Grid trading EA based on Cablerun 3.0 - sucessfull until now, 0.2-0.5% daily

Whoever is interested, i created an enhanced version of a grid trading EA based on the idea of the cablerun 3.0 EA (which is full of bugs, it even is not closing all the trades it opened as the for{...} statement is counting wrong.

New Features are:

- Spike protection if spike > n pips for m seconds for example: stop trading for 180 seconds in case of 20 pips spike. This could prevent order executions caused by bad ticks, in case of news events etc.

- If in a trade during "non trading times" the Ea tries just to close at break even

- I added comissions and swap costs to the profit target

- Added a visual information about the status of the EA like "Trading", "Ending just the open trade",

"stopped trading becuase out of time window","stopped trading because of spike" etc.

- Corrected all bugs i found

- more enhancements will be added in the future

You can download my EA from my website http://www.sevenpips.com (it's added to the group "live trading" as a document attachement) where i post all my trades (realy money account and demo) - manually or done by this EA -in realtime.

I run the EA on my real money account but only with 0.1 lots / USD 26000 account size and it makes consistently about 0.2-0.5% daily. Max drawdawn was USD 700 until now.

Just before any discussion starts: no, i don't want to sell anything at my site, i just have fun to have my own website ;-) Therfore all i ask you is ( in case you like my site ) to register. I will enhance the site a lot in the next weeks with features helpful for my trading.

Of course, you can download my EA and put it here, I just don't know how to post attachements here...

BR,

Oshun123

Don't worry administrators will relocate the EA. To have $26,000 in equity to trade EA you must have a balls.

You create successful EA and don't know how to post it? Give me a break! Oshun you are foxy advertiser! Put the v3.2 here as we all share what we can. What we cannot share we don't post.

I assume that the v2.0 is not protected against spikes?

Cheers Hermes

here is your direct link to download the EA...

http://www.sevenpips.com/wp-content/uploads/group-documents/1/1324070401-Sevenpips.zip

Hermes, I really don't care about your offensice comments. It needs balls to put such an amount of money at risk without proper money management but having stop losses in the market and keeping risk per trade low is the magic...(and btw, that's another feature i added: stop losses - cablerun does not use them which is a huge risk). No, i did not create an sucessful EA. They basically don't exist. Money management is the key to success. All this people complaining about grid traders try to get rich with an USD 500 account...that's not possible. But you can successfully trade a huge account with relatively small gains (as i mentioned)...you need money to make money, like always in life. That's the advantage of grid trading, you don't have to guess the direction, you rely on your money management.

It does not need a lot of experience to program an EA like cablerun, it's a few lines of C-source. There is not any trading logic inside, just entering limit orders in both direction and keep buying/selling in case trade goes against you. But even this few lines of code the creators of cablerun messed up. The trade close logic was counting the number of open trades wrong.

You can download the EA from my site and put it here. I only see add buttins for videos and fotos, no other file formats.

It's kind of a strange conclusion if you think i am an advertiser...i just wanted to give something for free and I am sure you would get some knowledge out of the website i am building up but all you do is offending me. This kind of behaviour will not be the key to success in your life...

Don't worry administrators will relocate the EA. To have $26,000 in equity to trade EA you must have a balls.

You create successful EA and don't know how to post it? Give me a break! Oshun you are foxy advertiser! Put the v3.2 here as we all share what we can. What we cannot share we don't post.

I assume that the v2.0 is not protected against spikes?

Cheers Hermes

Thanks for putting the link to the EA here.

If anybody is interested I can give you advises how (regarding money management etc.) you should trade this EA.

Looking at the myfxbook website i see always the same pattern of accounts being traded with a grid trader: up up up -> down -> margin call.

That's not how it works. You have to trade really small lot sizes and have enough money to take some drawdown periods.theiur

People become enthusiastics when they see their account size doubling within a few weeks but be ensured, sooner or later the account will be blown up.

I trade successfully 3 EAs on one $1,500 live micro platform and didn't have a margin call yet, not even near. MM is very important factor and I agree with you that to have enough money in account and trading low lots is the answer. My recommendation is minimum $1,000 for micro and $10,000 for mini accounts.

What are you telling me you are not selling the v3.2 for $29 and something?

Put the settings here on forum instead of dragging people to your facelift website and try to make them soft.

Don't worry most of us on forum are not FX greenhorns but old FX Foxes who don't jump anymore on FX sellers scams.

Thanks Hermes

I even don't know what you are talking about, what is v3.2? What am i selling? Not here and not somewhere else i am selling anything... Is it clear now ?

But let's make it simple:

- I came here to offer something for free

- you immediately started to accuse me without the slightest proof

- I told you that i do not want to sell anything

- You continue accusing me...

So, Hermes, tell me: what would be a proof for you that i am not here to sell you something...or are you just doing this because you like to annoy the people?

Anyway, let's stop this childish conversation now.

The settings I am using are like this:

170 is the pipstep (i.e. 17 pips at a 5 digit broker)

I trade from 19 GMT until 7GMT

I activate spike protection if next tick is up 20 pips for 5 minutes

I set catastrope stop loss at 400 pips in case for some reason i can't access my account.

I trade 0.1 lots which gives me enough room for trades going against me and delivers 0.2-0.5% daily

I trade successfully 3 EAs on one $1,500 live micro platform and didn't have a margin call yet, not even near. MM is very important factor and I agree with you that to have enough money in account and trading low lots is the answer. My recommendation is minimum $1,000 for micro and $10,000 for mini accounts.

What are you telling me you are not selling the v3.2 for $29 and something?

Put the settings here on forum instead of dragging people to your facelift website and try to make them soft.

Don't worry most of us on forum are not FX greenhorns but old FX Foxes who don't jump anymore on FX sellers scams.

