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Trapping System: Grid

  • #3,461
  • Apr 19, 2016 9:58pm Apr 19, 2016 9:58pm
Quoting jonirrenicus
case study day2 {image} Yesterday i forgot to send this picture, i will trade at every fibonacci lvls. Red Dot 1 = End price High Red Dot 2 = End price Low 61.8 is a start price For those who can not understand fibonacci, pls. go take some basic lessions in this forum. result {image} Although this method can be applied to all symbols, better use it on those Major pairs and popular corss pairs(EJ GJ EG...etc)

Hi jon,
guess most of us understand fibonacci. Drawing fibonacci sometimes subjective to draw high and low. I see you will do 0.02 sell and 0.01 buy if you foresee the price will go likely to go down, vice versa. Is this based on personal judgement?

And what if the price move out from the range of Red Dot 1 and Red Dot 2? And what's the lot size you place for each grid step of 4.8pips. There are so many questions yet to answer in detail.
  • #3,462
  • Apr 19, 2016 10:53pm Apr 19, 2016 10:53pm
Quoting happytrade38
{quote} Hi jon, guess most of us understand fibonacci. Drawing fibonacci sometimes subjective to draw high and low. I see you will do 0.02 sell and 0.01 buy if you foresee the price will go likely to go down, vice versa. Is this based on personal judgement? And what if the price move out from the range of Red Dot 1 and Red Dot 2? And what's the lot size you place for each grid step of 4.8pips. There are so many questions yet to answer in detail.
Since you have read all rad's post, you know that we are trading consolidation rather than trend.

48 points is 0.618 ADR, why? ask Mr. Fibonacci

Sell 0.02 becasue the strongest resistance for EU is 50.0-78.6 lvls, if price reaches those lvls the buy power is still strong so i Buy 0.01.

Red Dots are used to minimise possible loss if market breakout.

Above is consolidation trading...

For trend trading, you have to turn off one side, set end prices at round numbers as you TP and SL.
exp.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB

EA update-
1 added Take profit after BE, default is 10, when EA reach End price(or time), you get a small profit after breakeven.
2 Use fibonacci lvls as magic numbers for you to easily recongize which lvls you are traded. Same magic number can be used on different sbymols.
Attached File(s)
File Type: ex4 Dragon Knight EA.ex4   77 KB | 596 downloads
No one wants to be defeated~
  • #3,463
  • Apr 19, 2016 11:20pm Apr 19, 2016 11:20pm
Quoting jonirrenicus
{quote} Since you have read all rad's post, you know that we are trading consolidation rather than trend. 48 points is 0.618 ADR, why? ask Mr. Fibonacci Sell 0.02 becasue the strongest resistance for EU is 50.0-78.6 lvls, if price reaches those lvls the buy power is still strong so i Buy 0.01. Red Dots are used to minimise possible loss if market breakout. Above is consolidation trading... For trend trading, you have to turn off one side, set end prices at round numbers as you TP and SL. exp. {image} EA update- 1 added Take profit after BE,...
Hi jon,
yes, I am fully aware that grid works best in range/consolidation stage.
Do you mean that when the price move from within 2 dots to out of dots, then you will cut loss when the cycle not yet close?
What i means is what's the lot size of each 48points grid..
  • #3,464
  • Apr 20, 2016 12:23am Apr 20, 2016 12:23am
Quoting happytrade38
{quote} Hi jon, yes, I am fully aware that grid works best in range/consolidation stage. Do you mean that when the price move from within 2 dots to out of dots, then you will cut loss when the cycle not yet close? What i means is what's the lot size of each 48points grid..
it will not cut loss but close all at BE .... test it by yourself...see what will happen~
No one wants to be defeated~
  • #3,465
  • Apr 20, 2016 12:30am Apr 20, 2016 12:30am
case study day 2

13:00 EURECB President Draghi Speaks, that means cancel your plan and wait for 2 hours.
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  • #3,466
  • Apr 20, 2016 12:36am Apr 20, 2016 12:36am
case 3

