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Little Martingale EA

  • #441
  • Jul 10, 2017 3:44am Jul 10, 2017 3:44am
Quoting luca1073
let me guess, the thread is dead because the author left...weird because he was always around before.....well it's like any other thread then, let's hope that the EA will stand out on top of the other EAs though Thanks for the EA Joan. btw if your EA busted it's only normal if you re using 28 pairs, cent account or not
Guys, maybe it would not be bad to subscribe to the author - if you expect something from him.
  • #442
  • Jul 10, 2017 3:59am Jul 10, 2017 3:59am
http://www.myfxbook.com/members/Fore...693243/1073263 - check it out, guys. This is the way, how good martingale EA should work. If you want to have more- be ready to risk your capital more...
I am pretty sure that "lite martingale EA" can do same job. It depends on MM only.
  • #443
  • Jul 10, 2017 4:30am Jul 10, 2017 4:30am
Quoting vitall
{quote} I mean "Margin Level". You can see it on your terminal. Or use some indicator to see drawdown. Actualy, it is easy to determine it. I have been trading by EA's with martingale system for years.If your profit 2-5% a month- it's safe trading.
Hi Vitall,

Thanks for sharing your fxbook link. Seeing is believing! Can I know how did the EA perform during Brexit, Flash crash etc..?

Thanks..
  • #444
  • Jul 10, 2017 5:02am Jul 10, 2017 5:02am
Quoting vitall
http://www.myfxbook.com/members/Fore...693243/1073263 - check it out, guys. This is the way, how good martingale EA should work. If you want to have more- be ready to risk your capital more... I am pretty sure that "lite martingale EA" can do same job. It depends on MM only.

Thanks a lot, looking at the stats, it seems a low risk\ relatively medium low reward because it has been going on since 2014. am i right? also it seems to be on 3 pairs (eur usd- gbp usd- aud usd) your leverage is high though but i dont know the strategy behind. is it like joans EA? does it take trades every 50 pips or what? thanks
  • #445
  • Jul 10, 2017 5:03am Jul 10, 2017 5:03am
Quoting StrongOnStab
{quote} Guys, maybe it would not be bad to subscribe to the author - if you expect something from him.

i'm just curious if there are any new opinions from the EA author, since that he shared it here but of course i dont expect anything from him. he has already been kind in sharing it
  • #446
  • Jul 10, 2017 5:27am Jul 10, 2017 5:27am
another thing that i dont want to do is interferring manually on the EA anymore, if possible. Last week there was a huge drop of usd\cad that brought the EA to take a 0.18 lot trade . it was friday night and i was afraid of a gap down on monday so last friday before the market closed , i closed the 0.18 lot trade when i was in a little profit of 10 euros. FYI you need approx 120 euros + on a 0.18 lot trade to close the other bad trades(0.12, 0.08 etc) in profit....now on monday there was a rebound instead of the usd so if i had left the 0.18 lot doing its course i would have already closed most trades in profit but the story is different and interest rate decision is coming too lol, but its still ok.
moral of the story: better not to intervene and trust the EA and have enough money in account. anyway things are going good so far. have 497 euros profit in live account after 2 weeks so the demo test i had done with 1000 euros profit in 1 month seems confirmed on 6 pairs, so far
  • #447
  • Jul 10, 2017 5:50am Jul 10, 2017 5:50am
Quoting luca1073
{quote} Thanks a lot, looking at the stats, it seems a low risk\ relatively medium low reward because it has been going on since 2014. am i right? also it seems to be on 3 pairs (eur usd- gbp usd- aud usd) your leverage is high though but i dont know the strategy behind. is it like joans EA? does it take trades every 50 pips or what? thanks
That is not my monitoring I just found it. The guys sell that EA.
  • #448
  • Jul 10, 2017 7:35am Jul 10, 2017 7:35am
Quoting ajaykarkhane
John pls come back take this EA to next level .lucky your efforts and guidance was also impressed us. You are light for all newbie here.
Hi,
I'll be off until the end of August. The code is open for everybody to modify it.

started 2017/4/17: https://www.fxblue.com/users/joancb/...date=2017/6/19

cheers!
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Attached File(s)
File Type: mq4 UnNomGuai.mq4   13 KB | 936 downloads
  • #449
  • Jul 10, 2017 7:38am Jul 10, 2017 7:38am
Quoting joancb
{quote} Hi, I'll be off until the end of August. The code is open for everybody to modify it. started 2017/4/17: https://www.fxblue.com/users/joancb/...date=2017/6/19 cheers! {file} {image} {image} {image} {image}

Good To know Joan! I\we started thinking you were not interested anymore . nice to see it s not true
  • #450
  • Jul 10, 2017 8:24am Jul 10, 2017 8:24am
Quoting luca1073
{quote} Thanks a lot, looking at the stats, it seems a low risk\ relatively medium low reward because it has been going on since 2014. am i right? also it seems to be on 3 pairs (eur usd- gbp usd- aud usd) your leverage is high though but i dont know the strategy behind. is it like joans EA? does it take trades every 50 pips or what? thanks
If your goal is to make 2-5% a month you shoul be ok for Brexit and other things like that. The thing is: if you make more money your risk to get busted is going up. It is just simple math. One can servive a few "Brexits" and starts to think ""that's the Graal"! And the next market storm blows everything out. I had this situation 8-9 times.
I would suggest to everybody to become the investor, making 2-5%. To make big %% you should be the trader, but it takes time and a lot of efforts.
Everithing I am saying is based on my experience working with EA's. It's about 8-9 years...
  • #451
  • Jul 10, 2017 9:46am Jul 10, 2017 9:46am
Quoting vitall
{quote} If your goal is to make 2-5% a month you shoul be ok for Brexit and other things like that. The thing is: if you make more money your risk to get busted is going up. It is just simple math. One can servive a few "Brexits" and starts to think ""that's the Graal"! And the next market storm blows everything out. I had this situation 8-9 times. I would suggest to everybody to become the investor, making 2-5%. To make big %% you should be the trader, but it takes time and a lot of efforts. Everithing I am saying is based on my experience working...
Thanks for the insight Vitall!
  • #452
  • Jul 10, 2017 9:56pm Jul 10, 2017 9:56pm
http://www.myfxbook.com/members/kelvinyun

