Nothing changed. My EA backtested with 10 years of history. Worked excellent then and now too allready 1 year with real money.
Go here audited myfxbook results so far.
Go here audited myfxbook results so far.
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Hybrid Grid System that seems to work 3 replies
Disliked{quote} Please tell me you support and resistance definition. You have only time, open, close high and low data available. How he world you see support and resistance and how the world can this nonsense work at all? Nothing changed. It has never worked, it does not work, and will never work.Ignored
DislikedNothing changed. My EA backtested with 10 years of history. Worked excellent then and now too allready 1 year with real money. {image} Go here audited myfxbook results so far.Ignored
Disliked{quote} It does not look very promising. You have trades of more than 40 times the volume of previous ones. Martingale does not work forever. Your strategy does not explain whether markets have changed or not.Ignored
Disliked{quote} Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. (investopedia.com)Ignored
Disliked{quote} this is not a martingale. it is averaging down used here with SL 20% (never hit in 10 years backtests and in 1 year real money too never hit so far). People do not understand how to use properly averaging/martingale/grid or anything "danger". You can trade with global SL for a whole package of deals not only 1 particular deal SL. I risk 20% to earn +/- 40% yearly on average. Some years might be 30% some years 60%. And it might happen that SL 20% will hit at some day... EA survived Brexit and Covid turbulences. What a kind of disaster that...Ignored
Disliked{quote} That is martingale. Attached the picture of a few of your trades. Numbers represent the order in which trades were opened. The system clearly increases the trading volume as the price moves in the "wrong" direction by around 50 pips. As I said, this will not last. It does not look very promising. In case martingale concept does not align with mine: Martingale System (investopedia.com) {image}Ignored
Disliked{quote} That is averaging down - see here: https://www.ig.com/uk/glossary-tradi...own-definition And you ignored my explanation regarding SL 20%. I won't be wiped out in case too many levels open. Risking 20% of the account. Closing all levels in case the total dd of all opened positions is 20% (never happened so far, and never was in 10 years... dd was max 13%... so I added 7% just in case). Martingale is this: Open position hit SL X pips, position is closed. Then open another position when the entry opportunity arrives...Ignored
DislikedIn the end, the system does not accept a loss. Even if your final intention is to stop at 20% drawdown, you are still in need of trading volume increases of at least 40 times of that you use in the first order in a row. Eventually, 40 times the first trade won't be enough and you'll lose an important part of the balance.Ignored
DislikedI've seen many systems that rely on this same approach. All of them, finally, blow the account. That's why I see this system as not promising.Ignored
DislikedEveryone would rely on that type of strategy otherwise and institutions wouldn't require mathematicians to build their portfolio of algorithms. Averaging Down with martingale requires simple math that anyone can handle. Why did no one come to this simple approach of trading and instead spend such an amount of money to pay experts?Ignored
Disliked{quote} lacks of smart trading logic and relies completely in one of the following two things: - There is an unlimited balance in your account, or - The market will always revert back to a previous price. And both of them are not true. Neither a trader will have unlimited money nor the price will always revert back to a needed price.Ignored
Disliked{quote} How do you measure whether the concentration of demand or supply is enough to be valid. This time in your own words. CheersIgnored
Disliked{quote} will lose 20%. close all positions. restart. that's it. where is a problem? You cant cope with 20% dd? Even with 1% risk per 1 trade, you easily can get -20% of account.. {quote} Yes, shit happens. But I see from history that kind of shit for my strategy happens enough rare (never so far...actually...) so that even if 1 time per year it might hit SL 20%, after that I will gain 30% - 60% back in profits. All you try to say with account wipeout seems this - "you will hit SL 20% 4 times in a row" well stats show this never happened. Even 1...Ignored
DislikedFrom this year July onwards. What works last year, does not work anymore now. I think the world economy is recovering from covid 19. Anyone feels the same?Ignored
DislikedMartingale systems rely completely in one of the following two things: - There is an unlimited balance in your account, or - The market will always revert back to a previous price. And both of them are not true.Ignored
DislikedEven if you limit the loss of the martingale to 20%, the system lacks of robustness. At some point (even if your historical backtests say this is weird), the system will face a situation where consecutive losses of 20% will take place.Ignored
Disliked{quote} I dont need to revert back to the previous price. All i need is some retracement. {quote} 4 brexits in a row? {quote} Time already told everything but you ignore example with 10 years real money trading which I gave - here it is again: For example this one... Or you need 50 years time?Ignored
Disliked{quote} It seems like this discussion does not make sense, as you and the rest of the world see things completely different: - Where everyone sees a martingale you don't. - Where everyone sees a revert back to some previous price, you see some retracement. You close all trades far from the last trades open prices in order for your martingale to work. Both of these properties of your system can be identified in your trades. This implies that you need to revert back to some previous price and second you exponentially increase the trading volume after...Ignored
Disliked{quote} "where PaulMF sees martingale", you mean... not "everyone".. Learn definitions of "Martingale" and "Averaging down". You should understand those are 2 different concepts. YES averaging down can imply raising deals volumes too. Yes averaging down expects that price will retrace. And yes - it is not 100% guaranteed that price will retrace to the needed level so you can't always get out with expected profits or at least break-even. As everything in trading - nothing 100% guaranteed, there are probabilities, risks, diversifications, etc try...Ignored
Disliked{quote} "where PaulMF sees martingale", you mean... not "everyone".. Learn definitions of "Martingale" and "Averaging down". You should understand those are 2 different concepts. YES averaging down can imply raising deals volumes too. Yes averaging down expects that price will retrace. And yes - it is not 100% guaranteed that price will retrace to the needed level so you can't always get out with expected profits or at least break-even. As everything in trading - nothing 100% guaranteed, there are probabilities, risks, diversifications, etc try...Ignored