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Trapping System: Grid

  • #2,601
  • Dec 2, 2015 1:44am Dec 2, 2015 1:44am
Quoting hishamzz
{quote} Jon, Could you detail out on how exactly you kick off the STOP trades? Basically :- (1) What you look for in the charts (2) Point at which you trigger the EA (3) Set file used for the EA. Interesting to see your usage of stops in trading but I am still confused on your analysis based on Fib levels. Fib levels are drawn based on personal experience so its a bit difficult to exactly see what you see (if you get what i mean). Kudos on the pips! Folks - Madam Yellen is to talk tonight and as always, better be safe than sorry. Switching off...
There is no secret....I was said it before.

I replace all buy stop with sell limit, sell stop with buy limit....

One change makes stop EA a very powerful weapon.

When you are right you earn a million, when you wrong you breakeven...


100 pips was earned by limited EA, stop EA just breakeven due to wrong direction.


Attached Image (click to enlarge)
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Start EA at Fibo 23.6 lvl, and close manually due to bad situation.
No one wants to be defeated~
  • #2,602
  • Dec 2, 2015 1:50am Dec 2, 2015 1:50am
Quoting jonirrenicus
{quote} There is no secret....I was said it before. I replace all buy stop with sell limit, sell stop with buy limit.... One change makes stop EA a very power weapon. 100 pips was earned by limited EA, stop EA just breakeven due to wrong direction. {image} Start EA at Fibo 23.6 lvl, and close manually due to bad situation.
Did not really get you bro!

What you just mentioned now is that you switched from stop to limit orders.
I get it that you switch from limit to stop when there is a possibility of the pair trending in that direction but how do you determine if the pair is gonna move in a direction or not. That analysis is what we would love to hear about

zz
  • #2,603
  • Dec 2, 2015 1:59am Dec 2, 2015 1:59am
Quoting hishamzz
{quote} Did not really get you bro! What you just mentioned now is that you switched from stop to limit orders. I get it that you switch from limit to stop when there is a possibility of the pair trending in that direction but how do you determine if the pair is gonna move in a direction or not. That analysis is what we would love to hear about zz
No no no you dont get me.

I'm not swith limit to stop, they are seperated EA.

Limited EA use on ranging market.

Stop EA use on trend market.

To determine the trend you have to draw fibo line manually like this...

Attached Image (click to enlarge)
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This is a down trend because 61.8-78.6 resistance is still holding. once broke the trend reversed.
No one wants to be defeated~
  • #2,604
  • Edited 2:35am Dec 2, 2015 2:18am | Edited 2:35am
Quoting radadiya
{quote} Hi, The December may be very volatile for trades due to many high impact news release. Volatility expected through this month because December marks the single biggest month in monetary policy decisions all year. Starting on Thursday, 3rd is the ECB, where Draghi will announce the outcome of the Governing Councils re-examination of QE. The market is already pricing a 10 basis point cut to the deposit rate and an expansion of QE, however if Draghi over-delivers then there will be plenty more downside in the euro. In response to the ECBs further...
I'll post only on the weekly period. Plus daily will be there if need to.
Because sometimes some news are just popped up (previously doesn't exist, then it shows) a few hours in the calendar.

For tonight, of course turn it off would be a better idea. The rest of the day, I suggest you to turn off. For me, I'll wait and see, decision may come around 00:00 SGT.

Here are the suggestion list to turn off GTL_EU2 or GTLIMITEURUSD2 (based on my time, Singapore Time).
3 Dec - 01:25 - Fed Chair Yellen Speaks, 04:40 FOMC Member William Speaks.
17 Dec - 03:00- Federal Interest Rate, FOMC meeting, FOMC press conference. Expect large movement on this.

I think that's it for this month's "to avoid" list.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,605
  • Dec 2, 2015 5:07am Dec 2, 2015 5:07am
Now, I'd like to play once again with the settings. This is done only by changing and experimenting with the settings.

Pair: still with our lovely EURUSD.
Now, imagine that we put limit orders during end of London time until end of US time. We shifts the end time a little bit earlier around 1 - 2 hour. The fun part is, let us put 2 LIMIT orders only. I want all orders to be closed when it all turned to open orders. That means, it will require 1 order to be executed, when the second order turned into open order (no more pending orders) it will immediately close all orders.

What I have to change on the GTLIMITEURUSD2 or GTL_EU2...
Grid Order Count = 1
Current Price Interval = 25
Close Type = Target Based OR All Orders Opened

Now, I'd start backtesting, from Jan 2014 to Dec 2014.
In the very first run (while clocking some profits), it formed this profit graph.
Attached Image (click to enlarge)
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FLAWLESS!

But then, we have problem!
When the price is trending, that is our issue. There will be 1 floating orders which could stays days even months.
OK, relax.
Now, let us see what is the root cause.
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The last opened order was on 5th Sept 2014, that is where the trend starts and never came back. Check the news.
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Fine, we can avoid that, as usual, click on Stop Next Cycle on that day.

Then I'll continue testing again from 5th Sept 2014 onwards. Aaaand, it got stuck here: 30 Oct 2014.
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Fine, we still can avoid that.

So, in conclusion, there are some logic combination that we haven't explore. We're just testing A, not B, C, D, E combination. There'll be hundreds of set file that can be produced from this EA.
You can use backtest to do a benchmark of the settings. But then you can't really rely on it, since it is just a backtest. It can't simulate some of the key factor like dynamic spreads.

I may not recommend the setting above. But we can try it on demo.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,606
  • Dec 2, 2015 10:16am Dec 2, 2015 10:16am
Quoting radityo.ardi
Now, I'd like to play once again with the settings. This is done only by changing and experimenting with the settings. Pair: still with our lovely EURUSD. Now, imagine that we put limit orders during end of London time until end of US time. We shifts the end time a little bit earlier around 1 - 2 hour. The fun part is, let us put 2 LIMIT orders only. I want all orders to be closed when it all turned to open orders. That means, it will require 1 order to be executed, when the second order turned into open order (no more pending orders) it will immediately...
Wow.. nice idea Radit..

quick in and out, and make the other level as exit trigger. but is it better not closed after open, it cost us when the second limit hit and then closed imidiately. why not make when limit 1 hit, other side limit canceled and make it as target

i try it also and seems need select best time if want fully automated. or maybe 1 hour running only with bigger lot.

let say lunch time or in the early morning in asia session.
Look for it and you will find it
  • #2,607
  • Edited 10:49am Dec 2, 2015 10:37am | Edited 10:49am
Quoting radityo.ardi
{quote} I'll post only on the weekly period. Plus daily will be there if need to. Because sometimes some news are just popped up (previously doesn't exist, then it shows) a few hours in the calendar. For tonight, of course turn it off would be a better idea. The rest of the day, I suggest you to turn off. For me, I'll wait and see, decision may come around 00:00 SGT. Here are the suggestion list to turn off GTL_EU2 or GTLIMITEURUSD2 (based on my time, Singapore Time). 3 Dec - 01:25 - Fed Chair Yellen Speaks, 04:40 FOMC Member William Speaks. 17...
Thank you Radityo! I closed EA for tonight.
  • #2,608
  • Edited 7:39pm Dec 2, 2015 7:27pm | Edited 7:39pm
sigh....missed 38.2 fibo stop trade.....the trigger was in Asia session....who will trade at that time?


Attached Image (click to enlarge)
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only 115pips by limit EA
No one wants to be defeated~
  • #2,609
  • Dec 2, 2015 7:33pm Dec 2, 2015 7:33pm
When the price is trending, that is our issue.


I said that limit trading had no future, it turned out i was wrong....

There is a way to avoid breakout for limit trading, that is start EA after the break.

It will reduce our profit but it's quite safe, even on NFP day.
No one wants to be defeated~
  • #2,610
  • Edited 9:00pm Dec 2, 2015 8:14pm | Edited 9:00pm
Quoting jonirrenicus
When the price is trending, that is our issue. I said that limit trading had no future, it turned out i was wrong.... There is a way to avoid breakout for limit trading, that is start EA after the break. It will reduce our profit but it's quite safe, even on NFP day.
Hi,
what approximate time interval you use for plotting fib level?
  • #2,611
  • Dec 2, 2015 8:58pm Dec 2, 2015 8:58pm
Quoting jonirrenicus
{quote} No no no you dont get me. I'm not swith limit to stop, they are seperated EA. Limited EA use on ranging market. Stop EA use on trend market. To determine the trend you have to draw fibo line manually like this... {image} This is a down trend because 61.8-78.6 resistance is still holding. once broke the trend reversed.
Hi,
Your results are very good!
I am confused with your statements.
1. Fib Level: you used M15 chart but which high and which low to be connected is subjective! can you mention the time period to be covered by High and low?
2. Are you running EA on two charts one with Limit and another with STOP using different magic numbers?
3.In your earlier statement you said change Limit to stop order etc... How do you change Limit order to stop order and stop order to limit order which are already active?
It will be appreciated if you can write step by step process in simple English.
  • #2,612
  • Dec 2, 2015 9:00pm Dec 2, 2015 9:00pm
Quoting braveh4rt
{quote} Wow.. nice idea Radit.. quick in and out, and make the other level as exit trigger. but is it better not closed after open, it cost us when the second limit hit and then closed imidiately. why not make when limit 1 hit, other side limit canceled and make it as target i try it also and seems need select best time if want fully automated. or maybe 1 hour running only with bigger lot. let say lunch time or in the early morning in asia session.
That's actually the idea of setting this.
By setting "Target Based OR All Orders Opened", when the 2nd order triggered to open, it will immediately close all.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,613
  • Dec 2, 2015 9:09pm Dec 2, 2015 9:09pm
Quoting jonirrenicus
When the price is trending, that is our issue. I said that limit trading had no future, it turned out i was wrong.... There is a way to avoid breakout for limit trading, that is start EA after the break. It will reduce our profit but it's quite safe, even on NFP day.
That is one way to do it. Wait for breakout then put limit order. You need to observe more on this.

It seems like stupid idea, but hey... limit is the longest running strategy till date. The demo I was using to test in my trade explorer, it is now already 5+ months until now (started at June 2015).
If you ask me to code/fix your EA... it's probably not for free...
  • #2,614
  • Dec 2, 2015 9:18pm Dec 2, 2015 9:18pm
Quoting radadiya
{quote} Hi, what approximate time interval you use for plotting fib level?
Simple English is too hard for me... I can only write down Chinese English

Fibo lvl? try google " how to draw a fibo line correctly "

Stop or limit? just like Rad says both Stop and limit have it own use!

I think I have made my self very clear...

RDZ limit Trading, start after breakout I call this " Stupid half way in "
pros:avoid blowing up
cons:less profitable

RDZ Stop Trading, replace all buy stop with sell limit, sell visversa , use fibo as direction and trigger indi.
pros:a long shot
cons:Low probability
No one wants to be defeated~
  • #2,615
  • Dec 2, 2015 9:27pm Dec 2, 2015 9:27pm
I guess there will be no trend before 20:45
All major pairs have no connections in direction with each other....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 2 KB
No one wants to be defeated~
  • #2,616
  • Dec 2, 2015 11:30pm Dec 2, 2015 11:30pm
Quoting radityo.ardi
{quote} That is one way to do it. Wait for breakout then put limit order. You need to observe more on this. It seems like stupid idea, but hey... limit is the longest running strategy till date. The demo I was using to test in my trade explorer, it is now already 5+ months until now (started at June 2015).
"Stupid half way in" is of course stupid.

Yeah, more observation is needed but I never doubt on this strategy.

Once I succeed your limit EA will become "HXXX Grail"
No one wants to be defeated~
  • #2,617
  • Edited 7:37am Dec 3, 2015 12:44am | Edited 7:37am
Quoting jonirrenicus
{quote} Simple English is too hard for me... I can only write down Chinese English Fibo lvl? try google " how to draw a fibo line correctly " Stop or limit? just like Rad says both Stop and limit have it own use! I think I have made my self very clear... RDZ limit Trading, start after breakout I call this " Stupid half way in " pros:avoid blowing up cons:less profitable RDZ Stop Trading, replace all buy stop with sell limit, sell visversa , use fibo as direction and trigger indi. pros:a long shot cons:Low probability
Hi,
Thank you trying to make it simple but I did not understood exactly how to replace LIMIT to STOP and STOP to LIMIT active orders.
I am not asking how to draw Fib level. Fib level can be drawn for 1. Short duration High and low, 2 Medium term High and Low many and 3, Long period High and low points. What I am asking is your method of considering duration between High and Low which you are practicing. You can see the attached screen shot showing three different Fib levels(i.e. A, B and C in the attached picture) based on different duration on the same time frame for your reference to understand what I am talking about.

I just started your method from todays news.. see attached screen shot and advise, if any. I got 15% profit and closed EA as prices are moving up fast.
Attached Image (click to enlarge)
Click to Enlarge Name: FibLevels.png Size: 66 KB
Attached Image
  • #2,618
  • Dec 3, 2015 1:18am Dec 3, 2015 1:18am
Just to see how the expert works I decided to not turn off before Yellen speech (demo account).

The expert closed 2 winning cycles @ 0.5% gain (my personal set up) but during the second cycle the account suffered a 10% drawdown.

So once again, it is definitely better to switch off the expert before red news.

Or even better, turn on the expert just after the red news big volatility.
  • #2,619
  • Dec 3, 2015 2:15am Dec 3, 2015 2:15am
Hi Radityo, could you kindly switch the Observed Time Zone to GMT in the Trade Explorer?

Probably you have "match my FF Time Settings" but I think it could be useful for all of us to work in GMT time.
  • #2,620
  • Edited 7:24am Dec 3, 2015 3:50am | Edited 7:24am
I think I'll switch my trading window to 19-23 GMT (instead of default 17-21 GMT) in order to decrease the exposure to the NY session and close the window just before Tokyo opening.
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