Expanding Grid

Hi,

I just started with Cent Fix spread 4 digit account, spread starting from 2 for EU and 3 for other majors but unbelievable high for EurCHF 9 and EURGBP 6. little bit soon to judge but generally i am not satisfied with fix and 4 digit types. let know you more with few days.

BTW, very complicated for deposit and withdraw and can't withdraw in 1st 30 days.

Doesn't OrderMultiplier only work on Symmetry style and not Channel style?

sorry, dont know exactly...was just an idea to reduce lotsize as you wanted instead of multiplying by factor 2 on Symmetry with a lower factor like 1.5...or simply increments by 0.01 on every level, but I think Bauta may give expert advice...

for channel style it is c_ChannelMultiplier=3

Please give me an info.
Why is the Daily Target time line is red?

Red means your history selection is less than the days you are targeting.
go to history and be sure you select history start time equal or less than 6/29 (last date)
bauta

Thank You

I think i found the answer: It is margin related. running multiple strategies together with insufficient funds, does obviously not yield the same result as running them with sufficient funds. Should have thought of that.

How do it live?, controlling emotions while in drawdown.

Note that EG104 does not provide real results on back testing. use it only to understand functionality and to optimize parameters. EG104 needs tick data.
To go live, first understand the EA and its parameters doing back test, then demo it for at least three months and then go live with the same parameters you demoed it the last three months. If you change parameters, start the process again. This is business, this is not a game. you must plan and execute with enough time, not in one day.
When demo EG104 EA you may stress the EA as more as possible to get the best profit from it, you made some manual trades, close some orders, experiment, do scalping to a cent, etc.
Doing demo, your account may fail, then you open a new demo account an start over. That is easy, no emotions.

Live-real account? Ha!, here it is ... (symmetry mode only)
Here is how I do it. Note that my results may not be the same as yours, it all depends of many conditions.
First, I only use EG104 default parameters in my live accounts. I may adjust s_GridSizeFactor one point up or one point down in some circumstances, but I do reset them back to defaults as soon as possible.
Default parameters are the one that worked best for me, demoing it and live-real it. if I do find better parameter values, I do change the defaults and I do upload the EA to post one. I do recommend you to annotate or save your parameter values and then reset your EA every time you download a new revision from post one and then start from there again.
Second, I always use the last release, the one posted on post one. if I do and upload a new revision on post one is because I did found out it works best. That is the one I do use live, I do not go back, or run many revision together to compare or to find differences between them. if I do post a new revision is because I did found a difference. Once again, I do always trade real accounts with the last revision on post one.
I may be working with different versions on demo accounts, but not live accounts. I do demo first, if an idea comes out I do demo first. if it works I do post on post one, if not, I discard it and then I go back to the release on post one. I do not post working on releases on post one. I am posting only the release I do trading on real accounts.
I usually don't save source code for all releases, please don't ask me to do changes on releases that are not the one on post one.

I do believe on this EA, I don't give it up when it is on big drawdowns (DD), but common sense is been used here. It is important you understand margin, leverage, pip value and money requirements for this EA.
If I do EURUSD with leverage of 1:500 on standard 100K contract size account, margin requirement for each 1 lot (100K) is about $250.00 and pip value is $10
Let assume I do have a 25k balance account trading only EURUSD, then, EURUSD starts moving up and up without pullback, my grid size is 10 pips and I did start with 0.01 lots.
The EA enter 0.01 short, margin is just $3 or $5, not important here. When I do hit the first level, 10 pips, loss is equal to $1 then the EA sell 0.02.
On the second level the loss is 1+1+2=4 = $4
third level, 1+1+1+2+2+4= 11
fourth level, 1+1+1+1+2+2+2+4+4+8 = 26
etc, etc, etc. note how the loss multiply to near three times at each level.

