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Rinse 'n Repeat
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Author:  normtold [ Fri Apr 08, 2016 11:37 am ]
Post subject:  Rinse 'n Repeat
Remon, I do not use MT5 but a broker I use for Empty4 says this about MT5.

"With Empty4 5, you can now net off positions by reversing your current trade. If you open several positions in the same contract, your positions will be consolidated, allowing a clear “First in First out” netting of open positions."

"No hedging allowed".

I do not know if the no hedging part is specific to this broker or a general MT5 rule, so look into it before going too far and make sure your strategy will fit the restrictions.
Author:  heart1010 [ Fri Apr 08, 2016 11:53 am ]
Post subject:  Rinse 'n Repeat
normtold » Fri Apr 08, 2016 12:37 pm wrote:I do not know if the no hedging part is specific to this broker or a general MT5 rule, so look into it before going too far and make sure your strategy will fit the restrictions.
MT5 haven't allowed hedging the last years... that was a plattform decission!

But they heard after many many clients wining I think ;) and now did a blog post that they will allow hedging again with MT5 (source: http://www.metaquotes.net/en/company/news/4678)

(but it will take a long time until all these brokers out there offer also MT5 beside Empty4 to their clients)
Author:  pascalx [ Fri Apr 08, 2016 12:27 pm ]
Post subject:  Rinse 'n Repeat
remon78eg » Fri Apr 08, 2016 9:17 am wrote:Is There Is A Good MT5 Fixed Spread Broker :?:
http://www.myfxbook.com/forex-broker-spreads

Can you please also answer my previous questions?
Author:  remon78eg [ Fri Apr 08, 2016 1:02 pm ]
Post subject:  Rinse 'n Repeat
pascalx » Thu Apr 07, 2016 2:30 pm wrote:Remon, what do you recommend to be appropriate grid size on a market that let's say moves a range of 300 pips a day? Should the grid be dynamically scaled based on previous time frame? And can grid size change over time or must it be static as long as trades are open?
The Grid Can Be Any size At Any Time,
But Then It Will Need A Good Programmer.
Author:  remon78eg [ Fri Apr 08, 2016 1:08 pm ]
Post subject:  Rinse 'n Repeat
normtold » Fri Apr 08, 2016 1:37 pm wrote:
Remon, I do not use MT5 but a broker I use for Empty4 says this about MT5.

"With Empty4 5, you can now net off positions by reversing your current trade. If you open several positions in the same contract, your positions will be consolidated, allowing a clear “First in First out” netting of open positions."

"No hedging allowed".

I do not know if the no hedging part is specific to this broker or a general MT5 rule, so look into it before going too far and make sure your strategy will fit the restrictions.

I Think That Hedging Is Only Let Us See A Clear Picture,
Just, It Waste The Spread With No Benefits.
Also, Any Hedge Strategy Can Be Done Without Hedge, It Only Take More Thinking.
Author:  pipseee [ Fri Apr 08, 2016 1:10 pm ]
Post subject:  Rinse 'n Repeat
The Grid Can Be Any size At Any Time,
But Then It Will Need A Good Programmer.[/quote]
------------------------------------------------------------
hi Remon , V/G to see u here m8 :!:
Author:  pascalx [ Fri Apr 08, 2016 1:18 pm ]
Post subject:  Rinse 'n Repeat
remon78eg » Fri Apr 08, 2016 1:02 pm wrote:
pascalx » Thu Apr 07, 2016 2:30 pm wrote:Remon, what do you recommend to be appropriate grid size on a market that let's say moves a range of 300 pips a day? Should the grid be dynamically scaled based on previous time frame? And can grid size change over time or must it be static as long as trades are open?
The Grid Can Be Any size At Any Time,
But Then It Will Need A Good Programmer.
It should not be difficult to change grid size, I can write a tiny Grid Manager for that matter. But the question arises what happens to open trades that are organized on a previous grid. They might not adapt nicely to new Grid. Maybe over time it could handle small grid adjustments, but a drastic grid size change would conflict the open hedge sizes.

