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Chock Hwee Ng
Bearish Pin Bar pattern (the Shooting Star) traded by Grid Hero today 16:00 hrs GMT+2 (see screen shot below):
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero V9.3 submitted for MQL approval - FIFO support
In the interest of US based traders, I've implemented FIFO support in Version 9.3.
Which means Grid Hero will be FIFO compliant and can be used on FIFO broker going forward.
It will come as a simple true/false option in the EA menu, and simply set it to "true" if you are running Grid Hero on a FIFO broker.
This option is set to "false" by default.
If you are not using a FIFO broker, then there is NO NEED to upgrade to this version.
This option is solely for US based traders who are using FIFO broker.
As usual it will take a few days up to a week or so for MQL to approve.
US based traders - stay tuned for this...
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
In the interest of US based traders, I've implemented FIFO support in Version 9.3.
Which means Grid Hero will be FIFO compliant and can be used on FIFO broker going forward.
It will come as a simple true/false option in the EA menu, and simply set it to "true" if you are running Grid Hero on a FIFO broker.
This option is set to "false" by default.
If you are not using a FIFO broker, then there is NO NEED to upgrade to this version.
This option is solely for US based traders who are using FIFO broker.
As usual it will take a few days up to a week or so for MQL to approve.
US based traders - stay tuned for this...
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Grid Hero's Market Entry Criteria
Below is a summary of Grid Hero's market entry criteria - its reasons to trade.
And if no entries are detected, Grid Hero will simply stay out of the market.
Market Trending Entry:
- Multiple time frames trending confluences
- No overbought or oversold conditions
- Optimized time filtering
- Low volatility condition
Price Action Entry:
- The Hammer
- The Shooting Star
- Dragon Fly Doji
- Gravestone Doji
- Bullish Engulfing
- Bearish Engulfing
- Bullish Full Engulfing
- Bearish Full Engulfing
- White Marubozu
- Black Marubozu
- Standard Bullish Doji
- Standard Bearish Doji
- Long Legged Bullish Doji
- Long Legged Bearish Doji
- The Morning Star
- The Evening Star
- Bullish Gap Up
- Bearish Gap Down
- The Rising Sun
- The Dark Cloud Cover
- Bullish Spinning Top
- Bearish Spinning Top
Artificial Instinct Entry:
- Keltner signal
- DMI signal
- RSI signal
- CCI signal
- Stochastic signal
- Parabolic Sar signal
- Bollinger signal
- Envelopes signal
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Below is a summary of Grid Hero's market entry criteria - its reasons to trade.
And if no entries are detected, Grid Hero will simply stay out of the market.
Market Trending Entry:
- Multiple time frames trending confluences
- No overbought or oversold conditions
- Optimized time filtering
- Low volatility condition
Price Action Entry:
- The Hammer
- The Shooting Star
- Dragon Fly Doji
- Gravestone Doji
- Bullish Engulfing
- Bearish Engulfing
- Bullish Full Engulfing
- Bearish Full Engulfing
- White Marubozu
- Black Marubozu
- Standard Bullish Doji
- Standard Bearish Doji
- Long Legged Bullish Doji
- Long Legged Bearish Doji
- The Morning Star
- The Evening Star
- Bullish Gap Up
- Bearish Gap Down
- The Rising Sun
- The Dark Cloud Cover
- Bullish Spinning Top
- Bearish Spinning Top
Artificial Instinct Entry:
- Keltner signal
- DMI signal
- RSI signal
- CCI signal
- Stochastic signal
- Parabolic Sar signal
- Bollinger signal
- Envelopes signal
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Bearish Pin Bar pattern (the Shooting Star) traded by Grid Hero today 16:00 hrs GMT+2 (see screen shot below):
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Grid Hero Behind The Scene - "In-Sample" & "Out-of-Sample" Development And Testing Methodology
Let me reveal a little background about how Grid Hero was developed :)
Grid Hero's development phase was segregated into 2 phases call the "In-Sample" phase, and the "Out-of-Sample" phase.
