Excellent tutorial and answer to many issues about grid trading. Thank You! I would see your approach for statistical arbitrage pairs trading of cointegrated pairs. An another pure mathematical trading philosophy.
One suggestion I thought of. I don't know if this applies to forex ( I'm not really a forex guy) , but I can apply it to ETF Bull / bear pairs BITO/BITI , TQQQ/SQQQ. When the price reaches the next grid level, instead of selling 100 percent of the bull or the bear, I would sell a percentage like 90 percent only. I keep 10 percent to hedge against runaways. This will lower the profits, but provides some protection against worst case scenarios. It is important to understand that not all brokerages allow you to match which shares to sell, if you bought the same equity at different times for different prices. Most will have the FIFO/LIFO. Neither will work here.
This method also works with any sized grid combinations. Example: 1st level 20 pips, 2nd level 30pips, 3rd level 40 pips etc. Percentages of the average daily range might also be feasible on ranging pairs.
i've been using this kind of EA for morethan a year and it makes me money. My EA opens 10 grid buy stop and sell stop 5 grid step with stoploss and trailling stop, very safe and low DD. I used good indicator to open the trades. This one works with good coding. thanks
I have a range of microphones and I don't keep track of which I used. As a guess I may have used a cheap boya lav mic or a stadium desktop for this one. Then I have the usual range of microphones on the web camera, rode shotgun, blue yeti, and some unbranded in a box.
Hi Mr. Arthur, Thank you for your great work. Could you please explain how to add the framework for the expert to work? Or do I get to learn my way around it if I watch the complete framework videos?
Whether you download the framework as a zip or clone the repo you will have a directory structure in the download like MQL\Include\Orchard\... Just copy the Ordhard part into your MQL4 or MQL5 include. Using it is more complex and yes you should see the videos to understand but the download also includes examples in MQL\Experts.
Fantastique. Thanks for showing us this alternative way. I'm new to this and I have been looking at using some forex strategies with Equity ETFs. For example, BITI and BITO are two crypto ETFs that run in opposite directions. I'm curious if anyone here has been able to program grid strategies with these non forex instruments. Or with TQQQ/SQQQ ...etc.
thanks Orchard for the amazing video . i have such a good strategy (in my opinion (not tested yet)) , that execute trades non stop forever and uses hedging so risk is approximately zero. and need some help to build an expert advisor or such a bot to test the strategy and backtest it.
Our request system is under some maintenance but you should be able to find it at orchardforex.com/requests/ You can describe your request there. All information is public and no guarantees that we will act on your request.
Instead of closing out the winning trade as the price goes up to the next level and reopening the same position, isn't it better to just hold on the first winning trade and just add one more short at each level up? This way you won't lose as much from fees and spreads. Also, how do you open both long and short positons at the same time, do you need multiple accounts at different brokers?
There are several possible improvements and I mention in the reader that there is another coming but for this video I have remained true to the strategy as documented
@@OrchardForex You need the partial closes along the way because a closed trade is money in your pocket (zero risk). You might leave it open then it reverses before hitting the next grid level and turns from gain to zero or a negative.
Sir,What would you suggest as grid distance for GBP/USD and EUR/USD--and for GBP/AUD. GBP/NZD? May be--For GBP/USD as 100 pips & for GBP/AUD.GBP?NZD as 150 pips.? What would you say to grid distance suggestion as 50% of Weekly Grid? And thank you.
What if we stopped at level 3 instead, with 3 wins and 3 losses for break even? All the ones and twos would close in profit, all threes would be scratch. Why go to the 4th level when everything gets blown away? I am legitimately asking this question because honestly there may be something wrong with this logic that I am overlooking. Can we stop it at level 3 and start over?
I can only give a brief explanation here. The download from GitHub already matches the structure of the folders in your MQL4 or MQL5 directory. Simply copy files from the download to the corresponding locations in your MQL4 or MQL5
Well, if the price will continue to go down, all the way under the first grid, you will get a much more loses, unless you will constantly manually edit a stop loss summ. It is espetially crusial, when you sleep, and in dreams you cannot controle your grid.
@@OrchardForex ah yep that did it thank you! i'm just starting to learn your approach to coding in mql so alot of this feels new to me, super cool though!
Best explanation on the internet for grid algo trading.
