BK's Grid EA (Martingale)

Hi,

What is the minimum account size to trade using this ea ? I have 1000 USD. Is it enough?

thanks.

yes

not seem to be working

Does anybody still want a backtestable version of this EA?

Let me know if there is an interest for it and I will put it up here.

BurgerKing may have gone missing but McDonalds is in the house!

I've been playing around with the settings.

I'm thinking of a setup where you start running the grid at a certain time of the day (when volatility is lowish) on a few pairs, and as soon as you reach profit target for the day (say 1%) you close out across all pairs and start again (either the next day or at another time when volatility is lowish).

Does anyone else have ideas on how to use this grid?

Some of the settings I've been playing around with so far include entering off the hour chart when 2 hours ago the high-low was >= 50 pips and 1 hour ago the high-low was <= 20 pips.

I have also been testing started the grid at a certain time each day and ending trading for the day after reaching X profit target, then starting again the same time the next day (ie using a starting point when volatility is low using the volatility charts at mataf.net).

Perhaps there are some indicators that could help pinpoint an appropriate entry point for this strategy?

I think there could be merit in using a good entry condition across a few pairs and then shutting down once the profit target is met for the day.

With all these kinds of systems the key is limiting the risk of blowing up and having it return highly enough to warrant even taking the risk of blowing up in the first place!

I should have mentioned that originally I was testing EURUSD, but it was blowing too much so I have switched to the other end of the spectrum in terms of volatility and have been testing EURGBP. I steered clear of USDJPY because of BOJ intervention. I might try AUDCAD.

Is there anyone out there remotely interested?

Hi McDonalds, am interested in a backtestable version. Can you please make and post one here? Many thanks

Hi fxwealth,

I've attached both BK's original and Delorean's edit in MQ4 version, both are backtestable.

Let me know if you get any good results!

Hi McDonalds

Thanks so much! Will backtest both and if i find suitable settings will let you know. Many thanks

Hi McDonalds

Tried both ea's on 4 and 5 digit brokers but it is not opening trades. In the journal i see a zero divide error. Can you pls fix this? Thank you

Best rgds

Did you use just the default inputs or did you change the settings?

If possible can you attach a screenshot of the problem?

Should not be any issues....

One of the problems in the code is that the max drawdown cut off is out by a decimal place, so if you set it to 0.01 it will cut out at 10% instead of 1% etc.

I'll fix it up and post later but just FYI.

Still testing.... sigh...

Here's what I'm doing if anyone wants to join in on the fun...

I'm testing to find a pair that doesn't blow up more than 5%, which starts at the same time each day and goes for 0.1% profit for the day and then bails and waits for the start time the next day.

My plan is to find 5 pairs that fit this, and then to target 0.5% profit for the day. Once this target is reached bail on all pairs and all pairs start up again the next day at their starting times.

My theory is to spread the risk across the pairs.

Maybe this thread should be moved from platform tech to something more appropriate like "bored traders fiddling with codes waiting for their other EAs to trade..."

Thanks for your work McDo. What sets are working best for you?

Is BK still around?

Hello.. Are you there??

I hope he is ok and back soon

BK,


Thanks for posting your EA. I have been running it for about a week. I know I can limit the losses by setting a percentage of the account. Is there any way to stop the EA from re-entering trades after a stop loss? That would allow me to play a little larger without the concern of re-entering a strong trend over and over.

Thank you for your kind consideration.


William

Im trying to backtest it in MT4
but for some reason it doesn't work,
the tester never starts