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Attachments: Profitable Grid Break-out Trading System(PGBTS)
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Profitable Grid Break-out Trading System(PGBTS)

  • #41
  • Oct 22, 2012 2:59am Oct 22, 2012 2:59am
Hi dare123,

Same as Percival. As long as you have a negative Risk/Reward ratio, you are headed to failure.

I think that you should review your money management.
Simplicity is the Ultimate Sophistication.
  • #42
  • Oct 23, 2012 3:20am Oct 23, 2012 3:20am
Good-day all,
Yesterday's result was -1%.


Thanks,
Happy Trading.
  • #43
  • Oct 23, 2012 10:40am Oct 23, 2012 10:40am
Hi dare123!

Could you update your result into post #1? It would be easy for follow up.

By the way, have you backtest this system?


Thanks!
  • #44
  • Oct 23, 2012 12:15pm Oct 23, 2012 12:15pm
Quoting ~bull.bear~
Hi dare123!

Could you update your result into post #1? It would be easy for follow up.

By the way, have you backtest this system?


Thanks!
How are you bull.bear, could you please do a manual backtest for 3yr or run the EA(If it conforms to the strategy) for 10yrs. I am currently not on MT4.

I will appreciate your prompt response.

Thanks.
  • #45
  • Oct 23, 2012 2:38pm Oct 23, 2012 2:38pm
Quoting dare123
How are you bull.bear, could you please do a manual backtest for 3yr or run the EA(If it conforms to the strategy) for 10yrs. I am currently not on MT4.

I will appreciate your prompt response.

Thanks.
Please describe the following in details.

5. I repeat the Process everyday.On days when the market is trending, I set new sets of trades after making 5%+profit or when the price has gone trending 100pips+.
6. If I make one loss and my profit does not cover the losses I wait for a brakeout to make profit that covers my losses.This means that I don't place any trade within the range of a loss trade, I wait for a brake-out for profitability.
  • #46
  • Oct 24, 2012 1:53am Oct 24, 2012 1:53am
Quoting ~bull.bear~
Please describe the following in details.

5. I repeat the Process everyday.On days when the market is trending, I set new sets of trades after making 5%+profit or when the price has gone trending 100pips+.
6. If I make one loss and my profit does not cover the losses I wait for a brakeout to make profit that covers my losses.This means that I don't place any trade within the range of a loss trade, I wait for a brake-out for profitability.
Good-morning all,
Thank you bull.bear.
No 5- This means that if by accident(I am a very busy person) I got to know that the market is trending for the day and I have made about 5%, I set new set of trades on the next grid 20pips outside the range of the entry and current price of the current trade.

No 6. Is Just a description of what happens on a ranging day.


Thanks alot I will appreciate your prompt response.

Happy Trading.
  • #47
  • Edited 2:42am Oct 24, 2012 2:06am | Edited 2:42am
Good-morning All,
Yesterday was a great day.
We made a wonderful 4%. This was great.


If in doubt demo it for 3months and lets see the outcome.

Thanks.

Happy Trading.
  • #48
  • Oct 24, 2012 2:50am Oct 24, 2012 2:50am
Dear All,
I Just confirmed with my eyes for 2yrs- Trading at grid 100pips with TakeProfit of 100pips and StopLoss of 200pip, using the daily chart as compass.

I discovered it was profitable althrough because all brake-outs were far greater than the ranges.

Can Someone Please Confirm This....

Happy Trading.
  • #49
  • Edited 3:29am Oct 24, 2012 3:00am | Edited 3:29am
Quoting broketrader
Hi dare123,

Same as Percival. As long as you have a negative Risk/Reward ratio, you are headed to failure.

I think that you should review your money management.
Good-day Percival and broketrader,
Thanks for your positive criticism, the truth I have discovered is that if you trade forex without deviation from book knowledge you can hardly succeed. You have to deviate from book knowledge and use sound money management.

