stevehopwoodforex.com • Gridtrading from daily open

Author:

Gertje [ Tue Apr 19, 2016 9:52 am ]

Post subject:

Gridtrading from daily open

Zennor » Tue Apr 19, 2016 9:40 am wrote:Hey guys, been doing rather well with this of late.

Have been quite brutal in manually closing down trades where the likelihood of many trades developing on both sides.

I have also been having a fair bit of success when I'm able to placing a new grid at ground zero so to speak when returning to the daily open after one grid has been activated.

The huge advantage of doing this is say the grid goes south for two grids then rises to four grids you need seven to close out chasing the ATR TP route. Had you placed a second grid when price rose back to the daily open when rising just the distance of 4 grids you would have had eight open buys and the grid would have closed for your profit.

The other reason this works and for those of you who may worry about your margins is that of the 27 pairs I'm trading between 2/3 - 3/4 of the trades close out very early, this method also closes out a large percentage of those remaining in a much shorter time had I just had the one grid,

Again just throwing this out there for discussion and consideration... :youknow:

Hi Zennor,

Thanks for bringing this up.
After my GBPNZD debacle last week I'm reluctant to open a 2nd grid on the same pair but after your words, I will look into it again.

Last Friday I gave back all the profit from that week, by closing the huge GBPNZD DD for a loss of 4.500 pips.

Sundaynight I had a party and found on mondaymorning the platform had closed and no new grids were set.
Last night I checked before going to sleep if the grids had been send, and I woke to over 700 green pips again. Today till now 900 pips in the bank.

What worries me is my current EURJPY basket, with 7 buys/ 14 sells and over 2.000 pips in the red. Price being on the upperlimit right now, so some way to go.....

I'll let it run and see if it gets out eventually.

EURJPYH1.png

stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view

Gridtrading from daily open https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4666	Page 25 of 37

Author:	SteveHopwood [ Mon Apr 18, 2016 10:01 pm ]
Post subject:	Gridtrading from daily open
Hey Guys. Did I ever happen to mention that I tend to get a tad on the pissy side when cretins too stupid to be able to use a simple EA suggest that their stupidity is down to failings in my code? No? Really? Are you sure? I seem to recall bringing this up from time to time. How about every fucking day recently? OK cretins, I have done some deleting of some insanely stupid posts tonight. If yours is deleted, then you fall into one of two categories: 1) You were misguided enough to attempt to help a cretin. Thanks. Please do not do so again. 2) You are a thicky too dim to work out how to use a simple EA. I will ban you if I hear from you again. Piss off. I am starting to get a teensy bit tired of morons questioning my fantastic code because they are too stupid to use a simple EA. Maybe I need to start deleting accounts immediately this happens? You know what, that sounds like a really good idea and I am adopting it.

Author:	tonyharmony [ Mon Apr 18, 2016 11:49 pm ]
Post subject:	Gridtrading from daily open
G'day all, Got 4.9% yesterday trading from the Tokyo Open on GJ only... I all fairness, it was a big day for GJ. Hoping for more of the same today. Version 1d is working perfectly, thanks Steve... Cheers Tony P.S. Thanks very much also Gert for putting the idea in our heads! Bravo my friend, Bravo...

Author:	BobbyT [ Tue Apr 19, 2016 12:25 am ]
Post subject:	Gridtrading from daily open
I noticed that the 'SM_ADR' indi information is deleted by the super handy SM() function. So I made a patented BobbyT lazybones/useless mod to SM() which will give the ADR value for the pair (based off of the ADR settings already used in GW). I did this to allow easy access to the ADR value to enable manually setting the grid spacing at 0.1ADR (a la Zennor). Add this at line 440 if you want this info on screen all the time: Code: Select all `SM("ADR = " + iATR(NULL, GridAtrTimeFrame, GridAtrPeriod, 1)factor);` Or if you're Steve and this is some seriously illegal posting then just delete it (the post, not me) and we will all pretend like this never happened.

Author:	tonyharmony [ Tue Apr 19, 2016 12:32 am ]
Post subject:	Gridtrading from daily open
BobbyT » Tue Apr 19, 2016 10:25 am wrote:I noticed that the 'SM_ADR' indi information is deleted by the super handy SM() function. So I made a patented BobbyT lazybones/useless mod to SM() which will give the ADR value for the pair (based off of the ADR settings already used in GW). I did this to allow easy access to the ADR value to enable manually setting the grid spacing at 0.1ADR (a la Zennor). Add this at line 440 if you want this info on screen all the time: Code: Select all `SM("ADR = " + iATR(NULL, GridAtrTimeFrame, GridAtrPeriod, 1)factor);` Or if you're Steve and this is some seriously illegal posting then just delete it (the post, not me) and we will all pretend like this never happened. Thanks Bobby, added nicely... and if it's illegal? Shhhh! I won't say a thing. Cheers

Author:	Zennor [ Tue Apr 19, 2016 9:40 am ]
Post subject:	Gridtrading from daily open
Hey guys, been doing rather well with this of late. Have been quite brutal in manually closing down trades where the likelihood of many trades developing on both sides. I have also been having a fair bit of success when I'm able to placing a new grid at ground zero so to speak when returning to the daily open after one grid has been activated. The huge advantage of doing this is say the grid goes south for two grids then rises to four grids you need seven to close out chasing the ATR TP route. Had you placed a second grid when price rose back to the daily open when rising just the distance of 4 grids you would have had eight open buys and the grid would have closed for your profit. The other reason this works and for those of you who may worry about your margins is that of the 27 pairs I'm trading between 2/3 - 3/4 of the trades close out very early, this method also closes out a large percentage of those remaining in a much shorter time had I just had the one grid, Again just throwing this out there for discussion and consideration... :youknow:

Author:	Pueo [ Tue Apr 19, 2016 9:47 am ]
Post subject:	Gridtrading from daily open
Zennor » Tue Apr 19, 2016 1:40 am wrote: Again just throwing this out there for discussion and consideration... :youknow: Thanks for sharing! I started testing this a few days ago, so far its my favorite grid system. I'm going to add more pairs to one of my demos and check it out. I'll post some results later. Will you share what account size and lot size you're using for the 27 pairs? $10,000 and 0.01 lots ? Whats the most drawdown you've seen so far?

Author:	Zennor [ Tue Apr 19, 2016 10:00 am ]
Post subject:	Gridtrading from daily open
Pueo » Tue Apr 19, 2016 10:47 am wrote: Thanks for sharing! I started testing this a few days ago, so far its my favorite grid system. I'm going to add more pairs to one of my demos and check it out. I'll post some results later. Will you share what account size and lot size you're using for the 27 pairs? $10,000 and 0.01 lots ? Whats the most drawdown you've seen so far? $10,000 and 0.01 lots ? Yes have set to this. As for draw-down, prior to yesterday where in hindsight should have set the trades to open much later the draw-down was below 10% yesterday rose to over 25%. Currently sat on a £750 draw-down account £12,500, started at £10,000.

All times are UTC	Page 25 of 37
Powered by phpBB® Forum Software © phpBB Limited