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Max Draw Down EA from Matrix Grid Thread 22 replies

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Matrix Grid Trading Community Edition

Hi
I can not see the video
Please help
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what is the MGT CE 1.x version? is it equal to MGT CE 1.1???
Quoting Talvinen
My suggestions for EA improvement: - Add the ability to use 2 EAs on one chart. - Optional closing without profit in countertrend (it is obligatory now). - Optional closing of all trades immediately if trend has changed. Not sure if this would be profitable, some testing is needed. - MinimumStep. In period of low volatility AutoStep can be too small, in such cases it is perhaps better to open new orders with some minimal step (15-20 pips). - Fix the bug: sometimes trend changes to unknown and EA gives false error alert that current version is old....
I have thought about another approach: some sort of mean reversion strategy. So here is one more suggestion that can help to manage huge drawdowns:

-Optional suspension of opening new orders if trend has changed (continuation of opening new orders when trend has changed back to initial). Example: look at the attached to this thread trade explorer. Drawdown is now ~48%, mainly because of eur/usd. First EU order was opened at ~1.1360, then as far as i remember at ~1.1250 trend has changed to DOWN. Only at ~1.0600 trend has changed back to UP. If EA skipped this 600 pips countertrend movement, DD would be only ~5-8%.

With this option and appropriate mm EA could handle thousands of pips drawdown. But second EA should be also used while first EA is in drawdown, otherwise profit will be meager. Of course, testing is required to determine optimal money management and whether profit is not too small.
Quoting Talvinen
{quote} I have thought about another approach: some sort of mean reversion strategy. So here is one more suggestion that can help to manage huge drawdowns: -Optional suspension of opening new orders if trend has changed (continuation of opening new orders when trend has changed back to initial). Example: look at the attached to this thread trade explorer. Drawdown is now ~48%, mainly because of eur/usd. First EU order was opened at ~1.1360, then as far as i remember at ~1.1250 trend has changed to DOWN. Only at ~1.0600 trend has changed back to...

I suggested this and I saw later responded to with "sound familiar" but with no explanation. Anyways, the idea was this. If the trend changes from long to short, the ea would open a hedge and just trade the short side until the trend changed back.

http://www.forexfactory.com/showthre...16#post8108116
Quoting fxtrader1081
{quote} I suggested this and I saw later responded to with "sound familiar" but with no explanation. Anyways, the idea was this. If the trend changes from long to short, the ea would open a hedge and just trade the short side until the trend changed back. http://www.forexfactory.com/showthre...16#post8108116

Go way back to Jan 7th where it was first mentioned. I always advised people to read the complete thread, as many ideas were presented, later discussed and implemented.

http://www.forexfactory.com/showthre...7#post7978917v

http://www.forexfactory.com/showthre...78#post7993178

http://www.forexfactory.com/showthre...98#post7994198

http://www.forexfactory.com/showthre...00#post7995700

http://www.forexfactory.com/showthre...12#post8066212

http://www.forexfactory.com/showthre...26#post8046626

http://www.forexfactory.com/showthre...84#post8096884


Solutions ONLY!!!
Hello all ,

Can someone tell me where i can download this EA ?
There is nothing on the first page .

Thanks in advance.
Quoting enkiii
Hello all , Can someone tell me where i can download this EA ? There is nothing on the first page . Thanks in advance.

Seems a new and improved version is on the way so stick around...

1.1 no longer available for download from the first post.
Solutions ONLY!!!
Quoting BillYon
{quote} Seems a new and improved version is on the way so stick around... 1.1 no longer available for download from the first post.
I am curious what it will bring us..
Quoting fxtrader1081
{quote} I suggested this and I saw later responded to with "sound familiar" but with no explanation. Anyways, the idea was this. If the trend changes from long to short, the ea would open a hedge and just trade the short side until the trend changed back. http://www.forexfactory.com/showthre...16#post8108116
It is not quite the same, what i suggest is just not open new orders in countertrend and wait, without hedging. Just use second EA that will open new orders according to new trend (not hedging in traditional meaning).

If you use hedges, in DOWN trend you can open short hedge order, for example, but then trend can change back to UP and continue without big retracements. Your hedge order will hang, without any dynamic TP you will be forced to wait months or years to close it in b/e or close it with a loss eventually.
Without hedges you still should wait but at least you have dynamic TP and could close orders sooner.

