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Matrix Grid Trading Community Edition

  • #801
  • Jan 23, 2015 7:31am Jan 23, 2015 7:31am
Is any one trading this EA in US with FIFO rules? If so does the EA automatically handle the orders or do you need to combine it with an OCO order EA? Thanks in Advance!

Also is there a way to set the EA to only sell or buy based on the direction I personally think its going, not the community sentiment?
I Am The Danger... I Am The One Who Knocks
  • #802
  • Jan 23, 2015 7:41am Jan 23, 2015 7:41am
Quoting armyda
{quote} 1.3161?
I was seeing this Support Level Yesterday ... Today the things are differents ... I attach the Picture I did see before and the Right now 1.11517...

What do you think about this ? Up or Dwon (With the same trend) ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 52 KB
Click to Enlarge Name: EUFiriday.PNG Size: 39 KB
  • #803
  • Jan 23, 2015 7:47am Jan 23, 2015 7:47am
Quoting HeisenbergFx
Is any one trading this EA in US with FIFO rules? If so does the EA automatically handle the orders or do you need to combine it with an OCO order EA? Thanks in Advance! Also is there a way to set the EA to only sell or buy based on the direction I personally think its going, not the community sentiment?
1. Yes
2. EA handles automatically
3. No
insanity: Doing the same thing over... and expecting different results -AE
  • #804
  • Jan 23, 2015 7:50am Jan 23, 2015 7:50am
Quoting qFish
{quote} 1. Yes 2. EA handles automatically 3. No

Thank you very much for your answer!

To GoogleTrader

If possible, it would be nice if there was option for user to select which direction they want the EA to trade so they can decide the trend themselves
I Am The Danger... I Am The One Who Knocks
  • #805
  • Jan 23, 2015 7:51am Jan 23, 2015 7:51am
Quoting HeisenbergFx
Is any one trading this EA in US with FIFO rules? If so does the EA automatically handle the orders or do you need to combine it with an OCO order EA? Thanks in Advance! Also is there a way to set the EA to only sell or buy based on the direction I personally think its going, not the community sentiment?
Need ver 1.0
Go to EA properties. Select common tab. Select short only

or just select short only and will trade ver 1.1 only when CE is down
Chasing The Dream...
  • #806
  • Jan 23, 2015 7:54am Jan 23, 2015 7:54am
Quoting HeisenbergFx
{quote} Thank you very much for your answer! To GoogleTrader If possible, it would be nice if there was option for user to select which direction they want the EA to trade so they can decide the trend themselves
Right clic > Expert Advisors > Common Tab > Common positions > Only Long or Only Short
  • #807
  • Jan 23, 2015 7:59am Jan 23, 2015 7:59am
Quoting Sekhbet
{quote} Need ver 1.0 Go to EA properties. Select common tab. Select short only or just select short only and will trade ver 1.1 only when CE is down
I think this could be a solution, but I think the platform prevents long or short orders. If the EA is currently showing Up and you have it set to short only, I don't think it will place trades. If possible, can you verify this statement GoogleTrader?
insanity: Doing the same thing over... and expecting different results -AE
  • #808
  • Jan 23, 2015 8:07am Jan 23, 2015 8:07am
Quoting GoogleTrader
Wow! Good data for testing.
That's what I'm thinking.
  • #809
  • Jan 23, 2015 8:09am Jan 23, 2015 8:09am
Quoting qFish
{quote} I think this could be a solution, but I think the platform prevents long or short orders. If the EA is currently showing Up and you have it set to short only, I don't think it will place trades. If possible, can you verify this statement GoogleTrader?

Yes, no trades if EA is showing UP. This is only true with ver 1.1. So it will skip trades during this period and resume once EA shows down again

Ver 1.0 (discontinued) allows what we are discussing because the Community trend can be set to false. The it will take only shorts if you have that selected
Chasing The Dream...
  • #810
  • Jan 23, 2015 8:15am Jan 23, 2015 8:15am
Quoting Sekhbet
{quote} Yes, no trades if EA is showing UP. This is only true with ver 1.1. So it will skip trades during this period and resume once EA shows down again Ver 1.0 (discontinued) allows what we are discussing because the Community trend can be set to false. The it will take only shorts if you have that selected
Your solution could be very good as we will be trading when both small and big trends match. Alleviates the need for grid recovery. Good idea!
insanity: Doing the same thing over... and expecting different results -AE
  • #811
  • Jan 23, 2015 9:47am Jan 23, 2015 9:47am
Well so far so good with this EA. Been testing for the last two weeks with a demo account that started with $5000 in capital and 50:1 leverage. As of today, account sits at $6579.62 with the DD a minimal $15.42. MultiLotFactor at 1.5, manual settings for 6 pairs based on ADR and such. Will continue to test but very encouraged by the results.

Here is what I would like to see added on any future versions of the EA. Community trend function on/off, able to specify maximum number of offset entries to take, an "Oh Sh!t" stop loss level, and finally if community trend is on, being able to specify at which percentage to execute trades, ie., execute trade when above 55% up or down.

