Chock Hwee Ng
Chock Hwee Ng
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8+ 年
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Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 29 May to 2 Jun 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
Grid Hero Version 4.0 has been published and is now available for download!!!

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng

Version 4.0 Release Notes - Published on 31 May 2017:
- Enhanced overall grid algorithm for lower draw down
- Enhanced trend detection with additional trend confluences
- Added function to detect overbought and oversold conditions
- Fixed minor bug on Friday/Saturday close

The Release Notes and Set File are also updated in the GRID HERO FAQ.

Refer to screen shot below for Grid Hero Version 4 Back Test from 2008 to 2017 using Birt's Tick Data Suit.

Safe trading...
Regards,
Dave
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 22 to 26 May 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
EURUSD's big move this week...

Clearly as you can see from EURUSD's hike since this week's Monday open to Friday close, it has trended up approximately a whopping 300 pips in just a week.

Obviously such strong trend is usually not favorable to ranging strategies as well as grid strategies.

If you've been following the performance of other grid strategies in the market, you should more or less see larger draw downs incurred, or worst some actually had their account blown on this week.

However if you take a look at Grid Hero's performance chart or trade transactions from this week (15 to 19 May), you would have noticed that Grid Hero is not at all affected by this week's strong trend, unlike the other grid strategies.

And the reason why Grid Hero is able to avoid such unfavorable market movement is because of its various built-in filters to ensure the most desirable trading conditions possible for the EA.

That said, if you look at one of my demo signals, the "Intelligent Grid Algorithm", you'll notice that it has taken a pretty hefty draw down from this week's EURUSD strong move.

But as usual, it managed to recover its positions in return for a good profit instead of losses - which is the gist of grid trading.

It is important to know that there is a huge difference in the trading algorithm and risk management between "Grid Hero" and "Intelligent Grid Algorithm", which explains why the huge difference in characteristics between the 2 EAs.

Grid Hero is built for longevity with good risk management without the need for a large account, whereas the Intelligent Grid Algorithm is tuned to be highly aggressive which is only suitable for large account.

And the reason why I am keeping both signals running (Grid Hero & Intelligent Grid Algorithm) is for me and you to compare the characteristics and risk differences between the 2 EAs.

Basically from this week's market condition, it is evident that Grid Hero stands out to be the better grid EA in all aspects (algo, risk, etc) which is in-line with what it is built for - longevity without the need for a large account.

Safe trading and have a good weekend...

Regards,
Dave

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 15 to 19 May 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 8 to 12 May 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
IMPORTANT NEWS ALERT: FRENCH ELECTION (Final Round) on Sunday 7 May >> To Stop Trading:

Just giving an advance notice that the final round of the French Election will be held on this coming Sunday 7 May.
Naturally from the first round's result, many are expecting Macron to win. But if he loses to Le Pen, then be prepared for a market upset - something we would want to avoid.
In case you forgot, remember the 200 pips gap on Monday Open from the first round of election? You wouldn't want to get caught in this.
As such, likewise for this round I'll be stopping all my EAs starting from this weekend and will monitor the market on Monday and Tuesday to assess when to resume trading.
Again, I would recommend you to do the same as well, and then look out for my update in this forum when I resume trading.

Instructions to stop EA trading before the event:
1) Disable "AutoTrading" on your MT4
2) Then manually close all opened trades (if any)

Instructions to resume EA trading after the event:
After the event, just enable back "AutoTrading" on your MT4 to resume trading.

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng

Safe trading...
Dave
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 1 to 5 May 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 24 to 28 Apr 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
Grid Hero Version 3.0 has been published and is now available for download!!!

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng

Version 3.0 Release Notes - Published on 28 April 2017:
- Added a new Display Panel for showing trading info and real time news feeds
- Added Display Panel parameters to the EA parameter menu
- Fixed a minor bug on Monday delayed trading start time
- Minor restructuring of codes for better efficiency on general processing

The Release Notes and Set File are also updated in the GRID HERO FAQ.

