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pipsquick16 May 1, 2019 1:40pm | Post# 61

{quote} I never got Tera's managed account verified and the funds have been withdrawn. I will be posting a new myfxbook link ether today or tomorrow. This account has $2564 in it. You guys will be able to follow along. Also, this is not a martingale system. It's capable of doing martingale but I choose not to. It's a flexible grid system. I've incorporated MANY unusual hedging futures to help the EA profit in the long-run. Check out my latest video.
The reason why I asked about the reverse logic is because your example in your video showed that you kept buying every 20 pips in a down trend. So although you may not be increasing lots size it is considered to be Martingale if you are going against the trend.

profitfarmer May 1, 2019 2:20pm | Post# 62

{quote} The reason why I asked about the reverse logic is because your example in your video showed that you kept buying every 20 pips in a down trend. So although you may not be increasing lots size it is considered to be Martingale if you are going against the trend.
nope, it is "considered" a grid. simple as that.

forex.bvt May 1, 2019 2:23pm | Post# 63

[quote=T4Trade;12248307]
{quote} Hello, where is the EA file?[/quot sorry I don't want to be rude ,it is jsut an advice,it looks like that you are new to Forex factory.always first do your homework before asking questions and wasting time of advance traders,check the first post,watch all the videos,go and look in search for all doubts,then only post question.no one likes spoon feeding but still traders here are very humble.
Understood..., thank's

pipsquick16 May 1, 2019 5:01pm | Post# 64

Cubbybgood, I consider myself to be an expert at MT4 back testing, and I use the TDS software to get the 99.9% modeling quality. Your back test on the GBPCAD from Jan 6/2010 until April 4/2019 had an ROI of 37,221%, and a draw down of 59% which like you said is huge draw down.

I am a little confused here because you said in your video that your ROI per month is approx 5-10% per pair. This back test produced results of over 300% per month, which is a far cry from 5-10% ROI per month. You started with a $1000 at 0.01 lots and ended up at the end trading 3.71 lots, so be no means did you over leverage your account to get these results, so can you explain this please.

You basically said to trade 0.01 lots per $1000 in balance per pair if I understood you correctly. So in order to trade all 3 pairs all on one account, it would have to be a minimum of $3k at 0.01 lots, correct ?? Just completed a one year back test on the GBPCAD on a $10k demo at 0.1 lots, and got a return of 57% at 28% draw down, which works ot to be approx 5% ROI per month.

Cubbybgood May 1, 2019 5:07pm | Post# 65

Cubbybgood, I consider myself to be an expert at MT4 back testing, and I use the TDS software to get the 99.9% modeling quality. Your back test on the GBPCAD from Jan 6/2010 until April 4/2019 had an ROI of 37,221%, and a draw down of 59% which like you said is huge draw down. I am a little confused here because you said in your video that your ROI per month is approx 5-10% per pair. This back test produced results of over 300% per month, which is a
far cry from 5-10% ROI per month. You started with
a $1000 at 0.01 lots and ended up at the end...
Yeah, sorry for the confusion here. It’s 5-10% a month for all 3 pairs combined! Only around 3-5% a month on the gbpcad alone. I’m not sure if I ever said 5-10% a month per pair. Let me know when and where so I can correct it. Thanks

pipsquick16 May 1, 2019 5:11pm | Post# 66

{quote} Yeah, sorry for the confusion here. Itís 5-10% a month for all 3 pairs combined! Only around 3-5% a month on the gbpcad alone. Iím not sure if I ever said 5-10% a month per pair. Let me know when and where so I can correct it. Thanks
How big of an account size do I need to run all 3 pairs and keep the DD to a safe level obviously, and that would be at 0.01 lots per pair I am assuming ??

Cubbybgood May 1, 2019 5:15pm | Post# 67

{quote} How big of an account size do I need to run all 3 pairs and keep the DD to a safe level obviously, and that would be at 0.01 lots per pair I am assuming ??
I state this in some of my setup videos I believe.

Also, it says in the set file as well...

$1k for at least 200:1 leverage. I recommend 500:1 though

profitkeeper May 2, 2019 12:50am | Post# 68

In the set file you have trading times of 15:00 - 9:00. I assume this is broker time. With my broker that means that it shuts down at the European open. Is that correct?
I just noticed that Trade time is set to false, so please ignore this post unless you do have a preferred trading time.

dansunny-fx May 2, 2019 3:08am | Post# 69

Any possible way to use this on GBPUSD and EURUSD?
My broker's spreads on the 3 pairs are outrageous.
It hit 25 pips yesterday.

Robot Trader May 2, 2019 4:36am | Post# 70

I just released PART 2 in explaining how my EA works! I talk about some of the hedging functions in this video... https://www.youtube.com/watch?v=ljr49feYoxI
Watching your video, it seems to be a grid correlation strategy (because of the pair combinations you are using)

For me correlation trading gives an edge in Forex, you just need to pull the trigger when the pairs are out of sync and then grid them back to the Mean.

