Forex Grid Trader EA

[robl45]

can't be taken seriously, all the grids blow, robominer or whatever it was called blew, eurosmarter grid blew, they all blew up.  they would need at least a backtest from 2002 to today showing decent profits to be worth attempting and even then your odds of blowing are still pretty good.  And it would need to be tested on data like asirikuy or something else without holes to make sure its valid.

[hammy]

all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

[jarora]

all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

Toms EA has done a great fall and it disappointed me. If I started trading in April, so I came up for an account.

http://www.myfxbook.com/sk/members/TomsEaWPFXlive/tomsea-wpfx-live/151409

[999cjb]

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all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

Most grid traders can do very well for long enough to get past the refund period. But the real proof is a ten year backtest even with 90% data as long as it is complete.

The problem is that to survive for this length of time, the risk factor has to be so low that you could get a better return from a bank deposit account. That's why you usually see those backtests from 2011 only.

I am working hard on a grid/marty EA that will survive over ten years and make reasonable profits. But I could be wasting my time 

[flatour]

For me, no martingal robot can survive long time
So for me backtest means nothing
I know it is very risky, so if I make 10 or 30% per month, I have to withdraw, and NOT to raise lots... or be aware of the risks.

This robots seems very risky as it is martingal, and seems to raise lots quickly, how ever, for a martingal bot, it seems quite good...

[hammy]

all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

Most grid traders can do very well for long enough to get past the refund period. But the real proof is a ten year backtest even with 90% data as long as it is complete.

The problem is that to survive for this length of time, the risk factor has to be so low that you could get a better return from a bank deposit account. That's why you usually see those backtests from 2011 only.

I am working hard on a grid/marty EA that will survive over ten years and make reasonable profits. But I could be wasting my time 

I can assure you my profits with TEA are far better than a bank deposit savings account, even after a couple of setbacks with high DD. But you must use very strict MM and only trade with certain pairs. Most people who have failed and given up on TEA either traded too many wrong pairs or used poor MM. Even the official account on TEA website was not the best way to trade this EA, IMO.

I wish you luck trying to create a grid/ marty EA better than TEA...

cheers !

[robl45]

all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

The problem is that to survive for this length of time, the risk factor has to be so low that you could get a better return from a bank deposit account. That's why you usually see those backtests from 2011 only.

EXACTLY!!

grids aren't worth the time, far more money to be made with other systems.

[hammy]

all grid systems do NOT blow !

Tom's EA has been my best EA the past year, even with some serious DD it did not blow my account. I don't use Forex Envy, but I read that it is doing well so far ?

Robominer was a poor strategy, Crescendo is dangerous with GU pair.
FGT EA uses GU pair so I would not personally trade a grid system with that pair.

cheers !..

The problem is that to survive for this length of time, the risk factor has to be so low that you could get a better return from a bank deposit account. That's why you usually see those backtests from 2011 only.

EXACTLY!!

grids aren't worth the time, far more money to be made with other systems.

Ok, whatever works for you !

good luck !..

[soulfire]

It depends on personal preference. If a grid EA blows every 6-12 months but doubles every 2-3 months and you are withdrawing profits monthly then you are doing very well.

2 questions:

FGT mentioned that the official myfxbook account with the 35% DD is more risky because it is a cent account. Why would it be higher risk on a cent account? Or do you mean that because it is a cent account you manually run it at a higher risk than you would on a normal account?

Why do you focus on the GU? I would have thought there are better ranging pairs with less big trends such as EURGBP, USDCAD, GBPCAD, AUDNZD. All I can think is that the GU has a balance between volatility and lower spreads?

[robl45]

unfortunately they don't blow on schedule for you. what if you put your money in and the next trade is the one that blows?  you are assuming that you get X amount of time to make some money before it blows.

It depends on personal preference. If a grid EA blows every 6-12 months but doubles every 2-3 months and you are withdrawing profits monthly then you are doing very well.

2 questions:

FGT mentioned that the official myfxbook account with the 35% DD is more risky because it is a cent account. Why would it be higher risk on a cent account? Or do you mean that because it is a cent account you manually run it at a higher risk than you would on a normal account?

Why do you focus on the GU? I would have thought there are better ranging pairs with less big trends such as EURGBP, USDCAD, GBPCAD, AUDNZD. All I can think is that the GU has a balance between volatility and lower spreads?

[flatour]

Good questions...

And what if we size the lots in order to go from 30% per month profit and 30% DD to 10% profit and 10% DD? Maybe account wouldnt blow?

I also think it is a question of schedule...

Hurry to see answers, why not a more stable pair? (is there? I dont trade manually)

Did someone buy already?

It seems limited to 1 live account per license?

[ForexSourceCodeInc]

At the early stage of testing, we wanted to test the EA to its limits so we decided to run it on a $250 cent account. Using a starting lot of 0.01, at some stages the EA opens up to 1.0 lot resulting in a big DD up to 35%. On a standard account we might need to do some maths depending on the accounts leverage.

As regards the other pairs, we haven't tested it on them yet. I already told Gabor (vendor) to set up the EA on those pairs to monitor their performance. I guess GPBUSD was just the vendors favorite pair.

Thanks,
FGT support

It depends on personal preference. If a grid EA blows every 6-12 months but doubles every 2-3 months and you are withdrawing profits monthly then you are doing very well.

2 questions:

FGT mentioned that the official myfxbook account with the 35% DD is more risky because it is a cent account. Why would it be higher risk on a cent account? Or do you mean that because it is a cent account you manually run it at a higher risk than you would on a normal account?

Why do you focus on the GU? I would have thought there are better ranging pairs with less big trends such as EURGBP, USDCAD, GBPCAD, AUDNZD. All I can think is that the GU has a balance between volatility and lower spreads?

[ForexSourceCodeInc]

A license works on 3 accounts (demo/live)

Good questions...

And what if we size the lots in order to go from 30% per month profit and 30% DD to 10% profit and 10% DD? Maybe account wouldnt blow?

I also think it is a question of schedule...

Hurry to see answers, why not a more stable pair? (is there? I dont trade manually)

Did someone buy already?

It seems limited to 1 live account per license?

[kjen17]

A license works on 3 accounts (demo/live)

Good questions...

And what if we size the lots in order to go from 30% per month profit and 30% DD to 10% profit and 10% DD? Maybe account wouldnt blow?

I also think it is a question of schedule...

Hurry to see answers, why not a more stable pair? (is there? I dont trade manually)

Did someone buy already?

It seems limited to 1 live account per license?

why not post 10yr backtest so we can see how often it blows account at any given risk?

[flatour]

Can we go from 30% profit and 30% DD to 10% profit and 10% DD?

Sure, it solely depends on your account size, starting lots e.t.c .

Thanks, please can you be more specific? Imagine I have a 10K$ account, I want about 10% profit, and 10% DD (so a third of your live cent myfxbook account), what should I change in settings?

ShowTradeComment
MultiLotsFactor
StepLots
double TakeProfit
UseTrailing
TrailStart
TrailStop
MaxOpenOrders
SafeEquityStopOut
SafeEquityRisk

Thanks