GridMeUpFX 2013 (By odrisb)
The user has deleted this system.
GridMeUpFX 2013 Discussion
forex_trader_8139
Member Since Mar 04, 2010
423 posts
Nov 03, 2011 at 23:35
Hi,
Is this account currently trading with the latest version 3.0 by default settings? Or still using the previous version?
Thanks,
SIM
Is this account currently trading with the latest version 3.0 by default settings? Or still using the previous version?
Thanks,
SIM
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.
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.
Never say never!
forex_trader_8139
Member Since Mar 04, 2010
423 posts
Nov 04, 2011 at 15:25
odrisb posted:
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.
Hi,
thanks for reply.
Sim
Nov 06, 2011 at 08:54
enjoytrade posted:
Hi
For which pairs is it used or more suitable?
You can see it by observing hes statistic.
For odrisb, i succest you to remove rest of the pairs but GU and if you want a higher risk, when just increase the risk on GU.
Other pairs surely will not perform even close to GU on long term. This kind of EA is meant to use very low risk because otherwise it will kill your account if strong and rapid trend comes.
Member Since Dec 20, 2009
26 posts
Nov 18, 2011 at 13:27
hello,
i am testing the free version. does anyone a good setting file to share? i can't understand the autoprofit function, because it's impossible to manually set the profit target. even if i put -false- it manages trades as it wants and doesn't care of the value that i choose.
can anyone help me with the right setting for a conservative trading?
i am testing the free version. does anyone a good setting file to share? i can't understand the autoprofit function, because it's impossible to manually set the profit target. even if i put -false- it manages trades as it wants and doesn't care of the value that i choose.
can anyone help me with the right setting for a conservative trading?
Member Since Nov 24, 2009
10 posts
Nov 21, 2011 at 13:23
Vit for your information I burnt a 500 Eur account with standard settings and 100:1
I have a second account that is now in deep DD (65%) and if the price goes below 1.56 I am busted.
So you need 1000 Eur or USD and standard setting but with Asian multiplier only at 1.
I have a second account that is now in deep DD (65%) and if the price goes below 1.56 I am busted.
So you need 1000 Eur or USD and standard setting but with Asian multiplier only at 1.
Member Since Dec 20, 2009
26 posts
Nov 21, 2011 at 14:04
OH, it just touched 1.56, i hope your account could resist.
thank you for sharing your experience, in fact i think this is a very risky system and sooner or later, no matter what your settings are, it will burn your account.
anyway i will keep it only on demo for more time.
are you using the free version?
thank you for sharing your experience, in fact i think this is a very risky system and sooner or later, no matter what your settings are, it will burn your account.
anyway i will keep it only on demo for more time.
are you using the free version?
forex_trader_53818
Member Since Nov 17, 2011
15 posts
Nov 21, 2011 at 14:58
This is IndoRun! It's a free EA.
Nov 21, 2011 at 19:47
Just Checking! I downloaded the Basic to try it out on a demo account and it doesn't seem to be doing anything. I thought I read here that it should be left on default settings.
I have it on a FinFX demo account, on GPBUSD 15minute. (I can't use GoTrader, since I'm in the US) The demo is set to allow live trading by EAs, as is the Common tab on the EA Properties... and the Expert Advisers button is 'pushed.' It's showing the 'happy face' in the upper right with GridMeUpFX beside it, but nothing else in the chart. Shouldn't there be some indication that the EA has activated?
Something I need to change?
Thanks for info!
mspeg
I have it on a FinFX demo account, on GPBUSD 15minute. (I can't use GoTrader, since I'm in the US) The demo is set to allow live trading by EAs, as is the Common tab on the EA Properties... and the Expert Advisers button is 'pushed.' It's showing the 'happy face' in the upper right with GridMeUpFX beside it, but nothing else in the chart. Shouldn't there be some indication that the EA has activated?
Something I need to change?
