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Trapping System: Grid

  • #3,481
  • Apr 22, 2016 2:26am Apr 22, 2016 2:26am
Attached my updated drawdown file with the 4 cycles of this week.
Attached File(s)
File Type: xlsx Drawdown.xlsx   11 KB | 358 downloads
  • #3,482
  • Apr 22, 2016 4:20am Apr 22, 2016 4:20am
hello Alberto.
Please can you share your set file and the version of ea?
thank you very much

regards Luca
  • #3,483
  • Apr 22, 2016 5:01am Apr 22, 2016 5:01am
I got a 4 month update on the Limit EA, running exclusively on EURUSD. Bear in mind that it has my discretionary intervention, of stopping it during events that I think have potential to damage the logic of the ea.

This account has been running since last year, and it had minimal DD. It has been also through all 3 market types - ranging, bull and bear. There has been no negative effect of market direction on the performance of the EA, as some of you were suggesting.

The most important thing is that the person running the EA, must be a literate financial person, with basic understanding of market conditions and drivers. I also recommend running a low risk profile - $1 pip value for every $10,000 balance. If you think this is a set and forget EA, you will be a victim of it. And you will deserve it.

By all signs this type of approach will probably double any account within 1 year.

The EU has moved about 800 pips in the period that the EA has been running, and it did that in all 3 market conditions. So for me, this is a test of resilience. You will not replicate these results, as they are also a mirror of my own discretion (taking small losses when cycles are open before LO/FO, etc.)

A great weekend all.


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Best regards, Zef
  • #3,484
  • Apr 23, 2016 12:27pm Apr 23, 2016 12:27pm
Quoting radityo.ardi
{quote} I got it implemented on v2.0 beta before. But I haven't re-applied it as I'm actually planning to put on v2.0. And v2.0 seems too far for releasing, so I'll include in v1.12 probably, or on v1.11 that is released today. The mechanism is not using comma separated, too messy. I did to read the vertical line, and this vertical line has to be in pair. Allow me to implement this in a short period (the code is there already).
Rad man!

I do not see this request in 1.11
I take it that you have pushed this request to another version. This feature would come in VERY handy in terms of further automating the entire process.

By the way, I can run 99.9% modelling quality backtests. So if you have anything which requires quality backtesting, please do holla! Can help you out!

Zz
  • #3,485
  • Apr 23, 2016 12:32pm Apr 23, 2016 12:32pm
Quoting ZeF
I got a 4 month update on the Limit EA, running exclusively on EURUSD. Bear in mind that it has my discretionary intervention, of stopping it during events that I think have potential to damage the logic of the ea. This account has been running since last year, and it had minimal DD. It has been also through all 3 market types - ranging, bull and bear. There has been no negative effect of market direction on the performance of the EA, as some of you were suggesting. The most important thing is that the person running the EA, must be a literate financial...
Key points :-
(1) DISCRETIONARY intervention
(2) LOW RISK profile
(3) PATIENCE in growing your finances

What Zef says carries weight. We all look for high growth percentages in contrast to stable and consistent means of growing your account.
High growth = High Risk.

Radityo - Would you also consider including another variable to hold the time at which the cycle is to be force closed irrespective of profit/loss?

Zz
  • #3,486
  • Apr 24, 2016 2:41pm Apr 24, 2016 2:41pm
Quoting traderhobby
hello Alberto. Please can you share your set file and the version of ea? thank you very much regards Luca
Here you go
Attached File(s)
File Type: txt Low_Risk_Alberto.txt   1 KB | 424 downloads
  • #3,487
  • Apr 24, 2016 3:24pm Apr 24, 2016 3:24pm
thank you Albert
  • #3,488
  • Apr 25, 2016 11:41am Apr 25, 2016 11:41am
Pay attention this week to FOMC and BOJ on Wednesday.

Not only it's important to check the EURUSD Red News, but also the news regarding JPY, because we are trading the asian session.
  • #3,489
  • Apr 25, 2016 10:37pm Apr 25, 2016 10:37pm
Quoting Alberto_Jazz
Pay attention this week to FOMC and BOJ on Wednesday. Not only it's important to check the EURUSD Red News, but also the news regarding JPY, because we are trading the asian session.
Thank you
  • #3,490
  • Apr 27, 2016 10:41pm Apr 27, 2016 10:41pm
Hi All,
I've been running a slightly different strategy in this month, resulting in a quite good return and low drawdown. I'm not really sure how it is in a long run, but I think hishamzz idea seems to be considerably good. As previously mentioned, the idea was to separate the risk into multiple risks. How to do that?

Initial Idea
I came up with an idea to calculate the risk by calling it Density. You can read it here: http://rdzgridtraps.codeplex.com/wik...=Documentation
This "Density" thing I consider as the risk. It's straight-forward simple formula, the higher the number, the higher the risk. I calculated the previous single set file (the DonationBox set) and it came up with a number of 0.0005 (in the range of Medium Risk).

