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Trapping System: Grid

  • #2,401
  • Nov 23, 2015 4:07am Nov 23, 2015 4:07am
Radityo,

For discussions sake..

The limit order variant of trading is VERY successful in times when the pairs are in a range.
The best times to EXPECT a range would be a week prior to deep red news such as NFP, FOMC Statements etc. (dependent on how important those news would be in the eyes of fundamentals)
Would you not think that this would be the best times to make the grid steps smaller and increase the overall risk so as to make the maximal gain from such a week alone?

Out of curiosity with my limited experience

Zz
  • #2,402
  • Nov 23, 2015 4:39am Nov 23, 2015 4:39am
Quoting hishamzz
Radityo, For discussions sake.. The limit order variant of trading is VERY successful in times when the pairs are in a range. The best times to EXPECT a range would be a week prior to deep red news such as NFP, FOMC Statements etc. (dependent on how important those news would be in the eyes of fundamentals) Would you not think that this would be the best times to make the grid steps smaller and increase the overall risk so as to make the maximal gain from such a week alone? Out of curiosity with my limited experience Zz
Your curiosity is same as mine.

As a matter of fact, I've set up again GTLIMITEURUSD3 with v1.8. Do you remember I've once set up GTLIMITEURUSD3?
It was having 7x lot size and 7x target bigger than GTLIMITEURUSD2. It blew up, due to starting and stop time is exactly the same as LIMIT2. But one thing I notice, it always closes at least 1 cycle, and it blew due to red news. Well, it's not 100% proven yet, since it blew quite quick for a few days.

So, I may want to take that chance!

So, I've set up another with LIMIT3, took the balance from the existing live account, then only deposited with USD 0.20 (it will be USD20 in Cents account). This starting balance is proportionally calculated with lot size 0.01 and target size as USD 1.5, both are fixed. So, daily if there's trade, USD 1.5 / USD 20 = 0.075, or that is equal to 7.5% per day. I was surprised that LIMIT3 can be started with USD20 only!

So, the plan is:
- Starting on LIMIT3 whenever no red news on the day.
- Turn off when there's red news on the day.
- Time started at 17:00 - 18:00 GMT.
- Time Stop Mode: Nothing to do.

Let us see what will happen. If it blow, let it blow to the heaven. Anyway I drop 0.20 USD only on the account. So, literally depositing 20 cents into cents account.. hahaha....

Infact, you can play this hybird mode kind of thing.
On normal days, run with LIMIT2. On low volume days, run with 2x lot size and 2x target profit with only 1 hour window.
It sounds greedy, but let's take a look on the long run.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,403
  • Nov 23, 2015 5:17am Nov 23, 2015 5:17am
Quoting radityo.ardi
{quote} Your curiosity is same as mine. As a matter of fact, I've set up again GTLIMITEURUSD3 with v1.8. Do you remember I've once set up GTLIMITEURUSD3? It was having 7x lot size and 7x target bigger than GTLIMITEURUSD2. It blew up, due to starting and stop time is exactly the same as LIMIT2. But one thing I notice, it always closes at least 1 cycle, and it blew due to red news. Well, it's not 100% proven yet, since it blew quite quick for a few days. So, I may want to take that chance! So, I've set up another with LIMIT3, took the balance from...
I do remember you talking about it being blown apart

Thats exactly the idea i had. On normal days, we continue with the stable set files and on days of low volume (in anticipation to some hot hot news) we can load a set file with higher risk and tighter grids. Come to think about it, you can even do this a good number of hours before the red news too (1 hour before the news the EA should be stopped).

Will play around with this idea on my end too gradually.

Radityo, you are using Roboforex's Pro-Cent account for your trading yes? Them broker treating you well so far? I have just created a live account with them.

Zz
  • #2,404
  • Nov 23, 2015 5:51am Nov 23, 2015 5:51am
Quoting hishamzz
{quote} I do remember you talking about it being blown apart Thats exactly the idea i had. On normal days, we continue with the stable set files and on days of low volume (in anticipation to some hot hot news) we can load a set file with higher risk and tighter grids. Come to think about it, you can even do this a good number of hours before the red news too (1 hour before the news the EA should be stopped). Will play around with this idea on my end too gradually. Radityo, you are using Roboforex's Pro-Cent account for your trading yes? Them...
They are professionally treating me very well so far.
So far in my life I worked with 3 brokers, and the issue that I have is only my preference with their account types. RF is the best (in my opinion), because I can play with cents live acc and at the same acc type with standard. Even leverage I can play with 1:1000.
The rest are just misunderstanding due to my fault didn't read their T&C.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,405
  • Nov 23, 2015 6:10am Nov 23, 2015 6:10am
Could you please tell me how to set the take profit settings if i only wanted say 5 pips profit per cycle..... Is there a way to do it?
  • #2,406
  • Nov 23, 2015 6:20am Nov 23, 2015 6:20am
Quoting radityo.ardi
{quote} They are professionally treating me very well so far. So far in my life I worked with 3 brokers, and the issue that I have is only my preference with their account types. RF is the best (in my opinion), because I can play with cents live acc and at the same acc type with standard. Even leverage I can play with 1:1000. The rest are just misunderstanding due to my fault didn't read their T&C.
My concern comes with the results I have obtained from demo

The demo accounts I have shown are Pro-ECN accounts based which means lower cost of trades. The Pro-Cent accounts have slightly higher spreads plus (swap free results in commissions) commissions so I am very keen to see what sort out live results i would get out of this.

Zz
  • #2,407
  • Nov 23, 2015 7:02am Nov 23, 2015 7:02am
Quoting Forexmeoff
Could you please tell me how to set the take profit settings if i only wanted say 5 pips profit per cycle..... Is there a way to do it?

There is no such profit in pips in here... the grid use $ profit target.
Look for it and you will find it
  • #2,408
  • Nov 23, 2015 7:31am Nov 23, 2015 7:31am
Quoting braveh4rt
{quote} There is no such profit in pips in here... the grid use $ profit target.
Hi,
Can you share your results using IC Markets account either demo or live.
  • #2,409
  • Nov 23, 2015 8:34am Nov 23, 2015 8:34am
Quoting radityo.ardi
{quote} Your curiosity is same as mine. As a matter of fact, I've set up again GTLIMITEURUSD3 with v1.8. Do you remember I've once set up GTLIMITEURUSD3? It was having 7x lot size and 7x target bigger than GTLIMITEURUSD2. It blew up, due to starting and stop time is exactly the same as LIMIT2. But one thing I notice, it always closes at least 1 cycle, and it blew due to red news. Well, it's not 100% proven yet, since it blew quite quick for a few days. So, I may want to take that chance! So, I've set up another with LIMIT3, took the balance from...
I have this in mind too..
I think higher lots (risk) is better for this EA. because we don't know when it will blown and yes it will someday.
it's not a holy grail.

So isn't it better to aim 100% gain fast?
and of course we need to tweak some settings to configure in this strategy.
I'll wait and watch closely on your EUR3 man... I'm interested too
  • #2,410
  • Nov 23, 2015 10:58am Nov 23, 2015 10:58am
Quoting radadiya
{quote} Hi, Can you share your results using IC Markets account either demo or live.
Hi,

my test last 3 weeks ago blow up but managed to get 200% with 40$ starting capital.
I use gtlimiteurusd2 setup, with close type right in starting point . With ecn account, spread 0.2 the scalping is good. Commision is nothing as long as you profit. On 1am - 5 am can have 6 trade and grow your account realy fast. But you have beware of news and select the best time. Nobody know when the chu chu train will take off and blow your account. 1 say limit it using predetermined stop loss or if you have big capital and know what your max risk and stick to your plan.
Look for it and you will find it
  • #2,411
  • Nov 23, 2015 11:09am Nov 23, 2015 11:09am
Hey guys,
to the ones that are using Limits, what are you going to do with the "Tentative Fed Announcement" ?
I think I will pass today (I have shifted the start time 1 hour later, 18:00 GMT, so I have one hour to decide), I don't want to have surprise with big candles or explosive movement due to unexpected releases...

Please share your thoughts...
  • #2,412
  • Nov 23, 2015 11:09am Nov 23, 2015 11:09am
Quoting braveh4rt
{quote} Hi, my test last 3 weeks ago blow up but managed to get 200% with 40$ starting capital. I use gtlimiteurusd2 setup, with close type right in starting point . With ecn account, spread 0.2 the scalping is good. Commision is nothing as long as you profit. On 1am - 5 am can have 6 trade and grow your account realy fast. But you have beware of news and select the best time. Nobody know when the chu chu train will take off and blow your account. 1 say limit it using predetermined stop loss or if you have big capital and know what your max risk...
why did it blew, mate?

