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Trapping System: Grid

  • #3,221
  • Feb 18, 2016 7:05pm Feb 18, 2016 7:05pm
Quoting hishamzz
{quote} Hi Jon, I understand its a bit difficult to converse in English at times Bro, could you do a desktop recording of how you draw the fibos and how you use the EA? That would make it easier for everyone to understand how you do it Zz
pls. google " How to draw a fibo line correctly" this is not a secret...it can be found everywhere...
No one wants to be defeated~
  • #3,222
  • Feb 18, 2016 7:10pm Feb 18, 2016 7:10pm
Although it's good , the reward/risk ratio is too low.

If you runnning EA on all majors (not CHF), it only produce about average 2% profit per day.( 0.01 lot per $1000)

But the risk is very high, you will get stuck in 100-200pips quite often.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
No one wants to be defeated~
  • #3,223
  • Feb 18, 2016 8:00pm Feb 18, 2016 8:00pm
Hi Rad,

I need you help to elimate the last weakness of your great EA then I will send it to you with " handbook ".

The problem is that it has no TP function which means we can not close our orders pricisely if connection lost or price moves too quick or broker play tricks etc....

One question : How to calculate the TP for all orders?
No one wants to be defeated~
  • #3,224
  • Feb 19, 2016 3:27am Feb 19, 2016 3:27am
Quoting jonirrenicus
{quote} First thing First, dont use fixed gridstep anymore. gridstep = ADR * 0.5 which mean 54 for EUR today. {image} Dont trade one time for one day or "set and forget with unlimited times" trading times is based on how many fibo lvls we have. Avoid high impact news....everybody knows that and doing well...just like i had no trade on GBP yesterday. {image} Nothing more....and this is a HXXX grail...
Hi jonirrenicus

Interesting concept. Altough i still have questions:
1. How to define 0-100 of Fibo?
I know that the theory is we drag from Hi/Lo Swing to Lo/Hi Swing, but how far back? Or on what Time Frames?
Each one might be have different perception how to draw Fibo
2. How many Grids that you apply?
3. On what time do you prefer to start the EA with the Fibo's? Or do you start it all day as long as no red news and the price meets the Fibo's?

Thanx
  • #3,225
  • Feb 21, 2016 10:25pm Feb 21, 2016 10:25pm
hi all,
first, big thank you to radityo for the great EA. my account has grow 650% from 1st Nov'15 - 22nd Feb'16, and I'll withdraw partial of the profit as a second try if burst later. the first month has been too aggressive with stretch trading time and some time even trade 2 hours after the FOMC meeting as well as lower grids. Start from Jan'16, have been less aggressive, estimated could achieve 50% grow based on the initial balance.

I have shared the set file before, you could find using the paper clip function. As mentioned previously, 2 things have to do on daily basis:
1. Adjust the lot size and TP$ [My TP is always 5 pips]
2. Trading time: Monday 06.15-11.30
Tuesday - Friday: if red news before 11pm, trade from 00.00 - 08.30; if red news around 11pm-12pm, trade from 01.00 - 08.30
3. Important notes: if there is red news after 01.00, skip the trade

Above time is based on singapore time zone.

Personally, I feel the current setting is good. The important thing is constantly withdraw the profit for the another try. Green pips to all.
  • #3,226
  • Feb 22, 2016 12:22am Feb 22, 2016 12:22am
Quoting happytrade38
hi all, first, big thank you to radityo for the great EA. my account has grow 650% from 1st Nov'15 - 22nd Feb'16, and I'll withdraw partial of the profit as a second try if burst later. the first month has been too aggressive with stretch trading time and some time even trade 2 hours after the FOMC meeting as well as lower grids. Start from Jan'16, have been less aggressive, estimated could achieve 50% grow based on the initial balance. I have shared the set file before, you could find using the paper clip function. As mentioned previously, 2 things...
Hi happytrade38

What the EA Version that you use? Did you set the lots & TP dynamic or fixed?

