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Thread: mGRID_ver7.0

  1. #11
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    Quote Originally Posted by bnbb2004 View Post
    ES,

    What time frame are you using?

    What kind of results have you been getting?
    This is an indicatorless ea! you can trade on any timeframe you want!
    you can use it on any pair!

    i suggest:
    - pipstep and levels is always to set in relation of the volatility of the pair

    IX

  2. #12

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    it's too early to tell about my results (I have made some changes)...I am using H1...but I am going to switch back to 0.01 lotsize as soon as I can.

    ES


    Quote Originally Posted by bnbb2004 View Post
    ES,

    What time frame are you using?

    What kind of results have you been getting?

  3. #13
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    This EA is interesting you have to be careful however. I have found that you can double your account in a few weeks easy, there have also been times when when my account has blown up this of course was was in my demo account only.

    I guess its all about optimizing it right for the pair and time frame you are trading, if it is not then you could turn a few grand in to nothing in a matter of days or weeks

    I have also found the best pair is EURUSD on the 1 or 5 min time frame!

  4. #14
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    this is wiliama expert and here is where it started
    Williama's Trading System - Forex Peace Army Forum

  5. #15

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    I am just going to go ahead and ask this question here and maybe at FF. At a penny a pip with 1K (IBFX mini Acct. @ 400:1) can I yield 30% per year and have a very small chance of blow up with this EA?

    I am doing the time and forward testing this to answer this question, but can some kind soul save me some time? I am not being lazy and trying to get the answer without testing this myself. I am a conservative trader/investor and would be fine with 30% a year if there was little risk of blow up....

    I am told that martingale can be tamed with money....but that makes the yield on it smaller when using larger initial capital with the same 0.01 lot size. I believe this is just a question of how much money to commit.... The question becomes... "considering the last 10 or 20 years of the EUR/USD what is the exact amount of money that I can commit based on the history to get that 30% yield at 0.01"? I am attacking this in reverse and I do not know if anybody can answer this question.

    Can somebody help me? How much money should I commit without breaking the 30% per year barrier? (assume there is enough capital at my fingertips...but I want its efficient utilization)

    ES

    P.S. I am currently using 0.01 with 1K...this represents a penny a pip and I have 400:1 leverage capacity..also IBFX has the added bonus of counting long and shorts as one unit of leverage). It has only been one day with this new lotsize that I am trying (default on this EA). Today we had HUGE movements as everyone thinks inflation will show its ugly head...so the USD got real weak very fast. This EA loved a day like today. Anyways...the float is very miniscule and it would be hard for me to imagine a period of time with a pattern to blow me up with how I am trading this (viewed with H1 with the default v7 settings at the open post of this thread)...I have scrolled back in the charts to find an extended chop period....but it is hard to figure out.
    Last edited by ElectricSavant; 03-19-2009 at 02:44.

  6. #16
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    I have been testing it for a little while now and have found that the EURUSD 5 min chart is the best, seems to generate consistant profits with DD around 35% max.

    That is using an account balance of $2000 and with lots set at .01, but i have also reduced the pips and take profit target for safety, you make a little less money however you also reduce the DD also.

    On those settings so far i have been able to make around $100 to $200 a week, yes it is not much but so far at least it has been consistant, if you want to increase those returns then you will have to increase lots, that however comes with the problem associated with the DD

    It all comes down to trial and error and what works with your risks and rewards, i am a low risk trader, so i don't really mind an extra $100 to $200 a week for now

    Quote Originally Posted by ElectricSavant View Post
    I am just going to go ahead and ask this question here. At a penny a pip with 1K (IBFX mini Acct. @ 400:1) can I yield 30% per year and have a very small chance of blow up with this EA?

    I am doing the time and forward testing this to answer this question, but can some kind soul save me some time? I am not being lazy and trying to get the answer without testing this myself. I am a conservative trader/investor and would be fine with 30% a year if there was little risk of blow up....

