Forex EA Robot Trading Blog

Q.
I am Running now both EA on a testaccount. The CGv4 is nunning better now...But it is more risky did I understand that right? The v5 takes profit much time before the v4 right? I that the only difference? And what are the detailed settings for take profit on v5 and v4?
A.
The CGv4 is more risky, with a correspondingly higher reward, as it does not have a trailing stop feature. v5 will do better in ranging/bearish markets (smaller drawdown, profit during ranging periods), but not collect huge profits during a run up (as during retracements positions will be closed out). v5 can be made to run more like v4, by modifying the trailing stop value, or turning it off altogether. this will give your trades more room to breathe.
v4 will close out trades when the TREND changesv5 will closeout trades when either the trend changes, or we are in profit enough to have activated the trailing stop, so the trade will be stopped out (in profit)

If you look at the online statement you will see the equity curve with v5 is quite linear.
A potential change for the future is to modify this trailing stop value to reflect the current market conditions, so during ranging periods it would tighten, during trending periods up widen, and during trending periods down, possibly tighten again.

Labels: CarryGrid EA, Carrygridv5, Closing trades, v4, v5

# posted by My FX Tools @ 21:20 0 Comments

Q. Do you know what type of results you are getting from V4 versus V5? I
left my V4 running on GBPJPY and forgot about it. I set CloseOnProfit To
True only and now the demo account is up 11K and has made up 4K over the initial
losses. So at what point does it close the profitable trades again?

A. v4 is definitely going to win over v5 on a big run up, like the present. If you check the demo statement you will see the equity is steadily increasing, but when there is a pullback theres only a couple of open trades, as it generally takes a couple of hundred pips for the trend to change. It will close the profitable trades when the trend reverses - and this is shown by the line colour on the indicator
supplied.
This is also why we still include v4 in the download package. Actually if you use
v5 and set the trailing stop to false you will effectively have a version 4 EA
running.

So v5 presents a lower-risk version with associated lower profits. It will do better in ranging/falling markets, protect your equity better, but in a big bull market you will profit but not make the same killing as you would if you rode it all the way. So it can be tailored to your risk profile.

Labels: CarryGridding, Close positions, GBPJPY, v4, v5

# posted by My FX Tools @ 20:55 0 Comments