Profitable Grid Break-out Trading System(PGBTS) | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Flexy Grid EA (Grid Trading) 1,363 replies

Grid - New indicator that replaces chart grid 60 replies

Grid (not grid system) or horizontal lines indicator 6 replies

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

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

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

Profitable Grid Break-out Trading System(PGBTS)

  • #61
  • Oct 30, 2012 9:28am Oct 30, 2012 9:28am
Quoting Angel65
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,

I applied it on EUR/USD.

Thanks
  • #62
  • Oct 30, 2012 9:50am Oct 30, 2012 9:50am
I am coding Grid EA, similar to this thread and encounter some problem right now. Could someone help to look into this?

The link is http://www.forexfactory.com/showthre...60#post6145360
  • #63
  • Oct 30, 2012 12:07pm Oct 30, 2012 12:07pm
hello dare123 and bull.bear,

Because we need some help, I open a new thread called PROFITABLE GRID BREAK-OUT TRADING SYSTEM FROM dare123 at :

http://www.stevehopwoodforex.com/php...p=27453#p27453


Feel free to check it.................


Thanks,



  • #64
  • Oct 30, 2012 12:13pm Oct 30, 2012 12:13pm
Hello again,

This below the GRID BREAK-OUT TRADING SYSTEM rules with minor modifications :


------------------------------------ --------------
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) Currency pairs traded : EURUSD, GBPUSD for example
3) Grid Size : 20 pips
4) Range Grid size : for example with a 20 pips Grid Size, 200 pips would mean 10 BUY STOP pending trades > to the current market price and 10 SEEL STOP pending orders < to the current market price
5) Position Size : x% of the account balance
6) Take Profit : in pips
7) Stop Loss : in pips
8) Close ALL PENDING orders when the LONDON session AND NY session is over
9) Close ALL OPEN trades when the LONDON session AND NY session is over
10) Close ALL OPEN and PENDING orders if Profits are for example +5% for the day
11) Close ALL OPEN and PENDING orders if losses are for example +5% for the day
------------------------------------ ------------------------------------ ------------------- -------


Anything more to add ?

Thanks for your attention,

Happy trading all,

  • #65
  • Oct 30, 2012 1:24pm Oct 30, 2012 1:24pm
Quoting ~bull.bear~
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.
bull bear can you elaborate more on what you have found to work as far as time qualifying breakouts. I have code to automate breakout trading but am still trying to figure out the time element. Other than waiting for a close I don't have much. I think there should be a way to determine if a break is stalled and get out or trail the stop only in that case. Also if it moves too quickly against you I think it is better to get out earlier than the normal stop. These are things I do manually in trading but seem subjective to define.

As for you last post requesting help. I have spent a lot of time working on breakouts with pending orders and have decided that it is not worth the hassle to make it bug free. I now use a system of indicators and market orders that works awesome and has great flexibility. It is also FIFO and non hedging compliant which is important to me.
  • #66
  • Edited 2:00pm Oct 30, 2012 1:34pm | Edited 2:00pm
Quoting Angel65
Hello again,

This below the GRID BREAK-OUT TRADING SYSTEM rules with minor modifications :


------------------------------------ --------------
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)...

Thank you Angel65,
I suggest the Currency Pair,Grid size, TP ,SL , %risk should be flexible variables that on can easily change.

Also,
1. Opening of trades preferable beginning of the day,week,month we can also add LONDON session AND NY session. It should be flexible variable that on can easily change.
2. Closing PENDING orders preferable end of the day,week,month we can also add LONDON session AND NY session. It should be flexible variable that on can easily change.
3. OPEN trades should not be closed.Trades should be set on the next grid 20pips(or Grid size) outside the range of the entry and current price of the current trade.


Also,
Kindly explain:
8) Close ALL PENDING orders when the LONDON session AND NY session is over
9) Close ALL OPEN trades when the LONDON session AND NY session is over

It is not clear to me?


Thanks for your concern.
  • #67
  • Oct 30, 2012 2:47pm Oct 30, 2012 2:47pm
hello dare123,


I suggest the Currency Pair,Grid size, TP ,SL , %risk should be flexible variables that on can easily change.
............I agree with you

1. Opening of trades preferable beginning of the day,week,month we can also add LONDON session AND NY session. It should be flexible variable that on can easily change.
...........OK for that


2. Closing PENDING orders preferable end of the day,week,month we can also add LONDON session AND NY session. It should be flexible variable that on can easily change.
.............Why not


3. OPEN trades should not be closed.Trades should be set on the next grid 20pips(or Grid size) outside the range of the entry and current price of the current trade.
.............If you want


You Close ALL PENDING orders when the LONDON session AND NY session is over and Close ALL OPEN trades when the LONDON session AND NY session is over
Even if the Forex market is open 24/24 a day, the volatility is much more stronger during the day than the night.
London session from 8am to 5pm and the NY session from 5pm to 12pm GMT time.
As the best sessions are LONDON and NY, so if you want to trade LONDON and NY you open your orders at 8am and close ALL or just the pending orders at 12 pm GMT time.


But becarefull to keep rules as simple as possible !!

