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GraceLand (By Rodney Jones )

The user has deleted this system.

GraceLand Discussion

Rodney Jones (BusinessGuy09)
Dec 08 2010 at 05:17
23 posts
This is a test of my own personal EA. A friend/mentor coded it for me. So asking me for the algorithm won't help any b/c i truly don't know, :). I do know there is no hedging involved or martingale. I also plan to sell this ea. I want to do a full 6 month demo forward test first! Unless someone just wanted it right now. I honestly wouldn't advise of it, since i just got it yesterday myself. But, if anyone contact me and say *I'll make you an offer you can't refuse* Then i would certainly take that offer :) Honestly i wouldn't sell this at all if i didn't have too, but i have no trading capital. I would be testing this live if i did. anyway,.... So to make myself clear...i do want to sell this EA, but i advise we all watch it in demo first, for a few months.
Believing is Achieving....Not that Orginal lol
Rodney Jones (BusinessGuy09)
Dec 08 2010 at 07:33
23 posts
Oh this is a trend trading system by the way. I'll try to answer any questions you have. I also just recently decided not to sale this EA, i'm going to do signals instead. Anybody know a good signal provider.
Believing is Achieving....Not that Orginal lol
DoubleTrap (ForexSeeker)
Dec 08 2010 at 07:38
814 posts
Amazing High Gain Low Risk EA. I'm impressed !! 😎

I'm confuse a bit by your statement, your friend coded it for you. So mean you ask him to do the coding by provide him the strategy rite ?

So can you explain a bit your strategy ? Base on indicator or price action using grid ?

Can you setup more demo platform from Alpari, IBFX, Forex.com... etc.

I prefer see some Back Test from Alpari broker.

Can you post some of your back test result so we can study the possible risk and draw down factor.

Thank Q !
Information is Gold when come to organised.
DoubleTrap (ForexSeeker)
Dec 08 2010 at 07:43
814 posts
By the way, you have 5-6 trade continues open at the same times. 😲

Is it normal, or you forgot to ask your friend to limit the signal per bar which give the side effect of keep on open trade in tick mode.
Information is Gold when come to organised.
Rodney Jones (BusinessGuy09)
Dec 08 2010 at 07:58
23 posts
Alrighty first up! Ok, let me tell u first i'm still an amateur at forex...but i'll try to answer your questions to the best of my ability. Yes my friend/mentor coded this EA. Not for me specifically. Its his strategy, and 3 other people unknown to me has this EA. Just not the same version. I also had another friend of mines to modify this ea to fit my needs. I know nothing of coding by the way. I just ask to add a few things and he did. Now its x10 more profitable than my mentor/friend original version. To the best of my knowledge its based on indis, and for a fact trend based. I can't do a backtest because this is not a fully automated EA. And...looking up top i see i have it as automated (my mistake i'll change that in a min). There is a human factor. Since this baby has no stoploss you have to watch it. And yes i did say no stoploss...so yea...that may scare some of you away, lol. But, i dont blame you honestly. I have an indi that tells me when to close my trades. And yes you can limit the amount of open trades you can have at a given time. But i'm an aggressive trader! Set up more demos u say? Well i can...but then that'll be more accounts for me to monitor since this is a semi-automated strategy. But, ok. I'll try to demo several brokers. :)
Believing is Achieving....Not that Orginal lol
DoubleTrap (ForexSeeker)
Dec 08 2010 at 12:40
814 posts
I see, the only human factor need to take care is the Stop Loss part. It can be easy done by just adding some stop loss code or float max control to close all trade when hit target.

If the open order logic part is also by human then will be able hard to do back test or guarantee the consistent of profit.

I think you can ask your friend to add in the Stop loss function which allow you to set zero or other value.

Also ask him to add Max Float control to close all trade if hit.

Then you can have a fully automated EA to do back test.

What time frame your open logic use ?
Information is Gold when come to organised.
Rodney Jones (BusinessGuy09)
Dec 10 2010 at 20:32
23 posts
Doubletrap i would rather not, since this trade better without a set stoploss. I just starting testing this a few days ago, and i'm starting to get the hang of it. I just downloaded a close all EA. And i've tested which pairs work the best, what time to trade. Lets see if i can improve my win/loss ratio. And improve my drawdown ratio. Alot of those losses were sort self inflicted (traders error if you will)
Believing is Achieving....Not that Orginal lol
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