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Free EA - Piggy n The Middle

  • #1,181
  • Sep 13, 2016 4:56pm Sep 13, 2016 4:56pm
Quoting kornrogers
{quote} Yes, the 4aa does that.

Thanks guys ... will look up 4aa
  • #1,182
  • Sep 13, 2016 8:30pm Sep 13, 2016 8:30pm
Quoting keydcuk
{quote} I have looked at binary because I believe there is less risk in the trading environment. No matter how many pips you go positive or negative, it is still the same payout. Although a good stop loss and take profit can be used in forex, I just like the idea that if you have 1 positive pip or 50 pips, it's the same payout. The similar occurs in the negative pips, it's a fixed loss rather than counting pips. It is better for me as I am one that struggle to close positions at loss and keep to stop losses I put in place. This is one of the reasons...
Thanks Daniel for your opinion. Is there spesific strategy about binary trading do you use ?
I just wonder why binary trading not so familiar like trading forex ? any way thanks alot for your kind for helping people. wish all the best
  • #1,183
  • Sep 14, 2016 5:37am Sep 14, 2016 5:37am
Quoting ronald_fsm
{quote} Thanks Daniel for your opinion. Is there spesific strategy about binary trading do you use ? I just wonder why binary trading not so familiar like trading forex ? any way thanks alot for your kind for helping people. wish all the best
At the moment, I am using a method involving RSI. Binary has not been out there very long and I think the forex community has a harder time embracing it. What I am exploring at the moment is martingale. For as much as I am against it in forex, I think there is room for it in binary because of it's fixed wins and if there is a strategy that can say yield no more than 3 or 4 losers in a row, you could really make a lot of money consistently using a martingale strategy.

Daniel
  • #1,184
  • Sep 14, 2016 8:34am Sep 14, 2016 8:34am
Quoting keydcuk
{quote} At the moment, I am using a method involving RSI. Binary has not been out there very long and I think the forex community has a harder time embracing it. What I am exploring at the moment is martingale. For as much as I am against it in forex, I think there is room for it in binary because of it's fixed wins and if there is a strategy that can say yield no more than 3 or 4 losers in a row, you could really make a lot of money consistently using a martingale strategy. Daniel
Thanks for your explanation . some one i know also trading binary using "martingale " strategy also and his account grow well .
  • #1,185
  • Sep 15, 2016 10:31pm Sep 15, 2016 10:31pm
Quoting FXCyborg
Guys Try this at $10k balance. UPTREND LONG = 0.03 lots UPTREND SHORT = 0.01 lots DOWNTREND LONG = 0.01 lots DOWNTREND SHORT = 0.03 lots Net TP = 30 Rounding = 20 Here's my results after 60 days or so, you'll be surprised {image}
Could you please let us know how the EA is doing now? IS it still giving you pips? Also like to ask you about your setting for the GJ pair. ihave used it with good results. 5% return in one week with hardly any draw down. I like to demo on a large lot size of 0.3 on a 50 K account. The TP and rounding can be still kept at 30 and 20 respectively?

Thanks
Sathish
  • #1,186
  • Sep 17, 2016 5:01am Sep 17, 2016 5:01am
Update....
Sep 12 to Sep 16

DD for the week reached 68%
Profit for the week was +8.13%
Accumulated profit is now +166.19%
  • #1,187
  • Sep 17, 2016 8:53am Sep 17, 2016 8:53am
Stats from start (Aug 4 2016)
Week ending sep 16..

Profit week: +1.46%
Profit month: +4.33%
Profit from start: +12.91%

Draw down week: 17.45% (high) 1.48% (current)
Draw down Max from start: 17.45%

All my pairs conspired against me this week. Probably worst case scenario to get into. Still able to keep DD under 20% which is my goal. Recovered nicely by weeks end. I was hoping to encounter a situation like this to see how the EA would recover from the price not behaving as I expected. Plain and simple my market analysis was dead wrong this week. First time that happened since start. Probably wont be the last either, so this week was good learning experience.
https://www.myfxbook.com/portfolio/off-the-grid/1768367
  • #1,188
  • Sep 17, 2016 9:18am Sep 17, 2016 9:18am
Quoting goldcourse
Update.... Sep 12 to Sep 16 DD for the week reached 68% Profit for the week was +8.13% Accumulated profit is now +166.19%
Wow! That's a lot of DD.

