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Little Martingale EA

  • #901
  • Mar 22, 2018 10:55pm Mar 22, 2018 10:55pm
Quoting luca1073
just want to report that v13.1 too has bugs and should not really be trusted because it closed a trade at 0.03 at profit and let the other trade at 0.02 floating without closing the basket and without me noticing and forcing me to close it later the 0.02 at a "small" loss
What version r you running now
  • #902
  • Mar 23, 2018 6:33am Mar 23, 2018 6:33am
Quoting comeback2000
{quote} What version r you running now

im running eur gbp on v13.1 and the rest on v1.4. my recent "bug" comment was related to v13.1
  • #903
  • Mar 23, 2018 11:55am Mar 23, 2018 11:55am
Is there any risk calculation at all going on here?

I don't see how you can realistically expect to win on some of these pairs long term. In order to use a successful martingale you need to be in a market with a definite bottom, or close to what is considered that and understand the total risk, and only use part of your account (or have more funds on standby to hold your positions).
  • #904
  • Mar 23, 2018 12:41pm Mar 23, 2018 12:41pm
Quoting Catch-22
Is there any risk calculation at all going on here? I don't see how you can realistically expect to win on some of these pairs long term. In order to use a successful martingale you need to be in a market with a definite bottom, or close to what is considered that and understand the total risk, and only use part of your account (or have more funds on standby to hold your positions).
true about the pairs. Strategy worked for many months then it flipped out for many reasons. Many variables come into play but being a no stop loss EA it has its risks of course.

Also on the way i ve realized the swap situation on some pairs even if the swap fees dont affect badly the outcome. EA was bringing every month 850-1000 euros then i had to disable it to avoid it from taking big lots (0.18 and beyonfd) with 50 pips distance it had made good profits but if i had left it runnibg as it is it would have blown already. 100 pips distance and eur gbp seemed to be a good candidate though
  • #905
  • Mar 23, 2018 12:52pm Mar 23, 2018 12:52pm
Quoting luca1073
{quote} true about the pairs. Strategy worked for many months then it flipped out for many reasons. Many variables come into play but being a no stop loss EA it has its risks of course. Also on the way i ve realized the swap situation on some pairs even if the swap fees dont affect badly the outcome. EA was bringing every month 850-1000 euros then i had to disable it to avoid it from taking big lots (0.18 and beyonfd) with 50 pips distance it had made good profits but if i had left it runnibg as it is it would have blown already. 100 pips distance...
The best pairs are going to be the ones that are more connected or stable so that the value doesn't stray far from the maximums and minimums something like EURNOR. You need to have a good idea you will be able to average out.

Calculate the risk out and try it on ngas if you have access to a cfd, or even crude oil, index, stock on a buy. Tons of stuff where you can trade more like an actual professional (not retail) using a version of martingale but with proper money management - the profits are not amazing tho of course if you do it properly.
  • #906
  • Mar 23, 2018 1:03pm Mar 23, 2018 1:03pm
Quoting Catch-22
{quote} The best pairs are going to be the ones that are more connected or stable so that the value doesn't stray far from the maximums and minimums something like EURNOR. You need to have a good idea you will be able to average out. Calculate the risk out and try it on ngas if you have access to a cfd, or even crude oil, index, stock on a buy. Tons of stuff where you can trade more like an actual professional (not retail) using a version of martingale but with proper money management - the profits are not amazing tho of course if you do it properly....
Thanks, my guess is that EUR NOK must not have a good spread
  • #907
  • Mar 23, 2018 10:29pm Mar 23, 2018 10:29pm
Quoting luca1073
{quote} true about the pairs. Strategy worked for many months then it flipped out for many reasons. Many variables come into play but being a no stop loss EA it has its risks of course. Also on the way i ve realized the swap situation on some pairs even if the swap fees dont affect badly the outcome. EA was bringing every month 850-1000 euros then i had to disable it to avoid it from taking big lots (0.18 and beyonfd) with 50 pips distance it had made good profits but if i had left it runnibg as it is it would have blown already. 100 pips distance...

