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Success with Martingale & Hedge - Possible?

  • #101
  • Jun 1, 2018 8:35am Jun 1, 2018 8:35am
Quoting rinabanat
i think u should put max open lot..
Can you please further explain? Means EA should use higher lots so that it should blow the account within minutes?
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  • #102
  • Jun 1, 2018 8:44am Jun 1, 2018 8:44am
Usually this type of Ea's have Max trades = the maximum number of trades which can be opened to one side and Max Lots = the biggest lot size allowed. Once the limit has been reached, the EA keeps opening the highest lots specified, thus limiting the risk.
  • #103
  • Jun 1, 2018 11:04am Jun 1, 2018 11:04am
Quoting KashifNawaz
{quote} Can you please further explain? Means EA should use higher lots so that it should blow the account within minutes?
I think he meant the max lot size , maybe?
Anyways goodluck on your EA, tested it today and just reach 1k profit in a few hours xD
Now waiting for next week to test it again to check for its consistency .
I believe in this EA
  • #104
  • Jun 1, 2018 11:33am Jun 1, 2018 11:33am
Quoting TraderTero
Usually this type of Ea's have Max trades = the maximum number of trades which can be opened to one side and Max Lots = the biggest lot size allowed. Once the limit has been reached, the EA keeps opening the highest lots specified, thus limiting the risk.
Parameter for Max Lot size is already there for both engines. We cannot set maximum trades for one side because then we cannot go with flow and floating loss will be out of control. There must be high lot trade near to current price ready to catch retracement.

For limiting the risk, you can add maximum amount in account locking setting. If you are good in manual trading, then you can remove that lock at breakeven or less loss.

Quoting itsshark
{quote} I think he meant the max lot size , maybe? Anyways goodluck on your EA, tested it today and just reach 1k profit in a few hours xD Now waiting for next week to test it again to check for its consistency . I believe in this EA

Please read the first post, its updated. There are instructions if you want to go live with this at your own risk.

To earn $1000 in few hours, you need to use high risky setting, higher lot size and multi pairs (not recommended at all)
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  • #105
  • Jun 1, 2018 11:47am Jun 1, 2018 11:47am
Quoting KashifNawaz
{quote} Parameter for Max Lot size is already there for both engines. We cannot set maximum trades for one side because then we cannot go with flow and floating loss will be out of control. There must be high lot trade near to current price ready to catch retracement. For limiting the risk, you can add maximum amount in account locking setting. If you are good in manual trading, then you can remove that lock at breakeven or less loss. {quote} Please read the first post, its updated. There are instructions if you want to go live with this at your...
Okay thanks for the update will check it out
  • #106
  • Edited 3:11am Jun 2, 2018 3:00am | Edited 3:11am
Quoting KashifNawaz
Quote
Parameter for Max Lot size is already there for both engines. We cannot set maximum trades for one side because then we cannot go with flow and floating loss will be out of control. There must be high lot trade near to current price ready to catch retracement. For limiting the risk, you can add maximum amount in account locking setting. If you are good in manual trading, then you can remove that lock at breakeven or less loss.
Quote
Please read the first post, its updated. There are instructions if you want to go live with this at your
...
This is nice. Somebody that have guts in these bad-spoken-infamous-strategy type.

I am going to see this goes where. Keep it up though.
  • #107
  • Jun 2, 2018 12:23pm Jun 2, 2018 12:23pm
Quoting KashifNawaz
{quote} Can you please further explain? Means EA should use higher lots so that it should blow the account within minutes?
i dont know how to explain it.. but, last day trade, this ea open to many layer.. about 1-2pips per layer even i set distance 10pips. and... almost blow my acc...

maybe u can add some features to counter the madness of martingale..
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  • #108
  • Jun 2, 2018 1:20pm Jun 2, 2018 1:20pm
Quoting rinabanat
{quote} i dont know how to explain it.. but, last day trade, this ea open to many layer.. about 1-2pips per layer even i set distance 10pips. and... almost blow my acc... maybe u can add some features to counter the madness of martingale.. {image}
I didn't tried this EA in micro/cent account. Other than grid distance, what changes you made in the setting?
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  • #109
  • Jun 3, 2018 1:02am Jun 3, 2018 1:02am
Quoting rinabanat
{quote} i dont know how to explain it.. but, last day trade, this ea open to many layer.. about 1-2pips per layer even i set distance 10pips. and... almost blow my acc... maybe u can add some features to counter the madness of martingale.. {image}
I've tried EA and i think if you use higher time frame it doesn't happen. i use h1 timeframe and there just one or 2 open trades.
just run EA on higher Time frame and see what will happen...
  • #110
  • Jun 3, 2018 11:06am Jun 3, 2018 11:06am
Quoting hamidesigner
{quote} I've tried EA and i think if you use higher time frame it doesn't happen. i use h1 timeframe and there just one or 2 open trades. just run EA on higher Time frame and see what will happen...
This EA works based on grid distance; selection of time frames doesn't matter at all. I think he had made changes in settings or broker's spread is too high.
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  • #111
  • Jun 3, 2018 11:19am Jun 3, 2018 11:19am
Time frame matters for grid system especially on a trending market make big moves. If the currency moves 100 pips in 60 minutes, trading on 5 minutes timeframe, a 100 pips move could mean 12 orders filled, MC an account in an hour very likely, but if trade on 60M chart, only one order is executed.
Quoting KashifNawaz
{quote} This EA works based on grid distance; selection of time frames doesn't matter at all. I think he had made changes in settings or broker's spread is too high.
  • #112
  • Jun 3, 2018 11:28am Jun 3, 2018 11:28am
Quoting gem.stocks
Time frame matters for grid system especially on a trending market make big moves. If the currency moves 100 pips in 60 minutes, trading on 5 minutes timeframe, a 100 pips move could mean 12 orders filled, MC an account in an hour very likely, but if trade on 60M chart, only one order is executed. {quote}
Dear friend, I am talking about current EA posted in 1st post. Its works same in all TF's. Just back test this with visuals and you will see with your naked eyes.
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  • #113
  • Jun 3, 2018 11:29am Jun 3, 2018 11:29am
Quoting KashifNawaz
{quote} This EA works based on grid distance; selection of time frames doesn't matter at all. I think he had made changes in settings or broker's spread is too high.
Yes you are right . i think the problem is because of Grid distance Value.
  • #114
  • Jun 3, 2018 12:39pm Jun 3, 2018 12:39pm
Couple things to consider, which need to be adaptable to whatever the market is doing at that moment, especially using a GRID/Hedging Strategy.
The biggest drivers of a GRID system are the GRID itself, the TP points, Breakeven device, and of course the hedging aggressiveness. I will do each explanation in the posts that follow.

