Trapping System: Grid | Page 61 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trapping System: Tunnel Martingale 476 replies

Grid - New indicator that replaces chart grid 60 replies

Grid (not grid system) or horizontal lines indicator 6 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Grid, Burst Grid, Grid Risk and Grid Profit 1 reply

Attachments: Trapping System: Grid
Exit Attachments

Trapping System: Grid

  • #1,201
  • Aug 23, 2015 12:22pm Aug 23, 2015 12:22pm
Quoting Justin
{quote} Why should you stop trading during NFP and strong news? If you are using stop orders then news is at your side. There will definitely be a strong movement in one direction and this is sufficient for you to gain profits. As I understand it, Stop orders are for trending markets and Limit orders are for ranging markets. So you should be happy with strong movements in either side if you are using stop orders. You will come out as a winner whichever way the market goes. Those who are using Limit orders should never ever trade during NFP or hot...

Yeah, the logic is correct! Theorically is right like you point but live market is not a perfect enviroment like demo. In live accounts you have slippage, the spreads may get wider, your order may not get filled at your price, if the price spikes and retraces you may get burn.
In demo account grid during news time always makes money. For sure in my opinion is better face a news with stop orders but If it would be that easy like in demo everybody here would be already rich! just put a grid during NFP!

For this reason i prefert stay away from NFP and other high impact news, low impact news may be sopported but I just prefer stay away and trade safer.
Hope you got my point!
  • #1,202
  • Aug 23, 2015 12:30pm Aug 23, 2015 12:30pm
almoust correct. the problem is that during extreme evens a lot of things can happen to make SO and LO end up in losses.
for SO there are huge slippage issues due lack of liquidity, big swings before start a trend could trigger many sell and buys orders, wide spreads, and because of fast price changes when a TP is triggered, until the EA closes all the orders market could move in opposite direction and when up in loss close.

for LO market can start a strong trend and a huge running loss can be experienced before it retrace (or it could never retrace).

It is very wise to avoid extreme events like NFP, FOMC, etc.. with this EA no matter your settings.

This EA should profit from normal market conditions, and get hurt by unusual. It's better to avoid.

On demo i am letting it run as said before to understand how it behave and it's limits.
This EA is very profitable as most have experienced. My main goal is to understand the risks and calibrate a stop loss setup that saves the account and preserve the profitability in the long run.
  • #1,203
  • Aug 23, 2015 1:17pm Aug 23, 2015 1:17pm
Quoting GrowthHack
{quote} is your account wiped out last week ? did you analize the reason ?
Definitely it was due to major external events. The China's Yuan issue last week, worsen unemployement claims, and many external factors that driving the EA to the losses. Yes, we need to avoid this, but I can't find any exact parameter to avoid this. At this point, human intervention is really required.

Limit Order was designed to be ran on after Euro closing or after a few hours on NY openings, until Tokyo openings. So, yes, I would say 95% of the time, price movement is very less.
But last week was rude. The market starts trending after Euro closing straight rallying for 2 days. Of course, the other which has stop orders, I got quite good amount of profit.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,204
  • Aug 23, 2015 1:22pm Aug 23, 2015 1:22pm
Quoting SunGaard
Hi all I have had a lot of fun with this EA...and i believe there is really good odds for this BOT to make us some profit. Im trading the pairs as shown in the pic and i also use Andres settings more or less with limit orders and different magic numbers. My BOT runs around the clock and all week. What i see is that it makes a lot of profit from the ranging markets...up and down, up and down..But when it comes to a really trending pair it loses big time. So what i would really like to test with this BOT is a stoploss taken effect when a pair moves...
In fact for limit, we SHOULD use stop loss at some point. I mean, it doesn't hurt to try.
Use this as a tool, not a money making machine. At the end, human intevention sometimes really needed.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,205
  • Aug 23, 2015 10:27pm Aug 23, 2015 10:27pm
Thanks to chucrut and IgotAplan
Very valid points.
My LO live account got wiped out but the SO is still going strong.
  • #1,206
  • Aug 23, 2015 11:00pm Aug 23, 2015 11:00pm
woooww... my GTLimit demo got wiped out too..

