@PipBank I disagree. If you look at "Video Part 2" more carefully you can see that the EA is ABLE come out profitably from heavy DD. As I have already shown in my Post No. 138 a scenario (see attached below) in which the EA is in -$30/pips NET LOSS ...

Accumulative Profits Grid System

@usfantasy I was visually observing EQUITY GAIN for the day and when it has reached +5%, I have used a "CloseAll" script. Nevertheless, statistically I am not sure if it was worthwhile or made any difference... Floating pips will be ALWAYS in loss ...

Accumulative Profits Grid System

Better ideas...?

Accumulative Profits Grid System

@AcerPhoon I agree that $5 x 10 would be better (at least safer) than $50 x 1 in regard to getting rid of deep loser trades, but it could be done only by automation. Remon's idea - in Video Part 2 - is doing practically that... which is why we are ...

Accumulative Profits Grid System

As of today (it is a new approach) I close all open positions when the daily net profit (closed profits minus floating loss) reaches +5% (i.e. 250 Euros), then "Rinse & Repeat". I am not sure if it were the right decision, but at least it helps to ...

Accumulative Profits Grid System

Thanks! I agree.

Accumulative Profits Grid System

Well, you never know... At the end we just all get rich...

Accumulative Profits Grid System

My plan is to close all trades at +5% net daily profit and to restart EA. This way I can pocket some real profits, and at the same time I can eliminate lots of accumulated "toxic" (risky) positions - reducing the risk of a major DD. image

Accumulative Profits Grid System

@soeasy69 Yes, probably my 5000 Euros experimental demo account will blow up at one point. It would be literally a miracle if not. However, if these settings can make 150% a month (with regular withdrawals) crashing the account 12x a year (i.e. once ...

Accumulative Profits Grid System

You are right, however, this is just a "lab experiement" and the settings can be downscaled to a manageable account size. With 1% "risk setting" the EA has opened approx. 0.25 lots on this $5k account, which equals to 0.05 lot on a $1k account. ...

Accumulative Profits Grid System

1. Remon has posted "Video Part 1" about a promising strategy as a "teaser" for "Video Part 2", i.e. his MAIN TRADING STRATEGY. 2. The trade logic described in "Video Part 2" (everyone should watch it) is just fantastic - which is why this thread is ...

Accumulative Profits Grid System

Today's results on EURGBP: image image

Accumulative Profits Grid System

You are welcome! Even if this EA project will not work out, I guess all of us have learnt something what we can use in the future...

Accumulative Profits Grid System

Not bad for the first 30 hours... image image image

Accumulative Profits Grid System

Excellent idea @bubola! Closing all open trades at a certain NET daily profit level can help getting rid of "toxic" trades. I have attached a few CLOSING SCRIPTS I found on ForexFactory. Applying the script would close all open trades.

Accumulative Profits Grid System

MyFxBook registers historical max. floating DD very accurately (assuming that the recording MyFxBook "EA" is attached to MT4 without interruption). image CURRENTLY OPEN TRADES AND DD: image

Accumulative Profits Grid System

The idea was based on my observation of potential trades shown on your screenshots.

Atheer's scalping method 1

How about closing profitable trades with a new opposite direction signal...? It would provide a good R:R by closing out losers fast and letting winners run...

Atheer's scalping method 1

Nope. Risk setting, Step Order and TP are my individual "guestimated" choices. Probably there are better ones, but it is a start...

Accumulative Profits Grid System

It is in Post 241.

Accumulative Profits Grid System