Testing of the non directional GTM approach

Thank you for registering your interest to become a tester of the non directional Grid Trend Trading approach. This is a service for EXISTING OWNERS Grid Trend Trading EA (Now also known as the Grid Trend Multiplier-GTM) to better understand the potential of the EA. So you need to own the EA to be a tester. If you are not a tester and want to become one just say so in the reply facility in the bottom of this page

down arrowBelow is a schedule of TESTERS and the currencies and the Gaps they are testing. Please find your name in this list and start the test as soon as you are able to.

 

MAIN TEST ACCOUNT

The current test being done for the EURJPY for a 12 pip gap is shown below. The important measure is the Equity levels of each account as shown by the arrows.

eurjpyGTM

The MT4i reference for the above accounts is http://www.mt4i.com/users/111164415     and  http://www.mt4i.com/users/594359  . The change in equity is the best measure of success as this method uses a large open deal balance to succeed (Strange but true).

 

TESTING PROCESS

The purpose of this testing is identify currencies and gap combinations suitable to GTM EA trading and well as giving users an opportunity to evaluate the true risks of the hedged GTM approach. Hopefully the testing will stimulate discussions as to alternative approaches such as “Why not close all trades when there has been an X gain on the account and start again” – That will allow the system to trade with the trend and not have so many open deals.  And any other interesting ideas testers can come up with.

In order to start testing please follow this process:

  • Open 2 demo accounts with any broker. Please make sure that the accounts allow for 0.1 lots and open a big account +$20 000 so that margin is not an issue. Also make sure your demo accounts will have a life longer than a month. Alpari tends to allow demo accounts to last as long as trading takes place. When opening an account also note the investors code and server for each account.
  • Load the GTT EA into a chart of your designated currency in each account.
  • Load the settings designated into each account making the one a buy and the other a sell. Setting examples are displayed below the table below.
  • Activate the EA as close as you can to the same time and let them run for 1 month
  • After each week record the equity position gain or loss of each account and post these balances in the comments section of this page. For the above accounts this would be +$190 and +$1500.
  • At the end of 20 days of trading (4 weeks) you can stop and submit the final weeks results.
  • If you know how, to please register your accounts on http://www. MT4i.com for synchronized data collection. Go to the site, select “MT4i Live“ from the menu, Select MetaTrader4 – Account sync and enter your account details.
  • Please feel free to test any other personal settings not listed in the table below as your own test – the details can be added to the table below if you wish
  • Please let us know if you are unable to complete the testing as early as possible so that we can reallocate the testing to someone else

 

thanksThanks you again for testing and please use the comments/feedback section of this page for questions and feedback.

 

TESTING SUMMARY TO DATE

The table columns are all sort-able. Make sure 100 items are displayed and that you sort on TESTER to find your name. This table will be updated over weekends so send your results in by the end of Saturday.

NOTES TO TESTERS:

  1. Please do NOT use pruning or use stops – no instruction were given to testers. Stick to the testing rules above and settings in the table below  – those that have, have used it incorrectly. Pruning only happens when you have 24 to 30 open trades in total. Not 12 per leg.
  2. Please send your MT4i account details so that your results can be verified.
  3. You can look at other test accounts by adding their account numbers to this link           http://www.mt4i.com/users/(add the account number here)

 

WEEK 3 CONCLUSIONS TO DATE:

  • In spite of no stop losses being used Loses will not run away that easily – current losses are small compared to the gains on other accounts
  • The system is best left completely alone – any intervention seems to be counter productive.
  • Trending currencies take longer to become profitable
  • Although the GBPUSD is trending good gains were made in the GBPJPY – may need to look at a portfolio approach?
  • High Spread currencies should be avoided when using small gaps
  • All currencies have the potential of becoming profitable

NOTE TO TESTERS: I will be traveling for the next week and will only update the results at the end of April. Please continue testing and sending your result in. Use MT4i were possible as I can update the results for there – Alex 

Please note that the results in each weeks column are the cummulative results to date (not the results for that week)

 

[ultimatetables 1 /]

 Settings to be used. The red arrows show the variables to be tested.

settings2

( Note: When using the “GridscalingPct” setting you will have to set the “Gridscalingaftergridlevel setting to 1)

FEEDBACK AND QUESTIONS

Please use these links for specific feedback and questions. Use the Reply facility for your feedback and questions.

To apply to become a tester use the Reply facility on this page (below).

To report weekly results based on at least 5 days of trading a week                                 REPORTING RESULTS

To report MT4i account numbers                                                                                                      MT4i

To ask questions or discuss the testing process                                                                          TESTING QUESTIONS and DISCUSSIONS

Discussions on how the results could be improved                                                                    RESULT IMPROVEMENT DISCUSSIONS

 

CURRENT VIEW OF THE EURJPY MAIN ACCOUNTS MENTIONED ABOVE

Tip: Click on the “Analysis” Tab and then immediately on the “Overview” Tab for the best view 

During this test the EURJPY trended downwards no less than 636 pips, yet although the buy account showed a loss ($1 917)  the gain made ($7 585) by the sell account was much more ($5 668). The test ran from the March 2014 to August 2014.  The trading counld have easy been done using a $ 6 000 account so the gain is substantial.  As result of this test a number of changes have been introduced to limit the number of open deals in a trend which would have improved results even more.

 

BUY Account

Sell Account

194 thoughts on “Testing of the non directional GTM approach”

  1. Fiona C

    H i 2 Questions.

    1 – How were the pair, gap and gap+% chosen.
    2 – Is not running on vps okay?