A possibility would be to schedule a Grid size change and only apply if no hedges are open on the previous Grid.
Author:  Radar [ Fri Apr 08, 2016 8:51 pm ]
Post subject:  Re: MT5
Hey Remon78eg,
remon78eg » Fri Apr 08, 2016 7:33 pm wrote:I'm About To Make A New Development (For Both Method 1,2),
Make The EA Work In Metatrader5 (MT5),
It Will Be More Profitable And More Easy To Deal With Orders Open & Close, We Will Saving Much Wasted Spreads.


:)
There's currently two problems with trying this system in mt5...

1. The platform enforces the Dodd-Frank no hedging rule, so there's no way to consolidate your position... If you buy at price X, then sell at price X, your consolidated position is zero. If want to close a buy order, the platform sends a sell order of the same size as the buy.

2. FIFO. There is no way to get around the first-in-first-out rule. So, if you have more than two buy trades, when you close the first buy trade, you can't close the last buy trade.

The current system is great :) The only (minor) problem is the potential to get non-hedged trades at the swings, though if you're trading with fixed spreads, it's not all that much of an issue. I would only suggest setting a limit on the draw-down of non-hedged trades if you're trading with variable spreads.

Have fun!
Radar =8^)
Author:  remon78eg [ Sat Apr 09, 2016 1:25 am ]
Post subject:  Re: MT5
Radar » Fri Apr 08, 2016 10:51 pm wrote:Hey Remon78eg,
remon78eg » Fri Apr 08, 2016 7:33 pm wrote:I'm About To Make A New Development (For Both Method 1,2),
Make The EA Work In Metatrader5 (MT5),
It Will Be More Profitable And More Easy To Deal With Orders Open & Close, We Will Saving Much Wasted Spreads.
 :)
There's currently two problems with trying this system in mt5...

1. The platform enforces the Dodd-Frank no hedging rule, so there's no way to consolidate your position... If you buy at price X, then sell at price X, your consolidated position is zero. If want to close a buy order, the platform sends a sell order of the same size as the buy.

2. FIFO. There is no way to get around the first-in-first-out rule. So, if you have more than two buy trades, when you close the first buy trade, you can't close the last buy trade.

The current system is great :) The only (minor) problem is the potential to get non-hedged trades at the swings, though if you're trading with fixed spreads, it's not all that much of an issue. I would only suggest setting a limit on the draw-down of non-hedged trades if you're trading with variable spreads.

Have fun!
Radar =8^)
MT5
1. No Hedge At All.
2. When Open Sell 1 Lot And Sell 1 Lot , It Will Combined To Sell 2 Lot,
So, We Will End With One Trade With All Lots Sum,

This Is What I Intend To Doing In The Next Developing,
To Use This Rules, Ant End With More Profits.
Author:  Fibotrend [ Sat Apr 09, 2016 3:39 am ]
Post subject:  Sowing-and-Reaping System
MT5
1. No Hedge At All.
2. When Open Sell 1 Lot And Sell 1 Lot , It Will Combined To Sell 2 Lot,
So, We Will End With One Trade With All Lots Sum,

This Is What I Intend To Doing In The Next Developing,
To Use This Rules, Ant End With More Profits.
Hi Remon,

I'm looking forward to seeing your new strategy.

After running many scenarios on the simulator I think M1 is more reliable than M2.

As previously posted you can see the reason in this scenario (no spreads/all settings tested)

Runup: 111001110011100111001110011100111001110011100111001110011100
runupch.PNG
runup 1 no spread.PNG
runup no spread.PNG
The difference is that M1 is always hedged to cover losses on any retracements. M2 is only hedged on pullbacks and it needs at least two consecutive winning levels above the retracement to score a profit.

That's why M1 is so clever, you are making money by pulling off the oldest trade and by keeping the grid hedged all the time. It's literally a sowing-and-reaping system, I really hope the EA will be developed around this idea.

Keep on rolling mate نستمر على هذا النحو :smile:
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