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Matrix Grid Trading Community Edition

  • #1,921
  • Mar 3, 2015 9:58am Mar 3, 2015 9:58am
Quoting steeko
{quote} I think the idea of keep step =10 and TP = 10 will keep u remaining in the trade too long , it will go back one day and hit TP, but needs patient and leverage. Look at GT explorer above and u will get what i mean
I agree.
I found that small trades hit more often a small TP of 4 or 5..... it keeps the pips rolling.....
TP of 10, takes too long, and many times takes a couple of steps back and more added trades to try get back to the original TP set at 10.

The setting of Step.... is debatable..... I run Step at 10 to 12 with new small live account. So far so good.... long way to go, ....a lot to learn still.
(5, 4, 0.01, 1, 1, F, F, 12)

It might be better to increase the lot size with a larger balance of your account, than increasing the TP setting.
Rather more frequent short trades, than the longer ones with higher TP.

Almost too hot to trade today.... 42 degrees C !
Green pips to all....
  • #1,922
  • Mar 3, 2015 3:28pm Mar 3, 2015 3:28pm
I have been demo and live trading this for several weeks, and frequently review old posts of the thread. For some reason, I still can't say I understand definitively how the Internal Trend Confirmation should be set. What impact is there for various values, for example, 100, 10 or 5?

Any insight will be appreciated. Thanks
  • #1,923
  • Mar 3, 2015 3:53pm Mar 3, 2015 3:53pm
Quoting interbucks
{quote} I agree. I found that small trades hit more often a small TP of 4 or 5..... it keeps the pips rolling..... TP of 10, takes too long, and many times takes a couple of steps back and more added trades to try get back to the original TP set at 10. The setting of Step.... is debatable..... I run Step at 10 to 12 with new small live account. So far so good.... long way to go, ....a lot to learn still. (5, 4, 0.01, 1, 1, F, F, 12) It might be better to increase the lot size with a larger balance of your account, than increasing the TP setting....
This is arguable too. The difference between 10 pips and 5 pips is small when you begin to get stuck in a trend change. I think the problem is the constant spacing employed. Too many trades are placed as price goes against you. Instead, trades placed further would better improve average price while reducing DD. Once you have over 10 trades, 10 pips vs 5 pips don't matter. In fact, it may be wiser to increase TP to 20 or 30 pip as the major reversal in your direction can usually blow right through. A smarter approach would be to change it to near a major SR level. At any rate, I'm using TP 10 and it seems to work well for me. As for now, I'm no longer using the EA. My margin requirements are just too small for the constant spacing it uses. But I did get a few +percent from it (thanks GT! and others). Good luck to all.
insanity: Doing the same thing over... and expecting different results -AE
  • #1,924
  • Mar 3, 2015 3:59pm Mar 3, 2015 3:59pm
Quoting ronwalt
I have been demo and live trading this for several weeks, and frequently review old posts of the thread. For some reason, I still can't say I understand definitively how the Internal Trend Confirmation should be set. What impact is there for various values, for example, 100, 10 or 5? Any insight will be appreciated. Thanks
I believe it is used to both confirm local and global trend. If you watch closely, the EA will open trades when the small trend is against in which you are in a retrace. This allows it to make an attempt to catch small retraces and dips during a trend. This can be achieved say using an std or regresssion channel in which price goes below the centerline some number of pips, etc. This goes all well and dandy in a trend, but the market ranges, which is the problem and the killer. And the other problem is that by the time you have "detected" a trend change, you are already knees deep, in which you must manage a recover (that's why you have the grid). Ideally, you have no more than 3 trades open and you can make money all day. But once you get stuck, even though the recovery gives you a "big payout," you'd actually make more in the long run if you would have been able to pick up little trades along the way. Especially when the market goes against you and ranges between a level for a long time before returning to your TP.
insanity: Doing the same thing over... and expecting different results -AE
  • #1,925
  • Mar 3, 2015 4:52pm Mar 3, 2015 4:52pm
Quoting ronwalt
I have been demo and live trading this for several weeks, and frequently review old posts of the thread. For some reason, I still can't say I understand definitively how the Internal Trend Confirmation should be set. What impact is there for various values, for example, 100, 10 or 5? Any insight will be appreciated. Thanks

Not trying to offend, but I never understood the logic of going live before understanding the EA. Even if with only small amounts of money which weighs more towards building personal psychology for managing a system you demo tested, but hey this is just me. You do as you please.

