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Simple grid manual system without martingale

  • Post #1
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  • First Post: Dec 24, 2015 5:29pm Dec 24, 2015 5:29pm
  •  pipartisan
  • | Joined Dec 2015 | Status: Member | 38 Posts
Hi to all,
I'm looking for semi-automatic grid system, to use without EA.
I've done several tests both on demo and on live account, but I'd like to have advices from more experienced traders.

For example, on EURUSD, I've found this simple combination, with 10 pips of distance, 10pips take profit and 20pips of stop loss.

Here you are a simple script I've written to simply open orders:

double spread = NormalizeDouble(Ask-Bid, Digits); // lo spread bid/ask del cross
double tp = (1* 10*Point*10)-spread;
double sl = (1* 20*Point*10)-spread;
double d = (1* 10*Point*10);
double dueD = (1* 20*Point*10);
double treD = (1* 30*Point*10);
double quattroD = (1* 40*Point*10);
double lot = 0.01;


//---

OrderSend(Symbol(), OP_BUY, lot, NormalizeDouble(Ask,Digits), 0, NormalizeDouble(Ask-sl,Digits),NormalizeDouble(Ask+tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_SELL, lot, NormalizeDouble(Bid,Digits), 0, NormalizeDouble(Bid+sl,Digits),NormalizeDouble(Bid-tp,Digits), "10-20-corretto", 0, 0, Green);

OrderSend(Symbol(), OP_BUYSTOP, lot, NormalizeDouble(Ask+d,Digits), 0, NormalizeDouble(Ask+d-sl,Digits),NormalizeDouble(Ask+d+tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_BUYSTOP, lot, NormalizeDouble(Ask+dueD,Digits), 0, NormalizeDouble(Ask+dueD-sl,Digits),NormalizeDouble(Ask+dueD+tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_BUYSTOP, lot, NormalizeDouble(Ask+treD,Digits), 0, NormalizeDouble(Ask+treD-sl,Digits),NormalizeDouble(Ask+treD+tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_BUYSTOP, lot, NormalizeDouble(Ask+quattroD,Digits), 0, NormalizeDouble(Ask+quattroD-sl,Digits),NormalizeDouble(Ask+quattroD+tp,Digits), "10-20-corretto", 0, 0, Green);

OrderSend(Symbol(), OP_SELLSTOP, lot, NormalizeDouble(Bid-d,Digits), 0, NormalizeDouble(Bid-d+sl,Digits),NormalizeDouble(Bid-d-tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_SELLSTOP, lot, NormalizeDouble(Bid-dueD,Digits), 0, NormalizeDouble(Bid-dueD+sl,Digits),NormalizeDouble(Bid-dueD-tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_SELLSTOP, lot, NormalizeDouble(Bid-treD,Digits), 0, NormalizeDouble(Bid-treD+sl,Digits),NormalizeDouble(Bid-treD-tp,Digits), "10-20-corretto", 0, 0, Green);
OrderSend(Symbol(), OP_SELLSTOP, lot, NormalizeDouble(Bid-quattroD,Digits), 0, NormalizeDouble(Bid-quattroD+sl,Digits),NormalizeDouble(Bid-quattroD-tp,Digits), "10-20-corretto", 0, 0, Green);

First two orders are specular and opened directly, others are stop orders.
If I find balance in profit, often I close all orders, also pending.

The strange is...until now at the end of the day it's always in profit.
Is it a pure accident, in your opinion?

I was ispired by ATR 1H or 4H to find out the combination 10/20.
What do you think about it?


Thanks to all and...marry Christmas!
  • Post #2
  • Quote
  • Dec 25, 2015 7:29pm Dec 25, 2015 7:29pm
  •  pipartisan
  • | Joined Dec 2015 | Status: Member | 38 Posts
However I'd like to learn about manual grid;
how do you manage a grid system without EA?
 
 
  • Post #3
  • Quote
  • Dec 25, 2015 9:49pm Dec 25, 2015 9:49pm
  •  Holypendant
  • | Joined Jul 2007 | Status: Member | 431 Posts
how long have u been testing this system? I manual grid it n use a larger distance of 250pips. so I can monitor it once daily..
 
 
  • Post #4
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  • Dec 26, 2015 2:47pm Dec 26, 2015 2:47pm
  •  Forexmeoff
  • | Joined Dec 2013 | Status: Member | 298 Posts
Using a 20 pip stop....the outcome of this system may depend a lot on what time you start to use it. You could get stopped out a few times in a whipping phase like London open...till it finds its direction....then hopefully you catch a move that will recover the losses and make a profit.

If started in a quieter time....you might get your 10 pips and not get whipped. Avoid big news etc....

What market times have you tested?

Holypendent: how do you operate your 250 grid....could you explain...please.
 
 
  • Post #5
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  • Dec 26, 2015 4:20pm Dec 26, 2015 4:20pm
  •  pipartisan
  • | Joined Dec 2015 | Status: Member | 38 Posts
Holypendant,
I've tested it for about 10 days (2 weeks), with a demo account of 200 EUR; now it's 209 EUR.
I set the grid about 4-5 times a day, as I'm not full time trader...

So test period is very small...how could I backtest a manual strategy, do you know any method?
 
 
  • Post #6
  • Quote
  • Dec 26, 2015 4:25pm Dec 26, 2015 4:25pm
  •  pipartisan
  • | Joined Dec 2015 | Status: Member | 38 Posts
Quote
Disliked
What market times have you tested?

Forexmeoff, thank you for your suggest.
Till now I tested it quite random...probably more in the evening (i.e. 22 GMT),
Could please you explain me the best relevant times of the day?

So you suggest low volatility periods?
 
 
  • Post #7
  • Quote
  • Dec 26, 2015 6:52pm Dec 26, 2015 6:52pm
  •  Forexmeoff
  • | Joined Dec 2013 | Status: Member | 298 Posts
Quoting pipartisan
Disliked
{quote} Forexmeoff, thank you for your suggest. Till now I tested it quite random...probably more in the evening (i.e. 22 GMT), Could please you explain me the best relevant times of the day? So you suggest low volatility periods?
Ignored
I was thinking with the 20 pip stop you would need to avoid the volatile times. You may have found a good time...there is no news around that time....maybe NZ news occasionally. The market is pretty quiet then...if you are chasing 10 pips it might be possible to get it regularly.
 
 
  • Post #8
  • Quote
  • Dec 27, 2015 9:17am Dec 27, 2015 9:17am
  •  Holypendant
  • | Joined Jul 2007 | Status: Member | 431 Posts
Quoting pipartisan
Disliked
Holypendant, I've tested it for about 10 days (2 weeks), with a demo account of 200 EUR; now it's 209 EUR. I set the grid about 4-5 times a day, as I'm not full time trader... So test period is very small...how could I backtest a manual strategy, do you know any method?
Ignored
it would be better for u to do forward testing using live acct. using ur mobile to access n monitor it... u set ut grid 4-5 times a day which might not be accurate as there will be times u miss out the losses/winner trade.
 
 
  • Post #9
  • Quote
  • Last Post: Dec 27, 2015 9:20am Dec 27, 2015 9:20am
  •  pipartisan
  • | Joined Dec 2015 | Status: Member | 38 Posts
thanks,
starting from tomorrow I'll try set and monitor every grid, in different times-
 
 
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