Thanks Hermes

BTW, what's the problem with dragging people to my website? You consider it a problem if i offer my knowledge about FX at my own site? Has this forum here some kind of monopoly? I don't get it.

thank you for your hard work and sharing spirit...if its proven that your efforts will lead to some success ...we will be more than happy to support you...

oshun, your http:// 7 pips.com from first post took me to your Website where http://gridmeupfx.is-leet.com/ took me to your sale site! v3.2 reduced from 39.95 to 29.95 (special) Gridmeup FX (or I grid you up FX?). Do you have something to say?

By the way no hard feeling just FX education. We should forget all the not productive female yapping.

OK, tell us more about your tweak on Cablerun EA, we are all ears around.

Cheers Hermes

The so-called link to my so-called sale site is nothing else than a recommendated EA i am using. The same way as i recommend other sites like www.ashraflaidi.com and don't tell me i am this guy as well...please do not tell lies here. I asked you already what would be a proof for you that i do not want to sell you anything but there was no answer...is there anything which would be proof enough for you or anyway this is not possible, because in this case we could stop the useless conversation.

Tell you more about my EA? Well, that's a very superficial question...what would you like to know?..could you please be more precise?

oshun, your http:// 7 pips.com from first post took me to your Website where http://gridmeupfx.is-leet.com/ took me to your sale site! v3.2 reduced from 39.95 to 29.95 (special) Gridmeup FX (or I grid you up FX?). Do you have something to say?

By the way no hard feeling just FX education. We should forget all the not productive female yapping.

OK, tell us more about your tweak on Cablerun EA, we are all ears around.

Cheers Hermes

For example how much was the highest DD or how many times qualitative and quantitative the EA lost during your trading period on live account and for how long are you trading the EA on live account?

What pair fits the best for the EA on what TF? M15 GBPUSD?

Actually, it looks very much like copy of IndoRun.

Thanks Hermes

Well, somehow almost every EA is a copy of another one. Just check out what's on the market:

- Scalpers which look great with their high hit rate of more than 90% but only until the first SL is hit...(Megadroid, EA Shark etc.)

- Grid trader or grid's enhanced with martingale (Cablerun, Indorun etc.)

- EA's using some kind of technical analysis which have a lower hit rate but as well a better RR-Ratio. They perform for some time and when conditions change it's over (Growthbot etc.)

In case of scalpers i really wonder how a EA would perform which decides the entry time just by a simple dice decision (yes/no). I assume there would not be any difference . Give a trade enough place (a huge SL) and most times you win...before the SL hits. etc.)

Regarding the comparision with Indorun: yes of course it's similar, as Indorun is based on cable run. Difference is that Indorun has trade entry logic added (applying technical analysis), cable run just enters the market as soon as the EA is activated. Not any logic at all. As I mentioned, i don't think it makes any difference.

Regarding my live account: I was trading several times (most times cablerun) and learned that huge drawdown can be avoided by trading tiny lot sizes compared with the account size. My Sevenpips Demo account is a combination of gridmeupfx and my own EA. Main goal for me is to add features to the EA which avoid risk, like in cases when loosing connection to my VPS etc.

My experience from manual trading is that the smaller the timeframe i used only watching the price action I had a hit rate of 65-70% (10 pip target with EURUSD, SL max. 20 pips). Any kind of indicator was not really a big difference to sucessful trading. Just watching tick by tick in my MT4 terminal is enough. Unfortunately this kind of very short time trading costs a lot of screen hours, therefore I try grid trading.

I use GBPUSD, the timeframe does not matter for my EA as no indicators are used...but it makes a difference for gridmeupfx as they added ATR and MACD indicators for entry decisions.

For example how much was the highest DD or how many times qualitative and quantitative the EA lost during your trading period on live account and for how long are you trading the EA on live account?

What pair fits the best for the EA on what TF? M15 GBPUSD?

Actually, it looks very much like copy of IndoRun.

Thanks Hermes

hi Oshun123,

May we know the trading hours from 2000 to 0600 is based on London timing or some broker server time?

Most brokers does not change their server time when London is in DST. Most brokers adjust their server time based on NY DST.

Please let us know so that we could make the necessary adjustment. Thanks.

It's the broker server time. Mine for example is GMT+2

hi Oshun123,

 

May we know the trading hours from 2000 to 0600 is based on London timing or some broker server time?

 

Most brokers does not change their server time when London is in DST. Most brokers adjust their server time based on NY DST.

 

Please let us know so that we could make the necessary adjustment. Thanks.

It is a pity entering 18 trades with Buy and Sell Limit orders and finish just one +$13.50.

What's wrong with the limit orders? Broker FXCM.

Hermes

I did not understand your question. What exactly happened?

It is a pity entering 18 trades with Buy and Sell Limit orders and finish just one +$13.50.

What's wrong with the limit orders? Broker FXCM.

Hermes

hi oshun123,

I was running the EA on Demo account with 5K. Since yesterday, the status on the chart was "Status: Trading terminated -> Max loss reached." Checking the account history, there was a realized loss of -155.45.

My guess the loss is due to low volume of trading during the first week of the New Year. Should I also disable the EA during US or UK or Germany public or Banks' holidays?

Will the EA continue to trade today or do I have to change Magic number and reinitialize it?

Please kindly advise. Thanks.

backtested free version

I did some BTs on the free EA here:

http://gridmeupfx.is-leet.com/download.html

(Gridmeupfx 2.0 Basic)

I couldn't make it work for a longer period of time, especially not before 2009. Perhaps that's why the BTs on the developers page only shows from 2009 and on? Has anybody succeeded in backtesting this EA for a longer time period? If so please post your set file.

I don't like grid EAs, this seems to be another one for the bin.

D