"Little Martingale EA" 2, continuation thread | Forex Factory

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"Little Martingale EA" 2, continuation thread

  • #1
  • First Post: Edited Aug 10, 2018 4:05am Jul 13, 2018 6:00am | Edited Aug 10, 2018 4:05am
Apparently the creator of an EA that it was shared in this forum over a year ago decided to cut off and/or lock his thread without giving any notice. it is fine , but this is Forex Factory and at the end we are to analyse, test and discuss different systems. I'm not the owner or creator of this system and i dont want to seem as if i want to make it "mine" . I just propose to continue the thread originally started here:

https://www.forexfactory.com/showthread.php
?t=664728

if you don't want it's ok, we will decide that

i hope this would not be considered a lack of respect towards his original creator.

myfxbook link:

https://www.myfxbook.com/members/luca1073
/mt4-975888/2545413

i will attach the bug free improved EA with its source code of this EA for you to improve(if
needed) or test the version i'm using. After several live and demo tests i have decided to
trade this only using eur gbp but you can use
it on any pair but it is not advisable on trendy
pairs, that would be very risky. you can check the previous thread if you wish. i cannot
upload setfiles here (but later i may upload screenshots if you wish) so please refer for now to the screenshots of the original thread(last pages/posts)
Attached File(s)
File Type: mq4 eur gbp ranger ex Little Martingale V1.131.mq4   32 KB | 5,026 downloads
  • #2
  • Jul 13, 2018 6:34am Jul 13, 2018 6:34am
Thanks!
  • #3
  • Jul 13, 2018 2:14pm Jul 13, 2018 2:14pm
Stats from myfxbook look really good, but I dont trust martingale systems... they are just predestined to fail. Be carefull.
  • #4
  • Edited Jul 14, 2018 4:44am Jul 13, 2018 5:43pm | Edited Jul 14, 2018 4:44am
Quoting imadead
Stats from myfxbook look really good, but I dont trust martingale systems... they are just predestined to fail. Be carefull.
Yesi i know martingale term evokes big "No" in everybody. This is not with multiplier x 2 but it is always a type of martingale. I don't usually trust backtests (and this is no exception) but just for the record an account of 1000 euros and 100 pips distance between orders suvives brexit and the october pound flash crash . The settings that i use (50 pips between orders) and max 5 orders starting from 0.02 lots survived "everything but not brexit" but its more profitable than the 100 pips distance orders that accumulate a lot of swap fees and take time to close the basket. I still think 50 pips is better but eur gbp seems the best with the second place taken only by eur usd
  • #5
  • Jul 13, 2018 6:57pm Jul 13, 2018 6:57pm
I loved luca1073 that you try to revive Little Martingale EA and that among the whole community we can continue to improve this EA, personally I like EA matingale however I am also very careful with these. I suscribe.
  • #6
  • Jul 14, 2018 1:39am Jul 14, 2018 1:39am
Pretty cool thread! I like how you consistently withdraw your earnings
  • #7
  • Jul 14, 2018 4:49am Jul 14, 2018 4:49am
Thanks for the encouragement guys here i copy/paste the post from the other thread where i explain my settings for the eur gbp:


these are my settings, see screesnhots , in case you want to trade my strategy and put more eur gbp charts don't forget to change the magic number in the inputs when it says "magic buy" and "magic sell" for the first chart i use 1 and 2 (default), for the second chart 3 and 4 and so on.....i use 1 minute chart and open on new candle to false but if you want to use the feature "open on new candle" to "true" i advice you to use maybe 15 minute timeframe. this feature only saves you from big sudden movements (market crashes or major news (such as interest rate decisions or trump tweets lol) in my opinion but not much else. it may also screw up the grid a little bit(because orders will not be at exactly 50 pips) but it might be safer.

screesnhot 1 is for settings, screenshot 2 is the rest of the settings because they didn't fit in 1 file but aside from the magic number in screenshot 2 everything has been left as "default"

ideally at the start the eur gbp charts should be put to trade at a different price level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (802).png Size: 154 KB
Click to Enlarge Name: Screenshot (803).png Size: 151 KB
  • #8
  • Jul 14, 2018 6:06am Jul 14, 2018 6:06am
apparently somebody had thought about this exact system years ago and wrote about it here:

https://www.mql5.com/en/forum/179030

there is a post where a user even says , use eur gbp, and multiplier 1.5 instead of 2 and tp 50 lol

