Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

SWB Stealth (Martingale) 95 replies

SWB Martingale EA (with best setting) 63 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

SWB Super Trend 77 replies

Attachments: SWB Martingale EA
Exit Attachments

SWB Martingale EA

Quoting ecTrade
Everything seems to work okay, except there seems to be a problems when it gets to level 7 (on hedge). It won't open next non-hedge order, but closes out old hedge and opens new hedge at higher lot level. It continues to do this and will stay at level 7, but opens (and closes) new hedges as the price goes up. Have no idea why?
Okay, I think I know what happened. The lots total got too high, so it wouldn't open the next order or 8th level. In fact I went back and retested it, after doubling the initial deposit, and it had no problem placing the 8th order.

So, this is just something to be mindful of, I guess.
Thanks a lot Ec, fantastic work.
I will try it tonight when the session starts.
So far it looks very good.
I will report tomorrow how it works. If everything works well I'm planning to go live next week.
Okay, now it's doing it at level 8. But, basically since I doubled the lot size, from level 7 to level 8, that would make sense. And, in fact when I checked the journal, that's what it said, "not enough money." Will have to try it with different settings I guess.
Quoting raph19
Thanks a lot Ec, fantastic work.
I will try it tonight when the session starts.
So far it looks very good.
Hey, I didn't see this! ... must be straining too much in front of the computer.

Oh, and you're welcome.

Quote
I will report tomorrow how it works. If everything works well I'm planning to go live next week.
Good luck!
Hi EcTrade,

Just running some tests on your latest version with hedging and I just want to say it looks teriffic.

For the tests I extended the range to 60 on GBPUSD and ran the EA on the 1 hour chart.

It looks like it is the closest thing to an EA where you can set it and let it collect the pips with a very managable low draw down.

Very impressive, many thanks indeed.

Aidan.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdrange60.gif Size: 8 KB
Quoting pipernet
Hi EcTrade,

Just running some tests on your latest version with hedging and I just want to say it looks teriffic.

For the tests I extended the range to 60 on GBPUSD and ran the EA on the 1 hour chart.

It looks like it is the closest thing to an EA where you can set it and let it collect the pips with a very managable low draw down.
Of course now all you have to do is find an account that will allow you to hedge ... at least in the States.

Also, it wasn't my idea. It was raph19's. I just implemented it.
Hello ecTrade. I intend to go live with hedge swb after demo this I WOULD LIKE TO FORWARD test but I need to know what every cloumn does.. There are 2 things which I am uncertain: What does increament mean and what SL TP means?
Do You think we do not need any shirt protection in SWB Hedge version? Of course I can use MPTM, but I intend to set SL for each pair individualy which would be dificult with MPTM.

Many thanks and big respect to you

Regards Karel
Quoting carolco
There are 2 things which I am uncertain: What does increament mean and what SL TP means?
I have no idea what these are? I basically use the default settings, except I might set the range and tp_in_money values (and possibly lot ratio) differently.

Quote
Do You think we do not need any shirt protection in SWB Hedge version?
Shirt protection, what's that?

Quote
Of course I can use MPTM, but I intend to set SL for each pair individualy which would be dificult with MPTM.

Many thanks and big respect to you

Regards Karel
I prefer not use SL settings myself, and opt to find more "creative" ways of closing out.
Increment will be used when the multiplier is set to false.

i.e. if start lot is 0.01 then an increment of 0.02 will mean that the next lot will be 0.03 (0.01+0.02) and the next 0.05 (0.03+0.02) and so on.

Regards.
Thanks for reply.
If I understand well there is an option to trade the grid with SL and after SL is hit new trade is executed with bigger size level- That way I do not carry over 1 regular lot in 10th level but only 5.12, right?

Thank You guys and let there pips be with you..

K.
Sorry about offtopic.

Do You know any broker who allows to trade 100 and less of base currency units, have at least 1:100 or better leverage, uses MT4 and allows to hedge?

try to google it but havent find it...
  • Post #232
  • Quote
  • Edited Jun 16, 2010 4:42am Jun 15, 2010 7:10pm | Edited Jun 16, 2010 4:42am
You can try posting a thread in the brokers section. Although I heard DeltaStock was supposed to be pretty good, although they are located in Bulgaria I believe.

They have their own platform which is kind of funky though, but you do have the option (if you look for it) to download MT4 platform by itself.
Thanks.. They offer minimum lot size 1.000 currency units (0.1USD on EU) which is too much. Ideal brooker for this EA is no minimum or 10 units minimum lot size, 1:500 leverage, no maximum lot size, Allow hedge, and have no limitations of opening orders and MT4 of course.. But it seems that doesnt exist such a brooker.. But I will ask on brooker discussion. Thanx
I have a martingale strategy which is a bit different from the one discussed here.
I need someone to make an EA for it. I have been using it for some time now and are making constant profits. The problem is i have to place a lot of pending orders per day on 4 different accounts and it is killing me.

