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100% Win Math Grid Ea

  • #701
  • Nov 3, 2009 12:13pm Nov 3, 2009 12:13pm
@Tradeingviper,

Good answer. I see your point and I agree in principle. But the cynic in me still distrusts the brokers enough to not want them to see what my plans are.

Something different: How about a feature that allows for instant take profit once so many pips are in the green, regardless of any other variant happening at the moment. If set to TRUE and 12 pips, then it would harvest the pips and terminate all presets in the same moment, effectively creating a blank chart. Alongside this there could be a yes/no continuation command, which if selected would reset all the former commands once those 12 pips are harvested, or suspend all trading if not.

What's your opinion of something like that being added in?
" Average traders look to the left, great traders look to the right."
  • #702
  • Nov 3, 2009 12:56pm Nov 3, 2009 12:56pm
Quoting tradingviper
Hey Guys,

I made a beginner type error... I found it this morning. It looks like it will not close pending orders on JPY pairs. If it doesn't close them it will not start a new set. I did all my testing with GBPUSD.

The code uses the grids initial price in the comment to decide if any orders from the set have been closed and if so, close/delete everything remaining. Unfortunately, like a moron, I only considered one price format n.nnnn. Of course, JPY pairs do not conform to this.

Try it with non JPY pairs and it should work fine, even with...

Dont make us wait too long Viper.

After using mgrid and its varients for a long time i would say that the math/order placing in vGrid is hugely superior.
bull in a china shop
  • #703
  • Nov 3, 2009 3:35pm Nov 3, 2009 3:35pm
Quoting plasmapants
Dont make us wait too long Viper.

After using mgrid and its varients for a long time i would say that the math/order placing in vGrid is hugely superior.

I agree. After seeing the difference I'm actually going live with it very soon.

Although it seems like a small change, the change is rather critical so I have to get some hours on it before I release it to avoid any more egg on my face. "Frying-pan face" doesn't agree with me. :-)

Barring finding any more bugs, Friday at the latest.

If I get enough testing on the "low-water" risk mitigation, you may want to use that also. If set to 5%, it simply ramps down the desired profit each time a new 5% threshold is crossed, but always remains profitable. So you are not giving up a ton for the Death-Trade risk aversion. No need to comment back on this part - I know how you feel about it :-)

Viper
  • #704
  • Nov 3, 2009 6:20pm Nov 3, 2009 6:20pm
Quoting tradingviper
I agree. After seeing the difference I'm actually going live with it very soon.

Although it seems like a small change, the change is rather critical so I have to get some hours on it before I release it to avoid any more egg on my face. "Frying-pan face" doesn't agree with me. :-)

Barring finding any more bugs, Friday at the latest.

If I get enough testing on the "low-water" risk mitigation, you may want to use that also. If set to 5%, it simply ramps down the desired profit each time a new 5% threshold is crossed, but always remains profitable....
dont worry take your time nobody is probably going anywhere soon
  • #705
  • Nov 3, 2009 11:32pm Nov 3, 2009 11:32pm
Hi
Very interested in EA but have a couple questions.
1) Can I run it on a US broker with the new hedging rules?
2) Whats the best time frame to run it on?
3) What pairs work the best?

I attached it to a H1 USDCHF chart on IBFX Demo with the default settings just to see what it looked like. It showed 3 buy stop and 3 sell stop orders. The first buy stop got hit and opened and is presently trading with a small loss. What happens if the first sell stop is also hit with the buy still open?

Thanks
Gene
  • #706
  • Nov 4, 2009 12:35am Nov 4, 2009 12:35am
Quoting seller9
Hi
Very interested in EA but have a couple questions.
1) Can I run it on a US broker with the new hedging rules?
You have to choose a broker who allows hedging.
Quote
2) Whats the best time frame to run it on?
EA is independent of time frame, so just attach it to any chart.
Quote
3) What pairs work the best?
Works better on volatile pairs i.e., G/U, E/J, G/J, etc., but you can try other pairs.

Quote
I attached it to a H1 USDCHF chart on IBFX Demo with the default settings just to see what it looked like. It showed 3 buy stop and 3 sell stop orders. The first buy stop got hit and opened and is presently trading with a small loss. What happens if the first sell stop is also hit with the buy still open?
Thanks
Gene
Read the thread to understand the basics of this EA. Good luck.
  • #707
  • Nov 4, 2009 7:34am Nov 4, 2009 7:34am
Hey guys, sorry if this has been asked/answered already, but can anyone explain why the one lot amount (circled) is larger than the rest?
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" Average traders look to the left, great traders look to the right."
  • #708
  • Nov 4, 2009 8:55am Nov 4, 2009 8:55am
Quoting magicchance
Hey guys, sorry if this has been asked/answered already, but can anyone explain why the one lot amount (circled) is larger than the rest?

See postings by Hanover at the begining of the thread. He gives a good explanation about how this system works.
bull in a china shop
  • #709
  • Nov 4, 2009 10:31am Nov 4, 2009 10:31am
Sorry I asked the wrong question about time frame in the earlier questions, what I wanted to know is what chart time frame works the best or is everyone having the best luck with? I see the previous post was using M15, is that what everyone likes the best?

Appreciate your help

Gene
  • #710
  • Nov 4, 2009 10:52am Nov 4, 2009 10:52am
I still don't see where this question has been answered. I fully grasp the concept of loss mitigation and why the final lot size might be higher than the rest. I don't believe it to be necessary with this EA and I would prefer to have it removed, but I do at least think I know why it was put there in the first place.

But why is it only attached to the final Sell level and not the Buy? That seems lopsided to me, and this is exactly the type of inconsistancy a broker can one day take advantage of to our detriment.

If I've missed this point in my reading I apologize and only ask to be directed to the right post where this has been explained.
" Average traders look to the left, great traders look to the right."
  • #711
  • Nov 4, 2009 11:00am Nov 4, 2009 11:00am
Quoting seller9
Sorry I asked the wrong question about time frame in the earlier questions, what I wanted to know is what chart time frame works the best or is everyone having the best luck with? I see the previous post was using M15, is that what everyone likes the best?

Appreciate your help

Gene
The basic strategy is independent of indicators and therefore independent of chart timeframe, so it make no difference at all.

Some of the entry filters (trend filter, vol filter, etc.) do use indicators and they are based on the chart timeframe, so they are the only part that matters. If you are using them, longer chart timeframes are probably better.
Viper
  • #712
  • Nov 4, 2009 11:03am Nov 4, 2009 11:03am
Quoting magicchance
I still don't see where this question has been answered. I fully grasp the concept of loss mitigation and why the final lot size might be higher than the rest. I don't believe it to be necessary with this EA and I would prefer to have it removed, but I do at least think I know why it was put there in the first place.

But why is it only attached to the final Sell level and not the Buy? That seems lopsided to me, and this is exactly the type of inconsistancy a broker can one day take advantage of to our detriment.

If I've missed this point in...
The method really has been described in detail, especially early on in the thread. Each level uses a different lot size. It will increase the lot size on the buy side if one of your sell orders gets triggered also. Read more, play more, watch it more, it does work...
Viper
  • #713
  • Nov 4, 2009 11:16am Nov 4, 2009 11:16am
Thanks guys for all the answers but I have one more.
I presently am using FXDD and Alari US and am wondering what broker I can use for this EA as I am in the US.
Thanks
Appreciate your answers

Gene
  • #714
  • Nov 4, 2009 11:24am Nov 4, 2009 11:24am
Quoting magicchance
I still don't see where this question has been answered. I fully grasp the concept of loss mitigation and why the final lot size might be higher than the rest. I don't believe it to be necessary with this EA and I would prefer to have it removed, but I do at least think I know why it was put there in the first place.

But why is it only attached to the final Sell level and not the Buy? That seems lopsided to me, and this is exactly the type of inconsistancy a broker can one day take advantage of to our detriment.

If I've missed this point in...

The basic principle in any martingale system is that as long as you have more opens positions heading in one direction than in the other, when price breaks out, you will be in profit.

So for every buy order that is taken, we are adding to the pending sell orders just in case price reverses, and for every sell order that is taken we add pending orders on the buy side just in case price reverses.