The "In-Sample" phase is the primary focus of the EA's development where the EA's trading logic, algorithm, stability, profitability, stagnation, etc, are being developed and tested using a pre-defined test period (usually a few years).
Whereas the "Out-of-Sample" phase is a test period that falls outside of the "In-Sample" period, where the EA is being tested for Robustness, to see if it can exhibit the same performance in a test period that falls outside of the EA's development period.
When I developed Grid Hero, I used a "Reversed Sampling" methodology to define the "In-Sample" and "Out-of-Sample" period:
For In-Sample period: I used the late years of 2012 to 2017 because I prefer to use recent market data in establishing Grid Hero's foundation
For Out-of-Sample period: I used the earlier years of 2004 to 2011 to test Grid Hero's robustness in remaining profitable in a segregated period that falls outside of Grid's development phase.
The above methodology of using recent data as "In-Sample" period while using the early data as "Out-of-Sample" period is call "Reversed Sampling".
As evident in the back tests, Grid Hero is able to maintain its consistency in remaining profitable and stable even in the "Out-of-Sample" test period, which is a good form of robustness check.
And needless to say, all my tests are conducted with Real Tick Data (99% Modelling Quality), Real Variable Spread with Commission, and even with Execution Delay Slippage Simulation, as well as Monte Carlo Simulation Runs of Trade Randomization.
So I hope this little behind the scene story of Grid Hero gives you more insight of how much work and effort have been put into the development of Grid Hero EA. It is not just another EA that was developed out of randomness, but rather an EA that was carefully crafted and created using proper development and testing methodology.
Have a good day traders,
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Let me reveal a little background about how Grid Hero was developed :)
Grid Hero's development phase was segregated into 2 phases call the "In-Sample" phase, and the "Out-of-Sample" phase.
The "In-Sample" phase is the primary focus of the EA's development where the EA's trading logic, algorithm, stability, profitability, stagnation, etc, are being developed and tested using a pre-defined test period (usually a few years).
Whereas the "Out-of-Sample" phase is a test period that falls outside of the "In-Sample" period, where the EA is being tested for Robustness, to see if it can exhibit the same performance in a test period that falls outside of the EA's development period.
When I developed Grid Hero, I used a "Reversed Sampling" methodology to define the "In-Sample" and "Out-of-Sample" period:
For In-Sample period: I used the late years of 2012 to 2017 because I prefer to use recent market data in establishing Grid Hero's foundation
For Out-of-Sample period: I used the earlier years of 2004 to 2011 to test Grid Hero's robustness in remaining profitable in a segregated period that falls outside of Grid's development phase.
The above methodology of using recent data as "In-Sample" period while using the early data as "Out-of-Sample" period is call "Reversed Sampling".
As evident in the back tests, Grid Hero is able to maintain its consistency in remaining profitable and stable even in the "Out-of-Sample" test period, which is a good form of robustness check.
And needless to say, all my tests are conducted with Real Tick Data (99% Modelling Quality), Real Variable Spread with Commission, and even with Execution Delay Slippage Simulation, as well as Monte Carlo Simulation Runs of Trade Randomization.
So I hope this little behind the scene story of Grid Hero gives you more insight of how much work and effort have been put into the development of Grid Hero EA. It is not just another EA that was developed out of randomness, but rather an EA that was carefully crafted and created using proper development and testing methodology.
Have a good day traders,
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero Signals will resume trading on 8 Jan...
This is just to confirm that all my Grid Hero signals will resume trading on 8 Jan as planned.
If you are new to this forum, I have paused all trading activity on my Grid Hero signals since 22 Dec due to the close of year (refer to my earlier post above).
Basically this is to avoid trading in the last week as well as the first week of the year because market tends to behave erratically during this end of year and start of year period.
From 8 Jan onward, Grid Hero will be back in action and you can resume monitoring of my signals.
Have a good day...
