Hey John,,,whats the update on this strategy> Have you stopped trading for a while?

Nice conversation and posting useful information too.

John will be back Monday, he is on vacation.

aLL THE BEST jOHN

Interesting Strategy John, both v1 and v2. I spent some time trying it out and had some great consistant results in testing.

v1 Makes a little more sense as the order mangement works as when your TP is hit you end up in a profit, following the doubling up sequence each time, ie 1,3,6,12,24,48 etc

However without being negative or sounding ungrateful about any of this and you hard work, the problem arises when your stuck on a tight range for a considerable time and unfortunatley no one knows when that is going to occur, it can happen at anytime of day or night and then we dont know when its going to end, infact the duration of it is really secondary, its if your unlucky enough for it to keep going backwards anf forwards activating more and more orders without hitting your TP.

And to make it work to ensure a profit in the end you have to keep placing orders for double the position size each time you exit the hedging zone in either direction. So this type of grid strategy when it works is absolutly awesome, but the one time you get caught out in a long term range then the inevitable "Death Trade" will occur and this will be a case of when, not, if that happens.

After trading full time for 4 years I would say you cant beat basically learning how to trade, but I enjoyed your strategy and will keep an eye on it, maybe there is a solution somewhere that will eliminate the "Death Trade"