If anyone is interested to write an EA please pm me. It is not the holy grail, but if you apply money management it produces constant profits.

Profit taking is not automated . You do it manually whenever you feel so.
Never Ever Give Up!
Quoting carolco
Thanks.. They offer minimum lot size 1.000 currency units (0.1USD on EU) which is too much. Ideal brooker for this EA is no minimum or 10 units minimum lot size, 1:500 leverage, no maximum lot size, Allow hedge, and have no limitations of opening orders and MT4 of course.. But it seems that doesnt exist such a brooker.. But I will ask on brooker discussion. Thanx
Try this link:

www.100forexbrokers.com/mt4forexbrokers
Never Ever Give Up!
thank you..
Odd, I have the lot multiplier set to "true" and the multiplier set to 2.0. The increament (which I'm assuming means imcrement) is set to 1.0 but should be overriden by the multiplier being set to "true". I have this running on the GBPUSD on a five minute and I'm level 3. I bought .10, then .20, then .30. Shouldn't that 3rd level have been .40?

Also, two quick questions......can anyone tell me if the "use_sl_and_tp" is set to true, does that override the tp_in_money? And if so, the defaults are 60.0 and 30.0. Are those dollars for the batch?

And lastly, on the heding portion at the bottom, can someone please tell me what those inputs are for. I'm assuming that hedge_start means that a hedge will be put on when level 4 is hit. So if .1, then .2, then .4 are already on, when .8 goes on it will simultaneoulsy trigger a hedge of half the size of the fourth level if that number is set to .5. Is this correct? Then if the lot_multiplier_2 is set to 1.5, it should multiply that hedge amount by 1.5 when the next level is hit. How do you decide when the next level of hedge gets traded? What is h_tp_factor? and what is lot_multi_2_level?

Sorry for being so long winded. An answer to these would be soooooooo much appreciated.

Thanks
Quoting MrOptions
Odd, I have the lot multiplier set to "true" and the multiplier set to 2.0. The increament (which I'm assuming means imcrement) is set to 1.0 but should be overriden by the multiplier being set to "true". I have this running on the GBPUSD on a five minute and I'm level 3. I bought .10, then .20, then .30. Shouldn't that 3rd level have been .40?

Also, two quick questions......can anyone tell me if the "use_sl_and_tp" is set to true, does that override the tp_in_money? And if so, the defaults are 60.0 and 30.0. Are those dollars for the batch?...
I too have these questions, just haven't had time to sit down and test this EA fully, planning on setting up test to optimize over the weekend, (just got a new Quad processor today), so answers to these questions would sure help. Of course I will be sharing my optimization results on this thread. Any help much appreciated.
Shirt protection, what's that? [/quote]

I think he means the equivilant of your global kill switch. It means an emergency stop to close all orders and keep you from "losing your shirt". Probably a Hopwood term.

Has anyone thought about opening on 3 or 4 pairs at the same time, not too closely correlated, of course, and closing all trades at once when there is acceptable profit over loss? You would be accepting a lot of losers too early and leaving some money on the table. But, should be able to get an overall steady profit.

Of course, this would mean managing it rather than the hands off approach.

Just a thought.

Shakey
Quoting MrOptions
And lastly, on the heding portion at the bottom, can someone please tell me what those inputs are for.
Oh, these are the options I created for setting up the hedge.

Quote
I'm assuming that hedge_start means that a hedge will be put on when level 4 is hit.
Yes.

Quote
So if .1, then .2, then .4 are already on, when .8 goes on it will simultaneoulsy trigger a hedge of half the size of the fourth level if that number is set to .5. Is this correct?
Yes, this is correct.

Quote
Then if the lot_multiplier_2 is set to 1.5, it should multiply that hedge amount by 1.5 when the next level is hit.
Actually this is a separate function entirely (requested by Raph19) and has nothing to do with the hedge. Please see this post.

Quote
How do you decide when the next level of hedge gets traded? What is h_tp_factor?
The h_tp_factor is a percentage of the range, that specifies TP value. So, if it is set to 1 (default), it means 100% of whatever you set the range. If you set it to 2, that means 200%, if you set it to 0.5, that's 50%, etc.

Quote
and what is lot_multi_2_level?
This is part of the lot_multiplier_2 function and is the level at which it changes from the initially specified value.
0 traders viewing now