OK, first of all, I'll give you insights of what was happened yesterday on my accounts.
I'm still confused with the unusual movement at 3:30am SGT. That time is the time where reaching closure of the current day, and about to reach the next day trade. It is not usual, since this kind of movement sometimes happen only in Friday, but Wednesday??
So, for all of my account, the movement are same stuck in buy position.
I saw @jonirrenicus' fibo, and it did touches, from that point I expect a retracement. But too bad, it didn't touch 1.09440 or 1.09450 as I expected. It was just until somewhere in 1.09350. Then it continues...
At this point I don't want to watch chart too much, because I may get too emotional and take the wrong decision. So, I took a snapshot at 00:00am before I slept, and it reaches somewhere in 1.08750. I feel the price was too exhausted to go more down, and hope that the next morning will be reaching at least 1.08870.
It did reach further than that, and the BOX (http://www.myfxbook.com/members/radi...-cents/1429980) managed to close in profit. But not with GTLIMITEURUSD2 (Live Cents) above. I do expect it can reach at least 1.09190 so I can close it off for yesterday's madness.
Another story with BOX (account that I've been using for donation), it is actually slightly different than GTLIMITEURUSD2. It has Current Price Interval of 35 points, and Grid Step of 35 points, but the lot size is quarter of GTLIMITEURUSD2. This is done by dividing the GTLIMITEURUSD2 lot size to half of it which is at 0.000035 (instead of 0.00007). Since I made the Grid Step tighter (35 points instead of 75 points), I divided again the lot size, which is now at 0.0000175.
At this point, my conclusion is still same, nothing wrong with the strategy. You see why I can take that conclusion?
If you look further to GTLIMITREBOOT, it actually acts like nothing happened. GTLIMITREBOOT still act like normal, and the losses was not too dissapointing. And it did managed to close the same level as in BOX account. It was also managed to close 1 cycle yesterday before dragged into the same situation.
Out of the curiosity, I still hold this principle. Let us take out red high impact news off the table. Whenever the market move even when we feel too steep, it will still retract back a little bit. With LIMIT strategy, the more it moves to the other side of the grid, the break-even point will also move. This "retract back a little bit" is where we want to take the profit. Now the question is, how big we want to put the lot size and grid step? How large is the losses we want to take until it retracts back? How far can it go?
No "the three musketeers" news the next day (interest rate, FOMC, or NFP), so I think it will be fine if I let the "madness" continue and take a look at it the next day which is today.
As I told you before, I need to review GTLIMITEURUSD2. I guess I'll present you with the various set file, low risk, medium risk, and high risk. With this situation, I now will consider GTLIMITEURUSD2 is a med-high risk set file.
Be mindful that I haven't started a large scale investment yet. All you see is just cents account, small sized. I'm still in the stage of observing the risk with cents account. So, losses is still acceptable to me. But of course I don't want it to happen on BOX, so we still can continue to donate through it.
I'm still confused with the unusual movement at 3:30am SGT. That time is the time where reaching closure of the current day, and about to reach the next day trade. It is not usual, since this kind of movement sometimes happen only in Friday, but Wednesday??
If you notice, some brokers will increase the leverage (say from 1:500 to 1:100) at the last hours in Friday. Some people are taking advantages of the gap during Friday to Monday. So, before closing time at Friday, sometimes market moves rapidly for a very short time. Either move against the trend or follow the trend. Kind of odd why broker would want to increase the leverage. A different story with my broker, they didn't increase the leverage, but the spreads.
So, for all of my account, the movement are same stuck in buy position.
I saw @jonirrenicus' fibo, and it did touches, from that point I expect a retracement. But too bad, it didn't touch 1.09440 or 1.09450 as I expected. It was just until somewhere in 1.09350. Then it continues...
At this point I don't want to watch chart too much, because I may get too emotional and take the wrong decision. So, I took a snapshot at 00:00am before I slept, and it reaches somewhere in 1.08750. I feel the price was too exhausted to go more down, and hope that the next morning will be reaching at least 1.08870.
It did reach further than that, and the BOX (http://www.myfxbook.com/members/radi...-cents/1429980) managed to close in profit. But not with GTLIMITEURUSD2 (Live Cents) above. I do expect it can reach at least 1.09190 so I can close it off for yesterday's madness.
Another story with BOX (account that I've been using for donation), it is actually slightly different than GTLIMITEURUSD2. It has Current Price Interval of 35 points, and Grid Step of 35 points, but the lot size is quarter of GTLIMITEURUSD2. This is done by dividing the GTLIMITEURUSD2 lot size to half of it which is at 0.000035 (instead of 0.00007). Since I made the Grid Step tighter (35 points instead of 75 points), I divided again the lot size, which is now at 0.0000175.
At this point, my conclusion is still same, nothing wrong with the strategy. You see why I can take that conclusion?
If you look further to GTLIMITREBOOT, it actually acts like nothing happened. GTLIMITREBOOT still act like normal, and the losses was not too dissapointing. And it did managed to close the same level as in BOX account. It was also managed to close 1 cycle yesterday before dragged into the same situation.
Out of the curiosity, I still hold this principle. Let us take out red high impact news off the table. Whenever the market move even when we feel too steep, it will still retract back a little bit. With LIMIT strategy, the more it moves to the other side of the grid, the break-even point will also move. This "retract back a little bit" is where we want to take the profit. Now the question is, how big we want to put the lot size and grid step? How large is the losses we want to take until it retracts back? How far can it go?
No "the three musketeers" news the next day (interest rate, FOMC, or NFP), so I think it will be fine if I let the "madness" continue and take a look at it the next day which is today.
As I told you before, I need to review GTLIMITEURUSD2. I guess I'll present you with the various set file, low risk, medium risk, and high risk. With this situation, I now will consider GTLIMITEURUSD2 is a med-high risk set file.
Be mindful that I haven't started a large scale investment yet. All you see is just cents account, small sized. I'm still in the stage of observing the risk with cents account. So, losses is still acceptable to me. But of course I don't want it to happen on BOX, so we still can continue to donate through it.
If you ask me to code/fix your EA... it's probably not for free...