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Trapping System: Grid

  • #121
  • Jun 3, 2015 1:03pm Jun 3, 2015 1:03pm
Quoting radityo.ardi
{quote} SGT (Singapore Time).
Thanks!
  • #122
  • Jun 4, 2015 2:22am Jun 4, 2015 2:22am
Quoting radityo.ardi
{quote} Simple thing to say is, Let us say your threshold is 50 points (5 pips for 5 digit). Which means, threshold price (this ia a new term) is calculated from the outer orders (both upper and lower section) shrinked by 50 points. If the current price is outside of these threshold price boundaries, then EA will recreate (add new additional orders) on the outer grid. Which means that for STOP orders will prevent such scenario, whereby all pending orders are changed to open orders, you'll have another pending orders recreated for you.
Hi radityo,
thx for your explanation, so in my understanding is:
let's say my last sell pending order is located at -100 points from current price.
and i set threshold 30 points. so the last border is at -70 points?
if it hit -70points then new order recreated start at that -70 points as starting position?

pls see pic below to make it clear...
am i got it right?

Attached Image
  • #123
  • Jun 4, 2015 6:52am Jun 4, 2015 6:52am
Quoting slianto
{quote} Hi radityo, thx for your explanation, so in my understanding is: let's say my last sell pending order is located at -100 points from current price. and i set threshold 30 points. so the last border is at -70 points? if it hit -70points then new order recreated start at that -70 points as starting position? pls see pic below to make it clear... am i got it right? {image}
You are almost correct. Please see picture below.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB


Yellow: current middle price when the cycle was started.
Green: Pending Orders that are opened now due to the moving price.
Black: Pending Orders that are not touched.
Upper is 100 and -100.
Once it passes 70 up or -70 down, which means your Recreation Threshold setting is 30, it will add new pending orders but keeping the old one open.
Red: added pending orders.

If let's say after re-creation of the orders is done, and the upper is now 150 and -150. And price passes 120 up or -120 down, it will add new pending orders again, so on and so forth.
This cycle will stop when the profit has reached, or some other condition based on Close Type.
If you ask me to code/fix your EA... it's probably not for free...
  • #124
  • Jun 4, 2015 7:25am Jun 4, 2015 7:25am
If you want to start in Live Account later on, please beware of this thing like in picture below.
Attached Image


see in red circle?
each order was not opened at the requested price when setting up pending order. This gap due to the broker can't open order with the requested price since the price is already moving far from the requested price. That's why there's term called Slippage.

It can be bad, or it can be good, depends on whatever strategy you use. But to me, it is like bitter sweet.

In Demo Account, of course this 100% confirmed will never happen.
http://www.terraseeds.com/blog/2013/...a-good-broker/
If you ask me to code/fix your EA... it's probably not for free...
  • #125
  • Jun 4, 2015 8:25am Jun 4, 2015 8:25am
Another backtest result, but I got no ammo to test (no more VPS memory left).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB


Just backtested a few minutes ago, from 01 Jan 2015 till 31 Jan 2015 (1 month only).
Attached Image
If you ask me to code/fix your EA... it's probably not for free...
  • #126
  • Jun 4, 2015 8:45am Jun 4, 2015 8:45am
Quoting radityo.ardi
If you want to start in Live Account later on, please beware of this thing like in picture below. {image} see in red circle? each order was not opened at the requested price when setting up pending order. This gap due to the broker can't open order with the requested price since the price is already moving far from the requested price. That's why there's term called Slippage. It can be bad, or it can be good, depends on whatever strategy you use. But to me, it is like bitter sweet. In Demo Account, of course this 100% confirmed will never happen....
Hello,
I do not understand the difference, or better convenience to insert new orders with the method by Recreation Dynamic Threshold. in any case we will have orders added as in the case of the method Recreation (same conditions but with different method). What is the difference of the different methods?
Excuse my jam
greetings
  • #127
  • Jun 4, 2015 10:21am Jun 4, 2015 10:21am
Quoting radityo.ardi
{quote} You are almost correct. Please see picture below. {image} Yellow: current middle price when the cycle was started. Green: Pending Orders that are opened now due to the moving price. Black: Pending Orders that are not touched. Upper is 100 and -100. Once it passes 70 up or -70 down, which means your Recreation Threshold setting is 30, it will add new pending orders but keeping the old one open. Red: added pending orders. If let's say after re-creation of the orders is done, and the upper is now 150 and -150. And price passes 120 up or -120...
Hi Radityo,
thx for the further explanation! I got it now..
but i have a question. so when It hit -70 points it will recreate orders right?
I assume it will create order as much as described at "RecreationCountPerSide" so if this value set at 20 then it will recreate another 20 pending orders start from -100?
  • #128
  • Jun 4, 2015 10:23am Jun 4, 2015 10:23am
Quoting radityo.ardi
Another backtest result, but I got no ammo to test (no more VPS memory left). {image} Just backtested a few minutes ago, from 01 Jan 2015 till 31 Jan 2015 (1 month only). {image}
I will help you bro.
I iwll remove my GTS1000 (since it's not so productive) and let this setting run on demo forward test.
I assume that time setting based at SG time, so i will -1 to adapt my GMT+7
oh and that fixed 0.2 lot run with how much starting balance? i will adapt the risk too

also I will try to run GT500 too.

