Expanding Grid

Hi Mr Bauta , I have downloaded I-Min Lot again and I can't see available lot line ? Many thanks.

How are you doing in GBP red news?!
All your closures worked?! or still have opened trades on GBP charts?

I do not have GBP news setup. What red news are you referring to? Is it a high impact news?

GBPJPY affected very much but as I have high capital Nano, still survived!

My pure default symmetric has not hit target since Monday open, been struggling this week.


But I have two setups which hit target yesterday and early morning today, one with Symmetry style and Channel style with Floating (Small account only 3 charts) and one with a mix of Symmetry, and Multi quite risky what it does, but for now it has been working and draw downs have been fine. Will see how it goes because it always seems to hit target quite quick. Interesting to watch.

This is Multi, on a small account. Quite risky because of margin limitations.. target hit early this morning


This is the mix of Multi and symmetry. target his with-in two hours of opening.


I will add Inflation to my news filter, I think it is going to be a buzz word in the news for some time to come world wide.

Hi Traders,
please note EG104 need news to make money, we should not filter all the news. All my setups are working property, no need to add it to the high impact list.
I do recommend you to lower the startLotQty or lower GridFactor instead.
I AM NOT ADDING IT TO THE LIST.
The next scheduled closure mode by news release is CAD BOC Rate statement.
thanks for your post,
Leonel

Bauta, need your suggestion,
Currently GBPJPY is rising and against symmetry! (although it is in Closure mode)
we assume it continues rising! how can I overcome the situation,
By opening another chart using same magic number and put mchannel with same lot and take profit, then continue to false?!
Thanks for help

if you are using symmetry defaults you should be at level 6 or 7 at this moment. For pairs trending up like GBPJPY you may be in 12 to 15 levels easily. be sure you have enough money to support it. (see H4 chart below)
I do recommend you to not trade GBPJPY, for some reason it is called the beast. If money is not an issue, then trading it is OK.
looking at the image below, it should pullback to the arrow area but it may take hours to days, let it play.
Opening a new setup with the same magic number will blow up, it will interfere and may create undesirable results. if you want to create a new setup, use different magic number.
in case that money is an issue, set your terminal in Closure Mode and do not trade anything else till your account breathe a bit. To set the terminal in closure mode, hit F3 an create a variable named closure and set its value to 1. to resume trading delete it.
symmetry strategy has been created with the believe that the market does not move in straight line, it should pullback and then continue. symmetry makes money on the pullback. if you believe that the market will pullback, then leave your setup alone, it will close for you at break even. (note you already made money in this cycle, when you breakeven you end up with profit. got it?)
walk around and relax, EG104 will do it for you, if you are looking at the account too frequently you will get hit by emotions.
post your results and good luck!
bauta

There was a write-up some time back regarding Magic numbers and being able to switch from symmetry to mChannel by switching the magic numbers. I haven't tried this yet, but I'd be interested to know what lot size is used if such a switch was initiated. For example, if the symmetry was at 5 levels with a current lotsize of 16 (sequence 1,2,4,8,16), what lotsize is used for the next order should the switch be made from symmetry to mChannel?

to switch or swap from EG104 symmetry magic 301 to channel styles, first set s_MagicNumber=0 and then c_MagicNumber=301
quantity?
quantity will be total opened quantity per multiplier, if multiplier is 3 in this case the opposite order will be 31*3=31.

going to some basis, before switching styles ask this questions?
scenario: market moves up and I do sell because I do believe it will go down, but it does not. I do still believe it will go down and I do sell more, markets continue up. you know what, this market must go down and I do sell more. come on, market continues up but I still believe it will go down, I will wait for a bigger move up (expand) and I will sell more. market continues going up.
what the x?, this is not working, my emotions start kicking in, I may be wrong, but what about if not. well, indecision. how much money I do have?, how big the drawdown?, panic, well?, what? why?.
the questions are? (fills the blanks).

1. if the market moves up too much without retracements the odds are the market will move _____________
2. if the market move sideway too much ods are the market will ________________
3. if the market moves too much down without retracements odds are the market will move _____________

after the market moves too much against symmetry, changing to channel may be the worst decision ever.

