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https://sites.google.com/site/prof7bit/snowball
Files at bottom of the page.
Carolco: a grid auto-trading robot by SteveHopwood
- #25
- Edited 3:27pm Aug 23, 2011 12:18pm | Edited 3:27pm
Hi Steve,
Im sorry for my ignorance.. I setup carolco on my demo and every pending stop order has beside TP also SL. Theres no reason for SL and I think with SL would be not effective.
The closure of the grid should be according eventualy conditions.
BB sends a trade @ 1.44100 and carolco sends a grid with x pip distance beginning with 1.44100. In every scenario there are always only two pendings opened (in ideal conditions).
-scenario 1. price goes against us right after entry. Both trades ends with closure conditions according to NB 10 Trend System or recorvery 1.2.6. or hedge or whatever..
-scenario 2. price goes in our direction and then goes back to its entry point
after x pips (f.e.50) SL of recorvery trade and the last opened trade from the grid move to entry point (BE).. We already gained from pendings (50 pips) and the last opened pending of the grid makes -50 pips loss. We gained nothing
-scenario 3. The price goes from its entry more than 100 pips.
in this case we can let it run. We do not care if some of the pendings are in loss till the loss will be equal of the profit of the recorvery trade..
The price fluctuate all the time and I do not expect straight move even in trending markets so there will be time to time some DD of last pendings of the grid which could be easyily covered by Recorvery trade.
The good thing is that the more the price goes our direction from the entry point the longer we stay in without worrying to get out early or late.
I hope it makes sense.
Thank You anyway
Im sorry for my ignorance.. I setup carolco on my demo and every pending stop order has beside TP also SL. Theres no reason for SL and I think with SL would be not effective.
The closure of the grid should be according eventualy conditions.
BB sends a trade @ 1.44100 and carolco sends a grid with x pip distance beginning with 1.44100. In every scenario there are always only two pendings opened (in ideal conditions).
-scenario 1. price goes against us right after entry. Both trades ends with closure conditions according to NB 10 Trend System or recorvery 1.2.6. or hedge or whatever..
-scenario 2. price goes in our direction and then goes back to its entry point
after x pips (f.e.50) SL of recorvery trade and the last opened trade from the grid move to entry point (BE).. We already gained from pendings (50 pips) and the last opened pending of the grid makes -50 pips loss. We gained nothing
-scenario 3. The price goes from its entry more than 100 pips.
in this case we can let it run. We do not care if some of the pendings are in loss till the loss will be equal of the profit of the recorvery trade..
The price fluctuate all the time and I do not expect straight move even in trending markets so there will be time to time some DD of last pendings of the grid which could be easyily covered by Recorvery trade.
The good thing is that the more the price goes our direction from the entry point the longer we stay in without worrying to get out early or late.
I hope it makes sense.
Thank You anyway
- #29
- Aug 24, 2011 3:39pm Aug 24, 2011 3:39pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
Im sorry for my ignorance.. I setup carolco on my demo and every pending stop order has beside TP also SL. Theres no reason for SL and I think with SL would be not effective.
The closure of the grid should be according eventualy conditions.
BB sends a trade @ 1.44100 and carolco sends a grid with x pip distance beginning with 1.44100. In every scenario there are always only two pendings opened (in ideal conditions).
-scenario 1. price goes against us right after entry. Both trades ends with closure conditions according to NB 10 Trend...
Update in post 1.
- #30
- Aug 24, 2011 3:40pm Aug 24, 2011 3:40pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
could anybody make amodification to this EA?
1. change pending order to BUY LIMIT
2. set the SL to be true or false..
many thx...
I will do it, but you might have to nag a bit.
- #32
- Aug 24, 2011 4:13pm Aug 24, 2011 4:13pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here are two scripts to try out the ea
Seems to work pretty good provided there is a trend.
Steve, hope you do not mind
Cheers
Pat
- #36
- Aug 25, 2011 8:31am Aug 25, 2011 8:31am
I trade GOLD,
if i don't use FILTER 10 MA at 5MTF I will BLOOD CRY now
here is my template
if LEVEL below 10MA, i will SELL at every LEVEL... even if price back to PREVIOUS LEVEL but still below 10 MA, i put SELL AGAIN
just like that
if i don't use FILTER 10 MA at 5MTF I will BLOOD CRY now
here is my template
if LEVEL below 10MA, i will SELL at every LEVEL... even if price back to PREVIOUS LEVEL but still below 10 MA, i put SELL AGAIN
just like that
Simplicity your Life
- #38
- Aug 25, 2011 11:04am Aug 25, 2011 11:04am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Try to understand whats going on here and then come again, please...
- #39
- Aug 27, 2011 4:04am Aug 27, 2011 4:04am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
could anybody make amodification to this EA?
1. change pending order to BUY LIMIT
2. set the SL to be true or false..
many thx...