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Updated GridBot settings

June 3rd, 2009

Monday and Tuesday haven’t been great with the settings I was trying out. A lot of safety nets have been hit, some prematurely but most have stopped further losses. I’m going to drop some pairs and alter settings for others.

USDJPY:  LotSize 0.1, SafetyNet -300, trading between 18 and 3 GMT

So far this pair has 7 winners out of 7 (100%), so it’s a keeper, even thought about raising the LotSize, but I will not for now. Raised the SafetyNet since I trust it more now.

GBPJPY: LotSize 0.05, SafetyNet -150, trading between 18 and 3 GMT

Not as stable as it’s brother USDJPY in my trades. Has hit stafety net twice (once prematurely). I’ve put it on a smaller lot size and widened it’s safety net.

CHFJPY and EURJPY: LotSize 0.01, SafetyNet -30, trading between 18 and 3 GMT

These two are working out just as good as GBPJPY, might increase their lot size in the future, but I’ll wait for even more good trades.

EURCHF: LotSize 0.01, SafetyNet -20, trading between 9 and 3 GMT

This isn’t a clear winner, but it is ahead about €3 right now, so I’ll keep it. EURCHF is trading in a range very often thru out the day.

EURCAD: LotSize 0.05, SafetyNet -100, trading between 9 and 3 GMT

This is a clear winner in my book with €63 in profits and 32 winners out of 38. The other 6 trades were all closed with losses at 4:00 am. I don’t think I could have set another EndHour to stop those losses earlier, the orders we’re all put in during a bit of a trending market.

AUDNZD: LotSize 0.05, SafetyNet -100, trading between 9 and 23 GMT, 5 GridMaxOrders

This pair is trading in a range very often. I hit the safety net prematurely (the pair bounced back) on Monday, so I’ve widened it.  I’m also trying a grid with maximum 5 orders of 0.05 lots with it now, perhaps it can use the movements better.

USDCHF: LotSize 0.01, SafetyNet -13, trading between 9 and 18 GMT

GBPUSD: LotSize 0.05, SafetyNet -50, trading between 9 and 3 GMT

EURUSD: LotSize 0.01, SafetyNet -14, trading betweeen 9 and 15 GMT

USDCAD: LotSize 0.01, SafetyNet -20, trading between 11 and 19 GMT

EURGBP: LotSize 0.01, SafetyNet -20, trading between 9 and 14 GMT

AUDUSD: LotSize 0.01, SafetyNet -14, trading between 10 and 18 GMT

NZDUSD: LotSize 0.01, SafetyNet -14, trading between 11 and 19 GMT

GBPCHF: LotSize 0.01, SafetyNet -20, trading between 9 and 15 GMT

The pairs that ultimately was dropped was just to hard to set decent safety nets on. Some the grid bot almost always opened three positions in, against the trend, and they just hit the net or lingered as losers til EndHour was hit. I guess some of them can be traded during some periods of the day, when the market is less active, but it is very hard to set the correct parameters for this. I would like the GridBot to actually have some intelligence about trends and market conditions, not just blindly execute orders at the price levels in the grid and hope for the best.

GBPUSD showed the most promise of the dropped pairs, but with it ending two times in the Safety net during trends it just isn’t sustainable. And in both those cases the trend didn’t stop, so a wider net would have lost me even more money.

Anyway, I hope that this setup will make money, since I have lost quite alot with the experimenting right now. Hopefully EURCAD and AUDNZD can make it up to me in the coming days. Those pairs aren’t usually traded with this bot, but they’ve been winners for me.

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  1. Dan
    June 5th, 2009 at 19:23 | #1

    Fascinating bud!

    One question–I’m with FXDD, and they have a GMT offset of +3. So, if I were to use your 18 and 3 GMT settings for USDJPY, would I simply add +3 to each and make it 21 and 6?

    Thanks in advance and keep up the great work! :)

  2. June 5th, 2009 at 22:38 | #2

    Thank you very much :)

    It’s always messy with different brokers time zone settings it seems. I think Alpari UK actually is using GMT+1 right now (because of the daylight savings, BST). So for FXDD it should be 20 - 5. I also have a account at FXCM and they use GMT, so there the correct setting is one hour before my suggested settings.

  3. Dan
    June 6th, 2009 at 18:43 | #3

    @admin
    Thanks mate!

    I think I’m going to be one of your biggest fans, what your doing here is great! :)

  4. July 19th, 2009 at 16:23 | #4

    thanks !! very helpful post!

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