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Little Martingale EA

  • #661
  • Oct 27, 2017 10:55am Oct 27, 2017 10:55am
Quoting comeback2000
{quote} 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
This account is running purely based on profits that i initially started with.
So to answer that question, I will just let it blow up. Its like playing black jack with the house money. Always know when to quit.
  • #662
  • Oct 29, 2017 1:58am Oct 29, 2017 1:58am
Quoting luca1073
Finally closed all my old forgotten trades of the old live test where i had made mistakes. i could have waited more but it would have been a risk and i wanted to restart fresh probably next week. my earnings reduced of course to a total of 1475 euros (from the highest in this test of 2305 eur) . i will withdraw to bank almost 1000 eur and keep 5000 for trading next week. next week i will restart\reset myfxbook from next monday date. because during the last weeks there was no EA trading there so the stats would be unreal link for myfxbook with the...

Hi Lucas

I studied your myfxbook and i have made some notices

1. You have a dd of 1200€ which is much but not too much for you 5000€ balance (20%)
2. Some trades are opened for more than 5 days and the question is when they will be closed (i saw usd/cad from 18/10)
3. I liked lots are not too high because when you have high lot then you are in risk


As i had told you before i use cci 14 and multiplier 2.5
Th advantage is that most of the time the dd is minimum 30-100€ and trades are closing quickly
The disadvantage is when a pair is trending lots are going high and i have big dd. Last week on Eur/Aud the dd came at 1500€ (balance with the profits 3000€) and to tell you the truth i believed that finally it will blow my account. Fortunattely the eur went down and closed all trades. I need around 30pips to close all trades. When you are in 5th step how many pipis do you need?

I am thinking to start over with the default settings as you.
What is your opinion for all those i told uou and what is your advice.
Are you happy with your settings dd and lots?
  • #663
  • Oct 29, 2017 2:28am Oct 29, 2017 2:28am
Quoting zakgr
{quote} Hi Lucas I studied your myfxbook and i have made some notices 1. You have a dd of 1200€ which is much but not too much for you 5000€ balance (20%) 2. Some trades are opened for more than 5 days and the question is when they will be closed (i saw usd/cad from 18/10) 3. I liked lots are not too high because when you have high lot then you are in risk As i had told you before i use cci 14 and multiplier 2.5 Th advantage is that most of the time the dd is minimum 30-100€ and trades are closing quickly The disadvantage is when a pair is trending...

Zakgr, thanks for checking my stats and giving your opinion. i think both my settings and your settings are definitely not the safest anyway being a martingale strategy but personally i would go with mine. i have seen a drawdown of 1700 euros on usd\cad with my settings too so far and it can go worse for sure if other pairs trend too. if you then interfere with the EA by closing trades manually early the one in profits but not the far ones leaving grid too open (dont do it) your DD can easily go at 3000 euros on a 5000 account . that pair (USD CAD) trended like crazy for 7 days in a row with zero retracement. at the end a rumour about trump choosing a chairman for FED over another and finally USD went down a bit (hence "only" -1142 DD) but when you have a 0.18 or 0.27 lot open on a couple of pairs the DD adds up quiclkly and crazily. imagine with multiplier 2.5 that goes even worse but its true what you say that even a small retracement in your case will help but what about the margin in %? you can blow your account also due to margin call and with high lots margin goes down fast too ....

i find my settings more balanced for the price swings but saying they re safe is not really true. i find them safer than yours maybe. and i like the settings i use and the lots starting at 0.02 and multiplier at 1.5(default). i ve seen trends in the past with aud\usd and usd\cad but other pairs can trend at any time , even usd\chf is trending a lot theses days , so you never know. Good luck
  • #664
  • Oct 29, 2017 11:21am Oct 29, 2017 11:21am
Quoting luca1073
{quote} Zakgr, thanks for checking my stats and giving your opinion. i think both my settings and your settings are definitely not the safest anyway being a martingale strategy but personally i would go with mine. i have seen a drawdown of 1700 euros on usd\cad with my settings too so far and it can go worse for sure if other pairs trend too. if you then interfere with the EA by closing trades manually early the one in profits but not the far ones leaving grid too open (dont do it) your DD can easily go at 3000 euros on a 5000 account . that pair...