Safe trading...
Regards,
Dave
Chock Hwee Ng
Chock Hwee Ng
UPDATE: I've resumed my GRID HERO trading post the first round of French election...

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
IMPORTANT NEWS ALERT: FRENCH ELECTION on Sunday 23 April >> To Stop Trading:

Please note that the first round of French Election will be held on this coming Sunday 23 April.
This election looks to be a dramatic one in recent European history, and this is one of those high key major events that I would recommend NOT to trade.
Personally I will stop all my EAs starting from this weekend and will monitor the market on Monday and Tuesday to assess when to resume trading.
I would recommend you to do the same as well...
I will update here again in my profile page and product forum when I resume trading.

Instructions to stop EA trading before the event:
1) Disable "AutoTrading" on your MT4
2) Then manually close all opened trades (if any)

Instructions to resume EA trading after the event:
After the event, just enable back "AutoTrading" on your MT4 to resume trading.

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng

Safe trading...
Dave
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - Myfxbook Verified Portfolio on Real Account (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 17 to 21 Apr 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
A sneak preview of Grid Hero Version 3 - it includes a graphical panel:

I think there are many visual effect lovers out there who just love looking at graphical panels.
As such in Version 3, I will be adding on Grid Hero's very own graphical panel to display some useful trading data as well as real time news feeds.
The graphical panel is purely for display purpose, hence you can choose to enable or disable it - up to individual's preference. Below screen shot is a sneak preview of the graphical panel.

I still need to do some further testings before sending it to MQL for approval. So stay tuned for Version 3...

Safe trading...
Dave

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - Myfxbook Verified Portfolio on Real Account (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 10 to 14 Apr 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
Grid Hero's built-in PIPS AVERAGING MATHEMATICAL ALGORITHM (P.A.M.A.)


Let's elaborate on Grid Hero's built-in PIPS AVERAGING MATHEMATICAL ALGORITHM (P.A.M.A.) using today's live trades as real live example.

Referring to the screen shot below from my real account, as you can see in today's trades transactions:

1) First Sell order was placed at 1.05962

2) But then price suddenly moved against our First Sell Order

3) Price moved up against our Sell Orders by 74 pips to 1.06701 when the last Grid Order was placed

4) Price then loses momentum after the strong up trend and then started to retrace down - the usual ebb & flow movement

5) Price only retraced 17 pips and Grid Hero EA exited all trades with profit using the Pips Averaging Mathematical Algorithm (P.A.M.A)

6) All these trades were opened and closed today as you can see in the trades history from the screen shot below

7) For further verification, you can also cross check with my live signal for this account: https://www.mql5.com/en/signals/274272

Basically main point to show here with today trades is that despite the price moved against us by 74 pips, we only need a humble retracement of 17 pips to take profit.

This is the gist of Grid Hero, designed to take advantage of the ebb & flow nature of the Forex market, a phenomenon that we see everyday in trading.

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - News Filter cannot be back tested and hence back tests cannot accurately reflect Grid Hero's true potential:

News Filter is a critical element of Grid Hero and must be enabled for the long term success of the strategy.

However the News Filter cannot be back tested in the MT4 strategy tester and hence the real potential of Grid Hero's performance is not accurately reflected in back tests.

The only way to see Grid Hero's real potential is to run it on DEMO or REAL account with News Filter enabled.

And of course alternatively you can monitor my Live Signal on my REAL account:
MQL Signal: https://www.mql5.com/en/signals/274272
Myfxbook Verified Portfolio: myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396

As usual please PM me if you've any questions or simply post your questions here in this comments section.

Safe trading and have a good weekend...

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng

Regards,
Dave
Chock Hwee Ng
Chock Hwee Ng
GRID HERO - This week's full trades transactions 3 to 7 Apr 2017 (see screen capture below):

GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng