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Little Martingale EA

  • #641
  • Oct 20, 2017 2:49am Oct 20, 2017 2:49am
Quoting comeback2000
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.

15 levels??? What do you mean lol? How
often (at how many pips levels ) does the EA take trades? Do you have as a setting 100 pipettes (10 pips)? That s very bad 10 pips in my opinion is suicidal
  • #642
  • Oct 20, 2017 3:36am Oct 20, 2017 3:36am
Quoting luca1073
{quote} thats similar to this. Curiosity: whats the multiplier ratio ? X 2? Here i use default 1.5
Maximum Lot=10.0
Lot Multipler=1.5
Maximum umber of positions=100
Pips Multiplier=10
Grid step, pips=30
  • #643
  • Oct 20, 2017 3:52am Oct 20, 2017 3:52am
Quoting ffung0501
{quote} Maximum Lot=10.0 Lot Multipler=1.5 Maximum umber of positions=100 Pips Multiplier=10 Grid step, pips=30

Thanks. that means that every 10 pips in the wrong direction it will multiply 1.5? i agree with 1.5 but i find multiplying at 10 pips very risky. just my opinion. if it works for you i'm happy
  • #644
  • Oct 20, 2017 4:34am Oct 20, 2017 4:34am
Quoting luca1073
{quote} Thanks. that means that every 10 pips in the wrong direction it will multiply 1.5? i agree with 1.5 but i find multiplying at 10 pips very risky. just my opinion. if it works for you i'm happy

Maximum number of positions=30 each side
TP=4 pips
Grid step, pips=8 pips (Open position on new candle)
  • #645
  • Oct 20, 2017 7:57am Oct 20, 2017 7:57am
Hi

Is somebody using the EA on a real account? Is it safe?
is it best to use 1.4 or 1.12 atached to the first post?


thanks
  • #646
  • Oct 20, 2017 10:23am Oct 20, 2017 10:23am
Quoting luca1073
{quote} Thanks. that means that every 10 pips in the wrong direction it will multiply 1.5? i agree with 1.5 but i find multiplying at 10 pips very risky. just my opinion. if it works for you i'm happy
Yep, because im using it on a 15m chart and the selected pairs range so recovery is quite fast.
But there is a built in function where it will not open 2 positions on a single candle stick. So if it trends fast then it will adapt accordingly.
  • #647
  • Oct 21, 2017 1:38am Oct 21, 2017 1:38am
Quoting ffung0501
{quote} Yep, because im using it on a 15m chart and the selected pairs range so recovery is quite fast. But there is a built in function where it will not open 2 positions on a single candle stick. So if it trends fast then it will adapt accordingly.
Sorry i deleted my message question because i found the answer a few posts earlier , thanks
  • #648
  • Oct 21, 2017 1:42am Oct 21, 2017 1:42am
Quoting Phk
Hi Is somebody using the EA on a real account? Is it safe? is it best to use 1.4 or 1.12 atached to the first post? thanks
I use 1.4 on a real account. Safe for what? The strategy or the EA as a program? As a program it seems reliable and also the strategy it uses, but saying it s "safe" in forex is a bit underestimating the risks
  • #649
  • Edited 3:08am Oct 26, 2017 2:58am | Edited 3:08am
Today i have risked 90$ to make profit of 7.7$

After one week of run i have made 7.7$

Number of positions opened=33 sell MAX Lot size reached is 3.42 LOTS (EURAUD Now all position closed)
TP=4 pips
Grid step, pips=4 pips (Open position on new candle using M15)

Since i used Cent account the Draw down went to 9000$ to make profit of 770$ ~ i get 10% profit from the risk. So if i want to make 100$ i need to risk 10K to 20K if i use standard account.

Any one provide your thought and experience. i can't imagine to risk in standard account.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD-DD-OCt-17.JPG Size: 120 KB
  • #650
  • Oct 26, 2017 3:20am Oct 26, 2017 3:20am
Quoting comeback2000
Today i have risked 90$ to make profit of 7.7$ After one week of run i have made 7.7$ Number of positions opened=33 sell MAX Lot size reached is 3.42 LOTS (EURAUD Now all position closed) TP=4 pips Grid step, pips=4 pips (Open position on new candle using M15) Since i used Cent account the Draw down went to 9000$ to make profit of 770$ ~ i get 10% profit from the risk. So if i want to make 100$ i need to risk 10K to 20K if i use standard account. Any one provide your thought and experience. i can't imagine to risk in standard account. {image}

i dont know about your calculations, you talk about grid step but im using v1.4 and i dont remember if there was a grid step

i can tell you my starting trade is 0.02 , default settings on v 1.4 i use 6 pairs, multiplier 1.5 (, i use a standard account of 5000 euros.) pairs are not the trendiest ones but not even the most ranging ones. my profit in balance usually are around 1000 euros a month. everything that goes above 5000 in equity i withdraw it to subaccount (not trading) when sub account reaches a balance of 1000 euros i withdraw to bank while EA keeps working on the trading account

in your screenshot i see trades of 3.2 lots(??) thats a lot of money lol if you used a standard account you would need a lot of balance maybe 50000 euros. i think the dsitance between trades in your case is too tight, thats the impression i get, very very risky. am i wrong?

even if you risk in cent account thats the same ratio but you re using way too much risk. i wouldnt use your settings, not even if the account was 5 euros
  • #651
  • Edited 4:07am Oct 26, 2017 3:52am | Edited 4:07am
Quoting luca1073
{quote} i dont know about your calculations, you talk about grid step but im using v1.4 and i dont remember if there was a grid step i can tell you my starting trade is 0.02 , default settings on v 1.4 i use 6 pairs, multiplier 1.5 (, i use a standard account of 5000 euros.) pairs are not the trendiest ones but not even the most ranging ones. my profit in balance usually are around 1000 euros a month. everything that goes above 5000 in equity i withdraw it to subaccount (not trading) when sub account reaches a balance of 1000 euros i withdraw to...
Can i know what is your Grid size (i mean space) and chart hour you have used. Since i am using M15 and Grid is 4 pips for 150 pips move it was opened ~ 33 position
  • #652
  • Oct 26, 2017 4:18am Oct 26, 2017 4:18am
I think its more about pair selection...
Mine is not bad
https://www.mql5.com/en/signals/341891
  • #653
  • Oct 26, 2017 4:55am Oct 26, 2017 4:55am
Quoting ffung0501
I think its more about pair selection... Mine is not bad https://www.mql5.com/en/signals/341891
Can i know r you using cent account or standard account "EURUSDf" Why showing suffix has "f". I think broker is also key player. Can i know what broker r you using

I am quite confused on selecting the pair.

Which is best

EURAUD
AUDJPY

or

EURUSD
GBPUSD
EURGPB
  • #654
  • Oct 26, 2017 6:59am Oct 26, 2017 6:59am
Quoting comeback2000
{quote} Can i know what is your Grid size (i mean space) and chart hour you have used. Since i am using M15 and Grid is 4 pips for 150 pips move it was opened ~ 33 position
timeframe is not important in my case because it only calculates pips. v1.4 doesn't have that feature (open trade on new candle)

33 positions (martingale levels?)??? thats nuts. i wouldn't even consider it. your settings are wrong. of course even my settings can fail badly but yours are very very risky.

im using default settings of this v1.4 attached here on 6 pairs. values are in pipettes (500 pipettes is 50 pips for the first 5 orders) 6 th order is 100 pips away from 5th order and 7 th order is 200 pips away from 6 th order. after that all 200 pips away from previous order.
Attached File(s)
File Type: ex4 UnNomGuaiV1.4.ex4   18 KB | 579 downloads
  • #655
  • Oct 26, 2017 7:57am Oct 26, 2017 7:57am
Quoting ffung0501
I think its more about pair selection... Mine is not bad https://www.mql5.com/en/signals/341891
Hi ffung0501,

I checked the logs of the trade quite interesting. I need some input from you how much Draw down went to make this profit have you remembered.

