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Matrix Grid Trading Community Edition

  • #401
  • Jan 12, 2015 4:11am Jan 12, 2015 4:11am
Quoting laksior
2 hours, 7 open trades, 0 profit With old version i had about 20 opened trades in the same time and nice profit
SO, we can blame EA for price action of all Forex?

YO, GoogleTrader, ruler of the world
It takes a lot for me to IGNORE you, but you can try.
  • #402
  • Jan 12, 2015 4:17am Jan 12, 2015 4:17am
We will see how's gonna be tomorrow....
Someone can explain this situation. Almost 3 hrs and no opened trade on USD/CHF
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  • #403
  • Jan 12, 2015 4:26am Jan 12, 2015 4:26am
Quoting laksior
We will see how's gonna be tomorrow.... Someone can explain this situation. Almost 3 hrs and no opened trade on USD/CHF {image}
Only CHF? Trading OK on other pairs?

I don't have answer but GT might need that information
It takes a lot for me to IGNORE you, but you can try.
  • #404
  • Jan 12, 2015 4:31am Jan 12, 2015 4:31am
Yes, only CHF. Other pairs are OK
  • #405
  • Jan 12, 2015 4:56am Jan 12, 2015 4:56am
Quoting laksior
Almost 3 hrs and no opened trade on USD/CHF {image}
Simple wait more time.
  • #406
  • Jan 12, 2015 4:59am Jan 12, 2015 4:59am
Quoting GoogleTrader
{quote} Simple wait more time.
Roger that
  • #407
  • Jan 12, 2015 5:13am Jan 12, 2015 5:13am
Quoting xilatleo
I think u guys should exit all EURUSD order of the old EA right now or you will burn your account
I'm not sure that is good idea. It is clear that it is difficult to look at the drawdown, but this is standard situation for this EA as i said earlier.
  • #408
  • Jan 12, 2015 5:13am Jan 12, 2015 5:13am
Using 0.03 with 10K account.
Started on 2nd Jan 2015.
Going strong.
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  • #409
  • Jan 12, 2015 6:08am Jan 12, 2015 6:08am
Quoting Justin
Using 0.03 with 10K account. Started on 2nd Jan 2015. Going strong. {image}
Rock on!!!

Started 01/05/15
3000 account
0.01
EURUSD only
USA FXCM
Live
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Chasing The Dream...
  • #410
  • Jan 12, 2015 6:16am Jan 12, 2015 6:16am
Demo
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Chasing The Dream...
  • #411
  • Jan 12, 2015 6:26am Jan 12, 2015 6:26am
Quoting xilatleo
I think u guys should exit all EURUSD order of the old EA right now or you will burn your account
No way
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  • #412
  • Jan 12, 2015 6:29am Jan 12, 2015 6:29am
Quoting mario777
{quote} No way {image}
Chasing The Dream...
  • #413
  • Edited 7:04am Jan 12, 2015 6:52am | Edited 7:04am
An idea....

long with the community trend, how about trading against the trend line on daily, 4hr or so? Manually Set the EA for shorts only until a visual trend line break. This may help stay on the right side more. So even if the community trend shows up, no trade will be taken until the longer term trend line is broken and you change the setting to take only longs at that point.

So now you have 2 confirmations of trend direction.


Thoughts?
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Chasing The Dream...
  • #414
  • Jan 12, 2015 7:09am Jan 12, 2015 7:09am
So got this bad boy running. Trying to understand the order logic. Indicator showing an uptrend but EA only taking sells?
GT. How and when does the EA switch over?

Thanks

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  • #415
  • Jan 12, 2015 7:14am Jan 12, 2015 7:14am
Quoting spyderman
So got this bad boy running. Trying to understand the order logic. Indicator showing an uptrend but EA only taking sells? GT. How and when does the EA switch over? Thanks {image}
EA will switch after closing all sell orders. But i noticed, usdjpy very bad pair for EA. On usdjpy is reasonable to increase LotsFactor_trengchange to 1.5. But better do not use on this pair at this time.
  • #416
  • Jan 12, 2015 7:19am Jan 12, 2015 7:19am
Quoting GoogleTrader
{quote} EA will switch after closing all sell orders. But i noticed, usdjpy very bad pair for EA. On usdjpy is reasonable to increase LotsFactor_trengchange to 1.5. But better do not use on this pair at this time.

I see. So if you get a runaway trend in one direction it will just keep placing opposite orders until you margin?
  • #417
  • Jan 12, 2015 7:24am Jan 12, 2015 7:24am
Quoting spyderman
{quote} I see. So if you get a runaway trend in one direction it will just keep placing opposite orders until you margin?

YUP!

The community trend will help against this. But all grid systems have this possibility. If not they would be holy grail. So risk management and periodic profit pulling is a must.
Chasing The Dream...
  • #418
  • Jan 12, 2015 7:55am Jan 12, 2015 7:55am
Just seems counter intuitive. You start with sells. Then trend changes and price heads up so you keep adding sells. Now to get out you want price to fall again to close grid so that you can enter buys. But if it falls far enough to get you out of grid, seems like trend would have to shift back to south, but you're looking for buys...

Would seem beneficial for EA to just switch to buys when the trend changes and keep the sells open. Then if price keeps going the additional buys could offset the hedged sells. But then you could keep bouncing back and forth like that, accumulating positions until price broke out, so that could cause problems as well...

Just musing...
  • #419
  • Jan 12, 2015 8:12am Jan 12, 2015 8:12am
Test restarded cause scrip for close at max dd doesn't close position... so now dd is over 1k and trend is change...
https://www.myfxbook.com/portfolio/matrix11/1123632
Regards
  • #420
  • Jan 12, 2015 8:25am Jan 12, 2015 8:25am
Quoting spyderman
Just seems counter intuitive. You start with sells. Then trend changes and price heads up so you keep adding sells. Now to get out you want price to fall again to close grid so that you can enter buys. But if it falls far enough to get you out of grid, seems like trend would have to shift back to south, but you're looking for buys... Would seem beneficial for EA to just switch to buys when the trend changes and keep the sells open. Then if price keeps going the additional buys could offset the hedged sells. But then you could keep bouncing back...

The system does not work the way you describe. Your trade direction is based on the community trend direction. Say the trend shows down. The EA will only open shorts. Just because you go against the trend does not mean the community trend direction has changed. Strength still down. So as the grid closes, your next trade will still be a short because the community trend is still down. Also the target price rises base on settings as you add positions.
Chasing The Dream...
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