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Trapping System: Grid

  • #541
  • Jun 28, 2015 4:16pm Jun 28, 2015 4:16pm
Quoting KGP
{quote} just noticed that all brokers due to greece are either sending email warnings , reducing eurusd leverage or both...all regarding the weekend volatility...so i am taking advantage of it and i have "reset" the demos i had shown above and hopefully will have some better insight to prove regarding friday to monday weekend extreme case gaps and how they affect the system on various brokers (also i am going to see regarding the recreationals...i havent touched the setting and dont plan to until the "end" ...to see whats the case)

guys as mentioned before... already one blown account (waiting for admiral demo for their market to work... to see whats the case there)....

and a few making a hell of a money (due to have sells open)...

so as i said once you use this EA on a live account you are advised on FRIDAYS to stop the cycles at least before 2100 CET in order to be as much as possible sure to have the cycle completed!!!
  • #542
  • Jun 28, 2015 5:53pm Jun 28, 2015 5:53pm
1 out of 2 admirals demos nearly blown...

good lesson for everyone to learn out of this....even on demo ... so you dont get burned on a real account
  • #543
  • Jun 28, 2015 6:34pm Jun 28, 2015 6:34pm
Do you think these settings are fine? Is there a better one?
Attached Image
A good strategy for trading is... the opposite of having a bad strategy.
  • #544
  • Jun 28, 2015 7:36pm Jun 28, 2015 7:36pm
How many of you were damaged for Euro down?
  • #545
  • Jun 28, 2015 7:48pm Jun 28, 2015 7:48pm
Quoting Trading88
How many of you were damaged for Euro down?
1 out of six demos totally blown... and another one at ER (single digit balance) at the moment trying to recover....
  • #546
  • Jun 28, 2015 9:10pm Jun 28, 2015 9:10pm
Quoting Trading88
How many of you were damaged for Euro down?
my GT1000 here....
I just want to see how's the effect. I did receive an email regarding the Monday's gap. But just wanna see how far is the gap. My GT500 ended with 2000% profit of all time. While my GT1000 is blown with $576 equity left.

Yes, I think it is worth to look for the news for this unpredictable events. If you are on STOP orders, most likely this will not get any impact to you. But for LIMIT, beware...

Quoting PowerTrade
Do you think these settings are fine? Is there a better one? {image}
Well, that depends on the other settings, and the starting balance you used.
If you ask me to code/fix your EA... it's probably not for free...
  • #547
  • Jun 28, 2015 9:18pm Jun 28, 2015 9:18pm
ah so it was the gap that trigger entries.

my vps demo also got trigger a few entries, with profit...i think i'm on stop order.

funny thing is my vps was shut down over the weekend, yet entries was triggered.

same with local pc demo, even the mt4 was shut down, entries still triggered upon restart mt4.

wonder how true is this on live account? will entries be triggered when ur mt4 is not running even though u have pending orders which the price crossed?
  • #548
  • Jun 28, 2015 9:31pm Jun 28, 2015 9:31pm
Can I use this EA on two pairs at the same time in the same MT4?
A good strategy for trading is... the opposite of having a bad strategy.
  • #549
  • Jun 28, 2015 10:56pm Jun 28, 2015 10:56pm
Quoting PowerTrade
Can I use this EA on two pairs at the same time in the same MT4?


yes ,i am using it on 2 pair now and is working fine ,you just need to change the magic no
  • #550
  • Jun 28, 2015 10:59pm Jun 28, 2015 10:59pm
Quoting smartearn
{quote} yes ,i am using it on 2 pair now and is working fine ,you just need to change the magic no
Thanks, but to which number?
A good strategy for trading is... the opposite of having a bad strategy.
  • #551
  • Jun 28, 2015 11:05pm Jun 28, 2015 11:05pm
Quoting PowerTrade
{quote} Thanks, but to which number?
The EA is set to 8888 number by default.
You can change it as: 8888 for the first EA you run, and 8881 for the second EA. Basically the number is up to you, as long as it is different.
If you ask me to code/fix your EA... it's probably not for free...
  • #552
  • Jun 28, 2015 11:10pm Jun 28, 2015 11:10pm
Quoting radityo.ardi
{quote} The EA is set to 8888 number by default. You can change it as: 8888 for the first EA you run, and 8881 for the second EA. Basically the number is up to you, as long as it is different.
Thanks.
A good strategy for trading is... the opposite of having a bad strategy.
  • #553
  • Jun 29, 2015 1:27am Jun 29, 2015 1:27am
Out of curiosity, does gaps really trigger pending orders in live accounts? The pending orders are not 'hit' as such for them to be executed. Since its demo, i presume the orders would be opened but otherwise, would they be triggered?

GT1000REBOOT suffering heavy drawdowns Radityo, how come yours is intact? :S I am following the exact same settings as you are for the original GT1000REBOOT including trade times. You had turned the EA off on friday is it?

