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Success with Martingale & Hedge - Possible?

  • #321
  • Nov 16, 2018 4:09pm Nov 16, 2018 4:09pm
Well thought Kashif, im using something similar to your idea.I am using martignle 1.1X0.02 lots.then I m using another EA to open the counter trades at X distance with TP and SL.
  • #322
  • Nov 16, 2018 4:13pm Nov 16, 2018 4:13pm
Quoting Merka
{quote} Thanks Your strategy is very very risky but is working for you so it's all good. Thanks again
He should try quadroopling it.
"The fun is in the hunt. Not the kill."
  • #323
  • Nov 16, 2018 11:08pm Nov 16, 2018 11:08pm
Quoting T4Trade
Well thought Kashif, im using something similar to your idea.I am using martignle 1.1X0.02 lots.then I m using another EA to open the counter trades at X distance with TP and SL.
great move but have u thought of combining them together in an EA, i can be of help in doing that ?

thanks
  • #324
  • Nov 17, 2018 2:07am Nov 17, 2018 2:07am
Quoting oyaks
{quote} great move but have u thought of combining them together in an EA, i can be of help in doing that ? thanks
I m not a coder,i wish someone can do this.i think Kashif is very near to the completion of bringing up an successful EA.all the best,subscribed!
  • #325
  • Nov 17, 2018 3:21am Nov 17, 2018 3:21am
Quoting T4Trade
{quote} I m not a coder,i wish someone can do this.i think Kashif is very near to the completion of bringing up an successful EA.all the best,subscribed!
i can help you code it if u want and if its very clear

Thanks
  • #326
  • Nov 17, 2018 1:07pm Nov 17, 2018 1:07pm
Quoting Redeflect
{quote} He should try quadroopling it.
you might think im an idiot, and u might be proved to be correct. But i doubled 3 accounts concurrently, if i had done this with one account it would be worth 8 times my initial deposit (octoopled), which would be pretty good im sure you will agree. Only time will tell i suppose
  • #327
  • Nov 17, 2018 1:36pm Nov 17, 2018 1:36pm
Will this EA remember and pick up trades where it left off when i close mt4 and restart the VPS it? thank you
  • #328
  • Nov 17, 2018 10:24pm Nov 17, 2018 10:24pm
Quoting Sedgley
{quote} you might think im an idiot, and u might be proved to be correct. But i doubled 3 accounts concurrently, if i had done this with one account it would be worth 8 times my initial deposit (octoopled), which would be pretty good im sure you will agree. Only time will tell i suppose
That's a mighty heavy "If" that you used there. I can tell you something secret... Nope.
"The fun is in the hunt. Not the kill."
  • #329
  • Nov 18, 2018 5:13am Nov 18, 2018 5:13am
all that can be done manually with martingale can be done in automatic by ea's....
only to write the exact steps.... the current ea gowithflow its very complicated and i still
have to understand how it works..... its a challenge....
  • #330
  • Nov 20, 2018 11:59pm Nov 20, 2018 11:59pm
Quoting Sedgley
Hedges close when they hit TP. I don't use SLs unless I've maxed out the margin.
Here is the issue. What if Hedge trade doesn't hit TP and price retrace? Based on your statement, you take losses only when account is already in danger, otherwise you keep your hedge position open in floating loss?

in this EA, we have option to trail SL for hedge trade (only after hitting TP) but in case TP not hit, we will face real losses

Quoting Sedgley
.i have lost 12 out of 519 trades over 3 demo accounts and a 4 out of 200 on a live account
This is possible in manual trades but you have to do baby sitting for them. I will suggest you, never try EA of your strategy and keep doing this manually because if you started this with EA then you will realize, you have to see -1100 pips and margin call within 2 to 4 months.
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  • #331
  • Nov 21, 2018 12:03am Nov 21, 2018 12:03am
Quoting Ezios
{quote} I applied this mode too: {file}
Thanks Ezios for your modifications. Cheers

Quoting Sedgley
{quote} Yes i always double, never accept a loss Fortunately i havent had a trade go 1000 pips against me,
Unfortunately, it is not possible in real world unless you own a bank.
To mimic big account, we use mini accounts with high leverage and less multipliers to survive for few more months.
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  • #332
  • Nov 21, 2018 12:06am Nov 21, 2018 12:06am
Quoting T4Trade
Well thought Kashif, im using something similar to your idea.I am using martignle 1.1X0.02 lots.then I m using another EA to open the counter trades at X distance with TP and SL.
Since how long you are trying this on real account? can you share your results? thanks