I am glad to tell you that the system works in LongTerm and ShortTerm.


Happy Trading.
  • #50
  • Oct 24, 2012 3:39am Oct 24, 2012 3:39am
Quoting dare123
Good-morning All,
Yesterday was a great day.
We made a wonderful 4%. This was great.


If in doubt demo it for 3months and lets see the outcome.

Thanks.

Happy Trading.

Dare, in response to your wonderful 4% of yesterday and according to your old posts ...

Post #38:
Quote
Result for friday was bad.
I had a loss of 5%.

A total of -3% for the week.
Post #42:
Quote
Good-day all,
Yesterday's result was -1%.


Thanks,
Happy Trading.
If I take, for the sake of simplicity, a starting capital of 100$, here is what I obtain starting last week:

Post 38:
100 - 3% = 100 - 3 = 97

Post 42:
97 - 1% = 97 - 0.97 = 96.03

Post 47:
96.03 + 4% = 96.03 + 3.8412 = 99.87


With your gain of yesterday you are not even break-even to last week !

Now, you start again with less capital than last week, or am I missing something ?
Simplicity is the Ultimate Sophistication.
  • #51
  • Oct 24, 2012 4:48am Oct 24, 2012 4:48am
Quoting dare123
Good-day Percival and broketrader,
Thanks for your positive criticism, the truth I have discovered is that if you trade forex without deviation from book knowledge you can hardly succeed. You have to deviate from book knowledge and use sound money management.

I am glad to tell you that the system works in LongTerm and ShortTerm.


Happy Trading.
Can someone please post an ea that can make such grid and with template so it matches this strategy. I find it hard to set up this grid with the ea`s posted so far. Thank you very much
  • #52
  • Oct 24, 2012 5:02am Oct 24, 2012 5:02am
Quoting broketrader

With your gain of yesterday you are not even break-even to last week !

Now, you start again with less capital than last week, or am I missing something ?
Definitely not missing anything out.The account will be positive before weekend or early next week. If you back-test for last week you will discover that the actual profit is 6% and not -3%. I had -3% due to change in grid to 10pips along the way (I reported my actual position).
I am currently on grid 20 which I found more profitable.


Thanks,
Happy Trading.
  • #53
  • Oct 24, 2012 11:11am Oct 24, 2012 11:11am
Quote

Can someone please post an ea that can make such grid and with template so it matches this strategy. I find it hard to set up this grid with the ea`s posted so far. Thank you very much


Hello,


I agree with the quote above, this EA rules could be :


--------------------------------------------------
Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips


Current market price: 1.3000 (grid 20pips for example)


Sell Stop @1.2980 ; SL 40pips, TP 20pips
Sell Stop @1.2960 ; SL 40pips, TP 20pips
Sell Stop @1.2940 ; SL 40pips, TP 20pips



1) Open pending orders at the LONDON and NEW YORK open session GMT hours for example
2) Grid Size : 20 pips
3) Range Grid size : with a 20 pips Grid Size, 200 pips for example would mean 10 pending trades > to the current market price and 10 pending orders < to the current market price
4) Position Size : x% of the account balance in Lot Size
5) Take Profit : same as the Grid Size or plus/less
6) Stop Loss : double of the Grid Size or Plus/less
7) Close or NOT ALL the PREVIOUS daily pending order BEFORE entering NEW pending order at the LONDON and NEW YORK open session
8) Close or NOT ALL the PREVIOUS daily OPEN trades BEFORE entering NEW pending order at the LONDON and NEW YORK open session
9) Close ALL the OPEN and PENDING order if Profits are +5% for example for the day
10) Close ALL the OPEN and PENDING order if losses are +5% for example for the day
------------------------------------------------------------------------------------------- -------



Fell free to add ........


Thanks dare123 and all,


Angel

  • #54
  • Oct 24, 2012 12:06pm Oct 24, 2012 12:06pm
Quoting dare123
Good-morning all,
Thank you bull.bear.
No 5- This means that if by accident(I am a very busy person) I got to know that the market is trending for the day and I have made about 5%, I set new set of trades on the next grid 20pips outside the range of the entry and current price of the current trade.

No 6. Is Just a description of what happens on a range
Well, your grid system is similar to mine. But my system will readjust price grid after it hit certain price grid, so it is not fix grid. The purpose is to suit the prevailing ranging and trending.

And honestly it is hard to write the EA, because i am still writing about time issue (Part of EA). My intention is to have EA to restart this system after period of time.
  • #55
  • Oct 24, 2012 1:02pm Oct 24, 2012 1:02pm
Quoting Angel65

Hello,


I agree with the quote above, this EA rules could be :


--------------------------------------------------
Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips


Current market price: 1.3000 (grid 20pips for example)


Sell Stop @1.2980 ; SL 40pips, TP 20pips
Sell Stop @1.2960 ; SL 40pips, TP 20pips
Sell Stop @1.2940 ; SL 40pips, TP 20pips



1) Open pending orders at the LONDON and NEW YORK open session GMT hours for example
2) Grid Size : 20 pips
3) Range Grid size : with a 20 pips Grid Size, 200 pips for example would mean 10 pending trades > to the current market price and 10 pending orders < to the current market price
4) Position Size : x% of the account balance in Lot Size
5) Take Profit : same as the Grid Size or plus/less
6) Stop Loss : double of the Grid Size or Plus/less
7) Close or NOT ALL the PREVIOUS daily pending order BEFORE entering NEW pending order at the LONDON and NEW YORK open session
8) Close or NOT ALL the PREVIOUS daily OPEN trades BEFORE entering NEW pending order at the LONDON and NEW YORK open session
9) Close ALL the OPEN and PENDING order if Profits are +5% for example for the day
10) Close ALL the OPEN and PENDING order if losses are +5% for example for the day
------------------------------------------------------------------------------------------- -------



Fell free to add ........


Thanks dare123 and all,


Angel

Thank you Angel65,

1.For Point 7&8- The current trade will not be closed but trades are to be reset for grids without pending orders(Trades has to be reset for grids that has been traded and closed,i.e. pending orders that has been closed).
I buy the idea of resetting the pending orders at market open periods.I will suggest the pending orders are reset at LONDON, NEW YORK and TOKYO open session to fill all empty grid.

2.For Point 9&10- when profit reaches +5%, Pending orders that were closed(trades that were closed) will have new pending orders placed on their grid.That mean all empty grid will be filled.

3. I also suggest that the grid size,takeprofit, stoploss, risk % has to be flexible variables.

You can refer back to the system.

Thanks alot. More contributions and the EA is welcomed.
  • #56
  • Oct 29, 2012 2:11am Oct 29, 2012 2:11am
Good-morning all,
Find below our result for last week.

22/10/2012 = -1
23/10/2012 = 4
24/10/2012 =-3
25/10/2012 = 1
26/10/2012 = 0

Net of 1% last week.

Have a great week.

Happy Trading.
  • #57
  • Oct 30, 2012 1:52am Oct 30, 2012 1:52am
Good-day all,
Yesterday's profit was 1%.



Thanks happy trading.
  • #58
  • Oct 30, 2012 2:51am Oct 30, 2012 2:51am
Good-day all,
Anyone with the backtest result of this strategy for atleast 6months to 1yr.


Response Please.
  • #59
  • Oct 30, 2012 3:26am Oct 30, 2012 3:26am
I just concluded the 4months back-test:
July = 22%
August = 17%
September = 4%
October todate = 15%



Happy Trading
  • #60
  • Oct 30, 2012 8:27am Oct 30, 2012 8:27am
Hello dare123,

Nice manual back-test results......but it would be better to run some backtest through an EA IMO !

On which pairs do you apply your grid method ?

Thanks for your attention and dedication,

Happy trading all,

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