Trapping System: Grid

Thank you very much for the Excel spreadsheet!

OK. Back to FF.
Continuing from my previous post about STOP orders' calculation: http://www.forexfactory.com/showthre...45#post8601745. So, the conclusion is, the more you got orders on the opposite side executed / opened, you'll be having more risks getting stuck. Or actually, let us say we agree that you are in a large floating loss, very large. Imagine (please calculate yourself) if you have STOP, 10 orders upper and 10 orders lower. Technically you are in large loss, in which this is why STOP most likely much easier to fail if the trend is not on our side.

I'm not sure with you guys, but if STOP is used on the high impact news, that's fine. But you must be aware, even on the biggest event like NFP or interest rate announcement, the price sometimes drawing a large movement then retract back. This is the fact I watched myself. Very rare, yet quite impressive movements.

OK, so now, we are getting into LIMIT orders' calculation.
Let us do the same benchmark using the pre-defined parameter earlier.

Now, since I'm using limit, I want to know at what price is the profit for $50. Assuming that cycle was started at 1.07377 (Bid) and 1.07395 (Ask). Price went down until the very first BUY LIMIT executed, then the price move up. When looking for the right profit amount of $50, it was almost touching the first SELL LIMIT. But it didn't reach there.

The profit for $50 is at 1.07247, this is nearly touching the first SELL LIMIT, which of course, by right, already passes the middle point. If you use Middle Point and set it to 1, this would've been closed earlier. But no, we would like to find out the point where we need to reach.

What risk we have in LIMIT?
Yes, we do have risk, like what we've seen far earlier. Sometimes in a week, in the end of daily time of GTLIMITEURUSD2, the trend starts. But you see, so far what the principle I was holding on is still valid. In every trend, most of the times it will retract back a little bit, then either continue the trend, or reversed direction. The red text, identifies the one that will help us in LIMIT order. Unless, in that timerange was having high impact news (in which now we are avoiding it) and probably it was news about a major changes in interest rate, or economy suddenly became very good (impossible), then it will have a strong trend.

I once watched this kind of trend which continued until open of NY time, then continues to end of NY time the next day. Then my LIMIT orders was in huge loss, and finally blew out. But if you following me since my first thread, you must be knowing that this was because of I ran the EA Monday to Friday, even on the Friday-Monday's gap, and it was started at 01am to 02pm. There was no mechanism (manual) to avoid trade at particular date, and sometimes high impact news out at 3am in the morning, sometimes at 5am.

My best knowledge, 01am or 2am is the best time to start. And stop time is around 6am. I tell you what I've observed, it always closes at least 1 cycle no matter what, even during last week's heart attack when the chart started to trend up. Before trending, it closed already 1 cycle. So, if the current profit for current cycle is only $0, I still got profit for the day due to the earlier cycle was closed in profit.
Yes, I do believe, that principle might only be apply on Roboforex. But I think if you got the other broker with the "almost" the same account type and contract specifications, I don't think it will be much different.

Understand?
OK, so now let us continue.

So, let us simulate on when the price is trending. Since in LIMIT we are expecting the price to move back to the initial price, all orders will be in profit. Don't believe me? Just try with the excel file I've given to you.
Now, I put the current bid to the initial bid price, and set buy orders and sell orders to 5.

You see, you get a big ass $1,250. So, nothing to be worried about if the price is back to the initial price. That's what we want!

Now, let us play with trending situation. I've placed situation where the current Bid price is the same as the last opened buy price, assuming the bearish is so strong.
With Buy 3 and Sell 0, I got -$150, a clean loss (no profitable order at all).

Let us see where is the $50.

It is exactly between 1st BUY order and 2nd BUY order. The break even is on the 2nd order's price actually.

Now we see, what if we put 10. Can the EA and the price movement handle it?

Now, EA doesn't need to move up until 1.07261, but only till 1.06887, halfway of the all orders.

Now let us play more on the buy orders and sell orders.
Assuming that the earlier screenshot, the orders were created with Auto-Expand logic, also assuming that the initial orders count were only 3 like in the initial, and also assuming that you didn't turn on Auto-Expand, what will happen?

At the same point at 1.06887, your orders will suffer -$510!
That's why Auto-Expand helps in supporting LIMIT orders. If in any case the market is trending then retract a little bit, you may have a higher chance of getting close by profit. Or in simple word, it doesn't need to move back to 1.07261 which is too far to get profit. But it only need to move until 1.06887.

Now, what if with 10 orders in loss due to trending, the other opposite orders were once executed? Of course it will adds up the profit, and even better and faster profit closure. By adding up 3 more orders in the loss section, the profit is quite high, $1050 compared to the previous ones.

Happy reading!

Hi
will EA will do all on auto or we need to feed in excel and EA will take command from excel?

Excel is just for simulation. No connection with EA at all.
Let say you want to play around with some cases, this excel will help. But this excel will not do anything to the EA, it's totally independent. Even you can do at home without internet connection, or by mobile (excel on Android / Windows Phone).

So if I trade with 0.5% profit target and I want to be done @ 1% I have to set Max Cycle to 2, is it correct?

Thank you Radityo for clarification.

I have set my EA to stop trading on Friday (i.e. Stop trading Day) despite its taking trades on Friday (today). Any suggestion for this stopping trades on Friday by EA. Please see attached screen shot as reference.

Hahaha....genius!!!
I even never thought of that!

Yes, you can do that also.

Read this: https://rdzgridtraps.codeplex.com/wi...imiter%20Logic

had a blast trading with Rad's fantastic ea! Been experimenting using the limits! There's so much potential with this baby!