After how many pips you will stop your EA when it go on loss is it above 200 pips. Why your not using swap free broker for this. I am looking for EA martingale position automatically after if it move 30 pips loss after i did manual trade for any pair i want do if you find any please let me know.
  • #908
  • Mar 24, 2018 3:02am Mar 24, 2018 3:02am
Quoting comeback2000
{quote} After how many pips you will stop your EA when it go on loss is it above 200 pips. Why your not using swap free broker for this. I am looking for EA martingale position automatically after if it move 30 pips loss after i did manual trade for any pair i want do if you find any please let me know.

for now i can tell you one thing i dont use
swap free broker in this case because my
broker is very good and honest so i dont
feel like trusting other brokers right now
and global prime(my broker) is not a swap
feee but as i said it hasnt affected the EA profits that much at the end
  • #909
  • Apr 12, 2018 3:15pm Apr 12, 2018 3:15pm
Quoting luca1073
{quote} for now i can tell you one thing i dont use swap free broker in this case because my broker is very good and honest so i dont feel like trusting other brokers right now and global prime(my broker) is not a swap feee but as i said it hasnt affected the EA profits that much at the end

joancb sir......Luca Sir,,,you did great job....awesome EA......Just one thing as per my understanding will make this robot best of the best.....
Sir currently we are taking fix profit with one trade and multiple trades (for example profit is 5 then EA will take 5 with one trade and multiple trades).....i want you to add multiplier for profit too like multiplier added for lot size, when multiple trades opened by EA....Means with one trade it take 5 and with two trades it take 7.5 and with three trades in cycle it takes 12 and so on (if profit multiplier is set at 1.5)....it would depend on trader whether he want to use this as 1 or 1.5 or any other.....

Sorry for bad English

  • #910
  • Apr 12, 2018 3:24pm Apr 12, 2018 3:24pm
Quoting Salman45
{quote} joancb sir......Luca Sir,,,you did great job....awesome EA......Just one thing as per my understanding will make this robot best of the best..... Sir currently we are taking fix profit with one trade and multiple trades (for example profit is 5 then EA will take 5 with one trade and multiple trades).....i want you to add multiplier for profit too like multiplier added for lot size, when multiple
trades opened by EA....Means with one
trade it take 5 and with two trades it take
7.5 and with three trades in cycle it takes
12 and so on (if profit...
thanks for "thanking" me even if i just tested this EA and reported back. Right now as i said in another post this strategy is dificult to trade it in real life. Its not worth it in my ipinion. Yes i took almost one year to understand but maybe i got to this conclusion. Right now i just hope i manage to close all my "lost trades"
  • #911
  • Apr 29, 2018 4:54pm Apr 29, 2018 4:54pm
Hello Gents,

This is my first time to write here, I actually made an account on forex factory after in order to write this to you. For so long I always thought martingale would be so good on gold due to the fact that it's the most ranging market, much better than currency pairs. And also for long, i was after a fully adjustable MG EA and tried so many until I found this piece of art UnNomGuai. I am so encouraged with how I can adjust everything like the distance, the lot size for the re-buy/re-sell and the fact that it can close a group of SELL or group of BUY on net profit and not on TP pips. Thank you for this work Joan, it's really great. First thing I did, I backtested on 1 January 2018 to 27 April 2018 where ALL the EA's have failed miserably due to the few spikes that happened in gold in this period. UnNomGuai has managed to stay EXTREMELY safe (using my settings which I will show you) with a super low DD. All others EA's failed particularly on 25 Jan, 16 Feb and the super spike of 11 Apr with the bad news, due to the fact they use "lot multiplier" by default and I couldn't change that, which is the best thing I admire in Joan's EA because first thing I did is disable the multiplier and assign good spaces and pre-set lot sizes. This in my opinion can never fail in gold because unlike other currencies pair, gold is slowly trending (upwards of course) but very slowly, has the attention of the whole world so there are rejections at many price levels which makes it range, will never go IMMEDIATELY to like 1250$ or 1400$, it will have to be rejected many times before it crosses a new number. So, I am sharing with you attached the test result which yielded in 58% profit with only 18% max DD that happened at the spikes. Please see below the test conditions:-
TEST 1:
- time : 1 Jan to 27 Apr 2018
- initial deposit : 10,000$
- profit : 5798$
- Max DD : 18% that happened only at spikes (3 exactly), kept only for few days duration, other than that you will see in graph that 90% of the time DD = 0.
- a DD of 18% is perfect fine for me, I would actually feel comfortable to double the lot sizing of all orders, with the same initial deposit, which would yield double profit and double DD, so that would be 120% profit in 4 months, trading only one asset with peace of mind.
Settings :
- multiplier = off
- global profit or pair global profit = off
- profit = 5$
- Sequence : this is a bit aggressive (a big bit), can be lowered down in real :
* first space : 3 orders @ 0.01 lots space 20 cents (in gold cent = point)
* second space : 3 orders @ 0.02 lots space 30 cents of price
* third space : 3 orders @ 0.03 lots space 40 cents of price
* last space : 99 orders @ 0.04 lots space 50 cents of price

