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Matrix Grid Trading Community Edition

  • #321
  • Jan 8, 2015 2:44pm Jan 8, 2015 2:44pm
New test started with default setting for 4 pairs (major) but start lot o 0.20 tp 7 ( i think we can close quicly trades best way for 1mintf) and max dd set to 500 (by script)

https://www.myfxbook.com/portfolio/m...top500/1120306
Regards
  • #322
  • Jan 8, 2015 3:20pm Jan 8, 2015 3:20pm
cescof
500 is the pips value or base currency?
Could You kindly share this script?
  • #323
  • Jan 8, 2015 3:38pm Jan 8, 2015 3:38pm
Quoting laksior
cescof 500 is the pips value or base currency? Could You kindly share this script?
Base currencyFor script or EA to close trades i use closeprofit EA that you find on FF with a searchi'm with mobile nowRegards
  • #324
  • Jan 8, 2015 6:49pm Jan 8, 2015 6:49pm
Quoting GoogleTrader
{quote} {quote} What's the value of your posts?
i'm asking to myself several time a day "what is my value"

The best response i get is : Nothing
  • #325
  • Jan 8, 2015 7:40pm Jan 8, 2015 7:40pm
Quoting FXyao
{quote} GoogleTrader; Yes, it does not need the template. The problem is in lots(invalid lots amount for FreeMarginCheck function). so after increased the lot size and now it is working, let see how it goes. Thank you for ur help. yao
GoogleTrader;

The grid EA generated over $500 in 16 Hrs so far(lot 1.0, step 5,5), but why can't use smaller lot size such as 0.05-0.4 on the demo account? It will not run until the size meet 0.5 or above. If 0.5 is the minimum, in real account that will be very high risk to me. Thx

yao
  • #326
  • Jan 8, 2015 7:56pm Jan 8, 2015 7:56pm
Quoting FXyao
{quote} GoogleTrader; The grid EA generated over $500 in 16 Hrs so far(lot 1.0, step 5,5), but why can't use smaller lot size such as 0.05-0.4 on the demo account? It will not run until the size meet 0.5 or above. If 0.5 is the minimum, in real account that will be very high risk to me. Thx yao

Maybe your broker. I'm running 0.01 on fxcm with multilotfactor 1.0 on some pairs without a problem. I'm also running a few on 2.0 multilotsfactor where a position that got a little carried away got up to 0.16 lot size without a problem. That one opened the lots in this order....0.01, 0.01, 0.02, 0.04, 0.08, 0.16. The trade worked out very favorably but the DD kinda sucked.
  • #327
  • Jan 8, 2015 7:58pm Jan 8, 2015 7:58pm
Quoting FXyao
{quote} GoogleTrader; The grid EA generated over $500 in 16 Hrs so far(lot 1.0, step 5,5), but why can't use smaller lot size such as 0.05-0.4 on the demo account? It will not run until the size meet 0.5 or above. If 0.5 is the minimum, in real account that will be very high risk to me. Thx yao
Check broker terms. I think broker/account type does not allow to use such lot size.
  • #328
  • Jan 8, 2015 9:45pm Jan 8, 2015 9:45pm
Quoting PBPTaker
To all those dreamers of getting rich quickly in this forum. 1000 pips in 20 days etc. It is easy to trade these days. Eur is weak, USD is strong. There may be weeks in the future where that market is not that clear. You may blow your grid / martingale accounts faster as you think. I feel that this should be said. For all the newbees. The risk management has to be done in a proper way specially for grid accounts, even more specially for martingale ones.
Words of wisdom right there.

Who knows how long will the trend last, but won't be forever that's for sure.
  • #329
  • Jan 8, 2015 11:13pm Jan 8, 2015 11:13pm
This is why I have to have an EA do this. I couldn't stand the temptation.

Attached Image (click to enlarge)
Click to Enlarge Name: So Close.png Size: 42 KB
A good man knows his limitations ~ Clint Eastwood
  • #330
  • Jan 9, 2015 1:51am Jan 9, 2015 1:51am
Quoting Erebus
{quote} Yes, but you are not very clear with your request ! Exactly where would this " 1 click " be accessed ?? And why is it needed? Manual intervention? The EA is meant to trade on it's own. What criteria is used to close all open trades? If it is account balance, yes that option could be programmed in there I'm sure, also there are EA for that now. PS: here I have this EA if you like, NO clicks, let it run, Hero or Zero - see picture, anyone? {image}
Exactly, manual intervention. In my little experience if you let go a martingale system without manual inervention, if necessary, you can say adieu to your account, sooner or later
When I have huge drawdown, or when I prefer to close all position before NFP, for instance, a "close all" button could be useful.
  • #331
  • Jan 9, 2015 2:23am Jan 9, 2015 2:23am
Quoting davegan
{quote} Exactly, manual intervention. In my little experience if you let go a martingale system without manual inervention, if necessary, you can say adieu to your account, sooner or later When I have huge drawdown, or when I prefer to close all position before NFP, for instance, a "close all" button could be useful.
Why do you need this? There is already a "close all" script for MT4, just drag it into the pair and that's it. Stop "Auto trading" and drag the "close all orders" script, and you're done.

