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GOMarkets Grid Trader Discussion
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
Jan 28 2010 at 08:35
This is a grid trader called GT-Shadow set up to trade the AUDNZD pair like robominer and the AUDUSD pair. It is traded on a GOMARKETS swap free account due to the high swap cost associated with trading both pairs. For AUDUSD it set to trade for 0.89 up to 1.02 and I trade it short only. The grid setup is to trade this pair in ranges close to historic high. The good thing about the AUDUSD pair is that it ranges much more than the AUDNZD pair currently does.
I feel comfortable with GT-Shadow and have been using it for more than a year on various currency pairs. I trade this live and with serious money. Feel free to ask question or offer ideas. Trading should be boring otherwise you are losing money. |
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Member Since Dec 16, 2009 1 posts
ben10
Jan 28 2010 at 13:56
cool i ll watch very closely as im a grid trader too
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Member Since Nov 17, 2009 16 posts
rkinman
Jan 28 2010 at 16:31
(edited Jan 28 2010 at 16:41 )
What kind of problems did you incounter when you had account for swap to true? I planned to go with Forex.com but I may hold off depending on your answer. I do know when trades are placed the other way 'when that time comes' The swaps are positive instead of negative.
Also, would I be able to do what your doing with the AUDUSD with roboPRO? Or would it have to be GT-Shadow only? |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
Feb 07 2010 at 12:33
RoboPro can trade the AUDUSD. I have analysed statements and found out that it is better to have a swap free account as the overall cost are cheaper. I got stung pretty bad when I had some audnzd orders open for more than a year. The swap was very high.
Another benefit off gomarkets above forex is that the spread on AUDNZD is 6-7 pips which is a ot lower than forex.com Trading should be boring otherwise you are losing money. |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
Feb 09 2010 at 09:47
I have moved the grid spacing down on AUDUSD to trade now from 0.86 to 0.99 ranges short only.
Trading should be boring otherwise you are losing money. |
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Member Since Feb 20, 2010 147 posts
Wayne (SunnyDays)
Apr 06 2010 at 10:13
Hey Fortenova, nice work.
Could you tell me how you determine where your grid should be? Do you just use trendlines on a 4 hour chart, etc? I guess you don't sell your EA or services, just curious Nice work, man Wayne A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does! |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
Apr 09 2010 at 03:03
Wayne,
The GT-Shadow EA is a commercial available Expert Advisor, it is not mine. Do a search on Google. The idea is to setup grids near the extremes of a currency pair. So AUDUSD is setup near the extreme to trade from 0.86 to 0.99. The AUDNZD is can be traded over the whole range which is 1.04 to 1.31. What we are seeing now is that the AUDNZD is above 1.31 and a lot of trades are open. That is the risky part of the strategy. Hence why I use a swap free account. On other accounts I am trading the USDCHF was is near historic lows on GT-S as well. Other pairs that are near extremes are USDCAD & USDJPY. Grid sizing is the most important thing. Trading should be boring otherwise you are losing money. |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
Apr 23 2010 at 06:00
Problem with gomarkets is that they have stopped offering swap free accounts. I will now clock up a fair bit of swap.
![sad]](http://static.mfbcdn.net/images/smiley-sad.png)
Trading should be boring otherwise you are losing money. |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
May 06 2010 at 13:38
Due to the end of swap free trading I had to close all positions at a loss. The AUDUSD was paying a high amount of swap. The AUDNZD was paying less. Here the trades turned into my favour and I could get out with minimal loss. Shame go markets went this way and I had to take this loss. Be careful with grid trading on swap free accounts as conditions might change.
All in all an average of 4.5% per month for 4 and a half months. I am happy with the result. Trading should be boring otherwise you are losing money. |
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Member Since Oct 30, 2009 34 posts
Fortenova (fortenova)
May 07 2010 at 09:17
In the mean time i have decided to grid trade the EURUSD short. As I believe we see the euro weakening more.
Trading should be boring otherwise you are losing money. |
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