Here is the drawdown I am talking about, the real DD, the one you see at real time on the account info on the terminal. That is the one that scare us, it is the one that trigger emotions, panic, what to do?, now what?, oh!, ha!. it may not work. I will loss all, pal' carajo!, what I did? Why I did it?, my wife will kill me..... Well, if you see 25K balance and 12K loss, then you are in a problem. you will lose it all. If the EA multiply quantities, you need double of the money. here is my third rule.
Third, well capitalize your account or have money reserved for emergencies.
in this situation what I do is neutralize the EA using a trading line call neutralize (more info on post 1,025) then, after it neutralize, I do remove the EA from the chart.
now I do a deposit on my account, must be near the same as balance, in this case I do deposit 25K. This deposit does not have to be done right away, your positions are neutralized, you will not lose more, but swap cost may affect you. As sooner you deposit, the best.
after you deposit, drop the EA back to the chart, recommending defaults, and let it continue.
after you are out of jeopardy, withdrawal the money and now you are out of trouble.
if you don't have money to deposit, then,
And finally, do not trade with money you can not afford to lose, you may lose it all.

Good luck trading!
thanks, bauta

Many thanks, Bauta, for this detailed explanation...! I do totally agree with you. I'm only forward testing since 3 days but I'm very happy with it. I have demoed about a dozen EAs but as far as I can say now, EG104 is one of the best. Alle features and settings make much sense. If events like Brexit play havoc with the markets, no trading system may work well.
Please, keep on doing your good work...!

Happy trading and nice weekend, jdva

PS: just one question: not disabled pairs with open positions close over weekend or let open?

Hi Bauta,

How is the behavior of the EA if you change for a newer version on live account on the run and you still have open positions. How does it effect the open trades? Or you close the trades and then change for the new version?

...

let the position open. Never close position manually...

Thank you Dear master Bauta. I'm staying tuned to you. I wish to your continued success on your great expert. Regards...

just keep the same magic number. The EA will take care of it.
I do like 301, if you use a different magic number, be sure to set it on the EA before updating or refreshing it.

The EA enter 0.01 short, margin is just $3 or $5, not important here. When I do hit the first level, 10 pips, loss is equal to $100 then the EA sell 0.02.
On the second level the loss is 100+100+200=400+15to20 margin = $420
third level, 100+100+100+200+200+400= 1,100 plus 60 to 100 margin = 1,200
fourth level, 100+100+100+100+200+200+200+400+400 +800 = 2,600 plus margin it is more than 3,000
etc, etc, etc. note how the loss multiply to near three times at each level.

Dear Bauta,

Just for my understanding, 0.01 short in standard contract and 1st level, shouldn't loss be $1 instead of $100?

"Never close manually"......damn. Makes more sense now because i have closed manually several times but took longer to reach target. It was hard to resist because the profit was higher than expected and started to reverse so I closed. It's easier to trade when you aint lookin at the screen. LOL

right, fixed

There is no "holy girl" in the world. If there is, the market does not exist any more. The market is not able to be predicted. That is the reason we use grid system. ​

1. If the DD of a grid system is less than 50%, it is a good system. If DD of a grid system is less than 30%, it is system that I dream to have.
2. The DD has to combined the profit rate together. The minimum profit rate of a forex system is 15%/month. If not, it is not able to get the money back before money burn away.
3. A regular withdraw must be performed for any grid system.

The "Expanding Grid" system has a few good thing:
1. Grid is dynamic and defined by ATR or day range.
2. flat on Friday.
3. News filter. This is the best item may bring account survive longer.

There is one issue: Due to large amount deposit is required to start from 0.01 lot, it is hard to get compound profit. That is reason we also need regular withdraw.

Hi Bauta,

I've setup the DailyTarget EA with settings ResetDaily=false and DailyProfi Amount=100 on Sunday morning. My Broker servertime starts trading on Sunday evening at 22h just for 2 hours and begins after that Monday european trading session at 00h. Broker/servertime is GMT+1.
Now on our Monday morning CET 8h the Target amount show already $300 (account currency is EUR). Ist that correct and if yes is there any possibility to skip Sunday or in some other way to solving that problem?

Thanks, jdva