I have looked over this GRID system previously and won't use it at this time because of this exact reason. I'm an avid hedge trader who has a fairly power device for the manual GRID/ Hedge trading (5% manual - 95% auto), so hopefully my input can help.

Now how can the EA adapt to what I listed above?

Stay Tuned!
Learn, a forex trader must, unlearn and relearn he will.
  • #115
  • Jun 3, 2018 12:58pm Jun 3, 2018 12:58pm
You SAID 'Selection of time frame doesn't matter al all'. It matters a LOT and applies to ANY EA system not just Grid system..
Quoting KashifNawaz
{quote} Dear friend, I am talking about current EA posted in 1st post. Its works same in all TF's. Just back test this with visuals and you will see with your naked eyes.
  • #116
  • Jun 3, 2018 9:30pm Jun 3, 2018 9:30pm
The GRID:

Grid systems thrive on price volatility, but when the market trends and trends hard the GRID system will fail time and time again. Hence why the markets refusal to venture down the GRID path. So how then can a GRID system overcome this?

Simple increase the GRID steps, well why not 300, 500, 800 etc? Easy because you would make 10$ a week. So how then can the GRID adapt to the markets movement? One concept is using a low value ATR for determining the percentiles of the market, you would want your GRID to be above the 50th percentile, for example using ATR input of 1. This ensure the GRID is prepared for large price spikes.

For a GRID system to adapt it must look at price movement over time, having a set GRID that can work it must adapt to the markets current conditions. 2 factors which need to be considered when using the GRID, the multiplier and the GRID distance combined. As price moves further away from the entry the GRID must recognize this. ATR's percentiles do just that. By using a low setting on ATR ( I use 1), the ATR will give us an indication of prices aggressiveness. When price moves aggressively against us the Multiplier must drop and the step must be increased until price has reached an area of consolidation. As well the GRID needs to have a number of GRID zones example:

First 7 orders 200
After order 7 GRID drops to 50

Then the TP drops to a low value the idea being the GRID is looking to breakeven. Now that the GRID steps have increased the multiplier lowered and the TP reduced. The GRId has a much higher probability of survival as price moves further against the current price.

This is a very important concept with GRID trading, where after "x" orders the Ea must find away to breakeven. But to take it further joining in on the TREND.

More to come.
Learn, a forex trader must, unlearn and relearn he will.
  • #117
  • Jun 4, 2018 2:51am Jun 4, 2018 2:51am
"timmy" is somebody who traded grids for years.
but going with the trend with stop orders, but no multipliers or hedging.
his yearly return was between 25-50%, the average being 35%.
he explains how he trades in the thread Piggy in the Middle or something like that for anybody interested.
  • #118
  • Edited 5:51am Jun 4, 2018 2:56am | Edited 5:51am
i think it is better to add minimum gap on this case. dear admin, i hope you can provide me the new version of the ea for improving the engine and lesser drawdown. i have sent you an email from { email address deleted by staff }. i am also a fans of grid ea
  • #119
  • Jun 5, 2018 8:00am Jun 5, 2018 8:00am
Quoting COGSx86
The GRID: Grid systems thrive on price volatility, but when the market trends and trends hard the GRID system will fail time and time again. Hence why the markets refusal to venture down the GRID path. So how then can a GRID system overcome this? Simple increase the GRID steps, well why not 300, 500, 800 etc? Easy because you would make 10$ a week. So how then can the GRID adapt to the markets movement? One concept is using a low value ATR for determining the percentiles of the market, you would want your GRID to be above the 50th percentile, for...
could you explain grid distance/multiplier/ATR/TP etc a bit further?
so price is 1.1500: sell 1 lot 1.1500, sell x lot 1.1700, sell y lot 1.1900 etc.?
  • #120
  • Jun 5, 2018 11:06pm Jun 5, 2018 11:06pm
interested,
i love trading with no indicator, thus, this is what i search
that can combined martingale between grid and hedging
but can you share source mq4 file, and then can take more profits from trading
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