Pitt Bull,
to address the problem, what i am doing is setting up IncrementAdjustFirstLevel to -4 pips and IncrementAdjustForTpSl to 8 pips.
it is working for me so far.
Expanding Grid EA
I am been working on an Expanding triangle hedge grid EA where with unlimited money it always win.
The problem is I do not have unlimited money and its drawdown is too high. I did setup some neutralization rules using levels, but after that I must finish it trading manually where emotions lock my success.
Also, when drawdown get too high, I did try running it on multiple charts for the same pair at the same time to create king of inside grid, but after hitting two grid levels, it go together with the main grid, it did add drawdown to it.
The math is simple, this EA start with, I will say, one lot at the same direction of a trend on a M1 chart. It calculate three grid lines above and three lines below the entry point by 20 pips and draw them on the chart, it do not place pending orders. It works invisible to the broker.
When a line is crossed to the upside, it calculates the order quantity as: (reverse for downside)
Lot =( (lowest sell order qty)*((Levels from lowest sell to this line)+1))+ (lowest sell order qty)+(One lot)
After execution, a new grid is setup above the highest buy order and below the lowest sell order by 20 pips. Here is where the grid expands.
Because the quantity is calculate by levels between lowest sell and highest buy, in an expanding market environment, the quantity may get out of margin availability.
Now is when your help is needed, I would like you to try this grid in a demo account and help me to manage the drawdown and to limit the quantity.
Thanks and have a good trading day.
hello
I can't make it work, the vipergrid EA. I get an error..:
Cannot open file 'C:\Users\Administrator\AppData\Roaming\MetaQuotes\Terminal\70AD4786F1AF2E137F831CD4EF134E7B\MQL4\Experts\ViperGridEA_Version2.6.3.ex4' [2]
Expanding Grid EA I am been working on an Expanding triangle hedge grid EA where with unlimited money it always win. The problem is I do not have unlimited money and its drawdown is too high. I did setup some neutralization rules using levels, but after that I must finish it trading manually where emotions lock my success. Also, when drawdown get too high, I did try running it on multiple charts for the same pair at the same time to create king of inside grid, but after hitting two grid levels, it go together with the main grid, it did add drawdown...
Ignored
Good job bauta, I used to trade with a similar system but only had two levels and it was easier to get into trouble, but I like that yours have an expanding feature, i think this one have potential but of course it will always need human supervision to get it out once it get neutralized. Also I think that using ATR % for the levels is more efficient. Thank you for sharing. Good luck WCG.
hi admir
i liked ur tread here. they r really usefull.
i have attached the expanding EA to my chart but it is saying please wait on top left corner. should i wait or is there any problem. please advise me.
thanks
Hi Rajbrinder77
The expanding EA shows Please wait till the first tick (pip) comes. this is normal.
Note this is a working in progress EA, do not trade it on a live account.
For your convenience I attached the last release I am working on.
Thanks,
this is my first post at the forum. But i am testeng all kind of ea's.
The MGRID ver 2.0 im testing right now.
I have got a question and i am hoping that somebody can help me.
If the ea is trading and it wil hit the TP. He dont close the pending orders and remain open.
If buy hits TP the sell pending order still open.
If sell hits TP the buy pending orders still open
Can somebody help me to adjust it... So when the tp is hit... the ea closes al pending orders and the EA wil start over again with new(buy&sell) pending orders.
At the moment i have got an indicator running who will send me an e-mail so i can exit the pending orders so the EA can open new pending orders from the position where the tp is hit.
Hello, this is my first post at the forum. But i am testeng all kind of ea's. The MGRID ver 2.0 im testing right now. I have got a question and i am hoping that somebody can help me. If the ea is trading and it wil hit the TP. He dont close the pending orders and remain open. If buy hits TP the sell pending order still open. If sell hits TP the buy pending orders still open Can somebody help me to adjust it... So when the tp is hit... the ea closes al pending orders and the EA wil start over again with new(buy&sell) pending orders. At the moment...
Ignored
hi
orders r closed only from one side i.e. if tp hit to the sell orders only sell orders will be closed and vice versa.
Pitt Bull, to address the problem, what i am doing is setting up IncrementAdjustFirstLevel to -4 pips and IncrementAdjustForTpSl to 8 pips. it is working for me so far.
Ignored
Hello Bauta,
- (minus) 4 for IncrementAdjustFirstLevel does not work, mit "-" it does not open trades!
if you meant 4 and 8 does not work eather, cause than you have to many trades open.
hello brother your EA is veri fabulous..but when i put it on my neww 1000$ account it is showing that no enough free margin..but margin is all free..pleaase reply and give me your cntact detail