I do recommend switching styles in a planned way, before news for example, do not switch styles to get out of trouble. changing styles does not take you out of trouble, it worsen it.
please post,
thanks, bauta

Dear friends, I am struggling with GJ, GU and UJ too. They will not go down unless a further up. Fortunately I still have balance. Wait for bigger floating loss.

Thanks for the explanation Bauta.
​I never intended to use the switch mechanism for recovery, and with more insight would never consider it an option.
However I can see where it might prove useful.
Hope the people struggling have the dynamic grid active.

Targeted below




Symmetry still going.

on the symmetry still going, you should be getting not enough money message. it is been overloaded.
try this:
accountBalance/3/ContractSize = StartLotQty
10,000/3/100,000 = 0.03
you should be trading 3 charts, or less, with startlotqty=0.01

for channel I do recommend near double of capital or Balance/5/ContractSize=0.02 (2 charts at 0.01)

Note these figures are for extremes, lowering the StartLotQty is less risky.

bauta

Very interesting thread on grid trading - have experimented myself in the past but the fine detail in here is amazing. Good work!

Talking Dynamic_Grid

Dynamic grid is the expansion feature of EG104 (expanding grid).
how it works?
* for EG104 channel styles, it start at level one (1), for EG104 symmetry it starts at level fourth (4)
* the increment or expansion is performed on the biggest quantity side only, example: if total buys is 25.50 lots and total sells is 0.30 lots then the expansion occur on move against the buys only.
* the expansion is calculated by Dynamic_Percent_Increase=15 parameter, it calculates as follow:
lets assume in symmetry the 20 daily range average is 100 and GridSizeFactor=6, grid size/distance is 100/6=17 pips.
Market is moving up.
level 0: buy and sell to start the cycle
level 1 up: close buy and then buy and average sell at 17 pips from level 0.
level 2 up: close buy, buy again and average sell at 17 pips from level 1
level 3 up: close buy, buy again and average sell at 17 pips from level 2
level 4 up: close buy, buy again and average sell at 17 pips from level 3
level 5 up: close buy, buy again and average sell at 30 pips from level 4
---- 17*1.15=19.55*1.5=22.48*1.5=25.85*1.15=29.73 = 30 pips)
level 6 up: close buy, buy again and average sell at 34 pips from level 5
now market start moving down and it moves 17 pips, still on level 6 moving down inside the 6 grid levels,
level 6 down 17 pips: do not closes any position and average buy. It happens at 17 pips because expansion is on the biggest side only.
level 6 down 17 more pips: It closes all sells for breakeven, open new sell and average buys
now we are at level 2 (17 + 17) and long instead short. This is how the grid reverses.
level 3 down: closes sell, sell again and average buy at 17 pips from level 2
etc, ect, etc
did you get it? this is a pullback play, we get trap on a short position, we average it down to rise breakeven when the market moves up, then at the pullback/retracement we breakeven the losing position and then we are buying at lower prices. (Sell above price, buy below price)

static channel sample:
level 0: EG104 guess direction and buy to start the cycle.
level 0: market moves down 17 pips, sell total buys + multiplier
level 0: market moves up 20 pips from level 0, it buys total sell + multiplier.
--- 17*1.15=19.55 = 20 pips
level 0: market moves down 22 pips from level 0, sell total buys + multiplier
--- 17*1.15=19.55*1.15=22.48 = 22 pips
etc, etc, etc

dynamic grid help channels when market moves from top to bottom of the channel repeatedly, the expansion take you out of multiple orders and wait outside the range for the breakout.
on symmetry, dynamic help to avoid averaging down too many positions, as more the market moves at the same direction, biggest is the distance between grid lines and bigger will be the pullback or retracement to breakeven the cycle.

got it?
good luck trading!
bauta

how is your GBPJPY going?
are you out yet?

I've opened other chart (GBP/JPY), put EG with Mchannel and Same Magic number to the one opened with symmetry!
It's calculated the loss and start open trades with relative lot size toward the trend and covered all negative open trades.

Going forward test ...

in this case, GBPJPY moved up a little more and you where able to get out of the position.
note I do not recommend swapping styles to get out of trouble, if GBPJPY retrace you will get into a bigger trouble.
demo it as more as possible before doing it live.

for the ones still in the symmetry, you should be out by now or just about to breakeven. see image


bauta