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Accumulative Profits Grid System

  • #1,481
  • Apr 1, 2016 2:45pm Apr 1, 2016 2:45pm
Quoting Magix
{quote} Seems easy enough, only issue being is that on market reversals, you will have bought the top or sold the bottom and end up in situations where prosperity is impossible no matter the lot size, grid size or number of trades. Market is dynamic, think more inside of these dynamics and you may be on to something. If you keep to a static grid and static logic, no matter grid size or size of the trade, you will end up in loss.

So TRUE Magix!

"on market reversals, you will have bought the top or sold the bottom and end up in situations where prosperity is impossible no matter the lot size"

If we knew where to stop buying or STOP selling we would not need these grids. You explained it well Magix!!! This way YES we suffer first but get rewarded later when price retraces! And when it does we end up Selling near the TOP and Buying near the bottom. And that's how its suppose to be done.

"Buy Low Sell High!"

Have a nice weekend...
  • #1,482
  • Apr 1, 2016 2:54pm Apr 1, 2016 2:54pm
Quoting zigler
Look the way the Orig EA working now, you have to cry first then count cash.. Basically first you have to drawn your Equity as far as possible and make profit on the way back... Make me poor first then I might get rich later?... Why not Buy higher and Sell lower, just simply imaging MIDDLE LINE OK? Now we are selling every 5 pips down or buying every 5 pips UP, you ready? Let say we don't care for now to close trades.. So let's say PAIR move down 50 pips first and move up 30 pips, we SOLD 5 times and we buy 3 times we will be in profit regardless...
Hi,

so maybe use EMA 34 or other moving average [ above buying, beyond selling ] ?

regards
mojepole
  • #1,483
  • Apr 1, 2016 2:58pm Apr 1, 2016 2:58pm
Quoting AcerPhoon
I started a new account with a more realistic approach. An account with 500$. 2 days ago and I am now up 40%. I simply avoided trading during news times. Meaning not much trades for me today and only made like 90 pips but still I am happy enough. Have a nice weekend everyone!
@AcerPhoon

Congratulations! Although I will continue my current experiment until the account is crashed, my next week project is the following (until Remon's "Part 2" EA is out):

1. Same EA (by Voldemar; in Post No. 241).
2. Same EUR/GBP.
3. Smaller ($1k) but still demo account.
4. Reduced risk from 1% to 0.6% (or 0.03 lot size per $1k).
5. Trading each day from London Close (or weekend market open) until +1% net profit for the day.

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  • #1,484
  • Edited 4:18pm Apr 1, 2016 3:28pm | Edited 4:18pm
Quoting Magix
{quote} All changes I have suggested are from the Newest Version posted by Voldemar HERE..
Thanks for the clarification, bro, I changed the bot accordingly and now looking for actions But? It's Friday..

Ohh well, see ya'll Monday then, hopefully with CASH positive screenshot prints
  • #1,485
  • Apr 1, 2016 3:30pm Apr 1, 2016 3:30pm
Quoting zigler
{quote} Thanks for the clarification, bro, Change the boat accordingly and now looking for actions But? It's Friday.. Ohh well, see ya'll Monday then, hopefully with CASH positive screenshot prints

I will be launching a couple of other play/private versions for the new week...going to give this the attention it deserves!

Have a good one, brother!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,486
  • Apr 1, 2016 3:31pm Apr 1, 2016 3:31pm
Quoting MasterGuru
{quote} @AcerPhoon Congratulations! Although I will continue my current experiment until the account is crashed, my next week project is the following (until Remon's "Part 2" EA is out): 1. Same EA (by Voldemar; in Post No. 241). 2. Same EUR/GBP. 3. Smaller ($1k) but still demo account. 4. Reduced risk from 1% to 0.6% (or 0.03 lot size per $1k). 5. Trading each day from London Close (or weekend market open) until +1% net profit for the day. {image}
Consider, Carniero suggestions also. Tokyo+3 will also be useful. EURUSD is a bad selection. Try on AUDNZD,AUDJPY,AUDCAD in Tokyo
Forex; the game of movements not the game of candles.
  • #1,487
  • Apr 1, 2016 3:33pm Apr 1, 2016 3:33pm
Quoting Carneiro
we can use the EA for many uses ... we can follow the direction of D1 candle that changes direction Yesterday GBPUSD changed direction,, today joined with EA remon fixed lot only SELL We had other pairs who changed direction,,, yesterday and today we have several pairs with D1 sail changing the direction. We put the EA only to operate in the direction of D1 candle changed. In these 02 days, I made more than 4700 pips, with a distance of 05 pips. Just one suggestion for test See that today we have a few pairs changing the direction of D1 candle example:...
Hi, I downloaded the EA fixed lot from post 349 and applied these settings, trades are opening as required but Not BEING CLOSED as per the 5 pip profit, CAN Anyone HELP what is wrong

