Forex EA Robot Trading Blog

Q.

I have version 5 installed on 2 IBFX charts (EUR/JPY and USD/CHF) in mini account with a $3000 balance. The version 5 default settings came up as GridMesh 50, GridMaxOpen 30, minFromPrice 6, and Risk 1.In the FAQ section it states "This is how many orders will be placed. As a rough guide, gridmesh / gridmaxopen gives you a risk ratio,. So at a setting of 50, using 10 orders, the ratio is 5. This is a safe level to run the EA at. Generally it is good to make sure your risk ratio is above 3, unless you have a clear understand of the state of a given pair." The default settings give a ratio of 1.66Is this ok? or should those settings be different? Also, is it ok to trade two pairs at the same time ? If so, how do I adjust the settings?

A. Good questions. The FAQ was last updated for v4, and with version5 it is impossible to have that many open drawn down positions anymore, i have not seen more than 3 drawn down positions at a time, and usually its 2 or 1. So the maxopenpositions is not likely to be hit. The FAQ needs updating. You can set GridMaxOpen to 5 and i doubt it will make any difference in v5, except for extremely strong run-ups, where you want to take on all the positions you can.Yes its ok to trade 2 pairs at the same time, as the EA will look at available margin when determining lot size. If you have overridden the lot size manually, then be much more careful that you are not eating up too much margin.

Labels: Carrygridv5, default settings, FAQ, GridMaxOpen