Zz
  • #554
  • Jun 29, 2015 2:26am Jun 29, 2015 2:26am
Quoting hishamzz
Out of curiosity, does gaps really trigger pending orders in live accounts? The pending orders are not 'hit' as such for them to be executed. Since its demo, i presume the orders would be opened but otherwise, would they be triggered? GT1000REBOOT suffering heavy drawdowns Radityo, how come yours is intact? :S I am following the exact same settings as you are for the original GT1000REBOOT including trade times. You had turned the EA off on friday is it? Zz
Trust me, that is something that I want to know as well.
I didn't turn it off, kept it online. Last closed trade was on Jun 27, 2015 4:54 Singapore Time.
No idea why it didn't create any orders for the next cycle.

Gaps will trigger pending orders. But since you have gaps over there and Market Execution is applied, the order that created in the middle of the gap will move further to the Monday's opened price. In case of Instant Execution, it will be canceled for requotes.
If you ask me to code/fix your EA... it's probably not for free...
  • #555
  • Jun 29, 2015 3:38am Jun 29, 2015 3:38am
Quoting radityo.ardi
{quote} Trust me, that is something that I want to know as well. I didn't turn it off, kept it online. Last closed trade was on Jun 27, 2015 4:54 Singapore Time. No idea why it didn't create any orders for the next cycle. Gaps will trigger pending orders. But since you have gaps over there and Market Execution is applied, the order that created in the middle of the gap will move further to the Monday's opened price. In case of Instant Execution, it will be canceled for requotes.
I don't know if this was asked before...but after a order is closed in profit..pending orders are recreated?
  • #556
  • Jun 29, 2015 3:52am Jun 29, 2015 3:52am
Quoting radityo.ardi
{quote} my GT1000 here.... I just want to see how's the effect. I did receive an email regarding the Monday's gap. But just wanna see how far is the gap. My GT500 ended with 2000% profit of all time. While my GT1000 is blown with $576 equity left. Yes, I think it is worth to look for the news for this unpredictable events. If you are on STOP orders, most likely this will not get any impact to you. But for LIMIT, beware... {quote} Well, that depends on the other settings, and the starting balance you used.

not to dampen anything or whatsoever...
but the orders triggered for GT500... its not realistic... in the event of an actual gap down like today, your orders more than likely won't be filled at the specified limit price, instead more likely be at the open price... and if that were the case, GT500 will most likely be having bigger drawdown and not profit.. and you will likely enter an extreme case of stuck trades..... hard to unravel due to the gap in between.

Demo has unlimited liquidity, so the price u specify gets triggered as is..... but live account has liquidity issues on gaps.... unless your broker guarantees the limit price....
  • #557
  • Jun 29, 2015 4:01am Jun 29, 2015 4:01am
hmm

i think this ea works for those without vps as the ea opens pending orders which will be executed when price reaches the level.

compared to other ea which may enter trade as certain condition is met, those will require vps to let the ea run 24/5 to not miss a signal to open trade.
  • #558
  • Jun 29, 2015 4:21am Jun 29, 2015 4:21am
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
how to minimize above trade profile portion to read thread on my tablet.
  • #559
  • Jun 29, 2015 5:37am Jun 29, 2015 5:37am
Quoting radityo.ardi
{quote} Trust me, that is something that I want to know as well. I didn't turn it off, kept it online. Last closed trade was on Jun 27, 2015 4:54 Singapore Time. No idea why it didn't create any orders for the next cycle. Gaps will trigger pending orders. But since you have gaps over there and Market Execution is applied, the order that created in the middle of the gap will move further to the Monday's opened price. In case of Instant Execution, it will be canceled for requotes.
Interesting. If that were the case then GT1000REBOOT would be in more profit (market execution that is). After a drawdown of almost 75%, the trades closed at a another 7% profit.

Zz
  • #560
  • Jun 29, 2015 6:16am Jun 29, 2015 6:16am
Quoting belgeran
{quote} not to dampen anything or whatsoever... but the orders triggered for GT500... its not realistic... in the event of an actual gap down like today, your orders more than likely won't be filled at the specified limit price, instead more likely be at the open price... and if that were the case, GT500 will most likely be having bigger drawdown and not profit.. and you will likely enter an extreme case of stuck trades..... hard to unravel due to the gap in between. Demo has unlimited liquidity, so the price u specify gets triggered as is........
It is not realistic indeed. How come the price is fulfilled at the specified price between the gaps?
So, this is something that we have to remember. But I think this won't harm you if you use STOP orders.
Attached Image

Above is my live account. The red circle is the orders that was happened before the gap and closed after the gap today with profit.

While below is my GT500. Looks ridiculous, because seems that the price is fulfilled between the gaps.
Attached Image

That is why I got so many profits far beyond my live profit.

Now if you use limit, then the grid will have gaps over there, and you'll be having problem over there. Not sure whether it will be recovered (since the price retracts back).
If you ask me to code/fix your EA... it's probably not for free...
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