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Attachments: Little Martingale EA
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Little Martingale EA

Quoting furgz1129
{quote} Hi martypatty , Is this joan's ea or your personal development?
Hi furgz, It's mine....I'm sorry for the confusion. It won't let me go back and edit at this point. I'm talking with Joan and giving him ideas to improve his EA. Thats why we are all here in the first place ... to help each other succeed. Thanks Marty
Hi to all,

We are in major problem. I have a dd of 2000euro. The account is 3800
The eur/usd is at 0.18, usd/chf at 0.12 (next step I made is at 200pips) and aud/usd at 0.18 (next step at 0.27 will be triggered at 0.80700)
The margin % is 500% it is good by now but if the usd continues to be week I will have a problem

I am thinking to deposit some more money
Any thought?
I have loaded the EA on a cent account, I will post results soon.
Quoting zakgr
Hi to all, We are in major problem. I have a dd of 2000euro. The account is 3800 The eur/usd is at 0.18, usd/chf at 0.12 (next step I made is at 200pips) and aud/usd at 0.18 (next step at 0.27 will be triggered at 0.80700) The margin % is 500% it is good by now but if the usd continues to be week I will have a problem I am thinking to deposit some more money Any thought?
Hi zakgr, You should put some more money and change the EA inputs to make it low risk. You can try the below one, however problem with Martingale strategy is if market moves only in one direction for some time, it just blows the account

0.01, 0.02,0.03 each after 20 pips space
0.05 after 50 pips space
0.08 after 100 pips space
0.12 after 250 pips space

Cheers!
Shiva
Hi everyone, I have loaded this EA onto a real account trading 9 currency pairs they are:
AUDJPY CADJPY EURGBP EURJPY EURUSD GBPAUD GBPUSD GBPJPY EURJPY
This week it has traded making a net profit of $276 on an 0.02 lot size I have a question :
Would it make sense to close all trades at the end of the week if this is the result ? or let it rock n roll.
I don't think there's any need to close all the positions over the weekend.，unless you find make too rich this week,and happy do next week again
Quoting rammer13
Hi everyone, I have loaded this EA onto a real account trading 9 currency pairs they are: AUDJPY CADJPY EURGBP EURJPY EURUSD GBPAUD GBPUSD GBPJPY EURJPY This week it has traded making a net profit of $276 on an 0.02 lot size I have a question : Would it make sense to close all trades at the end of the week if this is the result ? or let it rock n roll.
You mean rock n crash?!

No, but serious. What is your account size? How many trades did they take and what was the max DD? Just curious.
My account was $731.00 beginning of the week

Balance: $1158.08 AUD Equity: $1004.78 Margin: $702.06 Free margin: $302.72 Margin level: 143.12% Profit: -$153.30

Can't tell you how many trades were taken till Monday when the market reopens as the statistics are not showing on the charts.But looking at the results I think I will close all the trades and restart fresh on Monday.
Would like to thank you for your comments "MAY THE FOREX BE WITH YOU"
Quoting rammer13
My account was $731.00 beginning of the week Balance: $1158.08 AUD Equity: $1004.78 Margin: $702.06 Free margin: $302.72 Margin level: 143.12% Profit: -$153.30 Can't tell you how many trades were taken till Monday when the market reopens as the statistics are not showing on the charts.But looking at the results I think I will close all the trades and restart fresh on Monday. Would like to thank you for your comments "MAY THE FOREX BE WITH YOU"
Is that using the EA from this post? : https://www.forexfactory.com/showthr...6#post10673656
Hi johnsmith2nd, I use the settings posted by luca1073 at Post 749.
Would like to take this opportunity of thanking luca1073 for these settings.
Quoting rammer13
My account was $731.00 beginning of the week Balance: $1158.08 AUD Equity: $1004.78 Margin: $702.06 Free margin: $302.72 Margin level: 143.12% Profit: -$153.30 Can't tell you how many trades were taken till Monday when the market reopens as the statistics are not showing on the charts.But looking at the results I think I will close all the trades and restart fresh on Monday. Would like to thank you for your comments "MAY THE FOREX BE WITH YOU"
Close them and start only one pair. You have very low capital to have 9 pairs. You definetly blow the account sooner or later. This week was a ranging week. Thats why you make some money.
Take my advice
Quoting luca1073
{quote} you re still "ok" but it starts becoming risky. to know how much you have its easy. 1) TRY TO AVOID BIG TRADES BY DELAYING IN PIPS IN SETTINGS YOUR TRADES OR BY DISABLING THE EA 2) CALCULATE. EXAMPLE IF I HAVE EQUITY AT 3478 $ AND FREE MARGIN AT 1176$ I HAVE 295 % MARGIN . I STILL HAVE ANOTHER 2302 $ IN NEGATIVE TO GO TO MARGIN STOP OUT AND ACCOUNT WIPING.....(MARGIN IN % IS: EQUITY /FREE MARGIN * 100) MY BROKER LIQUIDATES TRADES WHEN MARGIN REACHES 100 % AND MARGIN CALL IS AT 125 %(JUST A RED WARNING)

