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10 pip trade reverse grid system

  • #1
  • First Post: Edited 12:32am Jun 17, 2017 12:18am | Edited 12:32am
Hi guys I couldn't think of a cool name so I made 1 up.

I want interested parties to try this with manual back testing only.

I have the grid indicator.

You can set the grid indicator to 130(this is actually 13 pips) so the grid lines will be 13 pips apart.

we are aiming for 10 pips so for my broker(oanda) 3 pips is safe bet. Most of the time the spread for EUR/USD is 2 pips or less but I want to be on the safe side.

the chart I am posting shows roughly how to trade this system.

Entry: When the price touches a grid line decide whether to go long or short( you can use any reason or just flip a coin)











Exit: Tp = next grid (its either 10 pips or a bit more depending on spread)
Sl= next grid(someone tell me how to exit a short position and a long position that will equal the tp) I think the sl for long should be set exactly at 10 pips and sl for short should be set exactly at 13 pips.

When your long hits TP than reenter long position again. When your short position hits TP enter short again.

When your long hits SL reverse and enter short position by adding 1 more lot. (so if the original trade was 1mini lot you add 1 more mini lot when you lose and reverse)
When your short hits Sl reverse and enter long by adding 1 more lot.

that's it.

Every time you hit sl you reverse by adding 1 extra lot until you hit tp.

So for losing trades: first trade 1lot, second trade 2lots, 3rd trade 3 lots and so on.

ps: I forgot to say that try Eur/usd pair or 1 with similar low spread.

Let me know what your results are.

tnx
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 63 KB
Attached File(s)
File Type: ex4 Grid Builder.ex4   8 KB | 1,018 downloads
  • #2
  • Jun 17, 2017 12:37am Jun 17, 2017 12:37am
Another system of gambling ....

Come on

flip a coin ??

Sorry, i have to stop you here, the idea is being repeated trillions of times.... Check the mt4 experts (free downloads) there is 3 sxperts using grid of any size you want and based is on 300 points.... But not flipping a coin or what's so ever....

I hope that 1+2+..... Will not equal to losing your money....

Please my advise, before jumping to new systems.... Please read and check the mt4 free experts
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #3
  • Jun 17, 2017 12:43am Jun 17, 2017 12:43am
Hi

please also check here in forex factory.... You will find many threads discussing the same ( including mine ) with a strategy and some are with gambling systems... But all need filters to be sure that the price might reach your tp.

Do not use the past to predict the now or future price actions

i can see from your charts above that yoy are gussing from the past... Not good at all...

Sorry for my way of typing but really i do not want you to dream of big money using this way and then to lose all by this system
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #4
  • Jun 17, 2017 12:46am Jun 17, 2017 12:46am
Quoting Samer1970
Hi please also check here in forex factory.... You will find many threads discussing the same ( including mine ) with a strategy and some are with gambling systems... But all need filters to be sure that the price might reach your tp. Do not use the past to predict the now or future price actions i can see from your charts above that yoy are gussing from the past... Not good at all... Sorry for my way of typing but really i do not want you to dream of big money using this way and then to lose all by this system
I see my math is wrong I will take the thread down but
I don't see hove I'm guessing the past??
I did say decide on any direction didn't I?
  • #5
  • Jun 17, 2017 12:59am Jun 17, 2017 12:59am
Quoting hibra68
{quote} I see my math is wrong I will take the thread down but I don't see hove I'm guessing the past?? I did say decide on any direction didn't I?
HI

TAKE POINT 1

YOU HAVE SHOWN THAT IT IS UP , SO YOU HAVE DECIDED THAT IT IS UP AS YOU DID IN GOING BACKWARD TO SHOW YOUE EXAMPLE
SAME SAID FOR POINT 2

IT MIGHT GO TO SOUTH ... YOU DO NOT KNOW AT THE TIME OF TOUCHING (ZERO TIME), BUT BCZ YOU CHECK THE CHART FOR PAST, YOU ARE GUESSING THAT IT WILL GO NORTH, BUT ON ACTUAL TRADING IT IS LIKE THIS :

FOR EXAMPLE : YOUR LEVERAGE IS 1:500 ------> PRICE IS GOING UP , THEN YOU MAKE 1 LOT = SO THE REAL IS 500 LOTS IN THE MARKET .. THEN THERE WILL BE FORCE TO THE SOUTH EQUAL OR MORE THAN 10 TIMES YOUR 500 LOTS ( I EXPECT 5000 TO 50,000 ) LOTS TO TRIGGER YOUR STOP LOSS BY THE GURU OR YOUR BROKER OR THE RELATED BANKS WHO CAN SEE YOUR TRADE

WOW

THEN YOUR

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #6
  • Jun 17, 2017 1:02am Jun 17, 2017 1:02am
Ok never mind about adding to losing trades.