-----------------------

an issue that has to be solved beforehand(for the rainy days) is what to do when a price gets too far from the last trade (0.12 lot in my case as is use max 5 trades starting from 0.02). many people tell me you should hedge at that point. do you think i should wait 50 pip distance from the 0.12 lot gone wrong or what? thats why i reopened this thread. to gather ideas too
  • #9
  • Jul 16, 2018 10:49am Jul 16, 2018 10:49am
I am running the ea in my live account with 4 charts and all 4 are in profit for now... but everyone
knows the point: the ea will work fine till market is ranging and retracing.
When the price goes only in a direction without retrace or little bit retrace the ea will
go deep drawdown and we will chose to close all or edge. so my idea:
to introduce a new option: antimrtingale. when the ea finds the trend it continues to
trade martingale not against the trend but following the trend. so for example if the
price is goind down the ea must to sell first 0.02 then 0.03 then 0.05 then 0.08 .....
but this will be with the fixed take profit and every step must be computed in base of atr.
if someone wil be able to code this i think the ea will be perferc because
if market retraces behave normal way if market trends behave anti martingale.
what do you think about it?????
  • #10
  • Jul 16, 2018 10:57am Jul 16, 2018 10:57am
Quoting Ezios
I am running the ea in my live account with 4 charts and all 4 are in profit for now... but everyone knows the point: the ea will work fine till market is ranging and retracing. When the price goes only in a direction without retrace or little bit retrace the ea will go deep drawdown and we will chose to close all or edge. so my idea: to introduce a new option: antimrtingale. when the ea finds the trend it continues to trade martingale not against the trend but following the trend. so for example if the price is goind down the ea must to sell first...
Please define "trading with the trend" and "against the trend". I think this is the key point.
  • #11
  • Jul 19, 2018 2:00am Jul 19, 2018 2:00am
Quoting luca1073
Apparently the creator of an EA he shared over a year ago decided to cut off and/or lock his thread without giving any notice. it is fine , but this is Forex Factory and at the end we are to analyse, test and discuss different systems. I'm not the owner or creator of this system and i dont want to seem as if i want to make it "mine" . I just propose to continue the thread originally started here: https://www.forexfactory.com/showthread.php ?t=664728...
Hi, after compile I got 9 warnings. Can I get some trouble?
  • #12
  • Jul 19, 2018 3:45am Jul 19, 2018 3:45am
Here is my test result from a demo Acc.

Pairs: EURNZD, AUSUSD, EURGBP
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-07-19 10_37_56-UnNom Jun18 IC _ Myfxbook – Opera.jpg Size: 69 KB


previously tested in the month of June with EURNZD and AUDUSD: + 23% DD: 12%

Looks pretty good
  • #13
  • Jul 19, 2018 3:48am Jul 19, 2018 3:48am
Quoting Meta1
{quote} Hi, after compile I got 9 warnings. Can I get some trouble?
Nope: they are small omissions that do not cause any problem. In any case I'll attach the original source UnNomGuaiV1.131.mq4 (from which the EA attached to the first post is derived, excuse me Luca) in which the warnings have been corrected.

Also, because I love a summary panel but I do not want the screen to be almost completely covered by it, I have reduced the size of the panel, leaving the original code commented.

Just make a comparison between the two files using any text editor (Notepad ++ is able to do that) to realize that they are identical (apart from the changes).

