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Attachments: Grid Correlation Trading- From $5,000 to $100,000
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Grid Correlation Trading- From $5,000 to $100,000

Quoting marcnathan88
I've decided to put the system on MT4 strategy tester. Apologies if I didn't bothered posting some pictures. Twice in a row the test account was blown because of spikes in prices. The other problem I saw was the EA keeps modifying the number of lots per trade. If only the EA had stick to a permanent number of lots I think that would be much better. Thanks.
ever paid attention to the thread mentioning explicitly that this is a martingale EA?
as such, it must change the lot sizes, the whole core of martingale.
since in BT you wont have the option to skip the high impact news releases, in those BT you wont be able to avoid the spikes in prices.
again, if you read the thread, OP mentioned that he close the EA before high impact news, and resume trading after.
seem to make the difference, since his account is up 400% in 5 week
there is always, always another trade!!
Quoting profitfarmer
{quote} ever paid attention to the thread mentioning explicitly that this is a martingale EA? as such, it must change the lot sizes, the whole core of martingale. since in BT you wont have the option to skip the high impact news releases, in those BT you wont be able to avoid the spikes in prices. again, if you read the thread, OP mentioned that he close the EA before high impact news, and resume trading after. seem to make the difference, since his account is up 400% in 5 week
Thanks for the heads up. I was supposed to do a little research to know what martingale was but since I was not feeling well I just decided to take a rest. I only used MT4's strategy tester so I couldn't tell if there were red news on the way. Guess I just have to forward test this on demo account.

Edit
Let me ask too. I there a way to put a range on the number of lots that a martingale EA trades instead of letting it trade on any lots. Like from 1000 to 5000 lots or 1000 to 10000 lots. There was a point in my testing that the EA suddenly opened a 9 std lot trade after trading a few micro and mini lots. The test account that was blown had $10000 fund in it.

Thanks again.
Patience and Discipline, these are the Holy Grail.
Quoting marcnathan88
{quote} Thanks for the heads up. I was supposed to do a little research to know what martingale was but since I was not feeling well I just decided to take a rest. I only used MT4's strategy tester so I couldn't tell if there were red news on the way. Guess I just have to forward test this on demo account. Edit Let me ask too. I there a way to put a range on the number of lots that a martingale EA trades instead of letting it trade on any lots. Like from 1000 to 5000 lots or 1000 to 10000 lots. There was a point in my testing that the EA suddenly...
1000-5000, even 1000-10000 doesn't give you many options ( auume on lot, you meant 0.01 lot which is 1000$ in size?)
Think like 0.01-0.02-0.04....
OP suggest min. balance of 5000$ for starting position of 0.01 lot.
Don't know what was yours.
Again, to not accumulate too large a position, just don't run EA into high impact news. Something backtest not let you to simulate for.
Demo account is free, do few days forward test to see result.

Not on computer, but you can look under input tab of EA for settings.
there is always, always another trade!!
Quoting profitfarmer
{quote} 1000-5000, even 1000-10000 doesn't give you many options ( auume on lot, you meant 0.01 lot which is 1000$ in size?) Think like 0.01-0.02-0.04.... OP suggest min. balance of 5000$ for starting position of 0.01 lot. Don't know what was yours. Again, to not accumulate too large a position, just don't run EA into high impact news. Something backtest not let you to simulate for. Demo account is free, do few days forward test to see result. Not on computer, but you can look under input tab of EA for settings.
0.01 lot is 1000 unit. Didn't realize I forgot to put "unit". I was thinking that I find it better if this EA will only trade a certain amount of lot on every single trade. 0.01 lots only, 0.02, 0.03 and so on. This way profits and losses are already defined. Not unlike letting it trade on any lots. There might be instances where its winning trades on small lot sizes and losing on bigger lot sizes. Even if the same amount of pips is made the lot size makes the difference when it comes down to profits. Well Im sure this scenario happens. This is why the capital he requires is $5000.

But then again theres not much I can do beçause thats how a martingale works. If only I was a good programmer like him then I could put to life my idea. Overall this is really a good EA. I've never seen anything like it. The equity curve is going nowhere but up. But they say what comes up must come down but Im looking forward to this EA keeping its great performance.

Thanks again profitfarmer.
Patience and Discipline, these are the Holy Grail.
believe the 5000$ min capital is for safety.
if running the EA at quiet times, skipping high impact news, the DD% should come easily bearable...dragonexpert's TE shows max return DD 6.8%...vs. average daily gain of 5.2%.
my demo test today has +5% gain, with max DD at 1.7%...running at suggested 0.01lot/5k equity.
there is always, always another trade!!
Why there is a positive profit of $20,785 but a negative Net Pips of -5404 into your live account http://www.forexfactory.com/showthread.php?t=581649&page=11#acct.13-tab.report ?
Quoting 8tango
Why there is a positive profit of $20,785 but a negative Net Pips of -5404 into your live account http://www.forexfactory.com/showthread.php?t=581649&page=11#acct.13-tab.report ?
it is martingale EA.
for simplified example.
open 1 lot, goes to -20 pip
then open 2 lot...
price recover 8 pips...
where do you stand?
1 lot at -120$
2 lot at +160....at total +40$ but -4 pips.
there is always, always another trade!!
i am more curious what .set files dragonexpert using.
i am almost certain not the default one, as well as the current risk he runs also probably less than 0.01 lot/5k equity...maybe half that risk.
great results!
there is always, always another trade!!
news is a killer with Martingale , trade carefully
Dragon expert explorer satisfy watching..

I keep coming back to how it's doing well
Holy grail, pls pm
Congratulation on your 50k achievement
I hope you reach your target very soon.
Quoting iamgotzaa
Dragon expert explorer satisfy watching.. I keep coming back to how it's doing well
Thanks, We'll plan to start again in the end of the month
Risk comes from not knowing what you're doing.
Hi there,

Pretty amazing, your Dragonexpert EA.

I have a question:

Is there a reason why you chose EURUSD EURJPY USDJPY as a correlation basket instead of EURUSD EURCHF USDCHF?
Quoting Lenny154
Hi there, Pretty amazing, your Dragonexpert EA. I have a question: Is there a reason why you chose EURUSD EURJPY USDJPY as a correlation basket instead of EURUSD EURCHF USDCHF?
Those pairs have volatility and make quick retracement than another pairs. We always run EA outside red news.
Risk comes from not knowing what you're doing.
Quoting dragonexpert
{quote} Those pairs have volatility and make quick retracement than another pairs. We always run EA outside red news.
which makes it strange why you havent run it in the past 4 months!
those single side EU 0.01 lots i wouldnt count, as that isnt how this EA trades exactly...
there is always, always another trade!!
Longtime do not here, at FF.
And I'm very happy when see your EA's performance. Congrat, DragonExpert!
Quoting dragonexpert
{quote} Those pairs have volatility and make quick retracement than another pairs. We always run EA outside red news.
Did you use your expert on a real account?
If so, what are the results?
Quoting Ducdaovn
Longtime do not here, at FF. And I'm very happy when see your EA's performance. Congrat, DragonExpert!
Thanks. We try to make it better.
Risk comes from not knowing what you're doing.
This is a very good approach. Just two very confusing parameters on this EA.

  1. Maximum Level Martingale = 99
  2. Level Risk = 10

Could you please explain how this EA is using these Parameters. What do you mean by Maximum Level Martingale = 99 and Level Risk = 10?

Attached Image (click to enlarge)
Click to Enlarge Name: 2 Confusing things.jpg Size: 70 KB
Quoting Wiseacre
This is a very good approach. Just two very confusing parameters on this EA. Maximum Level Martingale = 99 Level Risk = 10 Could you please explain how this EA is using these Parameters. What do you mean by Maximum Level Martingale = 99 and Level Risk = 10? {image}
Ex: max level martingale 5 with starting lots 0.01 with buy/sell trade.
So when it’s reach level 5, EA will not open any new trade. 0.01, 0.02, 0.03, 0.05, 0.08
So the last trade is on lot 0.08 either buy or sell trade.
Level risk is to make EA trigger closing trade for breakeven. Same approach level as martingale option
Risk comes from not knowing what you're doing.
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