With the orignal mGrid, porders were being added at every level. This caused a problem in that if the price constantly spiked above and below the pivot you could have hundreds of porders being placed. With vGrid, we start by placing porders at the furthest level first and then work our way to the pivot. This hugely reduces the potential for spikes and consequently the number of porders placed.

Hope that helps.
bull in a china shop
  • #715
  • Nov 4, 2009 11:29am Nov 4, 2009 11:29am
Quoting seller9
Thanks guys for all the answers but I have one more.
I presently am using FXDD and Alari US and am wondering what broker I can use for this EA as I am in the US.
Thanks
Appreciate your answers

Gene

Your going to need a broker outside of US.

Try Alpari UK or Nord Markets.
bull in a china shop
  • #716
  • Nov 4, 2009 11:50am Nov 4, 2009 11:50am
Thanks guys, that explains it. Thanks for taking the time.

But along that same line, will the lots increase every time a line is crossed as in a tightly ranging market (4, 5, 6 times?), or just once and that's it?

Tradingviper, I've had this running the past 24 hours on GU and it's cycled thru 4 times already with almost zero DD. No convincing is needed! I'm sold! But this lot size "issue" didn't crop up until today when volume slowed enough to encourage a range to form.

Again fellas, thanks for all your help. I can't wait to see how this progresses.
" Average traders look to the left, great traders look to the right."
  • #717
  • Nov 5, 2009 12:23am Nov 5, 2009 12:23am
Quoting magicchance
Thanks guys, that explains it....
Hi Magic,
The original orders are placed using your initial lot size. Then evertime an offsetting order needs to be placed, it is placed with the initial lotsize times the level. That is fixed and does not increase or change. It may need to purchase at all levels and sometimes more than once to offset a potential loss, but the lotsize is fixed based on level.
Hope that helps.
Viper
  • #718
  • Nov 5, 2009 4:06am Nov 5, 2009 4:06am
Thanks Tradingviper, I'm all out of questions now.

Take a look at the pic. The screen has looked like this for nearly 30 minutes. The EA has cycled successfully 7 times in 30 hours (wow, amazing!!!) but now the platform won't allow the pendings to be set into place. I can't prove the broker is at fault, but what else can it be? For me, cynic that I am, this is just more evidence of broker manipulation. This is also a perfect example of why we should have stealth settings.
Attached Image (click to enlarge)
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" Average traders look to the left, great traders look to the right."
  • #719
  • Nov 5, 2009 9:39am Nov 5, 2009 9:39am
Hi guys
I opened a demo account on a non US broker to see how the EA would work. I put it on the GBPUSD M15 chart at the default settings out of the box. I started it about 12 hors ago and went to bed. This morning I checked it before going to work to see how it was doing. Just a quick look I saw 2 losses but the account was up +7% with a bunch of other pending orders, and a couple open orders. I will take a closer look tonight when I get home from work and see what its doing.
Does this sound like its doing whats its suppose to be?
I am happy with the 7% in about 12 hours but was wondering about the 2 losses.

Thanks
Gene
  • #720
  • Nov 5, 2009 11:53am Nov 5, 2009 11:53am
Quoting seller9
Hi guys
I opened a demo account on a non US broker to see how the EA would work. I put it on the GBPUSD M15 chart at the default settings out of the box. I started it about 12 hors ago and went to bed. This morning I checked it before going to work to see how it was doing. Just a quick look I saw 2 losses but the account was up +7% with a bunch of other pending orders, and a couple open orders. I will take a closer look tonight when I get home from work and see what its doing.
Does this sound like its doing whats its suppose to be?
I am happy with...
Every SET will close in profit (assuming you have more margin than the market demands). That can be a mixture of winning positions and losing positions. The system ensures that you have more winning positions than losing ones. In very sideways markets, you may have many many losing trades and a few more winning trades. Be aware also that you can experience significant drawdown waiting for the market hit our targets.

Make sure you read through the thread to understand the risks. This EA can (some say inevitably WILL) wipe out your account in a prolonged period of sideways consolidation.
Viper
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