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Trapping System: Grid

  • #641
  • Jul 3, 2015 7:47pm Jul 3, 2015 7:47pm
Quoting Jared77
Hi Rad! Just found this last night, and want to test it. Im just a beginner so may ask a lot of stupid questions. First one, which broker is best? Im in Australia, so a Cent account with this company looks good as they are Aussie regulated BUT Roboforex account on Cent seems to offer ZERO pips: They each have their set guidlines though, and limits - do either of them best suit your EA best do you think? Im going to try a demo BUT would love to start 2 accounts to test of around $200 real dollars in ASAP so need to be sure the best broker for small...

Well, I think I need to emphasize a few points down below before you start to use Live account.
In Tickmill.com Exchange we get all of these:

  1. 1:500 leverage
  2. 0.3 - 0.4 pips average spreads (do mark up this number a bit, they promised as low as 0.2 pips but reality could be different)
  3. Margin Call 100%
  4. Stop Out 30%
  5. Commissions applied
  6. Market Execution (it is instant execution on demo)

While in Roboforex.com Pro-Cent we get all of these:

  1. 1:1000 leverage (for MT4)
  2. I assume 0.5 - 0.6 pips average spreads (they promised floating 0.4 pips)
  3. Margin Call 40%
  4. Stop Out 10%
  5. No commissions
  6. Market Execution

I wouldn't say which one is best and suit for the EA. But if you start using this EA with this broker other than tickmill, you may want to do these:

  1. Test it on their demo account first.
  2. Observe their trading conditions (leverage, margin call, stop out, spreads, commissions, execution type, nearly almost all aspects), and compare with tickmill. Leverage, Margin Call and Stop Out I think those are the most important factors to compare, while spreads is another important measurement as well.
  3. Build your own settings for that broker considering the differences in trading conditions above. Of course I think you need to lower down the settings. Tickmill has very high measurement in their margin call and spreads.
  4. Of course apply to demo, just to sure for abt 1 - 3 months.
  5. When you've done / sure about your settings and want to apply on live, set it to a lower settings before applying on live.
  6. If you feel within 3 months after running live account the settings are OK, you can increase the settings gradually (IF YOU REALLY WANT IT).
  7. Enjoy your profit and don't forget to donate.


I know it is a hard long process, but I just want you to feel sure that you guys are on the right path. I don't responsible for the money you've lost for applying this EA (as stated in License), but I feel very sad if it really happen in future.

Apparently I don't have any experience with Roboforex, but wanted to try them for comparison. It doesn't matter what broker you are using, as long as it is trusted and reliable.

And I think those tips is not for Jared77 alone, but for all of you guys reading this thread.

If you ask me to code/fix your EA... it's probably not for free...
  • #642
  • Jul 4, 2015 6:36am Jul 4, 2015 6:36am
Hi all,
I put the EA on a 3000$ demo account 3 weeks ago (still using version 1.2 and didn't have problems).
Many and fast cycles, 0.3 lots to 10$ profit with commissions, grid steps 7 pips.
I experienced that with this settings you don't need to much moviment to close the cylces, So the key is in the timing.
Time is set from London Open -2 to London Close (I use New York session movement to try to close the cycle and stop for the day, I don't want to get stuck during Asia). On friday London Open -2 to London Close -2 (Try to avoid have a cycle open during the week-end to avoid gaps).
It's making profit constantly (more then 50% now), the DD is "acceptable".

Just try to stay in the grid less possible, avoid week-ends and big news days like NFP and withdraw the profit costantly.
Could this work on a real account? I'm thinking to give it a try with a small tickmill ecn account.
What do you all think? Any comment? I found on the web bad and good opinions about them, so I'm just a little unsure (the main issue in the bad opinions found was about slippage) ...

