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Trapping System: Grid

  • #1,561
  • Oct 7, 2015 10:33pm Oct 7, 2015 10:33pm
Quoting hewtwok
hi joshuahope, silanto, braveh4rt thx for the info hmm, but my EA is making TP of few cents valued between $0.01 to $0.09 not exiting at $1.50 btw i am testing 1 order count on each side
if you using gtlimit set without change, which close type is "RIght in start Point or target" , it will be like that. like scalping.

I have problem if using big spread broker. sometimes profit become $0 even it should be have 0.2 $. In ECN with low spread broker, this was no problem. Profit adds up quickly with more trade closed. we catch the small fish

Have idea if the close right in start point, we can have parameter to close + x pips from start point to close. I look on the code, the close order just check if _target > 0 ,it just close all orders.
Look for it and you will find it
  • #1,562
  • Oct 7, 2015 11:06pm Oct 7, 2015 11:06pm
Quoting PowerTrade
{quote} Yes, I understand that, but it didn't worked when I set it up, when I selected broker, it started like 1 hour earlier, when selected local it started later... And I know it's not the EA, it's the VPS settings, maybe VPS is located in a location which is not broker's and I don't understand why it doesn't work with local time, so I guess it's the server which ruled the time for the EA. That's why I selected GMT, it's safer for me, but I have to be aware of summer time changes. BTW, anyone knows about a cheap VPS, I don't care for latency or...
try amazon web service (AWS) it's free for 1st year bro.
  • #1,563
  • Oct 7, 2015 11:34pm Oct 7, 2015 11:34pm
Quoting slianto
{quote} try amazon web service (AWS) it's free for 1st year bro.
Thanks, but I already used that free year
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,564
  • Oct 8, 2015 12:18am Oct 8, 2015 12:18am
Quoting PowerTrade
{quote} Yes, I understand that, but it didn't worked when I set it up, when I selected broker, it started like 1 hour earlier, when selected local it started later... And I know it's not the EA, it's the VPS settings, maybe VPS is located in a location which is not broker's and I don't understand why it doesn't work with local time, so I guess it's the server which ruled the time for the EA. That's why I selected GMT, it's safer for me, but I have to be aware of summer time changes. BTW, anyone knows about a cheap VPS, I don't care for latency or...
WeLoveServers?
I'm not saying it is good, but quite standard one. $14/mo with 1G RAM. They got offer also, at 50%.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,565
  • Oct 8, 2015 12:20am Oct 8, 2015 12:20am
Quoting hewtwok
hi joshuahope, silanto, braveh4rt thx for the info hmm, but my EA is making TP of few cents valued between $0.01 to $0.09 not exiting at $1.50 btw i am testing 1 order count on each side
slianto pointed out that this is the behaviour. Basket trading will calculate the profit from ALL trades instead of taking profit of each one of them.

Quoting slianto
{quote} hi hewtwok, i think it's not $1.5$ profit in each trade, but it's calculated from all opened positions in the grid. i.e. grid opened 6 trades: 1. -1$ 2. 0$ 3. -1$ 4.+1$ 5.+0.5$ 6.+1$ total = +$1.5 all 6 trades closed. another i.e: 1. +1$ 2. -1$ 3. +1.5$ total= +1.5$ all 3 trades closed. i could be wrong...but i think grid trading aim for fixed $ as TP is like that...CMIIW
You're right, bro..
If you ask me to code/fix your EA... it's probably not for free...
  • #1,566
  • Oct 8, 2015 3:04am Oct 8, 2015 3:04am
Quoting slianto
radityo, reporting...with fixed 2 spreads, the result isn't too good. with current GTLIMITEURUSD2 (Live) setting, it only aim for 1 pips profit.. not so worth it compared with 100 SL risk... any idea to improve this? or maybe i think it's better if i just wd and moved to another ECN cent account broker... (that can be accessed with indo's speedy ISP...lol) what do you think? {image}


I am using an ECN broker with the GTLIMITEURUSD2.set live.

I like the way it takes profit when it has reached level 2 and upwards but when there is only 1 level open and it takes profit, it takes 1 pip only.
I pay commission so a level one is either breakeven, tiny profit or tiny loss.

Is there anyway I can set it to take 5 pips on level one but if it goes to level 2 or more leave it's current take profit setting?

