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Profitable Grid Break-out Trading System(PGBTS)

  • #121
  • Jan 2, 2013 1:38pm Jan 2, 2013 1:38pm
Quoting kjaved
When you place your next grid, do you delete previous pending stop orders?

Can you explain your 5th point with some detail example?
Good-day kjaved,
Kindly find below the explanation of the 5th point.

Trading on Grid 10pips:

Buystop SL-30pips:TP-10pips @ 1.2960

Buystop SL-30pips:TP-10pips @ 1.2950

Buystop SL-30pips:TP-10pips @ 1.2940

Buystop SL-30pips:TP-10pips @ 1.2930

Buystop SL-30pips:TP-10pips @ 1.2920

Assumming Price is within 1.2900 and 1.2920

Sellstop SL-30pips:TP-10pips @ 1.2900

Sellstop SL-30pips:TP-10pips @ 1.2890

Sellstop SL-30pips:TP-10pips @ 1.2880

Sellstop SL-30pips:TP-10pips @ 1.2870

Sellstop SL-30pips:TP-10pips @ 1.2860

Hope the above is explanatory enough.

Happy Trading.
  • #122
  • Jan 3, 2013 10:07am Jan 3, 2013 10:07am
Dear dare123...

i have made script for yours strategy....

just use running price as reference input...

for example... if running price 1.3102 then input the price in script in 1.3100....

if running price in 1.3107 then input the price in script in 1.3110....
Attached Image (click to enlarge)
Click to Enlarge Name: PGBTS.jpg Size: 126 KB
Attached File(s)
File Type: mq4 02 BreakGrid.mq4   10 KB | 2,508 downloads
  • #123
  • Jan 4, 2013 4:41am Jan 4, 2013 4:41am
Quoting dare123
Good-day kjaved,
Kindly find below the explanation of the 5th point.

Trading on Grid 10pips:

Buystop SL-30pips:TP-10pips @ 1.2960

Buystop SL-30pips:TP-10pips @ 1.2950

Buystop SL-30pips:TP-10pips @ 1.2940

Buystop SL-30pips:TP-10pips @ 1.2930

Buystop SL-30pips:TP-10pips @ 1.2920

Assumming Price is within 1.2900 and 1.2920

Sellstop SL-30pips:TP-10pips @ 1.2900

Sellstop SL-30pips:TP-10pips @ 1.2890

Sellstop SL-30pips:TP-10pips @ 1.2880

Sellstop SL-30pips:TP-10pips @ 1.2870

Sellstop SL-30pips:TP-10pips @ 1.2860

Hope the above is explanatory...
Thanks Dare for the reply...

I think should be 10 Pip SL and 30 Pip TP

Actually I wanted to ask if 1 or more trades are open then how will you place your next Grid at 13GMT? What about pending stops?
My Pips Stolen By The Broker
  • #124
  • Jan 15, 2013 2:33am Jan 15, 2013 2:33am
Quoting kjaved
Thanks Dare for the reply...

I think should be 10 Pip SL and 30 Pip TP

Actually I wanted to ask if 1 or more trades are open then how will you place your next Grid at 13GMT? What about pending stops?
So the risk to reward ratio is 3:1 or 1:3 now? i am kinda confused cause if the risk to reward ratio is 1:3 as dare123 stated on the first post.

Thanks for the strategy anyway!
  • #125
  • Feb 4, 2013 11:33pm Feb 4, 2013 11:33pm
if any1 would have applied this strategy since monday open, he would haf collected profit all da way until now n still not end..
  • #126
  • Feb 6, 2013 1:51am Feb 6, 2013 1:51am
Quoting alimbudianto
Dear dare123...

i have made script for yours strategy....

just use running price as reference input...

for example... if running price 1.3102 then input the price in script in 1.3100....

if running price in 1.3107 then input the price in script in 1.3110....

Good-day alimbudianto,
Are you still using the script?
  • #127
  • Feb 6, 2013 6:08am Feb 6, 2013 6:08am
Quoting dare123
Good-day alimbudianto,
Are you still using the script?
Hi dare123,

How is the strategy performaning so far?

Really can get 10% per week?
  • #128
  • Edited 10:49am Feb 6, 2013 9:20am | Edited 10:49am
Quoting sunhoyu
Hi dare123,

How is the strategy performaning so far?

Really can get 10% per week?
Yes, and you can even make up to 20%. It all depends on the market movement. It is the same with every other strategy and you need to know the pros and the cons.
  • #129
  • Feb 19, 2013 1:46am Feb 19, 2013 1:46am
Quoting kjaved
Thanks Dare for the reply...

I think should be 10 Pip SL and 30 Pip TP

Actually I wanted to ask if 1 or more trades are open then how will you place your next Grid at 13GMT? What about pending stops?
Hi, the script is not working on my mt4 build 451 and it is 5 digit. Please help.
  • #130
  • Feb 19, 2013 1:51am Feb 19, 2013 1:51am
Hi Alimbudianto,

the script is not working on my mt4 build 451 and it is 5 digit. Please help.
  • #131
  • Feb 21, 2013 4:56am Feb 21, 2013 4:56am
Quoting 1sandeepgupt
Hi Alimbudianto,

the script is not working on my mt4 build 451 and it is 5 digit. Please help.
Dear All,
Please, can somone in the house help us with the MT4 Script for Grid trading with variables below:
1. BUY STOP: VARIBLES: GRID VALUE, TP AND SL
2. BUY LIMIT: VARIBLES: GRID VALUE, TP AND SL
3. SELL STOP: VARIBLES: GRID VALUE, TP AND SL
4. SELL LIMIT: VARIBLES: GRID VALUE, TP AND SL
  • #132
  • Feb 26, 2013 12:04am Feb 26, 2013 12:04am
this is my 3rd week in testing this system. i'm up abt 25% thus far i place my order once per week with 50pips gap. i'm waiting to see what happen when market is trending.
  • #133
  • Feb 26, 2013 12:47am Feb 26, 2013 12:47am
Quoting Holypendant
this is my 3rd week in testing this system. i'm up abt 25% thus far i place my order once per week with 50pips gap. i'm waiting to see what happen when market is trending.
Thanks for the update -- please keep us posted with all observations and performance you experience. Are you using an EA? or trading manually?
  • #134
  • Feb 26, 2013 4:10am Feb 26, 2013 4:10am
Quoting Walad100100
Thanks for the update -- please keep us posted with all observations and performance you experience. Are you using an EA? or trading manually?
Dear All,
Please, can somone in the house help us with the MT4 Script for Grid trading with variables below:
1. BUY STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
2. BUY LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
3. SELL STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
4. SELL LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL


Please let someone help us.
  • #135
  • Feb 26, 2013 4:47am Feb 26, 2013 4:47am
Quoting dare123
Dear All,
Please, can somone in the house help us with the MT4 Script for Grid trading with variables below:
1. BUY STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
2. BUY LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
3. SELL STOP: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL
4. SELL LIMIT: VARIBLES: GRID VALUE,NO OF GRID STEPS, TP AND SL


Please let someone help us.
I have the new code EA since last time you changed your system, i did PM you but you didn't reply me. Not sure if you didn't receive my PM, forgot to reply me or didn't need it at the time.
  • #136
  • Feb 26, 2013 4:54am Feb 26, 2013 4:54am
Quoting ~bull.bear~
I have the new code EA since last time you changed your system, i did PM you but you didn't reply me. Not sure if you didn't receive my PM, forgot to reply me or didn't need it at the time.
Sorry ~bull.bear~, I didn't see the PM. Maybe you can resend please.
  • #137
  • Feb 26, 2013 5:29am Feb 26, 2013 5:29am
Quoting ~bull.bear~
Not sure if there is an error. Let me know again.
Thanks alot ~bull.bear~,
I suggest an EA and a Script will be OK,
I will sugget we remove the use of Trading period and look at only the following flexible variables:
Make it more simple.
For EA
1) Grid Size : flexible to any value eg. 10pips, 20pips etc.
2) Range Grid size or no of grid steps: No of trades to be placed on the grid size-flexible
3) Position Size : x% of the account balance in Lot Size-flexible
4) Take Profit : flexible
5) Stop Loss : flexible
6) Place additional buystop or sellstop outside the range of the current trade to equal the number of trades of range grid size.


For Script:

1. Flexible varible for buy: Buystops and Buylimits.
2. Flexible variable for sell: Sellstops and Selllimits.
1) Grid Size : flexible to any value eg. 10pips, 20pips etc.
2) Range Grid size or no of trades: No of trades to be placed on the grid size-flexible
3) Position Size : x% of the account balance in Lot Size- flexible
4) Take Profit : flexible
5) Stop Loss : flexible


If there is any addition we can add to it.

Thanks alot.
  • #138
  • Feb 26, 2013 7:02am Feb 26, 2013 7:02am
Here's an EA found on another site that allows grid size, take profit & stop loss. It opens a buy & sell order at the same time. This is a little different than what you proposed.
Attached File(s)
File Type: mq4 ALLlevels.mq4   7 KB | 2,157 downloads
  • #139
  • Feb 26, 2013 9:47am Feb 26, 2013 9:47am
Quoting dare123
Thanks alot ~bull.bear~,
I suggest an EA and a Script will be OK,
I will sugget we remove the use of Trading period and look at only the following flexible variables:
Make it more simple.
For EA
1) Grid Size : flexible to any value eg. 10pips, 20pips etc.
2) Range Grid size or no of grid steps: No of trades to be placed on the grid size-flexible
3) Position Size : x% of the account balance in Lot Size-flexible
4) Take Profit : flexible
5) Stop Loss : flexible
6) Place additional buystop or sellstop outside the range of the current...
I think EA and script should be the same function. So there is no necessary to code script.

And could you please explain on the number 6?
Thanks.
  • #140
  • Feb 26, 2013 11:08am Feb 26, 2013 11:08am
Quoting ~bull.bear~
I think EA and script should be the same function. So there is no necessary to code script.

And could you please explain on the number 6?
Thanks.
I think there is a need for a scipt because it can assist to diversify our method of trading.

No 6 replacement of trades: Let me try and explain.
For example: if i am trading on a grid of 10pips, TP=30pips and SL=10pips with 20 buystops and 20 sellstops on every grid 10pips. The range of every trade is 40pip.

so lets assume the market is falling, after every 10pips fall additional sellstop is added after the last sellstop, and a buystop is added behind with a corresponding buy trade at the top deleted. This makes our number of pending orders equals 40- the number of current trades at every time T.


Hope it is Clear or I give further explanation.
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