Page 1 of 5 123 ... LastLast
Results 1 to 10 of 46
 1 Attachment(s)    

Thread: mGRID_ver7.0

  1. #1
    Junior Member
    Join Date
    Jan 2009
    Posts
    3

    Default mGRID_ver7.0

    Expert on remitted warrant
    Attached Files Attached Files

  2. #2

    Default

    what is a remitted warrant?

    ES

    Quote Originally Posted by mik69 View Post
    Expert on remitted warrant

  3. #3

    Default

    How does it work?

    Pairs?
    Time frame?

  4. #4
    Junior Member
    Join Date
    Jan 2009
    Posts
    19

    Default

    Hi,

    You can read about it & see people's results here: 100% Win Math Grid Ea

    The best description of the strategy is in post #1.

    It's an interesting system, but there are some caveats...as you will see in the thread.

  5. #5

    Default

    I have been watching this EA trade all day on my demo account and else it is brilliant or we have had a choppy day...I have not quite figured this out...

    I am going to bump up to 0.30 from 0.01 to make things clearer...(if I am not mistaken with my math, the hedged float can be handled with a 400:1 IBFX mini acct.)

    I am glad this is a demo as I have no idea what I am doing and 0.30 seems so scarey on a 1K mini IBFX acct.

    ES

    Late Edit: This lotsize of 0.30 is a mistake...0.01 per 1K may even be too much!
    Last edited by ElectricSavant; 03-19-2009 at 23:46.

  6. #6

    Default

    Can someone tell me what remitted warrant is...can v7 trade on a live account? Is there an expiration date?

    ES


    Quote Originally Posted by ElectricSavant View Post
    what is a remitted warrant?

    ES
    Last edited by ElectricSavant; 03-18-2009 at 00:46.

  7. #7

    Default

    I found this buried in the FF thread (those threads are entirely too long there most of the time) which helped me to understand this EA....But I had it right...its all about margin...a 400:1 IBFX mini account seems to be optimal to crank out some exposure and make the numbers larger...

    v7 seems to default to a nice size optimal grid width with three spaces within it....each pair will need a different set file...but the current default settings seem to be good for EUR/USD.

    ES


    -- The TP for the sell orders, and SL for the buy orders, are at the same point: 140 pips (i.e. 4 x the increment) below the price at the time the original buy/sell orders were created.

    -- The TP for the buy orders, and SL for the sell orders, are at the same point: 140 pips (i.e. 4 x the increment) above the price at the time the original buy/sell orders were created.



    -- When price reaches the upper TP/SL point, there will always be more buy orders open than sell orders, hence profit is guaranteed.

    -- When price reaches the lower TP/SL point, there will always be more sell orders open than buy orders, hence profit is guaranteed.

    As long as price reaches one of these levels before the account runs out of available margin, each set of trades is guaranteed to win.
    Last edited by ElectricSavant; 03-18-2009 at 01:30.

  8. #8
    Member
    Join Date
    Jan 2009
    Location
    Austria
    Posts
    325

    Default

    Quote Originally Posted by ElectricSavant View Post
    Can someone tell me what remitted warrant is...can this trade on a live account? Is there an expiration date?

    ES
    ES, normaly warrants are options, in this case i think we can understand it is a guaranteed profit which is "forwarded" "remitted" to your account, like remit money, remit a debt, "to remit" - but maybe a wrong assumption

    IX

    Edit: after investigating the code, its a very intelligent martingale pyramid system, it is always profitable depending on the gridsize settings. but as all matingales, with wrong settings once a day you wipe your account
    to optimize:
    - basket trading, for max dd
    - quarter trading
    - average daily indicator to set automatically the grid size = ranging market (gridsize 15-20m max level 2) trending market (gridsize 40-50m max level 3) high volatile pairs, medium pairs (gridsize 30-40m max level 3)
    - recoding the lot size management

    ps i like this concept, very intelligent and dangerous :-) but not the lot size management, maybe i have some time, to recode some portions
    Last edited by ixbone; 03-18-2009 at 01:43.

  9. #9

    Default

    I now think the default of 0.01 is best for a 1K IBFX mini account (my math was way off in post #5)....

    ES
    Last edited by ElectricSavant; 03-19-2009 at 23:47.

  10. #10

    Default

    ES,

    What time frame are you using?

    What kind of results have you been getting?
    Last edited by bnbb2004; 03-18-2009 at 03:51.

Tags for this Thread

100, advisor, average, bonus, breakout, brokers, change, color, demo, eur, eur/usd, eurusd, expert, experts, grid, grid ea, hedge, high, historical, indicator, indicators, live, live account, low, magic, magic number, managed, martingale, nfa, profit, profitable, real, stop, strategies, strategy, system, systems, test, thank you, time, trader, trading, trading system, trend, usd

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •