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Little Martingale EA

  • #461
  • Jul 11, 2017 6:02am Jul 11, 2017 6:02am
Do not risk your money, guys. It is not that easy to trade martingale. Learn it first- it takes time and efforts.
Start with demo or 100% bonus- it's the best.
  • #462
  • Jul 11, 2017 3:31pm Jul 11, 2017 3:31pm
See picture: Would it be wise to enter after 4th position (ex. 0.08) plus 0.04 buy. Then after (0.12) plus 0.06 buy. Then after (0.18) plus 0.09 buy etc.
Does someone like to program it?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF_20170711.jpg Size: 70 KB
  • #463
  • Jul 11, 2017 5:29pm Jul 11, 2017 5:29pm
Also i just noticed that the EA took a 0.18 trade on eur/usd 50 pips in advance or so it seems to me....also i cant find the first smallest trade of the sequence on eur/usd in the list of the opened ongoing trades. I dont know if thats related to the fact that the EA took a trade 50 pips in advance.....
  • #464
  • Jul 12, 2017 6:14am Jul 12, 2017 6:14am
Very interesting and lightweight EA that trades both directions. Thank you Joancb!!!
However, we should be careful with so many compilation warnings.
It would be nice to have a good soul here, who would adapt this EA to the new 1000+ build.
Attached Image (click to enlarge)
Click to Enlarge Name: warnings.png Size: 26 KB
  • #465
  • Jul 12, 2017 10:54am Jul 12, 2017 10:54am
so i found out that if you close let's say a 0.18 trade in advance the EA will wait another 100 pips (if in settings next order is 1000 pipettes) to take another 0.\18 trade. it will not skip to a 0.27 trade. these are mistakes that you don't do when its demo because you dont care. so definitely if you use this in live account beware not to close (if possible) trades beforehand. today EA profited very well until a hour ago and so was equity, problem is the usd\cad that is dragging thngs down now so far. RSI now on USD\CAD on the daily chart is 18 , simply crazy how CAD is appreciating fast, so far
  • #466
  • Edited 11:11pm Jul 12, 2017 8:37pm | Edited 11:11pm
unfortunately had to restart the live test due to my mistakes, so myfxbook link is temporarily disabled. its ok. EA seems good but it has to be dealt with well.

will try to enable notifications by email or through push ( i guess there is) to warn me if margin goes below 200 - 250 % or so so that i don't go there to check all the time because that could damage the performance if i act on it too soon
  • #467
  • Jul 13, 2017 2:43am Jul 13, 2017 2:43am
this is the tool i found to notify you of low margin and warn you by message

just put it on any chart or on another blank chart next to your EA (that's what i did)

indicator will not appear on chart but in settings (the only one) you have to put the margin that you want to be warned about(default is 300 %), when it goes below that number it will send you a message on your mobile\mt4 app


Little Martingale EA is up and running again. Never give up lol, it cashed 29 euros already this morning

sorry for the mess with myfxbook account. now its available again online ,calculating data from today. test from june 26 is unfortunately invalid due to my mistakes ( that i will not do anymore)

https://www.myfxbook.com/members/luc...975888/2173946
Attached File(s)
File Type: mq4 NotifyOnLowMargin.mq4   2 KB | 457 downloads
  • #468
  • Jul 13, 2017 6:07pm Jul 13, 2017 6:07pm
Just ran with default settings on live account on USDJPY and CHFJPY.

I didn't set a profit setting yet. How does it work ? Can't find it.
  • #469
  • Jul 13, 2017 6:53pm Jul 13, 2017 6:53pm
Quoting Lendario
Best pair to work with this EA CHFJPY

Why you say that? Did you backtest it, is it a pair that ranged or what else?
thanks
  • #470
  • Jul 13, 2017 6:57pm Jul 13, 2017 6:57pm
Quoting Pixel
Just ran with default settings on live account on USDJPY and CHFJPY. I didn't set a profit setting yet. How does it work ? Can't find it.
whoch version of EA did you use? The profit setting in default in my v1.4 is 5 and refers to one pair profit in the basket. Be careful that if you re using v11 or v12 the default settings for space between orders is 100 pipettes that in my opinion in a little bit of trending market is purely suicidal unless you have a big account (maybe 20000 $ + for 6 pairs). These are all guesses since that i ve been testing this EA for only 1 month and half but still i start having an idea
  • #471
  • Jul 13, 2017 8:43pm Jul 13, 2017 8:43pm
backtesting with any JPY pairs crashed the account.

That's the reason I closed ALL POSITIONS and started anew for my first "Low Risk" account.

I did not test beforehand... and within two days, the negative equity due to JPY pairs was so high that i gotten shocked and quickly do a backtest.
  • #472
  • Jul 16, 2017 8:09am Jul 16, 2017 8:09am
Quoting luca1073
{quote} Why you say that? Did you backtest it, is it a pair that ranged or what else? thanks
It looks like he can not answer. "Someone" shot him.
  • #473
  • Jul 16, 2017 3:49pm Jul 16, 2017 3:49pm
Quoting kelvinyun
backtesting with any JPY pairs crashed the account. That's the reason I closed ALL POSITIONS and started anew for my first "Low Risk" account. I did not test beforehand... and within two days, the negative equity due to JPY pairs was so high that i gotten shocked and quickly do a backtest.
You should never trade JPY pairs with Martingail as JPY pairs are seen as runners and can run a couple of 100 pips.
  • #474
  • Jul 17, 2017 9:10am Jul 17, 2017 9:10am
Quoting Lucky123
{quote} You should never trade JPY pairs with Martingail as JPY pairs are seen as runners and can run a couple of 100 pips.
Actually a couple of hundred pops with space 50 pips between orders is not so bad but the problem is that any pair can trend: look at CAD pairs these days. Look at the aus/usd these days. No pair is immune
  • #475
  • Jul 18, 2017 3:20am Jul 18, 2017 3:20am
Unfortunately Found a bug with version 1.4 . In two three currency pairs the EA took identical trades (0.03 and 0.05) Always buy or sells(identical respecting the martingale sequence) at little in distance in pips and time from one another. This is not good because it accumulates unnecessary drawdown .and it could prevent a higher lot to close once the pullback is ongoing. It has to be monitored in case and the excess trade closed manually.also it could be closed manually when a bit in profit or a bit in loss..... This could (i say could) bring trouble
  • #476
  • Jul 20, 2017 2:48am Jul 20, 2017 2:48am
i will go on posting more or less alone here lol because i think it s worth it.

another forum member here (zakgr i think) said that to trade this EA with a standard account (1:100 leverage) we need 1000 $ \ currency pair traded. well i think his statement is not that far from reality. drawdown can get pretty pretty big and lets say you have 6 pairs.

a move of 300 -400 pips if you use settings space 50 between trades and from trade 5 to trade 6 (0.18 lots +)you use 100 pips will set you back around 700 euros or more\pair. of course you must be very unlucky to have 6 pairs trending continuously but it can happen and one can trend even more and give you problems with margin. aud\usd had a huge move these last two weeks that seriously scared me. luckily jobs report was not so good and aud went down. if you have 1000 $ \pair you are surely assured to feel less choked lol. this is a style of trading not for everybody and you realize it when you trade it live. i still think it s worth it for the risk\reward ratio but it has to be monitored and you have to know it is indeed risky . MM is important and definitely you dont want trades more than 0.27 lots thats crazy.....Good luck everybody
  • #477
  • Jul 20, 2017 2:53am Jul 20, 2017 2:53am
I agree Lucas, as a general rule of a working martingale strategy, the most crucial part will be the Money management, and 1000 usd per pair is the least you need for running live. non black Swan event effect expected. If you put 1000 on GBp most probably you won't get thru Brexit. Keep an eye on major event and prepare enaugh bullet to tank normal news, withdraw constantly to reduce risk, eventually every mart blows.
  • #478
  • Jul 20, 2017 2:56am Jul 20, 2017 2:56am
Quoting luca1073
i will go on posting more or less alone here lol because i think it s worth it. another forum member here (zakgr i think) said that to trade this EA with a standard account (1:100 leverage) we need 1000 $ \ currency pair traded. well i think his statement is not that far from reality. drawdown can get pretty pretty big and lets say you have 6 pairs. a move of 300 -400 pips if you use settings space 50 between trades and from trade 5 to trade 6 (0.18 lots +)you use 100 pips will set you back around 700 euros or more\pair. of course you must be very...
Hi luca,

though You are posting almost alone - You are not alone here! I do follow this and Your postings. I'm just busy on two other EAs atm. I will get back to this and also post here.
Just go on buddy!

Cheers
Barlam
  • #479
  • Jul 20, 2017 4:46am Jul 20, 2017 4:46am
Quoting luca1073
i will go on posting more or less alone here lol because i think it s worth it. another forum member here (zakgr i think) said that to trade this EA with a standard account (1:100 leverage) we need 1000 $ \ currency pair traded. well i think his statement is not that far from reality. drawdown can get pretty pretty big and lets say you have 6 pairs. a move of 300 -400 pips if you use settings space 50 between trades and from trade 5 to trade 6 (0.18 lots +)you use 100 pips will set you back around 700 euros or more\pair. of course you must be very...
Sir you are not alone I am also with you.
  • #480
  • Jul 20, 2017 4:46am Jul 20, 2017 4:46am
Quoting Barlam
{quote} Hi luca, though You are posting almost alone - You are not alone here! I do follow this and Your postings. I'm just busy on two other EAs atm. I will get back to this and also post here. Just go on buddy! Cheers Barlam
Good to know Barlam!! Thanks a lot! Luca
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