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Little Martingale EA

  • #501
  • Jul 27, 2017 5:30pm Jul 27, 2017 5:30pm
Amd about the bugs zagkr i found
many but im happy if you didnt experince any, lets hope it continues like that
  • #502
  • Jul 28, 2017 12:52pm Jul 28, 2017 12:52pm
Quoting luca1073
{quote} no i meant Pips. I meant "500 pips until today" (yesterday) not in one day of course (even if that can happen). The movement withoit a decnt retracement started at 0.75800 and went up to 0.806 approx (that should be 480 pips )
I saw the movemet you say. It is a trend for 3-4 days. Though after this there are some retracments for about 30 or 50 pips
Thats why I use the 2.5 multiplier.
With 2.5 multiplier i need a retracment of about 25-30 pips and trades close.
Think about it. With defaults settings you need more than 50pips

You can backtest my settings

Also a tip that i have written it again. When you see a pair trending say the ea to suspend the tades. Wait the trend to calm and then start over.
  • #503
  • Jul 28, 2017 4:27pm Jul 28, 2017 4:27pm
Quoting zakgr
{quote} I saw the movemet you say. It is a trend for 3-4 days. Though after this there are some retracments for about 30 or 50 pips Thats why I use the 2.5 multiplier. With 2.5 multiplier i need a retracment of about 25-30 pips and trades close. Think about it. With defaults settings you need more than 50pips You can backtest my settings Also a tip that i have written it again. When you see a pair trending say the ea to suspend the tades. Wait the trend to calm and then start over.
I agree that with default settings you need more than 30 pips, often 60_ 70 or i guess even more if you arrived for example at a 0,18 lot wih space at 1000 pipettes...still i find that multiplier 2.5 feels too risky for my tastes but again its just a feeling , i may be wrong

The trend on aud/ usd is more than 3_4 days, it has been weeks, also when these bad trades accumulate often even the negative swap fees accumulate . this gives credit to your 2.5 multiplier idea...

Thanks for the tips
  • #504
  • Jul 28, 2017 9:32pm Jul 28, 2017 9:32pm
Since July 13 (start of the live test, 16 days ago) 858 euros were done(profit) but due to the big drawdown on aud usd equity is well below initial balance , but i have to say this varies greatly during the day, gets much better sometimes or even worse. luckily there were no extra trades or bugs until now on this particular sequence of trades on the aud usd so the drawdown on these trades is just due to the settings and the behaviour of the market....
EA is actually cashing in more in live trading than when i did the test on demo but just because in that month when i did a demo test(initial balance was only 1200 euros and final profit 1000 euros and 800 euros above initial balance, amazing no?) there was probably not a huge trend going on, which is weird because there were interest rates decsions and lots of news etc. and that is why everything seemed positive to me
its always like that when you start live tests the action begins lol. anyway the fact that is profiting much faster is helping at least to counteract the drawdown. it basically did almost if not exactly double of the money for the amount of time of the demo test. the demo test, default settings, 6 pairs, did 1000 euros in 30 days. this so far did 858 euros in 16 calendar days. more to test, more to discuss for sure
  • #505
  • Aug 1, 2017 1:50am Aug 1, 2017 1:50am
have you seen the huge move up on eur\chf? the so called "ranging pair" ? well definitely not ranging these days. gained 400 pips in the last 5 days non stop plus another 200 in th previous week\s. RSI is almost at 88 on the daily chart and 86 on W1 lol. this tells you there is no real "safe" pair to trade lol if you expect for a reversal. im not trading this pair though
  • #506
  • Aug 1, 2017 6:56am Aug 1, 2017 6:56am
exactly luca1073. there is no real ranging pair and so all martingales will have same fate! that huge movement in chf/jpy last weak (bigger than 340 pips!) could blow up a very big account and the main fact to notice is that there where no red news on this pair!!
  • #507
  • Edited 5:59am Aug 3, 2017 4:21am | Edited 5:59am
i have 2 questions. i hope the author or someone else here can answer:

1) Can the performance\ slowness of a certain Vps affect the performance of Little Martingale EA (the bug or other issue)?

