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100% Win Math Grid Ea

  • #721
  • Nov 5, 2009 12:25pm Nov 5, 2009 12:25pm
Quoting seller9
Hi guys
I am happy with the 7% in about 12 hours but was wondering about the 2 losses.

Thanks
Gene
Hi Gene, (always wanted to say that)

Have you manipulated your settings at all? Thanks -J
  • #722
  • Nov 5, 2009 2:09pm Nov 5, 2009 2:09pm
I have not changed any settings yet.
I am in the process of reading the entire thread, I have been skipping around through the thread but am now reading the entire thing. Will see how things went today when I get home after work.

Thanks
Gene
  • #723
  • Nov 5, 2009 5:19pm Nov 5, 2009 5:19pm
Hi Guys
Here are the results on my demo account for the past 1 day. I haven't looked them over too deeply yet but thought I would post them for everyone to look at. I have also included the set file and I am open to any suggestions on changes I can make.
Remove the .txt from the files.
I hope this works.
I couldn't quite figure out how to insert the gif that shows the profit curve of the account.

Thanks
Gene
Attached File(s)
File Type: txt DetailedStatement.htm.txt   300 KB | 915 downloads
File Type: txt grid_m15.set.txt   2 KB | 712 downloads
  • #724
  • Nov 5, 2009 5:55pm Nov 5, 2009 5:55pm
How do you guys get around the limit the broker imposes for how many simultaneous open trades you can have? Alpari-UK seems to have a 200 order limit and gives "ordersend error 148" thereafter. Do you know of any brokers that do not have a limit?

This seems to be a more common problem than the threat of the "death trade" as the "set" will not close in profit if some pending orders are not allowed to be placed.
  • #725
  • Nov 5, 2009 6:22pm Nov 5, 2009 6:22pm
Hey seller9, which EA did you attach? The original mGrid_EA or the ViperGrid_EA?
You are in a maze of twisty little passages, all alike.
  • #726
  • Nov 5, 2009 6:23pm Nov 5, 2009 6:23pm
Quoting optojay
How do you guys get around the limit the broker imposes for how many simultaneous open trades you can have? Alpari-UK seems to have a 200 order limit and gives "ordersend error 148" thereafter. Do you know of any brokers that do not have a limit?

This seems to be a more common problem than the threat of the "death trade" as the "set" will not close in profit if some pending orders are not allowed to be placed.

Heard this as a rumour before so i checked with Alpari some time back. It may be a restriction with some other brokers.

"Thank you for your email.

There is no restriction on the total number of pending orders that can be placed in MT4 platform with a Classic or Micro account.

Regards,
Alfred Pobi
Client Services"

As far as i understand the only time you wont be able to place any new pending orders is if you do not have enough equity on account to support placing those pending orders on and above those that have already been placed.

bull in a china shop
  • #727
  • Nov 5, 2009 6:56pm Nov 5, 2009 6:56pm
ViperGrid_EA
  • #728
  • Edited 7:09pm Nov 5, 2009 6:58pm | Edited 7:09pm
I'm just trying out the viper too on demo. No changes to the defaults, just drag and drop to EURUSD M15 time frame and see what happens.

This is on IBFX by the way, a non-hedging US account. My backtest results on EURUSD M15 actually don't look too bad. Even without hedging the system seems to have positive expectancy.

As we of course all know, this can still blow up.
You are in a maze of twisty little passages, all alike.
  • #729
  • Nov 5, 2009 7:09pm Nov 5, 2009 7:09pm
Quoting plasmapants
Heard this as a rumour before so i checked with Alpari some time back. It may be a restriction with some other brokers.

"Thank you for your email.

There is no restriction on the total number of pending orders that can be placed in MT4 platform with a Classic or Micro account.

Regards,
Alfred Pobi
[color=black][font=Calibri][color=sienna][size=1]Client...

Thanks, Plasmapants! I also emailed Alpari as they have been bugging me to open a live account - we'll see what they say.

By the way, I'm trying to follow your multi-grid idea. I don't know if this is a good idea or not as even more pending orders would be opened? I need to think about whether it is a good idea or not.

I guess phrased another way - if you cannot make a single grid work well without margincall, how would a multi-grid work better?
  • #730
  • Nov 5, 2009 7:41pm Nov 5, 2009 7:41pm
joining thread
  • #731
  • Nov 5, 2009 7:45pm Nov 5, 2009 7:45pm
Quoting optojay
How do you guys get around the limit the broker imposes for how many simultaneous open trades you can have? Alpari-UK seems to have a 200 order limit and gives "ordersend error 148" thereafter. Do you know of any brokers that do not have a limit?

This seems to be a more common problem than the threat of the "death trade" as the "set" will not close in profit if some pending orders are not allowed to be placed.
Yes, FXDD only allow 200 orders as well.
  • #732
  • Nov 5, 2009 10:43pm Nov 5, 2009 10:43pm
Did anyone else get hit by the extreme ranging on the GU today? At one time I had almost 50 pending trades waiting in the wings and I don't know how many going live, but it was a lot.

Yes, it did finally end in profit, but to be honest I just don't see the need for so many open and/or pending positions.

Think about it. Why keep adding DD to price levels that have already been crossed? It just doesn't make sense. An EA that can open 100 trades at a time is virtual certainty of exploding your account one day.

