Flexi Grid Trap EA | Forex Factory

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Flexi Grid Trap EA

  • #1
  • First Post: Edited Dec 24, 2015 3:30am Dec 22, 2015 3:39am | Edited Dec 24, 2015 3:30am
Hi!

I have an EA here that is a hybrid of a grid system. The idea behind this thread is to take a look at the death sequence and see if there is a way to eliminate delay this as far as possible.

Can the death sequence be beaten? - Yes
Is it probable that we will beat it? - No
Are we going to try anyway? - Yes!

The basic idea behind the EA is as follows:

On startup - the EA places a line on the graph. A move in any direction more than "step" points, creates a trade in the same direction, and moves the starter line to the current entry. A further move "step" points in the same direction opens another trade in the same direction.

A move against the previous trade, will wait "step + more step" points before opening a trade in the opposite trade to the first one.

As more trades are opened - there is a factor applied to the lots after each set of "Lots Multi Frequency" trades

Once all open trades cumulatively reach a profit of "Target Percent", all trades are closed, and the cycle starts again.

There are a number of things we can look at:

 

  1. Ways to identify the death sequence before it happens, and stop the EA with an acceptable loss
  2. A method for regularly taking profits so that we don't have to fear the death sequence
  3. Using an alternative strategy for recovery from the death sequence.

It is not my intention to use this EA on a live account, but rather to use it as an challenge to overcome the death sequence. At this stage I will not be sharing the source code, as I don't want to try and manage multiple versions running around.

Attached are my best results so far, please share your idea's and suggestions on the system!

Thanks

Vlad

Attached Image (click to enlarge)
Click to Enlarge Name: Flexi Grid Trap.gif Size: 9 KB
Attached File(s)
File Type: rar Flexi Grid Trap.rar   67 KB | 1,231 downloads
File Type: ex4 Flexi Grid Trap.ex4   19 KB | 943 downloads | Uploaded Dec 24, 2015 2:48am
File Type: ex4 Flexi Grid Trap v1.1.ex4   21 KB | 1,224 downloads | Uploaded Dec 24, 2015 3:30am
  • #2
  • Dec 22, 2015 3:49am Dec 22, 2015 3:49am
Quoting Vlad13685
Hi! I have an EA here that is a hybrid of a grid system. The idea behind this thread is to take a look at the death sequence and see if there is a way to eliminate delay this as far as possible. Can the death sequence be beaten? - Yes Is it probable that we will beat it? - No Are we going to try anyway? - Yes! The basic idea behind the EA is as follows: On startup - the EA places a line on the graph. A move in any direction more than "step" points, creates a trade in the same direction, and moves the starter line to the current entry. A further...
Subcribed. Will follow this with keen interest.



Yomi.
Time always comes before price
  • #3
  • Dec 22, 2015 4:11am Dec 22, 2015 4:11am
Ok, first of all a nice and interesting grid approach. Different to most of the existing ones.
Without the .mq4 file the possibilties are limited, though. As there are only two noteable settings affecting the grid sequence the only way influencing the behavior is to expand the grid and stepsize i would say.
  • #4
  • Dec 22, 2015 4:15am Dec 22, 2015 4:15am
Quoting fxrabbi
{quote} Subcribed. Will follow this with keen interest. Yomi.
Thank you
  • #5
  • Dec 22, 2015 4:21am Dec 22, 2015 4:21am
Here is a more detailed explanation of the settings.

