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Profitable Grid Break-out Trading System(PGBTS)

  • #81
  • Edited Nov 5, 2012 10:32pm Nov 4, 2012 11:19pm | Edited Nov 5, 2012 10:32pm
Good-morning all,
Friday was a good day EUR/USD returned 6%. GBP/JPY returned -1%.

EUR/USD made a net of 2% last week.


Happy Trading.
  • #82
  • Nov 4, 2012 11:22pm Nov 4, 2012 11:22pm
Quoting Dreamliner
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.
The ea in question is not a representative of the strategy, because it is without stoploss.
  • #83
  • Nov 4, 2012 11:52pm Nov 4, 2012 11:52pm
Quoting Percival
If the market could be beat with a simple bracket system somebody else would have already done it a long time ago. Sorry - Lou
Exactly.
  • #84
  • Edited Nov 5, 2012 12:11am Nov 4, 2012 11:57pm | Edited Nov 5, 2012 12:11am
Quoting broketrader
Hi dare123,

As long as you have a negative Risk/Reward ratio, you are headed to failure.
Not true. All you need is an edge that puts all your trades in a position to net profit more than net loss with regards to your ratio, no matter what the actual ratio.
  • #85
  • Nov 5, 2012 1:43am Nov 5, 2012 1:43am
Please refer to my thread as the link below

NOTED: Version G100 is similar to this thread system.

http://www.forexfactory.com/showthre...34#post6162434
  • #86
  • Nov 5, 2012 10:36pm Nov 5, 2012 10:36pm
Good-morning all,
Yesterday- EUR/USD = -1%; GBP/JPY= 2%


Thanks

Happy Trading.
  • #87
  • Nov 5, 2012 10:42pm Nov 5, 2012 10:42pm
Wipes accountON Long run
  • #88
  • Nov 6, 2012 4:03am Nov 6, 2012 4:03am
Quoting johnny122
Wipes accountON Long run
What are the basis for your comment?
  • #89
  • Nov 6, 2012 5:06am Nov 6, 2012 5:06am
Quoting 2+2=4ex
Not true. All you need is an edge that puts all your trades in a position to net profit more than net loss with regards to your ratio, no matter what the actual ratio.
You are right but with a negative RR ratio a small count of losses will wipe out a larger count of wins so for the long run, allow me to have some doubts.

And anyway, what's the edge ?
Simplicity is the Ultimate Sophistication.
  • #90
  • Nov 6, 2012 6:25am Nov 6, 2012 6:25am
Quoting broketrader
You are right but with a negative RR ratio a small count of losses will wipe out a larger count of wins so for the long run, allow me to have some doubts.

And anyway, what's the edge ?
Have you thought of opening a trade manager, which will show a graph of all trades at the top of this thread?
  • #91
  • Nov 6, 2012 8:21am Nov 6, 2012 8:21am
Quoting broketrader
You are right but with a negative RR ratio a small count of losses will wipe out a larger count of wins so for the long run, allow me to have some doubts.

And anyway, what's the edge ?

Maybe I need to know the reason why the system is yet to fail in the last 6weeks.
  • #92
  • Nov 6, 2012 8:22am Nov 6, 2012 8:22am
I have always been on the positive position every week.
  • #93
  • Nov 6, 2012 11:44am Nov 6, 2012 11:44am
Quoting dare123
I have always been on the positive position every week.
Nice!


For the EA Version G100, did you take a look and have a test? Is the EA doing the same buy sell orders as your?

If you have noticed my thread, i am trying to fix the weakness part of EA (To kill all the blind spot) even now it produces profitable result. So could you post some screenshot if you have bad trading day? I would see if i could fix this to make your result better.
  • #94
  • Nov 7, 2012 4:21am Nov 7, 2012 4:21am
Hello bull.bear,

Thanks a lot for sharing with us all of your work : it's very kind of you !