Thanx
  • #3,227
  • Feb 22, 2016 12:24am Feb 22, 2016 12:24am
Quoting dearest
{quote} Hi happytrade38 What the EA Version that you use? Did you set the lots & TP dynamic or fixed? Thanx
V1.7.. fixed lots and fixed TP.. thats why have to always adjust the lot size and TP..
  • #3,228
  • Feb 22, 2016 12:42am Feb 22, 2016 12:42am
Quoting happytrade38
{quote} V1.7.. fixed lots and fixed TP.. thats why have to always adjust the lot size and TP..
What the ratio of your Fixed TP's and Lots compare to your Balance?
Bcs 650% for less than three months is quite fast profit, despite you was stretching of trading time.

Thanx
  • #3,229
  • Feb 22, 2016 1:37am Feb 22, 2016 1:37am
Quoting dearest
{quote} What the ratio of your Fixed TP's and Lots compare to your Balance? Bcs 650% for less than three months is quite fast profit, despite you was stretching of trading time. Thanx

Hi, I have shared the set file, you could take a look. Basically, my maximum grids is 20 (with interval of 5 pips, meaning can sustain 100pips) and the TP is 5 pips. As long as my balance can sustain 100pips, I'll adjust the lots accordingly. Alternatively, you could also using dynamic lot and TP, but when the balance growing, you also need to adjust it due to rounding matter.
  • #3,230
  • Feb 22, 2016 1:43am Feb 22, 2016 1:43am
Quoting happytrade38
{quote} Hi, I have shared the set file, you could take a look. Basically, my maximum grids is 20 (with interval of 5 pips, meaning can sustain 100pips) and the TP is 5 pips. As long as my balance can sustain 100pips, I'll adjust the lots accordingly. Alternatively, you could also using dynamic lot and TP, but when the balance growing, you also need to adjust it due to rounding matter.
Ok, i get it. I also found your set file. Thanx
  • #3,231
  • Feb 22, 2016 1:46am Feb 22, 2016 1:46am
Quoting dearest
{quote} Ok, i get it. I also found your set file. Thanx
Yeah!!!
  • #3,232
  • Feb 22, 2016 9:47am Feb 22, 2016 9:47am
Quoting happytrade38
{quote} Hi, I have shared the set file, you could take a look. Basically, my maximum grids is 20 (with interval of 5 pips, meaning can sustain 100pips) and the TP is 5 pips. As long as my balance can sustain 100pips, I'll adjust the lots accordingly. Alternatively, you could also using dynamic lot and TP, but when the balance growing, you also need to adjust it due to rounding matter.
Hi Happytrade, i saw your set file and your fix lot is 0.15. this is for how much balance do you have? thank you
  • #3,233
  • Feb 22, 2016 1:48pm Feb 22, 2016 1:48pm
Hello everyone,

First of all thanks a thousand to Radityo Ardi for creating and sharing this amazing EA, it is both a brilliant idea and well coded

This is my first post in this thread and even though I visit FF almost every day it is only my 15th post in total during six and a half years as a member at FF, since I am busy trading and only post when I believe I have something valuable and useful to share or suggest...

The original idea of how to trade using this EA is great, with the right set file it can be incredibly profitable. However for my own part I mostly swing trade manually but recently realized that this EA is also very useful for scaling into positions while maintaining the same risk and add on to my position as it moves the right way with stop orders going either only long or only short. To make the EA even more useful for both traditional users and trade managment users such as myself I propose to new features for coming versions;

- Adding the option for a larger starting lot, for instance I want to go long EUR/USD at the current market price with 0.1 lot and then add 0.01 lots for every 10 pips the price rises, hence buying 0.1 lot immediately when a new cycle is started and then adding using the existing grid settings.

- Adding the option for an automatic break even setting, when the price reach a predeterminged profit the stop loss will automatically move to break even and save some losses when spikes and whiplashes occurs.