Radityo Live's GTLIMITEURUSD2 can survive. cool dude!
  • #1,207
  • Aug 24, 2015 1:27am Aug 24, 2015 1:27am
anti grid hedge strategy will reduce the win ratio if butterfly pattern / double bottom - double top formed in chart.
  • #1,208
  • Aug 24, 2015 1:55am Aug 24, 2015 1:55am
what will you do in this market condition ?
Attached Image
  • #1,209
  • Edited 5:23am Aug 24, 2015 2:25am | Edited 5:23am
Good Morning Everyone,
Key feature or problem of any (equal step) grid system is the 50% rule. Let it be SO or LO grid when only one side of the grid is open BE (breakeven) is at 50% retracement of price.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB

(a) perspective
In case of SO you want price retrace less than 50% because that keeps you above BE.
In case of LO you want price retrace more than 50% because that keeps you above BE.

(b) perspective
In case of SO you don't want price retrace more than 50% because that keeps you below BE.
In case of LO you don't want price retrace less than 50% because that keeps below BE.

So as you've all suggested already: for SO choose trending pair, for LO choose ranging pair. All right, but how do you know it is going to be trending or ranging today, tomorrow, etc. between eg. 1:00-8:00 or so? How do you know and handle when the trending or ranging nature of the pair is changing?
A problem is that the very essence of the grid approach is that the hope of a turnaround in your favor is built into this approach. At any time you have the chance to look at your positions and just hope that 'trend will resume and I'll recover...', 'price will retrace and I will recover...'
GridTrap -- With such approach this is how we trap ourselves not the price!

There is the general wisdom: buy low sell high (BLSH). Easy to say... however there are some generalities. In case of a SO grid, the more levels are activated the more you go against the BLSH, as you buy higher and sell lower. In case of a LO grid the earlier you start opening levels the more you go against BLSH, because you should only start selling or buying when price has already moved 'enough' up or down.

So maybe instead of letting an EA set up a double sided grid at almost any point of time and trap the price we could go like: which direction has higher probability at a certain market situation? and use a grid of orders for positioning ourselves for the next higher probability move.

cheers,
Aron
ps. yes, GrowthHack...
Quoting Carpathian
... This Grid Trap ... can be considered as a subversion of tunnel martingale. This in essence is a widening tunnel martingale concept with all its advantages and disadvantages...
  • #1,210
  • Aug 24, 2015 3:30am Aug 24, 2015 3:30am
1, Grid EA works only when market go sideways
2, Anti Grid works only when market start UP or Down trend

Use this two EA in two chart in same time of same pair may works because when market sideways either trend both time we will get profit but need some reserved margins.

Example : martingale hedge by anti martingale.
  • #1,211
  • Aug 24, 2015 5:44am Aug 24, 2015 5:44am
Quoting GrowthHack
...Use this two EA in two chart in same time of same pair may works because when market sideways either trend both time we will get profit but need some reserved margins. ...
Well, if you are just opening up the positions and measuring floating PL.
However many use the grid EA in a way that they take regular small profits, either from the trend or the retrace, but when price starts going against their positions they just wait until it 'recovers' all the floating loss plus the couple pips needed for the TP. So actually you don't tell in advance how much you're willing to lose for that profit.
And this is why you get the blown accounts, you are tempted to keep waiting for the turnaround and even keep adding to the losing side instead of getting out at a predefined loss . It is the same psychological problem of moving the SL in trend-biased trade setup situations. You don't like your trade idea be invalidated by 'accidental' and 'too heavy' price action.

This is my problem as well. When I keep my exit promises I lose or gain little, it is not really going anywhere. Then I get tired and breach the exit promise and lose big.
  • #1,212
  • Aug 24, 2015 8:37am Aug 24, 2015 8:37am
lol!!!

LO can't survive this even spreading risks!! ahahah account wiped out.
But it was a great test. I will recalibrate the lot size and TP and set a 20% stop loss.

SO are making the day of the year (but i would like to know on live account what kind of slippages are being experienced)

But events like this are not very often, we don't need to be afraid of it, just need a stop out strategy and live with down draws. One day doesn't matter, the important is the long run.

