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Success with Martingale & Hedge - Possible?

  • #61
  • May 19, 2018 11:18am May 19, 2018 11:18am
Quoting mercilez
since you have the effort to make and modify / create a mart ea so i just gonna share my thoughts, not 100% correct just my personal view dont be offended in any way please.
Welcome brother, thanks for giving your time to share your thoughts.

Quoting mercilez
1. a long trending wave will blow the account - so we have to find a filter somehow on the entry condition, your ea is without one clearly. and that is dangerous.
Brother, I agree to some extent but I have tried lot of martingale EA with very wise Entry mode. Even one has 17 indicators, once all aligned, it will make entry, or entry based on famous TMS system but still no one cannot avoid spike. Only difference is, they will have less entries and less profits.

Quoting mercilez
2. a blackswan / huge spike will blow the account - CHF spike few years back should be a clear example. a filter to skip those event, like spread check and bar pips range / ATR / ADR some sort is needed.
I don't know if any indicator can help us to avoid such events while back testing but in forward testing and live trading, Rule number 1 of every martingale EA is to Avoid Major Red News. You cannot survive without that.

Quoting mercilez
3. Money management - this maybe the most crucial part of this mart system, we need to know how much maximum risk to involve with the capital on hand. A 1000usd account and a 10000 account is different, the latter should sail thru most market conditions with proper settings, thus making mart a working robot in 99% market condition.

Money management is included in this EA. Enter maximum amount in $ which you can afford to lose. Once floating loss will be equal to that, EA will lock total trades and will stop trading any further. For example, if account locking is set to 1000$, as soon as floating balance will reach -1000$, EA will open a single hedge trade against all open trades and will lock the account for further losses. Now if you know manual trading, you can still get back your money, if not then close all open trades.

Quoting mercilez
to my understanding , a mart system can work with some manual intervention and monitoring, like deciding the direction of pairs in big timeframe Daily / weekly and only trade one way for example, closing / hedging opening when Mart gets to dangerous step.
With due respect, no one can predict intraday direction of price by analyzing daily, weekly monthly charts. Yes do agree that manual interruption is must for all martingale EA's and also monthly withdrawals. First goal of any martingale EA is to earn your deposits and withdraw and then play with profits.

Thanks again for your feedback. Will expect your contribution in this regard. Thanks
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  • #62
  • May 21, 2018 10:58pm May 21, 2018 10:58pm
While waiting for my flight today, I took some time to study your Excel sheet but did not get a chance to look at it in detail in the strategy tester yet. But I get the idea of what you wish to achieve. PM me. Let me throw in some extra engines and see if this flies.
  • #63
  • May 22, 2018 2:38am May 22, 2018 2:38am
This is Bad EA, I test on demo account and all losses
  • #64
  • Edited 4:28am May 22, 2018 2:54am | Edited 4:28am
Quoting martinyan
This is Bad EA, I test on demo account and all losses
Thanks for your feedback and for testing. Can you please share your results;

What pair you used? What setting? How much initial deposit? Is your broker hedge friendly?

This EA is running on DEMO VPS since 1 week only and results are not bad so far. :-) You can visit TE attached below or myfxbook link in first post.

Quoting carddard
While waiting for my flight today, I took some time to study your Excel sheet but did not get a chance to look at it in detail in the strategy tester yet. But I get the idea of what you wish to achieve. PM me. Let me throw in some extra engines and see if this flies.
Thanks mate for your time. Please check my email.
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  • #65
  • May 24, 2018 3:12am May 24, 2018 3:12am
I have explained here, how I got these BT results. Wonder why no one else got the same results. Maybe I am doing something wrong.
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  • #66
  • May 24, 2018 4:13am May 24, 2018 4:13am
Quoting KashifNawaz
I have explained here, how I got these BT results. Wonder why no one else got the same results. Maybe I am doing something wrong.
I cannot recommend tickstory. First the usability is pretty uncomfortable. Furthermore there is no slippagesimulation available. Finally I somehow had strange results using their tickdata. Based on my experience, Tick Data Suite is the only reliable Tickdata option for MT4 out there (and of course much more expensive). That's why my Tickdata backtest shows a more reliastic picture of your EA performance than yours.
  • #67
  • May 24, 2018 1:19pm May 24, 2018 1:19pm
I tried backtesting it on GBPJPY H1 and the results were quite baffling.... especially since it uses Martingale. I am yet to try it on other pairs and time frames but so far soo good. Thanks for the share.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TICK DATA GRAPH.PNG Size: 19 KB
Click to Enlarge Name: TICK DATA.PNG Size: 21 KB
  • #68
  • May 24, 2018 1:46pm May 24, 2018 1:46pm
Quoting Sammysams
I tried backtesting it on GBPJPY H1 and the results were quite baffling.... especially since it uses Martingale. I am yet to try it on other pairs and time frames but so far soo good. Thanks for the share. {image} {image}
Thanks friend for giving some time to back test this EA. However you need to download better tick data to get quality results (near to real). Moreover kindly share date range and account leverage you used. Thanks
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  • #69
  • May 24, 2018 2:27pm May 24, 2018 2:27pm
Quoting KashifNawaz
{quote} Thanks friend for giving some time to back test this EA. However you need to download better tick data to get quality results (near to real). Moreover kindly share date range and account leverage you used. Thanks
Bro Kashif, What about testing it on less trendy pairs like EURCHF?
Forex; the game of movements not the game of candles.
  • #70
  • May 24, 2018 3:28pm May 24, 2018 3:28pm
Make all trades to be a basket and close them all when profit target has been reached. Include option to add new non martingale trades to the winning side and set limit to how many martingale trades can be opened.
  • #71
  • May 25, 2018 2:08am May 25, 2018 2:08am
Quoting Sajid
{quote} Bro Kashif, What about testing it on less trendy pairs like EURCHF?
So far, I am testing this on EURUSD, GBPUSD and USDJPY. Will try on other pairs as well at later stages. Meanwhile members can help to test this EA on other pairs to find the best suitable one whose price pattern contributes to EA success.

