Another Grid Trader!!

[Anpar]

Hi,

I decided to remove my myfxbook links as they are not part of the prescribed method, I will be publishing a new 4h TF link, once I have one set-up.

Anpar

[dudest]

Hi Dudest,

I've been trading live with ICMarkets for the last 3 years, all my demos are with these guys.

EURTRY current spread is around 9, but it will jump to 25 plus at NY close
EURZAR current spread is around 50, but hovers around 20 and can go as high as 100 after NY close.

If you look at my results, spread is not really a big factor. With spreads so high, how can I trade lower time frames or am I.

You're right. Dollar profit for those pairs confirms that the movement (earnings) more than makes up for the spread. Was just curious, thanks for the feedback

Cheers

[HannesJoubert]

Hi Anpar,
Many thanks for your advice re EURTRY and EURZAR I shall test these out. Yep, we are all welcome to test out this EA and find different options depending on your appetite etc. I only recommended the 4hr TF because it works over and over and as you will find the shorter TF's will basket close you with losses. Obviously i don't care what TF you use, just don't complain here about steps not working or baskets closing in losses with other TF because with 4hr TF this system is stable and very successful.

Regard, Charles

P.S. EURZAR is not hard coded into Magic Number system, so best to put Magic number above 50.

Hi there Charles, if we do not change the magic number for these exotics, will the EA still trade them? I'm sorry, I don't really understand the whole magic number thingy...

Thanks, Hannes

[CharlesKiwitrader]

HI Hannes,
Magic number works so each currency has its own unique number for that trade station. The EA needs a magic number so if you are running multiple EA's on the one trade station there won't be any magic number conflicts, and with conflicts you get the EA behaving badly - closing trades early, or two currencies closing the trades at the same time if both numbers are the same. There are many many different ways for the magic number to work from asking the EA for a random number for each currency or by how my ea was designed (by someone else) as I show you via code underneath. There is a reason why some exotics have not been coded in and that has either been because of forgetfulness or very high spread. Given that this EA works on a long term basis the spread shouldn't play too big a part in the overall profitability etc. I hope the code posted underneath shows how the magic number works and shouldn't go against the decompile issues that this EA has (stolen property etc). Also, if there are enough requests I can add more magic numbers into code as there are a handful I have not added.

Enjoy the journey as this EA has let me do that.
Regards, Charles.

Code: Select all

if(MagicNumber<=0)
     {
      if(Symbol()=="EURUSD")MagicNumber=1;
      else if(Symbol()=="AUDUSD")MagicNumber=2;
      else if(Symbol()=="GBPUSD")MagicNumber=3;
      else if(Symbol()=="NZDUSD")MagicNumber=4;
      else if(Symbol()=="USDCAD")MagicNumber=5;
      else if(Symbol()=="USDCHF")MagicNumber=6;
      else if(Symbol()=="USDJPY")MagicNumber=7;
      else if(Symbol()=="AUDJPY")MagicNumber=8;
      else if(Symbol()=="CADJPY")MagicNumber=9;
      else if(Symbol()=="CHFJPY")MagicNumber=10;
      else if(Symbol()=="EURJPY")MagicNumber=11;
      else if(Symbol()=="GBPJPY")MagicNumber=12;
      else if(Symbol()=="NZDJPY")MagicNumber=13;
      else if(Symbol()=="SGYJPY")MagicNumber=14;
      else if(Symbol()=="EURAUD")MagicNumber=15;
      else if(Symbol()=="EURCAD")MagicNumber=16;
      else if(Symbol()=="EURGBP")MagicNumber=17;
      else if(Symbol()=="EURNZD")MagicNumber=18;
      else if(Symbol()=="EURTRY")MagicNumber=19;
      else if(Symbol()=="AUDCAD")MagicNumber=20;
      else if(Symbol()=="AUDNZD")MagicNumber=21;
      else if(Symbol()=="AUDCHF")MagicNumber=22;
      else if(Symbol()=="NZDCAD")MagicNumber=23;
      else if(Symbol()=="NZDCHF")MagicNumber=24;
      else if(Symbol()=="USDNOK")MagicNumber=25;
      else if(Symbol()=="USDZAR")MagicNumber=26;
      else if(Symbol()=="USDDKK")MagicNumber=27;
      else if(Symbol()=="USDHUF")MagicNumber=28;
      else if(Symbol()=="USDNOK")MagicNumber=29;
      else if(Symbol()=="USDPLN")MagicNumber=30;
      else if(Symbol()=="USDSGD")MagicNumber=31;
      else if(Symbol()=="USDSEK")MagicNumber=32;
      else if(Symbol()=="USDZAR")MagicNumber=33;
      else if(Symbol()=="GBPAUD")MagicNumber=34;
      else if(Symbol()=="GBPCAD")MagicNumber=35;
      else if(Symbol()=="GBPCHF")MagicNumber=36;
      else if(Symbol()=="GBPNZD")MagicNumber=37;
      else if(Symbol()=="XAUUSD")MagicNumber=38;      
      else if(Symbol()=="XAGUSD")MagicNumber=39;
      else if(Symbol()=="XTIUSD")MagicNumber=40;
      
