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Matrix Grid Trading Community Edition

  • #2,101
  • Mar 12, 2015 11:22pm Mar 12, 2015 11:22pm
Quoting wattaman
{quote} Thanks a lot. Just to make sure I understood this time: Multilotsfactor 0.75, right?! Also, how about 2 open trades per pair? Thanks again.

right 0.75 for 0.01 lot

different for different lot size
Solutions ONLY!!!
  • #2,102
  • Mar 13, 2015 2:20am Mar 13, 2015 2:20am
Quoting BillYon
{quote} right 0.75 for 0.01 lot different for different lot size
Alright, I got that.
For 4 trades per pair - 0.75 for 0.01 lot.
How about 2 trades per pair? 0.01 lot. What's the multilotsfactor?
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #2,103
  • Mar 13, 2015 3:18am Mar 13, 2015 3:18am
Quoting wattaman
{quote} Alright, I got that. For 4 trades per pair - 0.75 for 0.01 lot. How about 2 trades per pair? 0.01 lot. What's the multilotsfactor?

-1.0

Negative 1.0
Solutions ONLY!!!
  • #2,104
  • Mar 13, 2015 4:18am Mar 13, 2015 4:18am
Hello Googletrader,

It would be nice if there was a manual first trade option. Like limit order at price 0.0000

Solutions ONLY!!!
  • #2,105
  • Mar 13, 2015 7:12am Mar 13, 2015 7:12am
Hi everyone. I am getting "EURUSDMGTCE: Can't trade on real account. Please update your version." I am using version 1.1. What might be the cause?
  • #2,106
  • Mar 13, 2015 7:30am Mar 13, 2015 7:30am
Quoting bodring
Hi everyone. I am getting "EURUSDMGTCE: Can't trade on real account. Please update your version." I am using version 1.1. What might be the cause?

reinstall from scratch
Solutions ONLY!!!
  • #2,107
  • Mar 13, 2015 7:49am Mar 13, 2015 7:49am
Quoting TheDirtySerb
Yes I agree, there need to be a few more filters and a hedging strategy built in instead of trying to bounce back and forth between 1.1 and 1.0. Maybe GT is working on something like that right now since I noticed on page 1 version 1.1 is not available for download anymore and under the Download Now link the words "coming soon" appear. So hopefully some mods coming soon. If that's the case, looking forward to it GT.
I agree. The most risky time IMHO is at the exhausted end of a trend and an order is opened just before the price pulls back in the opposite direction. You are then left hoping that one of the pull-backs will save the day. I wonder if anyone has any stats showing the probability of a pull-back closing out any given trade, with varying settings for the MultiLotsFactor_TrendChange? I have it set at 2.0 and so far managed to get out of one trade (manually) at break-even.

On that subject it would be good to see firstly a filter (maybe Stochastic or RSI) to determine oversold/bought positions to avoid these higher risk new trades, and also when the trend direction does change perhaps it would be an idea for the EA to aim to close out at break-even or even have a setting for % loss you are willing to accept. I am sure GT doesn't want to overcomplicate it with too many settings but these amendments could make a significant difference.

I personally would also like to see a colour button for quick recognition of the state of each trade - green for trend remains in direction of trade, red for trend has changed, and orange for trend changed temporarily but is now back in the direction of trade. Just my personal shopping list of course but if you don't ask...
  • #2,108
  • Mar 13, 2015 8:10am Mar 13, 2015 8:10am
Quoting BillYon
This one started yesterday and made it through the overnight storm plus 17% gain in a day and a half. No max DD set "hedged" Broker Global Prime 1.1 Trend 10 TP 5 lot 0.01 multi 1.5 autostep false autostep init True step 2 1.0 Community trend false trend 10 lot 0.01 multi 1.5 step 2 tp 5 {image}
Excuse my ignorance but what do the AutoStep and AutoInitialStep functions do? What effect does setting either to False have?
  • #2,109
  • Mar 13, 2015 8:19am Mar 13, 2015 8:19am
Quoting Deltraderboy
{quote} Excuse my ignorance but what do the AutoStep and AutoInitialStep functions do? What effect does setting either to False have?

