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Expanding Grid

  • #2,781
  • Apr 5, 2017 7:26am Apr 5, 2017 7:26am
Quoting Mohsen-b
{quote} Hi Bauta, I am just wondering why you aren't using GBPJPY for channel mode and if you do so what setting recommending for it? It is well trendy pair and should perform well for Channel mode, am i right? Thanks Mohsen
I did add it. Let's see how it performs.
Thanks, Bauta
  • #2,782
  • Apr 12, 2017 5:14am Apr 12, 2017 5:14am
Hello Expanding Gridders!

I have put together this indicator to help me manage the risk when trading with EG104 (and other EAs that support closure_mode).

I use the market version of EG104, and I have several live accounts each trading several pairs (usually 8 pairs per account). For each account, I use an equity level of $2,000 per 0.01 lots, plus a reserve of at least $2,000 (so > $18,000 for 8 pairs).

I trade 24x5 and ignore news (i.e. I don't use DayTarget) so I wanted a way to automatically watch for high risk situations and put the EAs into closure mode when that happens.

I've been manually watching the Leverage Used on the accounts and setting the Global Variable dclosure = 1 when the Leverage Used is higher than about 20:1.
(to calculate: LeverageUsed = MarginUsed / Equity * AccountLeverage). So I decided to write this indicator to do it for me.

There is information on the parameters on the indicator's About tab. Basically, just drop it on any chart. You won't see any data on the chart, just look at the Global Variables and you should see values for JagzFX: Leverage Used and dclosure

I hope this helps some of you with your trading.

Lastly, as always, thanks and respect to Bauta for making this all possible in the first place!
Attached File(s)
File Type: ex4 EG104_Levarage.ex4   10 KB | 557 downloads
Always read Post #1
  • #2,783
  • Apr 12, 2017 5:47am Apr 12, 2017 5:47am
Quoting jagzuk
this indicator
More then thanks for this ! thanks for sharing
"The needs of the many outweigh the needs of the few" - Spock
  • #2,784
  • Edited 10:42am Apr 12, 2017 10:31am | Edited 10:42am
Quoting jagzuk
Hello Expanding Gridders! I have put together this indicator to help me manage the risk when trading with EG104 (and other EAs that support closure_mode). I use the market version of EG104, and I have several live accounts each trading several pairs (usually 8 pairs per account). For each account, I use an equity level of $2,000 per 0.01 lots, plus a reserve of at least $2,000 (so > $18,000 for 8 pairs). I trade 24x5 and ignore news (i.e. I don't use DayTarget) so I wanted a way to automatically watch for high risk situations and put the EAs into...
Thx for info, unfortunately, I cannot see a big advantage with your indicator regarding risk managing. Please correct me if I should be wrong!
In Closure Mode and on Symmetry Style you know EG104 set EA to breakeven and keeps opening up to 2 new positions and hence increasing the risk exposure as well.
IMHO the only way to reduce risk and survive is a reasonable account balance per pair and a Maximal Order setting. I have made good experiences with 6k /pair on Demo and even 8k /pair on a live account 1:500 per 0.01 lot with MO settings between 6-8.

Happy trading, jdva
I never lose - either I win or I learn...
  • #2,785
  • Apr 12, 2017 3:14pm Apr 12, 2017 3:14pm
Quoting jdva
{quote} Thx for info, unfortunately, I cannot see a big advantage with your indicator regarding risk managing. Please correct me if I should be wrong! In Closure Mode and on Symmetry Style you know EG104 set EA to breakeven and keeps opening up to 2 new positions and hence increasing the risk exposure as well. IMHO the only way to reduce risk and survive is a reasonable account balance per pair and a Maximal Order setting. I have made good experiences with 6k /pair on Demo and even 8k /pair on a live account 1:500 per 0.01 lot with MO settings between...
The advantage (for me) is the reduction in leverage contention between the pairs.

In closure mode, EAs do not start new cycles, so as pairs are closed out, more equity becomes available to the other EA(s). This reduces the leverage contention. Once the leverage reduces below the set value, the closure signal is cleared and all EAs start trading again.

This won't deal with every situation, but it provides me with a degree of automated governance outside of that which the EAs provide by themselves.

