BK's Grid EA (Martingale) | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Grid, Burst Grid, Grid Risk and Grid Profit 1 reply

Attachments: BK's Grid EA (Martingale)
Exit Attachments

BK's Grid EA (Martingale)

  • #21
  • Feb 8, 2011 10:55pm Feb 8, 2011 10:55pm
Bk,

Thanks for sharing this EA. Great job on this EA. I bet it took you a lot of time to study and develop this concept. I have to applaud you for this.

I was working on a similar hedging-martingale system. And I was looking for ideas on how to extend the 'life' (or number of 'bad trades') of my system. Like you said on the previous thread, the regular martingale system can only take up 10 'bad trades' at a time. The system you have is awesome. I wish I have thought of this earlier.

I agree with you that martingale with good MM can work. I am guessing that you are sharing this EA to dispel the popular belief that "martingale does not work". Just because man has never been to pluto, does not mean that it is impossible. Right?

Questions:
1. If I understood you correctly from this thread and the thread in 2008, you would recommend at least 10K account with 0.01 lot for the EA to be able to take up to 75 losses (or 75 trades at a time) for one currency pair at a time, right?

2. How many percent is the average monthly profit?

3. Which pair are are the most profitable? from my demo test shows EU is leading.
  • #22
  • Feb 9, 2011 8:32am Feb 9, 2011 8:32am
BK,

Can you go further into how this can be used to manage your manual trades? So if I want to exit out of a manual trade that is in a loss, then I just need to attach this EA? Thank you for any help. And thanks for sharing this EA.
  • #23
  • Feb 9, 2011 4:24pm Feb 9, 2011 4:24pm
Hi BurgerKing I was looking for something like this!

Its a nice piece of work, Thanks for sharing!!!

I just put it on my "dime" Demo account and I like what i see.

Questions, when you traded the EA on your live $5000 account what was
your leverage?



I have an account that allows 200:1 leverage, what dollar amount would you
recommend from your experience to trade 0.01 lots safely at 200:1?


Thanks!
  • #24
  • Feb 10, 2011 8:10pm Feb 10, 2011 8:10pm
In case, someone is using the abovementioned parameters. They are not working.

Need to put these two lines in the start function for them to work:

Inserted Code
_EnableAutoBuy = EnableAutoBuy;
_EnableAutoSell = EnableAutoSell;

BurgerKing: Will you recommend using the default 8/10 for the grid or the settings which are hardcoded for the various currency pairs in the code?

I notice that the average buy and average sell price drawn on the chart serves as an interesting breakout pattern when running 8/10 grid.
  • #25
  • Edited 9:07pm Feb 10, 2011 8:53pm | Edited 9:07pm
Quoting mallim
Need to put these two lines in the start function for them to work:

Inserted Code
_EnableAutoBuy = EnableAutoBuy;
_EnableAutoSell = EnableAutoSell;
The following is at the global declaration area. Isn't it the same?
Inserted Code
bool       _EnableAutoBuy          = true;
bool       _EnableAutoSell          = true;
  • #26
  • Feb 10, 2011 10:34pm Feb 10, 2011 10:34pm
Hi

Thanks for sharing the EA. I left EA on EURUSD overnight when I comeback and see it made 5% profit and exited MetaTrader, my system was not rebooted. I am not sure whether this is correct or something wrong with my settings/internet connections.

Also please tell me when this EA can fail, like if the market moves xxx pips in one direction without retracing of xxx pips.
Weigh well output the loss and gain And proper action ascertain
  • #27
  • Feb 11, 2011 2:03am Feb 11, 2011 2:03am
Quoting delorean
The following is at the global declaration area. Isn't it the same?
Inserted Code
bool       _EnableAutoBuy          = true;
bool       _EnableAutoSell          = true;
Nope, you can try and set both EnableAutoBuy and EnableAutoSel to true at the parameters screen and see if it works.
  • #28
  • Feb 11, 2011 3:29am Feb 11, 2011 3:29am
Quoting mallim
Nope, you can try and set both EnableAutoBuy and EnableAutoSel to true at the parameters screen and see if it works.
Everything is functioning without changing anything. The EA is buying and selling as it should be.

