bloody last post did not come out as i wrote it.
i'll have to attach the TP 20 calculations...
i'll have to attach the TP 20 calculations...
Attached File(s)
TP 20 calc.doc
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The HOLY GRAIL 130 replies
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DislikedI am looking at the EA now and will make some changes. This coding is a lot more complicated than the 10.3 I was using 6 months ago. There has been some good work done on this and good thought put into it. I hope I can add a small amount of success to it. Will test later.Ignored
DislikedA simple answer to your question is the ex4 is set and you cant go in and change the program. A MQ4 you can go in and change the formulas and programming. If you want to test and try different formulas you can use the MQ4 but you need some programming knowledge to do that. I took programming BASIC 20 years ago but after looking at the MQ4 program I could figure out what they are doing even though I can't write programs. Its like being able to read but not write. Sahul Rashid was kind enough to let us take his program and try different things with it. I am testing some different formulas now and one formula looks promising. It is difficult to explain how to do these things but if you have some programming knowledge these are not complicted programs. The problem is getting price action to fit the program LOL. My conclusion is, there is no real program that can just run and it will make a profit however I have found out if you baby sit them they can do very well for you. Its nice to know I can walk away from the computer and it will enter the trade i want without sitting there all day or exit the trade without me being there. That is what I use them for. It is frustrating to sit at a computer for hours only to miss the trade you wanted. Now I use EA to enter a trade or exit a trade.
BobIgnored
DislikedI've backtested this and it has crashed on all currencies within the past 4 years.
But i have had many thoughts.
A start would be to execute trades only when 3 and then 97, or 97 and then 3.
At the moment it will open at trade at say 3, TP, and then open again when dips to 3. It should be total reversal from 3 - 97 etc.
A fact:
there seems to be high enough incidents of trades being closed at first position. ie. open and take 32 pips.
About 7 out of 21 is roughly what i remember.
Apply the logic to SL at the 22 step mark, and open at normal with TP 32.
On a bad trade, SL, you double lots when it opens the next trade.
No death trades. Growing account. But i'm not staying up all night to do this. i am in Asia trade session. All action is when i am in bed, Euroupe and USA time. EA that can make these 2 changes would rock!Ignored
DislikedThe problem with any system is, it will always crash. There is always some way a market will move that will over come any trading system. The better question to ask is: When is a good time to trade a system? With Martingales it is during non-news times. If you trade a Martingale system after the last major US story (around 10-12 am EST) and quit around 3am when the Euro market opens, Martingale systems work very well. They are excellent trading systems for non-heavy trending markets. They can handle some trending just not big ones. I have been using a variation of Azam's program and have tested it on 16 currencies on 5 different MT4 platforms. Stay away from news stories and it wins just about every day. After you get your profit close down your trades every day and start fresh every day. If you notice from the testing crashes take place over a period of days or even weeks. Very rarely will it crash in a short time frame (less than one day) unless you are trading too many or big lots. If you trade one currency and use pennies with several hundred dollars in an account you stand a very good chance of not crashing except at a big news story. With the power of exponential trading pennies turn into dollars and it works. Those are my findings with almost 2 months of using Azams program. Thank you Azam for your EA. I have done very well with it.Ignored