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
This is just to confirm that all my Grid Hero signals will resume trading on 8 Jan as planned.
If you are new to this forum, I have paused all trading activity on my Grid Hero signals since 22 Dec due to the close of year (refer to my earlier post above).
Basically this is to avoid trading in the last week as well as the first week of the year because market tends to behave erratically during this end of year and start of year period.
From 8 Jan onward, Grid Hero will be back in action and you can resume monitoring of my signals.
Have a good day...
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Bearish Engulfing pattern traded by Grid Hero today 09:00 hrs GMT+2:
In case you wonder why these trades are not seen on my live signals is because if you remember my announcement, my signals are still being paused and will resume trading on 8 Jan due to the close of year.
However I am still running Grid Hero on one of my random account just to see how it performs during the close of year period, to fulfill my own curiosity :)
As you can see from the screen shot below, the EA opened a number of trades upon detection of the Bearish Engulfing pattern and then automatically closed out all trades with a profit within the next few hours.
And do note that not all brokers will see the same price patterns, because price patterns are sensitive to OHLC prices which might be slightly different between brokers.
Which means while this price pattern is detected on my broker, it might not be detected on your broker due to the slightly different price feeds.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
In case you wonder why these trades are not seen on my live signals is because if you remember my announcement, my signals are still being paused and will resume trading on 8 Jan due to the close of year.
However I am still running Grid Hero on one of my random account just to see how it performs during the close of year period, to fulfill my own curiosity :)
As you can see from the screen shot below, the EA opened a number of trades upon detection of the Bearish Engulfing pattern and then automatically closed out all trades with a profit within the next few hours.
And do note that not all brokers will see the same price patterns, because price patterns are sensitive to OHLC prices which might be slightly different between brokers.
Which means while this price pattern is detected on my broker, it might not be detected on your broker due to the slightly different price feeds.
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Grid Hero - Keeping the front comment pages warm with useful info...
As much as possible I will try to keep the front few pages of the Comments section warm with useful updates and info.
This is just to make it easier for traders to look for essential info especially those who just bought Grid Hero.
As such I will try to bring forward useful or important posts from the past to the front pages so that users don't need to waste precious time scrolling thru pages and pages of comments which is pretty consuming.
Basically all you need is to refer to the front few pages of comments to get important info that you need to know about Grid Hero.
Alternatively, you can also refer to the Grid Hero FAQ which should address most of your questions about Grid Hero.
And of course, feel free to PM me too if you have any questions, I am usually online most of the time and I will try to respond to you as fast as I can.
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
As much as possible I will try to keep the front few pages of the Comments section warm with useful updates and info.
This is just to make it easier for traders to look for essential info especially those who just bought Grid Hero.
As such I will try to bring forward useful or important posts from the past to the front pages so that users don't need to waste precious time scrolling thru pages and pages of comments which is pretty consuming.
Basically all you need is to refer to the front few pages of comments to get important info that you need to know about Grid Hero.
Alternatively, you can also refer to the Grid Hero FAQ which should address most of your questions about Grid Hero.
And of course, feel free to PM me too if you have any questions, I am usually online most of the time and I will try to respond to you as fast as I can.
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero has fully verified Myfxbook Portfolio - See Myfxbook links and screenshot below
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero Behind The Scene - "In-Sample" & "Out-of-Sample" Development And Testing Methodology
Let me reveal a little background about how Grid Hero was developed :)
Grid Hero's development phase was segregated into 2 phases call the "In-Sample" phase, and the "Out-of-Sample" phase.
The "In-Sample" phase is the primary focus of the EA's development where the EA's trading logic, algorithm, stability, profitability, stagnation, etc, are being developed and tested using a pre-defined test period (usually a few years).
Whereas the "Out-of-Sample" phase is a test period that falls outside of the "In-Sample" period, where the EA is being tested for Robustness, to see if it can exhibit the same performance in a test period that falls outside of the EA's development period.