    I am told that martingale can be tamed with money....but that makes the yield on it smaller when using larger initial capital with the same 0.01 lot size. I believe this is just a question of how much money to commit.... The question becomes considering the last 10 or 20 years of the EUR/USD what is the exact amount of money that I can commit based on the history to get that 30% yield at 0.01? I am attacking this in reverse and I do not know if anybody can answer this question.

    Can somebody help me? How much money should I commit without breaking the 30% per year barrier?

    ES

  7. #17

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    wannabe...TY for you response.

    what does TF have to do with it?

    also when thinking in percentages $100 or $200 a week is not the point...

    also...how does this EA handle the weekend gaps? I have not had my first weekend yet...

    again..TY for your kind response.

    ES

    P.S. I am trying to apporoxamate and "dial-in" 30% per year by sizing the balance against 0.01 with the historical data of preferably 10-20 years (can this be done?)...this is reverse thinking, but I would appreciate an answer..

    Quote Originally Posted by wannaberich View Post
    I have been testing it for a little while now and have found that the EURUSD 5 min chart is the best, seems to generate consistant profits with DD around 35% max.

    That is using an account balance of $2000 and with lots set at .01, but i have also reduced the pips and take profit target for safety, you make a little less money however you also reduce the DD also.

    On those settings so far i have been able to make around $100 to $200 a week, yes it is not much but so far at least it has been consistant, if you want to increase those returns then you will have to increase lots, that however comes with the problem associated with the DD

    It all comes down to trial and error and what works with your risks and rewards, i am a low risk trader, so i don't really mind an extra $100 to $200 a week for now
    Last edited by ElectricSavant; 03-19-2009 at 02:10.

  8. #18
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    So far i have had no problem with the weekend gaps, especially on the EURUSD it is very liquid, the reason why am am trading that pair, you might have some problems with other pairs however.

    If i do encounter a problem i will let you know

    Quote Originally Posted by ElectricSavant View Post
    wannabe...TY for you response.

    what does TF have to do with it?

    also when thinking in percentages $100 or $200 a week is not the point...

    also...how does this EA handle the weekend gaps? I have not had my first weekend yet...

    again..TY for your kind response.

    ES

    P.S. I am trying to apporoxamate and "dial-in" 30% per year by sizing the balance against 0.01 with the historical data of preferably 10-20 years (can this be done?)...this is reverse thinking, but I would appreciate an answer..

  9. #19

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    Agreed, I think if the default settings with other pairs were used, there would be problems...I think that you would need to evaluate ADR or ATR and size the levels accordingly....like if guppy is 3 times the ATR of EUR/USD then three times the level spacing should be used to accommodate the increased volatility..

    ES

    Quote Originally Posted by wannaberich View Post
    So far i have had no problem with the weekend gaps, especially on the EURUSD it is very liquid, the reason why am am trading that pair, you might have some problems with other pairs however.

    If i do encounter a problem i will let you know
    Last edited by ElectricSavant; 03-19-2009 at 02:53.

  10. #20

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    So folks...just to reiterate...TimeFrame is just for viewing preferences. You can set it at whatever you want or change it during a trade set....it does not affect v.7

    Some EA's use indicators or ___ trades per bar...v.7 of mGRID does not. The code in v.7 is not taking TF into consideration....it does not matter ...You can select any TF (you can even toggle between TF's) and you will not interfere with v.7 and it will trade the same no matter which TF you choose. ☺

    ES

    P.S. Disregard this post if a new version of this EA is posted here...for example if it uses an indicator as a filter....etc.

    P.P.S. If you trade this system....it is my policy never to use more that 0.01 (penny per pip in an IBFX mini account) with martingale systems....but I realize that some of you trade demo accounts differently from live account to stress the test and to discover a weakness. If you trade this live however...do not use more than 0.01 with 1K and I am not sure if there will be a pattern arriving that will blow you up anyways, even at 0.01 in a mini-IBFX account per 1K....you may need 10K per 0.01...then I do not know if you can yield 3K per year (30%)
    Last edited by ElectricSavant; 03-19-2009 at 12:55.

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