What are you guys using for stop loss, (in terms of US$ or Pips)???
Im using an average of USD 180 EquitySL (which would equate to around 1800 pips) that hasnt been hit yet, but I'm not sure if this is too high or low to be profitable in the long run.
Any suggestions?
Diego
GridDancer / GridMaster
- renexxxx
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Not sure. I've disabled the EquitySL and I'm using the Max Currency Exposure filter in order not to get into a massive drawdown. If/when the filter kicks in, the dancers are basically waiting for the tide to turn. That's the theory at least, time will tell if this survives everything the market throws at it. Key is not to be greedy and not to over expose.acostafulano » Sat Nov 19, 2016 1:41 am wrote: Any suggestions?
Here is my update for the week: At some point it showed a scary 3% drawdown, but up to now, it has always been able to recover.
Have a good weekend!
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Here is my update on 18 pairs. It is doing well but not as good as Rene because I have had more loss pairs in the basket. The GBP pairs, except GBPJPY which is very profitable, caused the drawdown and lower profit. So I think in a live account, we should avoid the GBP pairs including GBPUSD, except GBPJPY.renexxxx » Sat Nov 19, 2016 3:35 am wrote: Not sure. I've disabled the EquitySL and I'm using the Max Currency Exposure filter in order not to get into a massive drawdown. If/when the filter kicks in, the dancers are basically waiting for the tide to turn. That's the theory at least, time will tell if this survives everything the market throws at it. Key is not to be greedy and not to over expose.
!
The drawdown yesterday was caused by GBPNZD but dancer recover very well.
Next week, I will start a new test only on profitable pairs from the 18-pairs test and then I can compare results with Rene's standard pair set.
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There are new versions of GridMaster (version 1.9) and HGIDancer (versioni 1.4) in Post 1 of this thread.
These updates are all about the automatic sizing of various parameters, in relation to the account's available equity.
For GridMasterv1.9 we now have the parameters:
For HGIDancerv1.4 we have two new/changed parameters:
It would make sense to set the Max Currency Exposure / Equity and LotEquityRatio the same for each HGIDancer, although you have the flexibility not to.
Have fun, I know I will.
These updates are all about the automatic sizing of various parameters, in relation to the account's available equity.
For GridMasterv1.9 we now have the parameters:
- BasketProfit / Equity: (Default: 0.0001). If the account equity is $10,000, BasketProfi6t will be calculated as $10,000 * <the value of this parameter>
- MinProfit / Equity: (Default: 0.00005). Similarly, for a $10,000 account, MinProfit will be $10,000 * <the value of this parameter>
- EquityTP / Equity: (Default: 0.0005). You get the idea.
- EquitySL / Equity: (Default: -1.0). Same here. A negative value means: disable this function.
For HGIDancerv1.4 we have two new/changed parameters:
- Maximum Currency Exposure / Equity: (Default: 0.00002) The default value makes the MaxCurrencyExposure 0.20 for an account of size $10,000, which seems right.
- LotEquityRatio: (Default: 0.000005 (five zeroes behind the decimal point). This gives a base lot size of 0.05 for a $10,000 account. The calculated lot size will always be rounded to the nearest multiple of MINLOT.
It would make sense to set the Max Currency Exposure / Equity and LotEquityRatio the same for each HGIDancer, although you have the flexibility not to.
Have fun, I know I will.
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Hi Rene, just wonder should the default values for BasketProfit, MinProfit and EquityTP be 0.001, 0.0005 and 0.005 respectively for a $10,000 account. Please accept my apology if I am wrong !renexxxx » Sat Nov 19, 2016 5:16 pm wrote:
For GridMasterv1.9 we now have the parameters:
- BasketProfit / Equity: (Default: 0.0001). If the account equity is $10,000, BasketProfi6t will be calculated as $10,000 * <the value of this parameter>
- MinProfit / Equity: (Default: 0.00005). Similarly, for a $10,000 account, MinProfit will be $10,000 * <the value of this parameter>
- EquityTP / Equity: (Default: 0.0005). You get the idea.
- EquitySL / Equity: (Default: -1.0). Same here. A negative value means: disable this function.
Cheeers !
kwchau
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You are absolutely right! I added too many zeroes in my enthusiasm. Just re-download GridMasterv1.9 from Post 1.kwchau » Sat Nov 19, 2016 9:23 pm wrote: Hi Rene, just wonder should the default values for BasketProfit, MinProfit and EquityTP be 0.001, 0.0005 and 0.005 respectively for a $10,000 account.
Great spot, kwchau, and thanks for letting me know
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You have good reason to be enthusiastic. GridDancer is getting better and better with your perseverance.renexxxx » Sun Nov 20, 2016 3:47 am wrote: You are absolutely right! I added too many zeroes in my enthusiasm. Just re-download GridMasterv1.9 from Post 1.
Thank you very much for sharing it with us
cheers,
kwchau
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Thanks Rene, for the updated EA. Sounds like a well thought out upgrade.. Thanks Mate,
Sara
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Thanks Rene , it just keeps getting better
Ray
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Hello Rene,
I've noticed something that has left me confused.
Just to note: My demos of HGI GM are doing great, but I'm seeing some behaviour that I would like to check with you, just to make sure that I'm understanding correctly what is going on with the trading of this little awesome beast you have created
Please look at my current demos:
https://www.myfxbook.com/portfolio/1g-h ... -1/1853941
https://www.myfxbook.com/portfolio/3g-h ... -2/1853943
If you go through the history of closed trades, you will notice that it has been over 24hrs since the time of last closure, and if you scroll back through the last closures that the EA has done, you will notice that basically all of them correspond to the respective "EquityTP ($8 and $12 respectively), and not the "MINPROFIT" $1 and $2 respectively that the EA is supposed to be doing.
Additionally, if you go to the open trades you will notice as well that there are many combinations of winning+losing trades that could be being closed out for the "minprofit" of $1 and $2 respectively.
note: Im trading HGI Dancer 1.1 and GM 1.8
Now, I may be understanding the logic completely wrong, but is the bot not supposed to be doing very tiny closures along the way in order to keep DD controlled (as the Balance/Equity charts posted by lots of guys here correctly depict?)
Even though my demos are running great, I would still understand exactly how the closure logic works in order to be more comfortable when going live eventually.
Thanks and sorry if this is a misguided post
Diego
I've noticed something that has left me confused.
Just to note: My demos of HGI GM are doing great, but I'm seeing some behaviour that I would like to check with you, just to make sure that I'm understanding correctly what is going on with the trading of this little awesome beast you have created
Please look at my current demos:
https://www.myfxbook.com/portfolio/1g-h ... -1/1853941
https://www.myfxbook.com/portfolio/3g-h ... -2/1853943
If you go through the history of closed trades, you will notice that it has been over 24hrs since the time of last closure, and if you scroll back through the last closures that the EA has done, you will notice that basically all of them correspond to the respective "EquityTP ($8 and $12 respectively), and not the "MINPROFIT" $1 and $2 respectively that the EA is supposed to be doing.
Additionally, if you go to the open trades you will notice as well that there are many combinations of winning+losing trades that could be being closed out for the "minprofit" of $1 and $2 respectively.
note: Im trading HGI Dancer 1.1 and GM 1.8
Now, I may be understanding the logic completely wrong, but is the bot not supposed to be doing very tiny closures along the way in order to keep DD controlled (as the Balance/Equity charts posted by lots of guys here correctly depict?)
Even though my demos are running great, I would still understand exactly how the closure logic works in order to be more comfortable when going live eventually.
Thanks and sorry if this is a misguided post
Diego
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