Euro Grid by Dietmar

[denozi]

Hi Professional,

I have just download indicator (EuroGrid v.4) you have posted, i have tried several time to load it into my MT Chart but it does not work. Why ?? please be so kind enough to explain it to me. Please help me with this.
Thank you and best personal regards
DenOzi

[
quote="DragosDanescu"]SERIOUS WARNING

* Most Forex traders lose all their money.
* Using the robot posted here in trading Forex does not guarantee success.
* Trading this robot could lead to serious financial loss.
* Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
* This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
* At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
* To trade this robot, you have to understand:
* How to use EA's.


DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.

Essential posts to read

A description of Dietmar strategy can be found here http://www.stevehopwoodforex.com/phpBB3 ... f=16&t=101. I basically add almost everything that comes to my brain tonight to the EA options, but new ideas are always welcome.

As a summary:
* option to send NewGrid, even the previous one is not closed yet;
* Different Level Lots, considering Base as reference price(Close of the trigger candle), lots are multiplied for every Level, until TP.I think EA inputs are self explanatory;
* Use Martingale, in the orders sequence.If a level is touched by price once, lotsize is starting size, if opposite level touched, the Martingale starts, and so on.It activates only on touching the opposite level.
CAUTION! Even it can be used simultaneously with Different Level Lots, I DON'T ADVISE this, as lotsize can reach huge values really fast.Use them at your own risk.
* User configurable info display, can be turned off.

UPDATE 1 dec 2011
*Fixed bugs about order selection, deleting pendings left and some other bugs;
*Fixed routine to postpone a new grid up to 5 days from the initial one, if the initial one is not yet closed.(That would be a real problem if happens)
*Also, improved user display, so EA will show it's trading status.
*Any TIME input is corresponding to criminal time now, to avoid confusion.Grid start time must be converted to GMT.

UPDATE 6 dec 2011
*Trading times removed.
*Added LevelOffset dinamic calculation based on previous day range.If that is greater than the fixed value, and previuos day range > 80 pips(just a guess), EA will use dinamic value.
*Also hope I solved issues of not launching pending grid orders.
*EDITED: Also implemented option to increase lotsize of next opposite grid trades, if number of open trades(market orders) is above a selected value.That's TradesNo and LotsIncrease options.

UPDATE 7/8 dec 2011
*Added Variable SL options.Those are as follows:
--> UseFixedStop. Selecting this option as true, sets a fixed level for SL for all levels of the grid, but, instead of the original strategy, you can select which of the 4 levels(3 order levels + TP level) you wanna use as SL for opposite orders. Example: we set StopLevel at 2(meaning opposite Level 2 of grid);all but orders will have SL at level 2 of sell grid(instead at sell TP), reverse for all sell orders; setting StopLevel at 4, results in original strategy SL.
Cannot be used together with UseDynamicStop, also cancels original SL strategy.
--> UseDynamicStop. Selecting this as true, sets a fixed value for SL, value corresponding to a certain level of the grid, BUT the value is the same for all grid levels. Example: with UseDynamicStop = true, we set StopLevel at 2; 1st buy pending will have SL at level 2 from sell grid(that means also a difference of 3 LevelsOffset, so, basically, for each buy order, SL = 3*LevelsOffset). 2nd buy order will have SL at level 1 from sell grid, 3rd at Base(Base meaning the reference price level of grid = close of 6:45 candle). Reverse for the sell grid.
Cannot be used together with UseFixedStop, also cancels original SL strategy.

If both are set as false, EA will use original SL strategy, which is TP of opposite pending grid.

I have applied same logic for TP in the v.4. It's just a difference: UseFixedProfit and it's value ProfitLevel, means at x LevelsOffset form the open price of the highest/lowest order in grid.

Those been said, have fun!

Dragos[/quote]

[forextrader-radioman]

(Denozi and I switched over to email communication)

, Dietmar

[ridge]

i have the eurogrid running in live account and when i added a new ea to the library in the Empty4 i closed and reopen inmediately for the metarader to recognize the new ea and i found that all the open trades and orders were closed ......is that normal?
so if theres a microdisconection of the platform (oanda) everything closes in the eurogrid?

[forextrader-radioman]

Hello dear ridge,
well, I see that here, too ... but I am not a coder, so I can not fix it.

We have now a improved version here, now EA can start the grid when price is at (price):

http://www.stevehopwoodforex.com/phpBB3 ... f=16&t=101 (go to the latest posts)

I wish you and yours merry xmas,
Dietmar