Looking and Radityo's explorer and his Myfxbook the set is performing differently to mine, his level ones take about 10 pips and then a fraction of a pip in the opposite direction.
  • #1,567
  • Oct 8, 2015 3:06am Oct 8, 2015 3:06am
Quoting radityo.ardi
{quote} slianto pointed out that this is the behaviour. Basket trading will calculate the profit from ALL trades instead of taking profit of each one of them. {quote} You're right, bro..
bro. will you turn off the EA tonight? FOMC...
  • #1,568
  • Oct 8, 2015 3:15am Oct 8, 2015 3:15am
Quoting normtold
{quote} I am using an ECN broker with the GTLIMITEURUSD2.set live. I like the way it takes profit when it has reached level 2 and upwards but when there is only 1 level open and it takes profit, it takes 1 pip only. I pay commission so a level one is either breakeven, tiny profit or tiny loss. Is there anyway I can set it to take 5 pips on level one but if it goes to level 2 or more leave it's current take profit setting? Looking and Radityo's explorer and his Myfxbook the set is performing differently to mine, his level ones take about 10 pips...
hi normtold,

that's why...the TP is calculated based on total opened trades..you can't aim for min x pips each trades...
see above example that i just posted a while ago...

that being said. if i remember correctly there's a setting about TP to calculated with commission and swap, and already activated on gtlimiteurusd2.set

about different result, of course it happened, mine and radityo's also different...
it could be to many factor, VPS (latency->execution) , broker (execution, slippage,gap and stuffs), etc.
  • #1,569
  • Oct 8, 2015 4:56am Oct 8, 2015 4:56am
Quoting normtold
{quote}Is there anyway I can set it to take 5 pips on level one but if it goes to level 2 or more leave it's current take profit setting?
No, I don't have such logic in the EA.
Profit calculation is based on total order for a unique number only, nothing else.

ECN, yes, there may be large differences if you apply comparing to my account which is standard one (1.5 pips spreads on average). Remember that since commission and swap are take into account, profit taking may take longer than mine. Or even faster (depends on how much is your comissions and spreads you have).

Example: yours having 0 spread, with 0 commissions (impossibruuu!) then profit taking will be much faster than mine.
0 spread and $4 commission per 1 standard lot, then this will be much longer than an account with 1.5 pips spread with no commission.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,570
  • Oct 8, 2015 4:58am Oct 8, 2015 4:58am
Quoting slianto
{quote} bro. will you turn off the EA tonight? FOMC...
RED NEWS!
For sure I'll turn it OFF for today, and let's call it a week.
5.6% this month is a lot better (and today is 8th Oct).

My target is actually minimum 10% monthly, so next week may reach the target, I'll be more than happy.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,571
  • Oct 8, 2015 7:30am Oct 8, 2015 7:30am
Quoting slianto
{quote} hi hewtwok, i think it's not $1.5$ profit in each trade, but it's ...CMIIW
Quoting braveh4rt
{quote} if you using gtlimit set without change, which close type is "RIght in start Point or target" , ... all orders.
Quoting radityo.ardi
{quote} slianto pointed out that this is the behaviour. Basket trading will calculate the profit from ALL trades instead of taking profit of each one of them. {quote} You're right, bro..
thanks all for the info. :nerd:
  • #1,572
  • Oct 8, 2015 7:43am Oct 8, 2015 7:43am
Thanks for the replies Radityo and Slianto,

Pepperstone charge (USD 7.53 round turn). Spreads are low in peak hours, from 0 to 0.4 but get wider during the Asian session and widen significantly before news announcements.

When I wrote that the set file appears to be performing differently I was not referring to commission and spreads, I meant that your level 1 close at around 10 pips, mine 1 pip.
From your explorer just before it closes a level 1 buy it opens a sell and closes that soon for a small profit.
Just before it closes a level 1 sell it opens a buy and closes that soon after for a small profit.

I certainly was not asking for any changes to be made I just wondered if it was due to my settings.

I cannot work out why it does that but never mind the EA and the idea behind it is the best I have used over the years so thank-you for that.
  • #1,573
  • Oct 8, 2015 8:37am Oct 8, 2015 8:37am
Can anyone explain to me (again) how I do the math for dynamic take profit?

I think I have to lower it for my broker.