cheers
  • #129
  • Jun 4, 2015 1:56pm Jun 4, 2015 1:56pm
Quoting slianto
{quote} I will help you bro. I iwll remove my GTS1000 (since it's not so productive) and let this setting run on demo forward test. I assume that time setting based at SG time, so i will -1 to adapt my GMT+7 oh and that fixed 0.2 lot run with how much starting balance? i will adapt the risk too also I will try to run GT500 too. cheers
GT1000 is for $1000 starting balance. GT 500 is for 500 starting balance.
If you ask me to code/fix your EA... it's probably not for free...
  • #130
  • Jun 4, 2015 9:45pm Jun 4, 2015 9:45pm
Quoting Encorep202
{quote} Hello, I do not understand the difference, or better convenience to insert new orders with the method by Recreation Dynamic Threshold. in any case we will have orders added as in the case of the method Recreation (same conditions but with different method). What is the difference of the different methods? Excuse my jam greetings
orders added at the outer line, this is to make sure the favour is always on your side. This will help in case of STOP orders, all of your orders are opened. In this case, you'll be loss technically, and cycle never close. Both side are even, nothing is in your favour except loss. To revert back to win, we have to add some more pending orders, adding the grid out.
If you ask me to code/fix your EA... it's probably not for free...
  • #131
  • Jun 5, 2015 6:55pm Jun 5, 2015 6:55pm
Quoting radityo.ardi
{quote} GT1000 is for $1000 starting balance. GT 500 is for 500 starting balance.
Okay. One more thing.What about TP? If it set 10 it means 10$? Because i got random TP like 1$ 3$ 10$ 8$ 20$ 14$ etc.If TP based on $ then it is also depends on lot size beside the distance (pips/points)?And what about it cut the losses/close loss trades?when the trades closes?I cant figure the pattern..Thanks
  • #132
  • Jun 5, 2015 7:05pm Jun 5, 2015 7:05pm
Hello, radityo ! Thanks for sharing your EA ! Can you please tell us, what are the settings for the GT500 account ?
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #133
  • Edited Jun 6, 2015 12:04am Jun 5, 2015 11:38pm | Edited Jun 6, 2015 12:04am
Quoting Cornelius
Hello, radityo ! Thanks for sharing your EA ! Can you please tell us, what are the settings for the GT500 account ?
look at this post...
http://www.forexfactory.com/showthre...13#post8302513

Note that GT500 is quite risky and reaching the dangerous level when I did backtest.
Please do this measurement: for demo, use GT500. For live account, please make it half setting from GT500 for lot size and target.

Always try to do that measurement (and don't be greedy).
If you ask me to code/fix your EA... it's probably not for free...
  • #134
  • Jun 5, 2015 11:54pm Jun 5, 2015 11:54pm
Quoting slianto
{quote} Okay. One more thing.What about TP? If it set 10 it means 10$? Because i got random TP like 1$ 3$ 10$ 8$ 20$ 14$ etc.If TP based on $ then it is also depends on lot size beside the distance (pips/points)?And what about it cut the losses/close loss trades?when the trades closes?I cant figure the pattern..Thanks
For TP that is random, it is something that I cannot do. The reason is that you are doing grid, multiple orders, and market volatility sometimes is very high. Just think about it, if you open 100 pending orders, 10 of them opened, and you got profit $10. The moment we close the orders because total profit is reaching $10 (we can only close 1 order at a time), price is moving like crazy. Closing 1 order for tickmill, it requires 0.8 seconds to 1.5 seconds from my VPS. Take 1 second each, you'll end up in 100 seconds for closing 100 orders. It can goes up, or down during closure of all orders. This what makes the profit never be fixed at $10.

To fix this, it depends on your VPS / PC location and the nearest broker's server. For Tickmill, the broker location is in London (for all demo account and Live account), and later I know that they also have server in Hongkong. Try to rent VPS nearer to that location (if you feel VPS is cheap, you can find around $10/mo actually). And another thing, try to find broker with less market execution time. Tickmill is having 0.3 seconds (that is what they advertised), but again practically for demo it goes around 1 second - 1.5 second in actual scenario, or maybe less in live account.

On the other hand, lot size is also key factor to get fast or slow closure. Means that if you set lot size too low, and target too high, it may be quite hard to close 1 cycle. If lot size too high and target too low, it will be easy to close 1 cycle but you'll face 1 issue over here. Since the actual profit can be variable, you may end up in minus profit (technically it is loss) or profit is too high from the TP during high volatility.

I can't understand your point about cut losses / close loss trades. But I suppose, you are using this setting "Right in start point or Target Based" together with STOP orders. Actually this is not cut loss, this is more of the mechanism for LIMIT orders. If you apply it to STOP orders, it does seems like cut loss. The idea is, I want to close the order the moment it touches middle point when I'm implementing LIMIT orders. So 1 cycle will be quicker to close and though closing faster, it will be still profit. And of course, that scenario is for LIMIT orders only.