OK

"1. InternalTrendConfirmation, this setting for detection local low or high trend in pips before placing the first order. (This parameter quantizes a price row for local trend detection.)" Googletrader

So, this setting affects only the first trade in the grid. If you have it set at 10 your price row for local/high trend is only 10 pips and so on. If set at 1 you basically are not using the setting.

It's confirming the trend direction in pips before firing the first trade. A 100 setting will take longer to fire it's first trade than a 10, 5 ...
Solutions ONLY!!!
  • #1,926
  • Mar 3, 2015 4:59pm Mar 3, 2015 4:59pm
Thanks for the replies.
  • #1,927
  • Mar 4, 2015 1:49am Mar 4, 2015 1:49am
This month so far...

Broker Squared Financial

Testing EUR/USD only

Trading setting in both directions.

1.1 and 1.0
Internal trend Conf 1
lot 0.01 per every 5000
multi 1.5
at trend change 1.5
Step 2
TP 5

will replicate pulling profits every 100% gain by restarting at investment capital. (separate account)
Exploring a max loss percentage of 30% were I will close all if hit, recalculate lots and continue forward.

24hrs a day
Attached Image (click to enlarge)
Click to Enlarge Name: March test 2.5.jpg Size: 182 KB
Solutions ONLY!!!
  • #1,928
  • Mar 4, 2015 2:16am Mar 4, 2015 2:16am
Hi Bill
How did you absorb the big down last thursday ?
  • #1,929
  • Edited 4:46am Mar 4, 2015 4:29am | Edited 4:46am
Quoting zoraxfx
Hi Bill How did you absorb the big down last thursday ?
The key is in his 0.01 lot for every 5000. I think you would still do ok with 0.01 lot for every 1,000 but anything less than 1,000 and you are basically asking for your account to be blown up. I am currently testing on a cent account and it looks good. Even if you have 5000 to put on this, I like the idea of a cent account since you can increase your lot sizes faster. Of course there are no ecn cent accounts but with no stop loss there really isn't that much the broker can do.

One thing to consider with a cent account is to make sure that the broker still uses regular pair names and doesn't add something to the end to make them like EURUSD.m or EURUSDmicro. The ea doesn't work with non standard pair names. Fxblue (not a broker) also has a free trade copier if you have a broker that does this that you really like.
  • #1,930
  • Mar 4, 2015 4:47am Mar 4, 2015 4:47am
BillYon, do you have both 1.0 and 1.1 taking long and short, or does the 1.0 get set to be opposite the 1.1 Current Trend ?
  • #1,931
  • Mar 4, 2015 4:59am Mar 4, 2015 4:59am
Quoting fxtrader1081
{quote} The key is in his 0.01 lot for every 5000. I think you would still do ok with 0.01 lot for every 1,000 but anything less than 1,000 and you are basically asking for your account to be blown up. I am currently testing on a cent account and it looks good. Even if you have 5000 to put on this, I like the idea of a cent account since you can increase your lot sizes faster. Of course there are no ecn cent accounts but with no stop loss there really isn't that much the broker can do. One thing to consider with a cent account is to make sure that...
The problem is with this Bill's settings and Bill's systemI'm not recovered my balance from black last thursday .
I see a very nice equity curve by Bill and I don't know how he did
  • #1,932
  • Mar 4, 2015 5:28am Mar 4, 2015 5:28am
Quoting ronwalt
BillYon, do you have both 1.0 and 1.1 taking long and short, or does the 1.0 get set to be opposite the 1.1 Current Trend ?

