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DislikedHello Everyone,
it is first time I am posting here and I hope and believe I can contribute to this thread. I am new to the forum, but certainly not a novice for Forex - have been doing it for a bout 5 years full time.
I have used mGRID (the original version, to which I have mad many modifications) for quite some time on a live account until yesterday, when I lost about $5k on GBPCHF. I lost it because the EA does not work properly - in time of high volatility (and very low volatility too) when spreads are much higher, the orders are all over...Ignored
DislikedDuring backtests for EURUSD H1 no matter what settings I apply (1/2/3 level, 25 increment/autoincrement, trend filter on/off, volatility filter on/off, atr filter on/off, low water mitigation) I always get a big loss which cuts my account by more than a half.Ignored
DislikedHere is how I have changed mGrid(please consider this as a suggestions to improve the ViperGrid)
1. Consolidate the pending orders - no need to have 3,4,5 or more pending orders on one level - it probably bothers the broker and more importantly - it is difficult to track and monitor the work of the EA. As soon as a pending order has to be placed on a level that already has a pending order on it - delete the existing pending order and place the total of the existing and the new lots.Ignored
DislikedBy the way, I bothered to read through all 61 pages of this thread and I never, not once saw the word optimization. Is anyone doing any optimization or is everyone suicidal ( only if you use it live).
One question to whoever can answer it:
Is the ViperGrid EA time frame dependent, ie, does it matter the time frame of the chart it is placed on. I would think it is because of all filter added, they must be dependent on the time frame of the chart, but I would like someone who knows the EA really well to confirm itIgnored
DislikedHey Ozzie.
I'm running 2 grids, starting the second one when it reaches near b2 or s2.
the most number of grids which is comfortable to run is 3. but i've stopped doing that because sometimes the starting price for the grids end up getting pretty close to each other which removes the benefit of having a multigrid to start with. with 2 grids it takes a lot longer before the starting prices start bunching up. it would take a serious spike move.
best setting are gu 3 levels 22pip increment.Ignored
DislikedThis is a really good idea for those with a limit to the number of open and pending orders. On my demo account, I have a limit of 200 orders and I think many others have similar limits. This would GREATLY reduce the number of open orders. I may implement this.... Of course it does not help with margin limits...
It seems the other ideas are simply entry filters. I have not spent much time on the entry filters. I have been working more on the risk mitigation (if you start getting in trouble) and making it work better in general.
ViperIgnored
DislikedIn back tests, at the end of the testing period, every position is liquidated. Since the grid often runs drawdowns before it eventually closes in profit, the last trade set, even though in drawdown is closed for a loss. This is simply a poorly designed backtesting utility.
ViperIgnored
DislikedHi ogidimi,
So your supposition is that when the price closes above or below this i-regr ( bolliger band type indicator) then you should take a trade?
I like the idea since either it would be a breakout or sharp retracement if it reaches the outer edges of the i-regr band.
I am testing it out on Viper Grid 2.5
JagIgnored
DislikedNot Exactly. You have to enter ONLY if price crosses the iRegr line AND it has had one or more closed bars outside the iRegr channel. Besides, you have to enter in the right direction. For example - If the iRegr is slopped up enter only at the price crossing the BOTTOM iRegr line in direction from outside to the inside of the channel after it has closed one or more bars outside the iRegr channel. If the iRegr channel is slopping down enter at the price...Ignored
DislikedI tested it out and it gave a margin call on the second set lol. Problem is when a say a long trend is suddenly a short trend iRegr takes a while to adjust, and when price reaches within the boundaries again after a while an entry is placed which is bad. iRegr may work within the current major trend up or down but fails when it changes. The bad entry could also be avoided by maybe using your MA cross idea, or simply by saying dont enter if MORE THAN x BARS closed above or below the iRegr boundary (probably trend changing).
JagIgnored
Dislikedconsolidating orders may help for backtesting purposes as I believe it is based on 200 max orders (with Alpari UK).
However, this wouldn't help on accounts where a limit is set on the amounts of lots you can trade. Alpari's micro account has a 2 lot maximum (which happens to be 200 x 0.01lots!). Perhaps the demo has the same limit, but I don't think so.
I also have attached my results (and report in the zip file to show my settings are identical) as I have had widely different results between vgrid 2.4 and 2.5 with all settings equal - [b]can...Ignored
DislikedFor the lots, you would have to use the high/low water mark and set the value less than the broker allowed amount.
As for your trade results, why do the settings (input parameters) shown in your version 2.4 results contain parameters added only for version 2.5 ??? They did not even exist in v2.4...
ViperIgnored
DislikedOgie,
were you using the protective features in vgrid when you did the testing....Ignored
DislikedHi Viper, I did not get back to you because I was hopping you have seen my other postings and noticed that I posted the code of mGrid with iRegr long time ago. I took me a while to digest the turkey and come back to life.
Anyway - I have been testing the Viper Grid and I find it be an excellent EA. On the back tests, however, I noticed that it does not place all the orders all the time - this is a problem I had with mGrid EA too. For example - If the levels are set to 3, sometimes it places 3 long and 2 short pending orders or some times it places...Ignored
DislikedHi Ogi, I wanted to apologize. I did read your postings but did not examine the source code you posted. I thought they were indicators, not the EA.
I have updated ViperGrid to include a new volatility filter, as Ogi has suggested (I don't have the iRegr indicator so I used standard BBands instead), changed the logic of the price action filters (trend and volatility) so that if ANY are a go we can start a new grid instead of needing ALL to give the go. Added "sweet spot" starting price along with specified starting price so if price goes either...Ignored