I vote for creating a way to limit the amount of total orders. 12 orders seems best. That allows price to cross each of the 6 lines twice, which can happen in a tight range like today, but it removes any danger of exploding the account. After 12 crosses the lot size is triple the starting lot size, and that's plenty!

I just don't see the benefit in risking the EA to open dozens of positions. Tradingviper, can you make this happen please? I would go live with it tomorrow if I could limit the number of crosses to no more than 12.
" Average traders look to the left, great traders look to the right."
  • #733
  • Nov 5, 2009 11:34pm Nov 5, 2009 11:34pm
I had way over 92 trades open or pending (I then lost count!) on that G/U trade One will need a ream of paper just to print out the account history for the week.

The way the current EA is set up will, and trust me on this since I've been trading the forex live for over 8 years, it will definitely come up and bite you in the ass and when that happens you won't be expecting it and your account may not recover and there are reasons too numerous too mention here.

I don't see any valid reason for those pending and open trades to be set up in an exponential manner where so many open in a choppy market. 12 trades for any trade should be maximum. That's really all you need to make a profit 'FOR THE MOST PART"!
  • #734
  • Nov 5, 2009 11:59pm Nov 5, 2009 11:59pm
Are you guys kidding !!!!

READ THE THREAD !!!!!!!!!!!!!!!!!!!!!!!!!!!

Is says so a million times. It will blow up eventually. It doubles like that so each level it hits - if it continues to its TP - will end up slightly positive.

If you limit the pending orders to 'x' amount, it will certainly blow your account when it reverses on you and hits the SL.

Plus have you seen the low-water and high-water mark inputs ???

Read up on them, they will delete all pending orders once a 'max_lots' is hit or 'x' percent of margin. They will also try to exit the buys and sells for a slight profit if it can.
Luck is where preparation meets opportunity.......
  • #735
  • Nov 6, 2009 2:10am Nov 6, 2009 2:10am
I have added both the order reliable and viper mgrid to experts and viper mgrid shows up as an EA in my EA list in the account. Order reliable does not. The icon is gray, not "colored" like the other EA icons. I cannot get it to load on a chart. I did open both items in the editor and clicked compile. It had some warnings etc. that I ignored. I still cannot get the EA to load.
  • #736
  • Nov 6, 2009 2:25am Nov 6, 2009 2:25am
Quoting traderwep
I have added both the order reliable and viper mgrid to experts and viper mgrid shows up as an EA in my EA list in the account. Order reliable does not. The icon is gray, not "colored" like the other EA icons. I cannot get it to load on a chart. I did open both items in the editor and clicked compile. It had some warnings etc. that I ignored. I still cannot get the EA to load.
Orderreliable file should be in the experts/include folder. You should be OK after compiling. Good luck.
  • #737
  • Nov 6, 2009 3:02am Nov 6, 2009 3:02am
Quoting optojay
Thanks, Plasmapants! I also emailed Alpari as they have been bugging me to open a live account - we'll see what they say.

By the way, I'm trying to follow your multi-grid idea. I don't know if this is a good idea or not as even more pending orders would be opened? I need to think about whether it is a good idea or not.

I guess phrased another way - if you cannot make a single grid work well without margincall, how would a multi-grid work better?

The notion behind the multi grid is that even if one of the grids is caught in a range, you will have another grid taking profit. Try running it on demo and i think you'll see what i mean.

As far as margin call is concerned, you need to use the smallest lot size and have the largest equity. Trading 0.01 for every 10k on account seems about right.
bull in a china shop
  • #738
  • Edited 6:28am Nov 6, 2009 6:15am | Edited 6:28am
Quoting Ozzie Taz
Are you guys kidding !!!!

READ THE THREAD !!!!!!!!!!!!!!!!!!!!!!!!!!!

Is says so a million times. It will blow up eventually....
Yes, it can. But it doesn't need to be that way! Make the mods I suggest and use good MM and your account will never get blown under any circumstances.

If Tradingviper can be convinced to make this one modification I would go live with this tomorrow, no hesitation whatsoever (except that tomorrow is Saturday, but oh well. ) The stealth mode mod would be icing on the cake.

Listen guys, there is simply no reason not to make this modification. With one tweak it can go from a guaranteed acct buster to a guaranteed bank buster. But if you don't believe me and still want to face 100 open trades at a time that's fine with me, just leave this setting on default. No one's going to force you to do anything you don't like. But for me, I'm perfectly fine with having the odds stacked in my favor! If 100 open trades can't make you any more pips than 12, then I see no reason to have them, but that's just me.

Tradingviper, I beg you to make these changes asap.
" Average traders look to the left, great traders look to the right."
  • #739
  • Nov 6, 2009 6:23am Nov 6, 2009 6:23am
http://en.wikipedia.org/wiki/Martingale_(betting_system)
bull in a china shop
  • #740
  • Nov 6, 2009 6:38am Nov 6, 2009 6:38am
Just to avoid any confusion, I'm talking about limiting the EA to one grid at a time, each grid having no more than 12 possible trades under the current lot sizing system. If you need or want more grids, then just change the magicnumber and open a second grid, either on the same pair or some other. Staggering the grids in this way is far safer and far more profitable in the long run, and isn't that what we're all really looking for?
" Average traders look to the left, great traders look to the right."
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