(binned per thread starter’s request) Experiece with this Stop Or

Greetings to all

Some time ago I saw the thread ( http://www.forexfactory.com/showthread.php?t=515093 ) and I decided to turn it into a EA grid
but this strategy is profitable only in Trend market , and in Range Market is not profitable, I am reforming it to make good on the Range market

if you have experience to improve This strategy In Range Market, Please Give me a message

Be healthy and wealthy

************************************ RULES **********************************
EA will open 10 BUY STOP orders & 10 SELL STOP orders. ( changeable no of orders), Taking orders 10 Pips from the market price/or given price ( changeable )
Take profit 10 pips & stop loss 20 pips ( changeable).
we have to test that EA which risk reward ratio give us good result thats why TP and SL should be changeable ..

Now, if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just above those older Sell Stop orders maintaining the same
distance 10 pips.

2> At the same time it will remove a Sell Stop Order from the bottom of those
older Sell Stops.

3> EA will add a New BUY STOP order just above those older Buy Stops keeping
the same distance 10 pips.

4> As long as market will go to the same direction and hit take profit, EA will
keep continue the rules. {( all these 4 things must happen in a second ( no delay)}

> If price triggers SELL STOP first, then opposite rules will be applied ( I hope it's easy for you to understand )

>>> Now, if price comes back & hit stop loss then EA will add a BUY STOP Just bellow the previous buy stop order
maintaining the same distance 10 pips.

>>> And just opposite rules will be applied if price comes back after hitting a Sell Stop & hit stop loss.

Number of Pending orders always will be 10+ 10 = 20 (changeable)
**************************************************************************************

Little change is:

if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just below that TP(distance 10 pip)

if price triggers SELL STOP & hit take profit, as soon as this Order closed
2> EA will Add a New BUY STOP just above that TP(distance 10 pip)

and the same ruls for SELLSTOPLOSS and BUYSTOPLOSS

**************************************************************************************
Please be careful : This is the EXPERT of these rules and not for use in real accounts.

Check Five Pairs...

another Check by Five Pairs...

another Check by 4 Pairs...

Test result 4 Pairs + 420pip

Hi, it looks very interesting. Can you share this EA?

hi Jordi

yes, sure
After creating I share it
but now i am investigating the weaknesses in this legislation

another Check by 4 Pairs and Little change in rules ... December/12/2016

Test result 4 Pairs + 380pip

nice one sir, please inform us that "little changes"

Mine on 2 pairs, wider grid as I did it manually.
My setting is using Risk < Reward, and it naturally bring poor Probability of Success, but still trade-able for me.


But in another account, with 5 pairs, using much wider grid than above, this month result till this mid December is negative. Let see till the end of this month.

hi digu
excuse me for the late response

Little change is:

if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just below that TP(distance 10 pip)

if price triggers SELL STOP & hit take profit, as soon as this Order closed
2> EA will Add a New BUY STOP just above that TP(distance 10 pip)

and the same ruls for SELLSTOPLOSS and BUYSTOPLOSS

Expert test is next week...

be healthy and wealthy

another Check by 8 Pairs and Little change in rules ... December/23/2016

Test result 8 Pairs + 170 pip


Be healthy and wealthy

Hi, seems interesting, looking for the EA to help in forwardtest...
What do you mean with "little change in rules" ? What do you have changed?

Thanks!

hi chucrut
i added "little change" in Post#1

Hi shaded, looking forward to your EA for forward tests. I like your idea, thank you.

another Check by 5 Pairs ... December/28/2016
Test result 5 Pairs + 240 pip

Happy New Year in advance

Be healthy and wealthy

Looking forward for the EA, i have a question on the grid...
in the screenshot that you are publishing are you using a 10 pips grid from the price at X hour or fixed 10 pips grid?

I mean:

10 pips from the price at midnight:
example: when the day begin the price is 100 so the grid will be 110, 120, 130... and on the downside 90, 80, 70...

10 fixed grid:
example: indipendently from where the price is the grid will start from 0 and will be every 10 pips, example if price is 95 the orders will be at 100 and 90 on the downside...

In the second case the grid would be indipendent from when the EA gest started, the results should be the same (only different from broker to broker cause spread and prices), instead in the first case the results would depend from when the price where is the pair when the EA get started...

hope i explained well...

Hi chucrut

The rule is :
When the expert runs(At the start of the market Or a few minutes later) , 10 line in the top and 10 line in down is created.

for example, Now the price is zero :
The first line of up is 10
The second line of up is 20

The first line 0f down is -10
The second line of down is -20

Hi shahed58, the results you posted are quite impressive, but I see all are with volatile days. which are the results on ranging days?

hi jordi

Please see post#10
at December/23/2016 - GBPUSD & EURGBP are almost ranging

Please see post#2
result of 5 pairs is good
More pairs are ranging(similar EURGBP)

i have selected them randomly

be healthy and wealthy

Hello, this is interesting!
I read the rules that you posted. My concern is that price can oscillate between the 1st level buy and sell stops. If this happens enough then it will eat away the profits.
Having said that the results you show are promising. Please continue to update your results here. Thanks!

Shahed58 do you use stop loss?