Quoting TraderTero
Make all trades to be a basket and close them all when profit target has been reached. Include option to add new non martingale trades to the winning side and set limit to how many martingale trades can be opened.
Thanks for your suggestions, I am working on few ideas, replacing engine 2, adding 2 more engines and new parameters.
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  • #72
  • May 25, 2018 2:21am May 25, 2018 2:21am
Here is a backtest of a similar martingale ea which uses basket TP to close all trades. However, it does not have the option to add non martingale trades to profitable side and it has also some other flaws:

Attached Image (click to enlarge)
Click to Enlarge Name: mgea1.JPG Size: 111 KB

Attached Image (click to enlarge)
Click to Enlarge Name: mgea2.JPG Size: 109 KB
  • #73
  • May 25, 2018 2:28am May 25, 2018 2:28am
Quoting TraderTero
Here is a backtest of a similar martingale ea which uses basket TP to close all trades. However, it does not have the option to add non martingale trades to profitable side and it has also some other flaws: {image} {image}
How did you reached 99.9% quality?
I tried and tried but getting just green + n/a
  • #74
  • May 25, 2018 2:49am May 25, 2018 2:49am
Quoting Merka
{quote} How did you reached 99.9% quality? I tried and tried but getting just green + n/a
Please see: https://forums.babypips.com/t/how-i-...y-on-mt4/64592
  • #75
  • May 25, 2018 2:56am May 25, 2018 2:56am
Quoting TraderTero
{quote} Please see: https://forums.babypips.com/t/how-i-...y-on-mt4/64592
I already followed the instructions from that link but me and also KashifNawaz are unable to have all green + 99.9% modeling quality written.
  • #76
  • May 25, 2018 3:00am May 25, 2018 3:00am
Quoting Merka
{quote} I already followed the instructions from that link but me and also KashifNawaz are unable to have all green + 99.9% modeling quality written.
You should actually use: https://eareview.net/downloads
  • #77
  • May 25, 2018 3:06am May 25, 2018 3:06am
Quoting TraderTero
{quote} You should actually use: https://eareview.net/downloads
Thanks
I didn't tried Tick data suite. I will try
  • #78
  • May 25, 2018 5:04am May 25, 2018 5:04am
Quoting Merka
{quote} Thanks I didn't tried Tick data suite. I will try
Merka, as mentioned by Drolph above, Tick Data Suite is much better compare to Tickstory because later one, don't use variable spreads and also don't consider slippage. That is why, results of Tickstory are much better compare to TDS. But Tick Data suite is expensive one.

IMO, data for tickstory is enough to get a glimpse of EA performance. Slippage you can add in spread (lets say your broker's spread is 1.7, add 1.5 more for slippage and test with 32 points spread in tester.

On another note, as senior members revealed in my other thread that Back testing has not so much value, I will reduce my efforts on BT. Rather I will BT any EA once via Tickstory and go live with micro/cent account.
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  • #79
  • May 29, 2018 8:30am May 29, 2018 8:30am
hi.. can i have ur full version this ea?
  • #80
  • May 29, 2018 11:19am May 29, 2018 11:19am
Quoting rinabanat
hi.. can i have ur full version this ea?
Hello Friend,
Just PM me your account number and email ID, I will send you. But please don't try this on real account. A newer version for real accounts will be uploaded soon here.
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