      else {
           }
     }
     pref="916"; //this prefix in all this EA magics
     string pair=DoubleToStr(MagicNumber,0); //unique magic for the current pair
     string mag=StringConcatenate(pref,pair);
     MagicNumber=MathFloor(StrToDouble(mag));
     setlabel(0,"RSILBL","RSI: ",X,Y,TextColor);
     setlabel(0,"OpenProfitLBL","Open Profit: ",X,Y+Ystep,TextColor);
     setlabel(0,"HistoryProfitLBL","History Profit: ",X,Y+Ystep*2,TextColor);
     //setlabel(0,"AccountPrcntInUseLBL","Account % In Use: ",X,Y+Ystep*3,TextColor);
     //setlabel(0,"AccountPrcntInUseAllLBL","Account % In Use All Trades: ",X,Y+Ystep*4,TextColor);

[AGT]

Obviously the SEBGRID is now in big big trouble !
All 3 versions are going out of steam ?
Time to say good by !

Bcz only results of continously trading are a proof - I have no hope for this ... sad but true !

[HannesJoubert]

Obviously the SEBGRID is now in big big trouble !
All 3 versions are going out of steam ?
Time to say good by !

Bcz only results of continously trading are a proof - I have no hope for this ... sad but true !

Yip, it has been difficult, but, I feel that this might be good, so that we can see how the EA performs during these "difficult" periods. The question might be how much equity is enough to trade with this EA successfully? Example, my "aggressive" version of the EA, using higher lots has / is pretty much cooked, but, the other more conservative version is still going on...so, we will see I suppose.

H

:hi:

[SpiderX]

Yip, it has been difficult, but, I feel that this might be good, so that we can see how the EA performs during these "difficult" periods. The question might be how much equity is enough to trade with this EA successfully? Example, my "aggressive" version of the EA, using higher lots has / is pretty much cooked, but, the other more conservative version is still going on...so, we will see I suppose.

H

:hi:

Grid EA and Trend dont go hand in hand.

Cheers

[AGT]

Honestly to say - I look at all this without any emotions. ONLY results itself are importent ! :youknow:
AND: getting bad results like now is a sign for abandoning the bot, bcz sooner or later the time will come it will go deeper and deeper into DD's until getting the MC ! Have no confidence in bots after getting results like these now bringing the SEBGRID in serious trouble ... even if the acc will survive: I'm in doubt ! AND: where are a lot of other oportunities out here !
OR: is where any really strong argument or reason verifying a superiority of the SEBGRID ? If yes - any further testing is worth it ! :hi:

[AGT]

@Spider X - the Matilda can do it ... with GBPUSD at least (and perhaps some others ?) !

[AGT]

@Spider X - this bot, following Charles, could give good results even in trend + flat markets, it isn't a typical grid trader ... following Charle's earlier posts.