Inserted Code
2017.09.27 15:40:13Buy0.93EURUSDf1.17294 1.178592017.09.28 16:25:011.17864  530.1[tp]
2017.09.26 19:41:04Buy0.62EURUSDf1.17582 1.178592017.09.28 16:25:011.17864  174.84[tp]
2017.09.26 13:46:49Buy0.41EURUSDf1.17874 1.178592017.09.28 16:25:011.17864  -4.1[tp]
2017.09.26 10:49:25Buy0.27EURUSDf1.18164 1.178592017.09.28 16:25:011.17864  -81[tp]
2017.09.25 19:10:46Buy0.18EURUSDf1.18425 1.178592017.09.28 16:25:011.17864  -100.98[tp]
2017.09.25 13:55:56Buy0.12EURUSDf1.18713 1.178592017.09.28 16:25:011.17864  -101.88[tp]
2017.09.25 00:05:02Buy0.08EURUSDf1.19004 1.178592017.09.28 16:25:011.17864  -91.2[tp]
2017.09.22 19:52:45Buy0.05EURUSDf1.19415 1.178592017.09.28 16:25:011.17864  -77.55[tp]
2017.09.22 13:58:16Buy0.03EURUSDf1.19707 1.178592017.09.28 16:25:011.17864  -55.29[tp]
2017.09.22 11:37:25Buy0.02EURUSDf1.2 1.178592017.09.28 16:25:011.17864  -42.72[tp]
  • #656
  • Oct 26, 2017 9:44am Oct 26, 2017 9:44am
Quoting comeback2000
{quote} Hi ffung0501, I checked the logs of the trade quite interesting. I need some input from you how much Draw down went to make this profit have you remembered. 2017.09.27 15:40:13Buy0.93EURUSDf1.17294 1.178592017.09.28 16:25:011.17864 530.1[tp] 2017.09.26 19:41:04Buy0.62EURUSDf1.17582 1.178592017.09.28 16:25:011.17864 174.84[tp] 2017.09.26 13:46:49Buy0.41EURUSDf1.17874 1.178592017.09.28 16:25:011.17864 -4.1[tp] 2017.09.26 10:49:25Buy0.27EURUSDf1.18164 1.178592017.09.28 16:25:011.17864 -81[tp] 2017.09.25 19:10:46Buy0.18EURUSDf1.18425 1.178592017.09.28...
37.07% DD of the account. Still within acceptable parameters. That's the point with martingale systems.
If you want a low DD, martingale really isn't for your risk appetite. Because once it trends hard, you're in for a ride.
  • #657
  • Oct 26, 2017 10:00am Oct 26, 2017 10:00am
Quoting ffung0501
{quote} 37.07% DD of the account. Still within acceptable parameters. That's the point with martingale systems. If you want a low DD, martingale really isn't for your risk appetite. Because once it trends hard, you're in for a ride.
True
  • #658
  • Edited Oct 27, 2017 3:14am Oct 26, 2017 10:16am | Edited Oct 27, 2017 3:14am
Quoting ffung0501
{quote} 37.07% DD of the account. Still within acceptable parameters. That's the point with martingale systems. If you want a low DD, martingale really isn't for your risk appetite. Because once it trends hard, you're in for a ride.
From the trade i can able to see it went to ~320 pips DD. If the trend goes more the 500 pips DD will it able to retrace back to Basket TP.

Till what level we can manage the trend to run till 500 pips for 5K deposit
  • #659
  • Oct 27, 2017 7:32am Oct 27, 2017 7:32am
Quoting comeback2000
{quote} From the trade i can able to see it went to ~320 pips DD. If the trend goes more the 500 pips DD will it able to retrace back to Basket TP. Till what level we can manage the trend to run till 500 pips for 5K deposit
I dont intend to find out. Meanwhile, I regularly withdraw profits and just let it so that if I get margin called, it wouldn't hurt.
  • #660
  • Oct 27, 2017 7:57am Oct 27, 2017 7:57am
Quoting ffung0501
{quote} I dont intend to find out. Meanwhile, I regularly withdraw profits and just let it so that if I get margin called, it wouldn't hurt.
If you get margin call will you add more fund to the same account or level the account to blow and start with new account with 5K deposit
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