Expanding Grid

Dear Bauta,
I have been following the progression of this thread and its TE, you have a fantastic EA here.
A question for you:
If your settings for the system are set to be flat on the weekend and also to be flat before major news, why are you still carrying large open positions? Did the system not turn off before the news... I am asking these questions for clarity and not to criticise you or your EA.

Thanks Bauta for advised.
Set on the demo account following your instruction =Order multiplier=2 ,Gridsizepip to=2 (not sure it's working or not?) ,Dynamic grid increase to 30.Let's see how is EA work this week.

Great thread - spent 5hours yesterday reading it! I'm a big fan of grids myself and having done a lot of MQL4 coding in the past (will send some of my grid work to bauta via email) i have a few comments/questions:

1. Fantastic results! Ultimately the most important thing..
2. Great thinking and programming went into addressing issues with red-news, super! (albeit that as per question above from doubledutch, indeed yesterday's US wages news should have been caught right? Or did closure mode not have engulfed time to close?)
3. Another thought could be: if price moves against you, indeed accumulate positions, but close last acquired position on a bounce. Acquire it again if price continues to move against you. At least you make some money on intermediate bounces when market moves against you and it might be enough to Close out the entire grid for a profit (or BE) when a move starts flagging (bear or bull flag) for some time. This is what we saw yesterday with EURUSD and buying/selling that last whopping BIG portion a couple of times might have resulted into grid going flat after 3/4 iterations. This is also the basis for my programming.
4. Increasing the to-be-accumulated position with a factor of 2 is very aggressive, but as i understand that is adjustable - it got very wild yesterday. Even if you put at a factor of 1, to continue to accumulate positions until the account blows up is not something i'd be entirely comfortable with. I'd be thinking of a max amount of positions and then just wait for the market to turn back or (worst case) close manually for a loss.

Questions:

1. I like the 30sec wait before accumulating further - but if 30s have passed, will you accumulated the next portion in line or, looking at the grid lines, take double or triple positions if the price is at that certain point in the grid?
2. I also like the daily profit as a global indicator - i've been toying with that idea but haven't been able to make that work for all EAs, I had it per chart - this is much better!. That said: using F3, do you have to insert/delete the entire variable every time if you want to switch on/off? can you not just leave the variable and simply switch it from 0 to 1?
3. Being an index guy myself, does this work on DAX, DJI etc? Index bounce back much more vividly compared to Forex. Just compare DAX with EURUSD related to yesterday's news...
4. You talk about setting EA variables from "true" to "false" while running, but how is that possible? once variables are set with EA, updating the variables will cause the EA to DeInit() and Init(). Sure that is not what you want.
5. i'm not entirely sure how the hedging works, if some additional explanation on that is available, please point me there.. It sounds interesting as it might have work well with yesterday's big move (or would it??)

That's it, currently using your signals but if i continue to like will buy your EA, no problem paying for it: i know the time and effort that goes into programming, although extremely enjoyable, it is a LOT of time.
Great work!
Route206

Read this post
bauta

pls ignore

Thanks for your post, I will try to respond the most.
pausing, neutralizing, etc is a good idea, the best I will said. The question here is: What to do after? How to manage it?
I did reactivate the manual system Ichimoku a240, the idea behind it is to setup a set of rules on EG104 to switch gears to a240.
what do I mean? Example, Trade EG104 till let's said till level 10, then neutralize it (set buys=sells), pause trading and then follow a240 to close the positions manually. Note this is a work in progress that have to be mastered.
note in this situation how 60 seconds (my setup) was not enough to control multiple orders on an straight direction move. We need to address this situation different, timing it is not the solution. I am thinking in some king of 1M inside bar or 1M new low in between orders, then accumulate after the high breaks. I will test it (see 1, 2 and 3 on the image)

the EA remember conditions when it reinit, I usually do that no only to change parameters after the cycle initialized, I do that to guaranty the EA will have the correct values in case connection lost or computer problems.
you can add the EA, remove it, change parameters, change workspaces, etc. when the EA find out opened orders it recalculates and reinitialize the variables to the last running stage.

hedging does not equal both buy and sells, that makes the EA fail. what hedging does is keep trading both sides and at grid levels-lines closing wining side.
I am been studying an idea I may implement. A third emergency position. Now we enter long and short, in yesterday scenario, long closes at each level reopening new one, shorts average down breakeven point and accumulates. a third emergency will be a completely separated module inside the EA when it automatically identify danger and open one or two orders, depending of levels, at bigger quantities. something like buying half of all short positions and keep it open till a buy order accumulate above it or till the trader closes it.

i will need some time to implement these ideas, I will be revising them and testing one by one. Let's may this EA do money for us.


and finally, for future reference
this is yesterday scenario: (still open on weekend)



thanks and good luck trading, bauta

Given that you use OrderSymbol and MagicNumber to identify there are a lot of opportunities, particularly in the MT4 Crash and Recovery area!. You can indeed also start a new RecoveryEA on the symbol, use same MagicNumber. Smart! (I used Ticketnumbers as I do OrderCloseBy() which required me to keep track of Ticket#) In your setup you can also simply go manual, by having a script that opens positions with same MagicNumber (thats why it needs to be a script) and let the EG expert factor that in for its calculations on when to exit. That is what I would like to try as a start.

