Core Grid Element with 1% basket goal and 33% max equity drawdown inspired by Caesar himself. I am currently using a very simple Trend following logic for the initial entry and the Caesar's Armor EA manages the trades. The Trend Following EA will always run 24/7 while the Caesar's Armor will only trade once a day to meet the goal requirement. Testing the Core Grid Element is complete and now moving into more complex logics for the initial entry
I will need to choose an initial entry logic before doing so. Currently the Caesar's Armor EA is only A tool that handles the order management after the first trade, so you can have any EA/logic/Manual trade placed, then the CAEA will take over and manage the basket.
RedRhino posted: I will need to choose an initial entry logic before doing so. Currently the Caesar's Armor EA is only A tool that handles the order management after the first trade, so you can have any EA/logic/Manual trade placed, then the CAEA will take over and manage the basket.
FxMasterGuru posted: How about using the current trigger for backtests? It might be better than the original...
I won't go down that rabbit hole because the long term outcome will always be the same. You are risking 33% of your account to earn 1% and after a stopout you will be subject to another stopout while your potential upside never increases.
While TOGR has had temporary success with a few of his accounts, he doesn't provide backtests proving a robust system. Running a grid based system with 12-16 months results is not enough to declare success and he knows that he can reach a stopout anyday. He has blocked me and so many others all because of this fact. 64% of account blown in less than a week and this can happen at anytime. All you can do is filter, filter, filter, optimize, optimize, etc but once you have 1 trade open the Risk is 33 to earn 1.
60+ trades opened within the basket yesterday, resulted in insufficient margin to continue. EURUSD rebounded today and the basket was closed out. I know Caesar Signal doesn't have any mechanism to prevent this abusive counter-trend grid before hitting the stopout/equity protection but I will definitely add a feature. I also had 100 trades open on USDCAD on another account that were on 5+ pairs. I had to shut down the other pairs to allow USDCAD to continue trading and it did close the basket out today.
No matter how I look at it, Grids are suicide that make money almost everyday. It depends on how much you're trying to make and what you are willing to risk.
The hedge feature will start a new basket in the opposite direction once you initiate 1 trade.
For example, you can have a protective Sell order ( SellStop ) pending under the current price and if the market triggers the Sell order Caesar Armor will see this open order and now start hedging ( placing sells ). Now that you have buys and sells open ( hedging) the Orders will close at the Takeprofit level and wouldn't be able to close at an Equity Gain Percentage until 1 side of the hedge is closed. Once 1 side of the hedge is closed , Caesars Armor will continue trading as normal and look for the Equity Gain that you previously set. Then your next trading day you can enter another protective SellStop or BuyStop order depending on the market. It's a nice option for protection.
RedRhino posted: Core Grid Element with 1% basket goal and 33% max equity drawdown inspired by Caesar himself. I am currently using a very simple Trend following logic for the initial entry and the Caesar's Armor EA manages the trades. The Trend Following EA will always run 24/7 while the Caesar's Armor will only trade once a day to meet the goal requirement. Testing the Core Grid Element is complete and now moving into more complex logics for the initial entry
Frank, I have been following but I see this EA is already on sale. Is it really really really ready yet or it's in beta? I noticed that although you have it for sale you have not put it on your real money. You still have in on a demo account. Are you saying that the hedging is a manual task or its a 100% hands off EA? Is the minimum $1000 to .01 lots? Caesar is minimum $500 to .01 but this would have blown the account from that first big DD you had.
The EA look very promising and seem to trade more ofter than Caesar. Is this the plan for it to trade more or its because of easier execution of a demo account?
The account that I follow from Caesar uses $1000 to .01 lots? If you use $500 with 0.01 you can reach the 1% Daily Goal faster and a lot easier. I have not tried this MM before but it does make sense to exit the basket sooner.
It trades more because of the MA EA that I use. It can look for a new trade based on any timeframe, for example you can set to Daily TF and only enter 1 direction daily and Caesar EA will manage the basket until it reaches Goal.
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