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Trapping System: Grid

  • #2,981
  • Jan 13, 2016 5:52am Jan 13, 2016 5:52am
hi,
i am running this EA on VPS version 1.8. now VPS is asking to shutdown for updates,just want to know if i shut down VPS for updates can this effect my existing running orders or future orders of running chart ??

means all will remain as it si after restarting ??
  • #2,982
  • Jan 13, 2016 6:45am Jan 13, 2016 6:45am
Quoting manish1971
hi, i am running this EA on VPS version 1.8. now VPS is asking to shutdown for updates,just want to know if i shut down VPS for updates can this effect my existing running orders or future orders of running chart ?? means all will remain as it si after restarting ??
If there are no orders (running/pending) made by EA, then you can close MT4 and shutdown your VPS for your updates.
If there are pending orders but no running orders made by the EA, click on Stop Next Cycle, click on Force Close All, close MT4 and shutdown your VPS for updates.

If there are running orders along with pending orders, click on Stop Next Cycle, wait for the cycle to complete and then proceed to closing MT4 and shutting down your system.
OR
If there are running orders along with pending orders, and you do not mind closing all trades at current P&L then click on Stop Next Cycle, click on Force Close All and proceed to closing MT4 and shutting down your VPS.

If you clicked Stop Next Cycle and then had MT4 shutdown you will need to click on Continue once you restart MT4 for the EA to continue.

Hope this explanation suffice. Atleast, this is the way i would go about in your situation

Zz
  • #2,983
  • Jan 13, 2016 6:54am Jan 13, 2016 6:54am
Quoting hishamzz
{quote} Nice to see a TMS trader in the midst of automated trading Zz {quote} Will do so once I get off from work bro.. Zz
Set files i use for my demo. Too early to judge the MEDRISK set files viability mind you! demo it!

Zz
Attached File(s)
File Type: txt GTL_EU_LOWRISK_A.set.txt   1 KB | 307 downloads
File Type: txt GTL_EU_LOWRISK_B.set.txt   1 KB | 287 downloads
File Type: txt GTL_EU_MEDRISK_A.set.txt   1 KB | 276 downloads
File Type: txt GTL_EU_MEDRISK_B.set.txt   1 KB | 317 downloads
  • #2,984
  • Jan 13, 2016 6:58am Jan 13, 2016 6:58am
but sir if i do not want to force close my running orders as P&L does not allow me to do so then ??
Mean while VPS is giving me one day time to install updates and i dont know the cycle will close in time or not.
  • #2,985
  • Jan 13, 2016 7:52am Jan 13, 2016 7:52am
Quoting hishamzz
{quote} Hey dude! Long time no see post haha! Do you not think that rather than going for a side close mechanism. When there are two opposing orders such as a buy and sell, its better to move to an overall profit closure rather than waiting for side closure as you will never know which way price would move. For example :- (1) Sell stop is hit and price retraces to hit the buy (2) EA detects that an opposing order has been hit and immediately close ALL pending order and treat the point where the buy was hit as the middle point. (3) Recreate pending...
I think you had a nice idea. If in the moment that a "hedging" position is hit we move the middle on it we could threat all such a single cycle. But i'm afraid to getting stuck in a no way out cycle... But with step "(3) Recreate pending orders away from that middle point using incremented lot sizes based on a multiplier" could work good...
Let's wait to see Rad what think about. I think could be a nice "recovery system"...
  • #2,986
  • Jan 13, 2016 1:09pm Jan 13, 2016 1:09pm
Quoting ZeF
{quote} Backtests are useless and so is an attitude of wanting everything on a plate. This is a zero sum game so bravo of concluding this . Of course all EA's bust at one point or another (that's what makes them great), controlling one's greed and knowing when to end a cycle is what makes it a winner. Have you ever went near the stock exchange in NY, London or Frankfurt? Have you noticed the silence, uninhabited buildings and lack of shops? That's because on a 1 km radius of the SE, all the buildings are full with servers which run robots,...
Yes you are right. But in the back test it closes in loss even at normal times and not during NFP. It loses even at normal market movement
  • #2,987
  • Jan 13, 2016 1:13pm Jan 13, 2016 1:13pm
Quoting radityo.ardi
{quote} {quote} {quote} OK, I think you've misunderstood the humble purpose of backtesting. {quote} To test whether it is profitable, you have to run a serious forward-testing. And to be frank, not all strategy are profitable by just testing on Strategy Tester. If you test with year 2014 data, from Jan 2014 to May 2014, it'll survive. But during Jun - Aug 2014, it won't. Possibly due to the Interest Rate change, NFP, FOMC meeting, dynamic spreads, stop out, margin call level and any other factors that can't be simulated with Strategy Tester....
Thanks for the clear explanation. Ill run a forward test asap.. But still have some clarification regarding the server time settings. Even if i choose GMT or server or local on EA, it uses the brokers time only. How to fix that issue? Please advice
  • #2,988
  • Jan 13, 2016 1:18pm Jan 13, 2016 1:18pm
I am still confused about the Time settings on the EA. does the settings in set files change as per the broker? because some brokers are gmt or gmt+2 or gmt+3. Can any one clearly explain me how to set up the time changes in the set files accordingly to each broker?
  • #2,989
  • Jan 13, 2016 9:59pm Jan 13, 2016 9:59pm
Quoting cultfx
I am still confused about the Time settings on the EA. does the settings in set files change as per the broker? because some brokers are gmt or gmt+2 or gmt+3. Can any one clearly explain me how to set up the time changes in the set files accordingly to each broker?
oh man.. please read all from first page or +30 pages.

