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Trapping System: Grid

  • #3,181
  • Feb 12, 2016 5:18am Feb 12, 2016 5:18am
Quoting Clipi
{quote} good morning, The idea is interesting, but the 3 pairs EU ECHF and EG are affected by EUR, so if EUR goes into great trend, the losses would x3 ... or you suppose that area of low volatility (17:00 to 2:00 GMT) there will never be news affecting EUR?
The losses should not be 3x as we are to divide the risks evenly between the pairs.
And yes, you are right. All three pairs of EUR might be affected.
But if you have a look at the calendar you would see that the red news for EUR and USD combined comes very often in contrast to the news for EUR and CHF or GBP. Plus! EUR trending on EU does entirely mean that it should trend in EURGBP and EURCHF. The possibility does exist but volume of movement should vary between the pairs.
If you compare volatility, EURGBP and EURCHF are some of the most least volatile pairs there are.

EURGBP and EURCHF are mere suggestions. What is key is to find other pairs and their sessions within which price ranges and then coming up with a set file for that.

Zz
  • #3,182
  • Feb 12, 2016 5:55am Feb 12, 2016 5:55am
Quoting radityo.ardi
I think there's another GREAT INPUT posted by hishamzz through my inbox. We are too focusing on EURUSD. We have discussed this too earlier in this thread, but I didn't get any confidence on it until today. So the idea is to run LOWRISK set file on at least 3 different pairs, not only focusing on EURUSD. He suggested for EURGBP or EURCHF, or probably some more. Probably I'll try to describe a little bit more technical. Let us take how big the risk we want. For example, if we decided to take the risk as big as MEDRISK, we can split this set file into...
Hi, I think your suggestion is great ... just you have to find the right pairs for hedging ... if you look for the day candle yesterday,
eurusd high 1.1376, low 1.1237 ... eurgbp high .78974, low .7755 means you might crash with both of them ... eurchf is at this time better, high 1.1078 and low 1.1029, okay that is the day candle but I guess if the euro gives weakness, it will give weakness to all the major
  • #3,183
  • Feb 12, 2016 5:56am Feb 12, 2016 5:56am
Quoting ZeF
Accounts with original settings (Lowrisk A and Lowrisk B) should have had no problems in closing cycles after 48 hours. GTL's closed cycles at 38 Fib in late Sydney last night. That is a high probability retracement and price was bound to test it as no fundamental drive in price direction was produced by any of the red news events. So price spiked but there was no reason for it to trend to that new level and it came down to test the natural levels. Have faith in the logic and observe retracements, and let the EA do its thing in quiet markets...and...
Hi zef, may I ask, what kind of Indicator you are using (timeframe) Thanks.
  • #3,184
  • Feb 12, 2016 6:09am Feb 12, 2016 6:09am
Hi radityo.ardi
thanks for your effort on this ea plz check this market cycle times,it can help us for limit orders timing and settings for different periods of day.
Attached File(s)
File Type: pdf market-cycle-times.pdf   108 KB | 400 downloads
  • #3,185
  • Feb 12, 2016 6:44am Feb 12, 2016 6:44am
Quoting radityo.ardi
Let's do this! I feel that this strategy is still rock though. We just need to focus on how to spread or minimize the risk.
Ok it deserves a chance, I just noticed that the correlation between EUR_USD EUR_GBP and EUR_CHF was very low during the "Death Cycle" and it's probably low during the passage between NY session and asian session.

We also just to point out that with Low Risk A settings max drawdown was around 20%, so it's up to us to decide if we can sustain this kind of stress.
  • #3,186
  • Feb 12, 2016 9:16am Feb 12, 2016 9:16am
Quoting radityo.ardi
{quote} The set file is in codeplex. On the zip file, find folder V1.7AndLower. Currently I haven't done any conversion to v1.8+. I'll do it, I got sometime today evening. The only catchy thing is that I'm avoiding Interest Rate announcement and FOMC Statement. {quote} As above.