** don't get me wrong, I'm not the salesperson of that broker.... hahahaha.... I can only find one good broker here in terms of market execution and slippage. If you find the others, please also share it here....
If you ask me to code/fix your EA... it's probably not for free...
  • #135
  • Jun 6, 2015 2:53am Jun 6, 2015 2:53am
Quoting radityo.ardi
{quote} For TP that is random, it is something that I cannot do. The reason is that you are doing grid, multiple orders, and market volatility sometimes is very high. Just think about it, if you open 100 pending orders, 10 of them opened, and you got profit $10. The moment we close the orders because total profit is reaching $10 (we can only close 1 order at a time), price is moving like crazy. Closing 1 order for tickmill, it requires 0.8 seconds to 1.5 seconds from my VPS. Take 1 second each, you'll end up in 100 seconds for closing 100 orders....
I tried GT500 using GBP/JPY, in one day, my demo account equity is reduced to -66 from 1000. It is too risky. Be careful if you want to try it on live account.
  • #136
  • Jun 6, 2015 3:11am Jun 6, 2015 3:11am
Quoting radityo.ardi
{quote} look at this post... http://www.forexfactory.com/showthre...13#post8302513 Note that GT500 is quite risky and reaching the dangerous level when I did backtest. Please do this measurement: for demo, use GT500. For live account, please make it half setting from GT500 for lot size and target. Always try to do that measurement (and don't be greedy).
Thank you ! Regarding the risk, in fact I was thinking at 1/4 of 0.01 lots for every 500 USD. Trading cent-accounts, perhaps.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #137
  • Jun 6, 2015 9:25am Jun 6, 2015 9:25am
Quoting mozhixing
{quote} I tried GT500 using GBP/JPY, in one day, my demo account equity is reduced to -66 from 1000. It is too risky. Be careful if you want to try it on live account.
Oh...just because GT500 is now having 700% over 70 days it doesn't mean you can apply it on other currencies.
Each currency pair has its own characteristics. You have to just find out what would be the best settings for the pair. For GBP/JPY, I think you may want to loosen up grid step from 75 to 100 or 125. And lower down the lotsize and target a little bit.
If you ask me to code/fix your EA... it's probably not for free...
  • #138
  • Jun 6, 2015 4:18pm Jun 6, 2015 4:18pm
Next useful TIPS:
if you want to avoid EA to create next cycle (or stop the next cycle to be recreated), you can create a Global Variable (Tools > Global Variables) by giving GTSTOP[UniqueID].
For example: my standard Unique ID is always set to 8888 by default (in Chinese, 8 means a good luck and endless fortune). If the time range is still valid, and you don't want EA to create the next cycle, create GTSTOP8888 variable, and set the value to 1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB
If you ask me to code/fix your EA... it's probably not for free...
  • #139
  • Jun 6, 2015 5:59pm Jun 6, 2015 5:59pm
I've just done "working" on this EA again. A couple enhancements, related to closure of orders after the stop time has passed. "What should we do?" and "What should we do when there's remaining pending orders, stop time has passed, but none of them is in open position?" questions rolled in my mind.

Now I did a few changes like this:
Attached Image


On a backtest, it was remarkable! I can clearly set my bar high when using LIMIT orders at certain times. Most of the times, LIMIT orders on a sleep time wasn't move enough. When the stop time has passed, pending order kept open, and it can touch into riskier state. As the time passes by and moving to the opening of London time, price is getting shaky and LIMIT orders are in at stake in this state. But if we close all pending orders during Stop Time + 30 seconds, I thought it'll be great help for me to avoid losses. But did a backtest many times, it was awesome!!!

Here is my settings:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB

At target $80, don't be shocked if I say the starting balance is only $1000.
Before implementing this enhancements, I can't set target $80, max is only $10 due to the same case like above scenario. More riskier, then it was always gone to Stop Out. But this thing is awesome! Here's the result:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 28 KB

$1400+ profit (140%) in 2 months just from 1 Jan 2014 - 28 June 2014.

How if I set the bar more high??
I set target to $160 and starting lot at 1.6 with the others having the exact same setting.
Attached Image

DAMN! $2324 profit, which means 232% from initial balance for the same date range.

More high please....
I'll set target to $320 and starting lot at 3.2, again, the others are same settings with $1000 starting balance.
Attached Image

Hmm.... can't understand why the profit not so much...

Try mid of $160 and $320, $240, with starting lot at 2.4.
Attached Image

...
If you ask me to code/fix your EA... it's probably not for free...
  • #140
  • Jun 6, 2015 10:42pm Jun 6, 2015 10:42pm
About my old enemy, SLIPPAGE...
I was browsing through FF a few hours ago. It is said that live account commonly has this "ability", and this is the nature of pending orders.

For STOP orders, it will act like your enemy. It will be like negative slippage. For Limit orders, it will be like otherwise. Dunno if this true...
If you ask me to code/fix your EA... it's probably not for free...
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