  2. Shane

    Hi

    Might be a silly question but I assume we are not worried about closing out for the weekends we will just let the EA run

  3. Alex du Plooy Post author

    Not definitely not. Anyway this is a directionless system so no market move should affect it. Because it goes not use stops it is not impacted by spread widening over weekends and before announcements.

  4. Alex du Plooy Post author

    As long as the EAs can run continuously you use any way of trading them.

    Currently the currency selection, gap sizes and increase % were made to cover a wide number of profitability variables. So we are testing most currencies using small to large gaps using no to large increases.

  6. Fiona C

    Hello again, another question, I went for 1:100 leverage will that work?

  7. Swordfish

    There must be a good reason for this massive forward testing. Doesn’t back test work?

  8. Swordfish

    I am not arguing with success and I am intrigued by the example you sent in the email (1800 pips gain in 10 days). I just want to understand the logic. One buy account and one sell account are in constant hedge except for the loss of the spread and commissions. Why two accounts can net with a profit?

  9. bill

    ok im up also 2 accounts with 20k one long one short set at .1 lots 1-200 leverage.using usdcad on H4 .Need to learn how to use Mt4i to post results.

  12. Swordfish

    I think I have figured it out. equity = balance – floating loss
    Either increasing Balance (by closing more profitable trades) or reducing floating loss (by having balanced buy and sell open orders), or both will increase equity.

  13. Alex du Plooy Post author

    Exactly – Traders focus so hard on the negative open deals that they forget that it is the equity balance that counts. Some traders are testing the gap increase % which one way of reducing open trade balance. Why we are doing this for a months is that after a month you will have a massive and normally scary open deal balance but your equity maybe positive. Have a look at the current EURJPY test

  14. Alex du Plooy Post author

    Great – can’t wait for your results at the end of the week – just post them on this facility

  15. Maarten

    GBP/JPY Gap 12 opened two demos 4 hour chart. one buy one sell. Looking forward to the results.

  16. Shane

    Finally up and running. I found FXPro

    From there website:
    FxPro recognises the value of practicing trading with a demo account, both for beginners who are learning how to trade, and experienced traders who wish to experiment with new trading strategies. This is why, unlike many other brokers, FxPro offers free demo accounts to anybody who registers with us. Our demo accounts are completely unlimited, and even if you use up the demo money you initially charged your account with you can always recharge it with more.
    Try this link if you want it will save all the other BS of registering https://www.dropbox.com/s/mk8saubnyxqdrxo/fxpro4setup.exe

    My broker only has 15 days so hope this helps if you are having trouble finding a broker

    Cheers

  19. Kolawole

    Hi

    I dnt have tthe ea yet so that i can start testing

  21. Jon

    I noticed I am added in the list but haven’t gotten a mail yet.
    But I started as soon as I noticed.

    After I figured out I can just copy the srv files from my brokers config folder to other metatrader installations it was easy to run three mt4 with the same broker but on different accounts.

  25. Doug Death

    Do we leave GapScalingAfterGridLevel at 0?

  26. Doug Death

    Two accounts set up with ThinkForex (63175 and 63176) on EURJPY +30%, with 12 pip gap and GapScalingAfterGridLevel at 0.

  28. Donovan

    I have an issue with the GTT EA, I have contact EAFactory support, the problem lies with my VPS provider, awaiting feedback.
    I’ll keep you posted here on the progress.

  29. Ivan

    I noticed GapScalingPct does not work if GapScalingAfterGridLevel is set at 0. My test parameter was supposed to increase by 30% with 40 GridSize but it still open at fixed 40 pips after 2 levels of against trade.

  30. adrian

    Started test on the 26/3/14 at 11.57pm my time Adelaide on AUD/JPY with 40 pip gap + gap %0

  31. Michael

    Hello all
    I have set up my demo accounts and will start testing Monday 31March (NZDJPY 15Gap)

  32. Doug Death

    I have a similar situation – currently 12 open positions on the opposite trend account (EURJPY sell) with a draw down of ~$834, and all open positions have the same grid separation (ie. 12 pips, + an allowance for spread) – the increase of the grid size doesn’t appear to be happening – this could confuse the results, as I have a 30% increase specified.

  33. Swordfish

    If you happened to start the EA today, the surge in EURJPY had got you in heavy DD. You need a down spike to cash in your inventory. If the down move does not happen and the up trend continues, you could get margin worries. Alex’s demo is running 0.1 lot per $100,000. I wonder what the worse DD and % margin were in the past 2 weeks in his demo account. This is important to know for funding your account adequately and deciding on the lot size to trade this EA.

    The best pair is a volatile pair but going nowhere. Compare these two charts:
    http://s25.postimg.org/gq6k2ct6n/grid_trend_arrows.jpg

    http://s25.postimg.org/m2veghh33/grid_trend_arrows_2.jpg
    More arrows (from moving average crossing over) means choppy market, which is what you want.

  34. Antony

    Hi Alex,
    Start trading on Tue 25 Mar 2014 with $25.000 demo account.
    This week results:
    – Account 1: + 473
    – Account 2: – 498

  36. Laszlo

    Hi Alex,
    I wonder if one account with 2 different Magic Numbers would not equally do at brokers where hedging is allowed.
    Is there any other reasons to have 2 accounts?
    Thanks and regards
    Laszlo

  37. Swordfish

    Mary had answered the same question I had.
    ==================================
    Yes you can trade it on 1 account. For testing we like keeping the information clean and also US clients would have to use 2 accounts. I our example we would not easily be able to tell that the Buy was in fact profitable very quickly – especially if we are monitoring the results closely
    Regards
    Mary

  39. Maarten

    Details for close of market 29-3-14 GBP/JPY Gap 12 Direction 0 Starting Equity $20,000
    Sell Bal $20608 Equity $18219
    Buy Bal $20791 Equity $20753

  40. Alex du Plooy Post author

    Yes thats why the test goes over a 1 month period. In general there should be large drawdowns early in the system as the price action creates open trades but the multiplier has not had time to cancel the “price” of open trades. The longer the period the more chance the Multiplier will have to do this. measuring the exact worst case drawdown is difficult as it is mainly in open deals which is not measured by the MT4i statistics.