I've started the martingale strategy on two real accounts:
a) **FBS Low Risk : target 5% to 15% return per month. Drawdown expected is 30% - 40% max.
b) FBS Normal Risk: target 15% to 25% return per month. Drawdown expected is 20% - 30% max.


**I did not test fully / configure properly the EA prior to using it on the first account "FBS Low Risk" , so , so i closed all position, took some loses, and restart anew.

Starting cap is USD1,000 - FBS gave a bonus of 100%, USD1,000 withdraw-able provided that 300 hundred lots is traded lol.

Let's see how it goes.
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  • #453
  • Jul 11, 2017 12:27am Jul 11, 2017 12:27am
it's good (as kelvinyun did) to share our tests (live or demo) with The Little Martingale EA and so i will do it too at least for now, then if i will disable it it will not be a good sign lol, but for now here it is. 506 Euros profit since june 26. initially the test started with a 2495 euro balance , then 1000 euros more were added out of "security"....

this is my fxbook link. equity is still barely above initial balance but the first week was very trendy so it didn't start so well but its like that. profits so far mirror the test in demo on 6 pairs (1000 euros in one month) Global prime broker, 100:1 leverage

https://www.myfxbook.com/members/luc...975888/2173946
  • #454
  • Jul 11, 2017 3:39am Jul 11, 2017 3:39am
Quoting kelvinyun
http://www.myfxbook.com/members/kelvinyun I've started the martingale strategy on two real accounts: a) **FBS Low Risk : target 5% to 15% return per month. Drawdown expected is 30% - 40% max. b) FBS Normal Risk: target 15% to 25% return per month. Drawdown expected is 20% - 30% max. **I did not test fully / configure properly the EA prior to using it on the first account "FBS Low Risk" , so , so i closed all position, took some loses, and restart anew. Starting cap is USD1,000 - FBS gave a bonus of 100%, USD1,000 withdraw-able provided...
Leverage 1:500 seems ok but is that with a standard account? The ECN accounts (1:500) have a minimum lot size of 0.1 so that's a no go. The real conditions with FBS are "hidden" in the "personal area" - after you register of course...
  • #455
  • Jul 11, 2017 4:24am Jul 11, 2017 4:24am
Quoting Go5
{quote} Leverage 1:500 seems ok but is that with a standard account? The ECN accounts (1:500) have a minimum lot size of 0.1 so that's a no go. The real conditions with FBS are "hidden" in the "personal area" - after you register of course...

maybe with FBS only? in general it s not true that ECN accounts have only minimum 0.1 lots. ECN accounts also allow 0.01 like in my case and mine is a real pure ECN, they even provide receipts (if asked) of the orders they send directly to the market
Global Prime broker , top stars on forex peace army
  • #456
  • Jul 11, 2017 4:43am Jul 11, 2017 4:43am
Quoting luca1073
{quote} maybe with FBS only? in general it s not true that ECN accounts have only minimum 0.1 lots. ECN accounts also allow 0.01 like in my case and mine is a real pure ECN, they even provide receipts (if asked) of the orders they send directly to the market Global Prime broker , top stars on forex peace army
Well, that's what they state on their page (ECN & Unlimited accs.)
I have an account with GP also but only 1:100 is very close to the Damocles area here...
  • #457
  • Jul 11, 2017 4:51am Jul 11, 2017 4:51am
Quoting Go5
{quote} Well, that's what they state on their page (ECN & Unlimited accs.) I have an account with GP also but only 1:100 is very close to the Damocles area here...
you re saying that 1:500 is better than 1:100? well 1:500 can be definitely riskier , no?
  • #458
  • Jul 11, 2017 5:02am Jul 11, 2017 5:02am
Quoting luca1073
{quote} you re saying that 1:500 is better than 1:100? well 1:500 can be definitely riskier , no?
1:500- is a minimal leverage to trade martingale. In case of 1:100 the margin will eat the balance and the EA will not be able to open new orders. So, you can not trade with any broker if going to use martingale strategy.
  • #459
  • Jul 11, 2017 5:09am Jul 11, 2017 5:09am
Quoting luca1073
{quote} you re saying that 1:500 is better than 1:100? well 1:500 can be definitely riskier , no?
Wouldn't that depend on how you use it? Starting with the smallest lotsize you have a better chance to survive with 1:500. Although many brokers have different margin requirements along different pairs (certainly metals) so one has to choose carefully....
  • #460
  • Jul 11, 2017 5:31am Jul 11, 2017 5:31am
i found this phrase about a martingale discussion on forex factory. its actually not bad as a statement

"To summarize: if you martingale each...20 pip you get more money but the chance of death trade is high.... If you martingale each 100 pip the chance of death trade is almost never going to happen but the waiting time will destroy your mentality."


well Joan's EA at least starts with 50 pip space in default settings of the first version so its something in the middle. yes the space between orders is very important
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