Lets recalibrate our demos and back to forward testing.
  • #1,213
  • Aug 24, 2015 11:01am Aug 24, 2015 11:01am
Perfect day for Stop Orders on Eurusd, banked 244$ on my live account for today.
I didn't face any slippage issues with my broker.
Looking good so far.
  • #1,214
  • Aug 24, 2015 11:25am Aug 24, 2015 11:25am
Justin, thanks for sharing information. witch broker are you using? with no slippage, conditions like this are awesome for SO.

This EA has with many approaches.
It's a terrible mistake to think that you can set it to run 24/5 in any market conditions without intervention.

BUT if you do a quick analises on market conditions and let it run according, SO for trends market, LO for ranging market, with a good stop out strategy it is a powerful tool.
  • #1,215
  • Aug 24, 2015 11:33am Aug 24, 2015 11:33am
I am using the Australian broker ThinkForex
  • #1,216
  • Aug 24, 2015 1:21pm Aug 24, 2015 1:21pm
It looks like the last hour trade makes your account busted too?
OrderSend(Symbol(),OP_BUY,10,Ask,30,SL,TP,"",0,0,clrGreen);
  • #1,217
  • Edited 2:07pm Aug 24, 2015 1:23pm | Edited 2:07pm
Quoting Justin
Perfect day for Stop Orders on Eurusd, banked 244$ on my live account for today. I didn't face any slippage issues with my broker. Looking good so far.
Epic day as well for me. I am using FXindikators settings(stop) 1.6 on Pepperstone razor. 60% up, 16 market days running. Only i use profit with commission option.
Best, Josh
  • #1,218
  • Aug 24, 2015 7:23pm Aug 24, 2015 7:23pm
radityo.ardi do you have an ETA regarding v1.7 release?

also could you please look at the following asked on my previous msg?

Quote
Quoting radityo.ardi
{quote} I have started Live, you can see on my Trade Explorer. One is based on the current demo GTSTOP, and one is Max, means lot size will be 1.5 bigger but keeping target the same.
dont be harsh on me... but is it possible for you to check the average cycles and when the majority of those occurred during a day (timespan) of your demo GTSTOP?

this would be interesting data to evaluate (in case possible of course as i dont know if its feasible...

thanks
  • #1,219
  • Edited 9:17pm Aug 24, 2015 8:47pm | Edited 9:17pm
Hi to everyone! I have got in love with this EA which I want to use in the manually option. But It does not function well: when I start it, always it deletes a pending order and it does not create new orders. I started the EA at the pin candle and as you can see it miss a buy pending order which was suddenly delated. With others brokers and with different settings I have the same problem. Maybe I donīt have understand something but is there somebody which can help me? Thank you in advance.
Attached Image
  • #1,220
  • Aug 24, 2015 9:44pm Aug 24, 2015 9:44pm
Hi All traders,
Just want to share my experience with this EA v1.5 in live account that happened last night. I use Stop order with tight grid (7 points space). Yesterday used to be the first day I try this set up live and everything went well. I had made about 15% profit for just one day until last night (Thailand time), I think during the news time when market quite volatile. This EA still did well with all market conditions. But, all in a sudden, my MT4 terminal got frozen, no respond at all. It keeps close and open for at least 10 minutes. Once the terminal back to work, I was shocked. The number of order (before the problem started, they were around 20-30) but what I saw was hundreds of orders in total which half of my money was used. At that moment, if market went down then I could lower my huge loss but if it went up, I could totally wipe out my account easily. I decided to close all the orders and take the loss. A whole month profit has gone in just a couple minutes and that is about 50% loss.

I am using FxPro with the VPS provided by FxPro (BeeksFx).

After the problem happen, I remove all the indicators and lower down the max. bar in history and max. bar in chart. I think probably because my chart had an indicator which need too much resource when market moving fast MT4 crashed and restarted repeatedly. I personally hope this will not happen again.

I tried v1.7 and when I deliberately close the MT4 then restart, no new orders create but the "Dynamic lots" turns to be 0.00. Could you check this out, Radityo.ardi?

Lastly, many thanks again Radityo.ardi for your great work!!!
3 traders viewing now