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...
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Since you have done only for 2 week and you seen 500$ DD that is very risk. I have chnage the setting to 2.5 LOT and CCI to 14 it went to almost 500$ DD in second trade itself. I dont think with this setting it will last
Can i know how many pips you mange to retrenchment is it above 300 pips
{quote} Since you have done only for 2 week and you seen 500$ DD that is very risk. I have chnage the setting to 2.5 LOT and CCI to 14 it went to almost 500$ DD in second trade itself. I dont think with this setting it will last Can i know how many pips you mange to retrenchment is it above 300 pips {image}
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27-30 pips.
What pair did you trade and you got 500€ dd?
{quote} Today it went to 800$ DD i am using "GBPJPY" {image}
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Also you did not understood the settings.
The first lot will be 0.02 the multiplier will be 2.5
I saw your lot is 2.5 thats why you have big dd
If this is your real account, get out as soon as possible with minimum loss
thanks i will try this. Can you check my setting is there any thing i need to change. Currently i am getting only 6 to 10$ as profit i dont know why. I use to see it was moving to 300$ profit but TP closing @ 6 to 10$ only why?
thanks i will try this. Can you check my setting is there any thing i need to change. Currently i am getting only 6 to 10$ as profit i dont know why. I use to see it was moving to 300$ profit but TP closing @ 6 to 10$ only why? {image} {image}
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When The profit is set to 5€ this means that when you have 5€ profit the trade will be closed.
You get 6-10 profit because you use big lot
Close this trade and start again with the settings and pair i told you
{quote} When The profit is set to 5€ this means that when you have 5€ profit the trade will be closed. You get 6-10 profit because you use big lot Close this trade and start again with the settings and pair i told you I assume this account is a demo right?
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Yes it is demo right now i need to test this setting for 2 week period. If all goes fine i will do on real
R you running this EA 24/7 or running only on specific hour.
R you running all three pair in same time.
How you manage the SWAP. It is more the profit
And on what chart r you running the EA is it on 5M or 1H
{quote} Yes it is demo right now i need to test this setting for 2 week period. If all goes fine i will do on real R you running this EA 24/7 or running only on specific hour. R you running all three pair in same time. How you manage the SWAP. It is more the profit And on what chart r you running the EA is it on 5M or 1H
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24/7 all at the same time. I watch 1h
Dont forget the cci to set at 14
{quote} 24/7 all at the same time. I watch 1h Dont forget the cci to set at 14
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Yes i was using CCI 14 i am getting profit but same i am hitting the DD also. I am using the same pair only and running 24/7 not monitoring no time to see.
Need some advice if i want to monitor what i need to do i need to stop the EA for further taking potion once i reach 500$ DD
Martingale is the best strategy to blow your account, there is no martingale system anywhere I haven't tried but they all fail big time at some point. Don't waste your money and time guys trying to win against the market direction because this is what a martingale system is, it keeps trading against the market flow.
Be logic.. you can't win against a whale swimming in one direction while you keep betting that it's gonna change course at any moment and come back, this is suicide.
i will just give a quick update, i miss writing in this thread. as the person above said martingale is dangerous but so most forex trading even if you don't trade against the flow. part of the EA trades with the flow , the other part against. its an hedging martingale of some sort, or grid martingale at said number of pips decided by us
as i said i had a big DD due to my mistakes of closing trades too early manually (and thus not respecting the grid) but at the moment i was able to close many trades because the USD had a big retracement. i plan on restarting the EA soon. so far my banked in profits have been 2260 € in two months (after that i disabled) now equity is above initial deposit for 682 € (see photo). this is on live account
my demo test is way in the sky with profits and was never touched. of course for 6 pairs you will need minimum 5000 €
im not sure of trading on H1 because sometimes it may open trades too far from other point and take ages to profit. maybe , i say maybe, it wuld be better to put it lower timeframe or no open on new candle feature
my live test is on 1 mtf
ps upper scrrenshot is live account graph where i said many times mistakes were made by me. second scrrenshot below is demo account never interfered with it, it has been over two months (2 1\2)
i will just give a quick update, i miss writing in this thread. as the person above said martingale is dangerous but so most forex trading even if you don't trade against the flow. part of the EA trades with the flow , the other part against. its an hedging martingale of some sort, or grid martingale at said number of pips decided by us as i said i had a big DD due to my mistakes of closing trades too early manually (and thus not respecting the grid) but at the moment i was able to close many trades because the USD had a big retracement. i plan...
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So which version do you use? So you say you made 2260 balance and then blew up?
{quote} So which version do you use? So you say you made 2260 balance and then blew up?
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No, profit is still there. now its 2170 euro profit in balance . i disabled EA because i had closed trades beforehand and it was a grid mess and now im closing most trades manually when they get closed to breakeven, of course they may not come back but so far i ve closed almost half the trades at almost no loss compared to what it could be. but i still have a big floating loss due to gbp\usd but i may restart EA soon. i was using v1.4 but im analizying a test with v 11 and next time maybe go with that
initial balance 4496 euros
actual balance 6666 euros
actual equity 5240 euros
{quote} No, profit is still there. now its 2170 euro profit in balance . i disabled EA because i had closed trades beforehand and it was a grid mess and now im closing most trades manually when they get closed to breakeven, of course they may not come back but so far i ve closed almost half the trades at almost no loss compared to what it could be. but i still have a big floating loss due to gbp\usd but i may restart EA soon. i was using v1.4 but im analizying a test with v 11 and next time maybe go with that initial balance 4496 euros actual balance...
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Ok, interesting. How do you decide to close the trades earlier? Manually?
{quote} Ok, interesting. How do you decide to close the trades earlier? Manually?
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ok this has nothing to do with the EA , i say it here but don't get confused. i have these floating trades , no EA ongoing.... these trades have no stop loss but have a tp at more or less breakeven. these days USD has been retracing consistenstly so what i did i waited until price gets to a good support (or resistance) and try to close an old trade if its at least close to breakeven (little loss). when all trades will be closed on at least 1-3 pairs i will restart the EA and monitor the other trades on the other pairs . infact if i started EA now and some old trades are at very far levels i would screw it up again. i could start on another chart and platform so it wouldnt detect magic number but i would still have those negative trades going on and margin suffering. i dont't know if i was clear
{quote} ok this has nothing to do with the EA , i say it here but don't get confused. i have these floating trades , no EA ongoing.... these trades have no stop loss but have a tp at more or less breakeven. these days USD has been retracing consistenstly so what i did i waited until price gets to a good support (or resistance) and try to close an old trade if its at least close to breakeven (little loss). when all trades will be closed on at least 1-3 pairs i will restart the EA and monitor the other trades on the other pairs . infact if i started...
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Ok, so you are scaling in to a Martingale position?
Can you give an example?
What I understood. A martingale position is open several and the trend is going the wrong direction. So you manually open trades at resistance points and make use of retracement? ?? I guess I am a little confused. :-)
{quote} Ok, so you are scaling in to a Martingale position? Can you give an example? What I understood. A martingale position is open several and the trend is going the wrong direction. So you manually open trades at resistance points and make use of retracement? ?? I guess I am a little confused. :-)
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ok i will try to make it simple eheh
i have old trades going on opened by the EA time ago and due to my old mistakes they were not closed properly by the EA(due to my fault) when there was a retracement
when i noticed drawdown was too big and there was likely to be a new retracement what j did was to disable the EA and hope that the price would come back to where it was. This is not a strategy but a guess or gambling its just to cut lossess . So basically when i see that my trades are back to the original price i dont wai for them to go in profit but i close them right away. I plan as i said of restarting EA soon when grid will go back to what it was.
{quote} ok i will try to make it simple eheh i have old trades going on opened by the EA time ago and due to my old mistakes they were not closed properly by the EA(due to my fault) when there was a retracement when i noticed drawdown was too big and there was likely to be a new retracement what j did was to disable the EA and hope that the price would come back to where it was. This is not a strategy but a guess or gambling its just to cut lossess . So basically when i see that my trades are back to the original price i dont wai for them to go...