As you see, even with the space too tight (20 cents can happen within seconds in gold), yet the setup never exceeded a 18% DD during all the abnormalities due to the fact the multiplier is OFF. I am strongly against multiplying.

TEST 2 : less agressive (you can see the settings in the image attached):
- time : 1 Apr to 27 Apr 2018
- initial deposit : 10,000$
- profit : 1297$ (13% in one month)
- Max DD : 7.68%
- with this less aggressive spacings, I could comfortably increase lot size to maybe double or triple the tested lot size, Max DD is less than 30% which is perfectly acceptable.

Please see the test results and please share with me your thoughts and comments:
A- What do you guys think of what am doing? I am fairly new to forex (only 5 months), but I have many reasons to believe MG on gold is the most safe
B- has anyone tried it on gold before?
C- I am using version V1.12. Has anyone faced any problem with it? I havent downloaded the modified one which ebeckers made yet.
D- I read most of the old posts and only one thing worried me, I usually like to reboot my EA on weekends, has anyone faced a problem with that? I saw some of you had a trouble when changing to a different VPS/platform that the EA didnt recognize the existing orders but I won't do that, the max i will do is just restart the MT4 occasionally during the week or on weekends. Will the EA perform normally after restarting?
D- I am sorry Luca that you lost hope, but please don't, I was so happy of your way you write about how excited you were in the beginning, and let's work something out again together and test it.

Regards,

MK
Attached File(s)
File Type: zip test 1.zip   345 KB | 471 downloads
File Type: zip test 2.zip   129 KB | 403 downloads
  • #912
  • Apr 30, 2018 5:15am Apr 30, 2018 5:15am
Hi Mk trader,

i was just going to write that i will close the test on myfxbook as i ve almost closed all my old bad trades and the vps is not reporting anymore because EA is disabled anyway so better just to close that myfxbook account that has ran for so long. so guys if you click on my account and see it s no longer there it hasnt blown lol.

well at the moment there are trades opened for - 590 € and a balance of 7600 € . total profit at the moment is + 3200 €

about your experiment on gold there was a user that said that he once used gold with martingale and it was a disaster but he wasn't referring to this EA,

Thanks for your input!

attached here is the screenshot of myfxbook account taken just before closing it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (593).png Size: 408 KB
  • #913
  • Apr 30, 2018 6:06am Apr 30, 2018 6:06am
very interesting.
the only thing to do is opening a demo account in vps and try the settings
provided by you for 1/2 months before to go live.
i am running in real little ea but not this ea for eurusd 1m and for now i have good results.
Quoting luca1073
{quote} thanks for "thanking" me even if i just tested this EA and reported back. Right now as i said in another post this strategy is dificult to trade it in real life. Its not worth it in my ipinion. Yes i took almost one year to understand but maybe i got to this conclusion. Right now i just hope i manage to close all my "lost trades"
  • #914
  • Apr 30, 2018 3:05pm Apr 30, 2018 3:05pm
Quoting MK.trader
Hello Gents, This is my first time to write here, I actually made an account on forex factory after in order to write this to you. For so long I always thought martingale would be so good on gold due to the fact that it's the most ranging market, much better than currency pairs. And also for long, i was after a fully adjustable MG EA and tried so many until I found this piece of art UnNomGuai. I am so encouraged with how I can adjust everything like the distance, the lot size for the re-buy/re-sell and the fact that it can close a group of SELL...
Good evening friend, if you want to be sure you dont loose the settings of the ea its very simple:
store the values of your setting in the inputs of the ea and recompile. For example i did the same
with your test1. here is the ea:
try on your vps. i am trying in mine.
Attached File(s)
File Type: mq4 xauusdea.mq4   15 KB | 786 downloads
  • #915
  • May 3, 2018 3:05pm May 3, 2018 3:05pm
Hello guys,

Just wanted to update you on my above strategy of gold. Here is the profit made on the demo account with my above settings, from Monday 30 Apr to Thursday 3 May:-

https://www.myfxbook.com/members/MKtrader1/mk11/2510569

3% gain, with 2.8% max DD, this DD happened of course on 1 May 2018 when gold dropped 16$ in a day without a slight retracement, however, the EA went out of it like a piece of cake due to the space settings and lot size I am using. If this was using a "LOT MULTIPLIER" at each space, you could have seen a 30% DD. I am so happy with the fact that I can disable the multiplier and assign specific lot sizes for each space/distance.

