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Little Martingale EA

  • #621
  • Oct 16, 2017 5:40am Oct 16, 2017 5:40am
Quoting luca1073
{quote} even if its cent account (basically 400$ cent account are you risking only 4$??) or its a real 400$ and you have more in cent account. Im not familiar with cebt accounts but i think it will add two zeros right? anyway cent or not 400$ is not enough IMO , minimum should be 800$/1000 $ per pair what are your settings?
For XM the micro account it will same
For FBS=I Have 12K profit and DD was 45k.
  • #622
  • Oct 16, 2017 6:45am Oct 16, 2017 6:45am
[q
  • #623
  • Oct 18, 2017 7:57am Oct 18, 2017 7:57am
im running the EA on the major (USD pairs), 1M on Axi and H4 on FXDD, both in default settings. i also placed a "close all" EA when the profit reaches $20... We''ll see will it look like in the coming days
I'm not an expert but I can read charts.
  • #624
  • Oct 18, 2017 3:29pm Oct 18, 2017 3:29pm
Quoting forexgodess
im running the EA on the major (USD pairs), 1M on Axi and H4 on FXDD, both in default settings. i also placed a "close all" EA when the profit reaches $20... We''ll see will it look like in the coming days

never tried with profit 20 $. it s good that people post here otherwise i feel alone lol. these days the EA is doing great with minimal DD probably because the market is ranging but also because im not touching it lol....also no double trades anymore. vps is faster too. i have the impression that the vps was influencing the performance of the EA (not regarding the strategy but with the bugs). i wonder if a low speed not working well vps can do that. well, it seems it can
  • #625
  • Oct 18, 2017 5:08pm Oct 18, 2017 5:08pm
i add another one, FBS, 1min chart..
I'm not an expert but I can read charts.
  • #626
  • Oct 18, 2017 5:17pm Oct 18, 2017 5:17pm
the $20 profit EA is of no use hehehehe.. FBS demo is moving a bit slower than Axi and FXDD... I leave my pc open overnight and :

FBS closed 3 trades all in profit for $14 but the remaining trades are in -$28... net of - $14

FXDD closed 14 trades with $14 profit but the remaining trades are in -$31.. net of -$17

Axi closed 14 trades with $25 profit and the reaminig trades are in -$22.. net of $3
I'm not an expert but I can read charts.
  • #627
  • Oct 18, 2017 6:43pm Oct 18, 2017 6:43pm
Quoting forexgodess
the $20 profit EA is of no use hehehehe.. FBS demo is moving a bit slower than Axi and FXDD... I leave my pc open overnight and : FBS closed 3 trades all in profit for $14 but the remaining trades are in -$28... net of - $14 FXDD closed 14 trades with $14 profit but the remaining trades are in -$31.. net of -$17 Axi closed 14 trades with $25 profitand
the reaminig trades are in -$22.. net of


$3
5 $ in profit is a good balance. Less greed leas risk. While im trading this live with major pairs im trying two tests with more ranging pairs to see the difference. So far the difference is visible. Profit is less but DD is less too. There is no guarantee that a pair will range all the time. The real risk with this EA (aside from the trend) is the so called "flash crash"
. Not having a stop loss risks can be huge
a way to limit that is to put a timeframe at lets say 15 m
i tried at 1 hr and didnt help because retracement need can be huge but risks of a flash crash affecting te account are reduced.
trading with v1.4 that dossnt have the feature "open trade after candle closes" 1 m. Or 1 hr chart makes no difference. Trades are only taken at distance in pips from previous trade

the rulee that "the more you risk the more profit you make" clearly applies to this EA.
In november i will show here the difference between the tests and the Drawdon
  • #628
  • Oct 18, 2017 7:04pm Oct 18, 2017 7:04pm
nice to hear that...