Thanks
  • #1,488
  • Apr 1, 2016 4:22pm Apr 1, 2016 4:22pm
Quoting Jaisingh
{quote} Hi, I downloaded the EA fixed lot from post 349 and applied these settings, trades are opening as required but Not BEING CLOSED as per the 5 pip profit, CAN Anyone HELP what is wrong Thanks
you have to put as post 1301

and not 05 pips,,, are $ 05
  • #1,489
  • Apr 1, 2016 4:39pm Apr 1, 2016 4:39pm
Quoting Carneiro
{quote} you have to put as post 1301 and not 05 pips,,, are $ 05
Thanks for the clarification, i had done the setting as per your post 1301 only and indeed is a great strategy,
but with 0.01 lot is not 5$ too much means 50 pips, or 5 means something else...

Thanks
  • #1,490
  • Apr 1, 2016 4:42pm Apr 1, 2016 4:42pm
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and the fall in the end is because the EA had to close the 50 remaining positions at the end of the month, if not i wonder where it would stop
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30% max drawdown in a month for 40% profit i guess it s ok right?
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  • #1,491
  • Apr 1, 2016 5:43pm Apr 1, 2016 5:43pm
This pips monster will need a monster to pocket the flood of Pips. This is just a rough sketch of a system, I am thinking to develop for the strategy part 1 this weekend. To be true, I am not convinced by Part 2.
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Forex; the game of movements not the game of candles.
  • #1,492
  • Apr 1, 2016 6:12pm Apr 1, 2016 6:12pm
There's a new EA on stevehopwoodforex.com, which is based on the OP's idea. Based on my interpretation on how it works, it may be incorporating elements from Video 2, but I could be wrong. Anyway, it's called Rinse and Repeat, and should be worth checking out.
  • #1,493
  • Apr 1, 2016 6:23pm Apr 1, 2016 6:23pm
Quoting keydcuk
I think I have exhausted most of the capabilities to testing this part1 EA and I also agree that fix lots is definitely the better solution. As I am looking closely at the video part2, I noticed that it is opening both BUY & SELL positions at the same time as the wave goes up or down to the extremities of the gird. I SOoo wish I knew how to code! Saying this, I have had a look at Voldermar's code for part 1 EA and I was amazed to see how much of a short code this was! If I understood it, I would give it a go to try to code part 2 into it. Is there...



While Coding It I Face Many Problems With This Not Perfect MQL4 Debugger

I Want To Run The Code Step By Step To See The Movement/Flow Of The Code Inside Functions

