Trading the anti-grid with the snowball EA

Nice eurusd movements today :-)

I moved the target to 1.22222, this is a nice round number :-)

Time can be converted into money :nerd:

I have paused it for the weekend 1 hour before NY close. Looks like this was a bit too early, it went further up afterwards.

I'm thinking about continuing into long direction and even moving up my target another time when market opens again, at least to 1.2300. After analyzing USDCHF on H4/D1/W1 which has always given me good hints for EURUSD the only reasonable trade for USDCHF can only be short.

Therefore I will continue EURUSD long. I believe eurusd has the potential to go up at least to 1.26 and beyond, this could even be a major reversal.

I have no screenshots today because I already shut down my trading machine for the weekend.

I have closed it a couple of pips above breakeven.

My closing and reopening for the weekend caused me to lose 35 pips and let the breakeven go up 35 pips. From this moment on anger controlled my emotions. I decided to close this thing at breakeven and not wait for my target and wait until I am in a neutral emotional state again. I still gained 67$.

This was not the textbook example of how to use this system, this was an example of what happens when the entry is chosen horribly wrong.

Such things happened before. Here is the zoomed out equity curve to see it in relation to what usually happens:

pending "start long" at 1.2160 the bull is not over yet.

Hi 7Bit,

Thanks for the EA I have been testing it for 1 month with good results so far.

I have a question about Auto-TP input. I tried to set it at 2 but it opened 6 levels on GBP/USD and then closed in profit.

Could you please clarify what is the Auto-TP setting for and how it works?
I thought it would close after opening the second level.

Thank you.

a setting of 2 means it will close 2 levels (or more precisely the distance that equals 2 levels) above break-even. auto_tp will always close in profit and the longer the cycle has run already, the bigger (in dollar) this profit will be, because it will happen in a higher level. The info block (top left display) will give a rough estimate at which price this will happen and also how big the total profit of the cycle would be at this level.

It did not reach my entry at 1.2160 so I started it manually

closed it at level 4

The way your account grew this past few months, I think Oanda will soon start to notice you and starting to give slippage and stuff to you

A little feedback from me about risk allocation.

For textbook %R trader, total risk allocation can be adjusted by the number of grids between our trade plan if we choose to trade without the auto-tp levels protection. So if you have N grids, then split your risk per grid as follow: %R / N, or %R / 2N for a very conservative way (if the price is extremely choppy along the way). Just exit manually the sequence net loss is > than you % risk.

I attached the chart to show one of my failed target. it shows 8 grid loss in 6 levels of grid after it failed just above target (pink stripped lines). Potential maxprofit if final target is hit on those trades is 21 times grid profit value. So its roughly 3:1 RR trade sequence if we use %R / N.

But this will mean we're not maximizing the profit potential. I personally use this for my learning phase, before I go full %R per grid. I hope it's useful to preserve any learner trading capital.

7bit, sorry for posting this in your journal..... forgive my intrusion.

I doubt it. Oanda does not trade against their customers, they are always completely hedged, so there would be nothing to gain for them. My oanda bridge already has a delay of 3 to 5 seconds per order (i mirror filled stops in mt4 via market orders at oanda) and the average slippage is zero (as expected).

Hope this will be triggered tonight

That trendlines.. are you Twoblink? Really curious hehe, the way you both draw trendlines, and the way you both pyramids.

lol, no. I don't know twoblink's style. I'm trading freestyle

Hi 7bit, can you tell me what is bidirectional for or how it works??

Hi 7 Bit,
How about run both Grid and Anti grid EA on the same account? then you have smoother equity curves no matter how the market is moving.

Regards.

Long has been triggered