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Success with Martingale & Hedge - Possible?

  • #21
  • May 17, 2018 3:43am May 17, 2018 3:43am
Quoting Drolph
Meanwhile I maybe saved KashifNawaz some lifetime by proving the limits of his strategy, even if he is going to be successful live for some time.
It is almost unavoidable with this kind of algo. However, not a deal breaker: The strategy around that fact is to, make money, take out money, and, when the algo burns its stake, one hopefully has drawn more money out of the market already, and simply recharge, repeat.

Btw it is a good robot.
Return To Disorder
  • #22
  • May 17, 2018 3:48am May 17, 2018 3:48am
Quoting rockit
{quote} It is almost unavoidable with this kind of algo. However, not a deal breaker: The strategy around that fact is to make money, take out money, and, when the algo burns its stake, one hopefully has drawn more money out of the market already, and simply recharge, repeat.
Basically true, but in this case there are much better ones out there - take this example I am using live (I have censored name and parameters, as I am not sharing details of my own success):
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 84 KB
  • #23
  • May 17, 2018 3:54am May 17, 2018 3:54am
Quoting Drolph
Basically true, but in this case there are much better ones out there - take this example I am using live
Great, however, still no big difference: It had a large DD (>66%) at some point, meaning that, if you started the test later in time, and the algo had not had the chance to accumulate enough profit, it might have "broke its neck". And that is another point that makes tests unrealistic.
Return To Disorder
  • #24
  • May 17, 2018 3:54am May 17, 2018 3:54am
Quoting Drolph
{quote} Basically true, but in this case there are much better ones out there - take this example I am using live (I have censored name and parameters, as I am not sharing details of my own success): {image}
Lets see it live then on trade explorer or myfxbook.

The problem is too many morons create EA's then hope they will work, rather than having a trading strategy that works in LIVE accounts and then creating an EA.
Too many lazy people think trading will change their world by using an EA.

Why do 95% of trader fail?
1.Because they have bought crap EA's hoping to be the next millionaire.
2. They are lazy
3. both of the above
  • #25
  • May 17, 2018 4:05am May 17, 2018 4:05am
Quoting rockit
{quote} Great, however, still no big difference: It had a large DD (>66%) at some point, meaning that, if you started the test later in time, and the algo had not had the chance to accumulate enough profit, it might have "broke its neck".
I am with you on the fact that martingales ALWAYS are at risk of losing way more than you are able to earn. So they should NEVER be the only bread in the basket!
In this particular example here you should however see the exponential increase of the deposit curve leading to the conclusion, that you have a money management based on equity here. This means DD is equivalent independent of the current equity. But true, it could blow anytime.

The message here is that in contrast to the bot from the thread starter it has a larger potential as it passed the backtest. In other words it emphasizes the "worth" of a good backtest.

Quoting londonboy
{quote} Lets see it live then on trade explorer or myfxbook. The problem is too many morons create EA's then hope they will work, rather than having a trading strategy that works in LIVE accounts and then creating an EA. Too many lazy people think trading will change their world by using an EA. Why do 95% of trader fail? 1.Because they have bought crap EA's hoping to be the next millionaire. 2. They are lazy 3. both of the above
https://www.forexfactory.com/showthr...3#post10916513

PS: No, I am not sharing a live explorer as I do not intend to make analysing any details of my used strategies possible. If you still keep on hating, I do not care. We are getting far too offtopic here anyway.
  • #26
  • May 17, 2018 4:52am May 17, 2018 4:52am
i ran it on demo account for forward test but still didnt open any trade ....
  • #27
  • May 17, 2018 5:18am May 17, 2018 5:18am
Quoting KashifNawaz
Hundreds of threads on the same topic, thousands of posts and millions of discussions here on FF and lot of experts had already proved many times that Martingale, Grid and Hedge systems will never work in the long run unless one has huge capital in his bank. But still, there are many traders (maybe day-dreamers ) who believe that these systems can work in reality even with low capital and proper Money Management. Possible? Well, I am one of those day-dreamers who believe this is possible despite already lost so much money in this. We all...
I am also a very big Martingale Grid Fan but my advice to you is to run such EAs on Cent Accounts because we know and understand the risk involved. Also this 30 Euros you using is too small man, why can't you just scale up your $30 to 3000 USCents because will have reasonable equity?


Thanks
AutoT
Don't Be A Hard Worker, Be A Smart Worker
  • #28
  • May 17, 2018 5:54am May 17, 2018 5:54am
Quoting carddard
Good luck my friend. Will be here to observe how this pans out.
Thanks Mate. Will expect your feedback as well. Did you tested this?

Quoting Ezios
Can this ea go only in backtest or it runs in every demo/real account? and it has expiry date? and what tf and pair suggested? thanks.
You can back test this, use it on demo or real (at your own risk).
Currently target is EURUSD only, later USDJPY and AUDUSD. You can chose any TF (martingale doesn't rely on time frames)
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  • #29
  • Edited 6:40am May 17, 2018 5:59am | Edited 6:40am
Quoting Drolph
{quote} Bullshit! Demotrading is for losers! Just because the default MT4 backtesting is crap it does not mean backtesting is useless. It is as always: you get what you pay for! You will get the best possible result by using (paid) tickdata enhancements including slippage simulation and historical data based on real spreads. Of course the spread values depend on the broker you are receiving the tickdata from, but it is a large step forward. THIS way you get a way better result and impression than wasting time on demo, as you wont get realistic execution...
Thanks for your detailed response mate and time for back testing this. I don't know what went wrong here. I also downloaded tick data using reputable source. Lets see, what other users get. May I know, what is leverage of your account?