2) What happens if during the weekend (when markets are closed) i close all the charts on one Vps and platform (also reason it is expiring at the end of august) and re-sign in on another platform \ faster \better Vps with the same broker account? i know the trades will still be there but my question is : will The EA recognize & take into consideration those old trades when taking new ones and respect the grid or start again with new fresh trades messing up the whole thing ?Lol ....well maybe the EA will recognize them from the codes those old trades (and act accordingly\respect the martingale sequence)but I WANT TO BE SURE...after all it s a Live account

i hope someone can answer, Thanks!
  • #508
  • Aug 3, 2017 10:16am Aug 3, 2017 10:16am
Quoting luca1073
i have 2 questions. i hope the author or someone else here can answer: 1) Can the performance\ slowness of a certain Vps affect the performance of Little Martingale EA (the bug or other issue)? 2) What happens if during the weekend (when markets are closed) i close all the charts on one Vps and platform (also reason it is expiring at the end of august) and re-sign in on another platform \ faster \better Vps with the same broker account? i know the trades will still be there but my question is : will The EA recognize & take into consideration those...
1- the slowness is ok. It should not affect working EA.
2- nobody can answer for sure, even the author. Theoreticaly the EA has to recognize the orders if they have same Magic number. But I had problems with that a few times. Check it on demo first- the best way!
  • #509
  • Aug 3, 2017 10:29am Aug 3, 2017 10:29am
Quoting vitall
{quote} 1- the slowness is ok. It should not affect working EA. 2- nobody can answer for sure, even the author. Theoreticaly the EA has to recognize the orders if they have same Magic number. But I had problems with that a few times. Check it on demo first- the best way!
Thanks a lot Vitall for the tips and the help!
  • #510
  • Aug 8, 2017 7:11am Aug 8, 2017 7:11am
Quoting luca1073
i have 2 questions. i hope the author or someone else here can answer: 1) Can the performance\ slowness of a certain Vps affect the performance of Little Martingale EA (the bug or other issue)? 2) What happens if during the weekend (when markets are closed) i close all the charts on one Vps and platform (also reason it is expiring at the end of august) and re-sign in on another platform \ faster \better Vps with the same broker account? i know the trades will still be there but my question is : will The EA recognize & take into consideration those...
This EA reads Global Variables and It's hard to say how it will work when you open old trades on a new platform - but with an empty GV folder.
I would rather manually close all positive and 0€ trades.
  • #511
  • Aug 8, 2017 7:16am Aug 8, 2017 7:16am
Quoting StrongOnStab
{quote} This EA reads Global Variables and It's hard to say how it will work when you open old trades on a new platform - but with an empty GV folder. I would rather manually close all positive and 0 trades.

Thanks for your opinion
  • #512
  • Aug 8, 2017 8:28pm Aug 8, 2017 8:28pm
BTW i've stopped the martingale EA.

For the risk is too great. I would have busted another two more accounts based on the current price action of several pairs had I not stopped it.
  • #513
  • Edited 3:37am Aug 9, 2017 2:50am | Edited 3:37am
Quoting kelvinyun
BTW i've stopped the martingale EA. For the risk is too great. I would have busted another two more accounts based on the current price action of several pairs had I not stopped it.

Take two tests for example: my live test and demo test both with 6 pairs and similar starting balance (demo had a bit more money) . I put demo on a better vps, yes i know it sounds weird but i discovered google vps theee days after starting the live teet and i discovered it was good only after a week or two. Lets go back to the two tests...
one started july 13 with 3496 euros. At the moment of writing it has 4720 balance and 3120 in equity so a lot of floating trades but margin is still "ok".... Now let's go to the demo test started a few days later on a faster vps, where there was no intervention from my side and when there was a bit of luck because aud usd started trending a few days earlier and i didnt see much trouble with bugs or other stuff (at least i didn't notice) . Well the demo test started on 5300 euros last night when i chacked had 940 euros in profits , only - 350 euros in open trades and 1200 % margin. What does this tell you? That
i probably made my live test riskier by intervening manually and adding to bug mistakes and then the slow Vps might have had its toll. Profit is still similar for similar amount of days but floating loss is greater. I still like Little martingale EA. You can check on it by clicking on the link in myfxbook will share it later again in case people here don't have it, thanks

