GridMeUpFX 2013 (by odrisb) Quick Stats
Gain: +33.28%
Drawdown: 74.04%
Pips: 2500.0
Trades: 1853
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

Full Report

User's Page

Message

Rating: Full Star Full Star Full Star Empty Star Empty Star
GridMeUpFX 2013 Discussion
Previous 1 .. 14 15 16 17 18 19 Next
knmtechnology

Member Since Nov 24, 2011  6 posts Keith Mitchell (knmtechnology) Feb 09 2012 at 07:16
I'm currently using this EA with no problems started with $800USD in January and now I'm up over 10%. My plan is to withdraw $800USD once the account reaches $1600USD (100% gain) and let it start over. Grid strategies seem to do great with small account sizes but crash once the account gets large. I feel this is due to the effect of leverage. 10 cents per pip is a lot different that 4 dollars per pip. Remember, just as leverage can work for you it can work against you just as fast.

knmtechnology

Member Since Nov 24, 2011  6 posts Keith Mitchell (knmtechnology) Feb 09 2012 at 12:36
Also, maybe consider making a bit of a change to whatever programming routine figures lot size. I assume it is using the account size in some formula to calculate lot size. If that is the case, if that were to be a user input you could put 1000 in as the setting and it would figure lot sizes based on the fact that the account size was $1000. It would result in smaller lot sizes for trading and smaller winners, but it would not expose the account to such significant risk and would allow you to better protect your gains.

gwrigh

Member Since Jul 30, 2011  72 posts gwrigh Feb 21 2012 at 01:08
I noticed that you reset the test - did the previous account crash? Are you running the new 3.4 version here? Do you still believe in the strategy? What changes have you made that you think will protect it now? What settings do you recommend for a 1:50 leverage account per $10K? Thanks.

odrisb

Member Since May 03, 2011  46 posts odrisb Feb 21 2012 at 03:56

   gwrigh posted:
   I noticed that you reset the test - did the previous account crash? Are you running the new 3.4 version here? Do you still believe in the strategy? What changes have you made that you think will protect it now? What settings do you recommend for a 1:50 leverage account per $10K? Thanks.


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.

seven123456789

Member Since Feb 22, 2012  2 posts seven123456789 Feb 25 2012 at 10:52
Brenden you ea is no good!
And why you hide your big losses ???

pip2cash

Member Since Mar 04, 2010  423 posts SIM (pip2cash) Feb 28 2012 at 07:16
Hello odrisb,

Any major changes to your EA so that you want to start your account all over again? Or are you going to change something on the EA?

Thanks,
SIM

Low risk consistent return! For More Information on Professional Managed Account Service, Kindly visit:
odrisb

Member Since May 03, 2011  46 posts odrisb Feb 28 2012 at 11:54

   pip2cash posted:
   Hello odrisb,

Any major changes to your EA so that you want to start your account all over again? Or are you going to change something on the EA?

Thanks,
SIM


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 confused

oshun123

Member Since Jul 01, 2010  4 posts Oshun (oshun123) Feb 29 2012 at 18:38
Come on. Each time the EA crashes your account you will start over again?

That's not a fair behaviour. I am one of your paying customers and know about the risks of grid trading. I am trading real money and with 30.000 USD I was only trading 0.1 lots. Still I had a huge drawdown but decided to hedge my position manually as it became to risky and could trade me out of this with only a small loss. I was lucky doing this.

Anyway, you should not start over again, leaves a bad impression IMO.

Everybody who is grid trading should know that such things can happen. That's the risk. I would not consider this a problem or say that for this reason the EA is bad. You EA is good. You should not hide things or tell the people now about a new version which will be safer. That's not possible with a grid. You have to accept drawdowns. There is no way around.


LKForex

Member Since Sep 29, 2010  182 posts Dash (LKForex) Mar 28 2012 at 17:01
this EA has margin call or big DD too often, if the vendor was smart, he would of added a hard sl into his EA like a few other EAs.

Get Rich or Die Trying
jsintl

Member Since Oct 03, 2010  107 posts jsintl Mar 28 2012 at 18:22

   sugarboy7 posted:
   this EA has margin call or big DD too often, if the vendor was smart, he would of added a hard sl into his EA like a few other EAs.


I thought that you can define to close 30% or even 100% of your trades when the DD reaches certain value.

Previous 1 .. 14 15 16 17 18 19 Next
Monetary Base (YoY) (15 min)
Complaints against British banks fall 42...(33 min ago)
EURUSD 1.31287 GBPUSD 1.66122
USDJPY 104.352 USDCAD 1.08716
FxPro
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data          
Liquidity          
Forex Calculators New          

Site Map  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.