 

  1. Start Time & End Time - Trades can only be entered between these 2 times
  2. Grid Step - Points between the line on the graph, and the new entry point (Same Direction)
  3. More Step - The additional points that price must retrace by if price goes against the previous trade (0 means that the next trade in the opposite direction will be Grid Step points away)
  4. Target Percent - The cumulative profit of all trades as a % of account balance at which point all trades will be closed, and a new cycle started
  5. Lots multi Frequency - After this many open trades, a multiplier will be added to to the initial base lots
  6. Lots Factor - a number representing a factor that is applied to the initial lots (NormalizeDouble((AccountBalance()/Lots Factor)*0.01,2)
  7. Magic Number - standard magic number to ensure no confusion with other trades not opened by this EA

Attached Image
  • #6
  • Dec 22, 2015 4:24am Dec 22, 2015 4:24am
Quoting Drolph
Ok, first of all a nice and interesting grid approach. Different to most of the existing ones. Without the .mq4 file the possibilties are limited, though. As there are only two noteable settings affecting the grid sequence the only way influencing the behavior is to expand the grid and stepsize i would say.
Thanks Drolph

Yes I understand this, at this stage if there are good suggestions for features that can be added to the EA to improve it, I will add them and post the new version. I will look at releasing the source code once we have something more solid on the table.

Other than that we can backtest with various data sets to find a workable group of settings.

Vlad
  • #7
  • Edited 4:42am Dec 22, 2015 4:28am | Edited 4:42am
Quoting Vlad13685
{quote} Thanks Drolph Yes I understand this, at this stage if there are good suggestions for features that can be added to the EA to improve it, I will add them and post the new version. I will look at releasing the source code once we have something more solid on the table. Other than that we can backtest with various data sets to find a workable group of settings. Vlad
Oh, it is your code - so then i have to apologize! Thought you just found it. My bad!

This way it's all good, as you can add/change everything based on the discussion.

I already would propose two things:

1. A hard Equity SL. Using this a virtual withdraw can be simulated in backtest as well.
2. A fixed target value independent of the account size. It would reduce the DD risk with increasing deposit in combination with a fixed starting lot value.
  • #8
  • Dec 22, 2015 6:52am Dec 22, 2015 6:52am
Quoting Drolph
{quote} Oh, it is your code - so then i have to apologize! Thought you just found it. My bad! This way it's all good, as you can add/change everything based on the discussion. I already would propose two things: 1. A hard Equity SL. Using this a virtual withdraw can be simulated in backtest as well. 2. A fixed target value independent of the account size. It would reduce the DD risk with increasing deposit in combination with a fixed starting lot value.
Ok I'll look at that
  • #9
  • Dec 22, 2015 6:53am Dec 22, 2015 6:53am
Some better results...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 62 KB
  • #10
  • Dec 22, 2015 9:42am Dec 22, 2015 9:42am
Quoting Vlad13685
Some better results... {image}
poor quality n/a
and charts error 279631
This does not give the correct results
This site can help http://www.easyexpertforex.com/backt...imization.html
this back tests a bit complicated It does not always give the correct results
my advice is
a few months to run real-time In a demo account...
  • #11
  • Dec 22, 2015 1:04pm Dec 22, 2015 1:04pm
Quoting Vlad13685
Hi! I have an EA here that is a hybrid of a grid system. The idea behind this thread is to take a look at the death sequence and see if there is a way to eliminate delay this as far as possible. Can the death sequence be beaten? - Yes Is it probable that we will beat it? - No Are we going to try anyway? - Yes! The basic idea behind the EA is as follows: On startup - the EA places a line on the graph. A move in any direction more than "step" points, creates a trade in the same direction, and moves the starter line to the current entry. A further...

I tried your Ea, i like your idea, but you should change a lot, in this way it's just always the same martingale system that can blow your account.
This is my idea:

http://www.forexfactory.com/attachme...0&d=1450789464

you should decide a level price and add position until it reach a fixed target(with r:r1:3).
After a while you have to stop to add position .
  • #12
  • Dec 23, 2015 4:22am Dec 23, 2015 4:22am
Quoting Gurudeva
{quote} I tried your Ea, i like your idea, but you should change a lot, in this way it's just always the same martingale system that can blow your account. This is my idea: http://www.forexfactory.com/attachme...0&d=1450789464 you should decide a level price and add position until it reach a fixed target(with r:r1:3). After a while you have to stop to add position .
Thanks, I like the idea of a fixed level and specific target level.