I will update you with the performance of this EA maybe this afternoon (Phil Time), it's 8:00 AM here... Maybe at around 6pm..
I'm not an expert but I can read charts.
  • #629
  • Oct 18, 2017 7:07pm Oct 18, 2017 7:07pm
by the way Luca1073, what's the difference between the 1.12 v from the 1.4 v? what modification/s was/were made in 1.4 v?
I'm not an expert but I can read charts.
  • #630
  • Oct 19, 2017 3:45am Oct 19, 2017 3:45am
Quoting forexgodess
by the way Luca1073, what's the difference between the 1.12 v from the 1.4 v? what modification/s was/were made in 1.4 v?
v1.4 is older. i started using it when the author here had got v1.7 the i couldnt keep up with all the new versions lol. but v11 v 12 have new features, one notable one is to take trades when candle of that particulare timeframe closed and other things. at the end i kept using v1.4 because some people reported bugs in the newer versions between the other things but also v1.4 seemed to have bugs. after changing vps to a better one though i have found no bugs so far
  • #631
  • Oct 19, 2017 4:55am Oct 19, 2017 4:55am
axitrade 4h v.1.4 = net $11
fbs 1m v.1.4 = net -$21
fxdd 1m v.1.4 = net $3
trader's way 5m v.1.4 = net -$10
vipro 1m v.1.12 = net -$101
I'm not an expert but I can read charts.
  • #632
  • Oct 19, 2017 6:05am Oct 19, 2017 6:05am
Quoting forexgodess
axitrade 4h v.1.4 = net $11 fbs 1m v.1.4 = net -$21 fxdd 1m v.1.4 = net $3 trader's way 5m v.1.4 = net -$10 vipro 1m v.1.12 = net -$101
Im using pure ECN broker-global prime australia- very tight spreads and standard commissions (0.06 eur* 0.01 lot)
very honest broker an thry re interested that you are profitable to keep trading and paying commissions so no conflict of interests
  • #633
  • Oct 19, 2017 8:02am Oct 19, 2017 8:02am
I started using the EA the other day and it's done pretty well .. just wondering if there is a version that doesn't open a new trade automatically when the other trades close. I am in U.S. so can't hedge, thus I have a template that is to only buy and another to only sell .. would prefer to evaluate market once my trades close before jumping in again the same direction. all in all this has worked well for me so far. thanks to joancb for sharing it
  • #634
  • Oct 19, 2017 8:22am Oct 19, 2017 8:22am
Quoting blade813
I started using the EA the other day and it's done pretty well .. just wondering if there is a version that doesn't open a new trade automatically when the other trades close. I am in U.S. so can't hedge, thus I have a template that is to only buy and another to only sell .. would prefer to evaluate market once my trades close before jumping in again the same
direction. all in all this has worked well for
me so far. thanks to joancb for sharing
it
i have a complete dislike for all
governments but the Usa one definitely tops
my list (top 5) .... One of the least free
countries on earth. Im in no way politically
correct because they re not in the first place

Aside from politics i think you need to code a different EA . You have the mq4 file and can ask a coder to make it for you but that will not be this EA because this is based on hedge
  • #635
  • Oct 19, 2017 1:27pm Oct 19, 2017 1:27pm
Quoting luca1073
{quote} i have a complete dislike for all governments but the Usa one definitely tops my list (top 5) .... One of the least free countries on earth. Im in no way politically correct because they re not in the first place Aside from politics i think you need to code a different EA . You have the mq4 file and can ask a coder to make it for you but that will not be this EA because this is based on hedge
Thanks Luca .. I can work around it, just wondered if any other versions had the feature . seems the original member who posted this doesn't really follow this thread anymore ?
  • #636
  • Oct 19, 2017 5:20pm Oct 19, 2017 5:20pm
Quoting blade813
{quote} Thanks Luca .. I can work around it, just wondered if any other versions had the feature . seems the original member who posted this doesn't really follow this thread anymore ?

yes probably joan still looks at the thread out of curiosity but doesn't post anymore. maybe he doesn't believe in it. i don't know, pure speculation from my part lol

he gave us a good simple EA and i can only thank him . even if in the future we will lose money is not his fault. im completely aware of the risks

i don't think there is any version that has the feature that you talk about. it must be complicated for you to make it work like that, openeing two charts at same time. at the end you re hedging anyway. these rules are useless....people always find ways and thats how it should be , never be hostage of anybody or anything

sorry i can't help you with this because i'm not a coder. but there are thousands of coders in this forum so maybe someone will pick up your wish\request

i can help you with my tests, statements and feelings. this thing has a martingale component so many people stay away from it and name it the "devil" ahah

at the end all forex is very risky anyway. let s hope for the best
  • #637
  • Oct 20, 2017 4:30am Oct 20, 2017 4:30am
Personally, I dont mind using martingale systems.
Currently I am testing a new one with 3 pairs. EURUSD, NZDUSD, AUDCHF
5k Deposit and decent returns so far.
It opens in both directions and uses martingale systems to end a trade sequence.
  • #638
  • Oct 20, 2017 4:34am Oct 20, 2017 4:34am
I am running AUDJPY in FBS live account will update. But from my last testing EURAUD i stopped the martingale after 15 level so got lost 120$ because of DD. Now i going to risk up to 30 levels will see how it goes.
  • #639
  • Oct 20, 2017 4:40am Oct 20, 2017 4:40am
Quoting comeback2000
I am running AUDJPY with .01 micro lot in FBS. Will update in live account
mine is running on the major pairs in 4H TF with AxiTrader.. so far, so good.... up by $30+ in 2days. default setting..

other TF are not that good..
I'm not an expert but I can read charts.
  • #640
  • Oct 20, 2017 4:46am Oct 20, 2017 4:46am
Quoting ffung0501
Personally, I dont mind using martingale systems. Currently I am testing a new one with 3 pairs. EURUSD, NZDUSD, AUDCHF 5k Deposit and decent returns so far. It opens in both directions and uses martingale systems to end a trade sequence.
thats similar to this. Curiosity: whats the multiplier ratio ? X 2? Here i use default 1.5
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