And max cycle will restart next day, right?
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,574
  • Oct 8, 2015 9:19am Oct 8, 2015 9:19am
Quoting PowerTrade
Can anyone explain to me (again) how I do the math for dynamic take profit? I think I have to lower it for my broker. And max cycle will restart next day, right?
from my previous post.. hope this helps!

hi hewtwok,
i think it's not $1.5$ profit in each trade, but it's calculated from all opened positions in the grid.
i.e. grid opened 6 trades:
1. -1$
2. 0$
3. -1$
4.+1$
5.+0.5$
6.+1$
total = +$1.5 all 6 trades closed.
another i.e:
1. +1$
2. -1$
3. +1.5$
total= +1.5$ all 3 trades closed.
i could be wrong...but i think grid trading aim for fixed $ as TP is like that...CMIIW
  • #1,575
  • Oct 8, 2015 9:49am Oct 8, 2015 9:49am
Quoting radityo.ardi
{quote} RED NEWS! For sure I'll turn it OFF for today, and let's call it a week. 5.6% this month is a lot better (and today is 8th Oct). My target is actually minimum 10% monthly, so next week may reach the target, I'll be more than happy.
yeah man I turned it off too.
I tried to move on roboforex too, but i have problem with address verification. I hope it solved soon.

so this week trade only from tues-wed-thur morning (our time) bro?
  • #1,576
  • Oct 8, 2015 10:17am Oct 8, 2015 10:17am
Quoting PowerTrade
Can anyone explain to me (again) how I do the math for dynamic take profit? I think I have to lower it for my broker. And max cycle will restart next day, right?
Normally I'll do this to get an easy calculation.

[Your desired profit] / [Your balance] = [your profit multiplier]

For example, I want to get profit $10, and my balance is $5000. Then, to get the value, $10 / $5000 = 0.002
0.002 is your number to be placed in profit multiplier.

Max Cycle will be reset when it is out of the trading hour (start-stop) AND when there's no orders (empty).
If you ask me to code/fix your EA... it's probably not for free...
  • #1,577
  • Oct 8, 2015 10:23am Oct 8, 2015 10:23am
Quoting slianto
{quote} I tried to move on roboforex too, but i have problem with address verification.
Hi.

Maybe you can explain, which time setting is correct if you use "BROKER TIME" at Roboforex? TY
  • #1,578
  • Oct 8, 2015 10:32am Oct 8, 2015 10:32am
Quoting normtold
Thanks for the replies Radityo and Slianto, Pepperstone charge (USD 7.53 round turn). Spreads are low in peak hours, from 0 to 0.4 but get wider during the Asian session and widen significantly before news announcements. When I wrote that the set file appears to be performing differently I was not referring to commission and spreads, I meant that your level 1 close at around 10 pips, mine 1 pip. From your explorer just before it closes a level 1 buy it opens a sell and closes that soon for a small profit. Just before it closes a level 1 sell it...
Let us throw away the concept of taking profit as in "pips" or "points", whatever unit we have. My EA is only taking profit at currency unit (USD, EUR, whatever account balance unit).
So, certainly it can't be calculated with pips or points (let us be clear). As soon as the profit (in USD, EUR, etc) is reached, it will close all orders. That means, from one broker to another, from the same account but time to time, the pips/points when the profit taken is always be different. Why?

Spreads is dynamic from time to time, commissions (may be different from time to time for some broker). Price moves too fast, that is also one of the factors.
Then when we talk about closing multiple orders at a time, then we also talk about different profit value when it closes time to time.

Imagine total profit reached at $1.5, then the closing all orders code is triggered. But during the process of closing all orders, price is moving up and down, hence it affects the total final profit as well after all orders are completely closed.
If you ask me to code/fix your EA... it's probably not for free...
  • #1,579
  • Oct 8, 2015 12:29pm Oct 8, 2015 12:29pm
Quoting radityo.ardi
{quote} RED NEWS! For sure I'll turn it OFF for today, and let's call it a week. 5.6% this month is a lot better (and today is 8th Oct). My target is actually minimum 10% monthly, so next week may reach the target, I'll be more than happy.
My stop account (demo) made 3.0% today O_O

Anyway thanks for the heads up

Quoting radityo.ardi
{quote} Normally I'll do this to get an easy calculation. [Your desired profit] / [Your balance] = [your profit multiplier] For example, I want to get profit $10, and my balance is $5000. Then, to get the value, $10 / $5000 = 0.002 0.002 is your number to be placed in profit multiplier. Max Cycle will be reset when it is out of the trading hour (start-stop) AND when there's no orders (empty).
Thanks again bro.
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,580
  • Oct 8, 2015 1:10pm Oct 8, 2015 1:10pm
Hi All thanks for the information I have been through the thread but may have missed something if some one can clarify I would appreciate it

Is a trending pair preferred or does this work on any 5 digit pair even one that is ranging?

is the time frame so important I'm in the southern hemisphere and start trading around the close of USA and open of the kiwi and this seems to work fine so far

I will trial for a month and let you know how it goes

Cheers
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