  41. Alex du Plooy Post author

    Hi Doug
    Try adding a 1 in the “GridscalingaferGridLevel” setting to activate the 30% increase

  42. Alex du Plooy Post author

    If you are not getting a 30% increase in grid size on negative deals then set this to 1 – No need to start over

  43. Doug Death

    I have now done so -let’s see what difference it makes!

  44. Mark

    GBP-AUD with 24 gap underway (As of today being week 1)

  45. Anne Buchanan

    Started testing today, but have some questions.
    1. Trading a gap of 12 pips on EURUSD with 20% scale. I noticed in the TP most of the figures are around $10-$14 as you would expect. But there are two others – one for $28 and one for $50. Should this happen or has an error occurred?
    2. Although I am fairly sure I set the EAs up correctly, on separate accounts, the buys and sells appeared mixed in both the trade window and accounts history of both accounts, instead of all buys in one account and all sells in the other. Do i need two instances of MT4 to service the separate accounts? I would really like to contribute to this experiment, if I could get some help. Happy to restart the test if needs be . Thanks.

  46. Kolawole

    Hello again Mr Alex, i noticed everyone seem to have the ea and up and running with it. i would like to say again after my first message here that i do not have it yet and you have not responded to my last message. Kindly respond please so as for me to know what to do. Thanks

  47. Anne Buchanan

    Just by the way I also tested the GTT on GBPAUD today as an intraday experiment. Asia session on Monday is often slow and directionless, but it is my day off and my chance to look at the charts. As a still demo trader I have often got myself into trouble on a Monday! Today I set the GTT close to the Asia low, thinking the Pound would travel upward. A fairly choppy day but it did go up and over the mere 50 pips it travelled, I collected 132! I closed out all trades while I was ahead with only a 6 pip loss! Alex you are a genius! Mondays taken care of!

  49. Alex du Plooy Post author

    Unfortunately, only actual owners of the EA (Clients that have paid for the EA) qualify to become testers.

  50. Alex du Plooy Post author

    Hi Anne, I didn’t know it is possible to have 2 active accounts on 1 MT4 installation at the same time. Best to open 2 separate MT4 installations and run the buys on installation and sells on the other. Also remember to have different magic numbers for the Buy and the Sell EA’s. Sounds like you may not have had unique magic numbers resulting in the EAs getting very confused and not trading correctly

  52. Jackie

    Hi Alex & Mary

    I am currently testing TWO sets of the GBPJPY. Start date 2014-04-01

    Set1 Set2 (minimum funds testing)
    GBPJPY GBPJPY
    Sell Acc Opening balance: $30 000 $653
    Buy Acc Opening balance: $20 000 $653
    Lots: 0.1 0.01
    Gap: 15 15

  53. Jackie

    Hi Alex & Mary

    I am currently testing TWO sets of the GBPJPY. Start date 2014-04-01

    Set1
    GBPJPY
    Sell Acc Opening balance: $30 000
    Buy Acc Opening balance: $20 000
    Lots: 0.1
    Gap: 15

    AND
    Set2 (minimum funds testing)
    GBPJPY
    Sell Acc Opening balance: $653
    Buy Acc Opening balance: $653
    Lots: 0.01
    Gap: 15

  54. Gerald

    First weeks results
    EURAUD GAP 15 GAP+% 0
    long trades +209
    short trades 0 no trades taken
    Regards
    Gerald

  55. Maarten

    5-4-14 result GBP/JPY gap 12
    Buy Equity $20254
    Sell Equity $18767
    opening balance for both $20000
    Pretty clear already on these settings that using MACD for direction would give better outcome on this pair.

  56. Michael

    Results for first week testing NZDJPY 15gap O%
    Buy +282 pips floating -364 pips Equity -82 pips
    Sell *308 pips floating -67 pips Equity +240 pip

    Net result for week if all closed + 158 pip for the week

  57. Doug Death

    Results for first week testing EURJPY 12gap scaling 3O%
    Buy +$712.54 floating -$943.80 Equity -$231.26
    Sell +$202.15 floating -$889.34 Equity –$687.19
    Net result for week if all closed -$918.45 for the week

  58. Allan J

    Odd Man Out
    Hi Alex sorry but could not participate in testing due mainly to medical issues
    but like to thank all who did so. theirs and your efforts much appreciated
    Allan

  59. Barbara

    Will it be possible to use this EA on very small accounts, say $500 micro account?

  60. Jaap

    Hi Alex,

    I would like to join as a tester and I will set up tonight (GMT) before market opening. Any pairs you prefer??
    Have you considered to use XAUUSD??

    Cheers

  61. ROD HINDS

    Hi Alex
    From down-under here in Oz , interested in mucking around with grid systems, always been a bit frightened of large draw-downs, hedging is obviously the answer, would love to try some testing , If you need more testers I would be happy to have a go. thanks Rod.