Just reverse your trade every time you lose but keep the same lot size(until you reach a certain amount than you can raise the position size according to account size)

tnx
  • #7
  • Jun 17, 2017 1:03am Jun 17, 2017 1:03am
Quoting Samer1970
{quote} HI TAKE POINT 1 YOU HAVE SHOWN THAT IT IS UP , SO YOU HAVE DECIDED THAT IT IS UP AS YOU DID IN GOING BACKWARD TO SHOW YOUE EXAMPLE SAME SAID FOR POINT 2 IT MIGHT GO TO SOUTH ... YOU DO NOT KNOW AT THE TIME OF TOUCHING (ZERO TIME), BUT BCZ YOU CHECK THE CHART FOR PAST, YOU ARE GUESSING THAT IT WILL GO NORTH, BUT ON ACTUAL TRADING IT IS LIKE THIS : FOR EXAMPLE : YOUR LEVERAGE IS 1:500 ------> PRICE IS GOING UP , THEN YOU MAKE 1 LOT = SO THE REAL IS 500 LOTS IN THE MARKET .. THEN THERE WILL BE FORCE TO THE SOUTH EQUAL OR MORE THAN 10 TIMES...
You are wasting your time right now I already replied to your post saying my math was wrong.
So I don't know what else you are trying to say right now?
  • #8
  • Jun 17, 2017 1:10am Jun 17, 2017 1:10am
Quoting Samer1970
{quote} HI TAKE POINT 1 YOU HAVE SHOWN THAT IT IS UP , SO YOU HAVE DECIDED THAT IT IS UP AS YOU DID IN GOING BACKWARD TO SHOW YOUE EXAMPLE SAME SAID FOR POINT 2 IT MIGHT GO TO SOUTH ... YOU DO NOT KNOW AT THE TIME OF TOUCHING (ZERO TIME), BUT BCZ YOU CHECK THE CHART FOR PAST, YOU ARE GUESSING THAT IT WILL GO NORTH, BUT ON ACTUAL TRADING IT IS LIKE THIS : FOR EXAMPLE : YOUR LEVERAGE IS 1:500 ------> PRICE IS GOING UP , THEN YOU MAKE 1 LOT = SO THE REAL IS 500 LOTS IN THE MARKET .. THEN THERE WILL BE FORCE TO THE SOUTH EQUAL OR MORE THAN 10 TIMES...
If you look at the chart you will see that I am not keeping any trades open they either hit Sl or TP. So I don't get your 500 lots ???
If you have 1:50 leverage and 1000 dollars you have the buying power of 50000

but you are using only 1000 Or 1 micro lots per trade and when your position hit SL you are losing $1. and your TP is also $1.
So you are not holding on to the losing positions.
But I was trying to add to a losing positions meaning if I lose a trade I lose $1. Than I immediately take another trade with 2 micro lots, so if I lose that also I lose $2. and so on.

But I'm changing that now and saying that you can just open a new trade after a losing trade with equal size. So if you lose $1 than next size is 1 micro lot so if you lose that as well you only lose another $1.
  • #9
  • Jun 17, 2017 1:15am Jun 17, 2017 1:15am
Quoting Samer1970
Another system of gambling .... Come on flip a coin ?? Sorry, i have to stop you here, the idea is being repeated trillions of times.... Check the mt4 experts (free downloads) there is 3 sxperts using grid of any size you want and based is on 300 points.... But not flipping a coin or what's so ever.... I hope that 1+2+..... Will not equal to losing your money.... Please my advise, before jumping to new systems.... Please read and check the mt4 free experts

Another system of Gambling EY?

So explain to me why I started getting spam ads for gambling sites as soon as I started searching for Forex related info six years ago?

Do you think those ad companies think that Forex is gambling?