This Capability Exists Perfectly In Old VB6

So I Have To Code It In VB6 First To Debug ,And Convert The Code To MQL4

And Also I Need To Code It In VB6 To Test It At Zero Spread And Calc Spread Manualy,
Because MT4 Tester Not Tell The Truth And Not Give The Real Result.
  • #1,494
  • Apr 1, 2016 6:39pm Apr 1, 2016 6:39pm
Quoting remon78eg
{quote} While Coding It I Face Many Problems With This Not Perfect MQL4 Debugger I Want To Run The Code Step By Step To See The Movement/Flow Of The Code Inside Functions This Capability Exists Perfectly In Old VB6 So I Have To Code It In VB6 First To Debug ,And Convert The Code To MQL4 And Also I Need To Code It In VB6 To Test It At Zero Spread And Calc Spread Manualy, Because MT4 Tester Not Tell The Truth And Not Give The Real Result.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,495
  • Apr 1, 2016 7:06pm Apr 1, 2016 7:06pm
Quoting ChicagoRob
There's a new EA on stevehopwoodforex.com, which is based on the OP's idea. Based on my interpretation on how it works, it may be incorporating elements from Video 2, but I could be wrong. Anyway, it's called Rinse and Repeat, and should be worth checking out.
OK, Thanks.
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Yes This Is The Same Idea Of Part2.
  • #1,496
  • Apr 1, 2016 7:21pm Apr 1, 2016 7:21pm
Quoting Magix
{quote}
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It Can Be Done.
  • #1,497
  • Apr 1, 2016 7:26pm Apr 1, 2016 7:26pm
Quoting remon78eg
{quote} OK, Thanks. {image} Yes This Is The Same Idea Of Part2.

Thanks Remon... please take your own time and we will wait patiently.. I'm very much interested in the part 2 concept and will definitely want to try my hands on it...I've only commented on the part 2 concept so far and it it because i feel it is something interesting...
  • #1,498
  • Apr 1, 2016 7:29pm Apr 1, 2016 7:29pm
Quoting remon78eg
{quote} {image} It Can Be Done.
  • #1,499
  • Apr 1, 2016 7:45pm Apr 1, 2016 7:45pm
Quoting MasterGuru
{quote} @soeasy69 You are right absolutely right about it...! One solution might be that above "X" number of accumulated Buy or Sell trades (after which they might become "toxic") the EA switches into "safe mode". In "safe mode" the EA would use ALL new profits to offset (close) "toxic" trades. In other word: when closed new profits = or > largest floating loss trade, the EA closes that toxic trade and counts the number of accumulated Buy/Sell trades again. If still above "X", then it continues in "safe mode" until all toxic trades are eliminated,...
This has also been one of my thoughts in another Grid EA I have been thoroughly been testing. In my case it was that grid baskets would reach huge DDs for periods up to 3 months and then a bit more. I was trying to see if there was a nominal amount of positions that I would consider closing at a loss in order for new trades to win.

In this case, I am taking in your idea of toxic grids. It is not quite the same scenario as I experienced in my other Grid EA work but the principle remains the same.

"Is there an ideal DD point to close as a SL to start taking a new grid and new trades?"

One side of me thinks that the answer is NO because of the way THIS particular strategy works. The other part of me says YES because I have studied Grids and one of the principle risks of gridding is for PA never to return to a certain price level. Although most certainly price reaches again but how many months laters? The action of this system struggles to sometime get rid of that far bottom or far top loser if there are too many open positions.

There are two things to think about. Is this EA actually programmed to take notice of how many open positions? If so, why is it behaving in a sense of often being more concerned about only the first few grid positions and that only much later it rids the so far away extreme DDed loser?

I don't want to brainstorm this too much as I am only speaking of something that we have only seen half of its capabilities. The sells only take care of the sells and the buys only take care of the buys. When we see something that one can manage the other in term of each other's Ps/Ls, then there will be something to talk about.

It is possible in my opinion that there is too much brainstorming of part 1 as we have not seen both parts in action. Guilty of being excited how powerful just one part of the system can behave! I think with sticking to the ORIGINAL strategy, we have nearly saturated the ideas around what we have without deviating.

...Just another ramble I suppose

Cheers!

Daniel
  • #1,500
  • Apr 1, 2016 8:16pm Apr 1, 2016 8:16pm
The Perfect Way To Test The Part2 Idea Is Like That:


1. Take The Most Bad Market Movement Period.
2. Convert It's Prices To Grid Like That.
3. Test This Movement At The Paper And Calc (+Profits -Spreads).
4. If It Survive Then We Can Make The EA (At This Hope).
5. Test The EA At The Same (Bad Market Movement ).
6. Make The EA Survive Also At This (Bad Market Movement ).
7. If Not, Then It Is A Mistake In The EA.





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Example to Convert Real Prices To Grid.
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