Converting MT4 grid strategy to PRT

• 12/20/2017 at 4:48 PM #56155
  Juan Salas

  Hi Nicolas,
  I wasn´t sure if you would allow to convert files from MT4 to ProRealTime, but after seeing this information, I have decided to send you this request.
  I read your instructions on converting the files, and the first thing I would like to let you know is that I don’t have MT4, only PRT, so I don’t have any screenshots of the strategy as it is, or the code itself. I have the just the files that I have downloaded from a Spanish forum in a section dedicated to GRID strategies.
  In the screenshot attached, we can see how the price got trapped between the orders. If it drops, we sell, and if it goes up, we buy. Apparently, the strategy will be covering the new areas without operations as soon as the price moves.
  I believe you can configure it to a 100%: profits, distance between orders, etc.
  Of course, as any strategy based on martingale and accumulation, we have to be aware of the potential loss.
  There are 2 graphics (LONG and SHORT) for each instrument and it works in 5M.
  I am afraid I cannot provide more information, since I have not seen the strategy, but I would like to show you in case you may have any interest in putting it in your blogs as example of grid strategy.
  In case it is not possible the conversion, there is no problem. No rush, I have all the time in the world.
  In any case, thank you as always for your time.
  Juan B. Salas

  

  Juan Salas

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  12/21/2017 at 9:33 AM #56200
  Nicolas

  Thank you Juan, every ideas are welcome. Other trading platforms files are allowed to be shared in forums, as long as they are posted to be converted or to served as knowledge base for new prorealtime codes development.

  I reviewed the code quickly this morning, entries are made with 2 set of Bollinger Bands, when a short term one breach a long term one, a contrarian order is launched, betting on a mean reversion. If the first trade is not reaching a profit until a new condition appear, a new order is opened and so on …

  There are many other settings to play with: grid space, automatic profit with trailing stop, lot multiplier for each new trade, etc. You are right, many of these automatic trading functions could be useful for people around here, I’ll certainly translate this code within the next few days/week(s)… It is a very busy time of the year 🙂

  

  Nicolas

  Keymaster

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  12/21/2017 at 4:47 PM #56270
  Juan Salas

  Hi Nicolas,

  Thank you for your interest in translating this code into PRT. I hope it can be added to the learning info of PRC.

  Please, take your time, since these days are really to be with family and disconnect from the markets a little bit. Sincerely, no rush.

  I would also like to take this opportunity to wish to our community of ProRealCode users Merry Christmas and the best for next year.

  Cheers,

  Juan

  P.S.- When I joined this community June 17, we were merely 6.000 members. I just realised that, after six months, we have reached the 10.000 members this month. This only means that more a more people appreciate the work you guys are doing helping others to learn the insights of automatic trading with PRT. Congrats.

  

  Juan Salas

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  Topics: 39

  Replies: 246

  Been thanked: 63 times
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