Simple... Using nice round numbers and ignoring losses/gains from the hedge program. And assuming $5000 account and order size of .01 and 1% daily gain, in 100 days another $5000 has been added, so bump the order size to .02. Twice the order size so another $5000 is added in 50 days. Bump the order size to .03 and then wait 25 days, etc.

Keep in mind that everything will scale up, including equity, balance and drawdown. Someone is going to say, "Wait, you could have a drawdown of $30,000!!!!!" Yep, you could. But if you only put in $5,000 and close out a $50,000 account netting $20,000 you still have $15,000 cash ahead.

If you are unsure - run the demo for a year and test it for yourself!

Take care,
Bill

Bill,

I have put the Correlator November v1.5 on a IBFX mini account demo.
But it does not enter, instead I get the Alert "Correlator_v1.5.1 GBPUSDm: Alert:Checking market prices."

Am I doing something wrong. The CheckGrid_v1.5.4 is running ok on another IBFX mini account.

Bruce

Bill,

Could I suggest an addition to the Correlator?

If possible it would be nice to include a MagicNumber, so that additional positions can be taken without affecting the first position.

I know we have the option to manually add a position and thur the comments line have the Correlator recognize it, but I was looking for an option that can be independant of the first position.

What do you think?

Thanks.

Bruce

Bill,

I found that I have to put GBPJPYm and CHFJPYm in the IBFX for the Correlator to work.... but I didn't have to for the CheckGrid.

But as it started, I ran into another problem of it opening only the GBPJPYm and not the CHFJPYm. Reason being that it received a requote. So I have manually put the side in.

Is there a way that if it receives a requote that it will take the position on the requote?

Thanks.

Bruce

It means that it can't find that trading pair. Either it is misspelled, or that trading pair is not available on the Market View. Right click and show all.

I'm not sure I understand why we need a magic number. If you want additional positions that don't affect the first position (set by the robot), simply use a different comment, or no comment at all. It will only "adopt" manual trades with the same comment block.

Correlator is screen independent. You define the trading pair and it does not depend on the screen you use. CheckGrid trades the currency of the screen to which it is attached.

I wrote it to check both sides for prices before getting in. On the rare occassion that it can't take both sides of the trade after it has checked the market price, it is preferable for it to stop and ask for guidance from the trader. To keep slamming at the market to try to get in could be a bad thing.

Bill,

Its so that I can run another position on the same currency pair at a different level and indepentant so that if this one has a positive swing to XX number of profits it will close with out affecting the first position.

As you know the GBPJPY swings up and down. So after the down swing I might want to add a new position.

So that is why I thought the addition of a majicnumber would make it possible to do that.

Bruce

I thought I would post my results for the past week. My ibfx account ended and I needed to start over. I have the grid running on 2 pairs, eur/usd and usd/chf. So far, with what some might consider a fairly wide spread, the results have been fantastic. My account is up over 10% since 10/18 with very little drawdown. Check the report!

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It looks to me like the account is down 4%?