Daniel
  • #1,189
  • Sep 17, 2016 3:43pm Sep 17, 2016 3:43pm
yeah, I was thinking the same, lots of DD
No pain, no gain I guess
Being good at what you do is a result of having fun
  • #1,190
  • Sep 17, 2016 9:08pm Sep 17, 2016 9:08pm
Quoting keydcuk
{quote} Wow! That's a lot of DD. Daniel
Yes, I wouldn't trade this live with small account balance.
  • #1,191
  • Sep 26, 2016 9:13pm Sep 26, 2016 9:13pm
I have been testing this EA for a month now. I must say that even in the extreme situtaion with GY now, this EA has not created a DD more than 5%. Returns 10% / 2 weeks on bigger lots and 10%/ month on .01 lots. Like this EA. I use settings suggested by FxCyborg.
  • #1,192
  • Oct 2, 2016 6:45am Oct 2, 2016 6:45am
HELLO FELLOW FOLLOWERS!

I am messaging you to say that I am leaving forex factory. I have decided to look at what Binary Options may or may not bring on a live account and possibly use the Piggy n The Middle EA in the future if I dare to be brave enough.

Please be aware that I do not recommend PnTM on live accounts for either legal reasons or even sound advice as I have seen nothing in backtest other than to prove to myself that eventually there would be an extreme DD period and that you would need about 7000 or maybe even more just to be trading 0.01 lot, however some people have traded it slightly different than a set and forget EA in this thread.

I wish you the best of will for those who are using it that it pays off the debts that may have accumulated over your time trading in the past.

May the Peace of Our Lord Jesus Christ Bless you all!

Please note that the mq4 files should be fine to edit if you are using the Fxdreema software to modify the strategy.

Daniel
  • #1,193
  • Oct 2, 2016 7:34am Oct 2, 2016 7:34am
Sad to see you go. you were one one the most altruist contributors to all the threads you participated or created. Hope you comeback for time to time just to say hello. Good luck and thanks for all your inspirational contributions.
  • #1,194
  • Oct 2, 2016 12:58pm Oct 2, 2016 12:58pm
Daniel,
You will definitely leave excellent memories behind. Wish you all the best in your life and good luck.
  • #1,195
  • Oct 2, 2016 2:09pm Oct 2, 2016 2:09pm
Good luck Daniel. One of the best grid traders I ever tried. You are right about the set and forget. It can be used in other ways however. It is just a tool and a very good one if used properly. I continue to test it on demo using my own methods and it has worked very well. Hope your future ventures are profitable.
  • #1,196
  • Oct 2, 2016 3:29pm Oct 2, 2016 3:29pm
All the best to you Daniel, thanks for your time and generosity.
  • #1,197
  • Oct 3, 2016 9:59am Oct 3, 2016 9:59am
Quoting keydcuk
HELLO FELLOW FOLLOWERS! I am messaging you to say that I am leaving forex factory. I have decided to look at what Binary Options may or may not bring on a live account and possibly use the Piggy n The Middle EA in the future if I dare to be brave enough. Please be aware that I do not recommend PnTM on live accounts for either legal reasons or even sound advice as I have seen nothing in backtest other than to prove to myself that eventually there would be an extreme DD period and that you would need about 7000 or maybe even...
hi daniel

good luck to you my friend. thanks for sharing the EA.

cheers!
  • #1,198
  • Oct 3, 2016 2:50pm Oct 3, 2016 2:50pm
Best of luck in your future endeavors.
Wish you will face many fun challenges in your road to succes.

Hope we will meet again. Thanks for your work and your input.
Being good at what you do is a result of having fun
  • #1,199
  • Oct 5, 2016 7:34am Oct 5, 2016 7:34am
Hello,

Since we are more eager to go after a grid of 5 instead of 200, why not:

a. Before activating the EA, make sure the market is sideway, at least at M5 for 1 hour or more, whatever the sideway range for that previous 1 hour or more may be;
b. IF no strong moves (100-200 pips) followed by 50% retracement takes place within a specified period, say 2 hours after the EA having been activated, close all, deactivate the EA and re-start the EA once condition (a) above is met;
c. IF after a strong move (up or down 100-200 pips), no 50% retracement takes place within 15 minutes up to 1 hour, cut your loss, close all and start all over again once condition (a) above is met. IF you get your 100%-127% retracement, close all, deactivate the EA and withdraw your profits for the day.

My hypothesis is that: IF we give a time limit for the anticipated retracement to take place, we will not be run down and the account be blown away by a strong 100-200 pips moves because of the silly 5 pips grids.

Cheers,
Safuan

P/S This is my 1st post here and I have been reading up to page 34 since 2 days ago. Count me in pls.
  • #1,200
  • Oct 5, 2016 5:37pm Oct 5, 2016 5:37pm
Quoting naufas
Hello, Since we are more eager to go after a grid of 5 instead of 200.
Who exactly is more eager? I do not remember anyone in this thread advocating a 5 pip grid. Even on a slow moving pair I would never have anything less than a 20 pip grid size. Try testing GBP/JPY with a 5 pip grid and see what happens. As for your scenarios, you would need to monitor the EA constantly. Like 24/7. This is why I dont trade this EA bi-directional. Way too much work.
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