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Chock Hwee Ng
Sell on Keltner Channel traded by Grid Hero today at 15:00hrs GMT+2:
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 - Today's trades highlight
While the "Bullish Spinning Top" pattern was detected on my demo signals, do note that it was not detected on my real signal due to the slightly different price feeds.
As such you might or might not see the "Bullish Spinning Top" trades on your broker, depending if the pattern on your broker chart fulfills the entry criteria.
As mentioned before, such phenomenon is normal and this is due to the slightly different price feeds between brokers and that price action patterns are sensitive to the OHLC 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
While the "Bullish Spinning Top" pattern was detected on my demo signals, do note that it was not detected on my real signal due to the slightly different price feeds.
As such you might or might not see the "Bullish Spinning Top" trades on your broker, depending if the pattern on your broker chart fulfills the entry criteria.
As mentioned before, such phenomenon is normal and this is due to the slightly different price feeds between brokers and that price action patterns are sensitive to the OHLC 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
· 1
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
· 1
Chock Hwee Ng
Opening Trades for 2018 on Grid Hero Signal >>> a good start...
Returning from a 2 weeks break due to the new year, Grid Hero signals have resume trading this week and here are the opening trades for 2018 from my signal
Cheers to a good start for 2018!
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
Returning from a 2 weeks break due to the new year, Grid Hero signals have resume trading this week and here are the opening trades for 2018 from my signal
Cheers to a good start for 2018!
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'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
Grid Hero - The Power of Averaging...
- Capitalize on the ebb & flow nature of the market to close basket with a net profit
- Can turn losing positions from bad entries into profit
- Take profit is constantly kept within reachable distance when price go against you
- Account Balance is always rising since Day 1
- Taking losses is not required
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
- Capitalize on the ebb & flow nature of the market to close basket with a net profit
- Can turn losing positions from bad entries into profit
- Take profit is constantly kept within reachable distance when price go against you
- Account Balance is always rising since Day 1
- Taking losses is not required
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
Opening Trades for 2018 on Grid Hero Signal >>> a good start...
Returning from a 2 weeks break due to the new year, Grid Hero signals have resume trading this week and here are the opening trades for 2018 from my signal
Cheers to a good start for 2018!
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
Returning from a 2 weeks break due to the new year, Grid Hero signals have resume trading this week and here are the opening trades for 2018 from my signal
Cheers to a good start for 2018!
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 - How to use the "Auto Lot Sizing on Fixed Funds" feature:
Description:
You should pay attention to this feature, it can tune up all your lot sizes from the start but prevent the lot sizes from growing, giving you more profits while reducing draw downs and risks.
This feature will be useful for traders who are using Grid Hero on a large account and wish to use only a fixed portion of the account balance for auto lot sizing.
Basically this feature lets you allocate a fixed portion of funds from your balance to be used for auto lot sizing, so that your auto lot sizes will be computed using only this fix amount of funds.
And because this funds amount is fixed, your auto lot sizes will first be tuned up according to this fixed funds, but they will not increase as your balance grows.
Running this on a real tick back test from Jan 2004 to Dec 2017 (on variable spread + $7 comm) shows us that using this feature not only can increase your profits but it also reduces your overall DD and risk.
And it gives traders a safer way of using the auto lot feature on a large account when you only want to use a portion of the account funds.
User notes:
- In order for the Auto Lot algorithm to work properly within expectation, the amount of fixed funds to allocate for Auto Lot needs to be in the range of at least $3000 but not exceeding your Account Balance. If you enter an amount that falls outside this acceptable range, the EA will prompt an error message in the "Experts" tab and it will stop working until you enter an acceptable amount. This restriction is in place to ensure that the Auto Lot is computed properly without compromising the core averaging algorithm.
- When this feature is enabled, there is no need to apply any Auto Lot Set files.
How to enable:
1) "Enable Auto Lot Sizing on Fixed Funds" parameter >>> Set to true
2) "Allocate Fixed Funds Amount For Auto Lot" parameter >>> Set the amount of funds to allocate to Grid Hero for Auto Lot (Minimum: 3000, Maximum: Your Account Balance)
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
Description:
You should pay attention to this feature, it can tune up all your lot sizes from the start but prevent the lot sizes from growing, giving you more profits while reducing draw downs and risks.
This feature will be useful for traders who are using Grid Hero on a large account and wish to use only a fixed portion of the account balance for auto lot sizing.
Basically this feature lets you allocate a fixed portion of funds from your balance to be used for auto lot sizing, so that your auto lot sizes will be computed using only this fix amount of funds.
And because this funds amount is fixed, your auto lot sizes will first be tuned up according to this fixed funds, but they will not increase as your balance grows.
Running this on a real tick back test from Jan 2004 to Dec 2017 (on variable spread + $7 comm) shows us that using this feature not only can increase your profits but it also reduces your overall DD and risk.
And it gives traders a safer way of using the auto lot feature on a large account when you only want to use a portion of the account funds.
