The whole strategy is dangerous itself. There will be a margin call sooner or later, that's for sure.
Regards - Xaron
Regards - Xaron
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DislikedI've stopped the EA yesterday and made a stupid mistake by closing a sequence. Did cost me 50€.
This month was another good one. I've attached my statement.
Regards - XaronIgnored
DislikedThe whole strategy is dangerous itself. There will be a margin call sooner or later, that's for sure.
Regards - XaronIgnored
DislikedIs that the live account you're trading? With that kind of profit you will gain your 3000 in no time and then everything will run in profit, so you can get your margin call. I'll try it for several months on demo and if it shows that I recover my original amount in several months then I'll just go liveIgnored
DislikedI've stopped the EA yesterday and made a stupid mistake by closing a sequence. Did cost me 50€.
This month was another good one. I've attached my statement.
Regards - XaronIgnored
DislikedI think that it has to reverse when it's in loss and double the counts?.. WHy would it keep on opening when in loss?... Maybe creator of EA could shed some light? Has that happened to anybody else?Ignored
DislikedThis is the basis of any martingale, keep on the same way until market retrace.
That's why you need an initial lot size small, and reasonable FactorLot (1.5 to 2.1).
RamaIgnored
DislikedDid you or Xaron get margin call as well? I am using Xaron's templates...Ignored
DislikedXaron templates are good enough, because they use small initial lot size. Running on several pairs increase profits.
About MC, i posted my real statement on 03/18/08. It occurred because I set an initial lot size of 0.03 on GPBUSD on a 1.3k balance account. And simultaneously there was another martingale opened on USDJPY.
TradeCriticQtty parameter born from this MC. So it is a very important tool to keep you on the road.
Look for that post. I don't know remember wich is it number. Search by date= March 18 on the forum.
If i had closed the martingale on USDJPY with 2 orders opened at breakeven,
there would have been enough margin to resist until GBPUSD retrace, 30 minutes later MC.
That was a lesson.
RamaIgnored
DislikedSo you didn't get margin call yesterday when it started selling USDGBP? Strange... I wonder if Xaron got it... I'll see if TradeCriticQtty is enabled in his templatesIgnored
DislikedI didn't use the EA yesterday because I stop it on days where very important news come up like FED interest rate decisions.
I've started it right now.
I use a initial lot size of 0.01 in a 3,000€ account, that should be safe.
Regards - XaronIgnored