http://www.forexfactory.com/showthre...02#post7984202
Solutions ONLY!!!
  • #2,110
  • Mar 13, 2015 8:25am Mar 13, 2015 8:25am
Quoting bodring
Hi everyone. I am getting "EURUSDMGTCE: Can't trade on real account. Please update your version." I am using version 1.1. What might be the cause?
Does it mess your trading ?
Spyderman had the same issue i think, but it didn't interfere with his trading.
  • #2,111
  • Mar 13, 2015 8:50am Mar 13, 2015 8:50am
Quoting toinou21
{quote} Does it mess your trading ? Spyderman had the same issue i think, but it didn't interfere with his trading.
This is just a guess but here is my take in this issue. What I think is happening is that it is looking for the trend and it can't find it probably because some server is not answering and I think it's gt's server and that is because you will notice that as the trend stops working you will also get a message on all live accounts saying that you aren't allowed to trade on live accounts. This is most likely because his server requires authorization for all live accounts which is why I think it's his serve that gives out the trend. Once his server comes back everything starts to work. So what I do is wait. It usually works within 5 minutes. You could lose a lot of money in 5 minutes though.
  • #2,112
  • Mar 13, 2015 9:40am Mar 13, 2015 9:40am
I am deleting my super high risk with only 25% dd. It seems this is just not enough. It is now down 48% and has been hit 3 times this week. I am also considering deleting the one with the same risk with 30% max dd but I will wait till next week. That one is down 30%. The 40% max dd looks bad but it hasn't reached max dd so it may come back. On the good side, my 2 lower risk demos (but still high risk) with dd of 20% and 30% are both doing ok. They were both hit for max dd earlier this week but are both in the green now. I am considering another one with the same risk settings (0.01 per 1k) with a dd of 50% but we will see. Also, I changed my other ea with completely different settings to 50 pip span, 2.0 mult(was 3.0), and max dd of 50%. This is the only demo with a 50% dd.

50% is a big dd and to be honest I have no problem with it if it were profitable over time but the problem with such a high number is that after the loss you need a 100% profit to get back. For a 20% loss you now need only 25% to get back. This reality is why a lot of big players will try to reduce their risk as much as possible but of course there is always a balance because reduced risk always means reduced profit.
  • #2,113
  • Mar 13, 2015 9:56am Mar 13, 2015 9:56am
I am interested in trading and strategies. I know that most of the strategies can be used in a good way the same as this one. As I mentioned, the killer of the profit is the change of the trend because "Current trend" is lagging. Today I closed all positions because I was scared to lose more, I closed almost at break even. I wasn't patient enough because later on the price reached the target. Here are some stats of my real trading this week on live account and also from live cent account without any intervention. As you can see price came back and hit the target on cent account . But as we remember the last day of February price didn't come back when trend changed. So the issue remains, how to manage trades when trend changes. I was thinking to use daily chart with HA and look for UP or DOWN candles and set the EA according to them, but it is just my thought.

Regardsm
GK
Attached File(s)
File Type: pdf GK FXPRO Financial Services Ltd.pdf   646 KB | 407 downloads
File Type: pdf GK RoboTrade Ltd.pdf   953 KB | 653 downloads
  • #2,114
  • Mar 13, 2015 10:25am Mar 13, 2015 10:25am
Quoting GKarl
I am interested in trading and strategies. I know that most of the strategies can be used in a good way the same as this one. As I mentioned, the killer of the profit is the change of the trend because "Current trend" is lagging. Today I closed all positions because I was scared to lose more, I closed almost at break even. I wasn't patient enough because later on the price reached the target. Here are some stats of my real trading this week on live account and also from live cent account without any intervention. As you can see price came back and...
I believe I am in the minority here but I believe the road we have gone down with max dd is really the only way. This is because as you said, sometimes it will never come back. With that being said, all of mine that I have let run have eventually come back as long as the lot size was small enough. The reason I believe in this way is because the ea makes a lot of money until a major move in the wrong direction and before that move it usually doesn't have a lot of drawdown. I have 2 demos with 0.01 per 1k on my profile that had max dd of 20 and 30 % but they have all made enough since then to be back above break even and even profitable for the week. I have a real cent account that also got hit at 20% max dd but 30% would have been enough for it to come back. The lot size on that account is 0.01 per 2500 and it is at 20% profit aver 10 days. I think the principle is right but it needs to be fine tuned for profit and for the trader's risk tolerance. Maybe I will post the cent account statement next week. For now I have to go. Have a good weekend guys.
  • #2,115
  • Mar 13, 2015 11:11am Mar 13, 2015 11:11am
This week

Max 20% hit 3 times and smashed my 61% gain last week. Removed the DD filter and brought the account to +2% for the month so far (+15% gain today )

Another account without using max DD and made 24% for the week using the hedge strategy with Initial step true, multi 1.5, step 2, tp 5

Blew up an account using Arbinka's set with max DD 20% (the setting is good I just had my day in court and was given the death penalty)

A mixed EA account grew 11% then took a hit on the week's big news. Closing the week at 3.7% gain. Still 2 open trades so will see. Mixed Matrix grid with SSBO.

