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GridMeUpFX 2013
in
Trading Systems
Jul 08, 2013 at 07:40
Depending on the DD settings some early positions will be closed once the max DD is reached.We have less distance to travel when a retrace occurs and we can escape with minimal damage.Lets ride it out like the rest of the large movements that have occurred over the last 9 months...
GridMeUpFX 2013
in
Trading Systems
Jun 19, 2013 at 05:30
I'd be very happy with 20% of the backtest result over the 5 years 😎
GridMeUpFX 2013
in
Trading Systems
Jun 17, 2013 at 23:28
Backtest from July 2007 to April 2013Prior to mid 2007 news data is not available so any further backtesting will not be accurate:http://gridmeupfx.is-leet.com/GMU42b.zipCheers
GridMeUpFX 2013
in
Trading Systems
Jun 15, 2013 at 00:33
Yes grid trading is a dangerous activity but if managed correctly then it can be profitable. Choose the correct pair, withdraw profits regularly, limit the number of orders raised and don't make the lot multiplier too aggressive. Backtests have proven profitable over the last 5-6 years (Dukascopy tick data) and time will tell if it survives longer term in a LIVE environment 😉
GridMeUpFX 2013
in
Trading Systems
Feb 28, 2012 at 11:54
The account lost most of its 2011 profit in mid Jan 2012 with the big EUR rise. There have been some modifications to the settings to take losses earlier and to reduce the drawdown along with another filter added for market entry. I'm looking at adding a hedging option to the next version for the members that requested it but I'm not sure if this just adds extra risk to the trading 😕
GridMeUpFX 2013
in
Trading Systems
Feb 21, 2012 at 03:56
The account had a big crash from mid January to early Feb. I was not running 3.4 but 3.2. The settings have been modified in 3.4 so that losses occur more frequently but with less damage to the account. I'm looking at other options (eg hedging) but this may take some time to implement. With a leverage of 1:50 and 10k the smartlot feature of GMU should trade with a lot size of 0.03 therefore the default settings of 3.4 should be safe enough.
GridMeUpFX 2013
in
Trading Systems
Feb 04, 2012 at 14:15
It was set to close a % of the account at 40% DD but once a loss occurs there was no cap on the DD for the remainder of the grid so the next LossStop amount could be greater than the euity in your account. This is obviously not OK so I've implemented a cap on the equity DD after a loss in the new version...
GridMeUpFX 2013
in
Trading Systems
Feb 04, 2012 at 14:11
If it does it will be back to the drawing board again. We learn from our mistakes 😭I've have made some minor adjustments to the latest version that should not put the account in this situation again (take losses sooner to avoid this level of DD).I'm not going to give up on the strategy just yet 😉
GridMeUpFX 2013
in
Trading Systems
Jan 31, 2012 at 12:47
My account has already had positions closed so the average lot size increased for the first 8 orders in the grid to 0.04 lots (from 0.02 lots). The Max1kDDPercent is ignored once LotMultiplyAfterXOrders is triggered and some orders have been closed in the grid. The new LossStopOut is calculated from the average lot size (0.04 x $400 = approx $1600). In the next version I've introduced another parameter (MaxLotMultiplierDDPercent) that CAPS this figure to a % of your account balance (eg. 60%) so you don't DD too much into your account before more trades are closed.
GridMeUpFX 2013
in
Trading Systems
Jan 26, 2012 at 23:13
The last trade lot size is part of the rule set:After the loss the LotMultiplier boost has kicked in because 10 out of 11 orders (GridPendingOrderLimit) were open. The rounded average on my first 8 orders after the loss is 0.04 lots multiplied by 2.25 (lotmultiplierboost) multiplied by 3 (3rd order in the LotMultiplier set) = 0.27.
GridMeUpFX 2013
in
Trading Systems
Jan 26, 2012 at 11:37
The enhanced version does not have this issue.
GridMeUpFX 2013
in
Trading Systems
Jan 26, 2012 at 11:35
That is normal after the LotMultiplier set is complete.This helps reduce the drawdown percent if the market continues against you.
GridMeUpFX 2013
in
Trading Systems
Jan 15, 2012 at 01:55
350 pips is from the first order. There could be up to 11 (there could be a few more with the RSI_Entry enabled) orders raised at dynamic steps after the first order. The default StopLoss is set to close 10% of the balance when a 40% drawdown is reached. Order entries are filtered by current news events so there is no trading during periods of potential high volatility so this helps reduce the periods of large drawdown.
GridMeUpFX 2013
in
Trading Systems
Jan 13, 2012 at 12:07
The default settings are the set file 😉Try it on demo first with these brokers to see how if goes...
GridMeUpFX 2013
in
Trading Systems
Jan 13, 2012 at 12:06
Sorry smart lots does not take into account a leverage of below 100:1. I have made this modification for the next version that will be released in the next couple of days. The worst floating DD is approx between 300 - 350 pips. Any higher than this and the StopLoss would be hit closing off a percentage of my balance. In 2011 1 StopLoss was hit before I adjusted it.I would recommend anyone who trades a grid ea to always remove a % of their profits over time so if there is a large market move in 1 direction and large losses occur you have some funds put aside to trade another day.
GridMeUpFX 2013
in
Trading Systems
Dec 24, 2011 at 12:30
Yes it does take into account the account currency and adjusts the Target Profit, LossStopOut etc accordingly. It works with all the major forex currencies (EUR, GBP, AUD etc). Most of the testing has been conducted on a US dollar account and I would strongly recommend trading on an account with this currency.
GridMeUpFX 2013
in
Trading Systems
Nov 23, 2011 at 13:29
I would say for your account size the LossStopOut is too high.Once LossStopout is reached 10% of your account balance (this will free up some margin) is closed then GMU continues trading. If LossStopOut is hit again then another 10% is closed. The issue will be that the account is too small to absorb this drawdown and hence you are getting a margin call before the LossStopOut is reached. Even if the LossStopOut is reached on a smaller account balance you may need to raise the LossStopClosePercent so that more than 1 order is closed and hence freeing up more margin (eg set to 20%) so trading ...
GridMeUpFX 2013
in
Trading Systems
Nov 23, 2011 at 11:53
If you're not over trading and have a decent starting balance and the LossStopOut is set I don't understand how GMU can blow your account. You also need a broker with a good spread on the GBP/USD pair. If the spread goes above 3 often I would not use GMU. I would recommend a broker with an avergae spread of 2.3 or below on this pair.
GridMeUpFX 2013
in
Trading Systems
Nov 04, 2011 at 02:12
Yes I have been trading with version 3 for this week on this account.There was a bug in version 3 early in the week that was making GMU miss some trading opportunities.This has since been fixed before releasing to all members.
GridMeUpFX 2013
in
Trading Systems
Oct 14, 2011 at 04:29
Sorry I only had reliable tick data going back to mid 2009.A couple of members have tried it and stated that it did not perform very well in 2008. I'm only concerned about current market conditions anyway. If conditions change the robot may need tweaking again.
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