Monday 22 August 2011

GridTraderPro - In Development. $1m - $19m in 25 Trades

Here is a sample of my GridTraderPro EA that i have been developing over the last few months. The returns are sky high as is the risk and the drawdowns. At this time i am not prepared to release the souce code to all and sundry. however should you be able to make a major contribution to this work then i may release the source code on an individual basis.

I do intent to publish as much detail as i can, thus prompting constructive discussion.

This "Strategy Tester Report" shows GridTraderPro on the EURUSD producing some quite respectable returns over a 2 month period. It has to be remembered that this is cherry picked to show what can happen. Similarly $1m can turn in to ZERO in just a few trades. The MaxRiskPerTrade is set to 25% of free margin - which in my opinion is insane, tweaking it down to say 10% (or less) could be a more reasonable risk factor.

 
GridTraderPro

GridTraderPro - $1 million > $19 million in 2 months

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2 comments:

  1. forex5x26 August 2011 at 16:56

    It looks like you are using ATR to help determine how you place your trades.

    I looked at your statement and saw the draw down 38%. This means you might want to consider changing your lot sizing down by a factor of 10 X which would tend to give you a draw down of less than 5%.

    Do yo do any protective moves as you edge into losses?

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  2. Nigel30 August 2011 at 01:54

    Hi,

    This particular backtest used a 30 pips trailing stop loss. It appears (in hindsight) that the initial long trades got stopped out for profit, leaving the open short trades completely non hedged and with no stop losses, very risky.

    ATR is not used to deturmine actually placing the trades... The grid of pending orders is placed when you load the EA. The ATR values show are all part of tests and were not enabled during this backtest.

    I have done another backtest over the same period and settings: using 10x less risk of 2.5% risk per trade to calc lots sizes.

    The drawdown is reduced to 8% and the profits are $1m > $1.52m

    I shall continue to backtest this EA at $10,000 starting balance instead of $1m

    I am continuing to refine this EA and will post more results as progress is made.

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