Okay, perfect !! understood. Just like to clarify one more question !!!
In my case in my Live because not burst my account? and I passed by the 10th of February? whereas use GTLIMITEURUSD2.set GTM 1:00 at 6: 000 as a single differential configuration that I am in Brazil!
again eternamento grateful!
  • #3,187
  • Feb 13, 2016 1:36am Feb 13, 2016 1:36am
whoa radityo,

what happen to the trade explorer GTLIMITEDEUR2? :o
  • #3,188
  • Feb 13, 2016 4:46am Feb 13, 2016 4:46am
Risk size of 0,01 Lots / 1,000 balance and risk size of 0,1 Lots / 1,000 balance are doing fine with no lasting effects of Yellen's speeches.

Account of low risk suffered negligible drawdown, while the high risk "double or bust in 1,000 pips" account suffered 25% DD but this occured at a 50% equity growth already so it was very easy for it to oscillate.

Lot size is everything. You guys have to realize that the EURUSD will not change trending range 1,000 pips away overnight, and then trend there forever. It doesn't happen. So having a balanced lot size with realistic expectations and some sort of rescue plan, is important. This concept is a winner but in the right hands.

Attached Image (click to enlarge)
Click to Enlarge Name: EUYellen.png Size: 53 KB
Best regards, Zef
  • #3,189
  • Feb 13, 2016 9:55am Feb 13, 2016 9:55am
Hi Radityo, i had cut loss 60% from my equity on 11 Feb 2016. Got caught trending at midnight. I use GTLIMITEURUSD2 v1.7. But it doesn't matter, i have profit more than it with this EA
I don't know because of yellen combine with eurogrup meeting or not. But if we move start time at 03:00 SGT, maybe we can avoid volatile market?
And is it compatible to use GTL_EU_LOWRISK.set on V 1.8? or maybe 1.10? because i read on last post for V 1.9. Thank you so much
  • #3,190
  • Feb 13, 2016 3:43pm Feb 13, 2016 3:43pm
Quoting aquasunboy
But if we move start time at 03:00 SGT, maybe we can avoid volatile market?
Yes I think that trading window is fundamental. In fact, my trading window start from 19 GMT instead of default 17 and closed in gain during that night.

I seem poblems arise when the trend start during NY session, but it's very difficult that a strong trend start during the asian session and never retrace.

Last week BOJ surprised the market but there was a good retracement.
  • #3,191
  • Feb 14, 2016 3:53pm Feb 14, 2016 3:53pm
Quoting fabio.g
{quote} Hi it would be nice to know the Lot and ProfitTarget?
@Fabio,

It's the original GTL_EU2 setfile:

InitialLotsType=1
InitialLots=0.07
InitialLotsMult=0.00007
CommentInfo=GTL_EU2
ProfitTakingMode=0
TargetProfitDynamicBase=0
TargetType=1
TargetProfit=15.0
TargetProfitMult=0.015

@togergard - not sure about what indicator are you referring to?
Best regards, Zef
  • #3,192
  • Feb 14, 2016 11:46pm Feb 14, 2016 11:46pm
Folks!

His excellency Mr. Draghi is once again yapping tonight.
My EAs would be switched off

Zz
  • #3,193
  • Feb 15, 2016 3:39am Feb 15, 2016 3:39am
Quoting ZeF
{quote} @Fabio, It's the original GTL_EU2 setfile: InitialLotsType=1 InitialLots=0.07 InitialLotsMult=0.00007 CommentInfo=GTL_EU2 ProfitTakingMode=0 TargetProfitDynamicBase=0 TargetType=1 TargetProfit=15.0 TargetProfitMult=0.015 @togergard - not sure about what indicator are you referring to?
Hi Zef, thanks, my question is abour your Fibo levels, I am not very familar with Fibos, I am better in Bollinger, ... which timeFrame you are using to calculate it (e.g. week, day, 4h ...) and if you use some indicator for calculation.
Thanks
Gerhard
  • #3,194
  • Feb 16, 2016 7:57pm Feb 16, 2016 7:57pm
you say~~~~im crazy......cauze you dont think i know what you ve done.... but when~~~~~~~~~ you call me baby i konw im not the only one.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 140 KB
No one wants to be defeated~
  • #3,195
  • Feb 16, 2016 8:08pm Feb 16, 2016 8:08pm
Let me help you Rad....your system is the greatest one i have ever seem.