My settings: RdzGridTraps 1.2

DateTimeType=0
DailyStartTime=07:00:00
DailyStopTime=14:00:00
StopTimeMode=1
OpenType=2
OrderOperation=0
OrderCountPerSide=4
RecreationCountPerSide=2
LimitOrdersCount=1
RecreationThreshold=140
GridStepPoints=70
CurrentPriceInterval=70
MagicNumber=8888
InitialLotsType=0
InitialLots=0.3
InitialLotsMult=0.0001
CommentInfo=
ProfitTakingMode=0
TargetProfitDynamicBase=0
TargetType=0
TargetProfit=10.0
TargetProfitMult=0.004
CloseType=0
CloseMode=0
CountRunningCloseEA=0
CheckIsCorrupted=false
  • #643
  • Jul 4, 2015 7:41am Jul 4, 2015 7:41am
thank chucrut for you comment i think the same as you, the ea will work fine only whether the cycles are fast and the grid steps are acording to the volatility, this one i have to prove although your comment seem to prove it
  • #644
  • Jul 5, 2015 3:15am Jul 5, 2015 3:15am
Quoting chucrut
Hi all, I put the EA on a 3000$ demo account 3 weeks ago (still using version 1.2 and didn't have problems). Many and fast cycles, 0.3 lots to 10$ profit with commissions, grid steps 7 pips. I experienced that with this settings you don't need to much moviment to close the cylces, So the key is in the timing. Time is set from London Open -2 to London Close (I use New York session movement to try to close the cycle and stop for the day, I don't want to get stuck during Asia). On friday London Open -2 to London Close -2 (Try to avoid have a cycle...
hmm...it is quite acceptable. Only the "mountain" is reaching up too high, and 0.3 lot size.. hmmm. However on top of that, your profit seems stable.
Slippage is the biggest problem with STOP orders actually.
It could work, but we need a little more proof on live account.

But I think since the lot size is quite big, I can proportionally lower down the measurement.
Let me try to do this ((N / 3) / 2).
Lot size: (0.3 lot / 3) / 2 = 0.05
Target: ($10 / 3) / 2 = ~ $1.6666
Balance you start at $3K, then I can start with ($3000 / 3) / 2 = $500

I'll try with the new version 1.5.
If you ask me to code/fix your EA... it's probably not for free...
  • #645
  • Jul 5, 2015 5:29am Jul 5, 2015 5:29am
Quoting radityo.ardi
{quote} hmm...it is quite acceptable. Only the "mountain" is reaching up too high, and 0.3 lot size.. hmmm. However on top of that, your profit seems stable. Slippage is the biggest problem with STOP orders actually. It could work, but we need a little more proof on live account. But I think since the lot size is quite big, I can proportionally lower down the measurement. Let me try to do this ((N / 3) / 2). Lot size: (0.3 lot / 3) / 2 = 0.05 Target: ($10 / 3) / 2 = ~ $1.6666 Balance you start at $3K, then I can start with ($3000 / 3) / 2 = $500...
I'm sorry but i don't understand what you mean with "Only the "mountain" is reaching up too high".
I was thinking to set up a live test with:
lot size: 0.03
target: 1$
start Balance: 300$ tickmill ECN
  • #646
  • Jul 5, 2015 5:58am Jul 5, 2015 5:58am
Chucrut or Radityo please could you upload version 1.2. I can't find it on the thread. Thank you.
  • #647
  • Jul 5, 2015 7:06am Jul 5, 2015 7:06am
Quoting spankworthy
Chucrut or Radityo please could you upload version 1.2. I can't find it on the thread. Thank you.
Here you have it.
Attached File(s)
File Type: ex4 RdzGridTraps (1.2).ex4   38 KB | 454 downloads
  • #648
  • Jul 5, 2015 7:25am Jul 5, 2015 7:25am
Thank you.
  • #649
  • Jul 5, 2015 11:28am Jul 5, 2015 11:28am
Quoting chucrut
{quote} I'm sorry but i don't understand what you mean with "Only the "mountain" is reaching up too high". I was thinking to set up a live test with: lot size: 0.03 target: 1$ start Balance: 300$ tickmill ECN
probably what he refers are your lot size used, use bigger one may uproar the profit so high, and these may turn the opposite sometimes, and create hard to recover loss trade (high DD). you may want to use the minimum lot size 0.01 lot with, since the amount are 300 USD, even when you've got an extra % margin from their current summer bonus the amount are still considered as risky one for using 0.03 lot size.
  • #650
  • Jul 5, 2015 11:41am Jul 5, 2015 11:41am
Quoting radityo.ardi
{quote} Well, I think I need to emphasize a few points down below before you start to use Live account. In Tickmill.com Exchange we get all of these: 1:500 leverage 0.3 - 0.4 pips average spreads (do mark up this number a bit, they promised as low as 0.2 pips but reality could be different) Margin Call 100% Stop Out 30% Commissions applied Market Execution (it is instant execution on demo) While in Roboforex.com Pro-Cent we get all of these: 1:1000 leverage (for MT4) I assume 0.5 - 0.6 pips average spreads (they promised floating 0.4 pips) Margin...
+1 for these post .
it's a complete guide for proper forward test before it goes to live. but it;s kinda weird when you put robo cent with exchange account. I'm still put FT tickmill account at my vps running new version (1.4) just about a week (good to go 24% profit for a moment.)
btw, have you considered any other way for members here to donate, just visit your blog and there's still no option available for cash donation, any epayment method would be good for international use. I may arrange a local donate program for using these EA , there's lot of trader would gladly help.
  • #651
  • Jul 5, 2015 1:00pm Jul 5, 2015 1:00pm
Quoting fxindikator
{quote} probably what he refers are your lot size used, use bigger one may uproar the profit so high, and these may turn the opposite sometimes, and create hard to recover loss trade (high DD). you may want to use the minimum lot size 0.01 lot with, since the amount are 300 USD, even when you've got an extra % margin from their current summer bonus the amount are still considered as risky one for using 0.03 lot size.

