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Attachments: Trading the anti-grid with the snowball EA
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Trading the anti-grid with the snowball EA

  • Post #41
  • Quote
  • Edited 6:11am Jun 16, 2010 5:45am | Edited 6:11am
Quoting Saintsurfer
Hi 7bit, can you tell me what is bidirectional for or how it works??
Bidirectional was the first mode that I implemented (before long and short) and it is what was initially described on my website. long and short are special cases.

In bidirectional mode it will not trail the entries, it will place short orders below and long orders above the starting price and then trade either short or long, depending on whether current price is below or above the staring price. The starting price is never moved.

In long or short mode it will only place orders in one direction and it will trail the starting price up or down if price continues to go the wrong way after the last trade has been stopped.

Bidirectional mode can be used if you expect a breakout but have absolutely no idea where price will go.

You should extensively test it on demo to see how it behaves with your own eyes to get a feel for it.
Quoting finimej
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.
This is actually the thing that I will be researching next.

If I can find a combination of grid and anti-grid where the break-even parabola of the anti-grid always lies inside the break-even parabola of the grid and then simply make the ratio of the lot sizes equal to the ratio of the grid widths then this would be the holy grail.
The only problem with placing orders in both directions is lots of times markets will range 50 pips up and down before it makes a move.
Try it on demo, I think the larger the limit difference >50 the more successful it will be. But then doesn't it become a automated system ?
The winner of the rat race is still a rat.
Quoting LittleLuca
The only problem with placing orders in both directions is lots of times markets will range 50 pips up and down before it makes a move.
yes, you have to carefuly select the starting point. maybe the tip of a triange formation on the H4 or dayly timeframe, a big move must be imminent.

Quote
Try it on demo, I think the larger the limit difference >50 the more successful it will be. But then doesn't it become a automated system ?

bigger distances only make it slower and more boring to trade, the properties of the system stay more or less the same. But you will lose less spread and commission and also you can trade it with smaller accounts because you will lose slower (but also win less).
euro will retrace. It started breaking trend lines.

I reversed my long to short (was at level 1)
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7bit,
send you email about "oanda.mqh". can you please check it? thanks.
regards
Hi 7bit,

Interesting read! I am demo'ing the EA and will give you some feedback.

I was looking for something similar to this. Thanks. Keep up the great posts!
We are our own best indicator.
this one was initially started as a long (the dark red vertical line) but then a few hours later reversed to short (much too early again). I then wanted to take profit at 1.22 but lost my patience today. I paused it after crossing breakeven, then continued the same cycle ~30 pips higher (see how BE was also moved up for the last hours) and two hours later finally closed it and ended the cycle. total profit 160$, max drawdown 520$

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WOW!!! This is great!

Just playing with it on demo.

The buttons and moving the line are very cool btw...
short since yesterday
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still short. targeting the magenta line:
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  • Post #52
  • Quote
  • Edited 5:06am Jun 29, 2010 4:48am | Edited 5:06am
Starting Sell on GU targeting 1.4833 30 pip stops
FWIW - UCHF looks like another 100 pips up and EU down to 1.2096.
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Jefftrader,
The auto wave counter there on your chart are very nice. Would you mind to enlight?

regards
  • Post #54
  • Quote
  • Edited 7:49am Jun 29, 2010 7:35am | Edited 7:49am
closed the short and opened a long.

Merkel and the others want depression and deflation to let the financial vampires suck even the last drop of blood (money) out of the economy before it finally dies, so I am now long eurusd.

The high anchor point of the fib tool on the chart is taken from the oanda chart and was the actual high during early interbank trading on that Sunday.
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Quoting finimej
Jefftrader,
The auto wave counter there on your chart are very nice. Would you mind to enlight?

regards
It's all manual - Elliott Wave
I posted on the other thred antigrid with snowball ea and hope you can look at it, I have trendlines with the start short start long descriptions but it does not seem to trigger trades when price crosses a trendline - any thoughts as said the descriptions are there as you can see - hope you can help as I teast your great work
closed the long. Now waiting for another long setup.
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I have started trying this on EUR/AUD. This is the 3rd snowball currently running. The first one could have had a better exit, I waited too long. I believe EUR/AUD will unwind the last 5000 short pips that it has made during the last 16 or so months. It has also hit the lower range boundary on the yearly chart. when we have crossed the recent spike from May i will try to do longer pyramids.
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well that was no fun-- started long on GU off the 4hr ltl hit tp too soon...

30 pips was too tight for sells yesterday on GU (went manual)
Quoting Jefftrader
well that was no fun-- started long on GU off the 4hr ltl hit tp too soon...

30 pips was too tight for sells yesterday on GU (went manual)
GU is tough to trade with snowball, It gives me many headaches, retrace are often and deep. maybe with a bigger stop_distance it might be better. I have today closed a snowball on GU just a bit above breakeven that has been running too long already and decided to concentrate mainly on eurusd, audusd and euraud. They seem to have long smooth trends and much less retracing than GU.
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