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Gridtrading from daily open
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Author:  Gertje [ Tue Mar 29, 2016 1:00 pm ]
Post subject:  Gridtrading from daily open
It seems we don't need a trademanager today.... :jump:

If the basket won't close by itself today, I plan to do the following;
- When in loss, delete pendings before rollover and send a new grid after rollover.
- When in profit, close all before rollover and start again.

If the basket is in loss, sending a new grid will hedge any open orders that are against tomorrows direction, and will reinforce any open orders that are going with tomorrows direction.

Time will tell......
Author:  Gertje [ Tue Mar 29, 2016 10:28 pm ]
Post subject:  Gridtrading from daily open
I did what I said, delete the pendings and resend the grid using the new buttons.
It didn't matter much, GW just put the old pendings in place, leaving the 'gap' with the open trades without pendings. One day it might be better this way, the other day not. We will see moving forward.
GBPJPYH1.png
Author:  SteveHopwood [ Tue Mar 29, 2016 11:04 pm ]
Post subject:  Gridtrading from daily open
Gertje » Tue Mar 29, 2016 10:28 pm wrote:I did what I said, delete the pendings and resend the grid using the new buttons.
It didn't matter much, GW just put the old pendings in place, leaving the 'gap' with the open trades without pendings. One day it might be better this way, the other day not. We will see moving forward.
GW does what GW does. This might not be what you need.

:xm:
Author:  TraderJoeForex [ Wed Mar 30, 2016 1:05 am ]
Post subject:  Gridtrading from daily open
SteveHopwood » Tue Mar 29, 2016 9:29 am wrote:Gertje, I had the same problem with MPBM yesterday - it was calculating the jumping stop but did not close the position when the pips count dropped below the JS.

I had a look at the code - familiar as Paul took most of it from MPTM. The JS feature will only work after breakeven has been set. Also, mpbm was intended for use with baskets of market trades and so would not have deleted the outstanding pendings.

Attached is a version that should delete the pendings as well in the JS function - I have not looked anywhere else. The inputs are already coded for a BE at 100, locking in 20. See if it does the trick. I have it running on my demo, so we will soon know.

:xm:

Thanks for this Steve.. and I like the idea Gertje so now giving this approach a test too.
Author:  Gertje [ Wed Mar 30, 2016 2:18 pm ]
Post subject:  Gridtrading from daily open
Well, picked exact the right moment to test this strategy... :arrrg: :arrrg:

On the other hand, it's just a waiting game to see when the basket closes.
Maybe tomorrow, Friday, next week?
:smile:
Author:  TraderJoeForex [ Thu Mar 31, 2016 4:44 pm ]
Post subject:  Gridtrading from daily open
Gertje » Wed Mar 30, 2016 2:18 pm wrote:Well, picked exact the right moment to test this strategy... :arrrg: :arrrg:

On the other hand, it's just a waiting game to see when the basket closes.
Maybe tomorrow, Friday, next week?
:smile:
...I never was much good with timing :lol:

Although it looks like it's just price consolidating around and showing 162 as major resistance. If tonight's close is below then tomorrow (should :D ) be DOWN.
Author:  Gertje [ Thu Mar 31, 2016 4:48 pm ]
Post subject:  Gridtrading from daily open
I have been watching all day, have 3 setups; GBPJPY, GBPNZD and GBPAUD. All went down initially, but came back up. Did't cross yesterday's high though.

GBP National bank chief Carney speaks in little over 2 hours, might cause some movement......
Author:  Gertje [ Thu Mar 31, 2016 5:18 pm ]
Post subject:  Gridtrading from daily open
Had a look again, didn't cross today's high eather.
At 21:00 (my time, in 1:45) "they" will spike the spread, triggering pending buys and fall of a cliff in a split second.
If just I had the balls to close the open buys...... :arrrg:
Author:  TraderJoeForex [ Thu Mar 31, 2016 5:41 pm ]
Post subject:  Gridtrading from daily open
Gertje » Thu Mar 31, 2016 5:18 pm wrote:Had a look again, didn't cross today's high eather.
At 21:00 (my time, in 1:45) "they" will spike the spread, triggering pending buys and fall of a cliff in a split second.
If just I had the balls to close the open buys...... :arrrg:
... both the 2 period weekly and monthly tma slopes are down so that's my bet too... but remember we are looking at hedged grids for a reason :smile:
Author:  TraderJoeForex [ Thu Mar 31, 2016 5:43 pm ]
Post subject:  Gridtrading from daily open
TraderJoeForex » Thu Mar 31, 2016 5:41 pm wrote:
... both the 2 period weekly and monthly tma slopes are down so that's my bet too... but remember we are looking at hedged grids for a reason :smile:

... when I look back on a D1 chart I totally get all the "naked" traders... why is never the same going forwards?!
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