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Accumulative Profits Grid System

  • #701
  • Mar 25, 2016 2:37pm Mar 25, 2016 2:37pm
Quoting MasterGuru
{quote} @GoldTheHun In post No. 529 @zigler has posted an excellent "EA assistant EA" to manage P&L. Highly recommended and thanks again to @Zigler for sharing it. You can also download it if you click on the "clip" symbol at the top of this page (under "Logout"). P.S. Probably it is a good idea to use smaller TP (e.g. $1 or $2) as you did in your experiment, as this way it is easier to get rid of "toxic positions" faster, which makes the EA safer, however, less profitable. Nonetheless, with any strategy (especially with grids) SAFETY is a higher...
OK.
  • #702
  • Mar 25, 2016 2:39pm Mar 25, 2016 2:39pm
Quoting soeasy69
{quote} You cant Trust what they say from Peace Army. lol He gets paid by BAD brokers to give them good ratings. YES it's a crooked world we live in!
OK.
  • #703
  • Mar 25, 2016 2:39pm Mar 25, 2016 2:39pm
Quoting zigler
Here is the plan... Go to Investors.com and Identify Neutral Pair for today. Set EA on that pair and Set Equity Manager (I post earlier) to take profit at $300-$500 (Depends on your lot size) Close all trades when target hit and disable EA. Next day Rinse and repeat.. Just blindly running it 24/7 on the same pair you are asking for trouble especially with the Tight STEP... IMHO http://www.investing.com/quotes/stre...2%80%93-majors Click on Technical TAB look for Neutral Hourly/Daily At least do not apply on Strong Sell...
OK.
  • #704
  • Mar 25, 2016 2:41pm Mar 25, 2016 2:41pm
Quoting profitfarmer
{quote} yes, my thoughts. an accepted risk vs a worthy return can justify the means. however, a few notes: - I don't trade days like this, holiday and low liquidity. strongly believe neither the EA should, thus it is off till Monday here. - If not all red news, but selected few really high impact the EA should be stopped from trading in advance as soon as current DD permits, but comfortably before the high impact news ( like NFP, FOMC). Note I believe not all so called red news created with same importance despite being categorized the same in...
OK.
  • #705
  • Mar 25, 2016 2:42pm Mar 25, 2016 2:42pm
Quoting rebekaprint
interesting idea. i think its more than a expert. logic and good. thanks romeo
Thanks.
  • #706
  • Mar 25, 2016 2:45pm Mar 25, 2016 2:45pm
Quoting MasterGuru
{quote} @profitfarmer Noteworthy recommendations. Thanks! Many of these necessary recommendations cannot be programmed into the EA for backtesting purposes, so what is left is the tedious process of semi-automated forward testing... For those who fancy the ongoing experimentation with the very first EA version (which is only partially consistent with the strategy outlined by @Remon) here is a brief summary of recent member recommendations: 1. Consider smaller TP (to get rid of toxic positions sooner). - @GoldTheHun 2. "Go to Investors.com and Identify...
OK.
  • #707
  • Mar 25, 2016 2:53pm Mar 25, 2016 2:53pm
Quoting profitfarmer
{quote} I am not a Picasso, but tried to draw up something, based on my live account's chart. The conditions clearly will show my reasoning. Also points back to my previous post where there was the mention about demo vs. real live trading then EA( what the ultimate goal for this). My average live spread this time 0.2 pips perhaps, vs. the 1.1 shown for today!! Makes you wonder how close demo and live liquidity is today, when comes to trading? Understand on demo it all looks great, just believe today the live conditions would hardly reflect anything...
OK.
  • #708
  • Mar 25, 2016 2:54pm Mar 25, 2016 2:54pm
Quoting Nidolap
Great work here guys! Concerning brokers, what would be better, low spread and commission or normal spread no commission? Regards.
OK.
  • #709
  • Mar 25, 2016 2:55pm Mar 25, 2016 2:55pm
Quoting soeasy69
{quote} Strategies like this NEWS, Holidays, what have you DOES NOT MATTER!
OK.
  • #710
  • Mar 25, 2016 2:56pm Mar 25, 2016 2:56pm
my first day test on 10000$ demo account
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  • #711
  • Mar 25, 2016 2:56pm Mar 25, 2016 2:56pm
Quoting MasterGuru
{quote} @Nidolap Well, I had a strange experience at ICM about this issue, i.e. that "True ECN" vs. "Standard". Initially I thought that ECN spread cost + commission would be lower than Standard spread cost... But, no!! Those ECN spreads are practically "for show" only as the slippages always added another 0.3-0.5 pips to the costs of "True ECN" trades (which were "B-booked" trades in reality), while there were practically no slippages on the Standard account. The bottom line: the transaction costs were about the same on "True ECN" and on "Standard"....
OK.
  • #712
  • Mar 25, 2016 2:58pm Mar 25, 2016 2:58pm
Quoting soeasy69
{quote} ICM is a scam broker they show you low spreads to attract traders they they SLIP THE SHIT out of people. And they more than likely run Plug Ins to screw traders as well. Are we still liking Forex Ladies and Gents?
OK.
  • #713
  • Mar 25, 2016 2:59pm Mar 25, 2016 2:59pm
Quoting soeasy69
{quote} THE MORE UP AND DOWN CRAZZY ACTION Woo hoo the better... Volatility is your friend with this type of BOT baby!!!
OK.
  • #714
  • Mar 25, 2016 3:01pm Mar 25, 2016 3:01pm
Quoting MasterGuru
{quote} I agree. ICM's "True ECN" and Pepperstone"s "Razor" are literally a JOKES with the huge slippages (in spite of the charged commissions, which are apparently not enough for them)... But at least - hopefully - they will not disappear with my funds like this Bozo Reza Mokhtarian of "Capital Trust Markets": http://www.forexfactory.com/showthre...71#post8829271 He has even tattooed the word: "Trust" on his left hand... What a hypocrite...! {image}
OK.
  • #715
  • Mar 25, 2016 3:03pm Mar 25, 2016 3:03pm
Quoting kilion
{quote} Masterguru: can you please clarify what EA version are you running? 1st (remon78eg) or 2nd (remon78eg 2 Part 1) Great work guys, I'm following with great interest and will start to test soon!
Good.
  • #716
  • Mar 25, 2016 3:05pm Mar 25, 2016 3:05pm
This test started yesterday. eurgbp. Fixed lot 0.02. Grid step 40 (4 pips) ......min profit close 4.0.....buy and sell.