EDIT: this is myfxbook link of my live test:

https://www.myfxbook.com/members/luc...975888/2173946


and this below is my demo test on a faster, newer vps as i explained above started a few days later. as i said i never intervened on this one. but tests were not started at the same time so different market conditions have also applied

https://www.myfxbook.com/members/luc...086501/2205656
  • #514
  • Aug 9, 2017 2:59am Aug 9, 2017 2:59am
Quoting luca1073
{quote} Take two tests for example: my live test and demo test both with 6 pairs and similar starting balance (demo had a bit more money) . I put demo on a better vps, yes i know it sounds weird but i discovered google vps theee days after starting the live teet and i discovered it was good only after a week or two. Lets go back to the two tests one started july 13 with 3496 euros. At the moment of writing it has 4720 balance and 3120 in equity so a lot of floating trades but margin is still "ok".... Now lets go to the demo test started a few days...
The primary difference between a demo account and a live account, something which people never seem to take into consideration, is that its a simulation, there is no other party waiting to take your trade, you will always receive instant execution on your trades, no matter what (demo server issues aside).

A live account may not, and when getting into higher position sizes most probably will not, have the same execution speed, and depending on your broker and how they process trades (STP or market maker etc) could make all the difference in the world.
Life is like a snickers, its full of nuts!
  • #515
  • Aug 9, 2017 3:30am Aug 9, 2017 3:30am
Quoting firewight
{quote} The primary difference between a demo account and a live account, something which people never seem to take into consideration, is that its a simulation, there is no other party waiting to take your trade, you will always receive instant execution on your trades, no matter what (demo server issues aside). A live account may not, and when getting into higher position sizes most probably will not, have the same execution speed, and depending on your broker and how they process trades (STP or market maker etc) could make all the difference...

mine luckily is a good broker, pure ECN , global prime, they really send your trades to the market and even provide receipts if asked. i compared demo and live account in the past and it was the same but as you say issues may always happen maybe with slippage or else, thanks
  • #516
  • Aug 9, 2017 3:38am Aug 9, 2017 3:38am
i put the myfxbook links in my earlier post, thanks
  • #517
  • Aug 9, 2017 5:06am Aug 9, 2017 5:06am
also something else worth of a note is the equity curve in relation to its initial amount.

min equity during the live test was - 23 % from the original initial equity
now it stands at - 11 % approx. this varies constantly of course but - 23 % was so far the lowest i ve seen.

the drawdown is something else and it refers to the actual balance. that in the live test was big, unfortunately - 44 %, now its less ( - 35 %)

now EA is profiting an average of + 1 % approx per day (growth in balance)

big risk in this kind of EA is the likelyhood of a margin call in case account is not funded properly. now for example margin is at 300 % approx. i ve seen it go down to 200 %. in case of margin call (and stop out as a result --that is at 100 % with my broker--margin warning call is at 125 % ) broker will close the biggest negative positions and that would basically destroy your profits and\or your capital. thats why margin is actually the most important thing to be monitored

a way to avoid impending margin call is to add more funds in the account or try to close beforehand some big lot positions (even if positive). that will likely reduce the risk of a margin call\stop
  • #518
  • Aug 9, 2017 5:14am Aug 9, 2017 5:14am
I'm also running this on a live cent which have $60 ~ 6000USDC, can i know your withdrawal method.
ex- do you withdraw profit after % gain or daily or after 100%. Thanks for this EA
Failure is not failure if you learn from it...
  • #519
  • Aug 9, 2017 5:17am Aug 9, 2017 5:17am
Quoting suneth2
I'm also running this on a live cent which have $60 ~ 6000USDC, can i know your withdrawal method. ex- do you withdraw profit after % gain or daily or after 100%. Thanks for this EA

i don't know if you're talking to me (maybe not) . i would withdraw profits every 1000 $ profit (maybe ) but only if ABOVE initial equity
  • #520
  • Aug 9, 2017 11:06am Aug 9, 2017 11:06am
Quoting luca1073
{quote} i don't know if you're talking to me (maybe not) . i would withdraw profits every 1000 $ profit (maybe ) but only if ABOVE initial equity
Thanks mate, do you use version 1.4 and can you please share set file when you got free time
Failure is not failure if you learn from it...
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