i also use icmarket acc, and get 50% since october.
  • #2,413
  • Nov 23, 2015 11:31am Nov 23, 2015 11:31am
Quoting chucrut
Hey guys, to the ones that are using Limits, what are you going to do with the "Tentative Fed Announcement" ? I think I will pass today (I have shifted the start time 1 hour later, 18:00 GMT, so I have one hour to decide), I don't want to have surprise with big candles or explosive movement due to unexpected releases... Please share your thoughts...
Hi,
FED Announcement is shifted tomorrow in the calendar so it seems today is safe! to trade.
  • #2,414
  • Nov 23, 2015 11:37am Nov 23, 2015 11:37am
Quoting braveh4rt
{quote} Hi, my test last 3 weeks ago blow up but managed to get 200% with 40$ starting capital. I use gtlimiteurusd2 setup, with close type right in starting point . With ecn account, spread 0.2 the scalping is good. Commision is nothing as long as you profit. On 1am - 5 am can have 6 trade and grow your account realy fast. But you have beware of news and select the best time. Nobody know when the chu chu train will take off and blow your account. 1 say limit it using predetermined stop loss or if you have big capital and know what your max risk...
Thank you. I believe you trade in live account with IC Markets ECN account. You said "gtlimiteurusd2 setup, with close type right in starting point" ; can you give me exact set file you used.
  • #2,415
  • Nov 23, 2015 11:39am Nov 23, 2015 11:39am
Quoting yogasampurno
{quote} why did it blew, mate? i also use icmarket acc, and get 50% since october.
I test it run even with news release or when fed speaks to see how it behave. And also runing it from 1am - 10 am. But if with live better have enough capital . As marrket tendency to back to its price before move. I learn from quantum thread also. All move arounf LS and NS. If you dare try 4 hours before LS. When LS price will go other direction as usually Fa give false direction.

and also test it with GU and GN the big movers... When GN trending , can get alot pips. But when move , it move a lot ..

Key is not to greedy as Radityo said and limit your loss.

small pips and consistent thats all counts.
Look for it and you will find it
  • #2,416
  • Nov 23, 2015 11:44am Nov 23, 2015 11:44am
Quoting radadiya
{quote} Hi, FED Announcement is shifted tomorrow in the calendar so it seems today is safe! to trade.
Where did you find the information?
In my FF calendar (GMT) it is still today as "tentative"

Attached Image
  • #2,417
  • Nov 23, 2015 11:45am Nov 23, 2015 11:45am
Quoting radadiya
{quote} Thank you. I believe you trade in live account with IC Markets ECN account. You said "gtlimiteurusd2 setup, with close type right in starting point" ; can you give me exact set file you used.
I use deFault settings, look my previous post in this thread. You will find it.

with v1.7 grid. But just play with the close type to starting point and the grid open count to close if use new version. Mine was 1 so fast in fast out trades nd increase the LOt size accordingly.

You will see it clearly using the bAcktest how it behaves. you have try it don't you?
Look for it and you will find it
  • #2,418
  • Edited 12:04pm Nov 23, 2015 11:49am | Edited 12:04pm
Quoting chucrut
{quote} Where did you find the information? In my FF calendar (GMT) it is still today as "tentative" {image}
in my calendar it shows on 24th November 2015
Attached Image
  • #2,419
  • Nov 23, 2015 11:53am Nov 23, 2015 11:53am
Quoting radadiya
{quote} in my calendar it shows on 24th November 2015 {image}
Seeing your image I note that now in your time zone is 12.47 AM so I think the event is scheduled on 24 Nov because you already are in 24 Nov...and in your time zone calendar it didn't happen in Nov 23 (already closed day), so it is shifted forward until it happens... I think...

UPDATE: I cut the risk by 2 for my today session (18:00 - 22:00 GMT) and it started now...let's see what will happens...
  • #2,420
  • Nov 23, 2015 12:11pm Nov 23, 2015 12:11pm
Quoting chucrut
{quote} Seeing your image I note that now in your time zone is 12.47 AM so I think the event is scheduled on 24 Nov because you already are in 24 Nov...and in your time zone calendar it didn't happen in Nov 23 (already closed day), so it is shifted forward until it happens... I think... UPDATE: I cut the risk by 2 for my today session (18:00 - 22:00 GMT) and it started now...let's see what will happens...
FF sows my time zone 12:41am of 24th Nov 2015 whereas my actual time in India is 11:45PM of 23rd November 2015.

So is it safe to run EA or close trades in loss?
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