I want to thank Luca for revisiting this EA and I would like to suggest to Lele27, (who in the original thread suggested the use of a hedging as partial protection against the DD - please see here) , to join this thread and to better explain his hedging strategy. Unfortunately, his explanations, probably due to the use of an automatic translator, is rather obscure. He could also do it privately in Italian (which seems to me to be his original language).

skipper
Attached File(s)
File Type: mq4 UnNomGuaiV1.131.mq4   32 KB | 1,940 downloads
  • #14
  • Jul 19, 2018 4:52am Jul 19, 2018 4:52am
Quoting skipperxit
{quote} Nope: they are small omissions that do not cause any problem. In any case I'll attach the original source UnNomGuaiV1.131.mq4 (from which the EA attached to the first post is derived, excuse me Luca) in which the warnings have been corrected. Also, because I love a summary panel but I do not want the screen to be almost completely covered by it, I have reduced
the size of the panel, leaving the original
code commented. Just make a comparison
between the two files using any text editor
(Notepad ++ is able to do that) to realize
that they...
thanks skipper i didnt know there was a correct version of v13.1 i also dont like the big panel but for now i dont feel like changing it in my live account to avoid possible issues with the trading
  • #15
  • Jul 19, 2018 5:02am Jul 19, 2018 5:02am
Hi Luca,

I just fixed it after downloading from the original thread suggested by you. I understand your fears deriving from stopping and changing the running EA. You could do that when a cycle will fully closed using the same settings of your runing ea. Please backtest first the "fixed" one, just to be sure that you are getting the same results.
  • #16
  • Jul 19, 2018 9:43am Jul 19, 2018 9:43am
Quoting skipperxit
Hi Luca, I just fixed it after downloading from the original thread suggested by you. I understand your fears deriving from stopping and changing the running EA. You could do that when a cycle will fully closed using the same settings of your runing ea. Please backtest first the "fixed" one, just to be sure that you are getting the same results.
fixing the warnings its a good thing for the panel I saw in the code some variables input as
fontsize fontname and xand y distance. i thought they were used to size the panell....
anyway thats not very important about the logic of the ea. I am implementing spacing between trades
based on atr calculation and atr percentage. the result for now not very different from the original buty i
am backtesting only in eurusd. i am testing the filter cci and start and end time of trading. we will
see....
  • #17
  • Jul 19, 2018 12:39pm Jul 19, 2018 12:39pm
@ezios

You are partially right. fontName and fontsize impact the overall width of the panel. But since the width was fixed at 700px, using a font with size 30 (for people with serious vision problems ) the panel would not have been resized anyway. I preferred to use the maximum width needed to host information using the defaut font.
There is no reason to change the Courier (non-proportional font) with a proportional font: the alignment of the information would be lost
DisplayX and DisplayY are the distances from the left margin and from the top where the information appears: why waste 50pix when 10 are enough?
As I said, the changes I made are reversible: just compare the code. The original code is still present but commented.

If I remember correctly, the filter CCI was implemented and working on UnNomGuaiV1.132.mq4. Please check the original thread. I used the UnNomGuaiV1.131.mq4 because was the one proposed by Luca and, in my opinion, the CCI filter do not add any edge to the strategy
skipper
  • #18
  • Jul 19, 2018 5:24pm Jul 19, 2018 5:24pm
Quoting skipperxit
@ezios You are partially right. fontName and fontsize impact the overall width of the panel. But since the width was fixed at 700px, using a font with size 30 (for people with serious vision problems ) the panel would not have been resized anyway. I preferred to use the maximum width needed to host information using the defaut font. There is no reason to change the Courier (non-proportional font) with a proportional font: the alignment of the information would be lost DisplayX and DisplayY are the distances from the left margin and from...
filter cci is in 'c6' section. it affects firebuy and firesell when the ea go for the first order.
it is no edgint it is only chose wen to buy or to sell.
  • #19
  • Jul 19, 2018 9:37pm Jul 19, 2018 9:37pm
You are right. I'm following so many threads that I got confused. Because I don't use it for the reasons I said (very personal opinion) i didn't check the code.
  • #20
  • Jul 19, 2018 10:10pm Jul 19, 2018 10:10pm
Quoting skipperxit
You are right. I'm following so many threads that I got confused. Because I don't use it for the reasons I said (very personal opinion) i didn't check the code.
anyway... we can add an edging parameter section _c8? -c9?
int edgetrades=5 when there are for examples 5 buys and 0 sells active or
5 sell and 0 buys active... and double edgesize the size of the drawdown
for example when there are 5 sells active and 0 buys and 300 eur dd we fire the
opposite lotsize edge... its an idea. what y ou think about it?
int edgetrades=5
double edgesize=300
but we must to think about what to do then with the edged operation.
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