All 0.01 per 5000 USD.


Will continue forward with a max 50% DD and roll with that.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: week stats.jpg Size: 287 KB
Click to Enlarge Name: rossmatrix 3.jpg Size: 631 KB
Solutions ONLY!!!
  • #2,116
  • Mar 13, 2015 11:23am Mar 13, 2015 11:23am
Thanks BillYon. I have have had an Undesired Reaction to the MultiLotsFactor_TrendChange setting - I had it set to 2.0 on EURUSD and with 5 trades open at 0.02 the trend changed. I was expecting new trades to open at 2 x 0.02 = 0.04 but instead it opened one trade at 0.64 and another at 1.28! Thankfully at this point there was a pullback sufficient to close out all positions but at a profit and not at break-even as I thought it is supposed to do. The risk was way greater than I was anticipating so am I misinterpreting this function or am I doing something else wrong?
  • #2,117
  • Mar 13, 2015 11:39am Mar 13, 2015 11:39am
Quoting Deltraderboy
Thanks BillYon. I have have had an Undesired Reaction to the MultiLotsFactor_TrendChange setting - I had it set to 2.0 on EURUSD and with 5 trades open at 0.02 the trend changed. I was expecting new trades to open at 2 x 0.02 = 0.04 but instead it opened one trade at 0.64 and another at 1.28! Thankfully at this point there was a pullback sufficient to close out all positions but at a profit and not at break-even as I thought it is supposed to do. The risk was way greater than I was anticipating so am I misinterpreting this function or am I doing...
Undesired reaction... I'm sure...

Trend change does not change the direction of new position if you already have open trades counter the new trend. You will continue building positions in the direction of the open trades until the grid closes. Take time this weekend and read through the thread. This addressed this many many times...
Solutions ONLY!!!
  • #2,118
  • Mar 13, 2015 11:54am Mar 13, 2015 11:54am
Quoting arbinka
After huge DD (about 30%) we have nice recovery... {image}
Hi Arbinka

I noticed that you increased the lot size from 0.8 to 1.2, and this against of the percentage that you followed before during last month testing. if you allow me, i advice you to follow the same increase percentage which is 0.1 for 3000 and 1.0 lot for 30,000.

i spent long time to study the last month results and i noticed that if you increase the lot to 1.2 for 30,000 may be more risky than before.

Best regards.
  • #2,119
  • Edited 12:15pm Mar 13, 2015 12:00pm | Edited 12:15pm
Quoting BillYon
This week Max 20% hit 3 times and smashed my 61% gain last week. Removed the DD filter and brought the account to +2% for the month so far (+15% gain today ) Another account without using max DD and made 24% for the week using the hedge strategy with Initial step true, multi 1.5, step 2, tp 5 Blew up an account using Arbinka's set with max DD 20% (the setting is good I just had my day in court and was given the death penalty) A mixed EA account grew 11% then took a hit on the week's big news. Closing the week at 3.7% gain. Still 2 open trades so...
Hi BillYon,

are you using full hedging for 1.0 and 1.1 (all the time) or just starting CE 1.0 for hedging during the high DD?

i started a testing this week with full hedging between 1.1 and 1.0 but i noticed that the large DD is coming from CE 1.0 not 1.1

Best regards.
  • #2,120
  • Mar 13, 2015 12:09pm Mar 13, 2015 12:09pm
Quoting htawfik
{quote} Hi BillYon, are you using full hedging for 1.0 and 1.1 (all the time) or just starting CE 1.0 for hedging during the high DD? i started a testing this week with full hedging between 1.1 and 1.0 but i noticed that the large DD is coming from CE 1.0 not 1.0 Best regards.

Yes all the time . Still trying to workout some trend change actions. Large DD not a problem unless they are hitting max risk. Right now looking at 50% max. 20% was too close and easily hit.
Solutions ONLY!!!
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