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Grid Correlation Trading- From $5,000 to $100,000

  • #41
  • Edited 7:39pm Mar 10, 2016 7:18pm | Edited 7:39pm
Quoting jonirrenicus
{quote} Even 200% modelling quality cant guarantee success in forward trading. That's not my point my friend. I think you are not willing to trade source code with me. No matter i can recreate your EA in several days. Why not do me a favor? and i give you a improved version which is much more profitable than you use now. Think about it, my friend.
Recreate it as you wish and make your own profitable EA. Improvement idea is ok, but giving the source code to STRANGER? Nope. I remember last time stranger like you want to collaborate, my EA end up on market. Good luck brother
Risk comes from not knowing what you're doing.
  • #42
  • Mar 10, 2016 7:47pm Mar 10, 2016 7:47pm
Quoting dragonexpert
{quote} Recreate it as you wish and make your own profitable EA. Improvement idea is ok, but giving the source code to STRANGER? Nope. I remember last time stranger like you want to collaborate, my EA end up on market. Good luck brother
That is y i m very careful with people in ff. They are very very funny. Give them something free, u ll see such in market place.

Take heart brother.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #43
  • Mar 10, 2016 7:48pm Mar 10, 2016 7:48pm
Quoting dragonexpert
{quote} you should make the distance for all pair same. Thats why i just give the demo because if you going real before ft it in demo and dont follow rule. You'll lose your money

Bro, the day before I did it for EG, GJ, EJ with same distance of 10p and TP of 8p. The account also burst when GJ when more than 150p. Just curious have you encountered the burst before for this?
  • #44
  • Edited Mar 11, 2016 7:17am Mar 10, 2016 8:36pm | Edited Mar 11, 2016 7:17am
ah nice, correlation
  • #45
  • Mar 11, 2016 12:00am Mar 11, 2016 12:00am
Quoting Robertk
{quote} I wouldnt go and trade one pair only. The idea is to use correlated pairs as an advantage. Also, i wouldnt consider this a holy grail. Bigger money will never let anyone manage their pockets using a martingale like this... Nonetheless so far so good! Are you going to withdraw some of the money before the 100.000 mark DE?
I agree with you.. but as i'm using 100 only i went with EURUSD for lowest spread. This is only demo my friend...
  • #46
  • Mar 11, 2016 12:04am Mar 11, 2016 12:04am
Quoting dragonexpert
{quote} Recreate it as you wish and make your own profitable EA. Improvement idea is ok, but giving the source code to STRANGER? Nope. I remember last time stranger like you want to collaborate, my EA end up on market. Good luck brother
Dear dragonexpert, Can you implement a TSL?
  • #47
  • Mar 11, 2016 1:44am Mar 11, 2016 1:44am
Quoting happytrade38
{quote} Bro, the day before I did it for EG, GJ, EJ with same distance of 10p and TP of 8p. The account also burst when GJ when more than 150p. Just curious have you encountered the burst before for this?
yes. I experience that account burst too. that's why FT it first in demo to find best correlation.
Risk comes from not knowing what you're doing.
  • #48
  • Mar 11, 2016 2:28am Mar 11, 2016 2:28am
Quoting dragonexpert
{quote} yes. I experience that account burst too. that's why FT it first in demo to find best correlation.

The Dragon Expert v2 Triangle Correlation with pairs of GU, GJ and UJ. I observed that GU and UJ have interval of 10p, and GJ has 20p. Is it purposely do so?
  • #49
  • Mar 11, 2016 3:45am Mar 11, 2016 3:45am
Quoting dragonexpert
{quote} yes. I experience that account burst too. that's why FT it first in demo to find best correlation.
Great job, dragonexpert! Testing it out and so far so good.

Not sure if you've tested it before, but would opening the subsequent trade in the opposite direction help to avoid busting the account in a trending scenario? Just a thought.
  • #50
  • Edited 5:42am Mar 11, 2016 5:20am | Edited 5:42am
Quoting dragonexpert (http://www.forexfactory.com/showthread.php?p=8807567#post8807567)
{quote} Recreate it as you wish and make your own profitable EA. Improvement idea is ok, but giving the source code to STRANGER? Nope. I remember last time stranger like you want to collaborate, my EA end up on market. Good luck brother

Nice job dragonexpert! 76% in 10days is very good for an EA.

I have 3 questions if you don't mind.

1) I tried using the EA in OANDA and it is not working. It says Demo account only but I am using the practice account in OANDA. Not sure if it is hardcoded in the EA to check for the word "DEMO".

2) I tried using the EA in the same broker as yours which is NEWFOREX and it is working but I just want to know if I did it correctly. I opened GBP/USD, GBP/JPY and USD/JPY and attached the EA to all 3 of them and then enable the autotrading. Is this the correct way of doing it?

3) What are the settings that you use for the EA? For it to run 24 hours, do I need to set Start Hour=24 and End Hour=24 or do I leave them blank?