When I developed Grid Hero, I used a "Reversed Sampling" methodology to define the "In-Sample" and "Out-of-Sample" period:
For In-Sample period: I used the late years of 2012 to 2017 because I prefer to use recent market data in establishing Grid Hero's foundation
For Out-of-Sample period: I used the earlier years of 2004 to 2011 to test Grid Hero's robustness in remaining profitable in a segregated period that falls outside of Grid's development phase.
The above methodology of using recent data as "In-Sample" period while using the early data as "Out-of-Sample" period is call "Reversed Sampling".
As evident in the back tests, Grid Hero is able to maintain its consistency in remaining profitable and stable even in the "Out-of-Sample" test period, which is a good form of robustness check.
And needless to say, all my tests are conducted with Real Tick Data (99% Modelling Quality), Real Variable Spread with Commission, and even with Execution Delay Slippage Simulation, as well as Monte Carlo Simulation Runs of Trade Randomization.
So I hope this little behind the scene story of Grid Hero gives you more insight of how much work and effort have been put into the development of Grid Hero EA. It is not just another EA that was developed out of randomness, but rather an EA that was carefully crafted and created using proper development and testing methodology.
Have a good day traders,
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Let me reveal a little background about how Grid Hero was developed :)
Grid Hero's development phase was segregated into 2 phases call the "In-Sample" phase, and the "Out-of-Sample" phase.
The "In-Sample" phase is the primary focus of the EA's development where the EA's trading logic, algorithm, stability, profitability, stagnation, etc, are being developed and tested using a pre-defined test period (usually a few years).
Whereas the "Out-of-Sample" phase is a test period that falls outside of the "In-Sample" period, where the EA is being tested for Robustness, to see if it can exhibit the same performance in a test period that falls outside of the EA's development period.
When I developed Grid Hero, I used a "Reversed Sampling" methodology to define the "In-Sample" and "Out-of-Sample" period:
For In-Sample period: I used the late years of 2012 to 2017 because I prefer to use recent market data in establishing Grid Hero's foundation
For Out-of-Sample period: I used the earlier years of 2004 to 2011 to test Grid Hero's robustness in remaining profitable in a segregated period that falls outside of Grid's development phase.
The above methodology of using recent data as "In-Sample" period while using the early data as "Out-of-Sample" period is call "Reversed Sampling".
As evident in the back tests, Grid Hero is able to maintain its consistency in remaining profitable and stable even in the "Out-of-Sample" test period, which is a good form of robustness check.
And needless to say, all my tests are conducted with Real Tick Data (99% Modelling Quality), Real Variable Spread with Commission, and even with Execution Delay Slippage Simulation, as well as Monte Carlo Simulation Runs of Trade Randomization.
So I hope this little behind the scene story of Grid Hero gives you more insight of how much work and effort have been put into the development of Grid Hero EA. It is not just another EA that was developed out of randomness, but rather an EA that was carefully crafted and created using proper development and testing methodology.
Have a good day traders,
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1
Chock Hwee Ng
Grid Hero - 2nd Best Seller in MQL Market Place
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 3
Chock Hwee Ng
Grid Hero has fully verified Myfxbook Portfolio - See Myfxbook links and screenshot below
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 3
Chock Hwee Ng
Grid Hero Quick User Guide - Recommendations, Live Trading, Back Testing, & Risk Settings
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Recommendations:
- EA Settings: Use Default Settings or Auto Lot Set files.
- Symbol: EURUSD.
- Time Frame: H1.
- Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO.
- Minimum Deposit: $3000 USD.