Thank you
I concur 100%. Best explanation of grid trading strategies hands down.
Excellent tutorial and answer to many issues about grid trading. Thank You! I would see your approach for statistical arbitrage pairs trading of cointegrated pairs. An another pure mathematical trading philosophy.
Wow I was waiting for this! Thanks Sir. You’ve been my teacher for long time!
My pleasure!
One suggestion I thought of. I don't know if this applies to forex ( I'm not really a forex guy) , but I can apply it to ETF Bull / bear pairs BITO/BITI , TQQQ/SQQQ.
When the price reaches the next grid level, instead of selling 100 percent of the bull or the bear, I would sell a percentage like 90 percent only. I keep 10 percent to hedge against runaways. This will lower the profits, but provides some protection against worst case scenarios.
It is important to understand that not all brokerages allow you to match which shares to sell, if you bought the same equity at different times for different prices. Most will have the FIFO/LIFO. Neither will work here.
So you would run buy and sell grid on TQQQ and buy and sell grid on SQQQ. Each time you take profit you will only do 90% tp?
This method also works with any sized grid combinations. Example: 1st level 20 pips, 2nd level 30pips, 3rd level 40 pips etc.
Percentages of the average daily range might also be feasible on ranging pairs.
i've been using this kind of EA for morethan a year and it makes me money. My EA opens 10 grid buy stop and sell stop 5 grid step with stoploss and trailling stop, very safe and low DD. I used good indicator to open the trades. This one works with good coding. thanks
Wow if it worked for on year . Then I found the grail
Very detailed Explaination. Thank you so much.
Where can I change the grid size example from 200 pips to 50 pips, How can I change that.
This is very interesting! Thank you.😊
Glad you enjoyed it!
cool..would love to see you cover the sure-fire hedging strategy
The sure-fire hedging strategy is just another way of naming zone recovery. See ua-cam.com/play/PL0iqkWGt8zzmUTeLfGe-5V0LA_jiLKTsu.html
Nice idea - if the level count will be flexible it's better, in the backtest you gets 25% for the last 3 month, whit levelcount=3. Thanks you
Adjust it to anything you like.
pls which mic are you using now, and which one did you use to produce this video?
I have a range of microphones and I don't keep track of which I used. As a guess I may have used a cheap boya lav mic or a stadium desktop for this one. Then I have the usual range of microphones on the web camera, rode shotgun, blue yeti, and some unbranded in a box.
Do you have any numbers of historical DD it has?, or any myfxbook to have a look?????
interesting ea
Hi Mr. Arthur, Thank you for your great work. Could you please explain how to add the framework for the expert to work? Or do I get to learn my way around it if I watch the complete framework videos?
Whether you download the framework as a zip or clone the repo you will have a directory structure in the download like MQL\Include\Orchard\...
Just copy the Ordhard part into your MQL4 or MQL5 include. Using it is more complex and yes you should see the videos to understand but the download also includes examples in MQL\Experts.
i change the value of the mLevelCount to 10 , and it still keeps to 4 , and also it would be great if restarts not to stop , how i can do that ?
Sorry for asking but do you have a video showing how to use the framework and incorporate this Grid Expert with the framework. Much appreciated !
Actually there is no single how to for the framework,it grew through a series of videos, but maybe I should make a single video for reference.
Fantastique. Thanks for showing us this alternative way. I'm new to this and I have been looking at using some forex strategies with Equity ETFs. For example, BITI and BITO are two crypto ETFs that run in opposite directions. I'm curious if anyone here has been able to program grid strategies with these non forex instruments. Or with TQQQ/SQQQ ...etc.
Henri, I am able to do this program for free for you as long as the strategy is valuable. Do you mind to explain more about it?
@@erictan9274 Which platform do you program? Python? Which environment? Which Brokerage(s) APIs do you support?
thanks Orchard for the amazing video .
i have such a good strategy (in my opinion (not tested yet)) ,
that execute trades non stop forever and uses hedging so risk is approximately zero. and need some help to build an expert advisor or such a bot to test the strategy and backtest it.
Our request system is under some maintenance but you should be able to find it at orchardforex.com/requests/
You can describe your request there. All information is public and no guarantees that we will act on your request.
