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Trapping System: Grid

  • #3,041
  • Jan 24, 2016 7:33pm Jan 24, 2016 7:33pm
Quoting SickOfScam
{quote} {quote} This is not the system. I think manish 1971 is trying to say that he considered the trade - as he says: stop mode (OrderOperation = STOP orders) is safer than with LIMIT orders. I agree but I would say - with one EA is safer to trade in the direction of flow than against it. Manually I trade almost always against and looking for the Turnpoint - of course with the SL. That is why I mentioned in a previous post EA viper. This EA trades with stop orders in the direction of flow ( for example - buy) but if the market turned then multiplies...
I'll come to Viper later.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,042
  • Jan 24, 2016 7:50pm Jan 24, 2016 7:50pm
Quoting cal0yzki
I think manish1971 wants is, Auto-expand when all orders are hit. You don't want to auto expand when only one side is hit. Is that right, Manish? If so, look at this situation. This is your strategy, it took long time to reach its profit target. What if it didn't move up? Cycle will take more time than usual and we don't want that to happen. {image} In normal gridtrap, we quickly reach the target profit and escape the cycle. {image} Actually this is my first post and thanks to radityo for this great EA.

Glad there are many "silent user" like you...
Greetings bro!

I understood his point. Actually his strategy is more like combined tunnel martingale and this grid, with same lot size across grid. I observed this once, it was OK when I backtested it, in the sense that there are times where the trade were stuck up longer than standard normal stop. But good to observe.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,043
  • Jan 24, 2016 9:11pm Jan 24, 2016 9:11pm
Hi all,
good morning, good day, good luck for this week!

I've got to announce this. I got 1 welcome bonus coupons from my broker, RoboForex. If you haven't registered with RoboForex, then most likely you are eligible to receive it. It's about $15, which will give you $1500 for cents account. Please read the terms and conditions here: http://www.roboforex.com/operations/no-deposit-bonus/.

Let me know if you want it! The quickest to request, he/she will get it...
If you ask me to code/fix your EA... it's probably not for free...
  • #3,044
  • Jan 24, 2016 9:24pm Jan 24, 2016 9:24pm
There is a ECB President Draghi Speaks on Tuesday, 2am (SG time) . Should we turn off the EA?
  • #3,045
  • Jan 24, 2016 10:04pm Jan 24, 2016 10:04pm
Quoting happytrade38
There is a ECB President Draghi Speaks on Tuesday, 2am (SG time) . Should we turn off the EA?
Thanks for noting it down.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB

I recommend to avoid trade on those 2 days.

BUT,
Attached Image

You can use LOWRISK_A on No. 1 ONLY.
No.2 is totally dangerous. Federal Funds Rate is always dangerous.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,046
  • Jan 25, 2016 12:23am Jan 25, 2016 12:23am
About the "holy grail", I think this may have gone way too long, I mean in terms of the timeline.

With the knowledge of the EA, last week literally I've made the code working with this mechanism (just an example scenario, in sequence):
No. 1: Start of the cycle - initialization (define middle point, upper grid, lower grid) - upper grid reaching Side Profit - close all orders
No. 2: Start again new cycle - initialization - 1st sell (lower) grid reached, side profit is not reached - price move up - upper grid reaching Side Profit - close all open and pending orders EXCEPT 1 sell (lower) grid - take out that 1 (sell) grid from the Side Profit calculation - start again new cycle - price move down - lower grid reaching Side Profit - close all orders (including 1 sell lower grid).

Now, what I've been set up is calculation of the Side Profit excluding the previous' opened order from previous cycle. So, imagine in case no. 2 right now you'd have closed on upper grid when it's reaching its Side Profit, it'll leave with 1 sell order remaining. At this time, EA closes all orders, except 1 sell (lower) grid, then it'll exclude the sell (lower) grid out of the Side Profit calculation. It'll hang out there. Then after that, new cycle created. Price moves down. Imagine lower grid reaching Side Profit (remember, I've excluded 1 only sell order on the lower grid previously), then it will close literally all orders including that only 1 sell order grid.