Forgot to turn off my ea on friday, if not the account will be growing steadily. I think it would be cool if there is a news function added to give red news alert. =P

anyway, thanks Radityo. Terima Kasih!!

green pips

Just for the last words before closing this weekend.
GTLIMITEURUSD2 Live is now in perfect 15% gain for this third week. I do believe this can grow more, LIMITREBOOT is now 23%. But better be safe than sorry later.

Thanks for your kind words, and thanks for the support. Am closing this week with smile!
We'll see you in next week. Hope you all guys have a great tasty dinner after getting profit...

For one more laugh...

Hi Radityo, I studied your spreadsheet.

I seem that if we have no fear to add many limit orders against the trend, why don't we adopt a martingale approach?

I know that this approach brings more risk in terms of size, but on the other side it would be easier to reach the break event point.

I saw the thread in you were testing the martingale approach, are the results not encouraging?

Hi Radityo please take a look at the attached Excel file.

In the first sheet I create a cycle that goes to breakeven @ 1.069 Ask.

In the sheet "Martingale" I manually modified the Lots column in order to obtain a Martingale approach. In this case the breakeven is obtained @ 1.0675 Ask.

Is it correct? Only 15 pips difference between the two systems? I would expect a lower breakeven under the Martingale approach.

Been an interesting week have tried many different settings the one I struggle with is the time but am getting there.

Trying to trade open London which is 7.00pm here and close around 11.00pm as most of the worst news seems to happen around 2.00am (pacific time/my time) so more than happy to sit out that session plus have been trading manually and also still trading my beloved Gold

radityo.ardi

can you upload it here please? because i cant find it on the other site

Amazing work mate! I've been quite offline this days and back and find such a nice surprise...
It helps a lot, you can simulate environments and help to try and choose grid sizes and so on (without every time taking a sheet and do the math...), Really thanks!
Gtlimiteurusd2 is working well on my side too, another amazing week is gone...Let's see the next one...(I modified the start hour to 18:00 GMT)

I'm a kind of fan too of the Martingale approach, but i think it would be better on the Stop orders. I try to explain my point. My Stop orders set file use a target profit of 2 3 pips and need only one order to reach it, but sometimes the price activates the order and than goes other way and in this case I need 3 orders in the opposite direction. So i thought the same of you, why not try a Martigale approach? When 1 order is triggered re-size the opposite side of the grid...
Limit orders are working quite well, and sincerely I don't like the idea of Martingale on limit orders, it gives me quite stress...

Amazing results mate! What kind of settings are you using? Are you trying to operate London Open using Limit orders??

I'm definitively becoming a fan of yours. I like your approach and I'm interested in knowing more, keep on posting mate!

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Thanks to Rad and all other to participate here, i'm truly convinced that this EA has big potential if we know how and when we use it. I would like to share now the set files that are giving me the best results, if you want to check or try them (demo first) I would be glad to receive your opinions...(all are from v1.7 and GMT time)

1) GTL_SAFE -> basically is GTLIMITEURUSD2 from Radityo but with start time shifted 1 hour later (18:00 -> 22:00 GMT) and Target Multiplier reduced to 0.75%
2) GTL_AGGRESSIVE -> is the same of GTL_SAFE but with a tighter grid (Current Price Interval = 30 and Grid Step = 40)

(I reduced the Target Multiplier to 0.75% because like said many times I noticed that many cycles are closed by the "Middle Point" logic and so when it start to trend I prefer get out earlier and faster, at the first chance . GTL_AGGRESSIVE is producing more profits, both looks stable. GTL_AGGRESSIVE got almost 55% in the last month, GTL_SAFE is getting more similar results to the GTLIMITEURUSD2 from Radityo. Lower but safer)

3) GTS_LONDON -> Stop Orders for London Open. It is set to start half hour before London Open and trade for 3 hours. Lots Multiplier are lower and Target Multiplier is set to always have a target between 2 or 3 pips. (0.15% of the balance). I prefer many and faster cycles, with 4 5 cycles you reach 1% and in my opinion is enough for the day.

(Right now I'm feeling better using Limits sets (even if globally talking I feel better using Stop due that with big unexpected event with Stops we have more probability to don't blow up) because when using Stop sometimes I have to intervene and stop manually some cycles, even if it is showing goods results. Meanwhile until now, using Limits, I never had to do something manually. Only switch it off if there are Red News)

Next week calendar for LIMITS would suggest us to turn it off at the Wednesday Session due to FOMC Meeting Minutes.
Have a nice week end to all here!

Yes I am trying to trade UK open then close before any big news out of US which is normally around 2.00 am my time and yes using limit orders but only on ranging pairs

if they start to trend I will try stops.

But how to determine a trending par???? it may be trending on the daily but ranging on the hourly so that will be interesting

setting are

What do you think about the FED Announcement scheduled for Monday? I seem there isn't a specific time.

if we use a grid with sell limit and sell stop, or buy limit and buy stop , we're getting to reduce on 50% of the possibility to get stuck, so we'd have a possibility of getting stuck, to make up for this possibility we're able to use another half-grid with current price intervalo very big so this way if the price has a big trend and get stuck our grid , enter this new half-grid and compensate the loss of our grid, if we have grid of sell limit and sell stop, get stuck when the price go up strongly, well, we use another grid with only buy stop and current price interval very wide so that this interval to be used by our grid, and compensate when the price go up strongly. What do you think about? i'm going to try it.

note: we'll use sell grid with downtrend and buy grid with uptrend

ECN fixed spread NDD looks like a good option. May I ask what account type do you use for the EA?

I'll start the week running with 2 systems:

- profit target 0.5% and max cycle 2
- profit target 1% and max cycle 1