I understand what is your point, could divide by 3, it would be (for 300$ start balance): 0.01 lots for 0.33$ target.
Ok it would be more safty in terms of margin, but profits will came very very slowly, i guess. I don't want to sound greedy but with this correlation between size and target the movement doesn't need to much room to close the cycle, and i didnt experienced "extreme" DD using the EA only during specific time. I think the key is timing the use of the EA. It cycles only during London and uses the New York session movement to close the last grid.

Quoting fxindikator
{quote} have you considered any other way for members here to donate, just visit your blog and there's still no option available for cash
donation, any epayment method would be good for international use. I may arrange a local donate program for using these EA , there's lot of trader would gladly help.
Totally agree with you here!
  • #652
  • Jul 5, 2015 3:50pm Jul 5, 2015 3:50pm
Hello everyone.
I have had to restart my demo as for some reason, with the latest version 1.5, i am getting error messages about placing orders. So, now i will try 1.2 again with the new gt500. Fun times :-)
Best,
Josh
  • #653
  • Jul 5, 2015 5:48pm Jul 5, 2015 5:48pm
Quoting radityo.ardi
Hi all, additionally, below are the settings file that I have changed to both GT500 and GT1000 above, and renamed it accordingly. GT500 is now GTSTOP. GT1000 is now GTLIMIT. And I have 1 settings that changed recently to adjust GTLIMIT, called GTLIVE. Both are almost the same except the time range, lot size and target. The changes are: shorter Current Price Intervals reducing Gaps reducing Lot size GTLIMIT changed from dynamic to fixed both lot size and target start to use Re-creation (probably I need to use another term for this), so it will not...
Hi Radityo,
Why GTLive and GTLimit have the same set on "initial lot type and target type"?
which this should be different on each other? as you said on below statement:

"And I have 1 settings that changed recently to adjust GTLIMIT, called GTLIVE. Both are almost the same except the time range, lot size and target. The changes are: shorter Current Price Intervals reducing Gaps reducing Lot size GTLIMIT changed from dynamic to fixed both lot size"

