GridDancer / GridMaster

[retireme]

Rene,

Extremely clever and working flawlessly with regard to the logic. Reached its equity level, closed everything and started afresh.

Thank you
RM

[tonyharmony]

Thanks for the update Rene... Love the new look GridMaster. Just set everything up now, (thanks to me ol'mate RM for updating me!) Looking forward to seeing how it handles the news shortly...

Cheers
Tony

[taipan]

Thank to Renexxxx to come up with this amazing EA. Will try on demo and report the result on weekend.

[retireme]

Rene,

Extremely clever and working flawlessly with regard to the logic. Reached its equity level, closed everything and started afresh.

Thank you
RM

Bloody amazing, as above then 2 manual interventions at 50% of the equity target and we have 1.17% and 0.24% DD. It made it through the RED news with flying colours and that "Rinse 'n Repeat" button is pure magic.

[Wavegarrick]

Hi Rene,

The next step? To get these directional biases from MADDY

I like the way this is heading...you have my attention

Tc

[renexxxx]

I can see trades in test strategy but not live any ideas?

The strategy is not ready yet for live trading. However, it's up to you of course.

You may have set the MaxSpreadPips too tight for a live environment.

R.

[SteveHopwood]

One way or another, I have thrown my weight around her at SHF tonight.

I remind people that SHF is not a democracy. It is a meritocracy. Dimwits are not welcome.

Assume I think you are a moron if your post has disappeared here tonight. You might be one of the lucky ones still allowed to post - that depends on how daft your post was. Unlucky ones who really irritated me - you are stuffed.

[szfxtrader]

Hi Rene,

The next step? To get these directional biases from MADDY

I like the way this is heading...you have my attention

Tc

+1 for this. : )

[szfxtrader]

See Post 1 for a new version of this pair of EAs.

Update(s)
GridMasterv1.1
There is now a little dashboard, that displays your progress towards the next Rinse-n-Repeat cycle. We have established that we are not interested in balance, but in equity. At the start of each cycle (which is defined by the fact that no trades (with the given Magic Number) are open), GridMaster draws a line in the sand with the current equity as base line value. Grid Master will continue to do its job of closing the biggest losing trade, together with a set of winners, until either EquityTP (formerly named MinEquityIncrease), or EquitySL is reached. At such time, Grid Master will tell all the dancers to Rinse-n-Repeat. Nothing new here, except for the EquitySL. Both EquityTP and EquitySL can be switched of (i.e. disabled) by giving them a negative value. What is new, is that Grid Master now displays the starting equity, the current equity, the target equity and the percentage of progress towards that target equity. In addition, there are two buttons, a 'Rinse-n-Repeat' button and a 'Rinse-n-Remove' button. These buttons send a message to the dancers to close all their trades and re-initialize their starting anchor price and grid level. In addition, the Rinse-n-Remove button also instructs the dancers to remove their EA from their charts. This might be useful on a Friday night if you don't want to recommence a new cycle. There is a parameter called RinseConfirm that, if set to true, asks the user to confirm the rinse-action.

GridDancerv1.1
Not much new here, except that there is now a MaxSpreadPips parameter. If/when Grid Dancer reaches a new grid level, a trade is only opened at that level if the current spread is below the specified MaxSpreadPips parameter. Note that the grid level is still altered (increased or decreased) irrespective whether a new trade was opened or not, so we could be missing trades at certain levels if the spread was too high. There is also a new parameter called DirectionBias, that can be set to either of the following (1) Don't trade (2) Only trade UP (3) Only trade DOWN (4) Trade both directions. The latter value is the default. So, due to this setting, we can miss SELL trades (if we only trade UP) and we can miss BUY trades (if we only trade DOWN). I haven't tested this setting much, but it is something to play with. The next step? To get these directional biases from MADDY.

Have fun, and please don't forget to report your results and which pairs are good to run this on.

Thank you very much!

[szfxtrader]

Hi Rene, what do you think about a MaxTradesAllowed option for GD?