Why the need to request the developer to spend unnecessary programming hours duplicating a feature that already exists in MT4, just so that you can save two clicks into one? That's kind of selfish of you.

Instead, requests should be focused on adding additional features, like perhaps, market trends in other pairs beyond the current 6. Me personally, I would like to see more of the internal works of the "current trend" and of the inner workings of the EX4, but that's up to the developer to facilitate the information... or not.
  • #332
  • Jan 9, 2015 2:29am Jan 9, 2015 2:29am
Quoting davegan
{quote} Exactly, manual intervention. In my little experience if you let go a martingale system without manual inervention, if necessary, you can say adieu to your account, sooner or later When I have huge drawdown, or when I prefer to close all position before NFP, for instance, a "close all" button could be useful.

One way is to trade till margin call. You know that grid systems blow accounts trend or not. So one way is to use this to advantage.
Us a high leverage (400:1) account and fund just enough to take no more than lets say 25 grid positions against trend before margin call. Like 400 USD$ or so.
Remove profits every week or % of gain like 30% or so and leave risk capital.

Account hit margin call.

Replace risk capital from banked profit. Lets use 20% or so...
rinse
repeat.
Chasing The Dream...
  • #333
  • Jan 9, 2015 2:48am Jan 9, 2015 2:48am
Quoting Sekhbet
{quote} One way is to trade till margin call. You know that grid systems blow accounts trend or not. So one way is to use this to advantage. Us a high leverage (400:1) account and fund just enough to take no more than lets say 25 grid positions against trend before margin call. Like 400 USD$ or so. Remove profits every week or % of gain like 30% or so and leave risk capital. Account hit margin call. Replace risk capital from banked profit. Lets use 20% or so... rinse repeat.
Yes, you are right, but this is not my favorite way to deal with a martingale EA. A psicological bug in my mind: I'm not confortable with the wipe of an account even if I have planned it.
  • #334
  • Jan 9, 2015 2:50am Jan 9, 2015 2:50am
EU


test period 09/23/2014 - 01/09/15
Community trend -false

It still blows up given time. Snatch profits as you go. Leave risk Capital
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: test.jpg Size: 64 KB
Chasing The Dream...
  • #335
  • Jan 9, 2015 2:54am Jan 9, 2015 2:54am
Quoting Sekhbet
EU test period 09/23/2014 - 01/09/15 Community trend -false It still blows up given time. Snatch profits as you go. Leave risk Capital {image} {image}
I,
can you explane what is COMMUNITY TREND? what's appens if is set true or false?
thanks
  • #336
  • Jan 9, 2015 2:54am Jan 9, 2015 2:54am
Quoting davegan
{quote} Yes, you are right, but this is not my favorite way to deal with a martingale EA. A psicological bug in my mind: I'm not confortable with the wipe of an account even if I have planned it.

Yeah I it's not easy on the mind. Might jack up ya nervous system
Chasing The Dream...
  • #337
  • Jan 9, 2015 2:55am Jan 9, 2015 2:55am
Quote
One way is to trade till margin call. You know that grid systems blow accounts trend or not. So one way is to use this to advantage.
Us a high leverage (400:1) account and fund just enough to take no more than lets say 25 grid positions against trend before margin call. Like 400 USD$ or so.
Remove profits every week or % of gain like 30% or so and leave risk capital.

Account hit margin call.

Replace risk capital from banked profit. Lets use 20% or so...
rinse
repeat.

I was thinking about the same thing, but in the long run will this be profitable or not? that's the question. There is no problem losing one account from time to time,because we rely on the ea that will recover the loss. But should we?
  • #338
  • Jan 9, 2015 2:59am Jan 9, 2015 2:59am
Quoting armyda
{quote} I, can you explane what is COMMUNITY TREND? what's appens if is set true or false? thanks

If you set it to true it will only take trade in the direction of the trend presented by the EA. Down will only take shorts Up will take longs only.

Without it on it picks the direction indiscriminately and follows through from there. So if it starts short that trade set will continue adding shorts until that set is cleared or account blows. Same for long.
Chasing The Dream...
  • #339
  • Jan 9, 2015 3:07am Jan 9, 2015 3:07am
Quoting cristian23
{quote} I was thinking about the same thing, but in the long run will this be profitable or not? that's the question. There is no problem losing one account from time to time,because we rely on the ea that will recover the loss. But should we?

I feel it will be profitable if you limit the lot size and periodically bank profits. I'm still learning though so we shall see.

My issue is that since we cannot backtest the community trend it will be hard to find the best setting for using it. Only way is by people reporting blown accounts and the setting they use will be avoided, but can a blown account be avoided? No! So this can send us into a setting frenzy and us ending up less confident than we started.

Savvy ways managing risk is the way and should be well discussed here.

I look forward to it.
Chasing The Dream...
  • #340
  • Jan 9, 2015 3:12am Jan 9, 2015 3:12am
Quoting Sekhbet
{quote} If you set it to true it will only take trade in the direction of the trend presented by the EA. Down will only take shorts Up will take longs only. Without it on it picks the direction indiscriminately and follows through from there. So if it starts short that trade set will continue adding shorts until that set is cleared or account blows. Same for long.
so for you is better to set FALSE?
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