  62. Alex du Plooy Post author

    Hi Rod – Thanks – you have been added to the list of testers

  63. Alex du Plooy Post author

    Thanks Jaap – You have been added to the team of testers

  64. Alex du Plooy Post author

    You need to be able to finance a 1500 pip drawdown and 30 open trades at the same time. If your account can do that at the start you are OK.

  65. Alex du Plooy Post author

    Hi Allan Thanks for letting me know – how you are OK – What I would suggest is to visit the testing results and make comments when possible.

  66. terrenz

    I have Grid Trend Trader_v1.0.0 File Version1.0.0.1296 created 22/03/2013 10.05pm size 1.29 mb
    Is this the latest version for testing purposes

    Terrenz

  68. Jackie

    Hi Mary & Alex

    I cannot find my name on the list but anyway these are the results of the first week of trading.

    Account # FxPro 6348269
    Starting date 01 April 2014
    Opening Balance $500.00
    GTM Direction Sell
    Lot size 0.01
    Grid size 15 pips
    Week 1 (ending Friday 04/04/2014) Closed deals $103.30 (error 1st 4 trades’ lot size was 0.1 changed to 0.01 thereafter)
    Floating deals -$1.15
    Margin 18 160.41%
    Number of open trades 1

    Account # FxPro 4267431
    Starting date 01 April 2014
    Opening Balance $653.270
    GTM Direction Buy
    Lot size 0.01
    Grid size 15 pips
    Week 1 (ending Friday 04/04/2014) Closed deals $23.39
    Floating deals -$128.22
    Margin 1 270.89%
    Number of open trades 13

    Account # Alpari UK 615970
    Starting date 01 April 2014
    Opening Balance $30 000.00
    GTM Direction Sell
    Lot size 0.1
    Grid size 15 pips
    Week 1 (ending Friday 04/04/2014) Closed deals $284.10
    Floating deals -$34.02
    Margin 91 270.85%
    Number of open trades 1

    Account # Alpari UK 615960
    Starting date 01 April 2014
    Opening Balance $20 000.00
    GTM Direction Buy
    Lot size 0.1
    Grid size 15 pips
    Week 1 (ending Friday 04/04/2014) Closed deals $174.21
    Floating deals -$1371.44
    Margin 4 046.38%
    Number of open trades 12

    Thank you and your team for such brilliant and unconventional tools!

    Warmest regards
    Jackie

  69. Song S

    Hi, Alex
    Sorry for late post for last week result since I was travelling. I setup both long and short GTT into one demo account with two separate charts because I would like to monitor how GTT hedge will impact on margin level as real money account. Last week gain is $324.9 for $50k account.

  70. Song S

    last week buy account gain $163.28 , sell account gain $120.38, total 283.66. thanks

  71. Alex du Plooy Post author

    Please log into your EAfactory account to see if you have the latest version of the account. The Expert4x Ea’s are supplied by EAFactory who also supports them. You can contact them at support(at)eafactory.com . When you purchase one of our EAs supplied by EAFactory a webpage is created for you to manage all your purchases and to download the latest versions etc. This webite is at http://my.eafactory.com/expert4x . The login details will have been supplied by EAFactory. If your have forgotten them try to use the password recovery process on their site or alternatively contact them directly.

  72. TERRENZ

    I would like to participate in your testing programme

  73. Olav

    Equity position after 2 weeks:
    Long + USD 181
    Short + USD 265.

  74. Jaap

    Hi Alex,

    XAUUSD is up and running since 07/04/2014 market opening. The buy is on Alpari 619844, sell on Alpari 619843.
    Both have MT4i publisher running as well on the usual address.

    Cheers

  76. Rick

    Quite hopeful idea you have in non-directional GTM. But I wonder if the system can make it through for EURJPY for the period from July 2012 to now?

  77. Alex du Plooy Post author

    Yes best to stay away from trending Currencies and prune open deals as often as possible.

  78. Alex du Plooy Post author

    Just keep going – these things happen in real life too – specially when there are big weekend gaps

  80. Rick

    Every currency pair will have its major trend some time which could jolly well wipe out all profits gained and more. Many hedged and directionless trading systems cannot handle this. How will GTM handle this situation. If users need to be able to detect and foresee upcoming trends, then the system cannot be called a directionless one. Hope something interesting can come out of our discussion group here to best handle this situation.

  81. Mark

    Hi all, so to take the EA one step further – what if pruning could be incorporated into the EA. Firstly the buy and sell would have to be on the same account obviously. But what if the EA could close an open position to maintain a set number of open positions or rather an appropriate permitted balance/ variance factor, or maybe at a certain loss of a postion. The EA would then effectively be able to just follow the trend as it deviates from any side ward movements. I suppose it would be considered a follow stop of like. With this in place it would be next to impossible to wipe out an entire account should the money management side of things be in order.

    As they say in the exam room:
    Compare, contrast and discuss 🙂

    Mark

  82. Anne Buchanan

    Another trap for the GTT . . windows update. If the computer is set to update automatically as was mine, computer was shut down during the night. Have probably lost one grid level in the test.

  83. Mark

    Hi Ann, a couple of tips.
    1) Put your instance of MT4 in the windows startup folder..
    2) I have found this great little EA utility on the MT4i site, it monitors the broker connection. Sends an email if it goes down and when it comes back up. If no connection in ‘x’ then it will automatically restart MT4. http://www.mt4i.com/appstore/category.aspx?id=2&page=2&sort=popularity (Its the auto start NOT the account monitor) Read the pdf first though
    3) Check with your VPS provider. I have been testing two out. CNS which said to use windows update when possible, and another FXVM that said no to use windows update as they monitor the updates anyway and they will inform which updates are critical. I guess this keeps the amount of resources used to a minimum rather than letting windows update everything that it thinks is necessary. From my perspective the jury is till out on this idea.
    4) Turn auto updates off.

