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Profitable Grid Break-out Trading System(PGBTS)

  • #101
  • Nov 7, 2012 12:34pm Nov 7, 2012 12:34pm
Quoting Angel65
YES, you're right !!
Alright!
  • #102
  • Nov 7, 2012 10:18pm Nov 7, 2012 10:18pm
Quoting Angel65
YES, you're right !!

My best to you.

Merci,

Good-morning all,
Great Thanks to Angel65 and ~bull.bear~ for your contribution. I have been trading this system in the last 6weeks Profitably and I have noticed some weaknesses.
1. Your Brokers spread:
For Take Profit = TP-Spread= New Take Profit: To avoid opening of two orders in the same direction.
For Stop Loss = 2 Times New Take Profit -Spread : So that we will have risk to reward ratio 2:1.
2. This is a question: Can we make the grid EA to work with EMA 10.


Thanks for your contributions.

Happy Trading.
  • #103
  • Nov 8, 2012 1:29am Nov 8, 2012 1:29am
Hello dare123, bull.bear and all too,

Regarding dare123's questions :


For Take Profit = TP-Spread= New Take Profit: To avoid opening of two orders in the same direction.
For Stop Loss = 2 Times New Take Profit -Spread : So that we will have risk to reward ratio 2:1

The spread cost should be include in the EA's code for the TP and the SL, I mean that you have to add the spread cost (in pips). For example, 3 pips spread on the EURUSD with a 20 pips TP and 40 pips SL, you have to add on the TP/SL the spread cost or TP=23 and SL=43

Is that okay for you guys ?


This is a question: Can we make the grid EA to work with EMA 10.

BECAREFUL on adding too much rules ........ EMAs are lagging indicator........IMHO I prefer trading with the VOLATILY on my side, without slippages in price = NO profit !!


Merci de votre attention,

Happy and fun trading all,

  • #104
  • Nov 8, 2012 4:24am Nov 8, 2012 4:24am
Quoting Angel65
Hello dare123, bull.bear and all too,

Regarding dare123's questions :


For Take Profit = TP-Spread= New Take Profit: To avoid opening of two orders in the same direction.
For Stop Loss = 2 Times New Take Profit -Spread : So that we will have risk to reward ratio 2:1

The spread cost should be include in the EA's code for the TP and the SL, I mean that you have to add the spread cost (in pips). For example, 3 pips spread on the EURUSD with a 20 pips TP and 40 pips SL, you have to add on the TP/SL the spread cost or TP=23 and...

Angel65,
For No 1.
For example if your broker spread for EUR/USD is 2pips

Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips- Market Price at [email protected]:[email protected] =TP-Spread= New Take Profit: If TP is not at the SELL price before the trade close in profit, the order Buy Stop @1.3040 ; SL 40pips, TP 20pips will be opened.To avoid that our TP as to be TP-Spread = 18pips and @ 1.3038.
and since our SL is times 2 of TP, our SL=36pips.

Current market price: 1.3000 (grid 20pips for example) 1.3038

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

For 2, you are right no need to use indicator since trades open at market opening time.
  • #105
  • Nov 8, 2012 5:06am Nov 8, 2012 5:06am
Quoting dare123
Angel65,
For No 1.
For example if your broker spread for EUR/USD is 2pips

Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips- Market Price at [email protected]:[email protected] =TP-Spread= New Take Profit: If TP is not at the SELL price before the trade close in profit, the order Buy Stop @1.3040 ; SL 40pips, TP 20pips will be opened.To avoid that our TP as to be TP-Spread = 18pips and @ 1.3038.
and since our SL is times 2 of TP, our SL=36pips.

Current market price:...

Bonjour dare123,

I agree with you with a SL 2 times the TP

As I prefer to add the spread because we pay it, so 20 pips TP + spread with a SL 40 pips + spread. I mean with a 2 pips spread, 22 pips TP with a 42 pips SL.

Merci de ton attention,

Happy and fun trading all,

  • #106
  • Nov 8, 2012 6:37am Nov 8, 2012 6:37am
Angel65 & dare123:

Let me explain about the coding.
Spread is 2 pips. Current quote bid is 1.2998 and ask is 1.3000. We are long position at price 1.3000 with TP and SL 40 pips.
EA is allowed to close the position either triggered SL or TP based on Bid price, not ask price. Therefore, your buying position has been included spread 2 pips. That means when price hit TP, the market quote price is bid 1.3040 and ask 1.3042. Hope this clear.

And for MA. It is not necessary because Angel65 mentioned the rules (None of sell stop orders would be opened if price shoot up and U-Turn back). If we have the rules of capturing ranging and trending patterns, then we should apply MA to filter the overall trend (Uptrend or downtrend). Unfortunately, we are trading during london and new york sessions.

Another ideas from me, the grid size might be determined by the breakout support and resistance price. Example: GMT 0600 to 0800, the range between high and low will be the grid size and initial grid price will be near to breakout point. So this is just the combination of session breakout + grid system.
  • #107
  • Nov 8, 2012 7:30am Nov 8, 2012 7:30am
Bonjour bull.bear,

1) Yes, we BUY the ASK and SELL the BID !

2) OK for NOT using MA or others LAGGING indicators : keep it simple !!

3) GOOD idea to add an additional GRID size variable called BreakOutSupportResistance based on hourly bracket from GMT0600am to 0800am for example.

This is below the rules updated :


------------------------------------ --------------
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) Grid Size BOSR session : HIGH/LOW of the time session in pips
6) 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
7) Position Size : x% of the account balance in lot
8) Take Profit : in pips
9) Stop Loss : in pips
10) Close ALL PENDING orders when the LONDON session is over or 16:00pm GMT time
11) Close ALL PENDING orders when the NY session is over or 22:00pm GMT time
12) Close ALL OPEN trades when the LONDON session is over or 16:00 GMT time
13) Close ALL OPEN trades when the NY session is over or 22:00pm GMT time
14) Close ALL OPEN and PENDING orders if Profits are for example +5% for the day
15) Close ALL OPEN and PENDING orders if losses are for example +5% for the day
------------------------------------ ------------------------------------ ------------------- -------


Happy trading all,

Merci

  • #108
  • Nov 8, 2012 7:34am Nov 8, 2012 7:34am
Having said that, you can use ALONE the Grid system or combine the Grid system with the BOSR session (true/false settings)
  • #109
  • Nov 11, 2012 11:21pm Nov 11, 2012 11:21pm
Good-morning all,
We didnt make much last week.

NoV EU
5th= -1
6th= 2
7th= 4
8th= -4
9th= -1
Total= 0

NoV GJ
5th=2
6th= -1
7th=-2
8th=-5
9th= 0
Total= -6

We hope this week will be great.

Happy Trading.
  • #110
  • Edited Nov 14, 2012 12:37am Nov 13, 2012 11:21pm | Edited Nov 14, 2012 12:37am
Angel65 & dare123:

My thread is re-opened. The discussed grid system is done. Please refer to version G101 EA.

Thanks.

Add my thread link:
http://www.forexfactory.com/showthre...34#post6162434
  • #111
  • Nov 14, 2012 1:30am Nov 14, 2012 1:30am
Hello bull.bear,

Congratulation, you did a fantastic job

It's VERY kind of you for having shared with us.

Happy and fun trading all,

  • #112
  • Nov 14, 2012 10:07pm Nov 14, 2012 10:07pm
This is Great. Big Thanks to ~bull.bear~. Thanks a Billion for Coming up with the EA.
You did Tremendously Great.Thanks once more.



Happy Trading.
  • #113
  • Dec 29, 2012 12:31am Dec 29, 2012 12:31am
Good-day Great Friends,

Compliments of the season!!!
I have been on vacation and trading to improve this strategy which has yielded great result.

With the new innovation on the strategy you are not afraid of losses and you will always be in control of the market with high profitability.

Please, contributions and trading results are welcomed.


Happy Trading.
  • #114
  • Dec 29, 2012 10:43am Dec 29, 2012 10:43am
Did you already share with us the new changes? If you haven't, the below post is worthless.

Quoting dare123
Good-day Great Friends,

Compliments of the season!!!
I have been on vacation and trading to improve this strategy which has yielded great result.

With the new innovation on the strategy you are not afraid of losses and you will always be in control of the market with high profitability.

Please, contributions and trading results are welcomed.


Happy Trading.
  • #115
  • Dec 30, 2012 11:05am Dec 30, 2012 11:05am
Quoting Dreamliner
Did you already share with us the new changes? If you haven't, the below post is worthless.
I think it is better you go through the strategy and make a constructive statement.
  • #116
  • Dec 30, 2012 11:08am Dec 30, 2012 11:08am
That's what I was asking for; where is the new strategy?

Quoting dare123
I think it is better you go through the strategy and make a constructive statement.
  • #117
  • Dec 30, 2012 11:27am Dec 30, 2012 11:27am
Quoting Dreamliner
That's what I was asking for; where is the new strategy?
Read the first post.
  • #118
  • Jan 1, 2013 3:17am Jan 1, 2013 3:17am
When you place your next grid, do you delete previous pending stop orders?

Can you explain your 5th point with some detail example?
My Pips Stolen By The Broker
  • #119
  • Jan 1, 2013 4:43am Jan 1, 2013 4:43am
hi dare123 and bull.bear,

subscribed, I will test and report results shortly.

To clarify, is G101 EA based on the dare123 strategy AFTER dare's return from vacation? Just trying to plot the right order from the posts.

Thanks,
g.
  • #120
  • Edited 3:54pm Jan 1, 2013 3:41pm | Edited 3:54pm
dare 123: Welcome back dare123, hope you enjoy the holiday. What is the status now? Any different for the system now and the pass? More green pips?

gman007: Hi! I think dare123 will answer your question.

Happy new green pips year!
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