Breakeven setting on the selected instrument (including for manual trading)

Hi Charles

Purchase completed. any imputs or new settings? Im running on default EUR/USD

The correct settings depend on the market situation. Elastic Grid gives you the ability to easily change them on the fly and immediately for the entire grid, adjusting it to your understanding of the current situation on the market without restarting... and also automatically close trading when a specified result or time is reached.

If there are technical questions about the capabilities of the adviser, I can explain it to you. But you will have to choose a grid strategy yourself, depending on what forecast you give to the market.

If you predict a trend, this is one settings, if a flat is different. These are two basic directions, which, in turn, should include the long-term nature of the proposed trade and only then various other nuances.

p.s. To begin with, I would advise you to trade on a demo account and see how the adviser reacts to various settings changes right during the trade. And then Iwould advise you to trade on a demo account and see how the adviser reacts to various settings changes right during the trade. And then I would recommend learning how to use the Elastic Grid with strategy tester, and then you will begin to understand for yourself how best to use its capabilities for each specific situation.

Hi, I don't know how to show it on the video, because I don't know how to combine robot trading with manual intervention in the strategy tester. However, I think I can answer your question in writing.

For example, changing grid settings can be successfully used to counter a trend. That is, if you unfolded the grid in order to make money on a flat, but then realized that the market began to move in one direction (for example, up), it is not necessary to immediately collapse the grid and fix losses. In this case, and in the simplest version, you can simply increase the take profits for buy orders. In a more complex version, you can reduce their step and (or) increase their volume and number. Along the way, you can reduce the profits for sell orders, reduce their volume, or even reset them for a while, leaving only market positions. Thus, large drawdowns can be avoided.

That is, the principle here is as follows: we do not collapse the grid, but gradually follow the trend, and on rollbacks we also close sell positions. Thus, by playing with the settings, we can constantly adjust the grid to our current understanding of the market without the need to fix losses.

This is an example for a long-term strategy and the main evil here is swaps, which can gobble up all profits until the moment when the price returns to the open position again. Therefore, for this strategy, you need to choose instruments with small swaps or no swaps at all. And of course, the experience of understanding what exactly you are doing is required, and this is achieved only in practice.

Good day Aliaksandr,

Thanks for your detailed reply and my apologies for my late response.  I will continue to practice however I am struggling to manage DD once the trend changes and get the equity curve back. Its the big moves that you get caught up in that can be the issue. That is where one side of the market rather than both seems to definitely work better.  I have been mostly using close by profit feature which I think is great. The sooner you make your profit and close the grid the better in some ways even though leaving it to trade for longer periods such as weeks or the full month on the whole does seem more profitable but more risky.

May I ask on the latest update before I install what changes have been made to the close by profit feature?  I did have a small problem if trying to trade again for example at night if it had closed earlier that day at its profit target. I got round this by channging the magic number.

Many Thanks

Matthew

To add I think the problem I have been having is trying to change settings on the fly using the tester. when you start and stop at a set time it is technically possible but as you mention in your last reponse you need to slowly close the wrong sided positions with profit which I guess I need to practice more in demo. This will be my next task.  Many Thanks Matthew

Hi! There can be many strategies, but I just gave an example of how to use settings changes with large movements and long-term trading. In this case, you need to look more at the total lot and how it changes when the price leaves the range. Even if you simply remove orders opposed to the trend, the total lot will begin to change in the right direction.

In your strategy, it is really most relevant to use the possibilities of profit control when trading. In the last update of the EA, the time management function for trading with a profit limit has been improved. Improved the accuracy of historical data analysis and the ability to start EA on the future time. That is, if you set the start time in the past, you can see all the profit up to the current moment from the specified time. Or pre-plan the start of trading at the time of the release of any news.

The accuracy of the final calculations has also been improved, when the amount of the total profit may differ significantly from the moment the positions were closed and the operation was completely completed.

ps. Regarding the restart of trading with the selected profit control mode, it is enough to turn it off in the settings, save, and then turn it back on.

Thankyou for your reply. May I ask. What timeframe and method to decide on the trend have you found suited this type of trading best?

For example if you were trading gu how might you approach your grid and management of it at this moment in time to give me a live example?

Many Thanks

Matthew

What means "gu"? And what type of trading are you asking about?

sorry i meant gbp usd forex pair when i said GU

I mean how would you approach that market currently and what timeframe do you generally manage your grids on? also do you use moving average for trend?

I do not use a moving average for a trend. To determine the trend or trading range for my grid, I use those timeframes within which I plan to trade.

That is, judging by the older timeframes (weekly and monthly), there is a clear downtrend for the GBPUSD. But it has been going on for quite a long time and I can only guess what will happen next ... like all other traders.

My opinion is that now you should not enter the GBPSD with online trading for more than a day or until we go beyond the daily flat. Take profit to the height of the average four-hour candle (200-300 points on a five-digit). Finish trading by the total profit, the value of which must be selected depending on the given volumes... and which can be selected in the tester from July 28 until today. Also determine the total stoploss

That is, the idea is to determine the boundaries of at least some actual flat and select more or less universal settings for it in the tester.

Hello

I have Purchased your Elastic Grid
I have 2000 USD in Account

I want to Trade XAUUSD with Wide Grid  from Buy LEVEL 1670 Grid Qty 20  and SELL Level 2070  Grid Qty 20   Lot Size : 0.01

Please send me Set File.

Also I am Getting error : Error place code:  Trade_Error_cycle_SellDown [OnTick]  Please resovlve it asap.

My Email : prem7986@gmail.com

Hi, give me the full text of the error message. I need a number!

Okay, thanks! I'll work on it. For now, you can ignore it. This will not affect the correct operation of the EA!

If possible, please provide a screenshot of your settings so that I can more accurately reproduce this error and understand exactly when it occurs.

I understand, give me a screenshot of your settings.