Dear Customers and Subscribers,

major update coming up soon.. 

Regards,

FXALGOS

Version 2.0 - 2018.07.17

Power Grid Bot 2.0 OUT NOW!

Regards

FXALGOS

Dear Customers and Subscribers,

since I got this question a few times, I would like to remind you that for an accurate backtest it is important to do a Tickdata Backtest using real Tickdata.

There are a few ways how you can do this. Backtest Quality should always be 99% for a realistic impression of how Power Grid Bot (or any other EA) works.

You can also go further and use variable spread and slippage simulation as well as trading costs per round lot. I did this in the short video you can watch

on the overview page.

I started a Demo account for demonstration purposes. However it is very new and has a short history. It uses the Normal Risk settings with $1000 starting Balance.

But it is fully verified. I will add a Screenshot.

I wish you all the best and feel free to continue asking if anything is unclear.

Regards,

FXALGOS

Version 2.2 OUT NOW!

Further improved Entry Logic and Performance through advanced filtering process.

Regards,

FXALGOS

Dear Customers and Subscribers,

Version 2.3 is coming up.

I strongly recommend to use the Default Settings. Remember to set the GMToffset parameter to your current Broker

GMToffset (Summertime), this should be +3 in most cases. You can alsways ask your broker to clarify.

Regards,

FXALGOS

Version 2.3 OUT NOW!

Regards,

FXALGOS

Dear Customers and Subscribers,

due to some stresstests, I recommend a minimum Leverage of 1:100 instead of the previous 1:50

This will allow Power Grid Bot to have enough room to breathe to recover from a drawdown. 

Please contact me if you have any questions or give me a feedback. I will be happy to help wherever I can.

Regards,

FXALGOS

There is a massive update coming up this week! 

• Power Grid Bot aims for stable and consistant gains while keeping risk at a reasonable level.

• Key to this are smart moneymanagement, good trade entries as well as other optional security measures.

• The bar is set high and there were huge amounts of hours and code put into the upcoming version.

The main changes concern moneymanagment and intelligent grid structure and there will be a completely new look to the inputs tab and layout.

Power Grid Bot will be able to automatically adapt to DST (US) which most brokers use, so users don't have to change the GMToffset between summertime

and wintertime anymore. Simply type in your brokers GMToffset for wintertime (in most cases +2), and you are good to go.

Following are the new features of version 3.0 . The EA was completely overhauled and refurbished.

- Function Lot addition / LotPlus recoded and improved for all account sizes

- Parameters Start Balance and Balance Step added

- Parameter Magic Number added

- Parameter Trade Comment added

- Lotsize of initial trade linked to account balance and balance step

- Lot addition linked to account balance and balance step

- Maximum Lotsize linked to account balance and balance step

- Disable Monday trading parameter added

- Disable Friday trading parameter added

- set GMT offset to +2 by default

- automated DST change (US)

- Parameters renamed for easier understanding

- new inputs tab layout

- Removed LotMultiplier parameter

- Removed Trend Filter parameter, Trendfilter timeframe and Trend moving averages

- Removed RiskBalancePercent parameter

- Removed EquityTP parameter

User Guide Power Grid Bot

Recommendations:

• EA Settings: Use Default Settings (click on Reset in Inputs Tab)
• Symbol: Use recommended pair/pairs only
• Time Frame: M15
• Brokers: ECN brokers and non- ECN Brokers, low spreads and commissions (trading  costs), recommended leverage must be available, FIFO or non-FIFO, micro lot account (0.01 lots)
• Minimum Deposit: $3000 USD.

Instructions/Setup

1. In  your MT4 terminal (at the top), make sure that the "AutoTrading" button is enabled (when disabled=red, when enabled=green). You can also press Ctrl+E for that.
2. On the top left click on Tools and the Options. In Options Menu click on Community tab, type in your mql5.com Login and Password. Click OK.
3. Click on Terminal (Ctrl + T) on the top left and then go to the Experts tab in the Terminal menu.
4. Search for and download Power Grid Bot from the Market (Buy or free Demo only for the Strategy Tester). For Backtesting instructions view "Backtesting with Birt's Tick data Suite (recommended)" - - - Instructions are below.

For Live Trading

1.    Drag and drop Power Grid Bot onto the M15 Chart from the Navigator menu  onto the M15 Chart of the  recommended pair.
2.    In the EA menu (F7), go to the  "Inputs" tab and set your brokers GMToffset value for Winter (it is set to 2 by default, which is correct for most brokers)

Backtesting with Birt's Tick Data Suite (recommended)