I thought this would be good, because we will have a small chances of getting this hanging orders less often. But I was WRONG, it was way too often!

I guess, I'll be focusing on the remaining tasks first, to release another small features which is supposed to be in v2.0.
So, I'll release v2.0 without this feature first, and we'll see in future. Need more observation on this.

So, without giving a too optimistic timeline, v2.0 will be fully released in Beta on 1st week of February. Thanks for your understanding, bros!
If you ask me to code/fix your EA... it's probably not for free...
  • #3,047
  • Jan 25, 2016 3:59am Jan 25, 2016 3:59am
Quoting radityo.ardi
About the "holy grail", I think this may have gone way too long, I mean in terms of the timeline. With the knowledge of the EA, last week literally I've made the code working with this mechanism (just an example scenario, in sequence): No. 1: Start of the cycle - initialization (define middle point, upper grid, lower grid) - upper grid reaching Side Profit - close all orders No. 2: Start again new cycle - initialization - 1st sell (lower) grid reached, side profit is not reached - price move up - upper grid reaching Side Profit - close all open...

Hi bro, reason of it oftens get hang, because market most of the time is ranging.. hence your Limit EA is great.. this one has potential too when we thought of the best way to operate it. If it get hang, is the lot will increase when new cycle open for the same side?
  • #3,048
  • Jan 25, 2016 4:23am Jan 25, 2016 4:23am
Quoting happytrade38
{quote} Hi bro, reason of it oftens get hang, because market most of the time is ranging.. hence your Limit EA is great.. this one has potential too when we thought of the best way to operate it. If it get hang, is the lot will increase when new cycle open for the same side?
I can't increase the current opened order, as it already marked as bought / sold. But for new cycle, it was increased. Consider it as new cycle, with 1 (or few) hanging open order.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,049
  • Edited 5:46am Jan 25, 2016 5:25am | Edited 5:46am
It's really hard to think for an idea for "holy grail". Well, how about this, let's look at a different view. I'm just brainstorming some ideas and this pops out of my mind and also don't know if this will work.

The idea is to put SellStop at the bottom and SellLimit at the top. Either way, if price goes down Stops will triggered till profit, OR if price goes up, limits will be triggered and you have to wait for a retracement to make profit. Same as BuyStop at the top and BuyLimit below.

So what will be the deciding factor on the next cycle? All Buys or all sell?
It can be the number of Stop and Limit triggered. If SellLimit has triggered 2 positions and SellStops triggered 3 position, SellStop is greater than SellLimit so next will be all Sell again. or Buy all if SellStop is less than SellLimit.

Well, it's just an idea. What do you think radityo?
  • #3,050
  • Jan 25, 2016 5:49am Jan 25, 2016 5:49am
Just for your info,
I have turned OFF 2 of my trades. Draghi's tonight...
If you ask me to code/fix your EA... it's probably not for free...
  • #3,051
  • Jan 25, 2016 9:10am Jan 25, 2016 9:10am
hi radityo , instaforex 4 digit maybe so soft
onorebate
  • #3,052
  • Jan 25, 2016 8:32pm Jan 25, 2016 8:32pm
​nice thread, nice concept, good job.
  • #3,053
  • Jan 26, 2016 1:31am Jan 26, 2016 1:31am
Quoting putrimawarfx
hi radityo , instaforex 4 digit maybe so soft
What does that mean?
If you ask me to code/fix your EA... it's probably not for free...
  • #3,054
  • Jan 26, 2016 1:33am Jan 26, 2016 1:33am
Quoting cal0yzki
It's really hard to think for an idea for "holy grail". Well, how about this, let's look at a different view. I'm just brainstorming some ideas and this pops out of my mind and also don't know if this will work. The idea is to put SellStop at the bottom and SellLimit at the top. Either way, if price goes down Stops will triggered till profit, OR if price goes up, limits will be triggered and you have to wait for a retracement to make profit. Same as BuyStop at the top and BuyLimit below. So what will be the deciding factor on the next cycle? All...
Hmm.. I like the base concept. But I think that can't be applied to GridTraps. It maybe a different EA itself.
But, that's true. I'll keep this idea in mind.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,055
  • Jan 26, 2016 8:07am Jan 26, 2016 8:07am
Quoting cal0yzki
It's really hard to think for an idea for "holy grail". Well, how about this, let's look at a different view. I'm just brainstorming some ideas and this pops out of my mind and also don't know if this will work. The idea is to put SellStop at the bottom and SellLimit at the top. Either way, if price goes down Stops will triggered till profit, OR if price goes up, limits will be triggered and you have to wait for a retracement to make profit. Same as BuyStop at the top and BuyLimit below. So what will be the deciding factor on the next cycle? All...
that idea you can do it right now, in fact, i've been doing for time ago, you have to set the ea in two charts, in one of them set the ea with limit orders and the other one with stop orders, and both of them in short/long positions, in this way it's reduced about 50% of lossing, using the trend you can do good trades. The magic number have to be different
  • #3,056
  • Jan 26, 2016 10:52am Jan 26, 2016 10:52am
OK, I've turned ON back again the order. Tomorrow will need to turn OFF.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,057
  • Jan 26, 2016 6:52pm Jan 26, 2016 6:52pm
​Dear Radityo,

i have been try the EA, when the lots multiplier not set to "0", the lots automated set amount of balance, (in my case in Tickmill demo account, it's open 10 lot each pending order),
the max pending Order execute is 4 PO ( 2 buy stop and 2 sell stop), when the chart is swing, no new pending order so i need to force close all.
it's right ? i just see in your GTLIMITEURUSD2 that many pending order, it's automatic from the EA?


at this time i just want try trade with EA, and learn about EA.

Regards
  • #3,058
  • Jan 26, 2016 8:13pm Jan 26, 2016 8:13pm
hi all, gentle reminder to turn off EA tonight as FOMC meeting ahead tomorrow.
  • #3,059
  • Jan 26, 2016 10:18pm Jan 26, 2016 10:18pm
Quoting widyantoro
​Dear Radityo, i have been try the EA, when the lots multiplier not set to "0", the lots automated set amount of balance, (in my case in Tickmill demo account, it's open 10 lot each pending order), the max pending Order execute is 4 PO ( 2 buy stop and 2 sell stop), when the chart is swing, no new pending order so i need to force close all. it's right ? i just see in your GTLIMITEURUSD2 that many pending order, it's automatic from the EA? at this time i just want try trade with EA, and learn about EA. Regards
Swinging (ranging) is a blessing for GTLIMITEURUSD2. It supposedly to have profits when the price retracts back to the middle.
But it seems you're trying to implement STOP, not LIMIT as in GTLIMITEURUSD2.

Now, you take a look at your EA properties, on these important setting:
- Open Type
- Grid Auto-Expand Count
- Grid Count
-Auto-Expand Threshold

Imagine you set Grid Count as 4, and Open Type as fixed. The moment all orders executed (opened), it will not add any other orders. It will just "officially" stuck, while the only solution to this is just close all orders and cut loss.
Now, if you set Open Type as: Dynamic Auto-Expand (Threshold), and have Grid Auto-Expand Count set to 3, then Auto-Expand Threshold is 50 points. EA will calculate from the outer grid the auto-expand threshold line, which is 50 points to the inner part of the grid. If the price passes this line, it will create additional 6 pending orders in total, or 3 orders for each side.
This way, you'll at least have a chance to close it in profit. But also you are exposed to high drawdowns at that time due to large floating loss waiting for small profit.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,060
  • Jan 26, 2016 10:19pm Jan 26, 2016 10:19pm
Quoting happytrade38
hi all, gentle reminder to turn off EA tonight as FOMC meeting ahead tomorrow.
Agree.
Please turn off if you guys are using GTL_EU2, or GTLIMITEURUSD2.
If you ask me to code/fix your EA... it's probably not for free...
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