Everybody has been looking for the Tengari Martingale in Mq4 but couldn't find it...
I have attached it below.
The thing about the EA is it produces profits really quickly, but the DD is unbearable and eventually blows out your account.
It works buy figuring out which direction the market is going and places a buy or sell in it's respective directions.
If the market goes up for example, it doesn't place buy positions as it moves up, it places buy positions as it moves down and increases the lot size as it goes further down. It does this so it will only have to move up a few extra pips until it closes all trades (particular the last trade it placed because it's the highest lot size) at a total profit, then it resets itself all over again.
It would be great if somebody could figure out how to make it place short trades while it places long trades during it's regular routine. Granted that it only places long trades when it goes down, why not put a sell position there aswell. It will be an excellent way to reduce the draw down and it will also make us some extra profits at the same time.
Example:
As it goes down it places buy orders...
| buy 0.01
| buy 0.03 #sell 0.04#
| buy 0.05
| buy 0.09
When it goes up again it takes a profit and closes all trades, but it would be good if it also placed a sell position here #
That way it would make at least 10 pips sell every single time it does it's regular magic. This would also need to happen in the opposite direction.
For example:
As it goes up and places sell orders it puts a buy position....
| sell 0.09
| sell 0.06
| sell 0.03 #buy 0.04#
| sell 0.01
This Martingale (as far as I know) will only start to do the opposite once the market reverts back to it's original starting price position. In other words, if your first trade is at 1.2600 and it's in a buy position, if the market keeps going up it will continue to put buy positions, but when the market starts down again at let's say 1.3600, it will not put any more sell positions until it goes back down to it's original starting point of 1.2600.
The way how this EA operates, an additional sell position or buy position in it's respective directions could prevent this EA from blowing up your account. I know it might seem counter productive in theory, but the way how this Ea operates, I think putting an extra sell/buy position would increase it's overall profits and effectiveness.
What do you think? Have you got any other ideas or uses for this Martingale? Could you possibly edit the code?
Nicholas
I have attached it below.
The thing about the EA is it produces profits really quickly, but the DD is unbearable and eventually blows out your account.
It works buy figuring out which direction the market is going and places a buy or sell in it's respective directions.
If the market goes up for example, it doesn't place buy positions as it moves up, it places buy positions as it moves down and increases the lot size as it goes further down. It does this so it will only have to move up a few extra pips until it closes all trades (particular the last trade it placed because it's the highest lot size) at a total profit, then it resets itself all over again.
It would be great if somebody could figure out how to make it place short trades while it places long trades during it's regular routine. Granted that it only places long trades when it goes down, why not put a sell position there aswell. It will be an excellent way to reduce the draw down and it will also make us some extra profits at the same time.
Example:
As it goes down it places buy orders...
| buy 0.01
| buy 0.03 #sell 0.04#
| buy 0.05
| buy 0.09
When it goes up again it takes a profit and closes all trades, but it would be good if it also placed a sell position here #
That way it would make at least 10 pips sell every single time it does it's regular magic. This would also need to happen in the opposite direction.
For example:
As it goes up and places sell orders it puts a buy position....
| sell 0.09
| sell 0.06
| sell 0.03 #buy 0.04#
| sell 0.01
This Martingale (as far as I know) will only start to do the opposite once the market reverts back to it's original starting price position. In other words, if your first trade is at 1.2600 and it's in a buy position, if the market keeps going up it will continue to put buy positions, but when the market starts down again at let's say 1.3600, it will not put any more sell positions until it goes back down to it's original starting point of 1.2600.
The way how this EA operates, an additional sell position or buy position in it's respective directions could prevent this EA from blowing up your account. I know it might seem counter productive in theory, but the way how this Ea operates, I think putting an extra sell/buy position would increase it's overall profits and effectiveness.
What do you think? Have you got any other ideas or uses for this Martingale? Could you possibly edit the code?
Nicholas
Attached File(s)
Tengri_1.4.3.mq4
21 KB
|
321 downloads
Silence2_02.ex4
5 KB
|
266 downloads