How are you doing with your account. I see you have dd of 4000. Any thoughts?
I have disable the ea and i wait the 3 pairs to stop trending (audusd eurusd usdchf) if they stop
I think the ending is near
Quoting zakgr
{quote} How are you doing with your account. I see you have dd of 4000. Any thoughts? I have disable the ea and i wait the 3 pairs to stop trending (audusd eurusd usdchf) if they stop I think the ending is near
I swear if i ever get out if this situation i will never ever touch gbp usd again . It did 500-600 pips without even turning back 50 pips simply craZy and trump of course is not helping

situation is now grim but we ahould have used only ranging pairs like eur gbp and aud nzd and others. Those have remained rangers even in this crazy bull market

good luck
I would suggest, to add in the EA the option to open trades following the trend in accord with the Ema as shown in this image of another EA.
Attached Image
I hope this thread is going on.
This EA is very good.
It does need to set in accord with the historical volatility of the pair and work time.
One friend of mine use Adr to choice the best and quite currency.
Today +132 gain and +2.9 floating on demo platform.
Every day is going well.
Pairs: E/U, E/G, E/CHF, A/U, U/J.
Setup as default.
I will add G/J with 20/50/100/200 pips of step.

Thank you and regards.
Quoting flashpaul
I hope this thread is going on. This EA is very good. It does need to set in accord with the historical volatility of the pair and work time. One friend of mine use Adr to choice the best and quite currency. Today +132 gain and +2.9 floating on demo platform. Every day is going well. Pairs: E/U, E/G, E/CHF, A/U, U/J. Setup as default. I will add G/J with 20/50/100/200 pips of step. Thank you and regards.

GBP/JPY? strongly but strongly advised not to use that pair....its suicidal....

in another post below i will give an update on my account situation and some measures i would like to take from next week....
I thought i would give an update on my live account that has been suffering greatly these last 2 weeks. Drawdown has been huge and i felt it was worth to add more funds to save it. of course adding more funds also brings more risks. i also eliminated the pair aud /nzd temporarily not because it was not good but to increase my margin need and that pair had 4 trades open and with a floating loss of only - 4 $ so that helped me a bit to avoid margin call

my margin is now at 399 %. i ve seen it going down to 190 % (100 % is the end )

from next week i will try to cancel out(close at loss) all faraway losers in pips on aud usd and gbp usd. i will use all the profits from the next week (and on) that the Ea will do to close even partial positions and reduce the risk on DD. this idea may help. what do you think?

i still believe in this EA , i just think maybe pips in levels should be bigger (not sure) as another member here suggested and im trying that on demo now.(70 pips for the first 5 levels (instead of 50) and 6th level at 140 pips from last 5 th order. no more orders after...

what i know for sure , try to avoid usd\chf, aud usd and usd\cad for the swap fees (and the resiliency of aud usd) and gbp \usd has swings in price that are too high, really risky and its very prone to flash crashes or incredible surges. even so until 2 weeks ago gbp usd was very profitable but when (and if) i manage to close all my trades i will not use this pair ever again for this system.

im now testing on demo together on v13.1:

eur/usd (the only major in the group , it goes high or low but not crazily like gbp usd)
eur/gbp (the most profitable and good ranger so far)
aud/cad (the most boring one)
nzd/cad
aud/nzd
nzd/usd (not sure about this one)
a nice read about drawdown issue, some solutions and how to look at it

http://forexop.com/trading/drawdown-avoiding-mistakes/
i will use 1,2,4,6,9,18,36....lots array
The aim is to strengthen the previous profits and Solve the risk add up，Equilibrium interrupt risk，raise the end Martin coefficient
and raise space pips
by these to Significantly reduce risk
[quote = luca1073; 10714396] {quote} GBP / JPY? fortemente ma fortemente consigliato di non usare quella coppia .... č un suicidio .... in un altro post di seguito darņ un aggiornamento sulla situazione del mio account e alcune misure che vorrei prendere dalla prossima settimana .... [/ quote ]

Thank you for your advice.

I did already think about this high volatility of this currency and for this reason to test this pair is the follow: is it better to choice a low volatility pair and let it work in quite hours of the market, with strict steps of trades, or a high volatility pair with strong returns of price movements, with wide and progressive steps of trades and very strict MM ?

Sometime quite pairs may have suddenly movements without "comeback" and this, with tight steps and many trades may be dangerous because floating may increase very much.

From July 2014 to February 2015 EurUsd did a downhill of almost 3500 pips. If we should have had this EA, what should have been the best setup to not go in margin call?

I did read another suggestion but I don“t know how much it can be useful: to install the EA in pairs linked with correlations; for example eurusd, usdjpy and eurjpy and so over.

Another suggestion is to work at the same time, manually or automatically, with a whatever strategy, in favor of the trend. So the trades may be always balanced.
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