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Trapping System: Grid

  • #2,161
  • Nov 10, 2015 3:25am Nov 10, 2015 3:25am
Quoting jonirrenicus
{quote} Hi Rad, Your Stop order EA has big room for improvement....on NF day my account grew up 20% in one minute.(only trade EU and UJ for testing) Instead of stop using limited mode, why dont we switch to stop mode while a big data is coming out? Here I share my exp. in return. This is called " one minute 20%+ Mode " Must be 1 minute before super big Data or News {image} Start stop mode and use attached EA for TP (two ways TP). Look at M1 for Six pairs after data release, there usually will be 1-2 pairs with a false move,...
I have questioned the application of LIMIT to NFP to you guys.
When you (or someone) using LIMIT on NFP, it's just non-sense. Chucrut was playing the right game, he was using STOP for this Nov NFP, not LIMIT.

I wonder why some people uses LIMIT instead of STOP on NFP. For LIMIT, you are expecting that the price will be retract back to the initial price. STOP, you'll expect the price will break through outside the grid, which is more acceptable to be applied when NFP comes out.
Try to understand the idea first. LIMIT better be placed on ranging market, STOP better be placed on trending market.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,162
  • Nov 10, 2015 3:47am Nov 10, 2015 3:47am
Quoting radityo.ardi
{quote} Any errors on Journal tab or experts tab? I suppose should create, or maybe there's something wrong on your datetime?
No errors revealed. I might have had missed something? I am quite confident to have all set as forum discussion. The best way perhaps is to show you my settings.
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  • #2,163
  • Nov 10, 2015 4:30am Nov 10, 2015 4:30am
Quoting archishard
{quote} No errors revealed. I might have had missed something? I am quite confident to have all set as forum discussion. The best way perhaps is to show you my settings. {image}
Your settings seems to be using GTLIMITEURUSD2, but your date timetype is GMT???
GTLIMITEURUSD2 is using singapore timezone, not GMT. So if it starts at 01:00:00, it is in Singapore time. Hence, you should convert to GMT or your local time.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,164
  • Nov 10, 2015 4:41am Nov 10, 2015 4:41am
Quoting radityo.ardi
{quote} I have questioned the application of LIMIT to NFP to you guys. When you (or someone) using LIMIT on NFP, it's just non-sense. Chucrut was playing the right game, he was using STOP for this Nov NFP, not LIMIT. I wonder why some people uses LIMIT instead of STOP on NFP. For LIMIT, you are expecting that the price will be retract back to the initial price. STOP, you'll expect the price will break through outside the grid, which is more acceptable to be applied when NFP comes out. Try to understand the idea first. LIMIT better be placed on...
Maybe with limit can catch the Stop hunting movement before go to the real direction as it happens all the time. But still should be only 1 type buy or sell limit otherwise blow up account.

And Chucrut , do stop on NFP, do the slippage occurs ? and how the spread. What broker you use?


Thanks
Look for it and you will find it
  • #2,165
  • Nov 10, 2015 4:48am Nov 10, 2015 4:48am
Quoting radityo.ardi
{quote} Your settings seems to be using GTLIMITEURUSD2, but your date timetype is GMT??? GTLIMITEURUSD2 is using singapore timezone, not GMT. So if it starts at 01:00:00, it is in Singapore time. Hence, you should convert to GMT or your local time.
I see! I dunno why but touching those options make me nervous. Thank you for helping me on this.

Now here following the new settings for London Based users:
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  • #2,166
  • Nov 10, 2015 5:12am Nov 10, 2015 5:12am
Quoting braveh4rt
{quote} Maybe with limit can catch the Stop hunting movement before go to the real direction as it happens all the time. But still should be only 1 type buy or sell limit otherwise blow up account. And Chucrut , do stop on NFP, do the slippage occurs ? and how the spread. What broker you use? Thanks
Hi!
I agree with you, even using stop orders is always pretty risky trade NFP due that sometimes it spike one way and than go to the other.
This time in November it didn't spike, it went directly south. But anyway normally the spike is not of the same length of the real direction. So i suggest to not use tight grids, to avoid having many order in the wrong side (if it occurs) or/and leave a gap between the price and the first orders at the moment of the release, in other words i suggest to do not put orders like 5 0r 10 pips away, but at least 15 20 25. I suggest try on demo first even if the demo scenario during NFP is not like real...
Of curse i have slippage issues (sometimes also of 15 25 pips) and spread increases (my broker activtrades)... But i think the key is to put a very small take profit (it will be reached instantly and the EA will start close all while the price will be still in movement, last time i put a 4 pips and it grabbed 300, In the same second the news came out it opened orders and instantly started close all meanwhile the price was going south, it started close all at 14:30:09) and a gap to avoid serious slippage issues on the nearest orders...

Of course i would not suggest to play with fire and do not put big moneys in...
And i would suggest that this EA is not made specifically to trade big news (even if many times it grabbed lot of pips)
  • #2,167
  • Nov 10, 2015 6:56am Nov 10, 2015 6:56am
Hello . I'm trying to run the EA on an account with XM with the bonus of $ 30 . But when I go to run the EA appears this message . Can someone help me ? Thank you and I want to thank radityo.ardi to have offered this wonderful job. God bless you.


http://prntscr.com/915mg3
  • #2,168
  • Nov 10, 2015 8:17am Nov 10, 2015 8:17am
Quoting matheusrp
Hello . I'm trying to run the EA on an account with XM with the bonus of $ 30 . But when I go to run the EA appears this message . Can someone help me ? Thank you and I want to thank radityo.ardi to have offered this wonderful job. God bless you. http://prntscr.com/915mg3
Well, first of all.
XM manages their account such as in different pair for different account. For normal standard account, you attach it to EURUSD. But for bonus, which is micro, you may want to attach it to EURUSDmicro.

