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Little Martingale EA

  • #561
  • Edited 8:27pm Aug 31, 2017 4:47pm | Edited 8:27pm
Well it has been a rollercoaster but it has been building balance (over 1800 euros in 1 month and a half ) and now i checked and equity is only - 80 euros from initial deposit. We ll see how it goes , but drawdown has reduced of over 1000 in the last 24 hs lol and whats important many bad trades have beem closed but still there
are many bad ones that will need to be
closed. While if i look at the demo test
im certainly jealous but i have faith the live
test will catch up eventually eheh.. We ll see


margin is now at 370% which for 6 pairs
and this kind of balance is not bad. When i
see margin go below 200% is not a good
sign. So far the minimum i have seen was
180% . At 125% with my broker it will stop
taking new trades (i think) and at 100% the
most negative positions will be closed until
margin goes back over 100% again. When
that happens usually a small big disaster
happens

also another thing has to be taken into account and thats the swap
fees. On some
trades negative swap fees especially on bigger lots go up quickly. Those with positive swaps increase less fast. After weeks have passed you can have quite high swap fees accumulating in debts and when trades are closed by the EA often they re not calculated by the EA sp cluster of trades emd up at loss but at the end for not so much. Its always better to close old bad trades
  • #562
  • Aug 31, 2017 8:11pm Aug 31, 2017 8:11pm
Now im curious to know how many people like me are live with this EA and how it is going. Dont be shy and say it here lol
  • #563
  • Aug 31, 2017 10:09pm Aug 31, 2017 10:09pm
My logic say to take 5$ to10$ daily profit, i need to keep DD balance up to 1000$ which is safe and don't multiple using 1.5 instead multiple with 1.25. And stop the trade when News happen wait for retrace or if it reach 100 pips per day
  • #564
  • Edited 11:11pm Aug 31, 2017 10:28pm | Edited 11:11pm
Quoting comeback2000
My logic say to take 5$ to10$ daily profit, i need to keep DD balance up to 1000$ which is safe and don't multiple using 1.5 instead multiple with 1.25. And stop the trade when News happen wait for retrace or if it reach 100 pips per day
i dont know multiplier 1.25 is not going to change much for the first lots . 100 pips retracement is a lot IMO dont expect it to happen so often . These days with aud/usd it has retraced but hardly below 0.79 , creating a big stall in open trades that at that level are taken every 100 pips with default settings and up to order 5 if it retraces 70 pips you close all trades but if you get to order n.6 you will have to wait for a bigger retracement. Thats what i noticed. Stopping for news? Not sure. Maybe if your
margin is suffering yes disable if there are big news but that may not save you. Anyway try using what you said and see if you get good results. Its a long time thing. I
went live after 1 month of demo testing with this. One good thing that the version im using doesnt have is the open on new candle feature so you put 1 hr chart and you avoid taking trades when there are sudden senseless movements
  • #565
  • Aug 31, 2017 10:36pm Aug 31, 2017 10:36pm
Yes open on new candle is the best option to set, it will help to stop the EA if any news hit in middle of candle. Lastweek in one candle more then 50 pips move EURUSD.

Are you doing one aud/usd what is max pip moved for last three moth.

I am looking for daily,weekly, pips moved on all currency in one chart any one know any indicator please let know
  • #566
  • Aug 31, 2017 11:17pm Aug 31, 2017 11:17pm
Quoting comeback2000
Yes open on new candle is the best option to set, it will help to stop the EA if any news hit in middle of candle. Lastweek in one candle more then 50 pips move EURUSD. Are you doing one aud/usd what is max pip moved for last three moth. I am looking for daily,weekly, pips moved on all currency in one chart any one know any indicator please let know
Aud usd\ moved a lot the days that i started the live test lol.....creating a drawdown from the start. it moved a lot . in a few days something like almost 500 pips.....im still struggling to close those old bad trades having made some mistakes at the start. yesterday i managed to close 2 out of 6 at breakeven (no loss) but thats not related to the EA but still. these day with trump tweeting even if he feels like going to the toilet and the korean nutjob you should expect any currency to behave in a sudden , "painful" & weird way and for almost no reason. well actually reasons are there....
  • #567
  • Sep 1, 2017 3:01am Sep 1, 2017 3:01am
Sorry my laptop has some technical problem will get that back next week
  • #568
  • Edited 9:14am Sep 1, 2017 8:38am | Edited 9:14am
I just saw it:

my equity just a few minutes ago was 100 euros above initial equity ahaha, thats good and what also good is that balance is about 1912 euros up while i write . But margin is always an issue in general (still ok for me now) . If you screw up with margin you can lose all your profit in a second
  • #569
  • Sep 2, 2017 7:49pm Sep 2, 2017 7:49pm
hello,

i try this version with open new candle on demo, it seen no prob when you close mt4 and start it again, it will remember last opened trade