If not, how come they are not sending me ads related to sex products or any other spam?
  • #10
  • Jun 17, 2017 1:15am Jun 17, 2017 1:15am
Quoting hibra68
{quote} You are wasting your time right now I already replied to your post saying my math was wrong. So I don't know what else you are trying to say right now?
WORKING IN TEACHING SECTOR IS MAKING ME TO EXPLAIN MORE... SORRY IF I MADE YOU CONFUSED.... I DO NOT WANT TO PROOF ANYTHING..... THANK YOU.

NO HARD FEELINGS.

GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #11
  • Jun 17, 2017 1:19am Jun 17, 2017 1:19am
Quoting hibra68
{quote} another system of gambling ey? So explain to me why i started getting spam ads for gambling sites as soon as i started searching for forex related info six years ago? Do you think those ad companies think that forex is gambling? If not, how come they are not sending me ads related to sex products or any other spam?

i advise you to try it on manual real trades on demo account, you will understand the feeling when you reach the grid line and you want to guess it up or down... Then once you make the trade and market goes against you, you will feel pain and burn in heart... Then it is like binary options.... But look here, as i said no hard feelings.... Ok
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #12
  • Jun 17, 2017 1:32am Jun 17, 2017 1:32am
Quoting Samer1970
{quote} i advise you to try it on manual real trades on demo account, you will understand the feeling when you reach the grid line and you want to guess it up or down... Then once you make the trade and market goes against you, you will feel pain and burn in heart... Then it is like binary options.... But look here, as i said no hard feelings.... Ok
Why do you keep assuming that I have to guess the direction??

You take a long trade for example at the grid.

You lose you take another long trade

You lose again you take a short trade


You reverse at grid you don't guess.
  • #13
  • Jun 17, 2017 1:51am Jun 17, 2017 1:51am
Quoting hibra68
{quote} why do you keep assuming that i have to guess the direction?? You take a long trade for example at the grid. You lose you take another long trade you lose again you take a short trade you reverse at grid you don't guess.
this is martinage used in rollet wheel--- gambling...

I chose black randomly 1 usd
win i go back to 1 usd
if i lose i double my bet 2
if i win i return to zero but if i lose
i use 3 and so on


in forex this is meaning killing your account, do not forget the margin
ok

let me explain more

assume your margin is 2.5 usd for 0.01 lot so for 1 lot as you want to trade then margin is 250 usd so each time you trade in wrong direction you will be out of 250 for each 1 lot to the broker

that is meaning

trial 1 for example 1 lot goes wrong ohh your floating loss is 100 point x 1 lot = 100 us and your margin is 250 then your balance will be less by 350 usd,

second trial, you make another buy by let's say 1 lot ( you are still worried from the direction assuming this is true as we are human ) then another 250 margin will be removed and oh my hear the direction is still wrong down then you will loose another 100 usd and another 100 for the first trade
so

your total margin now is 500 usd and your floating loss is 300 total is 800 usd.....

And so on

you say in the 7th trade for example the price will reverse... Wow

do you know how much your floating loss and your margin will be

ok

simple math ( i did not include the spread in my calculations to make your life easier)

7x250 = 1750 margin removed by the broker form your account

floating loss is equal to the sum of the followings assuming you kept 1 lot trade at which it is full of rudeness :
7x100-100 = valid if you assume that the 7th trade will win 100 usd
6x100
5x100
4x100
3x100
2x100
1x100
0x100 = now trade ( at which it will give you 100 +ve profit )

total floating loss is 600+600+500+400+300+200+100 = 2700 usd

total out of your balance is 2700 + 1750 = 4450 usd ( i did not include the spread in my calculations to make your life easier)

so your account must have at least 7500 usd to protect your trades if you use one pair

come on man try to understand this

SO THIS IS MEANING WIN 100 AND RISKING 4450

RATIO IS 100 : 4450

1:44

SO THIS WILL WIPE OUT YOUR ACCOUNT



LOOK TO THE LEFT SIDE ON YOUR SCREEN NOW

YOU WILL SEE 5 GRID THREADS DEAD

TAKE A SNAP FOTO TOO...

Attached Image


I saw in the you tube b4 few days back another trader is swearing by god that within only 130 usd he can make millions if he is using the hedging hog with the martinage as you did...
But he began with 130 usd and his first lot is 2.58 ...................... I can not understand this, \\ it is useless to trade or to see the wrong acts believed by good people like you and me from such newbie


why to invent the wheel while it was being invented by another one....