Instead of closing out the winning trade as the price goes up to the next level and reopening the same position, isn't it better to just hold on the first winning trade and just add one more short at each level up? This way you won't lose as much from fees and spreads. Also, how do you open both long and short positons at the same time, do you need multiple accounts at different brokers?
There are several possible improvements and I mention in the reader that there is another coming but for this video I have remained true to the strategy as documented
@@OrchardForex You need the partial closes along the way because a closed trade is money in your pocket (zero risk). You might leave it open then it reverses before hitting the next grid level and turns from gain to zero or a negative.
Sir,What would you suggest as grid distance for GBP/USD and EUR/USD--and for GBP/AUD. GBP/NZD? May be--For GBP/USD as 100 pips & for GBP/AUD.GBP?NZD as 150 pips.? What would you say to grid distance suggestion as 50% of Weekly Grid? And thank you.
I'm not going to make a recommendation like that. I suggest you try it in backtest and decide for yourself.
What if we stopped at level 3 instead, with 3 wins and 3 losses for break even? All the ones and twos would close in profit, all threes would be scratch. Why go to the 4th level when everything gets blown away? I am legitimately asking this question because honestly there may be something wrong with this logic that I am overlooking. Can we stop it at level 3 and start over?
If you just stop at level 3 without waiting for a retracement you will close at a loss.
Nice video . Can you help me with my Ea to get rid of error like : mismatched data on journal tab when it on strategy tester ?
I usually ignore them
Hi folks
How do i install a framework in MT4 i tried compiling the EA but got loads of errors
You can just download the framework and place it inside the include folder.
@@OrchardForex Thanks
@@AworexFXDid work after you downloaded it? Because I am also experiencing the same problem
Sir, May I ask how to install the file from Github?
I can only give a brief explanation here. The download from GitHub already matches the structure of the folders in your MQL4 or MQL5 directory. Simply copy files from the download to the corresponding locations in your MQL4 or MQL5
How do i loop this EA sir,because it trades only few trade and then stops immediately 🤔
This is explained in the video
Sir, i want an autotrading code on Mt5,
Where i go long above 20 EMA as long as the price is above 200EMA and vice versa... Please help
I use simple moving average comparisons as a base in many of my demonstrations. You can find many variations on the channel.
Thanks sir for this, is there any way to convert this code to ctrader bot ?
I'm sure you can but I've done so little with ctrader that I don't know how.
Well, if the price will continue to go down, all the way under the first grid, you will get a much more loses, unless you will constantly manually edit a stop loss summ. It is espetially crusial, when you sleep, and in dreams you cannot controle your grid.
If you watch the video you will see that there is a stop loss and when that is hit further trading can be stopped.
I know what i am gonna Programm tomorrow
The expert is mqh file. May I ask how to back test?
Backtesting for this is just like backtesting any other expert. If you don't know how to backtest it is too big a subject to cover in a comment here.
2:30 If it goes down right after the buy trade, then what?
The short side is the same but in the opposite direction
@@OrchardForex But then you lose the buy trade
I use grid trading manual..my stop loss 300pips..my grip 30pips..0.01(buy and sell)
You may want to adjust this with different instruments. Different pairs need different price ranges to "breathe"
Hello . Thank you. I am wondering if yoi sell this bot ??
If you follow the description links you can download it from github
@@OrchardForex yes thank you. But i need i ready one . Not only the algorithm
hello where can i buy this ea ?
If you take the time to read the description you can see where to download it.
Anyone else having trouble getting this working in mql4?
Did you install the framework?
@@OrchardForex ah yep that did it thank you! i'm just starting to learn your approach to coding in mql so alot of this feels new to me, super cool though!
Among many EAs and strategy, which EA on your channel is 100% safe and perfect?
I show how to code strategies but I do not provide any strategy recommendations
It's a pity that you can't just compile mq4 EA file, add it to your chart and test it😒
Why can't you do that?
@@OrchardForex I did it, and tested. It turned out to be easier than I thought. Sorry for my comment
can you share EA for this strategy please ?
Did you bother to read the description
U r wrong, u r not showing first sell stoploss and second buy stoploss. If u follow this u ll lose ur entire money its 1:1 ratio.
Orchard, you're doing the analysis wrong. the market doesn't behave according to rational expectations!
lol this must be a joke
Why?