Thanks for your attention,

Happy trading all,

  • #68
  • Oct 31, 2012 1:04am Oct 31, 2012 1:04am
Good-morning all,
We made a net of 1% yesterday.


Happy Trading.
  • #69
  • Oct 31, 2012 1:38am Oct 31, 2012 1:38am
Quoting Paradox
bull bear can you elaborate more on what you have found to work as far as time qualifying breakouts. ................
Well, i have several Grid EA actually, some are time based and some are different conditions. The purpose is to backtest these EA during uptrend and downtrend moment in order to look for the pros and cons. I need a precise EA that could able to work all the scenarios.

By the way, as now i couldn't post the time based EA format here due to i am in overseas. Will post here soon. However, i might add the time variable in and out for new version since current time based EA is only fixed (4H,daily and weekly from GMT 0000, adjusted your broker time)


Quoting Paradox
As for you last post requesting help. I have spent a lot of time working on breakouts with pending orders and have decided that it is not worth the hassle to make it bug free...........
Can you explain more on this? May i know if this problem couldn't be solved or EA is not worth to making money ?
  • #70
  • Oct 31, 2012 10:47am Oct 31, 2012 10:47am
Quoting ~bull.bear~
Well, i have several Grid EA actually, some are time based and some are different conditions. The purpose is to backtest these EA during uptrend and downtrend moment in order to look for the pros and cons. I need a precise EA that could able to work all the scenarios.

By the way, as now i couldn't post the time based EA format here due to i am in overseas. Will post here soon. However, i might add the time variable in and out for new version since current time based EA is only fixed (4H,daily and weekly from GMT 0000, adjusted your broker time)...
Any coding problem can be solved. I did solve it to an extent and it is a useful discretionary ea but it does not have the flexibility that I would like and was already complex. I am trading box breakouts and re entering on new break outs. For pending orders you need to keep track of the old ones and maybe close them or make new ones. You can't enter opposite without making an illegal hedge unless you make sure old orders are stopped out. And on an on the issues you hit when you start wanting to layer complex rules onto the system. Or really just layer simple rules on the system that becomes complex.

I also had issues with if I need to restart MT4 then where does the whole thing start up. All these things need to be accounted for.
  • #71
  • Nov 1, 2012 2:07am Nov 1, 2012 2:07am
Good-day all,
Yesterday, we had a netloss of 2%.

The Total Profit for the month of October is 14% Profit.

Another Good Pair to trade is GBP/JPY. With Grid 25pips, TP- 25pips and SL 50pip.



Happy Trading.
  • #72
  • Nov 1, 2012 5:16am Nov 1, 2012 5:16am
2% this morning.

I have added GBP/JPY

Happy Trading.
  • #73
  • Nov 2, 2012 2:35am Nov 2, 2012 2:35am
Good-morning all,
We made a net-loss of -3% yesterday on EUR/USD and a netprofit of 1% on GBP/JPY.


Happy Trading.
  • #74
  • Nov 3, 2012 9:34am Nov 3, 2012 9:34am
This is what i call mathemetically sure grid trading: www .youtube.com/watch?feature=player_embedded&v=jAgZ-NTM1a8
  • #75
  • Nov 3, 2012 10:10am Nov 3, 2012 10:10am
Why do you post a Youtube video without checking the link first?

Quoting Rejep
This is what i call mathemetically sure grid trading: www .youtube.com/watch?feature=player_embedded&v=jAgZ-NTM1a8
  • #76
  • Nov 3, 2012 11:15am Nov 3, 2012 11:15am
Quoting Dreamliner
Why do you post a Youtube video without checking the link first?
Guess I was curious enough to figure it out.

Inserted Video
  • #77
  • Nov 3, 2012 11:20am Nov 3, 2012 11:20am
Good job Paradox. Can you post the link to the video on Youtube itself? This doesn't seem to have sound here.

Quoting Paradox
Guess I was curious enough to figure it out.

http://www.youtube.com/watch?feature...&v=jAgZ-NTM1a8
  • #78
  • Nov 3, 2012 11:24am Nov 3, 2012 11:24am
Quoting Dreamliner
Good job Paradox. Can you post the link to the video on Youtube itself? This doesn't seem to have sound here.
Looks like you got it in your requote but basically just remove the spaces. I don't think there is sound.

This is mean reverting grid trading. I don't like that so much but the thing does rack up some money in the video.
  • #79
  • Nov 3, 2012 11:28am Nov 3, 2012 11:28am
Yes I watched it now; it is an unprofitable system in the long run. When the market is ranging the inventor of the EA looks like a genius, when trends come it wipes out your account.

Quoting Paradox
Looks like you got it in your requote but basically just remove the spaces. I don't think there is sound.

This is mean reverting grid trading. I don't like that so much but the thing does rack up some money in the video.
  • #80
  • Nov 3, 2012 3:40pm Nov 3, 2012 3:40pm
i think trading grid is good but i do advise trading grid should be after or before fundamental news like interest rate, GDP, Unemployment rate.. you can make a good money per month using grid with fundamental news..
0 traders viewing now