1. If you don't have Birt's Tickdata Suite -> There is a free trial version available
2. Download the Tick Data of the recommended pair (Tick Data Manager) -> click "Arrow Symbol Down" on the right side. When Download is finished, close Tick Data Manager.
3. Open your MT4 Terminal and the Strategy Tester (Ctrl+R)
4. Select the recommended Symbol / Pair
5. Select Period M15
6. Select Model: "Every Tick..."
7. Tick  "Use tick data" in the Strategy Tester
8. Click on "Tick data settings"
9. Under the "Basic" tab, enable "Use variable spread".
10. Under the "Basic" tab, set GMT Offset to "+2" (default).
11. Under the "Basic" tab, set DST to "US" (default).
12. Under the "Advanced" tab, enable "Leverage" and set to the recommended value
13. Click OK.
14. Under "Expert Properties" in the MT4 Strategy Tester: Under "Testing" tab, set "Initial Deposit" to $3000 USD (minimum recommended deposit)
15. Use default EA settings (click on Reset in the Inputs Tab)
16. Check if GMToffset is set to 2. Click OK.
17. Start the Back Test

Version 3.1 is out! It has adjustable Lotsize of initial trade. For backtesting and trading you can set the Lot size of initial trade to 0.01,0.02 or 0.03.

Important notification for backtesting and live. Leave all settings as default. Do not change Start Balance or Balance Step. These parameters are the basis of the lotsize and grid cycle calculations. The EA will adapt automatically to your account balance in backtesting as well as live.

In the new Version 3.5 Start Balance and Balance Step are hardcoded to make the EA more userfriendly. I recommend to leave all settings as default.

I changed the demonstration account leverage from 1:50 to 1:500 in the process of further developiong the system. It harmed the reliability score of the signal a bit, so i am not going to change it back. But the system DOES work with leverage of 1:50 

Regards 
FXALGOS

Restructured Inputs Tab. For clarification, the Initial Lotsize, Lot addition and Maximum Lotsize are Based on Grid Cycles and Balance Steps. These are not absolute values, but dynamic. They adapt to your account size.  Minimum Initial deposit to run the EA are $3000, which are not neccessarily equal to the Grid Cycles. I strongly recommend to leave all settings as default.

Changed default settings to start with 0.01 lots. Grid Cycle is now $1500 as default and minimum order distance (in pips) changed to 15. This setting can be considered low risk, which it is set as default.

User Guide Power Grid Bot

Recommendations:

• EA Settings: Use Default Settings (click on Reset in Inputs Tab)
• Symbol: Use recommended pair/pairs only
• Time Frame: M15
• Brokers: ECN brokers and non- ECN Brokers, low spreads and commissions (trading costs), recommended leverage must be available, FIFO or non-FIFO, micro lot account (0.01 lots)
• Minimum Deposit: $3000 USD.

Live Trading Instructions:

• Drag and drop Power Grid Bot onto the M15 Chart of the recommended pair.
• In the EA menu, set your brokers GMT Offset value for Winter in the inputs tab (set to 2 by default, which is correct for most brokers)
• Leave all other EA settings as default.
• In the EA menu, under the "Common" tab, click on "Allow live trading" (must be ticked)
• On your MT4 terminal (at the top), make sure that the "AutoTrading" button is enabled (when disabled=red, when enabled=green)
• You should now see a smiley face on the top right corner of the chart

Backtesting with the standard MT4 Strategy Tester

•      In your MT4 terminal click on "Tools" in the Menu bar
•      Then click on History Center
•      Under Symbol select GBPUSD and double click on M1
•      When M1 is selected, click on "download"
•      Now the time of the downloaded history data will be calculated according to your broker account time zone (you can ask your broker about the GMT Offset)
•      When the download is complete , you can close the window
•      Click on "Expert Properties" and click on the "Inputs" tab
•      Set the value of "GMT offset (Wintertime)" to your account timezone/GMT offset. Set US DST to "false"
•      Under Expert Properties in the MT4 strategy tester: Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended deposit)
•      Close and restart your MT4 Terminal
•      Select recommended Symbol (GBPUSD) in the MT4 Strategy Tester
•      Select Period M15
•      Select Model: "Every Tick"
•      Select Spread "15"
•      Make sure you selected Power Grid Bot as Expert Advisor to test
•      Click on "Use Date" and select from 2003.05.05 to today (equivalent time period to Dukascopy Real Tickdata)
•      Click Start to backtest

Backtesting with Birt's Tick Data Suite (most exact way to backtest)

• If you don't have Birt's Tickdata Suite -> There is a free Trial Version available
• Download the Tick Data of recommended pair (Tickdata Manager)
• Open you MT4 Terminial
• Select recommended Symbol
• Select Period M15
• Select Model: "Every Tick"
• Click on "use tick data" in the strategy tester
• Click on Tick data settings
• Under the "Basic" tab, enable "Use variable spread".
• Under the "Basic" tab, set GMT Offset to "+2" (default).
• Under the "Basic" tab, set DST to "US" (default).
• Under the "Advanced" tab, enable "Leverage" and set to the recommended value
• Click OK
• Under Expert Properties in the MT4 strategy tester: Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended deposit)
• Use default EA settings (click on Reset in the Inputs Tab)
• Make sure GMToffset is set to 2
• Start the backtest

Dear Customers and Subscribers,

the new Version 5.0 is OUT NOW!

What's new: More trades, less required deposit, more adjustable. However make sure you know what you are doing. Otherwise please leave all settings as default. They work fine.