high-rise "built-up" thread^^

Very exciting..attractive


thanks for sharing
  • #652
  • Oct 23, 2009 1:00pm Oct 23, 2009 1:00pm
Closed it down just after the uk GDP numbers. Nice little earner that was.
bull in a china shop
  • #653
  • Oct 23, 2009 1:37pm Oct 23, 2009 1:37pm
fairylord,

There are a few different variations from the 1st 'mgrid' posted on page 1.
You really do need to read the entire thread. Most importantly, it explains the dangers of using the EA's attached within.

It is stressed throughout that you need to have a very good understanding of the EA and know it's weak points.... or your account will be shredded into oblivion.

Remember, at the end of the day it is still a martingale EA. If that means nothing to you please read up on them. You might quickly change your mind and steer clear.
Luck is where preparation meets opportunity.......
  • #654
  • Edited 7:57pm Oct 24, 2009 7:38pm | Edited 7:57pm
Hi guys, I was testing out vGrid2.2 on default settings and there is something wrong - it initiates a grid with certain increment & levels. When that grid takes profit, it doesn't initiate a new "set" with new pending orders. It continues to use the same levels of the old grid! Version 2.1 doesn't seem to have this problem...perhaps a bug in "restoreGridstate"?

If you look at the results of backtesting, all the grids have the same SL and TP. As you know, it should open new straddling pending orders upon starting subsequent grids.

Anyone else notice this?

Well written EA otherwise! People have talked lots about delaying the "death trade", but you also have to be careful too many orders are not opened - or you may lose money due to ordersend error 148!
  • #655
  • Oct 24, 2009 9:47pm Oct 24, 2009 9:47pm
I just wondering whether the thread owner still have faith to this EA?
  • #656
  • Oct 24, 2009 10:09pm Oct 24, 2009 10:09pm
No, he doesn't.

He bugged out a while ago to work on other projects. Still does pop in from time to time.

The 'death trade' was enough for him to stop getting envolved.

There are few members in here who have been working closely with Trading Vipers extended versions with success. Like anything, more work needs to be done but progress is still progress. Until that progress completely stops or reverses, i think there will always be an interest in this thread.
Luck is where preparation meets opportunity.......
  • #657
  • Oct 25, 2009 12:12am Oct 25, 2009 12:12am
Hello all,

I just want to say that, as someone who as recently become interested in FOREX, I've thoroughly enjoyed reading each of the 656 posts in this thread.

First of all, I think it's refreshing to see this type of collaboration on each other's behalf. I'm so inspired to participate and I'm frustrated because I feel as if I can't ingest the information fast enough to be able to do so. Although I'm a forex newbie, I'm a very quick learner and I'm unemployed right now and plan on devoting the majority of my new-found free time to the study and implementation of both manual and automatic trading systems. At the very least I think I can become a competent tester in the short term, and I plan to start tomorrow on a demo account with the latest iteration of Viper's ea.

If you'll humor me, I have a few newbie/general questions that I had during my reading:

1. Does anyone know off of the top of their head a good resource that details the basic concepts of a money management and/or martingale system? I feel like I understand the pieces but not the overall concept.

2. Ditto resources for beginner coders? I imagine could probably pick it up by opening up these files and manipulating the code, but background reading is always helpful.

3. For my fellow Americans, has a broker been found that allows hedging, the trading of microlots, and leverage necessary to make it feasible to run this EA with a live account?

Great job by everyone from Forex Flash on down for the great work they've contributed to this project--even if it might only be an exercise. I look forward to contributing myself in the near future.

-Jay
  • #658
  • Oct 25, 2009 9:30am Oct 25, 2009 9:30am
Quoting jay320
Hello all,

I just want to say that, as someone who as recently become interested in FOREX, I've thoroughly enjoyed reading each of the 656 posts in this thread.

First of all, I think it's refreshing to see this type of collaboration on each other's behalf. I'm so inspired to participate and I'm frustrated because I feel as if I can't ingest the information fast enough to be able to do so. Although I'm a forex newbie, I'm a very quick learner and I'm unemployed right now and plan on devoting the majority of my new-found free time to the study...

Mate i do not want u to prevent u from making millions in forex by saying the below lines...but believe me.. thats the truth!
From whatever u have said above that u r total newbie and as i see yours this is 1st post. I would say..whatver u have read in these 44 pages, forget it.. forget this thread too.
Mate, this is one the RISKIEST stuff/deadly strategy to learn as a newbie.
As this point of time, you do not need any strategy/EA.
You just need to read the basics. if you still keep on with this, there are high chances u will lose your small collected real money , Soon !(in case u go live soon with this)

Forget it.. and Move to learning basics!
I think, if you read the following thread , to which i am redirecting you, you will always remember me (for good reasons)
http://www.forexfactory.com/showthread.php?t=39514
Best of luck . yes thats always required(not for making money but preventing losing the first account) esp for a newbie in forex .
Regards


P.S. Never ever use money management name close to Martingale. They are like extremes of a galaxy.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #659
  • Edited 2:18pm Oct 25, 2009 2:05pm | Edited 2:18pm
ForexSaint,

Where did I say anything about going live with this? I'm merely fascinated by the principles behind it and automated trading in general, and would like to contribute to the continued development of this EA. Question #3 in my post was merely to see if the NFA's ruling earlier this year had made it impossible to ever trade this system live--something that would be important to know if I were to participate in its development. Anyone who really gave this thread a good read as I have would know how risky it is.

As for your link, I PeterFM's newbie thread was one of the first I read on the forex factory, although much of the information was redundant to other beginner's resources I've encountered throughout the net.

It's a shame that the moment I said I was a "newbie," you correlated me with a wide-eyed, get-rich-quick type who's bypassed the fundamentals to "make millions" with an automated, plug and play solution. That's a shame.

In spite of this condescending first reply, I would still welcome anyone who knows any good introductory resources so I can contribute to a collaborative effort like this in the future.
  • #660
  • Oct 25, 2009 6:02pm Oct 25, 2009 6:02pm
Welcome aboard Jay. You gotta be in it to win it.
bull in a china shop
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