I saw it both have this same set applied = InitialLotsType=1 and TargetType=1
  • #654
  • Jul 5, 2015 7:17pm Jul 5, 2015 7:17pm
Quoting chucrut
{quote} I'm sorry but i don't understand what you mean with "Only the "mountain" is reaching up too high". I was thinking to set up a live test with: lot size: 0.03 target: 1$ start Balance: 300$ tickmill ECN
wat I meant is this
Attached Image


Quoting fxindikator
{quote} +1 for these post . it's a complete guide for proper forward test before it goes to live. but it;s kinda weird when you put robo cent with exchange account. I'm still put FT tickmill account at my vps running new version (1.4) just about a week (good to go 24% profit for a moment.) btw, have you considered any other way for members here to donate, just visit your blog and there's still no option available for cash donation, any epayment method would be good for international use. I may arrange a local donate program for using these EA...
will set up one, bro. I'm very sorry coz I haven't updated the blog.
A couple of friends PMed me to send us the books, we are still ok with that. But anyway, let me try to open a cash donation channel as quickly as possible.
If you ask me to code/fix your EA... it's probably not for free...
  • #655
  • Edited 12:22am Jul 6, 2015 12:06am | Edited 12:22am
Quoting radityo.ardi
{quote} wat I meant is this {image} {quote} will set up one, bro. I'm very sorry coz I haven't updated the blog. A couple of friends PMed me to send us the books, we are still ok with that. But anyway, let me try to open a cash donation channel as quickly as possible.
Ok, i understand now. That happened during the week-end gap last week, i was still struggling with time settings, and instead of using only London to cycle and New York to close all it worked both session getting stucked over the day and over the week end. I think the key is the timing and don't be greedy. Just with London is more then enough. With my settings it close 10-20 cycles daily...
  • #656
  • Jul 6, 2015 2:14am Jul 6, 2015 2:14am
Hey Rad - a issue with all sorts of continual bells ringing and alarms popping up today, it just wont stop. any ideas why this would pop up? see attached thanks
Attached Image (click to enlarge)
Click to Enlarge Name: warning.jpg Size: 97 KB
  • #657
  • Jul 6, 2015 3:43am Jul 6, 2015 3:43am
Quoting Jared77
Hey Rad - a issue with all sorts of continual bells ringing and alarms popping up today, it just wont stop. any ideas why this would pop up? see attached thanks {image}
It can be because of in your EA settings, the EA is not allowed to run (supposedly run on live account). Can't give u screenshot, as I'm replying from my mobile.
If you ask me to code/fix your EA... it's probably not for free...
  • #658
  • Edited 11:23am Jul 6, 2015 4:09am | Edited 11:23am
Damn! this morning during London Session my internet went down i was not in front of the pc. Pending orders were hit and the EA was not there to close the cycles. Now price reversed and i'm deep stuck in the grid. It will cost to get unstuck. One that seemed a perfect morning (15 cycles in just couple of hours) turned into a nightmare

Anyone recommend me a good VPS? free or cheap ones...
Really thanks!
  • #659
  • Jul 6, 2015 5:03am Jul 6, 2015 5:03am
Today my first day using this EA on a live account.

I only trade LO +1 hour and then only for 4 hours (until 5 minutes ago). I made a profit of 30 euro. Thanks for this great EA.

Lots 0.1
TP 3 euro with commision
  • #660
  • Jul 6, 2015 7:28am Jul 6, 2015 7:28am
Quoting radityo.ardi
{quote} It can be because of in your EA settings, the EA is not allowed to run (supposedly run on live account). Can't give u screenshot, as I'm replying from my mobile.
Hey Radityo.
I am trying to re-create your success with gt500 using Exness account with 600:1 leverage. Can you please tell me, which version of the grid are you running and is the gt500 set file with target 10(posted early in the thread)? I intend to run for 3 months or so, and if successful, try real account.Thank you brother once again for a great EA.
Best,
Josh
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