Radityo Ardi, I sincerely hope you find my litte contribution valuable and will consider my suggestion and implemt them in future verions if possible

I wish plenty of pips to everyone!
  • #3,234
  • Feb 22, 2016 4:30pm Feb 22, 2016 4:30pm
Easy job, i did it by myself.

Target profit now linked with TP line.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
No one wants to be defeated~
  • #3,235
  • Feb 22, 2016 7:10pm Feb 22, 2016 7:10pm
Quoting aquasunboy
{quote} Hi Happytrade, i saw your set file and your fix lot is 0.15. this is for how much balance do you have? thank you
0.15 is for balance of $20 (cents account) with leverage of 1:1000. the lot size and TP$ is very initial i use it, and I mentioned I will adjust accordingly when the balance went up.
  • #3,236
  • Feb 22, 2016 7:14pm Feb 22, 2016 7:14pm
Quoting jonirrenicus
Easy job, i did it by myself. Target profit now linked with TP line. {image}
Congrats.. Are you trading live on this account?
  • #3,237
  • Feb 22, 2016 10:55pm Feb 22, 2016 10:55pm
Quoting happytrade38
hi all, first, big thank you to radityo for the great EA. my account has grow 650% from 1st Nov'15 - 22nd Feb'16, and I'll withdraw partial of the profit as a second try if burst later. the first month has been too aggressive with stretch trading time and some time even trade 2 hours after the FOMC meeting as well as lower grids. Start from Jan'16, have been less aggressive, estimated could achieve 50% grow based on the initial balance. I have shared the set file before, you could find using the paper clip function. As mentioned previously, 2 things...
Good stuff man! Keep your posts coming!

Zz
  • #3,238
  • Feb 23, 2016 12:33am Feb 23, 2016 12:33am
Hi Radiyo, i am using v1.7.. hitting errors with unknown ticket <order no.> for orderclose function.
  • #3,239
  • Feb 23, 2016 7:40pm Feb 23, 2016 7:40pm
@happytrade
Nice sharing on your result and setting bro. If I convert your fixed setting to dynamic setting we can put 0.000075 in the Initial Lot Multiplier and 0.0037 in the target Profit Multiplier, please correct me if i'm wrong.

After my account busted not long ago, I am backtesting yours and get good result.
Using lower Target (TP) and Shorter Grid might be our solution after all.

Got a question for you : When you said red news on your post, is it all red news or big news such as FOMC?

However some days give bad result :
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-24_083132.jpg Size: 93 KB

1. 2015.04.15 & 2015.07.09, the news is not red news (medium impact news).
2. 2015.08.25 There is no news in EA time range at this day. Although the account can survive by lowering the Lot to 0.0000675 and increasing the grid size to 60.
  • #3,240
  • Feb 23, 2016 8:56pm Feb 23, 2016 8:56pm
Quoting yogasampurno
@happytrade Nice sharing on your result and setting bro. If I convert your fixed setting to dynamic setting we can put 0.000075 in the Initial Lot Multiplier and 0.0037 in the target Profit Multiplier, please correct me if i'm wrong. After my account busted not long ago, I am backtesting yours and get good result. Using lower Target (TP) and Shorter Grid might be our solution after all. Got a question for you : When you said red news on your post, is it all red news or big news such as FOMC? However some days give bad result : {image} 1. 2015.04.15...

Hi,
Technically you could use the dynamic setting, however, there is rounding issue for both lot size and TP when balance is big (e.g. balance of $10k is 0.75 lot and $100k is 7.5 lot using dynamic setting vs fixed of 0.77lot and 7.7lot), eventually you might getting lesser profit (less than 5 pips).

Red news refer to all high impact news including FOMC, yellen testifies/speak, not include the medium impact news. Last few weeks, Rad mentioned about the impact of the Euro group meeting (medium impact in ff), I'll skip also in future as well.

Frankly, my accounts have been went through many rounds of nearly burst and finally survive due to sudden reverse trend. It's really lucky. So far I am happy with my current setting although I know it will burst one day later, I'll withdraw the profit when it reach my target.

Green pips to all.
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