Quoting Redbaron81
Will this EA remember and pick up trades where it left off when i close mt4 and restart the VPS it? thank you
Don't know, never tried this. You can do a testing in demo. Trades have their magic numbers so I guess, it will take care of already opened trades in case magic numbers are same
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  • #333
  • Nov 21, 2018 12:29am Nov 21, 2018 12:29am
Quoting Ezios
all that can be done manually with martingale can be done in automatic by ea's.... only to write the exact steps.... the current ea gowithflow its very complicated and i still have to understand how it works..... its a challenge....
I totally agree with you.
Whatever strategy we can think from our minds, it can be coded into an EA.

I have tested this EA on real mini account and its showing strange behavior. Skipping TP level, Skipping Trades at levels etc. Definitely there are many bugs to be fixed
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  • #334
  • Nov 21, 2018 1:15am Nov 21, 2018 1:15am
im still using this on demo account ,simply im using 1 marti EA and another EA to open the exact same lot size hedge trade,the idea is to combine them and make 1 EA and another idea is to should EA open the hedge trade at the same time or with a distance with tp and sl?
  • #335
  • Nov 21, 2018 4:53am Nov 21, 2018 4:53am
Hi alls.
I read all the post and thanks for your work.

I am also interested by grid + hedging. I am not a coder just a trader.
I try to find a solution at the problem. But just make paper trading.

1 – I think a part of the solution is to grow the equity. Example equity departure 1000 and equity target = equity departure + X$ or %.

2 – I use only one indicator (no repainting) to open the first trade and manage the strategy.
Indicator is the bbands stop.

A picture that explain the strategie.
If you are interested, may be there is a part of our solution.

Attached Image (click to enlarge)
Click to Enlarge Name: strategie buy.png Size: 58 KB
  • #336
  • Nov 21, 2018 8:05am Nov 21, 2018 8:05am
Quoting lenanard
Hi alls. I read all the post and thanks for your work. I am also interested by grid + hedging. I am not a coder just a trader. I try to find a solution at the problem. But just make paper trading. 1 – I think a part of the solution is to grow the equity. Example equity departure 1000 and equity target = equity departure + X$ or %. 2 – I use only one indicator (no repainting) to open the first trade and manage the strategy. Indicator is the bbands stop. A picture that explain the strategie. If you are interested, may be there is a part of our solution....
it sounds like marti plus hedging using band stop indicator,did you try this on 5 min chart? because in 15 min it will last for few days if market is ranging and ranging market kills marti strategy.and if we start with 0.01 lot,we will make little money in a stretch of few days.although the concept is very good,i do support this idea.Thanks for sharing.
  • #337
  • Nov 21, 2018 8:21am Nov 21, 2018 8:21am
Quoting T4Trade
Well thought Kashif, im using something similar to your idea.I am using martignle 1.1X0.02 lots.then I m using another EA to open the counter trades at X distance with TP and SL.
Hi I didn't understood correctly you idea.
Could you please make a little scheme or something similar?
Thanks
  • #338
  • Nov 21, 2018 9:15am Nov 21, 2018 9:15am
Quoting T4Trade
im still using this on demo account ,simply im using 1 marti EA and another EA to open the exact same lot size hedge trade,the idea is to combine them and make 1 EA and another idea is to should EA open the hedge trade at the same time or with a distance with tp and sl?
So you can do the same using GWF. Engine 1 is pure martingale and Engine 2 is to hedge with SL and TP.
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  • #339
  • Nov 21, 2018 9:15am Nov 21, 2018 9:15am
Quoting Merka
{quote} Hi I didn't understood correctly you idea. Could you please make a little scheme or something similar? Thanks
I answered Lenard's post,please study his strategy and then read my post.
  • #340
  • Nov 21, 2018 9:21am Nov 21, 2018 9:21am
Quoting lenanard
part of the solution is to grow the equity. Example equity departure 1000 and equity target = equity departure + X$ or %.{image}
Sorry, i didn't get this. Can you please further elaborate?

Quoting lenanard
I use only one indicator (no repainting) to open the first trade and manage the strategy. Indicator is the bbands stop. {image}
Yes, there are many non-repainting indicators available but for now, I want to keep my EA indicator-free for some reasons. However I will consider these indicators to filter entry/exit in case this EA fails.
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