tnt,

I have a daunting and seemingly impossible request...

If you can look at the last 20 years of USD/JPY and discover the max range and how it affects your system...you know drawdown, grid depth and time duration...resulting ROI....

I choose USD/JPY as this is a great pair to test this with...it is the hardest!

So I suggest to save time...simply use 0.01 and see if it can survive all of the moves the USD/JPY can give you....then look at what kind of yield you get. If it is not survivable, the other option is to use the Oanda API and use smaller lotsize than 0.01...

ES

one more thing...

explore ATR or ADR "autocalc" gridspace

ES

ES i believe the system cannot be Traded by Humans only by a Robot! It would blow our minds to realize it manually.

But it is tradeble with any Currency pair as long as it swings enough.

Breakouts i either directon are automatically filtered out, because of the Emerg. Gridline and max. Gridline Borders settings.

The Profits are made as long as the market stays (swings) in the Max. Glidline Borderspace.

So here is my try to post a more detailed explanation of how my(our) EA should work:

Hedge &Grid EA with breakeven or Profit Function on strong Trend.

1. Gridlines in both directions (buy&sell) should be calculated. The pipspace between them should be adjustable in the settings

2. Zero grid is the moment or an adjustable delay in the setting, when the EA gets started it then has immediately open 2 trades one a buy one a sell.

3. The lotsize must be adjustable and an lotsize step increase implemented when the equity rises above an adjustable level over the startup investment.

Naturally, this is after a complete grid closure with the BE ?

Yes this should happen only when the Gridcycle is Closed. It can happen in e.x. 1000$ Steps or in a comfordable amount to keep the System alive, but alowing withdraws!

The System:

When the first Grid gets hit by the price the EA should close the Profitable trade and cash in the profit. Immediately it has to open 2 Trades again one a buy and one a sell on that grid. In a Trend in one direction this whould mean that the equity stays unchanged. But when the Market retraces many times this whould mean an increase of the balance together with equity.

Interesting, Bombshell does not work this way....I am beginning to understand now

Exactly thats the trick in this System, hereby there are multible Retracements possible! I don´t know an EA that does that yet.

So when a grid gets hit there may be 2 trades opened one buy and one sell. But when e.x a sell or a buy position that has been opened before on that grid and hasn´t been hit in profit by the price and the market retraced t that gridlevel there should only be the missing trade opened. That means when a sell is still open but the buy was clsed in profit only a buy position should be opened. so that on each gridlevel the price hits are allway 2 positions open one a buy one a sell.

Maximum Gridlevel amount must be adjustable in the settings.

Now the weak point of the system is a strong trend without retrace!

and danglers...your grid will always find the extreme highs and lows

I don´t understand what you mean pls explain!

To bypass that the ea should look out for breakeven possibilities 2-3 Grids before the max. setted gridlevels are hit. This should happen by closing all positions eather takeing a small loss or breakeven or small profit. These are influenced by the grid size which is equaly to the take profit. When this is properly realized then a stop loss function is not needed.

I think I am visualizing this incorrectly, but if I am not mistaken... as your grid grows this becomes still again the need for a growing retrace...

Now here is the Point: With this System only a few Retraces are needed to Close the whole Cycle in Profit after all. Let me Explain; If the Market swings for a short time and causes 2-3 retraces 2-3 Profits are Hit, then the Market tries to Breakout ( i mean breaking out of the Predefined max. Gridlevels) the EA recognises this behaviour of the Market because a predefined Setting of max. emergency Gridlevel is hit. The EA then assumes that the Market will Breakout of the Max. Gridlevel and will close all Positions on Breakeven (because i will be all the time on a breakeven level)after Cashing in the 2-3 Profits. Of Course the EA should then start all over again from e.x. this higher Price Level

Now in this case when the EA decides to close all trades and braekeven. Then it should start the whole trading procces from the pricelevel it reached again because from this level on the market could behave in a retracing manner again.

Graphicaly the balance and the equity curve should behave like a stairway.

Comments on the chart what the EA is doing or in which mode it is in e.x "Breakevenmode looking to get out!" or "Profit on last Cycle in Pips=...."

This EA should work on micro and mini accounts adapt to each broker servertime and swaps. Slipage should be adjustable.

If you have any more questions please leave a comment i will get back to you asap.[/quote]

tnt,

I am a little lost..I realize that you asked a question in my above reply....

but if a buy and sell is constanly placed and their is a retracement...what happens to the last buy up there at the high or the last low down there at where the low retraced...? this is what I mean about the side-effect of finding the highs and the lows and leaving the trades there as danglers...

ES

P.S. How long to you think the average hold time of the grid before closure might be with this system? I know it is up to the market....but try to gander a guess?

Thats what i tried to explain here in a previous post:

So when a grid gets hit there may be 2 trades opened one buy and one sell. But when e.x a sell or a buy position that has been opened before on that grid and hasn´t been hit in profit by the price and the market retraced t that gridlevel there should only be the missing trade opened. That means when a sell is still open but the buy was clsed in profit only a buy position should be opened. so that on each gridlevel the price hits are allway 2 positions open one a buy one a sell.

Since i am not an english native spreaker as you have noticed, i find it quite difficult to explain.

See: only that rder shuld be needed odrer should be opened so that there are allways 2orders on a grid level inside the max. gridlevel borders.

See i used t not beeing understud so nevermind that, i will do my best do explain myself.

Well no.... your english is correct...It is just tough to visualize...

ES

P.S. When you get your code...I challenge you to explain your EA in one paragragh..hehe....I can make anything complex and I share your pain ☺

Beside to my average english my Keyboar is giving me hard time too. Missing Keystrokes. Sorry

P.S. How long to you think the average hold time of the grid before closure might be with this system? I know it is up to the market....but try to gander a guess?[/quote]

It depends on the pip distance between the Gridlines to, this feature should be adjustable. On a Gridspace of 7 Pips this should happen relativly fast, but on 50 pips it could take an hour or more.

ElectricSavant you where right with the Danglers that are left over and bringing the System to collaps.

I am working on a Detailed description whats the sollution to that. This will take a few Days time to
make a PDF file to attach it to my next Post.

But i can tell you what i am planning to present. Its something you all know about: Good old Martingale :-)

Now Martingale is a thing where minds go apart. I can say by Martigaling the Gridsize on 8 to 9 Levels should
cover any trend that happened in the Forex past.

This whould mean that only a Trend with 640 Pips on a 8 Level Grid or a 1280 Pips Trend on a 9 Level Grid without
any retrace of just one Grid whould bring a loss.
The Grid whould then close and Take the loss.

For this calculation i used Gridspaces of 1.Level= 5 Pips 2.Level= 10 Pips 3.Level= 20 Pips ........... 8.Level= 640 Pips

More Details on tCalculations will follow soon on the PDF i intend to Post. But the Guys who know what i am up to can
allready think for themselfs what i am going to Post.

ES i take your challenge and try to explain in one paragraph what my EA should be.

1. Hedged Grids & Martigaling the Gridsize (Double up each Level).
2. Close complette Grids on just one occuring Retrace. Take that Profit!
3. Start all over from this Level.
4. Take loss on Level 8 or 9. Depends on Startup Investment or Account type (micro) (Details later in the PDF)

The Market premises for the EA to work properly are:
- No continueus Trend over 640 Pips without any retrace (This happens very rare)
- Till that Trend the Market should allow us to earn a comfordable Buffer (That shouldn´t be Difficult)
- Find the right entrytime to get in the Market the first time you will use that ea.

Thanks for READING!!! Detailed PDF following soon...