Gridtrading from daily open

Post Reply
User avatar
Gertje
Trader
Posts: 1936
Joined: Mon Dec 12, 2011 1:17 pm
Location: Middle of the Netherlands

Gridtrading from daily open

Post by Gertje »

It seems we don't need a trademanager today.... :jump:

If the basket won't close by itself today, I plan to do the following;
- When in loss, delete pendings before rollover and send a new grid after rollover.
- When in profit, close all before rollover and start again.

If the basket is in loss, sending a new grid will hedge any open orders that are against tomorrows direction, and will reinforce any open orders that are going with tomorrows direction.

Time will tell......
User avatar
Gertje
Trader
Posts: 1936
Joined: Mon Dec 12, 2011 1:17 pm
Location: Middle of the Netherlands

Gridtrading from daily open

Post by Gertje »

I did what I said, delete the pendings and resend the grid using the new buttons.
It didn't matter much, GW just put the old pendings in place, leaving the 'gap' with the open trades without pendings. One day it might be better this way, the other day not. We will see moving forward.
GBPJPYH1.png
You do not have the required permissions to view the files attached to this post.
User avatar
SteveHopwood
Owner
Posts: 9904
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Gridtrading from daily open

Post by SteveHopwood »

Gertje » Tue Mar 29, 2016 10:28 pm wrote:I did what I said, delete the pendings and resend the grid using the new buttons.
It didn't matter much, GW just put the old pendings in place, leaving the 'gap' with the open trades without pendings. One day it might be better this way, the other day not. We will see moving forward.
GW does what GW does. This might not be what you need.

:xm:
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
User avatar
TraderJoeForex
Trader
Posts: 1157
Joined: Fri Mar 08, 2013 10:29 pm
Location: South London

Gridtrading from daily open

Post by TraderJoeForex »

SteveHopwood » Tue Mar 29, 2016 9:29 am wrote:Gertje, I had the same problem with MPBM yesterday - it was calculating the jumping stop but did not close the position when the pips count dropped below the JS.

I had a look at the code - familiar as Paul took most of it from MPTM. The JS feature will only work after breakeven has been set. Also, mpbm was intended for use with baskets of market trades and so would not have deleted the outstanding pendings.

Attached is a version that should delete the pendings as well in the JS function - I have not looked anywhere else. The inputs are already coded for a BE at 100, locking in 20. See if it does the trick. I have it running on my demo, so we will soon know.

:xm:

Thanks for this Steve.. and I like the idea Gertje so now giving this approach a test too.
User avatar
Gertje
Trader
Posts: 1936
Joined: Mon Dec 12, 2011 1:17 pm
Location: Middle of the Netherlands

Gridtrading from daily open

Post by Gertje »

Well, picked exact the right moment to test this strategy... :arrrg: :arrrg:

On the other hand, it's just a waiting game to see when the basket closes.
Maybe tomorrow, Friday, next week?
:smile:
User avatar
TraderJoeForex
Trader
Posts: 1157
Joined: Fri Mar 08, 2013 10:29 pm
Location: South London

Gridtrading from daily open

Post by TraderJoeForex »

Gertje » Wed Mar 30, 2016 2:18 pm wrote:Well, picked exact the right moment to test this strategy... :arrrg: :arrrg:

On the other hand, it's just a waiting game to see when the basket closes.
Maybe tomorrow, Friday, next week?
:smile:
...I never was much good with timing :lol:

Although it looks like it's just price consolidating around and showing 162 as major resistance. If tonight's close is below then tomorrow (should :D ) be DOWN.
You do not have the required permissions to view the files attached to this post.
User avatar
Gertje
Trader
Posts: 1936
Joined: Mon Dec 12, 2011 1:17 pm
Location: Middle of the Netherlands

Gridtrading from daily open

Post by Gertje »

I have been watching all day, have 3 setups; GBPJPY, GBPNZD and GBPAUD. All went down initially, but came back up. Did't cross yesterday's high though.

GBP National bank chief Carney speaks in little over 2 hours, might cause some movement......
User avatar
Gertje
Trader
Posts: 1936
Joined: Mon Dec 12, 2011 1:17 pm
Location: Middle of the Netherlands

Gridtrading from daily open

Post by Gertje »

Had a look again, didn't cross today's high eather.
At 21:00 (my time, in 1:45) "they" will spike the spread, triggering pending buys and fall of a cliff in a split second.
If just I had the balls to close the open buys...... :arrrg:
User avatar
TraderJoeForex
Trader
Posts: 1157
Joined: Fri Mar 08, 2013 10:29 pm
Location: South London

Gridtrading from daily open

Post by TraderJoeForex »

Gertje » Thu Mar 31, 2016 5:18 pm wrote:Had a look again, didn't cross today's high eather.
At 21:00 (my time, in 1:45) "they" will spike the spread, triggering pending buys and fall of a cliff in a split second.
If just I had the balls to close the open buys...... :arrrg:
... both the 2 period weekly and monthly tma slopes are down so that's my bet too... but remember we are looking at hedged grids for a reason :smile:
User avatar
TraderJoeForex
Trader
Posts: 1157
Joined: Fri Mar 08, 2013 10:29 pm
Location: South London

Gridtrading from daily open

Post by TraderJoeForex »

TraderJoeForex » Thu Mar 31, 2016 5:41 pm wrote:
... both the 2 period weekly and monthly tma slopes are down so that's my bet too... but remember we are looking at hedged grids for a reason :smile:

... when I look back on a D1 chart I totally get all the "naked" traders... why is never the same going forwards?!
Post Reply

Return to “Automated trading systems”