Expanding Grid

EG103 022b

Changes:
Start and End times are now broker server time (TimeCurrent()) instead of local computer time. Be sure to check your broker time before setting this parameters.
Optimized the end time to ignore the last minute of the day (from 23:59 to 24:00). If you want to terminate at that time, enter 23:58 instead.
some code optimizations.
please re-download in post one or click here:
http://www.forexfactory.com/attachme...8&d=1450754442


Please post your settings/results
thanks, bauta

Well!. I think USD is in a bubble and it may fail at any moment, who knows?. There are peoples saying the same for many years now.
This is how I see it, oil goes down, then to the pros to continue been richer, USD must go up. a way to offset the profit.
I particularly observe oil, if I see something that ring the bell, I get out of USD (closure mode) till I get clear of what is going on.
EG103 works with any pair and also it may be good for futures markets. The only reason to fail is the lock of money, problem I do have and many of us having here. we do not have 100K, or 50K, or 10K, to put it there.
We need to be all of ourselves into this business, it can not run unattended, not an ATM. we need to be on alert, proactive here, find the news before it occur and if we feel that something will be wrong, closure mode as soon as possible.
The other day during my sleep I was dreaming about a finding of gold un USA. Ha!, I did get out of the bed and I did activate Closure mode on all my charts. That is, it is a feeling, if you get it or suspect it, closure mode, then after your feelings are cleared up, start again.
Do it like that, it is not been scared all the time, it is been protecting your business.
My advice: Always look at the loss/risk and always know what you can loss and how you can protect the money, concentrate on the risk and forget the profit. The profit is unknown, the risk is know.
This are the parameters that decrease risk in EG103:

Decreasing Grid_Factor.

Decreasing ProfitTarget

Decreasing OrderMultiplier

Decreasing Start_Lot_Qty

Increasing Grid_Increments

and for ALL at once, increasing capital.

Note that when you decrease risk, you also decrease profit factor, they are directly proportional.
OK, time to homework,
thanks for your comments,
bauta

Oh my God , this job is most difficult job on the World !!!

I would like to give my contribution, but EA EG 22 103 does not work!
Also setting it is not still working.
Help me!

click here
http://www.forexfactory.com/showthre...51#post8436651

I did created a portfolio at myfxbook.com

it is 1K reserved and 1K per pair, trading 0.10 lots (10,000). Initial deposit 3K.
3K = 1K(reserved)+1K(EURUSD)+1K(GBPJPY)
Settings: (v022b)
Start_Lot_Qty=0.10
style=scalperGrid
Grid_Factor=8
all others parameters as default.

I will be adding pairs as new 1K profit is reached.

this is the portfolio link if you want to fallow it:
https://www.myfxbook.com/members/lba...r-pair/1457909

thanks, bauta

I will follow...

It will be interesting to see how the account does with a relatively low starting balance. Not many of us can raise 50k to trade with.

GBP/JPY is to scary for me to trade.

The idea here is to see how scalperGrid performs with small capital. It must run for at least three month to be able to call.
Let's be patient here.
bauta

Because I lost money last week, I just created Micro account and put 336$ in there.
Bauta, appreciate if you let me know how profit factor works with Micro accounts. is there any difference in calculation?!
Thanks

Hi, I have started a live demo test on ScalperGrid with following settings. You can see results from this link : http://www.forexfactory.com/akkus45#acct.83

Initial deposit 53K. 53K = 10K(reserved)+10K(EURUSD)+10K(GBPUSD)+10K(AUDUSD)+10K(NZDUSD)

Settings: (v022a) Start_Lot_Qty=1.0 style=scalperGrid Grid_Factor=8 MoneyT.P. 20 , all others parameters as default.

Same calculation, default target is calculated using lot size and point value, example, if you micro account lot size is $1,000 then for EURUSD 10 pips target will be 0.01.
Target for 10 pips grid increments sample, start_lot_qty=0.01:
lot of 100,000 , target is $1.00
lot of 10,000, target is $0.10
lot of 1,000, target is $0.01
Run the I-MinLot script and look at the lot value

Prorate your parameters as your lot size. Our test, standard accounts, lot size is 100,000
if you want more detail, screen shot your I-MinLot and post it here.
Bauta

Thanks for the explanation! here's my Micro account screenshot, lot size is 1000

LotSize is 1,000, your average default target for EURUSD will be 0.08 for 0.01 lot.
Scalping will not work with lot of 1,000 using default values because it minimum it to 0.20. You must to enter it manually in TakeProfit parameter. if you want to scalp here, you can set Grid_Factor=8 and TakeProfit=0.02 or 0.03
500 trades a day will be $10. Not bad at all.
Note that EG103 target is profit-spread-commissions-swap. In other works, it is net target.
let me know,
bauta

Let's talk scalperGrid
More and more traders emailing to me asking for scalperTrader and how it works, it may be because the FIFO compliance or because the scalping feature.
First and at all, it is not possible to back test it on MT4, tick data is not available there for testing. A third party provider is needed to test it. I do test some of may formulas using NinjaTrader.
The idea behind scalperGrid is to open many but many orders and exit then for small profits. That is scalp. (not high frequency trading yet)
scalperGrid is a limited order style, it means that orders to buy are opened below price and orders to sell are opened above price.
scalperGrid open the first position following hourly simple moving average of 50. SMA(50) H1. Below SMA goes short, above goes long.
scalperGrid default parameters:

TakeProfit=start_lot_qty*10 (ten times the initial lot quantity, minimum is 0.20)

Grid_Factor=4

scalperGrid start opening only one position. I does not hedge. (if you increase target to more than grid increments then it may hedge and then becomes not FIFO compliant)
scalperGrid closes at the small target and reopen a new position, more of the times at the same direction. Don't ask here why not to keep the previous position open, exposure is the main reason. Share the money with the broker and you will be OK. Try to take al the money for you and then you will lose it all.
scalperGrid double the last order at grid level if target is not reached. Accumulate against the move. In future releases I will populate a parameter to allow you to override the multiplier. Bigger the multiplier, best profit, more risk.
scalperGrid moves the center of the grid as it opens new orders. Grid is dynamic, it is not a channel.
setting profit target to spread * start_lot_qty archive good results. try it out. Example, EURUSD spread=3, stat_lot_qty=0.10, TakeProfit at 0.30
scalperGrid needs a broker that allow scalping. it may place more than thousand orders per symbol per day.
Any reason to not scalp? Do you believe in over trading? Then this is not your EA.
I was one developing an EA to open one million orders a day per one cent profit. 1,000,000x0.01=10,000 per day.
Got it? (do you know HFT)
bauta

Thanks Bauta for your valuable guide.
Please be informed I have opened EG103 22b on EURUSD with Grid increment 4 and default take profit. Last night it worked on a temporary demo account, hopefully it also work here. Anyway new Trade explorer is being setup for this situation named "Nano EG103 22b(Live)"

Hi Dear Shamim , are you using Symmetry and Scalper of ver.22b together on your new live account ? Thank you.

Hi friends , I did some research on FX parity . They can be dangerius as out of forecast movements on last and first weeks of year . If I'm wrong please correct me .

Hi,
I use Symmetry with Grid increment 4 on EURUSD, USDJPY, GBPUSD, EURGBP
Please be advised the account is very slow and every 100 profit is 1 USD cent!

This is Master Bauta's advice , isn't it ? There is nothing to be done . We need to obey him .