I will stop here.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #14
  • Jun 17, 2017 2:28am Jun 17, 2017 2:28am
Quoting Samer1970
{quote} this is martinage used in rollet wheel--- gambling... I chose black randomly 1 usd win i go back to 1 usd if i lose i double my bet 2 if i win i return to zero but if i lose i use 3 and so on in forex this is meaning killing your account, do not forget the margin ok let me explain more assume your margin is 2.5 usd for 0.01 lot so for 1 lot as you want to trade then margin is 250 usd so each time you trade in wrong direction you will be out of 250 for each 1 lot to the broker that is meaning trial 1 for example 1 lot goes wrong ohh your...
You actually have to read what I wrote and digest it before you start writing an essay about it.

I never said I'm gonna use 1 lot
I said 1 micro lot
So 1 micro lot is 1000 units= 1$ not 100 dollars
I think instead of trying to prove a point read the OP's post carefully.

And secondly I did say my math was wrong and I never said anything about doubling the trade.

Read carefully please.


I'm trying to develop a system here not argue with you but you have to help me by reading what I wrote first.

Anyway I changed my method and said you reverse the trade after 2 losses and you don't increase your position size (definetly don't double it

lets say you buy--lose, buy---lose than you reverse the trade and sell but don't increase your lot size always the same lot size. ( I already mentioned this before but you never bothered to read it and went on with martingale and all that bs)

tnx
  • #15
  • Jun 17, 2017 10:40am Jun 17, 2017 10:40am
An idea: Don't think in fixed terms, but relatives ones.

* Use TP as a multiplier of SL (R:R ratio).
* Establish SL as a % of ATR, then SL as a % of equity to expose.
* With a good R:R ratio (SL multiplier), flipping a coin to decide de direction of the trade is good enough (with small % of exposure and a lot of trades).

Let's call it "Dynamic Grid". Also, a simple MA for direction will improve this a lot.
Trade, don't bet.
  • #16
  • Jun 17, 2017 4:12pm Jun 17, 2017 4:12pm
Quoting MarketFox
An idea: Don't think in fixed terms, but relatives ones. * Use TP as a multiplier of SL (R:R ratio). * Establish SL as a % of ATR, then SL as a % of equity to expose. * With a good R:R ratio (SL multiplier), flipping a coin to decide de direction of the trade is good enough (with small % of exposure and a lot of trades). Let's call it "Dynamic Grid". Also, a simple MA for direction will improve this a lot.
tnx for your input, i appreciate it.
all valid points.
however, im trying first to figure out a way to survive both ranging and trending markets.
so i have to figure that out first before r:r.
i know the grid is profitable in heavy trends, so the problem is to find a way to at least survive the tight range.
this will be based on how we take trades either at the grid or the dynamic grid.
so if i solve the problem for static grid than we can apply the solution to dynamic grid as well.
i might be able to get my friend to create an ea for this once im done.
im almost there. and dont worry it does not envolve martingale.
  • #17
  • Edited 4:45pm Jun 17, 2017 4:29pm | Edited 4:45pm
The system is excellent. Do not listen to naysayers. It may need tweaks and improvements, but an excellent basic system. If someone runs an Ea and posts results...then we can see how the basic system performs and go from there...add in a tweak like letting the winners run.... Or we can tweak to only take the stop and reverse trades, and only add positions to the reverse of the reverse etc. ....
  • #18
  • Jun 17, 2017 4:51pm Jun 17, 2017 4:51pm
you might want to have a look at a thread by FXTradepro for some inspiration.
he uses a semi-martingale sequence with a 10 pip reversal and TP @ 40 pips.
you have to use larger positions to overcome the losses, but he can go up to 24 reversals with his system.
  • #19
  • Jun 17, 2017 4:54pm Jun 17, 2017 4:54pm
Quoting yonnie
you might want to have a look at a thread by FXTradepro for some inspiration. he uses a semi-martingale sequence with a 10 pip reversal and TP @ 40 pips. you have to use larger positions to overcome the losses, but he can go up to 24 reversals with his system.
https://www.forexfactory.com/showthr...=43221&page=33
  • #20
  • Jun 17, 2017 5:41pm Jun 17, 2017 5:41pm
tnx to all for the responses,

I am still working on it but I do have a friend who can code this for me once its finished.
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