Example using yesterday's event and assume a MaxPortion variable and set it at 7:
After news break we have 7 portions and we'll wait for the rally to subside on a daily graph. So in this case I would wait what Monday would bring and then probably on first Doji on Daily go in big with a large Short and have the EG expert now also use that new position to try and break even.

​Would that work?

No it is not THE solution, but I helps. what is the solution is to keep trading while keeping positions (and margin requirements) limited. But keep trading to find your way out. Maybe consider doing open/close/open/close for the larger portions as per my post above. Certainly if the portions are large (and they are!!) it does bring a lot of money on every iteration.
Just a thought.​

Then again: if Monday opens with a 20-30% retrace, we're all good again ;-)
regards,
Route206

Thanks Bauta,
Your job is excellent

... and if the script place pending orders after (x) market orders; what you thing about this ideia?

Going back here to the last Friday scenario (see image below)
Version 031 released

When EG104 is on symmetry, it accumulates multiplied position when market moves against one side, in this sample, it moved against the short side.
The parameter SecoundsBetweenSameOrder=30 was created with the idea of preventing many orders when the market moves straight up.
Last Friday move was a good sample, it showed us that time value is not the solution for that type of move, so I will remove the parameter to not create false criteria and confusion.
How I will control the straight move? In this sample, Up move.
I am going to use price action, the price will give to us a better signal.
OK, let explain what I am looking for. when symmetry, we need to find a sign that the market will pause and possible pullback before placing more orders when market is still going up (referring to last Friday sample). If market is going up and up and up in straight line why sell more if there are not sign it will go down. Selling more by a multiplier will add more trouble to our cycle. It is better to wait for a sign that it will pause and pullback, if not, then we will wait for another sign and so on.
How I am going to do that?
I will let the EG104 to symmetry the first 3 levels as normal, it targets more of the time on the first 3 levels. reason I will let the first 3 accumulate as normal. Also, if I am scalping, it is best to not disturb the first 3 levels.
Now, after the 3 symmetry levels I will use 1M data to find a pause in price, In Friday sample, I will wait for at least two lower 1M highs after the top grid line is crossed to multiply the short side (reverse for longs), 1M fractal may be the easier one to implement due to fractal is build inside MT4 default indicators.
I will do something like this:
if levels are less than or equal to 3, accumulate at grid line crosses.
else if price is above grid line and last top 1M fractal is above grid line, accumulate short.
1M fractal needs at least 3 minutes to form, it means that orders above 3rd level grid line will takes at least 3 minutes to execute after the line is crossed.
I may create a parameter to disable this price pausing identification, but for now I will keep it us a build in condition. as more parameters you add, more confusion.

Please re-download EA on post one.
it should read v031
thanks, bauta

Ok , I will test it.
Thanks for your great work

Done for today 5% target reached.

"If market is going up and up and up in straight line why sell more if there are not sign it will go down." Great idea Bauta! That's a wonderful protection!
I have downloaded it. Many thanks!

Please re-download on post one
pause identification revised.
thanks, bauta

I have no Closure by News (AUD/USD)

It is always best is to avoid getting caught in red-news. While starting the closing-mode three hours in advance of news is a great idea, have you considered doing a forced-close 15min before the actual news. So forced close positions when three hours of trying didn't work?
Better a small realized loss then a huge unrealized one for a long time..

Great thread and great EA, so thanks to everybody. I love mechanical/mathematical trading systems and have my own automated sports arbitrage system, but that's another story.

I have been demoing EG version103 for a few weeks very successfully and I wondered if it's best for me to change to 104.

Bauta, I notice that you're not running 103 anymore, so do I assume you feel 104 is superior ?

Thanks for all your hard work with this. It's much appreciated.

v103 is well too old and we did improve the EA too much on version 104. I do always recommend the latest. Now we are in 104 v31a
you may find some free versions of 103 here. if you trade it because the cost, you may end paying more for it.
good luck trading!
bauta

Ok, thanks. I've changed to 104 latest version so I'll see how it goes...

DayTarget EA update, please re-download on post one.
Change it to wait 5 minutes before starting a new day.
bauta