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Griddy Wotsit
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Author:  forextraderaz [ Wed Feb 10, 2016 4:08 pm ]
Post subject:  Griddy Wotsit
Peepaws » Wed Feb 10, 2016 7:34 am wrote:I know it's early but I think you may have "accidently" hit upon the "Holy Gridgraily Bob" here Steve. Running on only GJ with easy to achieve profit targets i have trouble seeing how this can blow up. I'm using MPTM to global close at $10 profit per o.o1 lot and have made 5% in a few days on my account. this is with a grid size of 20 trades in each direction 10 pips apart.

Let's see how it goes from here! And thanks again Steve for all your hard work. :good: :smile:

Are you running this on 15 min or 1 hour chart?
Author:  Peepaws [ Wed Feb 10, 2016 4:14 pm ]
Post subject:  Griddy Wotsit
1H chart
Author:  zaguy [ Wed Feb 10, 2016 5:46 pm ]
Post subject:  Griddy Wotsit
Hi Steve. I have also played with your new toy. Thank you! It totally took off on four pairs on demo in a ranging market.
Author:  zaguy [ Wed Feb 10, 2016 5:48 pm ]
Post subject:  Griddy Wotsit
Hi Steve. Maybe a stupid question (please do not remove me!), but say a high number of long trades have been opened and the market breaks out of ranging in a downwards trend - and it has happened to me in a demo with one pair only, i.e. GJ. This then results in huge buildup of negative open long trades (and I know you did say this EA is only good in a ranging market!), is there maybe a way to include main trade and multi-trade SL's into the EA or would this not work with the EA and hedging? Sorry if it is a stupid question!!
Author:  SteveHopwood [ Wed Feb 10, 2016 6:17 pm ]
Post subject:  Griddy Wotsit
zaguy » Wed Feb 10, 2016 5:48 pm wrote:(and I know you did say this EA is only good in a ranging market!)
No I didn't.
Author:  SteveHopwood [ Wed Feb 10, 2016 10:03 pm ]
Post subject:  Griddy Wotsit
Before anyone gets excited, my M15 EU recovered from potential disaster again today to end up in considerable profit. Do not expect this level of fortune to last.

Re the H1. Anybody here fancy this little lot on their live account:
Potential disaster.png
:xm:
Author:  SteveHopwood [ Thu Feb 11, 2016 12:59 am ]
Post subject:  Griddy Wotsit
You need it even worse?
Potential disaster.png
Anybody here ever had a live account recover from a worse position?

:xm:
Author:  patmontes [ Thu Feb 11, 2016 1:03 am ]
Post subject:  Griddy Wotsit
Whoa... the looks deep in the hole :o
Author:  SteveHopwood [ Thu Feb 11, 2016 1:34 am ]
Post subject:  Griddy Wotsit
patmontes » Thu Feb 11, 2016 1:03 am wrote:Whoa... the looks deep in the hole :o
Hehe. You should see it now.

10 years ago I was a naive noob having bought a ridiculously expensive license for an EA with similarly lethal possibilities.

That is why I can be a tad on the harsh side from time to time. I know the harm these things can do.

:xm:
...................................................................................................

Since writing the above, this has happened:

GJ has continued to plummet, and one of the pending sells has filled. Those 18 buys look really silly right now.

So what happens next?

Suppose the market continues to plummet. Lots of sell stops get filled. The situation gets more and more confused.

Suppose the market bottoms and the sells get closed? Imagine the DD on those buys, if you are feeling strong?

Suppose the market fills a few more sell stops then reverses - or even reverses without filling a few more sell stops?

Worst case scenario, the market continues to rise until a new high closes the outstanding buys at a stonking loss. Phew. Account not blown.

Best case scenario: the market rose and rose and rose and those monumental buys closed at a huge profit. Actually, this happened on my M15 EU demo today and the buys closed at a stonking profit that more than wiped out the DD.

Not-totally-disastrous scenario: a handful of sell stops filled before the market screamed upwards. Eventually the hedged position closed at my hedge position tp of 30 pips. That is a position that once came close to a margin call. Anyone here thinks the exercise would be worthwhile trading live?

Anybody here want to live with live trading like that?

Someone here suggested that this ea might be something tradable earlier. It is not. It is a toy. I am going to go back and delete that post.

:xm:
Author:  Peepaws [ Thu Feb 11, 2016 1:52 am ]
Post subject:  Griddy Wotsit
:arrrg: I see your point boy do I feel stupid now!
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