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Matrix Grid Trading Community Edition

  • #781
  • Jan 23, 2015 4:17am Jan 23, 2015 4:17am
Anybody has results with this settings ? Step 5 Take profit 5 multi lot factor 1.
  • #782
  • Jan 23, 2015 4:48am Jan 23, 2015 4:48am
Quoting afhacker
{quote} Matrix Grid is a great EA and it's trend trading is one of it's best features but days like yesterday while there is a big impact news don't trade or trade only in one direction, Such a big impact news like QE isn't for all the time so the Community trend is useful most of the time and you must know how to manage your risk and money. Yesterday I earned huge amount of money because I managed my money and risk correctly and I wasn't sleep while QE announced.

Agreed

Been saying that for 2 weeks now. One just has to determine when to close that last trade before news like this. Small steps and targets can get within an hour of news and still get trades closed out in profit before pausing the EA. Larger steps and TP may need few hours ahead to clear the trade they are in or they will have to make a decision . To close or not to close, that is the question. A news filter that closes trade before news is not the answer unless it waits for current set to close out. Big steps may be able to ride the tide if lot is small enough. You cannot completely avoid a trend runaway situation in any grid system that's why hedging, pruning and other methods are introduced. Also has the distribution of local trends analysis been considered for each pair traded to get an idea for max DD?
Chasing The Dream...
  • #783
  • Jan 23, 2015 5:21am Jan 23, 2015 5:21am
Long term setup EURUSD being that it's at a major area of support.

Thoughts?

Buy small lots every 30-50 or even 100 pip grid against current trend

TP 1.39800

Set the EA and LEAN BACK...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 45 KB
Chasing The Dream...
  • #784
  • Jan 23, 2015 5:50am Jan 23, 2015 5:50am
Quoting Sekhbet
Long term setup EURUSD being that it's at a major area of support. Thoughts? Buy small lots every 30-50 or even 100 pip grid against current trend TP 1.39800 Set the EA and LEAN BACK... {image}
i think that we will not see the EU at 1,39 for a long,long long time
the europe has understood that germany is not the leader any more
  • #785
  • Jan 23, 2015 6:14am Jan 23, 2015 6:14am
GT please your demo account(60.000 euros!!) is going on fire
what we can understand when there are these days?
  • #786
  • Jan 23, 2015 6:17am Jan 23, 2015 6:17am
Quoting armyda
{quote} i think that we will not see the EU at 1,39 for a long,long long time the europe has understood that germany is not the leader any more

right

This is a long term idea. Add some meat to it like a mutilot factor of 3 and an earlier exit is possible.

Small lots and wide step long only at this critical possible turning point and it's on!
Chasing The Dream...
  • #787
  • Jan 23, 2015 6:19am Jan 23, 2015 6:19am
I think the CE edition is very good at trend detection. However, the problem is when you've entered a trade right before a trend change. The CE will take a little time to change direction, but you are stuck. It's just bad luck, but it will eventually happen, that's the nature of chance. However, what can be improved is how do we manage a trade when CE has changed and we are currently in a trade. I have a few ideas.

First, I'm not sure how the trend is detected (locally or higher time frames), but the H4 can be used as a global support/resistance. Basicly, don't buy/sell within 50 pips of a support/resistance, since we are highly likely to enter a point of reversal. Instead, the program should wait for the price to break those levels before continue trading. If it's currently in a trade, then keep it unless the price has broken the significant level by an 1H or 4H candle, in which the trade should be closed. It will be a recoverable loss. It's the price we pay for handling trend change while in a trade. The CE addition of closing at break even is good, but is not enough for runaway trades.

The second idea is a manual trend setting, in which we can set to down or up based on our own trading ideas and setup. I don't think I have to explain this further.

The third is a max trades setting. This allows us to set a stop loss based on number of trades we are willing to have before taking the loss. Most of the successful trades I've had are 7 and below with auto settings (I'm guessing it uses ATR for pip spacing). If we are into the 8th or more trade, more likely we have a runaway, unless h4 shows significant S/R levels, in which we can use that to wait for the bounce.

Fourth, this is more of a rule than something for the bot (unless it can integrate news). And that is to STOP placing trades until after the news has settled. This allows minimal trades being placed against us and we can unload more if we have a runaway trade. Avoiding the news seems very critical. Even not trading the day of we can continue to profit. We should not "hope" that the news does not go against us. With such big candles, I'm not sure how trend detection would work out. Even if it does change, a whipsaw can do significant damage the opposite direction.

The only problem now is trade management. Some of us just do not have access to our terminals all the time, b/c I'm sure a lot of us are not full time day traders. So mechanism have to be in place to not let the EA have free reign.

If anyone has any idea on how we can improve "handling a trade when trend has changed," then please feel free to add.

These are all ideas, but I think it is very possible to integrate code-wise.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #788
  • Jan 23, 2015 6:25am Jan 23, 2015 6:25am
Quoting qFish
I think the CE edition is very good at trend detection. However, the problem is when you've entered a trade right before a trend change. The CE will take a little time to change direction, but you are stuck. It's just bad luck, but it will eventually happen, that's the nature of chance. However, what can be improved is how do we manage a trade when CE has changed and we are currently in a trade. I have a few ideas. First, I'm not sure how the trend is detected (locally or higher time frames), but the H4 can be used as a global support/resistance....
YOUR WORDS:
The CE will take a little time to change direction.
IT'S TRUE and when the EA finally change we are under with many trades in contetrend
  • #789
  • Jan 23, 2015 6:27am Jan 23, 2015 6:27am
Quoting Sekhbet
Long term setup EURUSD being that it's at a major area of support. Thoughts? Buy small lots every 30-50 or even 100 pip grid against current trend TP 1.39800 Set the EA and LEAN BACK... {image}
Long time trade idea? this long time will be 2016 or maybe 2017 or maybe never!
Y u want to trade against such strong trend?
Without an edge MM is useless!
  • #790
  • Jan 23, 2015 6:33am Jan 23, 2015 6:33am
I've always heard trend is your friend, if trend changes I think in some way you should change