Whether BT works or not, I am big fan of BT now, it gives us the first glimpse either any strategy will work or not.
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  • #30
  • May 17, 2018 6:06am May 17, 2018 6:06am
Quoting Drolph
{quote} Meanwhile I maybe saved KashifNawaz some lifetime by proving the limits of his strategy, even if he is going to be successful live for some time.
Thanks mate. Yes I am aware, luck is also part of every martingale EA. It can be stopped out 1st day or 501st day. :-)


Quoting rockit
{quote} That is certainly not true in one case: If your strategy works not in the tester, it is highly unlikely it will work in reality..
Agree. Back testing is the first test for any strategy to pass.

Quoting rockit
{quote} It is almost unavoidable with this kind of algo. However, not a deal breaker: The strategy around that fact is to, make money, take out money, and, when the algo burns its stake, one hopefully has drawn more money out of the market already, and simply recharge, repeat. Btw it is a good robot.
Agree... there should be monthly withdrawal from every martingale account. Thanks for liking the robot. What was your results?
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  • #31
  • May 17, 2018 6:11am May 17, 2018 6:11am
Quoting KashifNawaz
{quote} I do agree, 30 Euro on Real Account will have more thrill than 3000 Euro on demo. I have stopped the demo VPS. I have deposited 30 Euro in Real Micro Account and will post the link soon.
Sorry to inform but 30 Euro micro account didn't work. To stimulate 3000 Euro, I needed minimum lot of 0.01 but my broker is offering only 0.1 minimum on micro accounts. In that case, I need to deposit 300 Euro to stimulate 3000 Euro of standard. So back to Demo for a while and will go live with standard account soon. (maybe after testing of 2 months)

Quoting Drolph
{quote} Basically true, but in this case there are much better ones out there - take this example I am using live (I have censored name and parameters, as I am not sharing details of my own success): {image}

Congratz for your success friend. Just to confirm, is this also martingale, grid or hedge strategy?
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  • #32
  • May 17, 2018 6:20am May 17, 2018 6:20am
Quoting 5aztv88
i ran it on demo account for forward test but still didnt open any trade ....
What is the spread of your broker? On what pair you tested? Any error in Expert Tab?

Quoting AutoT
{quote} I am also a very big Martingale Grid Fan but my advice to you is to run such EAs on Cent Accounts because we know and understand the risk involved. Also this 30 Euros you using is too small man, why can't you just scale up your $30 to 3000 USCents because will have reasonable equity? Thanks AutoT
As mentioned above, I deposited 30 Euro in micro account so it was equal to 3000 Euro but as per broker policy, minimum lot is 0.1 on micro account. Thanks for your feedback. I made this strategy based on same thoughts, less greed, play safe.
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  • #33
  • May 17, 2018 6:43am May 17, 2018 6:43am
Quoting KashifNawaz
{quote} What is the spread of your broker? On what pair you tested? Any error in Expert Tab? {quote} As mentioned above, I deposited 30 Euro in micro account so it was equal to 3000 Euro but as per broker policy, minimum lot is 0.1 on micro account. Thanks for your feedback. I made this strategy based on same thoughts, less greed, play safe.
Ok, switch to Cent Accounts. Minimum is 0.01
Don't Be A Hard Worker, Be A Smart Worker
  • #34
  • May 17, 2018 6:48am May 17, 2018 6:48am
Quoting AutoT
{quote} Ok, switch to Cent Accounts. Minimum is 0.01
Bro, Cent and micro account are same. My broker doesn't offer 0.01 on cent or micro account. Can you please let me know any good broker which offers zero hedge margin, swap-free, commission-free account and cent account with 0.01 lot?
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  • #35
  • May 17, 2018 7:10am May 17, 2018 7:10am
Quoting KashifNawaz
{quote} What is the spread of your broker? On what pair you tested? Any error in Expert Tab? {quote}

on eurusd , spread 1 , m1-m15-h1-...
didnt worked at all
  • #36
  • May 17, 2018 7:35am May 17, 2018 7:35am
Quoting 5aztv88
{quote} on eurusd , spread 1 , m1-m15-h1-... didnt worked at all
I am with FBS, FXTM and Exness
Don't Be A Hard Worker, Be A Smart Worker
  • #37
  • May 17, 2018 8:02am May 17, 2018 8:02am
Quoting 5aztv88
{quote} on eurusd , spread 1 , m1-m15-h1-... didnt worked at all
Kindly check your expert tab, there must be some error. Or share screen shot of Expert Tab...
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  • #38
  • May 17, 2018 8:38am May 17, 2018 8:38am
thanks KashifNawaz for your wonderful idea
keep going!
  • #39
  • May 17, 2018 9:11am May 17, 2018 9:11am
I have updated the first post, added few paragraphs; kindly read, back test this EA with visuals on EURUSD and give your suggestions;

* What could be the best setting for Engine 2?
* Any new parameter required?
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  • #40
  • May 17, 2018 11:05am May 17, 2018 11:05am
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