User notes:
- In order for the Auto Lot algorithm to work properly within expectation, the amount of fixed funds to allocate for Auto Lot needs to be in the range of at least $3000 but not exceeding your Account Balance. If you enter an amount that falls outside this acceptable range, the EA will prompt an error message in the "Experts" tab and it will stop working until you enter an acceptable amount. This restriction is in place to ensure that the Auto Lot is computed properly without compromising the core averaging algorithm.
- When this feature is enabled, there is no need to apply any Auto Lot Set files.
How to enable:
1) "Enable Auto Lot Sizing on Fixed Funds" parameter >>> Set to true
2) "Allocate Fixed Funds Amount For Auto Lot" parameter >>> Set the amount of funds to allocate to Grid Hero for Auto Lot (Minimum: 3000, Maximum: Your Account Balance)
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 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
Grid Hero - The Power of Averaging...
- Capitalize on the ebb & flow nature of the market to close basket with a net profit
- Can turn losing positions from bad entries into profit
- Take profit is constantly kept within reachable distance when price go against you
- Account Balance is always rising since Day 1
- Taking losses is not required
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
- Capitalize on the ebb & flow nature of the market to close basket with a net profit
- Can turn losing positions from bad entries into profit
- Take profit is constantly kept within reachable distance when price go against you
- Account Balance is always rising since Day 1
- Taking losses is not required
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
· 2
Chock Hwee Ng
Bearish Pin Bar pattern (the Shooting Star) traded by Grid Hero on 5 Jan 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
· 2
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 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
· 2
Chock Hwee Ng
Bearish Pin Bar pattern (the Shooting Star) traded by Grid Hero on 5 Jan 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
· 2
Chock Hwee Ng
Grid Hero - How to use the "Auto Lot Sizing on Fixed Funds" feature:
Description:
You should pay attention to this feature, it can tune up all your lot sizes from the start but prevent the lot sizes from growing, giving you more profits while reducing draw downs and risks.
This feature will be useful for traders who are using Grid Hero on a large account and wish to use only a fixed portion of the account balance for auto lot sizing.
Basically this feature lets you allocate a fixed portion of funds from your balance to be used for auto lot sizing, so that your auto lot sizes will be computed using only this fix amount of funds.
And because this funds amount is fixed, your auto lot sizes will first be tuned up according to this fixed funds, but they will not increase as your balance grows.
Running this on a real tick back test from Jan 2004 to Dec 2017 (on variable spread + $7 comm) shows us that using this feature not only can increase your profits but it also reduces your overall DD and risk.
And it gives traders a safer way of using the auto lot feature on a large account when you only want to use a portion of the account funds.
User notes:
- In order for the Auto Lot algorithm to work properly within expectation, the amount of fixed funds to allocate for Auto Lot needs to be in the range of at least $3000 but not exceeding your Account Balance. If you enter an amount that falls outside this acceptable range, the EA will prompt an error message in the "Experts" tab and it will stop working until you enter an acceptable amount. This restriction is in place to ensure that the Auto Lot is computed properly without compromising the core averaging algorithm.
- When this feature is enabled, there is no need to apply any Auto Lot Set files.
How to enable:
1) "Enable Auto Lot Sizing on Fixed Funds" parameter >>> Set to true
2) "Allocate Fixed Funds Amount For Auto Lot" parameter >>> Set the amount of funds to allocate to Grid Hero for Auto Lot (Minimum: 3000, Maximum: Your Account Balance)
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
Description:
You should pay attention to this feature, it can tune up all your lot sizes from the start but prevent the lot sizes from growing, giving you more profits while reducing draw downs and risks.
This feature will be useful for traders who are using Grid Hero on a large account and wish to use only a fixed portion of the account balance for auto lot sizing.
Basically this feature lets you allocate a fixed portion of funds from your balance to be used for auto lot sizing, so that your auto lot sizes will be computed using only this fix amount of funds.
And because this funds amount is fixed, your auto lot sizes will first be tuned up according to this fixed funds, but they will not increase as your balance grows.
Running this on a real tick back test from Jan 2004 to Dec 2017 (on variable spread + $7 comm) shows us that using this feature not only can increase your profits but it also reduces your overall DD and risk.
And it gives traders a safer way of using the auto lot feature on a large account when you only want to use a portion of the account funds.
User notes:
- In order for the Auto Lot algorithm to work properly within expectation, the amount of fixed funds to allocate for Auto Lot needs to be in the range of at least $3000 but not exceeding your Account Balance. If you enter an amount that falls outside this acceptable range, the EA will prompt an error message in the "Experts" tab and it will stop working until you enter an acceptable amount. This restriction is in place to ensure that the Auto Lot is computed properly without compromising the core averaging algorithm.
- When this feature is enabled, there is no need to apply any Auto Lot Set files.
How to enable:
1) "Enable Auto Lot Sizing on Fixed Funds" parameter >>> Set to true
2) "Allocate Fixed Funds Amount For Auto Lot" parameter >>> Set the amount of funds to allocate to Grid Hero for Auto Lot (Minimum: 3000, Maximum: Your Account Balance)
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
· 2
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