Expanding Grid

here is:
balance = 0.01 * 10 * 1,000
balance = 100

you need 100 per chart for StartLotQty=0.01

with 900, you will be safe with about 7 or 8 charts. If you are scalping, change StartLotQty to 0.03, it will default target to $0.03 (TakeProfit = StartLotQty * Contract_size / 1000) and reduce the quantity of charts to 4

if you increases StartLotQty then reduce quantity of charts.

I do prefer to have more charts, different symbols, instead of increasing the StartLotQty. it will diversify better.

Note that symmetry is been the more safest EG style, consider it.

This is my account's settings . And I have 100 $ balance.

for symmetry, only EURUSD. StartLotQty=0.05 and GridSizeFactor=6 will do it. everything else as default. Every 100 create new chart symbol.

Well do the test ... !!! the minimum for work indicated would be 200 usd .. with this set .....
0.01 for 200 usd ... ..... doubling the capital .... 400 .... 0.02 ..... 800 .... 0.03.. !! and GMT -3..... in brazil ..... 1:00 am 3:00 pm

New revision, please re-download (version 028b):
What is new?

1. Default parameters optimized
2. scalpGrid target modified to allow cent accounts. Minimum calculated target set to 0.02
3. new magenta labeled line to display the break even point for the entire cycle. It changes as spread increases/decreases.
4. memory optimization.

please redownlod on post one,
thanks,
bauta

Thank you dear Bauta. New line is so good.

Dear Gilfx,
Considering the explanations about the lot calculation, don't you think 0.1 is little bit aggressive?!
Actually I am testing it but I have no idea where it goes!

Perhaps, but my goal is to test the script limits.

gilfx

Done for the week, all flat. We ended green.

I am noticing communication problems with IC-Markets, this happened more than three times now. I am considering reopening a new 25K account and discontinue trading on IC-Markets.
Note I do have more than 8 brokers accounts in the same server/computer and the others did not stop responding as IC-Markets did, so I do blame IC-Markets.

have you all a nice weekend!
bauta

Hi Bauta , I have an issue . Closure mode target must be 0.01 but it is 0.10 now in last version.

Please re-download.
Thanks, bauta

Ok solved , thank you Dear Bauta .

Thank you very much Bauta for all your hard working here,
Please also let me know what Grid factor you suggest on this setting: 0.03 lot with scalperGrid!
Thanks

Hi Bauta . I have 3 questions ;

1- When I use ApplySettingsToAll.ex4 script , it is changing all different settings on charts . Ex. I'm using Eurusd with symmetry manually grid 27 , audusd with grid 35 and gbpusd with grid 45 ( all grids manually ) , it is making all grids like attached chart . ( If you attach it on eurusd with closure mode all USD pairs , it making different settings of other USD's pairs , like EURUSD's settings. How I keep diffrent settings of other pairs when use this script ?

2- I'm trying symmetry 2 with manual settings. Is it possible to make friday closure mode false ? So same pairs did not close this week on my account because they are have large manual grids . Can I see a surprise on Mondays by this way ? Or should I set all charts to closure mode with global variables at friday's earlies hours ?

3- I think to make a plan for every weeks before starting markets ;
They must be all pairs that want to use , with this characteristic :
a- 5 , 10 and 20 daily range average must be above 100 pips.
b- They must be not have any red news on current week like central banks chairman's talks , interest rate decisions , Employment Changes , Unemployment rates , hourly earnings and likes. It is possible a think ? ( ex. I'm thinking to use usdjpy,eurjpy,eurnzd,nzdjpy,chfjpy,gold,eurusd and nzdusd on this week )

I'm not thinking to use GBP , AUD and CAD pairs according to my plan at this week..

Thank you
Ibrahim AKKUS

Answer 1: ApplySettingToAll is just what its name say. Apply current chart settings to all. To keep different settings you must go chart by chart.
Answer 2: To make Friday closure to false, set FlatOnFriday=false on the pairs you want to not closure. see image

there are not grid or mathematically reason to close on Fridays, it is emotionally reason only. I do like to rest the weekend with not worries about surprises next week. It happens in the past, some time unexpected, sometimes planned by institutions. they like to trap us when the market is closed. so, I do recommend closure on Fridays.
yes, you can set closure=1 early, sometimes, when I do have a good week, I do start closure early, then a do social Friday early. (get some scotch with friends)
Answer 3: Yes, I do review releases calendar everyday and I do closure mode to pairs I think will be affected. you do not have to do that for every red news, just for the news that aggressively moved the market in the past. It is hard to classify the news, it may surprise you.
Let me explain a bit more here about news. First, it is important to understand that EG104 is not a news trading system, EG104 sometimes profit the best on news, sometimes fail the worst on news.
it is ok to not profit, the one that is not ok is the failure,
What i do to protect the failure is set closure mode. (symmetry or scalperGrid only, the other EG styles works best on breakouts. it means that news chasing is only for symmetry and scalperGrid).
EG104 can be setup in different ways or options to control the big move. One is to set it on closure mode two or more hours before the news, wait for the market calms and set closure mode back to false.
Second option is to set DynamicGrid=true and Dynamic_Percent_Increase=25, after the news releases, set DynamicGrid=false.
Third option, if you have enough money, set EG104 in multi-style mode, set magic number to 302 on mChannel style, after the news releases, set mChannel back to 0 and then open a new chart, add EG104 to it and change symmetry to 302, set CONTINUE=false. It will closure mode the mChannel. When EG104 displays DISABLED, close the chart.
one more option is to set GridSizePips to a bigger number, something like 50 to 200, when the news releases, set it back to 0.
Finally, i want to mention it again, EG104 symmetry profit the best on regular news, up to five levels move. the problem is when there are not enough money to open more levels, 10 for example. This is the scenario we are trying to control. If we filter all the news, the EA does not works the best. Just filter the news you believe will move the market 8 or more levels. Observe the GridSizePips showing on the chart (see image) that is the move needed to open one more level, it is also what it needs to close the cycle. Keep it on equilibrium. If you want to control levels, increase it, if you want to close faster and have enough money, decrease it.
DynamigGrid will increase it for you automatically if it is set to true (Expand). I am working on a decrease parameter. After testing i will post.
You can calculate the grid size using the amount of money you have, if you have money for 5 levels only, find the major support or resistance and divide the distance from the current price to it in pips by five, example, if the next major support is 225 pips away, set GridSizePips=45 or more, when the news releases, set it back to 0.

I will alert here when I set my setups to closure mode, you can follow me.
bauta

Thank you Dear Bauta for extensive information.

Here is my set for this Week.
I have tested this set in 3 Week in the past. So I will test it again.
Good job my friends

gilfx

Please provide an screen shot of i-MinLot then I will be able to duplicate your setup.
thanks, bauta

I have been following impact of Financial News for many years now, so by my experience I can filter out those news, that will have bigger impact for USD pairs this week:



Since I am mostly following News impact on various setups of Expanding Grid last few months, I think that there is very important, which style is enabled in EG104 Expert Advisor.

Some settings are better during low volatility and ranging markets, but other setups are doing great, when market is more liquid, trending and during the bigger Financial News announcements.

Good trading luck to all of us

Thank you . Good trades !