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You're making this all too complicated. Any compensating mechanism will work just as much against you as for you.
1. DON'T USE ANY INCREMENTING (DAMMIT!) This is the main cause of the problem.
2. Widen your grid and make it reasonable according to volatility
This is a matter of experimentation
3. Use pairs with low spreads, 3 pips or less
4. Stick with trending pairs, not volatile pairs. Euro is better than GBPJPY
5. Make your TP smaller than the grid size minus the spread
6. Don't use a SL.
I think WMW is right on these points. Especially on #5 & #6.
Was trying to think of some ideas that might make this EA a more profitable strategy.
What if there was some kind of self-adjusting Next_Trade value that changes according to the situation you are in? Not quite sure about this yet. Something that has to do with how many longs you currently have compared to how many shorts. Just a thought.
Another thing I see here is this: Most of the testing going on has been based on having a relatively small TP. So, for instance, if we have a large spike in our favor, the EA is not maximizing on the situation. Instead of continuing to pile-on when we are in profit, we are settling for a relatively small TP. I think that once a certain positive profit level has been achieved, we need to implement some kind of an internal trailing stop. Maybe something like, once a certain profit level is reached, the EA will not let it lose a certain percentage of that profit. Every time a new "high" is reached(every tick higher in our favor), only a certain percentage of that profit will be allowed to be lost before our close all.
We're letting this EA dig itself deep in a hole with our large SL settings, but not allowing it to climb a mountain when things are going in our favor.
1) Step Stop and Trailing stop support
2) Entry/exit long/short depending the inclination of the MA
* news trading *
3) Optional start/end time (hour/min) for news trade
and offset time for start trade (minutes before news time)
4) Step Stop (or ts) activation Offset time (minutes after news time)
5) OCO option: Ea examine last candle (30m-d1) and
set 2 orders (up max and under min);
Only one order start (other will be cancelled).
1) Step Stop and Trailing stop support
2) Entry/exit long/short depending the inclination of the MA
* news trading *
3) Optional start/end time (hour/min) for news trade
and offset time for start trade (minutes before news time)
4) Step Stop (or ts) activation Offset time (minutes after news time)
5) OCO option: Ea examine last candle (30m-d1) and
set 2 orders (up max and under min);
Only one order start (other will be cancelled).
thanks
Thanks derekz.
I will consider your ideas. I think that the implementation of a trailing stop based on total order profit would be a good idea for this EA. That's an idea I've had for some time, and will probably work on that next.
Does anyone else have any ideas strategy wise that might benefit this EA?
Linear Mode