I flipped through the thread, I will go back and see what your trigger is

Cheers RT

rugmo May 2, 2019 4:38am | Post# 71

Thank you so much!

You give me some really good ideas here. I'm working on a similar EA as your, so this will really help.

dokopy May 2, 2019 5:00am | Post# 72

I'm Back! Hello everyone! It's been a while. I have something to share with everyone. I've been so tired of all the scams out there when it comes to garbage forex products I've decided to release my most prized EA to the public for free! It's my time to give back! My EA has been worked on for over 6 years and has been profitable EVERY MONTH for over 13 years. The very few EA's out there that trade like mine sell for literally $1000's of dollars. I understand why people want to sell their hard work for that cost but I've always wanted to do things...
I'm reading through a translator. I don't understand the video. Error message: "Serial number is wrong". Are there other restrictions? What with them?

mmalmahmeed May 2, 2019 5:01am | Post# 73

Is the EA setting (filter spread: 10) if for 4 or 5 digit broker ?

Kaylan May 2, 2019 5:13am | Post# 74

I keep getting a message stating that the serial number is wrong.

Hi dokopy

You need to load the presets. The serial number is attached to the presets…

dokopy May 2, 2019 6:09am | Post# 75

I keep getting a message stating that the serial number is wrong. Hi dokopy You need to load the presets. The serial number is attached to the presetsÖ
Well thank you. Is there another restriction? For example, expiration.

kennkann May 2, 2019 6:14am | Post# 76

can not find your fxbook account?

PowerMoon May 2, 2019 6:55am | Post# 77

{quote} nope, it is "considered" a grid. simple as that.
it's even easier.
For subsequent purchases (no matter how many and no matter which purchase factor) Grid is when you use a SL, without SL it is martingale.
but both systems are heavily disadvantaged (with profit and drawdown) compared to a direct one-off entry with the full amount and SL, but then the entrances must also be about good.

Robot Trader May 2, 2019 10:16am | Post# 78

{quote} it's even easier. For subsequent purchases (no matter how many and no matter which purchase factor) Grid is when you use a SL, without SL it is martingale. but both systems are heavily disadvantaged (with profit and drawdown) compared to a direct one-off entry with the full amount and SL, but then the entrances must also be about good.
Martingale is when you open larger lot sizes, mainly to reduce the retrace required to get out of a sequence of trades and gain a profit or at the very least not blow the account, but this would still be a grid.

Opening trades at set distances without increasing Lot sizes is just a grid, martingale strategy dates back to the 18th century and it is based on doubling your bets to try and get back what was already lost.

In forex it does not need to double each new Lot, because the retrace reduces the first open trades potential loss.

But having an SL doesn't mean the strategy is not martingale, it just means you don't want to keep funding your account hoping the market will retrace before blowing it up.

PowerMoon May 2, 2019 10:28am | Post# 79

{quote} Martingale is when you open larger lot sizes, mainly to reduce the retrace required to get out of a sequence of trades and gain a profit or at the very least not blow the account, but this would still be a grid. Opening trades at set distances without increasing Lot sizes is just a grid, martingale strategy dates back to the 18th century and it is based on doubling your bets to try and get back what was already lost. In forex it does not need to double each new Lot, because the retrace reduces the first open trades potential loss. But having...
martingale is everything you re buy (without SL, or Margin Call SL= all or nothing trading), no matter what factor you use!
you're just thinking about factor 2 (which is an extremely extreme old and long-out-of-date description), the factor can be any number, even less than 1.0.
but always, the strategy is only meaningful for beginners or relatively unsafe trading system which does not generate a very good entry, so that one can compensate for this problem somehow. for the normal cases, a one-time entry with full volume and SL is always far superior.
but this is only the objective mathematical consideration, everyone can subjectively have a different opinion, but this is not the best way. but you do not have to do everything perfectly right, and still be successful ... and you can improve much more over the years.
but the definitions are far apart in such martingale / grid systems anyway, since they use almost only beginner. that means I agree with you too.

BataviaTrade May 2, 2019 11:03am | Post# 80

{quote} Martingale is when you open larger lot sizes, mainly to reduce the retrace required to get out of a sequence of trades and gain a profit or at the very least not blow the account, but this would still be a grid. Opening trades at set distances without increasing Lot sizes is just a grid, martingale strategy dates back to the 18th century and it is based on doubling your bets to try and get back what was already lost. In forex it does not need to double each new Lot, because the retrace reduces the first open trades potential loss. But having...
I think tossing a dime or a night at the casino raising the odds more than martingale. Adding to losing positions, which less than 50% chance price will retrace. Why would price suddenly retrace at all when it's in a ex. downfall? Just because the trading gods have mercy with you is the only reason i could think of.


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