  84. Alex du Plooy Post author

    Mark – Thanks very much for this comment. We will definitely automate the pruning process. Below are changes I have already sent through to EAFactory. Yes this make the EA more trend following and reduce the chances of an account wipe out.

    “During the testing of the GTT EA that is currently taking place an interesting concept has come up. I in fact did a video about it earlier this week it is called pruning. Basically is says that there should be a maximum number of deals open at any one time. If there are more the maximum specified one should prune the open deals by closing the deal with the largest negative balance.

    Now in our current setup we could have a buy and sell leg going at the same time or just a buy or just a sell leg. The same concept applies to both scenarios. While you are making changes to the GTT can you please add this one. A variable that says maximum open deals. When the maximum is exceeded the EA will close the trade with the largest negative balance. The maximum will look at the total of all deals (buy and sell) at the same time.

    That will automate the pruning process and add considerable value to the risk management of this EA”

  85. Alex du Plooy Post author

    Yes this is not only a GTT trap but a trap for most EAs and other continuous programmes. Best to switch the update off and do them over weekends.

  87. Barbara

    What gap setting are you using for XAUUSD? Thanks!

  89. Bruce

    Hi Alex,

    Are you able to show the results as cumulative equity change – a quick scan of a couple of the Mt4i accounts suggests that the figures in the table are banked profit and loss.

    I’m really interested in this system and I’m just keen to get a clear idea of how best to set it up.

    Also, I know I’m late off the mark but I’ve just set myself up with a vps so I could run a test for you if you wanted?

    Bruce

  92. Michael

    Hello all

    This weeks accumulative results based on equity only (NZDJPY) 15 Gap no scaling.
    Buy -185 (account 853205)
    Sell +595 (account 111171059)
    Net +410 (for two weeks trading)

  93. Doug Death

    End of week 2, lot size 0.1, EURJPY, gap 12 pips, scaling 30 :-
    Buy -$436.05 8 positions open
    Sell $331.18 7 positions open
    Nett -$104.87

  95. Laszlo

    Hi Alex,
    I took one of your messages that once mt4i works with my account, you do not need any further reports from me, as you make the update upon MT4i data.
    Is that so?
    Please confirm.
    Until then:
    GBPAUD, gap 40, 2nd week
    sell +843,51 $
    buy -410,50 $
    total +433.01
    Best regards
    Laszlo

  96. Laszlo

    Hi Alex,
    I wonder f you have a rule of thumb on pruning: how many trades each side should have before you start it.
    I assume a dozen or so to have the proper range of trades.
    So I do not believe sides of trades of 2 and 8 should be pruned.
    Do you agree?
    Thank you for your support.
    Best regards
    Laszlo

  98. Jaap

    Week 1 XAUUSD gap 300
    long +546.33 (floating -95.53)
    short +461. 49 (floating -943.48)

    Cheers
    Jaap

  99. Mark Nicholson

    Nice numbers Jaap for 1st week with a positive on both legs.
    What lot size per trade are you using?
    Mark

  100. Maarten

    GBP/JPY Gap 12
    Buy Equity 19212 Bal 22895
    Sell Equity 21913 Bal 22726

  102. Alex du Plooy Post author

    Lots sizes should be the same for all testers ( 0.01 )

  103. Alex du Plooy Post author

    Maybe you send the account number through to us

  104. Alex du Plooy Post author

    The results are based on equity

  105. adrian

    Please note table has been filled in wrongly
    april 10 th results are for two weeks testing

  106. Phuc

    Hi,

    Is this a 100% automated EA? Or semi-automated EA?

    Tks for information

    James Phuc

  107. Mark

    Hi Alex.. ok bugger. However it was easily missunderstood as your text above suggested opening an account capable of 0.1 lots but not specifically what amount of lots to trade. . But, you have just now mentioned in your post 0.01.. which i will assume to be a typo.

    Anyhuu, I will be maintaining the continuity and make any notes applicable in the results.

  108. Song S

    Hi, Alex
    another week good result. second week testing result: total gain $680.07. sell account gain $351.42 and buy account gain $328.65.
    ss

  109. Alex du Plooy Post author

    I have reported your result in pips – but lot sizing needs to be consistent amongst testers to be comparable

  110. Alex du Plooy Post author

    It is fully automated at the moment – testers are running their tests for a month with no interference. We are however automating some new concepts in the next upgrade – pruning for instance

  111. Antony

    Hi Alex,
    My 3rd week results:
    – Sell account : equity + 1375
    – Buy account : -1177
    – Net profit : +198

  113. Jaap

    Hi Mark,

    Lot size is 0.1. I have been using the Grid on Gold a long time and following trends. Best week was 4k up. Because of the current trend of gold in my private trading I would not run the sell option.

    Cheers

  114. Jaap

    Hi Alex,

    I have been running with 0.1 lot size. Do you want me to scale it down or keep the lot size as it is and divide the results with a factor 10??

    Cheers
    Jaap

  115. A

    Anything with a 1 will do. It becomes difficult when lots like 0.4 are used. So 0.1 is great

  117. Doug Death

    The relevant account numbers associated with the mt4i accounts are 64511 and 64512.
    My apologies again for the confusion, hopefully this will now contribute useful information,
    Doug.

  119. Olav

    Equity results after 3 weeks are:
    Long + USD 384.
    Short + USD 101.

  120. Olav

    Equity after 3 weeks are:
    Long + USD 384.
    Short + USD 101.