Back-testing
After came up with the number, I tried to play around with this density number and separate the risk to different pair. I was just thought of one thing, actually when I was first built this LIMIT strategy, if you set lotsize-target to the lowest possible value, and gridstep higher, you'll always be profit (of course when doing backtest). Drawdown will be low, but profit is also low (probably 10% to 50% in a year or two). But, who can handle the low profit unless you are already a millionaire who "accepts" low return in a long period of time.

Now, I want to separate risk to 3 different pairs, 3:2:2 which means 0.0003 for EURUSD, 0.0002 each for the other 2 pairs. I came up with a lower-risk setfile, and have it tested on backtest (with the help of histdata.com for the historical data). I found out EURGBP and EURJPY stand still for a year in 2015 without any disruption. Drawdown was med-high level (about 40% to 70%), I didn't observe the "mountain" (a surge in the number of executed orders - this is where high drawdown occurs).

So, now I'm having new setfile, which also have some "twist" behind it. I've selected Dynamic Gradual for its lot size. We'll see how it goes.

Real Test
So it began, 12th April with EURGBP, and 5th April with EURJPY, and also came up with a new setfile. During these times until last week, the profit was observed low than usual. I couldn't even manage to reach 7% in the middle of the month, while DonationBox usually reaches 15% profit every month (except for that last doomsday, hahaha).

I still feel that there's another pair that I could use up. This week, I've started to use another pair (of course back-test it first to see if it stand for a year in 2015). I came up with GBPUSD (hishamzz or anyone else did a test to this and it was same good as EURUSD) and now NZDUSD (this only with another "twist", 1 cycle per day only). The old 3:2:2 ratio still applies though. I've added GBPUSD, so the risk during 17:00 to 22:00 is now 3:2:2:3 I suppose. While NZDUSD is running on a totally different timerange out of these 4 pairs.

With this additional pair, for 2 days consecutively, I've passed "1% daily" mark which is at 3% daily now. Surprisingly, drawdown is still at a low number, which is 1.35% (based on myfxbook calculation).

What if the stuck scenario happened again?
Well, here's the twist. The reason why separating risk is considerably okay, is because of this reason.
If it happened 1 pair stuck, I got 2 options for you.

  1. Go with the wind
    If you aren't facing any major red news (NFP or interest rate announcement), you still can carefully go with it until it is totally closed. BUT, you have to STOP NEXT CYCLE for the other pairs, to give this running pair a space for it to close. Eventually it will retract (remember that retracement still applies to all pairs, that is why common Fibonacci retracement method is still being used by other traders).
  2. cut the loss (whether profit or not)
    Cut the loss of course, if you are unsure what is the next outcome if you let it go. Or if you are facing any red news like NFP or interest rate announcement, please do stop. NOTE: cut loss is a standard procedure that is also happen to even a professional traders!

What is it good about this?
Well, not only that you are having spaces when drawdown happens, but also if there's red news impacting one pair, you still can get profit from another pairs!
Last night (my time), was official interest rate for USD (red alert). What I did was, to turn off NZDUSD, GBPUSD, and EURUSD. While the other 2 (EURGBP and EURJPY) are still running. It turns out that I still receive 1% profit from it.

Can you share the set file?
I will share the set file on codeplex.com.

Hope this idea helps, and we'll see in the long run.

If you ask me to code/fix your EA... it's probably not for free...
  • #3,491
  • Apr 27, 2016 11:02pm Apr 27, 2016 11:02pm
And for additional twist,
actually we can put another set file during official rate announcement, be it from USD, JPY (like this morning), or any other pairs.
This set file has to be standard STOP strategy, the twist is you set as 1 cycle per day only, and timerange starts from a minute before the announcement, and stops 15 or 30 minutes later. Don't forget to set "Force close all when is in profit" mode for Stop Action. Worth to try.

Buuut... I haven't got any time to test this.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,492
  • Apr 27, 2016 11:45pm Apr 27, 2016 11:45pm
Quoting radityo.ardi
And for additional twist, actually we can put another set file during official rate announcement, be it from USD, JPY (like this morning), or any other pairs. This set file has to be standard STOP strategy, the twist is you set as 1 cycle per day only, and timerange starts from a minute before the announcement, and stops 15 or 30 minutes later. Don't forget to set "Force close all when is in profit" mode for Stop Action. Worth to try. Buuut... I haven't got any time to test this.

Hello boss ... I had the following idea and I'm doing some tests !!
Is it possible additional somehow this indicator when the price touches the reversal line EA is triggered?


I'm turning EA reversal in these areas this indicator'm getting an incredible success in m5 in all pairs !!! ..... GTLIMITEURUSD2.set

