I'm also having great results demoing this ea. A 1000 usd account is now 4200 usd in about a month, trading eur/usd and eur/gbp 1M.
yeh sure its the 2000pips daily ea
i'm using alpari , and a 0.05 starting lot size.
although i'm gonna start using this version soon which is ECN compatible:
does anyone has some ideas to prevent the accumulation of consecutive orders stacking against us during period of "deep trend"?
As well, does anyone has suggestions to modify a little the "grid strategy" such as a BluStrader strategy for example ?
As well, does anyone already thought of increasing the number of lots based on certainty (for example, why not opening more lots if multiple indy lead to a deep trend)?
Finally, does anyone though of dynamically adjust the gird based, for example, on volatility ?
I will have some time to code a little over the next few weeks and I'm looking for ideas other than mines to open things up.
hI xMPH and all of you intersted in this ea
If you look at my previous posts u can see that i asked funyoo to add different lot size of buy and sell orders for each level. This way when ur buy orders go deep u can increase the sell order opening lot and control the draw down. and vice versa. If u look at version 1.2 u can see funyoo actually coded this request. Unfortanatley when i put different values for buy and sell for different levels the ea goes wild on level 4 so i couldnt use this version. But this is the right way of controling FREE MARGIN during deep trends untill they reverse. Right now i am using the original version of this ea since 19 april on a live CENT account . started with $1000 and till now made profit 470$ . right now open trades p/l is -226$ and free margin is 628%.(1:200) Max draw down was 29% till now but i am sure it can and will go deeper. i use it on 19 pairs with 0.1 starting lot. (remeber it is a cent account) so on regular account u need 100K to use it with 0.1. Anyway ,after many test here is my set for this ea :
lots=0.1 tp 30 step1=30 tp1=30 step2=45 tp2=45 step3=60 tp3=60 step4=90 tp4=90 step5=90 tp5=90 step6=135 tp6=135 step7= 150 tp7=150 step8=200 tp8=200 step9-step20 300 with tp of 300 TRADING 24HR WITH MACD FALSE.
multiplayer in the origanal version is hard coded to 2.0 and cant be changed
U must add 40% to the settings above for each step for all highly voltile pairs such as gbp/jpy gbp/chf etc
Beyond step 7 i recommend remooving the ea and take control of the trade manually ... another good thing is to keep at least 500 usd ready for deposit to the account if free margin falls under 300% once margin is up again you should withdraw it back .
Its one hell of a risky ea but fun to watch it trade and if u have enough $$$$ to keep feeding it during big trends or hedge correctly i think you can survive and even make a nice profit.
Can you please elaborate on the purpose and application of controlling the lot sizes during "deep Trending" ? My purpose is indeed to automate this. I will go through your posts again maybe I missed something.
How much do you increase sell lots if going deep on buy ? What is the criteria for defining such a deep trend ? (volatility, Drawdown ...) If this is handled in an automatic way, you could even get an email that ask whether or not you are willing to add more $$ to support a big DD. Have you thought of increasing the lot size based on the blueStrader strategy?
Do I understand well thinking you are using the MACD filter OFF (if you buy&sell at the same time) ?
do you trade on ibfx ? That's the only good cent broker I know of. I'd be happy to get to know some more.
That's a lot of questions, but basically this is what I need to further code anything.
PS: I will check the 1.2 code to see the issue you mention. I'm using 1.2 with no apparent prob. Do you have an example ?