it post by joan b4 if no wrong

1st 5 distance 100 after 6th 500 7th 1000 after all 2500
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
Attached File(s)
File Type: ex4 UnNomGuai.ex4   20 KB | 376 downloads
File Type: txt UnNomGuaiset.txt   < 1 KB | 395 downloads
  • #570
  • Edited 9:27pm Sep 2, 2017 8:38pm | Edited 9:27pm
Quoting yanerfei
hello, i try this version with open new candle on demo, it seen no prob when you close mt4 and start it again, it will remember last opened trade it post by joan b4 if no wrong 1st 5 distance 100 after 6th 500 7th 1000 after all 2500 {file} {image} {file}
Im wary of changing version dont know what would happen but thanks
btw distance 10 pips for the first 5 orders is
CRAAAAZY ahaha . I had tried these settings on demo and it blew up after 1 week. I would never do 10 pips orders , i think its simply suicidal, i dont know what other people think about it
  • #571
  • Sep 3, 2017 7:20am Sep 3, 2017 7:20am
Quoting luca1073
{quote} Im wary of changing version dont know what would happen but thanks btw distance 10 pips for the first 5 orders is CRAAAAZY ahaha . I had tried these settings on demo and it blew up after 1 week. I would never do 10 pips orders , i think its simply suicidal, i dont know what other people think about it
the set is test on 19th Jul till now multiplier 1 & open new candle true H4 time frame

attached open & close order
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #572
  • Sep 3, 2017 8:54am Sep 3, 2017 8:54am
Quoting yanerfei
{quote} the set is test on 19th Jul till now multiplier 1 & open new candle true H4 time frame attached open & close order {image}

Thanks, i noticed you re using gbp/jpy that "won the prize" a couple of years ago for being the most trendy pairs of the year... Not that any pair is safe though but still
  • #573
  • Sep 5, 2017 8:58am Sep 5, 2017 8:58am
Can you please explain the EA settings for small accounts like $1000 and $2000
  • #574
  • Sep 6, 2017 6:07am Sep 6, 2017 6:07am
Quoting Ramana
Can you please explain the EA settings for small accounts like $1000 and $2000
maybe with 2000 $ (1000 $ seems too small maybe) i would use 3 pairs(usd\chf, eur\usd and usd\cad) and default settings but not with 100 pipettes between first 5 orders, i would use 500 pipettes. check earlier posts for version im using and explanation
  • #575
  • Edited 9:40am Sep 6, 2017 9:04am | Edited 9:40am
I sincerely think this EA rocks.....

look at my fxbook page again and especially look at the demo test where i didnt intervene, pure profits. the other one(real account) has equity struggling to go above , but still very healthy so far. i could stop the live test now but i dont want to burn 2100 euros profit volunarily(even at no loss) so i will let it run.
if situation goes close to zero open trades maybe i would stop the test and start it right away on version that has open trade on new candle and put 30 m tf or 1 hr
i would also never touch it , unless it takes double trades (that i would try to close right away)

only issue i see with this EA that can blow your account?:

1) FLASH CRASH if you have big trades lots open and a currency has a sudden drop due to crazy algorithm trading or war situation or brexit type of stuff

2) NOT ENOUGH BALANCE and you get MARGIN CALL & STOP OUT

other than that this EA can seriously make you money in every month. i ve tried tons of EA , this simple one is so far my favorite

ANy comment?

edit: well just now while i was writing i lost 300 euros in equity due to bad US data(or CAD announcement).....but it happens often. 5 minutes ago my equity was above intial one

usd \cad lost 200 pips in 1 minute...wow
  • #576
  • Sep 11, 2017 12:58pm Sep 11, 2017 12:58pm
i will stop posting here because it seems like im talking by myself lol

just to say that there was a huge Drawdown with the market last week and had to disable the EA to avoid "bankruptcy". if i hadn't done a mess with the trades manually this (at least this time) wouldnt have happened. now there is a good retracement so what im doing im trying to close all the bad trades at breakeven , hoping it retraces some more. when and if everything stabilizes at good levels i can restart the EA, now its safer to leave it off. my account is still with 2300 euro profit in exactly 2 months..

good luck everybody if you want to follow on myfxbook you re welcome
  • #577
  • Sep 12, 2017 2:03am Sep 12, 2017 2:03am
Quoting comeback2000
My logic say to take 5$ to10$ daily profit, i need to keep DD balance up to 1000$ which is safe ...
Would you like to put your hand in the shark's mouth for just 10$? And would you like to do that regularly every f. day?
  • #578
  • Sep 12, 2017 3:00am Sep 12, 2017 3:00am
Quoting StrongOnStab
{quote} Would you like to put your hand in the shark's mouth for just 10$? And would you like to do that regularly every f. day?
If you r doing martingale EA one day you have DD like this that time you need 1000$ has deposite not always. You need keep balance the account by moving it when it needs.

Last few days both EURUSD and GBPUSD going mad.
Attached Image (click to enlarge)
Click to Enlarge Name: forexfactory-1.PNG Size: 43 KB
  • #579
  • Sep 12, 2017 4:54am Sep 12, 2017 4:54am
YeYe, I know, I'm not cons martingale.
The point is, we should not leave such a robot in the market all the time.
If we do that then we are easy prey for sharks.
We have to analyze the market and release the robots only when we have a reliable signal.
.... and only then we can wait for profit. ... minimum 300+ pips.
  • #580
  • Sep 12, 2017 10:18am Sep 12, 2017 10:18am
Hi to all

I use the ea as mentioned earlier
I use default setting for version 1.4 but changed the lot from 1.5 to 2.5 in order the trades to close quickly. With this i only need around 25 pips retracment.
I also use cci 14 periods. With the cci i filter bad trades and i have a bigger winning percentage
The account is 2000 euros and i earn around 20€/day
I only use eur/usd usd/chf eur/aud
The biggest dd i have seen is around 500€

I am using these setting for 2 weeks and have earned around 200€ witout any anxious because bad trades are filtered with the cci, trades closes quickly and do not have to worry for big dd as there are not many.
These are conservative settings But are safe!!
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