the time can be set on local or broker time.

the limit order run from GMT+8, 1 am until 6 am

please do your home work as we all do
Look for it and you will find it
  • #2,990
  • Jan 13, 2016 10:18pm Jan 13, 2016 10:18pm
Quoting cultfx
I am still confused about the Time settings on the EA. does the settings in set files change as per the broker? because some brokers are gmt or gmt+2 or gmt+3. Can any one clearly explain me how to set up the time changes in the set files accordingly to each broker?
Hi,
select input "Date and Time Base" as GMT then you do not need to worry about broker and GMT offset. All set files are now made based on GMT.
  • #2,991
  • Jan 14, 2016 2:13am Jan 14, 2016 2:13am
I like your good will
We are proud to be most consistent signal provider in entire industry.
  • #2,992
  • Jan 14, 2016 7:27am Jan 14, 2016 7:27am
Quoting radityo.ardi
Min Profit Open Orders, if you set to 2 (for example), When EA sees 2 orders are in profit, it'll close all.
Under this option, if we are for instance in a strong bull trend, we could have 2 sell orders in profit and 6 buy orders in loss.

So in this case will the cycle be closed with an overall loss? I don't understand.
  • #2,993
  • Jan 14, 2016 7:28am Jan 14, 2016 7:28am
Quoting hishamzz
{quote} Set files i use for my demo. Too early to judge the MEDRISK set files viability mind you! demo it! Zz {file} {file} {file} {file}
Thank you!
  • #2,994
  • Jan 14, 2016 1:37pm Jan 14, 2016 1:37pm
Quoting braveh4rt
{quote} oh man.. please read all from first page or +30 pages. the time can be set on local or broker time. the limit order run from GMT+8, 1 am until 6 am please do your home work as we all do
thank you ill do that..
  • #2,995
  • Jan 14, 2016 1:38pm Jan 14, 2016 1:38pm
Quoting radadiya
{quote} Hi, select input "Date and Time Base" as GMT then you do not need to worry about broker and GMT offset. All set files are now made based on GMT.
Thank you for your kind reply. Ill try it now...
  • #2,996
  • Jan 14, 2016 1:41pm Jan 14, 2016 1:41pm
Quoting radityo.ardi
{quote} You can use it both. v1.8 and v1.9 are essentially the same, just differ on the cycle bug.
I am running multiple tests with different settings including the set files provided by you. But in one account i ran the default 1.8 version without any changes. It has 4 buys and 4 sells equally hedged. It is not placing any limit or stop orders further. The floating p/l remains the same. how the trades will end now? Should i close it manually or it will place further orders? It is in a floating loss of 14 percent. Please advise
  • #2,997
  • Jan 15, 2016 3:10am Jan 15, 2016 3:10am
You can see if it will place any more orders by looking at the chart to see if any pending orders are set? If none are shown I suggest you make a manual trade out of it, by selling the next big spike you see, and it is Friday so you will see some.
  • #2,998
  • Jan 15, 2016 5:11am Jan 15, 2016 5:11am
Quoting Alberto_Jazz
{quote} Under this option, if we are for instance in a strong bull trend, we could have 2 sell orders in profit and 6 buy orders in loss. So in this case will the cycle be closed with an overall loss? I don't understand.
OK.
Just to set things effectively, I just want to ask. What strategy you are using?

To be honest, I'm totally confused with your question.
You said a strong bull trend, but you got 6 buy orders in loss and 2 sell orders in profit..? Not match with both LIMIT and STOP strategy.

The concept is very simple.
Usually, if it's in BULLISH,
If you apply STOP strategy, you could have your buy orders > sell orders, and all of your buy orders will be in profit, while the sell will be in loss.
If you apply LIMIT strategy, you could have your sell orders > buy orders, and all of your buy orders will be in profit, while the sell will be in loss.
Of course the opposite for bearish.