Live Trading Instructions:
1) Simply drag and drop Grid Hero EA onto the EURUSD H1 chart
2) In the EA menu, input your broker's GMT Offset value for Winter (check with your broker if you're unsure)*
3) Leave all other EA settings as default. Or Enable Auto Lot Sizing by applying the attached Standard/Medium/High Risk Set file
*Note: The default value of the GMT Offset for Winter is set to 2 in the EA, which matches most brokers
Back Testing Instructions:
1) Select Symbol: "EURUSD"
2) Select Period: "H1"
3) Select Model: "Every Tick"
4) For Spread: Set "15" (points) for standard MT4 tester, or set "Variable" if you're using Birt's Tick Data Suite
5) Under Expert Properties >> Testing tab, set "Initial Deposit" to $3000 USD (minimum recommended amount)
6) Use default EA settings for Conservative Risk performance (Auto Lot Sizing disabled)
7) Or enable Auto Lot Sizing by applying the attached Auto Lot Set files according to your risk appetite (Auto Lot Risk Levels: Standard/Medium/High)
8) Start your Back Test as far back as from 2004 if you wish
EA Risk Settings:
Conservative Risk: Use default EA setting (no need Set file)
Standard Risk: Apply Auto Lot Standard Risk Set file
Medium Risk: Apply Auto Lot Medium Risk Set file
High Risk: Apply Auto Lot High Risk Set file
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Grid Hero - Illustration Of A Basket Closure
This is just a simple picture to illustrate how it looks like on chart when a basket is being closed by Grid Hero EA.
The picture below depicts a group of 4 sell positions being averaged out and closed out as a basket by the EA at one point.
The EA constantly does its averaging work on the fly and closes the whole basket of positions once the time is ripe.
In Grid Hero, we call this P.A.M.A. (Pips Averaging Mathematical Algorithm), and it works wonder :)
Have a great first week of 2018!
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
This is just a simple picture to illustrate how it looks like on chart when a basket is being closed by Grid Hero EA.
The picture below depicts a group of 4 sell positions being averaged out and closed out as a basket by the EA at one point.
The EA constantly does its averaging work on the fly and closes the whole basket of positions once the time is ripe.
In Grid Hero, we call this P.A.M.A. (Pips Averaging Mathematical Algorithm), and it works wonder :)
Have a great first week of 2018!
Regards,
Dave
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 2
Chock Hwee Ng
Let's do a recap of Grid Hero for 2017...
Grid Hero published in: Mar 2017
Grid Hero signals started in: Mar 2017
Total no. of months signals are running: 10 months
No. of profitable months: 10 out of 10
No. of negative months: None
Month with most profits: October
Month with least profits: June
Most challenging month: October
Month with maximum DD: October
Maximum DD in 2017 (by equity): 16.18%
Maximum DD in 2017 (by balance): 2.67%
Win Rate: 71%
Profit Factor: 2.40
Recovery Factor: 4.13
Average trades per month: 50
Best trade ($): $102.10 USD
Worst trade ($): -$19.83 USD
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
Grid Hero published in: Mar 2017
Grid Hero signals started in: Mar 2017
Total no. of months signals are running: 10 months
No. of profitable months: 10 out of 10
No. of negative months: None
Month with most profits: October
Month with least profits: June
Most challenging month: October
Month with maximum DD: October
Maximum DD in 2017 (by equity): 16.18%
Maximum DD in 2017 (by balance): 2.67%
Win Rate: 71%
Profit Factor: 2.40
Recovery Factor: 4.13
Average trades per month: 50
Best trade ($): $102.10 USD
Worst trade ($): -$19.83 USD
GRID HERO EA Product Page: https://www.mql5.com/en/market/product/20937
GRID HERO EA FAQ: https://www.mql5.com/en/blogs/post/689594
GRID HERO V8 video published on 28 Sep: https://youtu.be/xIt2G-cYDHE
GRID HERO EA V6 Visual Back Test Video: https://youtu.be/aBcesp-OTsU
GRID HERO EA V5 13 Years Back Test Video: https://youtu.be/QuWqw2OY8ps
GRID HERO EA Live Signals: https://www.mql5.com/en/signals/author/daveng
GRID HERO Myfxbook(Real Signal): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2195120
GRID HERO Myfxbook(retired): myfxbook.com/members/iamforexrobot/grid-hero-real-axitrader-ecn/2005396
· 1