MGT CE is great donīt let two bad days throw it all away

Thanks for sharing
  • #791
  • Jan 23, 2015 6:37am Jan 23, 2015 6:37am
Quoting bypasssbo
I've always heard trend is your friend, if trend changes I think in some way you should change MGT CE is great donīt let two bad days throw it all away Thanks for sharing
It is great!
Chasing The Dream...
  • #792
  • Jan 23, 2015 6:39am Jan 23, 2015 6:39am
Quoting majid1978
hello again dear friends take a look to my $1000 account 0.1 lot risk for each trade (aggressive method) on 3 pairs: EURUSD,USDJPY,GBPUSD this robot is very powerful, it is like a miracle can change your losing balance to winning balance in a few hours... THANKS AGAIN DEAR GOOGLETRADER AND CONTINUE YOUR EXCELLENT WORK {image}
Majid
Using 0.1 with 1000$ is suicidal. Consider lowering it to 0.01 and build your equity gradually.
I will only consider 0.1 for accounts with 10K and higher.
  • #793
  • Jan 23, 2015 6:41am Jan 23, 2015 6:41am
Quoting Justin
{quote} Majid Using 0.1 with 1000$ is suicidal. Consider lowering it to 0.01 and build your equity gradually. I will only consider 0.1 for accounts with 10K and higher.
You are right!
Without an edge MM is useless!
  • #794
  • Jan 23, 2015 6:44am Jan 23, 2015 6:44am
Quoting armyda
{quote} YOUR WORDS: The CE will take a little time to change direction. IT'S TRUE and when the EA finally change we are under with many trades in contetrend
Yes, but this case is special b/c it's affected by one of the biggest market moving news, which we could have avoided. If the news is this big, we really should just close all current trades, or at least turn off the EA so no more is added until things have settled. If you are hit bad, wait for the best chance to get out. Use your profit as the padding.

And you will also noticed that GoogleTrader wanted to test martingale this time around. He taught us all a very good lesson. Martingale is a double edge sword. Even with his conservative setting, the nature of it (geometric expansion) is exponential and can blow up, even if you have a big account trading small. My personal take is... use a non-exponential martingale if you want to use one (like 1, 2, 3, 4... etc). But it seems best to not use one at all and just cut your losses. The EA is very good at making up the losses.

This is my third day running the EA and the bumps are rough. But the market gave me a second chance to get out early with EU. I also had to fight with UJ. Here's my trade result:

Attached Image (click to enlarge)
Click to Enlarge Name: Recovery.PNG Size: 23 KB


My settings were auto, lot = 0.02 and 0.03 depending on margin cost. Trading 5 lowest margin pairs recommended (EU, AU, UJ, NU, and UC). Contrary to belief, EU was not the best performer before the big loss. Here are the stats for the pairs:

Attached Image


UC was an except as I was "lucky" during another big news even when CE detected a previous trend in right direction. NU was actually the best performer. If you load up the chart, it also looks nice (ranging with many retraces).

If auto spacing is not used, then I think using H4, detect the range on the biggest swings against us with a recoverable retrace, and divide that by the number of trades you are willing to place. I still think this EA has a lot of potential. We just got to know how to manage or integrate risk mitigation procedures.
insanity: Doing the same thing over... and expecting different results -AE
  • #795
  • Jan 23, 2015 6:56am Jan 23, 2015 6:56am
One last issue is, weekend gap. Has anyone had issues with staying in trades over the weekend? I can also foresee weekend news or events creating big gaps that could potentially hurt the trade also. In which case closing pairs with low number of trades could be worth it if the loss is not too bad.
insanity: Doing the same thing over... and expecting different results -AE
  • #796
  • Jan 23, 2015 6:59am Jan 23, 2015 6:59am
Quoting Justin
{quote} Majid Using 0.1 with 1000$ is suicidal. Consider lowering it to 0.01 and build your equity gradually. I will only consider 0.1 for accounts with 10K and higher.
1000$ with 0.1 lot suicidal? yesterday a demo account of 3000$ with 0.01 lot and multilot_factor 1.5 just with one pair usd/chf blew up
  • #797
  • Jan 23, 2015 7:00am Jan 23, 2015 7:00am
Quoting qFish
One last issue is, weekend gap. Has anyone had issues with staying in trades over the weekend? I can also foresee weekend news or events creating big gaps that could potentially hurt the trade also. In which case closing pairs with low number of trades could be worth it if the loss is not too bad.

Yeah I would never leave open trades during the weekend
Chasing The Dream...
  • #798
  • Jan 23, 2015 7:04am Jan 23, 2015 7:04am
Quoting Sekhbet
{quote} Thanks, Well understood. I attempted to get this discussion going while back... From the response, I understood that the community trend was to provide an edge above classic TA as well as the need to "think" about market structure, given your settings. If doing our own TA gives direction then the Community trend's value is in question. That's why ver 1.0 is being asked about so much. I asked about risk management- 1 good response only We are asked to forward test and share out best settings including broker. Most are using default and I...
  • #799
  • Jan 23, 2015 7:17am Jan 23, 2015 7:17am
Quoting Sekhbet
{quote} Yeah I would never leave open trades during the weekend
Thanks Sekhbet.
insanity: Doing the same thing over... and expecting different results -AE
  • #800
  • Jan 23, 2015 7:17am Jan 23, 2015 7:17am
Wow! Good data for testing.
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