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GridMeUpFX 2013 (By odrisb)
The user has deleted this system.
GridMeUpFX 2013 Discussion
Member Since Nov 24, 2009
10 posts
Nov 27, 2011 at 13:52
Supranium posted:
Looks like someone is running huge risk and gets accounts busted.
Well 588 Eur is a bit more then 10% of a 5K account. So the risk is limited to the account total and the rest of the money is not in the broker. Imagine losing 30% of a 5k account 😞
Nov 27, 2011 at 16:12
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 😞
If I understand the system correctly, my 1k account trading at 0.01 has -400 lossStopOut (this is default and can be changed) and my closestopoutpercent is 30%, if my DD reached $400, the EA will close numerous trades equivalent to 30% of $400 which is $120 to free up some margin and continue trading the remaining open positions.
Nov 28, 2011 at 10:18
in that case you shouldn't use this EA. A grid EA in combination with martingale requires to be allowed to go into deep drawdown in order to make a small profit in the end. If you can't stand that fact and you feel like you need to babysit the EA, you shouldn't use it. Full stop.
Nov 28, 2011 at 18:58
I've been trying to get onto the Forum at Proboards to ask this, but still waiting for a moderator to approve my account, so I'll ask again here.
I downloaded the practice (v2) GMU and installed it, with default settings, on a M15 GBPUSD chart early last week. FinFX demo account.
It hasn't taken a trade yet. I'm guessing there's something I need to change in the settings? The MT4 is set to allow live trading by EAs.
thanks for your assistance.
mspeg
I downloaded the practice (v2) GMU and installed it, with default settings, on a M15 GBPUSD chart early last week. FinFX demo account.
It hasn't taken a trade yet. I'm guessing there's something I need to change in the settings? The MT4 is set to allow live trading by EAs.
thanks for your assistance.
mspeg
Nov 28, 2011 at 20:29
If you can see the smiley face and all the details (next lot size, spread, profit target) on the screen, then it should be fine. Check if allow live trading is checked. You may also check the experts log if there is an error.
BTW, if you are not prepared for high DD then don't bother about running this EA. It is a good EA but huge DD is unavoidable and you should be prepared for it mentally and financially.
BTW, if you are not prepared for high DD then don't bother about running this EA. It is a good EA but huge DD is unavoidable and you should be prepared for it mentally and financially.
Nov 30, 2011 at 12:09
It's not uncommon to not trade now because (at least the advanced version, don't know about the basic one) it has an option to not trade at the end of a month (enabled by default) due to certain undesirable market conditions. But it's quite common not to take trades at all for a couple of days. When it does that, keep in mind: Trading and losing money is worse than not trading and not losing money...
Member Since Dec 14, 2010
5 posts
Nov 30, 2011 at 19:48
Hello,
I don,t get the same result as you ,today I still have 6 orders open on Grimeup V 3.12
Could you post the set file you are using?
Thanks.
Nov 30, 2011 at 19:53
jsintl posted:
If you can see the smiley face and all the details (next lot size, spread, profit target) on the screen, then it should be fine. Check if allow live trading is checked. You may also check the experts log if there is an error.
BTW, if you are not prepared for high DD then don't bother about running this EA. It is a good EA but huge DD is unavoidable and you should be prepared for it mentally and financially.
Yes, I can see all that... just wondered if more than a week was longer than it should have been sitting with no trades. I understand about the DD and will seriously watch it on a demo before I commit any of my (small) capital to it. Thanks for the reminder.
vloader posted:
It's not uncommon to not trade now because (at least the advanced version, don't know about the basic one) it has an option to not trade at the end of a month (enabled by default) due to certain undesirable market conditions. But it's quite common not to take trades at all for a couple of days. When it does that, keep in mind: Trading and losing money is worse than not trading and not losing money..
😉 Good point; I hadn't thought about the "end of the month" perhaps affecting it.
I think I should post your last sentence at the top of my monitor! Tooooo true!
Thanks
MsPeg
Dec 01, 2011 at 02:53
dingueling posted:
Hello,
I don,t get the same result as you ,today I still have 6 orders open on Grimeup V 3.12
Could you post the set file you are using?
Thanks.
Hope you're not in huge DD. If you are emotionally and financially prepared then it will eventually closed your trades in profit.
I was not comfortable seeing huge DD, so I stop using it.
Good luck with your trades.
Member Since Dec 14, 2010
5 posts
Dec 01, 2011 at 05:54
Thanks for your reply but Could you share the set file you are using so that I get the same results as you?
Regards.
Regards.
Dec 22, 2011 at 21:21
I am also in DD same as you. Is the EA preforming as it should in this specific DD? I noticed it stopped opening orders. I also have the 11 orders open. It will not open any more? just wait till it comes back down. Last time I was in DD it was doing some different things like it kept selling the last trade or 2 in profit then opening a larger grid one. It was odd and not the same as this time? Just wondering what your thought are on right now... with xmas holiday 2 days away too Thank you for your thoughts
Dec 24, 2011 at 10:26
Quick question on how the smart lots work: Does it take into account which currency my account is? Because for example someone with an EUR account could make the step to the next higher lot size in terms of the absolute balance sooner than someone with a USD account.
Dec 24, 2011 at 12:30
viloader posted:
Quick question on how the smart lots work: Does it take into account which currency my account is? Because for example someone with an EUR account could make the step to the next higher lot size in terms of the absolute balance sooner than someone with a USD account.
Yes it does take into account the account currency and adjusts the Target Profit, LossStopOut etc accordingly. It works with all the major forex currencies (EUR, GBP, AUD etc). Most of the testing has been conducted on a US dollar account and I would strongly recommend trading on an account with this currency.
Never say never!
Jan 12, 2012 at 22:13
Does smart lots work based on the leverage of the account as well as the balance? I have a U.S. account with 1:50 so I want to adjust. What is the worst floating DD in pips that you've ever seen? Are you worried at all about potential EUR crash which could cause a huge unrecoverable DD?
Member Since Aug 27, 2011
15 posts
Jan 13, 2012 at 03:05
any set files for this EA? i bought it but dont feel like tweaking every variable to find out which one works. I am dealing with FXDD and IBFX accounts, whats the set file to use with these brokers?
Jan 13, 2012 at 12:06
gwrigh posted:
Does smart lots work based on the leverage of the account as well as the balance? I have a U.S. account with 1:50 so I want to adjust. What is the worst floating DD in pips that you've ever seen? Are you worried at all about potential EUR crash which could cause a huge unrecoverable DD?
Sorry smart lots does not take into account a leverage of below 100:1. I have made this modification for the next version that will be released in the next couple of days. The worst floating DD is approx between 300 - 350 pips. Any higher than this and the StopLoss would be hit closing off a percentage of my balance. In 2011 1 StopLoss was hit before I adjusted it.
I would recommend anyone who trades a grid ea to always remove a % of their profits over time so if there is a large market move in 1 direction and large losses occur you have some funds put aside to trade another day.
Never say never!