What is not working for you anyway?
  • #29
  • Feb 11, 2011 3:42am Feb 11, 2011 3:42am
Sorry set EnableAutoBuy and EnableAutoSel to false so that the EA will
not open the first position.

It is not working if the parameters are false.
  • #30
  • Feb 11, 2011 4:29am Feb 11, 2011 4:29am
Quoting mallim
Sorry set EnableAutoBuy and EnableAutoSel to false so that the EA will
not open the first position.

It is not working if the parameters are false.
That is true.

Do you plan to manually open the first trade? Or program some condition to trigger the first trade?

Just to share my testing update:
I got 200K demo account with 0.1 base lot and 70% max DD setup. On EURUSD pair yesterday (10 feb), I got 23 BUY trades starting from the peak currently stuck. Unless it retrace 170 pips back up, I think its going for a 140K loss. YIKES. As Bk said earlier, "Ranging market is this EA's friend". Major market trending is MAJOR LOSS.

I see huge potential in this EA, but it needs additional function to be able to handle Trending Market as well. I was thinking of combining this BK's EA with another Trending EA. Just need a good logic condition to switch from ranging mode to trending mode. Got any ideas?
  • #31
  • Feb 18, 2011 6:29am Feb 18, 2011 6:29am
BK, thank you for this EA. I started to watch it on demo for 3 days. It works nice but sometimes the EA try to modify an already modified order continously many times a second. I attached what I mean. There is 3 buy order and EA send request to the server again and again. What is the problem?
Attached Image (click to enlarge)
Click to Enlarge Name: BK-EA.jpg Size: 68 KB
  • #32
  • Feb 20, 2011 9:26am Feb 20, 2011 9:26am
Quoting kiralytommy
There is 3 buy order and EA send request to the server again and again. What is the problem?
It's a bug. In some cases, it might compared 4 digits prices with 5.

Attached is the fixed version. I hope BK don't mind.

Original:
Inserted Code
//@line 409 and 514
else if (OrderTakeProfit() != TP || OrderStopLoss() != _SL)
Edited:
Inserted Code
else if (NormalizeDouble(OrderTakeProfit(),Digits) != NormalizeDouble(TP,Digits)
 || NormalizeDouble(OrderStopLoss(),Digits) != NormalizeDouble(SL,Digits))
Attached File(s)
File Type: mq4 BK's Grid-delorean edit V0.1.mq4   23 KB | 2,693 downloads
  • #33
  • Feb 20, 2011 12:51pm Feb 20, 2011 12:51pm
Wow. Thank you, delorean.
Do you know how to stop the EA without loss? It run on EURJPY with 5 buy/15 sell open trades. I use the default 8/10 gridsize. Extreme profitable but I don't think it survives too many days :-)
  • #34
  • Feb 20, 2011 1:30pm Feb 20, 2011 1:30pm
Guys what settings should i use to make the ea place orders.It doesn't backtests.&^%*$#?
Aut cum scuto, aut in scuto
  • #35
  • Feb 20, 2011 8:28pm Feb 20, 2011 8:28pm
Quoting profitmonit
Guys what settings should i use to make the ea place orders.It doesn't backtests.&^%*$#?
I think BK made it that way for a reason. Although there is a way around it, but i think its not my place to dissect the code - unless BK says its ok.

If you read back, "FORWARD TEST on 10K account with 0.01 base lot on DEMO ACCOUNT only" (dont say I didnt warn you). And if your broker allows minimum 0.1 lot, you should have a 100K account.

Quoting kiralytommy
Wow. Thank you, delorean.
Do you know how to stop the EA without loss? It run on EURJPY with 5 buy/15 sell open trades. I use the default 8/10 gridsize. Extreme profitable but I don't think it survives too many days :-)
It is every EA's purpose to be profitable. But NO EA can guarantee to "stop without loss".

