Griddy Wotsit Mk 2

[TraderJoeForex]

...Now what if we had a basket manager that looks at closed trades as well as floating P/L to close the trades that are in draw down if this reaches an acceptable figure relative to the day's profit perhaps that would help us reset the account every day or too at the optimal time to maintain forward progress more safely?

The other thought I had was just activating GW for an hour at the start of the new D1 candle each day. This would limit the trading to a max of one hedged basket to close during that day and since price usually moves far enough one way or the other from the daily open to close a basket this could also be more painless.

Finally as I am also doing some testing with MADDY for MAD-EA what about if we only activated GW for an hour at the start of the new D1 candle each day on a pair we we have a D1 signal to do so. Of course we are now limiting GW's trading massively but with 28 pairs and the pip hungry grid trading monster that GW is...

...Results from my playing last two weeks using various selection criteria for which pairs to trade each day. Same 5pip grid set and I closed most baskets same day whether profit or loss (ignore the two random single trades for EURCAD EURNZD at the top).

Still trying to figure out how to incorporate this safely into my live trading.. Gertje I feel you are on the right track trading from daily open.

[NJM2]

Hey all, first time posting, this thread looks to have been a bit quite recently but didn't want to post on Gertje thread about the daily open and GW as I feel this is slightly off that topic. Something I love about SHF is it's really easy to read through each thread, every post is related to the topic no rubbish.

Have been running GW for a while now and really love the Daily open setup that Gertje is experimenting with.

I have been using it differently, I always trade looking for impulsive vs corrective moves when trading manually and particularly for pullbacks into the 20, 50 EMA and 100 MA during the London session. I have had GWs time set to late at night so he is not doing anything during the day then launching the grid manually with the button that Steve has placed. When I see a corrective pullback into either the 20 or 50 EMA and it looks to me to be finished and staying inside then I launch him. This week I have had less DD doing this as he might only tag 1 or 2 levels one way before the impulse move goes the other and also keeping a low pip/profit target for each basket.

Had such an easy day trading demo today with it using this entry, GW loves pips, so much so that he doesn't care which direction he gets his fix. It is good fun.

GA, GJ, GN, GC, were all trades using Gertjes Daily Open method the rest of the pips were GW doing his thing with me trying to launch him where I thought there could be a strong move or an impulsive move, no trade manager other than the settings in GW himself. There is no way I would would normally make over 600 pips in a day and so far this week I'm up 1404 pips.

Massive thanks to Steve and the other SHF members that make this such a great place.

[TraderJoeForex]

Hey all, first time posting, this thread looks to have been a bit quite recently but didn't want to post on Gertje thread about the daily open and GW as I feel this is slightly off that topic. Something I love about SHF is it's really easy to read through each thread, every post is related to the topic no rubbish.

Have been running GW for a while now and really love the Daily open setup that Gertje is experimenting with.

I have been using it differently, I always trade looking for impulsive vs corrective moves when trading manually and particularly for pullbacks into the 20, 50 EMA and 100 MA during the London session. I have had GWs time set to late at night so he is not doing anything during the day then launching the grid manually with the button that Steve has placed. When I see a corrective pullback into either the 20 or 50 EMA and it looks to me to be finished and staying inside then I launch him. This week I have had less DD doing this as he might only tag 1 or 2 levels one way before the impulse move goes the other and also keeping a low pip/profit target for each basket.

Had such an easy day trading demo today with it using this entry, GW loves pips, so much so that he doesn't care which direction he gets his fix. It is good fun.

GA, GJ, GN, GC, were all trades using Gertjes Daily Open method the rest of the pips were GW doing his thing with me trying to launch him where I thought there could be a strong move or an impulsive move, no trade manager other than the settings in GW himself. There is no way I would would normally make over 600 pips in a day and so far this week I'm up 1404 pips.

Massive thanks to Steve and the other SHF members that make this such a great place.

Brilliant.. this is what it is all about :hi:

[NJM2]

Thanks TraderJoeForex.

Another day and another pip bucket full, although good fun I get more profit just manual trading from the EMAs with a 20pip stop/1% risk/trade manager rather than using GW. He does pull in the pips but the DD is way to high for my taste.

I'll continue with him, helps keep my mind on something else other than open trades and strangely I spot scalps better with him running on demo on one screen and then placing manual trades on my live account. Maybe it's the grid, not sure.

It's incredible how so much of a days success comes down to mindset.

Thanks all.

report07_04_2016.tiff

[TraderJoeForex]

1st week live last week with Greedy Wotsit 24/7 on GJ and VERY conservative settings..

Steve can I suggest updating post 1 here with the EA developments from the daily open thread for anyone silly enough to try this 24/7 like me

[TraderJoeForex]

Thanks to Griddy being Greedy...

that feeling ... when you think you really do have it covered!