But you did not use it correctly.

One picture for you and you will understand.

As i said, combie it with Fibo, your system has no weakness, ranging trending whatever it kills all, even if shit thing happens we have recovery EA to save our account.

Trust me and you will get your money back in no time :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
No one wants to be defeated~
  • #3,196
  • Feb 16, 2016 8:21pm Feb 16, 2016 8:21pm
Quoting jonirrenicus
Let me help you Rad....your system is the greatest one i have ever seem. But you did not use it correctly. One picture for you and you will understand. As i said, combie it with Fibo, your system has no weakness, ranging trending whatever it kills all, even if shit thing happens we have recovery EA to save our account. Trust me and you will get your money back in no time :-) {image}
Hi, whats the recovery EA you refer to? Even comine with fibo, there is still a chance with hige trending without enough retracement for close cycle.
  • #3,197
  • Feb 16, 2016 8:26pm Feb 16, 2016 8:26pm
Quoting happytrade38
{quote} Hi, whats the recovery EA you refer to? Even comine with fibo, there is still a chance with hige trending without enough retracement for close cycle.
I have shared my fibo system and recovery EA more than 3 times on previous posts.

Do u remember ATR my friend? fixed gridstep will kill you sooner or later.

Sometimes...yeah like cad drop 300 pips in one day, but i survived with even more profit than usual.
No one wants to be defeated~
  • #3,198
  • Feb 16, 2016 8:32pm Feb 16, 2016 8:32pm
Quoting jonirrenicus
{quote} I have shared my fibo system and recovery EA more than 3 times on previous posts. Do u remember ATR my friend? fixed gridstep will kill you sooner or later. Sometimes...yeah like cad drop 300 pips in one day, but i survived with even more profit than usual.
Will search for that and reread again..
  • #3,199
  • Feb 16, 2016 8:55pm Feb 16, 2016 8:55pm
Quoting Clipi
{quote} good morning, The idea is interesting, but the 3 pairs EU ECHF and EG are affected by EUR, so if EUR goes into great trend, the losses would x3 ... or you suppose that area of low volatility (17:00 to 2:00 GMT) there will never be news affecting EUR?
No, that's not the point. The point is to run this at 3 different pair, whether it is corelated or not, it is totally up to you. I have no specific reason why it has to be corelated or not.
Now we have 17-22GMT window. I'm doing backtesting now to find out a feasible time window for AUD/JPY. Most likely will be between 08-12GMT window. That's just one example.
Each time window should be at least having 3 hours interval. The basic idea is like the following.

Red (EUR/USD), Yellow (AUD/JPY), and Green (EUR/CHF). 3 of them run at different time, and having intervat at some hours. The picture below is representation of trading in 3 days (which has 3 pairs each day).
Now, if one of them (for example (AUD/JPY) still got pending order (overlapping EUR/CHF), then don't run EUR/CHF. Let AUD/JPY close first. So, the idea, if you got drawdown, actually you still can survive with 1/3 of the whole risk.

But that's just an idea which still need to be proven.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB
If you ask me to code/fix your EA... it's probably not for free...
  • #3,200
  • Feb 16, 2016 9:09pm Feb 16, 2016 9:09pm
Quoting jonirrenicus
Let me help you Rad....your system is the greatest one i have ever seem. But you did not use it correctly. One picture for you and you will understand. As i said, combie it with Fibo, your system has no weakness, ranging trending whatever it kills all, even if shit thing happens we have recovery EA to save our account. Trust me and you will get your money back in no time :-) {image}
I'm listening.

But just one clarification. Your FIBO is actually your grid step level, am I right? Whatever FIBO lines you have, is actually where we should put the LIMIT orders, am I right?

Now, if all of them are correct, when and where should I determine the 0 and 100? Of course we can just simply say find the swing high and swing low for both 0 and 100. Drag the fibo from swing high and low.
Now, my challenge is to find this 0 and 100 programmatically. So, that is why I drag myself out from doing fibo.

I remember somewhere you've shared your recovery EA in this thread?
I'm still listening though, so put up your suggestion to this (about your method of course) as many as you can. I need inputs anyway.
If you ask me to code/fix your EA... it's probably not for free...
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