The spacing/sizing used was:
* first space : 3 orders @ 0.01 lots space 40 cents (in gold cent = point)
* second space : 3 orders @ 0.02 lots space 60 cents of price
* third space : 3 orders @ 0.03 lots space 120 cents of price
* last space : 99 orders @ 0.04 lots space 150 cents of price

I will continue to maneuver the settings as I see necessary by monitoring how the volatility plays with the EA. In my opinion, gold being volatile all the time, and most of the time non-ranging, is the best heaven for this EA.

I am thinking of leaving the last space as a "reserve" incase of wide ranging, that could be a 99 orders @ 0.16 lots but spaced at like 1500 cents (15$ of gold price), incase it gets into a range without intra-retracement, this 4th space will catch it, but could take some more time to close.
  • #916
  • May 4, 2018 5:10pm May 4, 2018 5:10pm
Guys, would like to update, today was a heaven day for the EA, now Growth is 5% in exactly 5 days, Max DD is 2.8% happened only once on 3 may as you will see in myfxbook on 1 May (please press the DRAWDOWN on the top of the chart). Today even with the volatility, DD was well below the 1%.

https://www.myfxbook.com/members/MKtrader1/mk11/2510569

I attach a picture also of how beautiful the EA is working.

However, question to Lucas, as you know the EA closes at a "net profit" of the basket (either SELL basket or BUY basket), on the demo account, the closure of lets say 5 or 6 orders happens within 2-3 seconds. I am also testing the EA with less agressive settings on FBS cent REAL account, the closure is ridiculous, a basket of 6 orders closes in around 15 to 20 seconds total. In most of the times, this was favourable anyway because it was a spike, the first closure of the first order is actually the price the EA calculated the TARGET PROFIT at, so the delay of the closure of the other orders led to them having closed on better prices, which is good, but i start to worry if this happened on a certain price then the price retraced immediately from it, this delay could cause this basket closure to have a loss.

Do you recommend any good broker with cent account and immediate execution?
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 291 KB
  • #917
  • May 7, 2018 4:36pm May 7, 2018 4:36pm
The EA is simply wonderful. I would appreciate the latest version and where to find it. Thank you.
  • #918
  • May 15, 2018 9:08am May 15, 2018 9:08am
my broker charges a commission on top of the spread. I see that the cost of commission is not accounted in the profit calculator of the EA. anybody knows how this can be corrected? Also, are swaps accounted?
very good EA btw
  • #919
  • May 22, 2018 8:13am May 22, 2018 8:13am
Quoting MK.trader
Guys, would like to update, today was a heaven day for the EA, now Growth is 5% in exactly 5 days, Max DD is 2.8% happened only once on 3 may as you will see in myfxbook on 1 May (please press the DRAWDOWN on the top of the chart). Today even with the volatility, DD was well below the 1%. https://www.myfxbook.com/members/MKtrader1/mk11/2510569 I attach a picture also of how beautiful the EA is working. However, question to Lucas, as you know the EA closes at a "net profit" of the basket (either SELL basket or BUY basket), on the demo...

i didn't understand your question , i'm sorry. trades will be closed when the basket profit has been reached.(5 seconds to close a trade? was it during a spike in price?) also i wasn't checking this thread anymore even if i think that eur gbp at 50 pips distance may still be worth trading(max 5 trades (0.12 lots) starting from 0.02 lots. with this strategy.it may not survive brexit types of market though (LOL). i will report back with more results.
  • #920
  • May 22, 2018 8:14am May 22, 2018 8:14am
Quoting Casikeno
The EA is simply wonderful. I would appreciate the latest version and where to find it. Thank you.

latest version is v.13.2, if i'm not wrong , you have to scroll a few pages back
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