Blown Grid King Accounts

whisquer

Forex Magician
Hi - from time to time I've seen oblique comments and allusions about blown Grid King accounts. One trader in particular (who does not appear to be active here anymore) had been telling me about how he blew his GK accounts even more than once.

To me GK has been my go-to Grid EA but I'm eager to hear about how others might have not been so fortunate with GK and to learn from them in terms of what to avoid. If any of you are out there, please get in touch with me. We can discuss either privately or publicly on this thread, but because I'm invested in the GK way, I truly want to know why GK blew up for you, or if you know why it blew up for someone else, please relate the story. We are all here to learn from each other, no? ;)

Wishing you lot of green pips
whisquer
 

Applepine

Forex Trader
What I can say is that Grid King is bottom line a great EA.
BUT....it's a black box EA and you will never really know 100% what it's criteria is....you can deduce some of it by studying your backtests or your live trades...but anyway you slice it....you are isolated from how this really works. So you can bullsh!t yourself with backtests but the there ALWAYS seems to be a situation that makes Grid King croak....and you have no say in it as you will never know why it entered that trade, or what criteria it uses to close. Having said that....Grid King wins a lot more trades and baskets than it looses, so it evens out at the end....and in MY experience I have made a profit.

So what am I bitching about?
Welll....maybe I'm complaining about my unrealistic expectations of Grid King. I get :mad::mad::mad: whenever Grid King botches a trade, or when it starts a hedge :eek::eek::eek:....
In order to trade Grid King you need to understand you WILL take losses....Grid King will drop the ball a few times....and that is simply how grid trading goes.....it's all about the bottom line....adding the losses and pluses and hopefully getting a + at the end.
Grid King works....I just need to be reasonable with my expectations 😇
 

Car Crash

Curious about Forex
Hi - from time to time I've seen oblique comments and allusions about blown Grid King accounts. One trader in particular (who does not appear to be active here anymore) had been telling me about how he blew his GK accounts even more than once.

To me GK has been my go-to Grid EA but I'm eager to hear about how others might have not been so fortunate with GK and to learn from them in terms of what to avoid. If any of you are out there, please get in touch with me. We can discuss either privately or publicly on this thread, but because I'm invested in the GK way, I truly want to know why GK blew up for you, or if you know why it blew up for someone else, please relate the story. We are all here to learn from each other, no? ;)

Wishing you lot of green pips
whisquer
You want to see Grid King blown accounts?

Well here you go @whisquer :


841
 

whisquer

Forex Magician
You want to see Grid King blown accounts?

Well here you go @whisquer :


View attachment 841
Actually, I'm not surprised and thank you for highlighting this. On many occasions on this forum board, I've expressed the view that the $3k balance equity that Wim had indicated is truly NOT sufficient to support trading on all 27 or so pairs. Even if set to the most conservative setting. I'm currently running $15k accounts on 6 pairs only, 7 when GBP-Brexit blows over. But I am sort of starting to think this is the biggest problem with GK; the expectation that one can run GK on 27 or so pairs on $3k balance equity. So could it be that GK is actually OK net-net, except that the recommended account size got some into trouble?
whisquer
 

whisquer

Forex Magician
What I can say is that Grid King is bottom line a great EA.
BUT....it's a black box EA and you will never really know 100% what it's criteria is....you can deduce some of it by studying your backtests or your live trades...but anyway you slice it....you are isolated from how this really works. So you can bullsh!t yourself with backtests but the there ALWAYS seems to be a situation that makes Grid King croak....and you have no say in it as you will never know why it entered that trade, or what criteria it uses to close. Having said that....Grid King wins a lot more trades and baskets than it looses, so it evens out at the end....and in MY experience I have made a profit.

So what am I bitching about?
Welll....maybe I'm complaining about my unrealistic expectations of Grid King. I get :mad::mad::mad: whenever Grid King botches a trade, or when it starts a hedge :eek::eek::eek:....
In order to trade Grid King you need to understand you WILL take losses....Grid King will drop the ball a few times....and that is simply how grid trading goes.....it's all about the bottom line....adding the losses and pluses and hopefully getting a + at the end.
Grid King works....I just need to be reasonable with my expectations 😇
Interestingly, even in Backtests, GK will take orders for e.g. like a buy order at the top of a 2 year resistance level. When it hits resistance and starts to fall, the inevitable grid builds. However, tests show that with ample equity, margin and leverage, it may not only survive but thrive. Therein is the biggest paradox: GK may have blown for some, but may even be ultimately profitable for those with sufficient margin. Is it all down to insufficient balance to begin with? Thank you for your inputs!
whisquer
 

Applepine

Forex Trader
Interestingly, even in Backtests, GK will take orders for e.g. like a buy order at the top of a 2 year resistance level. When it hits resistance and starts to fall, the inevitable grid builds. However, tests show that with ample equity, margin and leverage, it may not only survive but thrive. Therein is the biggest paradox: GK may have blown for some, but may even be ultimately profitable for those with sufficient margin. Is it all down to insufficient balance to begin with? Thank you for your inputs!
whisquer
Well yes, if you have a 100,000 account, you can run GK with your eyes closed....but the trick is how to run Grid King on a 10k or 5k account...that's where the magic is at. But then again....with a 100k account you can run just about any EA and make a profit...eventually all currencies will revisit a "closing level".
 

whisquer

Forex Magician
Well yes, if you have a 100,000 account, you can run GK with your eyes closed....but the trick is how to run Grid King on a 10k or 5k account...that's where the magic is at. But then again....with a 100k account you can run just about any EA and make a profit...eventually all currencies will revisit a "closing level".
Thanks Applepine but help me understand this. By default GK will hedge when the Max Loss level for the pair is reached. Assuming highly conservative risk settings you need almost 3 pairs to be in hedge and other pairs in huge DD in order to experience blowout no? Sorry I don’t have the experience with the blowouts on GK and that’s what I’m trying to find out.
 

whisquer

Forex Magician
Well yes, if you have a 100,000 account, you can run GK with your eyes closed....but the trick is how to run Grid King on a 10k or 5k account...that's where the magic is at. But then again....with a 100k account you can run just about any EA and make a profit...eventually all currencies will revisit a "closing level".
Also do you think it makes any difference whether you run 10 instances of 10k accounts versus one 100k account? If so what would that be?
Whisquer
 
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