The error says that you're attaching to the wrong pair, it should be attached to EURUSDmicro.

I don't really calculate into the lot size. But it does seems that 0.01 lot in micro is the same risk if you trade with 0.0001. (Please correct me if I'm wrong).
Hence, the lot size should be multiplied by 100. If you have it dynamic with 0.00007, then it should be changed to 0.007.

Keep the target profit unchanged.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,169
  • Nov 10, 2015 8:41am Nov 10, 2015 8:41am
Quoting radityo.ardi
{quote} Well, first of all. XM manages their account such as in different pair for different account. For normal standard account, you attach it to EURUSD. But for bonus, which is micro, you may want to attach it to EURUSDmicro. The error says that you're attaching to the wrong pair, it should be attached to EURUSDmicro. I don't really calculate into the lot size. But it does seems that 0.01 lot in micro is the same risk if you trade with 0.0001. (Please correct me if I'm wrong). Hence, the lot size should be multiplied by 100. If you have it dynamic...

Problem solved radityo.ardi . Thank you again.
  • #2,170
  • Nov 10, 2015 11:39am Nov 10, 2015 11:39am
I've got another problem. Once the EA starts and puts the orders he immediately closes without having at least one run . He enters an infinite process of opening and closing cycles. Has anyone ever experienced this ?
  • #2,171
  • Nov 10, 2015 2:06pm Nov 10, 2015 2:06pm
Quoting matheusrp
I've got another problem. Once the EA starts and puts the orders he immediately closes without having at least one run . He enters an infinite process of opening and closing cycles. Has anyone ever experienced this ?
i have posted this problem. I think its because xm needs minimum amount of deposit to allow EA.
  • #2,172
  • Nov 10, 2015 2:11pm Nov 10, 2015 2:11pm
Quoting yogasampurno
{quote} i have posted this problem. I think its because xm needs minimum amount of deposit to allow EA.

The problem apparently was resolved.
In the " Target Profit Dynamic Base" I changed "Balance " to " Equity " and is now operating normally.
  • #2,173
  • Nov 10, 2015 8:42pm Nov 10, 2015 8:42pm
Quoting Sunnybeach
{quote} IMO, there is no safe mode. For past NFPs, you can see many times, it went 100 pips to clear stoploss in seconds and then goes to real direction on the other side.
if it goes 100 pips to clear stoploss, the TP will be 100% hit on one side.

Have u seen one pivot lvl far from another in 100 pips?

For me NO!
No one wants to be defeated~
  • #2,174
  • Edited 9:08pm Nov 10, 2015 8:44pm | Edited 9:08pm
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S3=1.0692 you know what i mean.



Trust me my friend~ never use limited orders without Stoploss.
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Thing like this will eventually happen.
No one wants to be defeated~
  • #2,175
  • Nov 10, 2015 9:08pm Nov 10, 2015 9:08pm
Ouch today, the price went against our limit setup.....
mine on -50% floating. might consider to cut loss?

any advice anyone? radityo?

but I might be unable to do human intervention as today I have very important task to do at work.
So if it burst, so be it.
  • #2,176
  • Nov 10, 2015 9:37pm Nov 10, 2015 9:37pm
Quoting slianto
Ouch today, the price went against our limit setup..... mine on -50% floating. might consider to cut loss? any advice anyone? radityo? but I might be unable to do human intervention as today I have very important task to do at work. So if it burst, so be it.
Yes bro, during these long 3 months of good run, today is a test for us. Had no clue, why. But I suppose due to speculant ahead of Draghi's speak.
Floating loss is over my head now....
Waiting for a good time to cut loss. I may need to review the settings again.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,177
  • Nov 11, 2015 12:25am Nov 11, 2015 12:25am
Quoting radityo.ardi
{quote} Yes bro, during these long 3 months of good run, today is a test for us. Had no clue, why. But I suppose due to speculant ahead of Draghi's speak. Floating loss is over my head now.... Waiting for a good time to cut loss. I may need to review the settings again.

Hi Rad,

My plan for today (stop mode only)

Attached Image


Trade GU at 17:00, 30min ahead of the news, sometimes it starts moving earier than release time.

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Use EA i attached before for TP (Two puple lines)

This is a high impact data trading, the market will test highest resistance or lowest support, then choose a direction.
No one wants to be defeated~
  • #2,178
  • Nov 11, 2015 1:00am Nov 11, 2015 1:00am
Quoting jonirrenicus
{quote} Hi Rad, My plan for today (stop mode only) {image} Trade GU at 17:00, 30min ahead of the news, sometimes it starts moving earier than release time. {image} Use EA i attached before for TP (Two puple lines) This is a high impact data trading, the market will test highest resistance or lowest support, then choose a direction.
That is also a nice idea...
You're looking at different angle, if you are too active looking at chart, every red high impact news, you can set STOP mode half hour before it came. The rest, you can also mix it with LIMIT order.
So, at least you can catch a sip of profit over there.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,179
  • Nov 11, 2015 1:16am Nov 11, 2015 1:16am
I'm closing my trades manually!
Luckily it went down after a short-sharp trend up... a little bit profit then closed the trade.
I may need to find out what was going on so we can avoid it in the future.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,180
  • Nov 11, 2015 3:37am Nov 11, 2015 3:37am
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