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Thanks a lot if you have time to answer this and more power to your EA.
  • #51
  • Mar 11, 2016 5:35am Mar 11, 2016 5:35am
Quoting happytrade38
{quote} The Dragon Expert v2 Triangle Correlation with pairs of GU, GJ and UJ. I observed that GU and UJ have interval of 10p, and GJ has 20p. Is it purposely do so?
Average daily range in pips for GJ is almost twice as much as GU and UJ. Probably has to do with that.
  • #52
  • Mar 11, 2016 7:08am Mar 11, 2016 7:08am
Quoting scalpermike
Quoting dragonexpert (http://www.forexfactory.com/showthread.php?p=8807567#post8807567) {quote} Recreate it as you wish and make your own profitable EA. Improvement idea is ok, but giving the source code to STRANGER? Nope. I remember last time stranger like you want to collaborate, my EA end up on market. Good luck brother Nice job dragonexpert! 76% in 10days is very good for an EA. I have 3 questions if you don't mind. 1) I tried using the EA in OANDA and it is not working. It says Demo account only but I am using the practice account...
2) I think you did correctly, but for me, i did change the magic number, different to each pair. I start with that and so far no issue.
3) I think to run 24h, let the "Time Filter" to "False" bcs i tried yesterday with VPS. And don't forget to checks on MT4 Option
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  • #53
  • Mar 11, 2016 1:15pm Mar 11, 2016 1:15pm
24 hours with the activated EA
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Click to Enlarge Name: dragon 11 03.png Size: 88 KB
  • #54
  • Edited 1:22pm Mar 12, 2016 12:36pm | Edited 1:22pm
Quoting scalpermike
76% in 10days is very good for an EA. I have 3 questions if you don't mind. 1) I tried using the EA in OANDA and it is not working. It says Demo account only but I am using the practice account in OANDA. Not sure if it is hardcoded in the EA to check for the word "DEMO". 2) I tried using the EA in the same broker as yours which is NEWFOREX and it is working but I just want to know if I did it correctly. I opened GBP/USD, GBP/JPY and USD/JPY and attached the EA to all 3 of them and then enable the autotrading. Is this the correct way of doing...
1. its only work in demo account, you should demo first before decide to going real.
2. first disable the auto trading in toolbar, then open 3 chart GU GJ UJ, attach on each pair. setting the EA and tick allow live trading. After that enable auto trading in toolbar. It will open the position in same time on that 3 chart.
3. If you want to use 24 hour set time filter false.

the distance I set is 10 on all pair, the difference you see because of spread.

Almost 100% in 11 days.
Risk comes from not knowing what you're doing.
  • #55
  • Mar 13, 2016 8:26am Mar 13, 2016 8:26am
Quoting dragonexpert
{quote} 1. its only work in demo account, you should demo first before decide to going real. 2. first disable the auto trading in toolbar, then open 3 chart GU GJ UJ, attach on each pair. setting the EA and tick allow live trading. After that enable auto trading in toolbar. It will open the position in same time on that 3 chart. 3. If you want to use 24 hour set time filter false. the distance I set is 10 on all pair, the difference you see because of spread. Almost 100% in 11 days.

Hi dragon, you mean you set 10p of distance and 8p for TP for all 3 pairs (GU, GJ and UJ). The TE shown GU and UJ with 10p distance and GJ with 20p because the GJ spread of about 10p. Is my understanding correct?
  • #56
  • Mar 13, 2016 1:51pm Mar 13, 2016 1:51pm
Hi dragonexpert!

Thanks for the EA - will start to test tomorrow in demo. I have been running test on the strategy tester and the results seem very promising.

One question: Once a TP is reached, the TP of the trades in the opposite direction are changed/moved, how do you calculate where this new TP level is for these trades?

Thanks

Vlad
  • #57
  • Mar 14, 2016 3:22am Mar 14, 2016 3:22am
Quoting happytrade38
{quote} Hi dragon, you mean you set 10p of distance and 8p for TP for all 3 pairs (GU, GJ and UJ). The TE shown GU and UJ with 10p distance and GJ with 20p because the GJ spread of about 10p. Is my understanding correct?
for better execution I recommend you use ECN account. I already have another account ECN, the execution and spread was great.

Quoting Vlad13685
Hi dragonexpert! Thanks for the EA - will start to test tomorrow in demo. I have been running test on the strategy tester and the results seem very promising. One question: Once a TP is reached, the TP of the trades in the opposite direction are changed/moved, how do you calculate where this new TP level is for these trades? Thanks Vlad
its based on distance pips.

Reached my 2nd milestone, 100% in 12 days. Next 200%.
Risk comes from not knowing what you're doing.
  • #58
  • Mar 14, 2016 4:07am Mar 14, 2016 4:07am
Quoting dragonexpert
{quote} for better execution I recommend you use ECN account. I already have another account ECN, the execution and spread was great. {quote} its based on distance pips. Reached my 2nd milestone, 100% in 12 days. Next 200%.

Sorry dragon, didn't catch the answer correctly. Why your TE shown GJ with 20p compared to 10p for GU and UJ? thanks.
  • #59
  • Mar 14, 2016 7:15am Mar 14, 2016 7:15am
For me, your trade is very risky.
I am for martingale although. It's good at correct calculation of risks and exit points. I hope you figure it out a long time ago. Green pips.
Looking for partners
  • #60
  • Mar 14, 2016 9:08am Mar 14, 2016 9:08am
Quoting dragonexpert
{quote} for better execution I recommend you use ECN account. I already have another account ECN, the execution and spread was great. {quote} its based on distance pips. Reached my 2nd milestone, 100% in 12 days. Next 200%.
Friendly Dragon Expert congratulations on this EA dragon.
Forex operate manually since 2007, and we know the risk of an EA. But I see that this is different, has great potential ... I think he let Tokyo opening on until 02 hours after opening London is very good.
It would be good that EA have a device to close all operations ....
grateful and stay in PEACE
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