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Is the CheckGrid_v1.5.4.ex4 platform specific? I have it running on IBFX but no matter what I do it will not run on Neuimex platform.
Do you (or anyone) have an idea why it won't?
Bruce
Yup, I know. Each broker has different settings for their installations of this program. IBFX allows lot sizes of .01 for example, while other brokers don't.
Well, I fiddled with the program to have the pending positions expire after a day if not filled. This keeps my pending orders pile reasonably small. Turns out, this is allowed at IBFX, but not at some other brokers.
So, I have "unfiddled" with the program. It should run now. If you want to get rid of pending orders, just use the closepending function.
See attached for the update. This is the only change.
One more question. Why the hedge lot trade has got a stoploss and no TP? What happens if the market retraces quickly after opening a hedge trade and stop loss is trigerred. The amount of loss will be big and how do you balance it?
Thanks.
Think about it - if the market runs in one direction why would you take a profit, get out and let your drawdown grow unchecked? That is what a TP would do. Bad stuff...
I know what happens if the market retraces quickly. Rather than ask, I'd like you to pencil it out for yourself on paper. If you understand it, then you can make the best use of it. Here is your assignment. Using nice round numbers, assume that you have a hedge size of one lot, with a trailing stop of 30 and a hedge step of 30. Calculate your gain/loss on the following:
Market touches hedge/reverses immediately and goes back 50 pips.
Market touches hedge, continues another 20 pips and goes back 50 pips.
Market touches hedge, conintues another 100 pips, then goes back 50 pips.
Post or email your answers if you wish and we can see how you did and you will understand how the hedge function protects the account.
BTW, to answer your last question, the hedge loss will only be big if it touches/reverses hard AND you have chosen an inappropriately large hedge relative to your grid setup.
i ask if the gbpjpy=1 and chfjpy=1 is good or you think its bette
gbpjpy=1 and chfjpy=2 ?
5k ibfx
so this is the statement
Better? In what way? Both work just fine for different people. Difference is volatility and interest. 1:2 earns more interest. 1:1 seems to have more volatility and chances for a TP. Why not set both up in different accounts, or designate different order sizes in the same accounts, run them for a month and decide which is "better" for you?
What broker? Which currency? What error message (if any)?
When this happens, if you are in profits, close out the trade, take the profits and try again. If you have a drawdown, manually add the second trade using the instructions in the pdf. Carefully use the appropriate comment and the EA will "adopt" the trade, and you can continue from there.
"By my calculations, using my robots and my approach and reinvesting the gains, my $5,000 account, will grow to pay out $500 per DAY in about 8 months. That is 10% per day on my original investment using my boring, conservative, low leverage approach."
Would you mind going through the figures for me? I have been trying to think through the checkgrid and I was wondering how I would go about money management. I guessed the Grid steps and TP would remain the same but the lots would increase but it would be best to wait until the price was near the middle of the grid.
But if your equity goes up 10% and you started with 0.01 lots you can really only go 100% increase with lots (0.02)?
Linear Mode