I aggree with you. The default setting are a little more relaxing. But I back tested the usdcad with my setting and saw the trades would have been closed. The lots though came to 0.83 but closed .
Take in mind also that I use cci (14 periods) and if i use my setting with cci the lots will be 0.13
I don't know what to think!
My setting are risky but safe?
Default settings not so risky but not very safe
Take a look at my setting I don't know what to choose

PS my settings: cci:14, multiplier:2.5, spaceorder for 50pips 4, 1 for 100 1 for 2000 and then pray hahah
  • #665
  • Oct 29, 2017 12:16pm Oct 29, 2017 12:16pm
Quoting zakgr
{quote} I aggree with you. The default setting are a little more relaxing. But I back tested the usdcad with my setting and saw the trades would have been closed. The lots though came to 0.83 but closed . Take in mind also that I use cci (14 periods) and if i use my setting with cci the lots will be 0.13 I don't know what to think! My setting are risky but safe?
Default settings not so risky but not very
safe Take a look at my setting I don't know
what to choose PS my settings: cci:14,

multiplier:2.5, spaceorder for 50pips 4, 1

for 100 1...
ahah we ll pray yes


by the way i dont know why but backtesting
never worked for me. Or i never had good
data to start with or the spread affects
result (spread on mt4 tester is
autogenerated in set amount by you... That can fake real reaults too..

i agree that 0.84 lot goes fast in DD....thats why it recuperates so fast.
  • #666
  • Oct 29, 2017 7:27pm Oct 29, 2017 7:27pm
i noticed a bug \error in myfxbook not related to the EA but to my fxbook. it says that in my test since october 9 i have had a drawdown of approx 50 % but thats not true(at least not yet). infact i checked an indicator of min max equity and the lowest equity was 3587 on an account of 5000 thats definitely not 50% even adding the profits that so far since oct 9 are 720 euros. there are other tools on myfxbook that are unreal like the risk of ruin. not really useful as they dont give the real extent of the risk. if i had to follow or believe whats written there then this strategy should be invincible lol
  • #667
  • Oct 30, 2017 4:43am Oct 30, 2017 4:43am
Quoting luca1073
i noticed a bug \error in myfxbook not related to the EA but to my fxbook. it says that in my test since october 9 i have had a drawdown of approx 50 % but thats not true(at least not yet). infact i checked an indicator of min max equity and the lowest equity was 3587 on an account of 5000 thats definitely not 50% even adding the profits that so far since oct 9 are 720 euros. there are other tools on myfxbook that are unreal like the risk of ruin. not really useful as they dont give the real extent of the risk. if i had to follow or believe whats...
Luca, I went through some hard experiences that I will spare you, but from what I understood myfxbook is reliable about DD, but only on the window at the left, with all other "Stats" "abs. gain" "Daily" and so on. There it registers the max DD that happened even if only for a fraction of seconds, not at the end of the candle or the end of the day (as it happens on the tab "Drawdown).
I do not know if your indicator calculates the DD only at the end of the candle or not, but I have the suspect that yes.

  • #668
  • Oct 30, 2017 5:00am Oct 30, 2017 5:00am
Quoting Babaji
{quote} Luca, I went through some hard experiences that I will spare you, but from what I understood myfxbook is reliable about DD, but only on the window at the left, with all other "Stats" "abs. gain" "Daily" and so on. There it registers the max DD that happened even if only for a fraction of seconds, not at the end of the candle or the end of the day (as it happens on the tab "Drawdown). I do not know if your indicator calculates the DD only at the end of the candle or not, but I have the suspect that yes.
Thanks for your reply
my candle is one minute(only pips are important in this EA version: v1.4) and no it doesnt calculate at the end of the candle. its the actual drawdown. i will attach here the indi if anynoe finds it useful. i suspect myfxbook may have gone back in history and added a drawdown from a previous test on the same account "without my consent" lol. dont know. but im 100 % sure minimum equity since October 9 was 3587 euros. maximum balance including profit would be 5720 so thats not 50 %.....yes i know about the tab drawdown (the other one) and how it works, i noticed but thanks for pointing that out
Attached File(s)
File Type: mq4 Min Equity Max Margin.mq4   7 KB | 536 downloads
  • #669
  • Nov 1, 2017 11:55pm Nov 1, 2017 11:55pm
Been observing and analyzing this EA a lot and putting real money in it. If you start with 0.02 lots you will need 30 pip retracement for the first 2 steps approzx then i think from 0.05 to 0.08 lot you will need 50 pip retracement to cash in and if you get to 0.12 you will need 60 pip retracement (always if pip value is 0.10 $ / 0.01 lot infact some pairs pip value is lower so you will need a bigger retracemenr) for 0.18 i think you will need 100 pip retracement but i will need to analyze more all trades. I noticed once on a 0.27 lot trade (maximum ever taken so far ) a 200 pip retracement was needed to cash in. If you set profit at 5 $ as in default settings. Also commissions and swap fees are not calculated before close so you could end up with a small negative close
  • #670
  • Nov 2, 2017 12:13am Nov 2, 2017 12:13am
Last two days i am doing two pair hedging not using TP setting let it run till i get basket profit. Take position only on loss after 30 pips getting profit will how it works
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
  • #671
  • Nov 2, 2017 2:14am Nov 2, 2017 2:14am
Quoting comeback2000
Last two days i am doing two pair hedging not using TP setting let it run till i get basket profit. Take position only on loss after 30 pips getting profit will how it works {image}

comeback2000 its already set like this there is no tp in this EA only basket profit then closed automatically

