Volatility based default set

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Hi guys,

Rather than having fixed step size, I've been tinkering with the idea of having the steps based on volatility. Specially with the ability to fix the volatility based on the first order, we can have a somewhat flexible, but still controlled grid spacing. The goal is to make the grid reflect somewhat recent price volatility. I've also done the same for the pending order distance.

Furthermore, once we have the max orders placed, i think its beneficial to have the "close any with any" option enabled along with "Allow hedge only on main drawdown %"

So I modified the default set to use a coefficient of the ATR indicator, along with the above mentioned.

Here's the results of 01.01.2018 to 03.20.2023 on OctaFX with $1000 as initial deposit:

Image 4200

Image 4201


Would appreciate your inputs on how to further progress this idea.

VolBasedEURUSD

MT version:
Set for MT5 only
EA version:
2.50
Symbol:
EURUSD
TimeFrame:
M5
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fengli
Quote from lytnin

Hey, I only got a DD% reduction of 3% but alot less return overall... Which broker did u test on?

Pepperstone live server with leverage 1:200