What will stop your idea from wiping the account as well? maximum number of trades? What do you do when the max is reached?

Vlad
  • #13
  • Dec 23, 2015 4:26am Dec 23, 2015 4:26am
Quoting Gurudeva
{quote} I tried your Ea, i like your idea, but you should change a lot, in this way it's just always the same martingale system that can blow your account. This is my idea: http://www.forexfactory.com/attachme...0&d=1450789464 you should decide a level price and add position until it reach a fixed target(with r:r1:3). After a while you have to stop to add position .

Well, his idea is indeed NOT THE SAME as most of the grid approaches. By using flexible entry levels he is trying to adapt to the market situation. Static levels and fixed increments sizes you can find elsewhere as well. Don't give up on this basic core idea of the project!
  • #14
  • Dec 23, 2015 6:37am Dec 23, 2015 6:37am
Quoting Vlad13685
{quote} Thanks, I like the idea of a fixed level and specific target level. What will stop your idea from wiping the account as well? maximum number of trades? What do you do when the max is reached? Vlad
An example:

Choice a price level , create a 10 pips box, go short below the box, go long above the box. Take profit 30 pips.
It's a stop and reverse system.
Entry lot
1)0.1 = profit 30
2)0.1= profit 30-10 =20
3)0.1 = profit 30-20 = 10
4)0.1 = profit 30-30 = 0
5)0.15 = profit 45 - 40 = 5
6)0.2 = profit 60 -15-40 = 5
7)0.3 = profit 15
8) and so on....
It's a very light lots increment, you could get also 20 consecutive losses until it reach our take profit, but anyway a certain point you will stop to add position and you will wait the target profit that can be a loss as well...
In the meanwhile we will compound any small profit...
  • #15
  • Dec 23, 2015 6:42am Dec 23, 2015 6:42am
Quoting Drolph
{quote} Well, his idea is indeed NOT THE SAME as most of the grid approaches. By using flexible entry levels he is trying to adapt to the market situation. Static levels and fixed increments sizes you can find elsewhere as well. Don't give up on this basic core idea of the project!
Your right i think the same. In fact the best way should be that manually we choice a fixed price level and then we will wait target profit, after that we manually will choice another price level to applicate that.

The focus is that price can't stay hold on the same price level forever.We just should find the right moment with high volatily.
  • #16
  • Dec 24, 2015 2:51am Dec 24, 2015 2:51am
Ok I have added version 1.1 of the EA to the first post.

The following options are now included:

 

  1. % Equity Stop Loss
  2. $ value for target
  3. Fixed Lots

I have not done much testing yet, will start now. Looking for some decent price data to use - will have a look at Gokay's suggested link.

Merry Christmas all!

Vlad

  • #17
  • Dec 24, 2015 3:09am Dec 24, 2015 3:09am
Great!

i will test it.

One small note: by fixed lots i didn't mean fixed for all trades, only for the starting lot. Of course you have to increase the size in order to get out of the basket as soon as possible.
  • #18
  • Dec 24, 2015 3:30am Dec 24, 2015 3:30am
Quoting Drolph
Great! i will test it. One small note: by fixed lots i didn't mean fixed for all trades, only for the starting lot. Of course you have to increase the size in order to get out of the basket as soon as possible.
Yes that's true! I've changed it to that - please re download?
  • #19
  • Dec 24, 2015 4:15am Dec 24, 2015 4:15am
Redownloaded! Good job - first look while backtesting looks way more promising. Going to test least 5 years with take profit of 5$ and starting lot 0.01.

Going to post the results.
  • #20
  • Dec 24, 2015 9:29am Dec 24, 2015 9:29am
Quoting Drolph
Redownloaded! Good job - first look while backtesting looks way more promising. Going to test least 5 years with take profit of 5$ and starting lot 0.01. Going to post the results.

Account size please... the one you used
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