Q.
So trading several micros is considered high risk or agressive with this system
on a couple thousand dollar account. According to what you show here you made
10% in a week. That is pretty phenomenal. In the past, trading live, not with a
demo how has been more normal for the system to produce?
A.This is really a long term position building system, and thats why the lots are
small. We are here for the long term so survive market drawdowns and reap the
full benefits of the long trending runs.
Q. Does the system rely solely on the carry for profits?
A .No it does not, as of course, the pips made dwarf the profits from carry. We have a very good trend indicator built in.
Carry usually accounts for around 25% of profits. Trading in both directions
might provide more than that - this is something we are looking at currently. There will always be a swap-positive
bias to the trading however, as it brings so many benefits.
Q. In order for me to trade the system I need to know in detail how the sytems
determines when to get in and when to get out. What indicators, who logic does
it use etc. I need to know precisely how the EA makes its decisions. If I
don't know this then I can't make an educated decision on whether this system
meets my risk requirements.
A. You can see from the indicator supplied on the daily chart when the EA will
trade. If the line is green it will trade, if it is red, it will not. If it
is blue, it will 'grid in', or keep buying at gridmesh intervals, whilst the
trend prevails. The indicator primarily dictates when to trade.
Q. Can it be used with any pair or only GBPJPY?
A. Yes it can. But please do check with me before you trade a given pair and i
will advise. We are currently testing various pairs, but here are two we have
fully tested/approved: GBPJPY & GBPCHF.
Below is an email from a user who describes
his own experience using the EA.
MY PERSONAL EXPERIENCE WITH CARRYGRIDDING:
I have purchased many EA but this is 1 of 4 EA's that actually work. I have another 7 EA's which are useless.
As I requested version 4 of carrygridding early to test I have had time to look at the results it generates. I have tested the EA using 8 charts with a 4H time frame.
I kept most of the default settings the same, I changed the usemanuallots to true and traded with lots of 0.1.
I trade a mini account with interbank FX
My experience for each chart (back and forward (live) tested)
GBPJPY
Back Test
Back test generates excellent results, making a huge profit from the beginning of this year to the current date.
During March there was a huge drawdown but it recovered.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a great profit position.
GBPCHF
Back Test
Back test generates excellent results, making a huge profit (less that GBPJPY) from the beginning of this year to the current date.
During March there was a huge drawdown but it recovered.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a loss position, the swap rates are good but I believe that the loss will turn.
USDJPY
Back Test
Back test generates good results, making a modest profit from the beginning March to the current date.
There were no significant drawdown.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a profit position. I have had some profit positions closed.
USDCHF
Back Test
Back test generates good results, making a good profit from the beginning of the year to the current date.
There were a few drawdown but nothing of real concern.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a neutral position. But it should go up soon with swaps and a change in the trend.
NZDJPY
Back Test
Back test generates excellent results, making a great profit from the beginning of the year to the current date.
There were a few small drawdown which don't last long.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a good positive position. A few positive positions have closed.
AUDJPY
Back Test
Back test generates excellent results, making a great profit from the beginning of the year to the current date.
There was a big drawdown in March but did not last for too long.
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a good positive position. A few positive positions have closed.
EURJPY
Back Test
Back test generates excellent results, making a great profit from the beginning of the year to the current date.
There were very few drawdown .
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a good positive position.
EURCHF
Back Test
Back test generates good results, making a profit from the beginning of April to the current date.
There were very no real drawdown
Forward Live Test
Forward test from the end of June to the current date.
Forward live results currently put me in a decent positive position.
I will be experimenting with other time frames to see if they work well with this EA.