No data, good set up model!
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  • #3,467
  • Apr 20, 2016 12:43am Apr 20, 2016 12:43am
case 4

no data too, 5 trades
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No one wants to be defeated~
  • #3,468
  • Apr 20, 2016 12:51am Apr 20, 2016 12:51am
Quoting jonirrenicus
case 3 No data, good set up model! {image} {image}
Hi jon,
yet to reach 38.2 or 61.8 level, why you turn on the EA on this pair?
  • #3,469
  • Apr 20, 2016 7:50am Apr 20, 2016 7:50am
Quoting jonirrenicus
Red Dot 1 = End price High
Red Dot 2 = End price Low
I don't understand how do you define Red Dot 1 and Red Dot 2, could you explain?
  • #3,470
  • Apr 20, 2016 10:14am Apr 20, 2016 10:14am
Show your myfxbook or trading explorer so we can analyze your system and how long
  • #3,471
  • Apr 20, 2016 8:35pm Apr 20, 2016 8:35pm
Quoting aquasunboy
Show your myfxbook or trading explorer so we can analyze your system and how long
how?
No one wants to be defeated~
  • #3,472
  • Apr 20, 2016 8:35pm Apr 20, 2016 8:35pm
Quoting Alberto_Jazz
{quote} I don't understand how do you define Red Dot 1 and Red Dot 2, could you explain?
Red Dots are used to minimise possible loss if market breakout.
No one wants to be defeated~
  • #3,473
  • Edited Apr 21, 2016 3:48am Apr 20, 2016 8:41pm | Edited Apr 21, 2016 3:48am
strong trend dodge system works quite well yesterday.

If you still have questions that's could be my bad English or your problem of comprehension .
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No one wants to be defeated~
  • #3,474
  • Apr 20, 2016 9:35pm Apr 20, 2016 9:35pm
Quoting jonirrenicus
{quote} Red Dots are used to minimise possible loss if market breakout.
hi jon,

take some chart example and just mention the settings of the EA,,pls ..that will be more clearer.

without knowing the behaviour of this EA and settings ...its danger to use any EA ..pls explain.


provide some chart example and their settings in EA
  • #3,475
  • Apr 21, 2016 12:53am Apr 21, 2016 12:53am
Quoting jonirrenicus
Red Dots are used to minimise possible loss if market breakout.
That's ok, but how and when (once a day, at a certain time...) do you calculate these Dots?
  • #3,476
  • Apr 21, 2016 3:59am Apr 21, 2016 3:59am
Quoting Alberto_Jazz
{quote} That's ok, but how and when (once a day, at a certain time...) do you calculate these Dots?
No calculation is needed, start from 1.0025 end price(low)= 1.0000 end price(high) =1.0075 for most set ups.

If we use grid step EA, we will be stuck in sell and make very small profit after UJ pull back.

What if UJ didnt go back? we will be stuck in heavier loss.....enventually....ACC. blow up.

Anyway, i have shared everything i know to help rad to fullfill his task and I hope he will take my advice.

If you want to know more about this EA, pls. search "Dragon Expert".

My EA is a dupilcation of his work, but it's much more safer than the original.
No one wants to be defeated~
  • #3,477
  • Apr 21, 2016 4:08am Apr 21, 2016 4:08am
Today's plan....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 3 KB


I bet for long....cause AU GU are obvious long, EU is neutral and waitting for the data.
No one wants to be defeated~
  • #3,478
  • Apr 21, 2016 4:14am Apr 21, 2016 4:14am
Quoting jonirrenicus
{quote} No calculation is needed, start from 1.0025 end price(low)= 1.0000 end price(high) =1.0075 for most set ups. If we use grid step EA, we will be stuck in sell and make very small profit after UJ pull back. What if UJ didnt go back? we will be stuck in heavier loss.....enventually....ACC. blow up. Anyway, i have shared everything i know to help rad to fullfill his task and I hope he will take my advice. If you want to know more about this EA, pls. search "Dragon Expert". My EA is a dupilcation of his work, but it's much more safer than the...
Hi jon,
mind to share the mql4 file instead?
  • #3,479
  • Apr 21, 2016 9:21am Apr 21, 2016 9:21am
hello Jonirrenicus, it seems a good expert Drago that you share here.

can you share a file set for eurusd? please

excuse for my bad english

thank you
  • #3,480
  • Apr 21, 2016 9:48pm Apr 21, 2016 9:48pm
Quoting traderhobby
hello Jonirrenicus, it seems a good expert Drago that you share here. can you share a file set for eurusd? please excuse for my bad english thank you
There is no set file....there is no set and forget EA....your mind is the most powerful weapon you have.

pls. look at my previous posts again and again, i guarrentee that you can understand my stratege with less than 2 hours.
No one wants to be defeated~
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