Salve a tutti,
I already started talking about a fully automatic strategy I’ve been working lately. I worked hard on it and I can say that it is finished.
Its name is “ReticoloFX“. “Reticolo” in Italian means “grid”.
It is running on 8 demo accounts since April 23rd and today I want to show you for the first time the results.
A sneak preview of the whole set of EAs:
As you can see ReticoloFX has pocketed a grand total of +6592.7 pips since inception.
Some of the account have even less than 3 weeks. Some are 2 or even only one week old.
The strategy is based on grid trading so it is totally mathematical and automatic.
Differently from the usual grid EAs, ReticoloFX uses a pyramiding strategy, so it adds positions while riding a winning trend. The strategy runs simultaneously on a specific set of currency pairs. If the set is composed of N pairs, than the strategy requires N EAs running on N charts. Each strategy runs independently from the other. Every strategy keeps busy monitoring exclusively the total profit of all its currency pairs. When it reaches a predefined target profit, all the EAs on all the charts of the set, close their trades at the same time. Ready to restart trading again.
The grid step is not fixed but based on volatility. So in periods with a higher volatility, steps are wider. Vice versa, in periods with lower volatility steps are smaller. Also the grid adapts to the average daily range of each pair. We know that there are pairs that on average move more than others. All is made to optimize profits and make the EA automatically adapt to the pair characteristics and to the period volatility.
Forward testing suggests that this approach works great
Another very important thing are the set of pairs.
We have 8 distinct trading systems, each of them implementing the same basic strategy described above, but applied to a different set of pairs.
The set of pairs is chosen according to a “basket” or “ring” logic.
Baskets are composed of all the major pairs related to a specific currency. We have two baskets running at the moment: USD and JPY. As an example the USD basket is composed of AUDUSD, USDCAD, USDCHF, EURUSD, GBPUSD, USDJPY and NZDUSD. So 7 pairs for each basket. Each ReticoloFX basket requires 7 EAs running simultaneously on a MT4 platform.
Rings instead are composed of all the pairs coming from the combination of 3 currencies. We have 6 rings now running but we are trying to “find” other ones that are profitable. As an example the CHF/EUR/USD ring is made of EURUSD, EURCHF and USDCHF. So 3 pairs only for each ring. Each ReticoloFX ring requires 3 EAs running simultaneously on a MT4 platform.
Here are the equities of each of the 8 trading systems running:
We need to test ReticoloFX a little more, but we’d like to release it before the end of May. So maximum a couple of weeks from now.
So be patient 😀 We’ll keep you updated!