Of course, with hedging you can also make profit in some cases. As for now i can not say for sure which method is more profitable in the long run.
Up 20% since market open yesterday on my 50% Max DD account...Closing it down for the rest of the day. Beautiful start of the week
Up 3% today on my more small account with auto initial step true also 50% max DD...Closing it down as well

Realistically I would be pulling profits at 50% gain and continuing with initial investment
Solutions ONLY!!!
Quoting BillYon
Up 20% since market open yesterday on my 50% Max DD account...Closing it down for the rest of the day. Beautiful start of the week Up 3% today on my more small account with auto initial step true also 50% max DD...Closing it down as well Realistically I would be pulling profits at 50% gain and continuing with initial investment
That is a sound strategy, well played .

This is how I would hedge - activates 5 levels in, a small stop trails it to BE and looks to take profit almost at the top(or bottom) of the level. Once the TP is activated, your account balance increases, thus reduces %DD. If it pushes back before the TP, hit BE and hedge stops at no loss. If it takes the TP and hits level 6, hedge starts again with a small trail just like before, rinse repeat. Not a perfect solution, but hey.
Also, If the initial basked has many positions, one can assume that a trend shift has occurred. (lets say 8),EA at that point it should look to BE, and not to look for target...this EA is already doing that IMO. What I would try is to help him get there by playing with the hedge multi to try to create a BE faster.

P.S. Many have written about solutions, theories, ideas. I have read most posts here but not all in great detail. If something like this had been posted by anyone, my sincerest apologies.

Edit-levels 6 and 7 may be too deep for 1min TF. I was playing with higher TFs.

Best, Josh
Quoting JoshuaHope
{quote} That is a sound strategy, well played . This is how I would hedge - activates 5 levels in, a small stop trails it to BE and looks to take profit almost at the top(or bottom) of the level. Once the TP is activated, your account balance increases, thus reduces %DD. If it pushes back before the TP, hit BE and hedge stops at no loss. If it takes the TP and hits level 6, hedge starts again with a small trail just like before, rinse repeat. Not a perfect solution, but hey. Also, If the initial basked has many positions, one can assume...

Hi,JoshuaHope. Some questions,may you explain?
You said,"activates 5 levels in",mean step 5 ? or 5 orders?
" a small stop trails it to BE",what's your suggest trailing step?
"hit BE and hedge stops at no loss", " If it takes the TP and hits level 6, hedge starts again",hedge means orders opposite trend?

Thanks.
Alyle
Up 39.3% for the week on my 50% Max DD account...Closing it down for the rest of the day.
Up 9.8% today on my more small account with auto initial step true also 50% max DD...Closing it down as well.

Trading all majors.

Solutions ONLY!!!
Testing a 100 dollar account size. So far looking promising. I'll bring it up next week.
Solutions ONLY!!!
Quoting Alyle
{quote} Hi,JoshuaHope. Some questions,may you explain? You said,"activates 5 levels in",mean step 5 ? or 5 orders? " a small stop trails it to BE",what's your suggest trailing step? "hit BE and hedge stops at no loss", " If it takes the TP and hits level 6, hedge starts again",hedge means orders opposite trend? Thanks.
You can tie in hedge start to % of DD, or you could tie it in to the levels(step). For instance, you have 2 trades open in a uptrend and there is a shift in trend, you start seeing a downtrend and the EA makes a new buy at each step, waiting for a reverse. Now when it hits a specified step(lets say 5), a sell order(hedge) would trigger with a trailing stop. ( considering its a 1 min chart, you would have to work out a reasonable trail, and also consider the multiplier of the hedge ) In blessing, i have been playing with the option to open the exact total number of buy lots( maybe too sharp if it reverses and hits your trail). - but the thing is that it keeps your DD in absolute balance.
So, once the hedge triggers the hedge trail comes only to hedge break even point ( where it started), and you have a target defined at the end of the current step.
Two outcomes, hedge goes to target, increases your balance, reducing your%DD, or it swing back, takes out BE. - original trades back in play. If it goes to level 6, the process starts again. The multi has to be considered, because what could be done is have the first two steps to be corrective in nature as described, but the 3rd one to be 1.5X your total buy orders so that the EA would have a chance to break even all trades and then trade in the current direction. I hope this makes sense, its just an idea, not perfect,it has some holes,all numbers are relative, just brainstorming. lol

Best, Josh
Quoting BillYon
Testing a 100 dollar account size. So far looking promising. I'll bring it up next week.
Well done BillYon. Look forward to your small account. I'm getting ready to start one up as well.
Hi
Why can not I see the video mentioned in the topic?
Does anyone have this problem?
Quoting Hossein1
Hi Why can not I see the video mentioned in the topic? Does anyone have this problem?
What video?
Solutions ONLY!!!
Quoting BillYon
{quote} What video?
I am guessing the videos that GT posted when 1.1 was released. They work fine. Josh
U guyz are trading with the high impact news? but the very high impact, like Nonfarm, employments, cpi qq gdp qq etc..?
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