Quoting luca1073
{quote} comeback2000 its already set like this there is no tp in this EA only basket profit then closed automatically
wow those are some huge lots. is that demo or live?
  • #672
  • Nov 2, 2017 4:54am Nov 2, 2017 4:54am
Inserted Code
wow those are some huge lots. is that demo or live?

I am using cent account
  • #673
  • Nov 2, 2017 4:55am Nov 2, 2017 4:55am
Quoting luca1073
{quote} comeback2000 its already set like this there is no tp in this EA only basket profit then closed automatically {quote} wow those are some huge lots. is that demo or live?
Yes but i am taking position on one direction martingale (Sell,BUY,BUY)
  • #674
  • Edited 3:10am Nov 7, 2017 2:56am | Edited 3:10am
everything was going smooth on little martingale until a stupid shutdown of the vps im using caused the EA not to close trades and reopen others (when i renitiated) not respecting the settings. basically its as if you restart from first lot but it will open if last was a 0.12 lot after 50 pips only took a 0.18 lot. its a mix of a bug with a non working vps, so i disabled for now usd\chf and closed 0.18 lot with a "small" loss. still going great but these happenings risk of putting evertyhing in jeopardy. a good vps should be the norm in this case and never touching the EA. i had to touch it anyway because the platform had shutcown and had to do it.

also maybe i will have to substitute if possible and when possible pairs USD\Cad and Usd|Chf with something else because swap fees on sell trades are too high creating loss when in profit when big sequences are closed
  • #675
  • Edited 8:51am Nov 14, 2017 6:07am | Edited 8:51am
a
  • #676
  • Nov 14, 2017 2:18pm Nov 14, 2017 2:18pm
Right now my pairs are trending so I will be in a drawdown for quite some time.
You can track all the accounts on my profile page
  • #677
  • Nov 14, 2017 5:29pm Nov 14, 2017 5:29pm
Quoting ffung0501
Right now my pairs are trending so I will be in a drawdown for quite some time. You can track all the accounts on my profile page
Good that you share , thanks

from what i can see at first glance we have sinilar balance but maybe your trades use the multiplier at less pips apart from each level? I use 50 pips distance for the first 5 trades then 6 th trade is 100 pips away and 7 trade is 200. I start from lot 0.02
  • #678
  • Nov 14, 2017 6:49pm Nov 14, 2017 6:49pm
i fixed myfxbook page (now viewable in my profile page here). myfxbook said i had a drawdown of 50% since oct 9 which was not true. i just refreshed once on the custom analysis and my real 25% DD came up. that's how low it went since oct 9.
  • #679
  • Nov 15, 2017 11:58pm Nov 15, 2017 11:58pm
Hi Lucas

I am watching your fxbook. I think i will also start with default settings as my settings are very dangerous . Look at eurusd which trended yesterday. It is at 4th step.
Tell my any news you have. What is the biggests dd? Around 1000€?
I think you added 2 more pars audnzd and eurgbp?
I have around 3000 in my account
Do you think I should start with eurusd and usdchf or add one more and which?

Wish you all low dd and big profits
  • #680
  • Nov 16, 2017 12:15am Nov 16, 2017 12:15am
Quoting zakgr
Hi Lucas I am watching your fxbook. I think i will also start with default settings as my settings are very dangerous . Look at eurusd which trended yesterday. It is at 4th step. Tell my any news you have. What is the biggests dd? Around 1000€? I think you added 2 more pars audnzd and eurgbp? I have around 3000 in my account Do you think I
should start with eurusd and usdchf or add

one more and which? Wish you all low dd
and big profits
im from mobille cannot write well. Biggest drawdown was around 2000 euros in another test but if you make mistakes by closing manually before even 3000 be careful expect 30-38% drawdown on 6 pairs and 5000 account

hi Zakgr,

thanks for the message. Yes i would follow default settings so far it has been going good. I put aud nzd and eur gbp but eliminated usd chf and usd cad to avoid high swap fees that were eating profits. There are still two trades of usd cad just waiting until close but the EA is not active on that pair. I always have 6 pairs and would not put more on a 5000 euros account, Thanks!! Good luck to you too!!
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