......................
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 FPS PriceReversalBand.ex4   9 KB | 393 downloads
  • #3,493
  • Apr 27, 2016 11:56pm Apr 27, 2016 11:56pm
Quoting Romax
{quote} Hello boss ... I had the following idea and I'm doing some tests !! Is it possible additional somehow this indicator when the price touches the reversal line EA is triggered? I'm turning EA reversal in these areas this indicator'm getting an incredible success in m5 in all pairs !!! ..... GTLIMITEURUSD2.set ...................... {image} {file}
Was that the same like Bollinger band?
Sorry bro, I can't connect my EA to any indicator or any EA. The reason is simple, there should be some "connection" between this EA and outsiders. And the way it communicates either through TCP/IP or global variable, which need some modification from both sides.
From my side, no need to change anything. But your mission will be completed if you can modify your price reversal band indicator, to set value of the Global Variable GT8888 (GT is the keyword, and 8888 is the magic number you set to GTLIMITEURUSD2) to 0 or 1, vice versa.
If you ask me to code/fix your EA... it's probably not for free...
  • #3,494
  • Apr 28, 2016 12:00am Apr 28, 2016 12:00am
Quoting radityo.ardi
{quote} Was that the same like Bollinger band? Sorry bro, I can't connect my EA to any indicator or any EA. The reason is simple, there should be some "connection" between this EA and outsiders. And the way it communicates either through TCP/IP or global variable, which need some modification from both sides. From my side, no need to change anything. But your mission will be completed if you can modify your price reversal band indicator, to set value of the Global Variable GT8888 (GT is the keyword, and 8888 is the magic number you set to GTLIMITEURUSD2)...


ok .. thanks .. you're the boss. !

no bollinger band......
  • #3,495
  • Apr 28, 2016 12:48am Apr 28, 2016 12:48am
Quoting radityo.ardi
Hi All, I've been running a slightly different strategy in this month, resulting in a quite good return and low drawdown. I'm not really sure how it is in a long run, but I think hishamzz idea seems to be considerably good. As previously mentioned, the idea was to separate the risk into multiple risks. How to do that? Initial Idea I came up with an idea to calculate the risk by calling it Density. You can read it here: http://rdzgridtraps.codeplex.com/wik...=Documentation This "Density" thing I consider...
Hi Radityo!
Thanks for your hard work.
  • #3,496
  • Apr 28, 2016 9:02am Apr 28, 2016 9:02am
Quoting radityo.ardi
{quote} was that the same like bollinger band? Sorry bro, i can't connect my ea to any indicator or any ea. The reason is simple, there should be some "connection" between this ea and outsiders. And the way it communicates either through tcp/ip or global variable, which need some modification from both sides. From my side, no need to change anything. But your mission will be completed if you can modify your price reversal band indicator, to set value of the global variable gt8888 (gt is the keyword, and 8888 is the magic number you set to gtlimiteurusd2)...
so the profit from other pairs will solve the stuck?
  • #3,497
  • Apr 29, 2016 7:50am Apr 29, 2016 7:50am
Another week
Attached File(s)
File Type: xlsx Drawdown.xlsx   11 KB | 365 downloads
  • #3,498
  • Apr 29, 2016 8:09am Apr 29, 2016 8:09am
Quoting radityo.ardi
Hi All, I've been running a slightly different strategy in this month, resulting in a quite good return and low drawdown. I'm not really sure how it is in a long run, but I think hishamzz idea seems to be considerably good. As previously mentioned, the idea was to separate the risk into multiple risks. How to do that? Initial Idea I came up with an idea to calculate the risk by calling it Density. You can read it here: http://rdzgridtraps.codeplex.com/wik...=Documentation This "Density" thing I consider...
Awesome man!
I cannot seem to, however, find all your set files in a single location on codeplex. Would it be possible to have all the 'live' set files in a seperate folder by itself?

My idealogy and goal is more along your lines with one difference. All the set files I would want to use SHOULD have a pre-determined stop loss to prevent the account from being blown. Believe me this IS possible. With extensive backtesting in EU, i have come close to a very stable set file which obviously would NOT result in over the board growth but stable growth of around 15-20% which i feel is good enough! A thorough backtest with this for 2015, quite surprisingly, resulted in overall profit inspite of the stop loss being hit a couple of times (preventable!). Will share more details soon.

I believe the same approach could be applied to other pairs too so that collectively we should be able to reap in more pips with less risk.

Zz
  • #3,499
  • May 3, 2016 8:38pm May 3, 2016 8:38pm
Quoting radityo.ardi
Hi All, I've been running a slightly different strategy in this month, resulting in a quite good return and low drawdown. I'm not really sure how it is in a long run, but I think hishamzz idea seems to be considerably good. As previously mentioned, the idea was to separate the risk into multiple risks. How to do that? Initial Idea I came up with an idea to calculate the risk by calling it Density. You can read it here: http://rdzgridtraps.codeplex.com/wik...=Documentation This "Density" thing I consider...
Nice try, but...
I have to say something you dont want to hear again...

Pls. take a look at
http://www.forexfactory.com/showthread.php?p=8803220

Blowed up once in last month.

The correlation trading wont help you to divide risks.

If you stuck in one pair, trading another pair wont help you to recover the loss.

want to try my strategy?

Just one day....in a trending market
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No one wants to be defeated~
  • #3,500
  • May 3, 2016 11:05pm May 3, 2016 11:05pm
Quoting jonirrenicus
{quote} Nice try, but... I have to say something you dont want to hear again... Pls. take a look at http://www.forexfactory.com/showthread.php?p=8803220 Blowed up once in last month. The correlation trading wont help you to divide risks. If you stuck in one pair, trading another pair wont help you to recover the loss. want to try my strategy? Just one day....in a trending market {image}
Hi jon,
Why not you open new thread, and we continue from there?
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