Very best regards!
Always read Post #1
  • #2,786
  • Apr 13, 2017 1:55am Apr 13, 2017 1:55am
Quoting Mohsen-b
{quote} Hi Bauta, I am just wondering why you aren't using GBPJPY for channel mode and if you do so what setting recommending for it? It is well trendy pair and should perform well for Channel mode, am i right? Thanks Mohsen
Addition of GBPJPY not going well so far.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 101 KB
  • #2,787
  • Apr 13, 2017 2:01am Apr 13, 2017 2:01am
Quoting bauta
{quote} Addition of GBPJPY not going well so far. {image}
We should work on setting, my demo account margin called by EURUSD (default setting).
  • #2,788
  • Apr 13, 2017 2:07am Apr 13, 2017 2:07am
Quoting Mohsen-b
{quote} We should work on setting, my demo account margin called by EURUSD (default setting).
be sure to set grid factor to 5 or less.
  • #2,789
  • Apr 13, 2017 2:13am Apr 13, 2017 2:13am
I am noticing a disconnection to live data on my broker. but the interesting think it happens when new day starts and now it happens on London opening. Interesting, doesn't it?
it disconnect for about 2 minutes.
broker is PaxForex
  • #2,790
  • Apr 13, 2017 2:38am Apr 13, 2017 2:38am
Quoting bauta
{quote} be sure to set grid factor to 5 or less.
I checked again and NZDUSD was main pair which caused margin call, all pairs have been on grid factor 4.
  • #2,791
  • Apr 13, 2017 3:01am Apr 13, 2017 3:01am
Quoting bauta
I am noticing a disconnection to live data on my broker. but the interesting think it happens when new day starts and now it happens on London opening. Interesting, doesn't it? it disconnect for about 2 minutes. broker is PaxForex
I did lot of searches and tried most of known brokers during last 10 years but unfortunately majority of them are scam and fake, doesn't matter how big or famous they are.
Only broker that i found honest and its ECN account is really ECN is IC Markets based in Australia. I am with them since Sep. last year and didn't see any suspicious movement with them so far. It happened many times that i had 50 lots open and price just returned from its SL with less than a pip. If it was fake broker , it never missed that such a golden chances and could reap it by widening spread. The only thing that i seen is price slippage sometimes in opening and closing positions which is normal and acceptable for market execution accounts in certain level and in very fast moving times.
I would like to have another good ECN broker as back up but can't find it so far (with account setting that fit for EG104 EA ).
  • #2,792
  • Apr 13, 2017 2:21pm Apr 13, 2017 2:21pm
Good to know you like ICMarkets. I've tried them on demo, but remember seeing strange spikes. Should try that again. I'm with WHS in Lux. Very old school, lots of paperwork, nothing online. But once thru there: solid as a rock. Highly recommended.
  • #2,793
  • Apr 14, 2017 10:16am Apr 14, 2017 10:16am
Quoting bauta
{quote} Addition of GBPJPY not going well so far. {image}
GJ 19.44 lots trade...patience and persistence finally paid off, Bauta !

Happy Easter, jdva
I never lose - either I win or I learn...
  • #2,794
  • Apr 14, 2017 10:34am Apr 14, 2017 10:34am
Quoting jdva
{quote} GJ 19.44 lots trade...patience and persistence finally paid off, Bauta ! Happy Easter, jdva
Beautiful, nice close. yes, patience is a big factor.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 77 KB
  • #2,795
  • Apr 14, 2017 10:43am Apr 14, 2017 10:43am
Channel-Static.set.txt

This is the set file of Channel-Static Demo in your Explorer?
  • #2,796
  • Apr 14, 2017 10:47am Apr 14, 2017 10:47am
Quoting Route206
Good to know you like ICMarkets. I've tried them on demo, but remember seeing strange spikes. Should try that again. I'm with WHS in Lux. Very old school, lots of paperwork, nothing online. But once thru there: solid as a rock. Highly recommended.
Hi Route206,

is Mt4 platform available by WHS?

thanks
  • #2,797
  • Apr 14, 2017 11:04am Apr 14, 2017 11:04am
hi bauta;

my platform writed problems what ı do ?
Attached Image (click to enlarge)
Click to Enlarge Name: 11.JPG Size: 55 KB
  • #2,798
  • Edited 1:10pm Apr 14, 2017 11:54am | Edited 1:10pm
Quoting elvalove10
Channel-Static.set.txt This is the set file of Channel-Static Demo in your Explorer?
to be sure we all are on the same version and settings, I did uploaded EG104.037 and Static_channel settings files to post one.
and
yes, I it was in channel mode.
comparing my two explores here:
https://www.forexfactory.com/bauta
I do see channel mode performing much but much better than symmetry, I did start these two explores about the same time and with the same initial deposit of 25K. Channel duplicated the money in 17 weeks, symmetry not yet.
also, I did stop trading symmetry on my live accounts, I did trade symmetry the all 2016 year and we were able to get the best of it,
at the beginning of 2017, I decided to start optimizing channel mode and so far it becoming the best mode.
please, please. do not stress out the EA, do not go for more than it can do. This is not big ROI system. You must go with recommended capital or better, failing to do so, you will lose your money.
I am using 5 times the contract size for required capital for the first chart, and then 2.5 to 3 times the contract size for any additional chart.
you may drop the script I-MinLot on post one, to the chart you want to trade, it will show the information you need to calculate required capital.
good luck you all and thanks for your support,
bauta
  • #2,799
  • Apr 14, 2017 11:56am Apr 14, 2017 11:56am
Quoting likemoney
hi bauta; my platform writed problems what ı do ? {image}
email to [email protected] or go to https://www.mql5.com/en/market/product/13821
  • #2,800
  • Edited 1:10pm Apr 14, 2017 11:58am | Edited 1:10pm
Quoting bauta
{quote} to be sure we all are on the same version and settings, I did uploaded EG104.037 and Static_channel settings files to post one. and yes, I it was in channel mode. comparing my two explores here: https://www.forexfactory.com/bauta I do see channel mode performing much but much better than symmetry, I did start these two explores about the same time and with the same initial deposit of 25K. Channel duplicated the money in 17 weeks, symmetry not yet. also, I did stop...
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