hi
im testing the ea but is there a way to set all trades to be 0.01 lot only instead of increasing lots?
im testing the ea but is there a way to set all trades to be 0.01 lot only instead of increasing lots?
DislikedI believe this concept has generally been covered by this old thread and might be worth a read especially for the coders. https://www.forex-tsd.com/forum/trad...91-pipmaker-v1Ignored
Disliked{quote} That is a very good idea ... this way it won't BLOW UP so easily.Ignored
Disliked{quote} The MAIN reason why all these type of Martingale EA's Blow Up accounts because they all increase the lot size. Who say that the lots need to be increased after each order? NOBODY! That's who. This is the key to running a Grid with success. And for all of you who thinks they can run these types of strategies with $100 to $300 is looking for a quick END to their account. For each starting lot of 0.01 $10,000 is needed to withstand HUGE Draw Downs. Anything less and it's going to BLOW UP YOUR ACCOUNT!!!Ignored
Disliked10.000$ per 0.01lot is a little bit on the extreme side though just don't use 1 pip steps as increments. and in general don't position your hopes to double account every 2 hours or whatnot!Ignored
DislikedSuggestion: What if you display on the right hand side the long profit or loss with number of trades and the calculation as you described in the video, and the same for the shorts on the other side. And maybe have a close out ea that you can apply to get out before a news event, that close out positions without opening new ones, and once a acceptable loss value is reached (pre-selected in the inputs of course) closes out all trades. call be a dumb ass if this doesn't make sense.Ignored
Disliked{quote} I have been running these type of Bots for over 8 years. TRUST ME I know what I am talking about. I am trying to help people here understand just how dangerous these bots can be. They all do good in a sideways range. But as soon as the pair they run it on BREAKS out and runs 600 pips with NO RETRACE then what? BOOM!!! SO TRUST ME WHEN I SAY YOU NEED MINIMUM $10,000 per 0.01 lot traded and trading this on the EURUSD is also a disaster. You need to run it on a pair that chops up and down like the EURGBP or the AUDCAD ect... I have tested over...Ignored
DislikedRanging pairs/assets are obviously mandatory for this EA to be successful. Also, the fixed lot version stands the best chance of yielding consistently profitable results, be they far from certainty. I guess assuming and containing the fact that it will blow up in certain heavily trending market conditions is part of its success. Should we throw it away just because it works ok 90% cases and it may blow up in 10% of cases? Definitely not. So we should rather use small accounts + frequent withdrawals.Ignored
Disliked{quote} As many others (incl. me) have emphasized - due the HEDGING part - sudden market moves will not significantly impact the floating equity.Ignored
Disliked{quote} thanks for your suggestion soeasy but did you read all the posts in this thread from start??? If not, please read it and then comment, because the idea here is to hedge all the positions, so even if the price trends, only money you could lose is the spread...Ignored