You should try the default gridsize (0/0 will set it to default). It should be able to survive longer, but with lesser profit. Try it and let us know. It would be great if you could demo it. My computer is maxed out already. Haha

Just to share my DEMO Forward testing update:
- it works best with USDJPY or any other low volatility pair. This is compared to EURUSD and GBPUSD.

- With 10K account on with 0.01 base lot and 0.2 risk settings, the breaking point of this EA is around 60 points from the first order opened. At 60 points away from the start, it should have 20-25 orders (around 100-120 lots) opened on one side. Beyond 60 points, basically the account dont have enough money to open your next order (Please correct me if Im wrong). So, if the market shoots up or down more than 60 points without retracing back to 60 points, it would fail.

- When market is ranging, using USDJPY pair, it can make 1K/ day on a 10K Acc with 0.01 base lot and risk at 0.2 (20%). Pretty neat eh? BUT, very high risk. So, please try it on DEMO only.

- EA seems to be able to survive longer on default gridsize (0/0). But with lesser profit. Still testing. So, stay tuned.
  • #36
  • Feb 20, 2011 10:05pm Feb 20, 2011 10:05pm
Quoting delorean
I think BK made it that way for a reason. Although there is a way around it, but i think its not my place to dissect the code - unless BK says its ok.

If you read back, "FORWARD TEST on 10K account with 0.01 base lot on DEMO ACCOUNT only" (dont say I didnt warn you). And if your broker allows minimum 0.1 lot, you should have a 100K account.



It is every EA's purpose to be profitable. But NO EA can guarantee to "stop without loss".

You should try the default gridsize (0/0 will set it to default). It should be able to survive longer,...

Interesting Martingale, yea..
why not putting your demo account at myfxbook...(just a suggestion)..
intention is, comparison and performance monitoring can be done easily.

best rgds,
Akukaya
  • #37
  • Feb 21, 2011 7:11am Feb 21, 2011 7:11am
Quoting akukaya
Interesting Martingale, yea..
why not putting your demo account at myfxbook...(just a suggestion)..
intention is, comparison and performance monitoring can be done easily.

best rgds,
Akukaya
not real money..but live trade to simulate my new strategy..

the daily percentage in fxbook shows lower just because I started on midnight(few hours) on the first day! Within 24hrs trades, gain >30% and

EA seems passed >100 trades already(110 trades)..wow!!

come on guys, if account double before the margin call, I will trade with live money..
u guys can have the EA free too...lets see how EA progress..

http://www.myfxbook.com/members/akukaya/akukaya2011/87361
  • #38
  • Feb 21, 2011 8:14am Feb 21, 2011 8:14am
Quoting akukaya
not real money..but live trade to simulate my new strategy..

the daily percentage in fxbook shows lower just because I started on midnight(few hours) on the first day! Within 24hrs trades, gain >30% and

EA seems passed >100 trades already(110 trades)..wow!!

come on guys, if account double before the margin call, I will trade with live money..
u guys can have the EA free too...lets see how EA progress..
Which EA is this? Is it BK's Grid EA?

I will post demo results when I have a chance to set it up.
  • #39
  • Feb 21, 2011 8:55pm Feb 21, 2011 8:55pm
As requested. Here is BK's Grid demo testing. 16% gain in 9 trading days. I didn't run it consistently tho.

https://www.myfxbook.com/portfolio/bks-grid-demo/88215

Setup:
Pair: USDJPY
Account: 100K
base lot: 0.1
Max DD: 10%
Min Grid: 8
Max Grid: 10
Grid factor: 2
Enable sound: False (FYI, too noisy for me)
Everything else is on default

cheers.
  • #40
  • Feb 21, 2011 10:07pm Feb 21, 2011 10:07pm
Quoting delorean
As requested. Here is BK's Grid demo testing. 16% gain in 9 trading days. I didn't run it consistently tho.

https://www.myfxbook.com/portfolio/bks-grid-demo/88215


cheers.
attached is comparison of martingale system in myfxbook
as of today.
Attached Image (click to enlarge)
Click to Enlarge Name: compareMartingale_EA.JPG Size: 58 KB
0 traders viewing now