But if I may , this is below the rules which are simpler to use and understand :


------------------------------------ --------------
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 open or 8:00am GMT time
2) Open pending orders at the NEW YORK open or 13:00pm GMT time
3) Currency pairs traded : EURUSD, GBPUSD for example or more pairs
4) Grid Size : 20 pips
5) Range Grid size : for example with a 20 pips Grid Size, 200 pips would mean 10 BUY STOP pending orders > to the current market price and 10 SELL STOP pending orders < to the current market price
6) Position Size : x% of the account balance
7) Take Profit : in pips
8) Stop Loss : in pips
9) Close ALL PENDING orders when the LONDON session is over or 16:00pm GMT time
10) Close ALL PENDING orders when the NY session is over or 22:00pm GMT time
11) Close ALL OPEN trades when the LONDON session is over or 16:00 GMT time
12) Close ALL OPEN trades when the NY session is over or 22:00pm GMT time
12) Close ALL OPEN and PENDING orders if Profits are for example +5% for the day
13) Close ALL OPEN and PENDING orders if losses are for example +5% for the day
------------------------------------ ------------------------------------ ------------------- -------


Thanks for your attention,

Happy trading all,

  • #95
  • Nov 7, 2012 5:25am Nov 7, 2012 5:25am
Good-day all,
Yesterday- EUR/USD = 2%; GBP/JPY= -1%


I am very happy because today is the sweet day for the week.

Thanks

Happy Trading.
  • #96
  • Nov 7, 2012 5:36am Nov 7, 2012 5:36am
Whaoooooooooo,
EUR/USD is good today 7% profit up.


Thanks

Happy Trading.
  • #97
  • Nov 7, 2012 7:51am Nov 7, 2012 7:51am
Quoting Angel65
1) Open pending orders at the LONDON open or 8:00am GMT time
2) Open pending orders at the NEW YORK open or 13:00pm GMT time
3) Currency pairs traded : EURUSD, GBPUSD for example or more pairs
4) Grid Size : 20 pips
5) Range Grid size : for example with a 20 pips Grid Size, 200 pips would mean 10 BUY STOP pending orders > to the current market price and 10 SELL STOP pending orders < to the current market price
6) Position Size : x% of the account balance
7) Take Profit : in pips
8) Stop Loss : in...

You are welcome! It is good that we all work together. This is the way to improve our trading result.

Em....need you to clarify for number 5. If the price shoot up higher and U-turn back. Will you open sell short position 20 pips grid size below current price (At the higher turning point)?

Thanks.
  • #98
  • Nov 7, 2012 10:17am Nov 7, 2012 10:17am
Hi bull.bear,

Very nice words, I appreciate that.

Regarding the number 5, and if I may :

The greed size settings depends on the current price ONLY at the OPEN session, or LONDON and NY session for example.

All for saying that we should avoid OVERLAPPING grid size because we don't know in advance where are TURNING points* exactly located !

Sorry for my poor English, so feel free to ask for more explanation.

Thanks for your attention, you are doing a fantastic job.

Happy trading all,





* excepted with the PREVIOUS daliy high/low as a main REVERSIBLE point
  • #99
  • Nov 7, 2012 12:04pm Nov 7, 2012 12:04pm
Quoting Angel65

The greed size settings depends on the current price ONLY at the OPEN session, or LONDON and NY session for example.

All for saying that we should avoid OVERLAPPING grid size because we don't know in advance where are TURNING points* exactly located !
Yes. Understand that the grid size is based on certain timing open price. For the OVERLAPPING, you claim that if price shoot up then reverse back down to somewhere near daily open price (During trading period condition), you won't open any sell stop orders (Sell stop order entry price = buy stop order entry price). Am i right?
  • #100
  • Nov 7, 2012 12:12pm Nov 7, 2012 12:12pm
Quote
you claim that if price shoot up then reverse back down to somewhere near daily open price (During trading period condition), you won't open any sell stop orders (Sell stop order entry price = buy stop order entry price). Am i right?


YES, you're right !!

My best to you.

Merci,

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