All in all, very pleased and looking forward to reading what everyone else is doing. Finally, thanks GoogleTrader.
  • #812
  • Jan 23, 2015 10:41am Jan 23, 2015 10:41am
Quoting TheDirtySerb
Well so far so good with this EA. Been testing for the last two weeks with a demo account that started with $5000 in capital and 50:1 leverage. As of today, account sits at $6579.62 with the DD a minimal $15.42. MultiLotFactor at 1.5, manual settings for 6 pairs based on ADR and such.
15.42$ drawdown? tell us your magic settings. many of us were in a big drawdown when trend suddenly changed. Which ADR do u use? 30 days range?
your ideas to improve the ea are interesting.
  • #813
  • Jan 23, 2015 10:44am Jan 23, 2015 10:44am
So....
This is a demo account started this week with 10,000$. The leverage is 1:500 and trading two pairs only eurusd & gbpusd with 0.1 lot size. The settings were default but the MultiLotFactor was set to 1.3. The performance was quite extraordinary and the equity reached 13,161$ in few days. Today the account lost everything.
I believe it's better to stick with MultiLotFactor=1.0 and use the smallest lot size.
Attached Image (click to enlarge)
Click to Enlarge Name: Performance.jpg Size: 72 KB
  • #814
  • Jan 23, 2015 10:50am Jan 23, 2015 10:50am
can someone educate me what is community trend? can we trade with grid regardless market condition?
  • #815
  • Jan 23, 2015 11:00am Jan 23, 2015 11:00am
Hi
I would recommend the following:
Global closure, whatever the profit/loss of the open trades every day or week.

This kind of strtegy needs a reset from time to time
It doesnt matter the loss from time to time, what is important is to be profitable in the long run.
A dayly profit targe can be also a good option.

This strategy as it is right now, usually sooner or later blow the account
If you have for example 0,01 lots everything else auto, in 5 pairs, you can have 50 usd profit target everyday, then stop trading until next day.
Same applies for weekly target for example.

Then a global closure on Friday 12.00 am until monday, when all process starts fresh
Please take into consideration this options.
Thank you
  • #816
  • Edited 11:17am Jan 23, 2015 11:01am | Edited 11:17am
Quoting Justin
So.... This is a demo account started this week with 10,000$. The leverage is 1:500 and trading two pairs only eurusd & gbpusd with 0.1 lot size. The settings were default but the MultiLotFactor was set to 1.3. The performance was quite extraordinary and the equity reached 13,161$ in few days. Today the account lost everything. I believe it's better to stick with MultiLotFactor=1.0 and use the smallest lot size. {image}
I think is not a settings problem as I said before an account of $3000 (+$700 of profit) with just one pair MultiLot_factor=1.5 and 0.01 lot blew up yesterday, if you use conservative settings for the EA obviously you are going to live more but at the end the market is the key factor, I think here we need to test some configs but the EA needs to have a protection against a trend change or against red news.

I am testing the EA with 6 pairs from 00:00 GMT to 08:00 GMT avoiding red news days and everyday during three weeks is profitable.

Hardpike your approach is good but with this trading system almost every day you need to go $250 under to earn $50 some hours later, if you cut the profit you need to cut the loss and I think this is not the way with the Googletrader EA
  • #817
  • Jan 23, 2015 12:11pm Jan 23, 2015 12:11pm
What happened, GT, to your Trade Explorer demo for 1.1? Looks like you had
some wicked DD. Did you shut it down?
  • #818
  • Jan 23, 2015 12:17pm Jan 23, 2015 12:17pm
Quoting ChicagoRob
What happened, GT, to your Trade Explorer demo for 1.1? Looks like you had some wicked DD. Did you shut it down?
You may see it on my profile.
  • #819
  • Jan 23, 2015 1:41pm Jan 23, 2015 1:41pm
Quoting GoogleTrader
{quote} You may see it on my profile.
Definitively too dangerous if the EA is against the trend
  • #820
  • Jan 23, 2015 1:59pm Jan 23, 2015 1:59pm
Quoting tikku
{quote} 15.42$ drawdown? tell us your magic settings. many of us were in a big drawdown when trend suddenly changed. Which ADR do u use? 30 days range? your ideas to improve the ea are interesting.
No magic settings. That was my DD at the time of my post. My DD was much bigger yesterday, but it did end up working out. If you use multilotfactor higher than 1, you must account for multiple backup positions being opened and therefore trade smaller lots. You also have to take into consideration the daily range of a pair. EU was extreme yesterday and if your EA was executing trades every 5,7,10 pips or so, you need to modify the step setting on the fly to mimic market conditions. Not only did my long EU trades yesterday work out, but when the trend changed to short and the EA started to sell, it produced even more profit. Everyone needs to play around with different settings. GT is already trading the default settings. Its up to the rest of us to tweak it every which way to determine if there is a better way. Not trading on a red news day or high impact news on a demo account is silly. Its the absolute best day to trade. How will you learn if your demo account doesn't blow up. I'm not saying be stupid and make the multilotfactor 5 or 10, but make some small adjustments and learn from it, then move on. Hope everyone has a great weekend. I'm out.
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