New EA Priceless GRID PRO - (No Limitations)

The Indicators the EA uses to enter are :

1. 60SMA
2. long term MACD 30,60.30
3. Short term MACD 12,26,5
4. 5/15 min candle chart (optional)

The long term MACD is used to give the direction in which it can take trades, eg when the histogram is positive take long trades and when negative only take short trades.
Once there is a trend going on the long term MACD look for a pullback on the short term MACD, it must go negative on the histogram for a least 2-3 bar.

The original thread is this :https://www.forexfactory.com/showthread.php?t=163700

So i wanted to make an EA to auto trade with those conditions,so i Hired a professional MT4 coder to do it.
During the tests with TickData in M5/M15,i had some good results but when we talk about grid,the main problem is how to control the DD.
This EA has parameters 4 parameters to do that which you might want to play while testing,or make any improvement in the code.

Some of Parameters which you might need explanations :
1.//Add lot - when the price goes against your order,it will open another order with initial lot + //AddLot
2.//One trade per acc by magic :
- false > same magic number for all pair,each one works for its own. Its a waste of time giving different magic number to all pairs.
- true > same magic number for all pairs,the Ea will check if any other pair has a order opened and if not it will open the order,
but if there is another opened,it will not open another. This way only 1 pair will trade,the one who opens first.
For those who want to keep the DD in control,i thought this is a good feature.
3.//X bars before (minimum average distance) - It will check the open/close price for last X bars of TF below and open a order if the price has gone against you and the distance is >= than this average.
//X bars before TF = I prefer H1 or H4.
============ Close part from grid ============
4.//Start close part when we have X orders (0 - not use)
//Ammount of orders for close = 2
//Minimum sum for close = 5
If the grid has opened 6 Sell Orders and the profit of order 5,6 is = 5,it closes 5,6 .

For the coders out there, you might see in the code that this EA is also a manual trader which respects the grid conditions. You can tweak the code as you like.

I have created a 2 Trade Explorers TF M15 with this EA : https://www.forexfactory.com/mastercool66
- 28 Pairs with initial lot 0.1 because there are 3-4 signal per day on all of them. : https://www.forexfactory.com/mastercool66#acct.09
- 28 Pairs with initial lot 0.1 but 1 trade per pair : https://www.forexfactory.com/mastercool66#acct.58

Lets see what happens.
Currently im live with this EA and will posts results along the way.

 

Thanks for sharing..permission to dwnld..can we test in real acc?

 

im currently live with this EA.
Also check the demo here how is it going : https://www.forexfactory.com/mastercool66#acct.09

 

Thanks for Sharing!

 

Very nice buddy. Thanks a lot.

 

Im stressing the demo accounts with 0.1 lot per 1000 Eur with lev 1:500 .
So far they look good till now : https://www.forexfactory.com/mastercool66#acct.09

 

does not work in bt, why??

Ty for share¡¡

 

It works. Switch manual trade to false.

 

The backtests are showing, that it is very difficult to manage the stopploss/takeprofit-ratio and the trailing is also a little bit tricky.

I can´t find a set, which is working well, but i´ll look again

 

This is what im using :

 

The EA in the first post has less settings as in the screenshot posted by you. What is the difference between the two?

 

Good but we don't have access to almost half of the settings. Will be hard to find a fine settings like that.

 

Attached is the expert with all the settings i had hidden because they i used the same values.
I launched a new demo with SL 200 pips and no grid for 28 pairs.I want to see the overwall results with SL too. No SL , No Sleep .

 

Hi

Long only works but short only doesnt work

Is there any setting parameter for that?

 

which TF are you using 15min?

 

I tried your settings above but 0.02 instead of 0.1 lots on EURUSD 15 min TF done look good

 

Yes.But u can use 5min too,more signals,more risk,more gains,more DD.....

U are using the default tester of MT4,i use TickDataSuite with better tests mods,but still i use it only to check on the logic,not the results,i dont trust Mt4 Backtests.
Best way is a demo and let it go.
I have created 3 Trade Explorers TF M15 with this EA .
- 28 Pairs with initial lot 0.1 because there are 3-4 signal per day on all of them. (PricelessGird_1)
- 28 Pairs with initial lot 0.1 but 1 trade per pair (PricelessGird_2)
- 28 Pairs with initial lot 0.1 with SL 200 pips,trail 1/100 .(PricelessGrid_SL200)

Will let them run for 1 month to see what happens.Stresstesting them with 0.1 lot is better,because i know with 0.01 they will last longer.

Its not my grid idea.I took this strategy from https://www.forexfactory.com/showthread.php?t=163700 and made an EA with some tweaks,also posted it for free.

 

Thanks for your help in making this free bro appreciate it. May I know what settings do you use for Grid 1 Grid 2?

 

Check attached all 3 set files.
- 28 Pairs with initial lot 0.1 because there are 3-4 signal per day on all of them. (PricelessGird_1)
- 28 Pairs with initial lot 0.1 but 1 trade per pair (PricelessGird_2)
- 28 Pairs with initial lot 0.1 with SL 200 pips,trail 1/100 .(PricelessGrid_SL200)

From all 3,i want the one with SL 200 to succeed.

 

do you just leave it running on vps or turn it off when there is news event