Thanks for info!
mspeg
Member Since Nov 24, 2009
10 posts
Nov 23, 2011 at 11:13
No I am using the paid version. My account is in a critical situation now, almost no margin, so it has 99% chance to blow.
shaquille75 posted:
OH, it just touched 1.56, i hope your account could resist.
thank you for sharing your experience, in fact i think this is a very risky system and sooner or later, no matter what your settings are, it will burn your account.
anyway i will keep it only on demo for more time.
are you using the free version?
Even if it recovers it was the last time I used a grid system with or without Martingale. They simply will blow the account sooner or later. I knew this but got a bad run on my first account and now on the second.
Good luck for all the users
Nov 23, 2011 at 11:53
(edited Nov 23, 2011 at 11:57)
Istherehope posted:
No I am using the paid version. My account is in a critical situation now, almost no margin, so it has 99% chance to blow.
shaquille75 posted:
OH, it just touched 1.56, i hope your account could resist.
thank you for sharing your experience, in fact i think this is a very risky system and sooner or later, no matter what your settings are, it will burn your account.
anyway i will keep it only on demo for more time.
are you using the free version?
Even if it recovers it was the last time I used a grid system with or without Martingale. They simply will blow the account sooner or later. I knew this but got a bad run on my first account and now on the second.
Good luck for all the users
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.
Never say never!
Member Since Nov 24, 2009
10 posts
Nov 23, 2011 at 13:00
It is very simple. First buy position opened at 1.60289
I am trading 0,01 lots with standard settings and Martingale after 8 orders.
I have now 0,18 open lots and the last buy was at 1.5834. The last retracement was from 1.56893 till 1.5886 but it was short some 10 pips to close the order. The price is now at 1.55609 so it is just a case of doing the math as I can't priint a screen of the GBP chart here.
My broker has a spread lower then 2.3 and it is not a market maker
I am trading 0,01 lots with standard settings and Martingale after 8 orders.
I have now 0,18 open lots and the last buy was at 1.5834. The last retracement was from 1.56893 till 1.5886 but it was short some 10 pips to close the order. The price is now at 1.55609 so it is just a case of doing the math as I can't priint a screen of the GBP chart here.
My broker has a spread lower then 2.3 and it is not a market maker
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 can continue.
It looks like a 500 EUR account with a 1:100 leverage is not enough for GMU to absorb when there is a large trend in play 😞
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 can continue.
It looks like a 500 EUR account with a 1:100 leverage is not enough for GMU to absorb when there is a large trend in play 😞
Never say never!
Member Since Nov 24, 2009
10 posts
Nov 23, 2011 at 13:34
This account was 588 Eur with 300:1 leverage. I have now 72Eur of free margin.
I would say 1000 Eur and Asian multiplier =1
I would say 1000 Eur and Asian multiplier =1
Member Since Dec 20, 2009
26 posts
Nov 23, 2011 at 15:59
this is a huge trend in action, one of those that burn accounts trading grid/martingale systems.
R/R of these systems is always toot high to be worth.
good luck with your account @istherehope.
keep us updated!
R/R of these systems is always toot high to be worth.
good luck with your account @istherehope.
keep us updated!
Member Since Nov 24, 2009
10 posts
Nov 26, 2011 at 16:46
Well it just blow on Friday, so it was the second account to go bust. So for me I am done with grid with or without Mr Martingale
Nov 27, 2011 at 12:28
odrisb posted:
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 can continue.
It looks like a 500 EUR account with a 1:100 leverage is not enough for GMU to absorb when there is a large trend in play 😞
Hi there! I have 2 accts. which are in DD right now. 5k trading at 0.05 and 1k trading at 0.01 with 500:1 leverage. My LossStopClosepercent is 30% and LossStopOut = -400. If the trend continues, is it adviseable to reduce my LossStopClosepercent to 20 or whatever no. you can recommend to avoid margin call.
Your help will be highly appreciated as this is the 1st time I have a huge DD and hate to blow my acccounts.
Tks & brgds,