  122. fixer

    Hi Alex/Mary,
    equity results after 3 weeks: Buy +135 plus Short +43 => total 178

  123. A

    That fine no need to change – Which currency and which setting are you testing?

  124. Lindsay

    Hi Alex,

    I am trading the EURJPY with a 17 pip grid size. Trade size = 0.01. Grid scaling after grid level = 2. Grid scaling Pcd = 20. Stop loss = 100 pips.
    As a note to other testers. On the settings I picked, it appears the maximum open trades I can have in any one direction is 4. (Before hitting a stop loss.)

  125. Lindsay

    Hi Alex,
    I think it would be possible to set up an auto-pruning system with the existing EA using a stop loss system. This would be done by working out your maximum number of trades that you wanted. eg 12. Then total the trade gaps for each position plus one more. This gives you your stop loss. Eg If your grid size is 12 and the maximum number of trades in any direction is 12. You would multiply 12(gap size) by 13(positions) = 156. Your stop loss is 156 pips (N.B This example does not use grid scaling.)

  126. Lindsay

    On a side note. 150 pips seems to be the maximum daily volatility on the weekday volatility chart for the EURJPY at the moment. The maximum daily volatility level may be a way of reverse engineering grid spacing for a currency. Take the max. daily level (plus a safety margin) and divide by the number of positions you want to give you your grid spacing. (non-scaling system)

  128. adrian

    Week 1 -293

    Week2 +63

    Week 3 +310

    please correct weeks 1 & 2

  129. Duane Brown

    Alex – I like the looks of this, but I’m concerned with how defining the set-up instructions will.
    @ 76 YOA I am not the most computer literate person in the world. I required very defining
    instruction as to how to set programs up.
    Money is not a problem, but I still hate to lose any of it because I don’t understand how a
    program works.
    I presently have an acct with FXCM. I can change if they are not compatible with this EA
    Duane Brown
    Spokane Valley, WA

  130. BigRunner

    Hmmm…I checked on my sell only account and the EA is saying “Licence Check” and keeps trying to connect. Any idea of what is going on and how we can fix this so that we get accurate results?

  131. BigRunner

    Scratch that…the problem seems to resolve itself and all is working with the sell only account now.

  132. Jon

    Seems i can’t test this. I need a VPS. I am sorry.

  134. Michael

    Hello all

    results for 3rd week of testing NZDJPY 15gap 0% scaling – Net equity for the three weeks +842

  135. Laszlo

    GBPAUD, gap 40, Equity after 3 weeks:
    Long +844.95 $
    Short +325.69 $
    Together 1,170.64 $

  136. Alex du Plooy Post author

    The idea is to prune the biggest loss making deal of both the sell leg and the buy leg together. Not only one of them. To sure that you will achieve that.

    I think you will find a maximum of 12 open deals a loss making setting – please watch the video 30 to 24 open deals is better.

  137. Alex du Plooy Post author

    a 100 pip stop loss will be too restrictive. Don’t use a stop loss at all

  138. Maarten

    GBP/JPY Gap 12
    Buy Bal $23836 Equity $23265
    Sell Bal $23565 Equity $18549

  139. adrian

    now results have been put onto adrian boshoff account instaed of adrian for aud/jpy

  140. Mick

    Hi Alex,
    You mentioned “Pruned?”. It seems that Alpari lost connection to both accounts & failed to close 4 trades on Friday of the second week. I closed the trades manually on both accounts to stop then causing any more interference than they already had. The parallel trades I had running with AxiTrader were all closed correctly, so it seems a reliability issue with my connection to Alpari UK. It is a problem I have suffered before. So one account has extra profits while the other account has extra losses. Combined the difference is not too significant.

    Cheers,
    Mick

  141. Antony

    Hi Alex,
    This week results :
    – Buy account = +660
    – Sell account = +835
    – Total = + 1495

  142. Alan

    Problem finding a broker to get a demo account? Simply go to Alpari website. Problem solved. A million percent no bullshit !!!

  143. michael s

    I have registered my interest to become a tester and am awaiting the software to load onto my accounts

    Thanks

    Michael

  144. A

    As stated on the webpage Unfortunately you need to own the EA to be a tester.

  145. Stephen Eriaku

    Would like to own and test the gym please. Have owned your systems from back in 2010-11. Still believe u guys r the best in Forex anything. Proud to be part of such integrity!

  146. Brahim

    Hi support team,
    I want to be one of your testers.
    I have an account with $2100 at Exness, can I qualify to free GTM,
    Thank you so much

  147. Bethuven Felicio

    Hi, Mr. Alex Du Plooy

    I woud like to be a beta tester of your GTM EA. I”ve been watching all your videos and recorded webnars in your website.
    I am so interested in trading forex.
    I would be so grateful if you can inlist me as one of your beta tester of GTM EA.
    Thank you so much

    best regards
    Bethouven

  148. renee

    like to apply to be a tester. But need to get a copy of gtt ea.

  149. Doug Death

    End of week figures – EURJPY 12 pip gap, 30% gap scaling.
    Buy – +306.06, equity +220.86 d/d 85.20
    Sell – +202.87, equity -279.40, d/d 482.27
    Nett -58.54 for week 1.
    This is at the end of week 1, as the earlier data was lost – and, for some reason, on the MT4 charts there are no trades shown for the last couple of days of the week – but there are trades noted on the terminal data panel – so, I am assuming that these figures are valid.

  150. A

    Thanks – Unfortunately testing is only available to existing owners

  151. A

    Thanks – Unfortunately testing is only available to existing owners.