spreads are fixed on this demo at 2 pips....Roboforex. No commissions. Max drawdown for the day was $12.00

I thinks its already been said....but a daily profit function set in the ea would be a good idea. Close all, and turn off ea till next start time when profit target is reached.

The same could be said for a loss target. This ea could be run like a normal trade with risk to reward ratio.

So at the start of the day....user sets.....profit target say $30

And set max drawdown or loss.. $30 ...close all when ea has too big a hole to get out of.

1.1 risk / reward or other ratios as defiined by the user. They cant all be good days or bad days....end of the month....hopefully profit.

Just an idea to stop the total blow out and risk of losing all capital in one bad day. If Remons ea hedges better than these ones the max drawdown may not be so extreme.
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  • #717
  • Mar 25, 2016 3:07pm Mar 25, 2016 3:07pm
Quoting Pirata78
Hello friends. I'm italian. I use the translator. Sorry for my English . From personal experience , the video one strategy does not work . The two strategy is interesting. I have two ideas that I used in my robot that improve performance , and decrease the dd ... Reduce the effects of the strong trend . Method one . Sorry horrible design . Using pending orders , as in the drawing , mainly open orders , in favor of the trend. They are closed , those against the trend . Second method . Use some volatility indicators , and trend , to "turn off " pendants....
Thanks,
But, I Don't Notice The Idea,
Can You Coding It To See The Results.
  • #718
  • Mar 25, 2016 3:08pm Mar 25, 2016 3:08pm
Quoting soeasy69
{quote} They may not shut down but they will steal your money pip by pip as they SLIP YOU TO $0.00!!! Those brokers from Australia are crooks! The only broker I trust is ATC Brokers UK
OK.
  • #719
  • Mar 25, 2016 3:10pm Mar 25, 2016 3:10pm
Quoting zigler
{quote} It goes into EXPERT folder, it's a EA, just open any chart stick on it and it will control entire MT4 Platform Trades, Never less there is also option to Stop loss either % of Equity or $$$ Amount... Just want to point out that we are still waiting for Original EA to be released, it's hard to evaluate anything without final product... Looking forward to test it ones it's available Maybe it was slow night, but I run all night 0.10 LOT STEP 2 Original EA with Martingale on 2 EU charts one SELL Only other BUY Only, it made $300 overnight......
OK.
  • #720
  • Mar 25, 2016 3:11pm Mar 25, 2016 3:11pm
Quoting AcerPhoon
{quote} Why though? It survived just fine for me aswell. Running 24 hours non-stop and even high impact news on EUR and USD didn't blow it. {quote} Global Prime is from Australia and they're arguably the best rated broker ever. Don't make assumptions on all brokers over there just because some of them are scum. {quote} If you remember, yesterday there were high impact news for both, the USD and the Euro. And your EA did survive, right? Obviously it wasn't something VERY major like NFP news or ECB though, So it would be nice to see if the account...
OK.
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