Now let us get a simple walkthrough, you need to get used to think slowly to understand how system works. You should learn think like a system analyst, analyse things veeeery slooooow (reaaaaallll slooow), OK?
Do remember that Min Profit Orders is just a closure trigger of another condition. The condition after Min Profit Orders reached is that all orders must be in profit.

*** First Scenario ***

First scenario: Min Profit Orders is 2, and profit sets to $10. Target Based OR Min Profit Orders.
1st, EA starts and place 10 LIMIT orders of each side.
Which means 20 orders placed. What we expect, price will move either side and then retracts back to its initial position.

2nd, price moves down and touch the first BUY order of the LOWER side.
Until now, we do not know where the price move.

3rd, price moves up a little bit, and first BUY order is in $0.01 profit.
Dang, the price moves up a little bit and the profit is less than $10. Nothing is closed at this point.

4th, price keeps moving up until touching the first SELL order of the UPPER side.

5th, price keeps moving up a little bit only. The first SELL order is in loss and first BUY order is in profit. Total Profit is about $0.10.
At this point, the 2nd order is opened. But remember, we set minimum count of profit order (Min Profit Order) to 2. At this stage, what we have is 1 order in profit and 1 order in loss. Condition doesn't match, so EA is not doing anything.

6th, price then retract back a little bit only. The first SELL order is in profit of $0.01, while first BUY order is in profit of $0.90.
NOW, at this stage, since minimum 2 orders are in profit (all opened orders are in profit), EA will trigger closure. All orders will be closed and it will open a new cycle.


*** Second Scenario ***

Scenario still same as above, except starting from the 3rd, will be different.

3rd, price moves down, and touching the second BUY order.

4th, now from the second BUY order, the price moves down a litle bit. Both orders are in loss.
Nothing is closed at this point.

5th, price then moving up a little bit only. The second SELL order is in profit of $0.01 while the first SELL order still in loss.
Nothing closed at this point. You need at least 2 orders in profit.

6th, price then retract back (moving up) until the first SELL is in profit like $0.01, while second SELL order is in profit of $0.90.
NOW, at this stage, since 2 orders are in profit, EA will trigger closure. All orders will be closed and it will open a new cycle.


Now, take a look at the chronology.
If let us say it's in straight bullish until 10 orders executed. When the price retracts back and made 2 orders (10th and 9th) in profit, it WILL NOT trigger closure. Why? because you've been blocked by second condition, all orders must be in profit. How many orders is in profit? Only 2 out of 10. So, this condition does not match, and will fall back to Target Based.

You think of it, with your condition above (2 sell orders in profit and 6 orders in loss), it WILL NEVER reach this state. You know why?
Think of any scenario that can reach your condition.

Let's say it moves up executing 2 sell orders. By the time reaches the first SELL order (before reaching middle point), the cycle will be closed. Why? The moment it moves down passes the first SELL order, the cycle will be closed. Because both orders are in profit already.

Another scenario, it moves up executing 1 sell order, then move down executing 1st buy order. You'll think it move up executing 2nd sell order? Fine. By the time it sees 2 orders in profit, it will close.

Another scenario, it moves up executing 1 sell order, then move down executing buy orders until the 6th. EA will close? No. It moves up until slightly lower than the 1st buy order. You think it will close? No, although 6 orders out of 7 is in profit, but not all in profit. By the time it passing the 1st buy order, all of 7 orders will be in profit, then EA will close the cycle. Again, here you'll only get 1 sell order and 6 order.

I hope you get the idea.
If you ask me to code/fix your EA... it's probably not for free...
  • #2,999
  • Jan 15, 2016 5:13am Jan 15, 2016 5:13am
Quoting cultfx
{quote} I am running multiple tests with different settings including the set files provided by you. But in one account i ran the default 1.8 version without any changes. It has 4 buys and 4 sells equally hedged. It is not placing any limit or stop orders further. The floating p/l remains the same. how the trades will end now? Should i close it manually or it will place further orders? It is in a floating loss of 14 percent. Please advise
Heey, what are you doing?
I never recommend to set things default. Definitely in your case, you are stuck. No further pending orders placed.
Just advice, don't think this EA as the money making machine. This EA is just a tool. The strategy is in the set files.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,000
  • Edited 7:59am Jan 15, 2016 7:25am | Edited 7:59am
Quoting radityo.ardi
{quote}
You said a strong bull trend, but you got 6 buy orders in loss and 2 sell orders in profit..? Not match with both LIMIT and STOP strategy.
Sorry I meant a bear trend

Thank you very much for the explanation!

So if I understand properly, under this option the cycle can be closed without making refer to the % of profit reached.

I mean, I can set a 0.5% as profit target but the cycle can close with a 0.15% of profit , is it correct?
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