  152. A

    Please watch your emails about which Broker accounts will qualify for the Free EA

  153. A

    Thanks – Unfortunately testing is only available to existing owners – Watch your emails for more details

  154. Anne Buchanan

    Mark thanks so much for taking the time to share your knowledge. I’ve been away this week but will investigate. Sounds excellent. Cheers. Anne

  155. Anne Buchanan

    Hi All
    End of two weeks with a couple of skipped levels, but hopefully these not too significant in the overall scheme of things.
    EURUSD 12 pip gap 20% scaling Buy $ 271.50
    Sell $63
    Alex, for your info my new start date was 7 April at which point the accounts stood as follows. .
    Buy Balance $25 074 Equity $ 24 687
    Sell Balance 25 289 Equity $ 25 063
    Sorry for the false start. . .

    Cheers and thanks for all you and Mary have given to this community

    Anne

  156. Song S

    Hi, alex
    here is the test result of third week: total gain $310.61 sell account $165.99 and buy account $144.62 and equity gain for last 3 weeks is $1002.88. thanks

  157. Olav

    Equity after 4 weeks:
    Long + USD 507.
    Short + USD 123.

  158. mark

    Hi Alex
    My results for last week in pips.
    GBPUSD – with 24 gap
    1113 pips

    Or
    $305.45 with 0.04 lot size as previously explained

    Maybe you could add another colum to record everbodys pips. Its easy enough to pull thm from mt4i. It would give all the redults a little more perspective even if only for marketing purposes

    Cheers

  160. mark

    Hi Alex the pips I stated arent actually true as these are banked pips and doesnt take into accout the negative floating pips to give an ‘equity’ equivalent. Ignore those i will update when i am able.

  161. fixer

    week 4 equity results:
    Buy 125 + Sell 105 = 230

  162. Jaap

    Hi Alex,

    In the test report you state to check my grid size. The grid size I have is 300 as per your instruction. Anomalies could have occurred since I move from my old computer with some problems to a new one and re-started the EA’s on the new one.

    I hope that helps to clarify any inconsistencies.

    Cheers
    Jaap

  164. Michael

    Hello All
    Here are my accumulative results for the four weeks of testing.
    Pair NZDJPY 15Gap 0% scaling
    Sell +1268
    Buy + 41
    Total for the four week test period +1309

    I thank you for the opportunity to be a tester and hope that the results are reasonably conclusive.

    Michael

  166. Maarten

    GBP/JPY gap 12
    Week 4.
    Buy Bal $24410 Equity $23654
    Sell Bal $24228 Equity $20022

  167. Mark

    Results for Week 4, Week ending 25th April
    GBPAUD Gap 24

    Account equity $366.6 (using 0.04 lots)
    OR
    Pip Equity 1,0764. Taking into account floating pip

    Cheers
    Mark

  168. Laszlo

    Equity after week 4
    GBPAUD gap 40
    Long +1,213.97
    Short -237.65
    Total 976.32

  169. Jaap

    Results week 3 for XAUUSD gap 300 lotsize 0.1 started at 25k each

    Short 27092.29 floating -1790.33 equity 25301.96
    Long 27124.43 floating -1533.82 equity 25590.61

    Cheers
    Jaap

  170. Song S

    Hi, Alex
    here is week 4 test result: buy account gain 82.41, sell account gain 187.41 equity total gain for 4 week 1043.17. thanks.

  172. Antony

    Hi Alex,
    Last week results:
    – Buy Account : +556
    – Sell Account : +1680
    – Overall : + 2236

  173. Antony

    Results up to this week end:
    – Buy account = +1930
    – Sell account = +1229
    – Total = +3159

  174. JT

    Just curious as to why the average win on the buy is about 11 and only 8 on the sell. Are the settings different on the buy than the sell? When will the EA be ready for sale? Very interesting strategy…!!!

    THANKS

  175. Jaap

    Results week 4 for XAUUSD gap 300 lotsize 0.1 started at 25k each

    Short 28030.19 floating -1926.00 equity 26038.20 (916843)
    Long 27964.20 floating -1575.78 equity 26454.41 (916844)

    Cheers
    Jaap

  176. Alex du Plooy Post author

    Well spotted – there were 2 different types of demo accounts used with different leverage and different spreads

  178. Doug Death

    End of 1st. week figures – EURJPY 12 pip gap, 30% gap scaling.
    Buy – +$306.06, equity +$220.86 d/d -$85.20
    Sell – +$202.87, equity -$279.40, d/d -$482.27
    Nett -58.54 for week 1.

    Sorry there were no figures for end of week 2 – I had no access to email/computer.

    End of 3rd. week figures – EURJPY 12 pip gap, 30% gap scaling.
    Buy – Balance +$903.98, equity +$738.65 d/d -$165.33
    Sell – Balance +$436.85, equity -$178.02, d/d -$614.87
    Nett +$560.63 for week 3.

  179. Doug Death

    Further to the above, the figures should read “Total Nett $*** for end of week *”.

  180. Alex du Plooy Post author

    They are infact the cummulative results to date

  182. Shane

    Hi Alex

    Are we still testing? I have to rebuild my vps this week but I can sort it out if we are still testing.

  183. Alex du Plooy Post author

    If you have completed 4 week you can stop – please make sure your results are recorded.

