Expanding Grid

Yes , it is working .

Dear Bauta , do I have something to do ?
It will work at 03:00 GMT ( 3 hours later from your broker ) ( Your platform is running Since half hour)

Thank you...

You can to join forex championship...

DayTarget v06 released. (EG104_DayTarget)
What's new?
PipsOffset=1 parameter added. This parameter will offset the cost of the trade by pips (not points) in the deposit currency.
example: EURUSD, short 0.02 lots and long 0.08 lots, pip value is $10.
offset cost will be (0.02+0.08)*10=$1.00
this offset is used for slippage control, default is 1, you may adjust it but I do recommend defaults.

Fixed: Trading days target calculations now ignore weekends. Example, if last target was Thursday, on Monday it should calculate target for 2 days (Friday and Monday) instead of fourth days (Friday, Saturday, Sunday, Monday).
note that if you do not open any trade on Friday, this day will be ignored.

Please re-download on post one,
thanks,
bauta

Many thanks dear Bauta and congratulations to your good job!

dear Akkus
I'm sitting in it ... and I change Grid_factor manually. It is automatically set to the fifth level of open trade and only then take effect Dynamic_Grid I'm doing manually since the third level ...
In addition, working with three graphs and therefore I have time to react to the course of the market ...
Have a nice day and upcoming weekend you and all that ...

Hi Bauta,

Thank you for being generous in sharing your EA.

Can you please code an EA for reverse martingale as well? I trade only GBPJPY and while selling I average down by selling equal positions. My platform follows FIFO and hedging is out of the question. But I can hedge reverse trades through fx futures on CME but their margin is 10% while spot fx margin is 5%.

I have made good money by averaging losing positions but my drawdown sometimes touches 28% of my equity. I have put 30% as my stoploss for drawdown.

GBPJPY is a volatile pair. I calculate the high-low of a month (around 1200 pips) and put equivalent money in margin account in addition to initial margin of 5%. I have never used stoploss. Instead of stop-loss I keep opening new positions of equal fixed size to average the positions and bring down breakeven point.

I don't calculate risk and reward because I try to take profit from 50 pips to 100 pips for every trade when I am awake. I don't cut positions even during news events or when I go to bed. And if I face adverse positions, then I wait for every 200 pips and trade . Luckily, so far maximum trades I have done is 5 positions (totalling 1000 pips) and have exited with profit all the time. I keep taking profit for subsequent trades and the big drawdown happens only when the moves are consecutive and one-sided for a week or so.

It is a bit scary even though I use this strategy only when I have accumulated profits by scalping and keep maximum drawdown stoploss. Yet I don't want to lose profits made.

I want to switch to reverse martingale to try 7 positions with 100 pips stoploss (instead of 1200 pips for maximum drawdown) and hope for a better risk/reward benefit.

I use trend-following strategy and trade only in GBPJPY. I trade on pullback and retracements and average when reversal happens against my position. I will trade manually and use EA/Indicator as a guide to trade. If you think your existing EA grid can also control my risk, please do advise on parameters to change, to bring down Breakeven point.

If not, can you please programme this strategy (if you feel it is worthwhile to do so) in your EA or indicator with this logic?

Enter first lot when the price is at a distance of 100 pips (selectable) from open (close) bar of last price with a stoploss (selectable pips).

and then

Trade #1: Sell 1 Lots of GBPJPY @ 157.80 SL: 158.80 TP: 155.80 total Risk: 100 pips Potential Profit: 200 pips

Trade #2: Sell 2 Lots of GBPJPY @ 155.80 SL: 156.80 TP: 153.80 total Risk: 200 pips Potential Profit: 400 pips

Trade #3: Sell 4 Lots of GBPJPY @ 153. 80 SL: 154.80 TP: 151.80 Risk: 400 pips Potential Profit: 1600 pips

Risk will be 100 pips if trade 1 fails.
Risk will be NIL if trade 2 fails.
Risk will be NIL if trade fails but I can take profit anytime without really waiting for the SL to be hit or I can lower the stop loss to 50 pips.

Hope you find some value in my strategy.

Thank you.

Hi
Anyone have EA that making loss only in EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCAD, USDCHF, AUDUSD or all pair. EA will make constant loss mean if i will open 5000$ then it will blow in 1 day or fast mean only loss in trade.

i have strategy if work then share here for all.
Thankx in advance.

what you mean?

Thank you for posting and sharing your ideas,
Note EG104 is FINAL (for more info read this post)

I am planning to reactivate the Ichimoku a240 system, it may be suitable for your ideas.
Stay tuned, bauta

Green for the week:

Note that EG104_25K is in recovery mode. I will keep trading for 1% per day on it to see if it recovers.

have a nice weekend to you all,
bauta

Mean i have strategy that if EA making loss then my strategy work. I will explain later first test it me if you have then attach here

Thank you.
I will be looking forward to your new system.

Dear Bauta,
Appreciate to have your suggestion about trade setup based on following information:
Base Capital: 400K
Type: NANO

re-download i-MinLot on post one, drop it on EURUSD and post a screen shot here again, I will explain.
thanks, bauta

Here you are sir!

The Meaning of i-MinLot AvailableLots:

Shamim,
I did highlighted for you three items, LotSize: 1,000 (contract size). This is micro lot (cent account)
Leverage: 1:500 this is good. 1:500 or more is recommended.

AvailableLots: 137.60
this is the quantity of StartLotQty you should trade in total. Note this is startLotQty, not total lot quantity of opened orders.
if you want to trade 12 charts, then 137/12=11. You may set StartLotQty to 11 or less for your 12 charts, if you want to trade three charts only then 137/3=45, you should set your StartLotQty to 45 or less.
after your account grows, you drop I-MinLot to EURUSD again and be sure you have the available lots positive, if so, you can add more lots to StartLotQty or add more charts.
Because this is a cent account and your capital is high, I do recommend you to go with standard contract size account (100K) and preferably a five digits broker. Note this one is fourth digits. Look at Point: 0.0001

Important: this StartLotQty calculation is for extremes, if you want to be safe, reduce StartLotQty by two or three times. instead of 11 do 3 to 5, instead of 45 do 15 or 20. With 400K you do not need to risk that much.

for EG104 settings, I still recommending the defaults and targeting from 0.5% to 1% daily. Don't go for more, this EA does not do more.
I do continue testing and finding strategies to control drawdowns, if I do find something that works, I will rise the target to a higher percentage, but for now, 1% is the one. (4K per day)

thanks,
bauta

Really appreciate your explanation, thanks a lot!
Just need to clear one thing:
Do you mean by StartLotQty 11 like below picture?!

picture settings are Correct.
11 mini lot is equal to 0.11 full lot.
Remember, lowering the number of StartLotQty is less riskier.
bauta