1.0 is set opposite.
Solutions ONLY!!!
  • #1,933
  • Mar 4, 2015 5:49am Mar 4, 2015 5:49am
Quoting zoraxfx
{quote} The problem is with this Bill's settings and Bill's systemI'm not recovered my balance from black last thursday . I see a very nice equity curve by Bill and I don't know how he did

Cut your losses and focus on management.

before moving forward ask yourself
What is you max risk? Where you would cut losses and continue
How to you take profits? % gain, daily, weekly...etc


1000 per 0.01 lots is to great for a 1.5 muti lot if used. For 1.0 that's fine. Still comes down to how you manage your trade. That's deserves the greatest focus because the grid trader here clearly is profitable on many different settings, but will also burn you with those settings.
Solutions ONLY!!!
  • #1,934
  • Mar 4, 2015 6:07am Mar 4, 2015 6:07am
Quoting BillYon
{quote} Cut your losses and focus on management. before moving forward ask yourself What is you max risk? Where you would cut losses and continue How to you take profits? % gain, daily, weekly...etc 1000 per 0.01 lots is to great for a 1.5 muti lot if used. For 1.0 that's fine. Still comes down to how you manage your trade. That's deserves the greatest focus because the grid trader here clearly is profitable on many different settings, but will also burn you with those settings.
Ah OK
So you have cut your loss after last thursday ?
  • #1,935
  • Mar 4, 2015 6:48am Mar 4, 2015 6:48am
Quoting zoraxfx
{quote} Ah OK So you have cut your loss after last thursday ?

I always cut losses or prune based on my management plan. Unless I'm trading with only risk capital and in that case I ride it out till the death while extracting wins along the way.

Once blow up. I reintroduce risk capital and rinse repeat
Solutions ONLY!!!
  • #1,936
  • Mar 4, 2015 6:51am Mar 4, 2015 6:51am
Quoting zoraxfx
{quote} Ah OK So you have cut your loss after last thursday ?

Also these new results are for this month only. First 3 days EUR/USD only Woo Hoo!!!
Solutions ONLY!!!
  • #1,937
  • Edited 10:17am Mar 4, 2015 7:44am | Edited 10:17am
Many thanks but I'm going to another system: it's too dangerous .
If an event like last thursday occurs regularly , you lost money even with a good money mangement.
  • #1,938
  • Mar 4, 2015 10:42am Mar 4, 2015 10:42am
Hi
Is this Expert can deal with a real account?
  • #1,939
  • Mar 4, 2015 11:48am Mar 4, 2015 11:48am
Quoting zoraxfx
Many thanks but I'm going to another system: it's too dangerous . If an event like last thursday occurs regularly , you lost money even with a good money mangement.
Then how do you explain GT's the current trade explorer? I think if you are losing money, you do not have good MM. In fact, with good MM, most systems on FF can profit. You just have to do the math first to understand how the DD based on biggest swings in the market (assuming nothing like the Swiss move happens, in which any system is at risk). But I do agree, the current system can be improved greatly. I've also stopped trading the EA.
insanity: Doing the same thing over... and expecting different results -AE
  • #1,940
  • Mar 4, 2015 12:08pm Mar 4, 2015 12:08pm
Quoting Hossein1
Hi Is this Expert can deal with a real account?

Hossein,

You've asked several questions in your 4 posts here at FF, all on this thread. No one has answered any of them. Part of the reason I am sure is that your questions reflect that you haven't made the effort to read through the thread. If anyone expects help here or on any thread, they should at least make the effort to read through the information that has been supplied. Please don't take offense at this.

I've been here at FF for many years and am always finding new threads that I'm interested in. I still make it a practice to read through the thread or at least from any "updated thread" points (as you'll find on post 1 here) before asking questions. It shows respect to the thread OP and those who have spent a long time with the thread and who are in a position to help.

Just my thoughts
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