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

TrendRangeCombo
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4798
Page 8 of 12
Author:  pipcruiser [ Tue Aug 09, 2016 9:15 pm ]
Post subject:  TrendRangeCombo

Thanks TJF,

for some reason all my 50+ HGI 5 min shorts got cancelled (besides 5) - which caused the DD / anti hedge.

Not sure why as I use your post 1 set-up....

Sent you PM...

PC
Author:  TraderJoeForex [ Tue Aug 09, 2016 9:49 pm ]
Post subject:  TrendRangeCombo

pipcruiser » Tue Aug 09, 2016 9:15 pm wrote:Thanks TJF,

for some reason all my 50+ HGI 5 min shorts got cancelled (besides 5) - which caused the DD / anti hedge.

Not sure why as I use your post 1 set-up....

Sent you PM...

PC
Glad we've identified your problem as incorrect magic numbers although they are correct in post 1. Look forwards to your next report :smile:
Author:  pipcruiser [ Tue Aug 09, 2016 9:55 pm ]
Post subject:  TrendRangeCombo

Yes - thanks a lot buddy.

Re-loaded now :)

PC

Glad we've identified your problem as incorrect magic numbers although they are correct in post 1. Look forwards to your next report :smile:[/quote]
Author:  TraderJoeForex [ Wed Aug 10, 2016 7:05 pm ]
Post subject:  TrendRangeCombo

Just received this question as a PM and felt worth re posting here:
Right now 300 pips minus and 12 buy and 4 sell trades - all RnR.
Seems like HGI trades quite seldom.

PS: How big significance do you think the GridMaster has in this set-up - is it a big part or just an "add on"?

Yes HGBnG with CSS filter only steps in with a STRONG breakout. 100pip moves are nothing on GJ

..Right now the daily range is 1/3 what it was last month. Do be prepared for 1000+ pips minus from RnR. With a 5pip grid this will happen regularly.

GridMaster plays a HUGE part. It stops the big drawdown in it's tracks using the 5 x lot size on HGBnG to cut the multiple losing RnR trades on a breakout. It also cuts the profit potential of HGBnG but that is ok. Used in this way HGBnG is our hedge, nothing more.

Like for like RnR is many many times more profitable (and risky) than HGBnG so that is why this combo is setup this way.

All being said this combo does work very well together and 0.01/0.05 per 5000 is still conservative. I wouldn't even think about trading live a 5pip grid RnR naked with 5000. Even 15000 will get killed at some point by RnR and that is what brought me on my journey of looking at combinations that work together.

I am currently working on a set file for RnR that works with a much smaller account using Greedy Wotsit to hedge. 50pip grids on both. Will update the thread this weekend once I am sure.
Author:  TraderJoeForex [ Thu Aug 11, 2016 4:41 pm ]
Post subject:  TrendRangeCombo

Major update in post 1 with all new set files to accommodate a few positive changes from my testing this week and also a smaller account strategy using a much wider grid.

I think in a round about way I have found what I was hoping to achieve when I started this journey. In my search for a way to grid trade a smaller account and experimentation with some of the other grid EA's at SHF I have gone in a full circle and come back to HGBnG and RnR.

Swapping a 5pip grid for a 50pip grid makes all the different in terms of draw down and activating the MA filter on M1 time frame with RnR has been a revelation. As a result I have ditched the M5 CSS filter on HGBnG and now suggest the same M1 10LWMA as a directional filter.

I am adding the 50pip grid strategy alongside the existing 5pip (which has continued to do very well this week) on my demo account so the progress of each can be compared.

Whereas we see profits daily from the 5pip grid it may be more like weekly with the 50pip. Trading both together will be interesting.

I have decided to keep this thread just for these EA's now and this strategy. If I come up with any other worthwhile EA combinations I will start a TrendRangeCombo2 thread...

:!!:
Author:  Pooler2 [ Thu Aug 11, 2016 4:52 pm ]
Post subject:  TrendRangeCombo

Great stuff TJF :party: :party:
Author:  Boulder [ Thu Aug 11, 2016 5:56 pm ]
Post subject:  TrendRangeCombo

Cheers TJF, phenomenal work!
Author:  dokopy [ Fri Aug 12, 2016 6:18 am ]
Post subject:  TrendRangeCombo

Please, where can I find this indicator?
Author:  milanese [ Fri Aug 12, 2016 6:35 am ]
Post subject:  TrendRangeCombo

dokopy » Fri Aug 12, 2016 6:18 am wrote:Please, where can I find this indicator?
http://www.stevehopwoodforex.com/phpBB3 ... =95&t=4389
Author:  dokopy [ Fri Aug 12, 2016 6:41 am ]
Post subject:  TrendRangeCombo

Thank you very much. It is a very useful indicator.
All times are UTC Page 8 of 12