  184. Cynthia

    I have this on two demo accts, FXChoice (1:200) and FXPRO (1:500), mini accts trading .01 with $500, using exact same settings for both accts.
    Trading the EurJpy with a Target Profit of 10, Max Loss Amount of 100, other fields 0, Gap Size=12, other fields 0 (no % scaling), Level Sensitivity=5.0,
    Reentry Allowed=True, MaxOpenTicket=0

    On the FXChoice acct, it has had occasional trades closed in loss, but no trades closed in loss on the FXPRO, same time period. I wonder why
    the FXChoice acct is closing trades at a loss?

    Next, this morning I removed the v2.1 and installed v2.2 on both accts.

    The FXChoice acct says this in the Experts tab:

    “array out of range in ‘Check Group.mqh’ (164,16)

    While I was installing the new version, the eurjpy ran up and after the EA was installed, it didn’t close out the winning buy trades, some of which were around 50 pips in profit.

    It’s like it lost control of the trades while I was re-installing the latest version of the EA and couldn’t pick it back up.

    So I manually closed out the winning buy trades but the EA has not placed any other trades and there’s no writing of the EA parameters on the eurjpy chart…it’s like the EA isn’t being recognized, although in the tabs, it says the EA has been loaded and initialized.

    No new trades have been placed since and no writing on the chart….what’s happening?

    I hesitate to open a new demo acct but I will, just to see if the EA picks up and starts running again on a fresh new demo.
    UPDATE: since the EA still isn’t placing new trades after an hour, I opened a new demo acct on the same terminal/platform, but it still is not placing new trades, it didn’t make writing on the chart, and it still says “array out of range in ‘Ccheck Group.mqh’ (164,16) in the Experts tab.

    But this leaves open the question of WHY did this happen? And if I need to update and install a new version of the EA onto a live acct, will it still recognize the open trades, take profits and re-build the grid and start placing trades again? If not, if it loses control of the grid and the trades, this is a huge problem!!!

    Please comment. Thank you, Cynthia

    PS. I had none of these same problems with the FXPRO demo acct, although the re-installation of the updated version did cause some sell orders to be closed in loss. My question regarding this is: why are some orders being closed at a loss instead of remaining as open trades? Is there a tweak of my settings that would prevent this?

  185. Cynthia

    Pimpmyea has identified this problem: a MT4 bug related to account numbers in builds 625 and 646 (this bug can cause the EA to fail the online authentication when MT4 is restarted)…perhaps it’s the Build problem, although both my FXPRO and FXChoice demo accts are using Build 646.

  186. Alex du Plooy Post author

    Always remember to contact EAFactory directly with any technical problems.

    The GTM is not the same EA as the GTT and will not pick up on old trades.

    If trades are being closed at a loss check your gap size carefully, determine the actual spreads being charged by your broker (EA gives actual and average in the info). If those are OK contact EAFactory. Gather other info such as was an announcement or weekend gap involved etc.

    If there is no EA information on the left of your chart it is very likely that your EA is not active – errors or licencing

    When communicating problems please deal with one problem at a time per communication (Too much reading to find the problem)

  187. Cynthia

    Alex, with all due respect, I am using your Grid Trend Multiplier-GTM because I’m an owner of the previous GTT. That’s what this thread is about and that’s what I’m writing you about.

    I will check my FXChoice broker spread but that still doesn’t explain closed trades with the Grid Trend Multiplier-GTM, because it’s supposed to be accumulating open positions as inventory to be closed later with a profit.

    Also, the fact that when I re-installed the updated version on the FXChoice demo, it lost control of all the trades and quit managing the open trades and no longer placed new trades….plus, no writing on the chart. This cannot be a licensing issue, how could it be? Unless you’re only allowing the EA on one demo acct at a time, which I hope is not the case. I need to test this across the board with several different brokers before I choose which broker to run it live on.

    Again, this happened on FXChoice but not FXPro, so is this possibly a broker issue? I’d like to know if anyone else has experienced the EA losing control of the trades when the new version is installed. If so, this is serious and really needs to be address. You probably won’t allow this post, but if you want your users to have a good experience of the EA, you will want to address these issues in general and I’ll get with your EA technical team in the meantime.

    Cynthia

  188. Alex du Plooy Post author

    At the moment we are all guessing

    Please send a picture of the setting you are using for both accounts so that I can compare them.

    The GTM does not take control of your previous trades – the GTM can not take control of your GTT trades – they are different EAs.

    In general upgrade should preferably not be installed manually they should use the EAFactory installation process. The EAFactory upgrades over the existing one whereas the manual method you maybe deleting the old and then installing the new from scratch.

  189. Barbara

    Hey Jaap, Have you started trading XAUUSD with the new GTM EA yet? What account size, lot size, gap size & other settings do you use? Do you have any suggestions for a small micro $400 account? Thanks tons. Barbara

  190. Barbara

    Hi Alex, I just have a quick question. Do I need to add an extra zero in all of the fields if I’m trading XAUUSD? I’ve got extra zeroes in most of the fields but I’m not sure about the Level Sensitivity field. Do I add an extra zero? I’m not sure I understand what that is completely. If I am experimenting with a $400 demo micro account what level sensitivity would you recommend? Many thanks.

  191. buzz

    Hi Alex,
    I’d like to test GTM as well.
    Plz let me know what to do.
    Thank you – Buzz

  192. Alex du Plooy Post author

    Hi buzz

    We have come to the end of testing the non directional Grid Trend Multiplier strategy so do not require more testers at this stage. Thanks for volunteering.

  193. Doug Death

    End of 4th. week figures – EURJPY 12 pip gap, 30% gap scaling.
    Buy – Balance +$1,074.97, equity -$164.42, d/d -$1,239.39
    Sell – Balance +$720.11, equity +$711, d/d -$9.11
    Nett +$546.58 for week 4.

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