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Expanding Grid

  • #2,061
  • Jul 27, 2016 3:17am Jul 27, 2016 3:17am
Quoting bauta
{quote} Now I am concentrating more in these pairs: EURUSD, USDJPY, GBPUSD, AUDUSD and NZDUSD. having 5 pairs only, eliminates the need of a broker that allows more than 200 opened orders. my plan is to increase startlotqty as capital grows, instead of adding more charts. thanks, bauta
you might be right with those pairs as the following very detailed study confirms:

https://moomooforex.com/2014/02/03/g...currency-pair/

Happy trading, jdva
I never lose - either I win or I learn...
  • #2,062
  • Jul 27, 2016 6:58am Jul 27, 2016 6:58am
Quoting jdva
{quote} you might be right with those pairs as the following very detailed study confirms: https://moomooforex.com/2014/02/03/g...currency-pair/ Happy trading, jdva
interesting article. Thanks and good luck trading, bauta
  • #2,063
  • Edited 7:28am Jul 27, 2016 7:14am | Edited 7:28am
FOMC Statement: Federal Interest Rate Decision
http://www.myfxbook.com/forex-econom...27-2016/717544

Today is FOMC decision and I will test something different.
I am going to do a full test to the feature introduced in release 031: pause execution using M1 fractals.

Demo only please:

  1. EG104 reset to default parameters
  2. disable DayTarget, preferable remove it, or set DontTradeOnNews=false and TargetType=none
  3. be sure you delete all the closure global variables. (hit F3 to check)
  4. 2 hours after the release, resume DayTarget if you prefer.

follow this explorer. I will post results after the release.

http://www.forexfactory.com/bauta/25

stay tuned, bauta

  • #2,064
  • Jul 27, 2016 10:03am Jul 27, 2016 10:03am
Quoting bauta
FOMC Statement: Federal Interest Rate Decision http://www.myfxbook.com/forex-econom...27-2016/717544 Today is FOMC decision and I will test something different. I am going to do a full test to the feature introduced in release 031: pause execution using M1 fractals. Demo only please: EG104 reset to default parameters disable DayTarget, preferable remove it, or set DontTradeOnNews=false and TargetType=none be sure you delete...
Bauta, I have had actually the same idea, but as you already are going to do that, I will let my TE untouched for possible comparison...

Attached Image (click to enlarge)
Click to Enlarge Name: EG104.png Size: 39 KB
I never lose - either I win or I learn...
  • #2,065
  • Jul 28, 2016 5:44am Jul 28, 2016 5:44am
Why are you seeing this big screen with lots of info, whereas i'm only seeing what is encircled in red????
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 35 KB
  • #2,066
  • Jul 28, 2016 6:02am Jul 28, 2016 6:02am
He has a bunch of other indicators on the chart.

Looks like iprofittracker and iexposure - not sure about the middle one. Both can be found in this thread.
  • #2,067
  • Jul 28, 2016 7:00am Jul 28, 2016 7:00am
Quoting jazzyjimmy
He has a bunch of other indicators on the chart. Looks like iprofittracker and iexposure - not sure about the middle one. Both can be found in this thread.
yes, buddy, you are right...those additional 2 indis + !MT4 currency power indicator...
I never lose - either I win or I learn...
  • #2,068
  • Jul 28, 2016 10:32am Jul 28, 2016 10:32am
Hi,
does anybody use Max_money_loss?
  • #2,069
  • Jul 28, 2016 12:24pm Jul 28, 2016 12:24pm
Quoting pipartisan
Hi, does anybody use Max_money_loss?
I do not use it at all. some trader once ask me to add it to the EA and I did it.
I do not recommend using it.
bauta
  • #2,070
  • Jul 28, 2016 3:58pm Jul 28, 2016 3:58pm
As I wrote earlier, most of the money is made with symmetry when price is dancing around entry price. As such it is important to keep grid distance small. When price starts to trend, it becomes dangerous quickly when positions start accumulating too quickly. So grid distance needs to be big! Preseving capital and patience now replaces the desire for many small gains in a short period of time!
For that reason I'm having most success with high grid_factor (8 instead of 5) and with a high percentage_increase (35 instead of 20). The net result is indeed lots of action when price is ranging and low DD but slower recovery when price is trending.
Works for me and keeps me save in the absence of autohedge with auto re-entry. Don't want to do manual!
  • #2,071
  • Jul 28, 2016 9:01pm Jul 28, 2016 9:01pm
hi all
if i have 10k account how many pair can i trade? got nice set file share?
  • #2,072
  • Jul 29, 2016 2:42am Jul 29, 2016 2:42am
Quoting Route206
As I wrote earlier, most of the money is made with symmetry when price is dancing around entry price. As such it is important to keep grid distance small. When price starts to trend, it becomes dangerous quickly when positions start accumulating too quickly. So grid distance needs to be big! Preseving capital and patience now replaces the desire for many small gains in a short period of time! For that reason I'm having most success with high grid_factor (8 instead of 5) and with a high percentage_increase (35 instead of 20). The net result is indeed...
Regarding grid size factor and grid distance read this:

GridSizeFactor: a value from 0 to 15. It is used to calculate the grid size/distance. A small value increases the grid size and do open fewer orders, biggest values decrease grid size and scalp more. I see it as a scalping intensity level.

Happy trading. jdva
I never lose - either I win or I learn...
  • #2,073
  • Jul 29, 2016 2:48am Jul 29, 2016 2:48am
Quoting steve80
hi all if i have 10k account how many pair can i trade? got nice set file share?
IMHO, 3-4 non correlated pairs with default Symmetry Style settings...

Happy pipping. jdva
I never lose - either I win or I learn...
  • #2,074
  • Jul 29, 2016 3:56am Jul 29, 2016 3:56am
Quoting jdva
{quote} IMHO, 3-4 non correlated pairs with default Symmetry Style settings... Happy pipping. jdva
if i trade with live account have 1000,how many pair can i trade ?
account 1000 if wanna take profit 2% daily can reach or not ?
any suggestion ?
thanks you !
  • #2,075
  • Jul 29, 2016 4:16am Jul 29, 2016 4:16am
Quoting steve80
{quote} if i trade with live account have 1000,how many pair can i trade ? account 1000 if wanna take profit 2% daily can reach or not ? any suggestion ? thanks you !
Here it is:
http://www.forexfactory.com/showthre...46#post8858546
  • #2,076
  • Jul 29, 2016 4:21am Jul 29, 2016 4:21am
Quoting gilfx
{quote} Here it is: http://www.forexfactory.com/showthre...46#post8858546
thanks !
  • #2,077
  • Jul 29, 2016 8:59am Jul 29, 2016 8:59am
Quoting bauta
{quote} I do not use it at all. some trader once ask me to add it to the EA and I did it. I do not recommend using it. bauta
i have purchase this Ea , but the Ea did not install at my mt4 , what should i do?
  • #2,078
  • Jul 29, 2016 10:21am Jul 29, 2016 10:21am
Quoting Route206
Welcome to grid trading! The always correct answer is: ride it out if your pockets are deep and your balls are big. Other options are hedging and re-entry, worst case is take a loss and start over. Hope is not a strategy though. Make your plan first and then execute. As per discussions above, I like the EA to take some actions with hedging and re-entry but clearly there are different views on that.
To Route206 and Bauta,
After more than a week, patience paid off. I waited it out and didn't lose a cent! My previous total account losses are almost wiped clean (just a few bucks away). I wasn't expecting that. Losses I accumulated BEFORE using DayTarget! How's that for a testimonial? LOL. Just this morning...TARGETED!! Thanks guys, BoHanna
  • #2,079
  • Edited 12:45pm Jul 29, 2016 10:51am | Edited 12:45pm
Good for you and well done.
Interestingly enough I find myself now in the same situation with EurUsd. I am trapped short and now also need to wait it out.
  • #2,080
  • Jul 29, 2016 12:32pm Jul 29, 2016 12:32pm
Good learning day so far, I believe my well-funded account should survive that USD weakness (DX -1%!)...
currently used margin 5,8k and margin level still over 1200%! Main Problem child atm USDCHF with 1,2k floating DD.. W'll see...

Nice weekend, jdva
I never lose - either I win or I learn...
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