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"Little Martingale EA" 2, continuation thread

  • #21
  • Jul 20, 2018 1:41am Jul 20, 2018 1:41am
Quoting luca1073
I cannot upload setfiles here
Why can you not? If the reason is the upload-filter: simply rename the file to, i.e., <name>.txt, or without any type spec, i.e., <name>. And whoever wants to use it has to rename it back to <name>.set.
Return To Disorder
  • #22
  • Jul 20, 2018 6:04pm Jul 20, 2018 6:04pm
Quoting rockit
{quote} Why can you not? If the reason is the upload-filter: simply rename the file to, i.e., <name>.txt, or without any type spec, i.e., <name>. And whoever wants to use it has to rename it back to <name>.set.
Ok didnt know, i will tomorrow. Anyway i posted the screenshot, thanks
  • #23
  • Edited 2:25pm Jul 23, 2018 1:55pm | Edited 2:25pm
Find some statistical results, perhaps interesting for you

(Demo with enough deposit, only 2700 DD, running for 2 weeks now)

Even the little Real account works:
https://www.myfxbook.com/members/PitDE/hf-500-3/2521316

Later, Pit
Attached Image (click to enlarge)
Click to Enlarge Name: Pairs-statistical.JPG Size: 78 KB
  • #24
  • Jul 23, 2018 2:29pm Jul 23, 2018 2:29pm
Quoting Pit-Lip
Find some statistical results, perhaps interesting for you (Demo with enough deposit, only 2700 DD, running for 2 weeks now) Even the little Real account works: https://www.myfxbook.com/members/PitDE/hf-500-3/2521316 Later, Pit {image}
What's your leverage and what is your lot size?
  • #25
  • Jul 23, 2018 3:42pm Jul 23, 2018 3:42pm
Quoting Pit-Lip
Find some statistical results, perhaps interesting for you (Demo with enough deposit, only 2700 DD, running for 2 weeks now) Even the little Real account works: https://www.myfxbook.com/members/PitDE/hf-500-3/2521316 Later, Pit {image}

wow that 422 % gain only from one eur gbp chart? lol. thanks for the stats
  • #26
  • Jul 24, 2018 4:10am Jul 24, 2018 4:10am
Here is the stat for the big account (demo).

https://www.myfxbook.com/members/Pit...i-1500/2611518

As Luca mentioned befor, EURGBP is the winner with 64% won trades. But GBPUSD made very good profit, but with high risk (as always).

For the rainy days i want to add other pairs to the portfolio in order of a kind of diversification. Which pairs would you add?

(This morning our EURGBP during London open was weak. At the same time USD became bullish. I wish i had the EURUSD on board on live-accounts.
I know it is a bit of topic. Can someone help to use this waves through the markets? What do you think about a diversificated "corellation-matrix" just to catch those spikes?)

Later, Pit
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 184 KB
  • #27
  • Jul 24, 2018 4:20am Jul 24, 2018 4:20am
Quoting Pit-Lip
Here is the stat for the big account (demo). https://www.myfxbook.com/members/Pit...i-1500/2611518 As Luca mentioned befor, EURGBP is the winner with 64% won trades. But GBPUSD made very good profit, but with high risk (as always). For the rainy days i want to add other pairs to the portfolio in order of a kind of diversification. Which pairs would you add? (This morning our EURGBP during London open was weak. At the same time USD became bullish. I wish i had the EURUSD on board on live-accounts. I know it is a bit of topic. Can...

eur usd is another nice pair for this. it ranges well, not like eur gbp but it is less risky than gbp usd that as you said is the big profit maker but it betrays you often.
from all my tests eur gbp seems the real only candidate for this system but with a big balance(20-30.000$) more risky pairs could be added
i have something against eur chf because even if it ranges well betrayals have happened with this pair (big ones) i dont trust swiss banks ahaha
  • #28
  • Jul 24, 2018 4:24am Jul 24, 2018 4:24am
Quoting aleho
{quote} What's your leverage and what is your lot size?
Aleho, i use 1:500 with 0.02 lot.

This EA is very broker-sensitive in my opinion. I run it on Live-Accounts from hotforex (own vps in London with 7 ms, wonderful results), FXGiants (20 ms,medium results), FBS (10 ms, medium results?), TM (forget about it, DD), ICMarkets (78 ms, good results) and roboforex (28 ms, good results).

If execution matters, my feeling goes to a mid-speed connection. The EA is more sensitive to the very quick execution. In my opinion there is no need for the ultra razor sharp execution. Just in the middle it works well. Slippage is great factor.

Does anybody have good tool to examin the broker?

Thanks a lot, Pit
  • #29
  • Jul 24, 2018 8:15am Jul 24, 2018 8:15am
Do you also have some information on the drawdown? I have tried several martingale EA and sometimes the drawdown is something that keeps you awake.

Thanks for sharing your experience with the different brokers. If you talk about good results it means low drawdown and high profit/win rate? What's the difference between wonderful, good and medium results?

Though I can't make any logic between the connection speed, i.e. 20ms, medium result while 78 ms is good result. So we just have to look at the broker rather than the connection speed? Any experience with Pepperstone?

Anyway, I will check the first topic to see how the EA works and I'm quite interested to test it on a live account as well, since the starting amount can be as low as $30.
  • #30
  • Jul 24, 2018 8:55am Jul 24, 2018 8:55am
Quoting Chau1985
Do you also have some information on the drawdown? I have tried several martingale EA and sometimes the drawdown is something that keeps you awake. Thanks for sharing your experience with the different brokers. If you talk about good results it means low drawdown and high profit/win rate? What's the difference between wonderful, good and medium results? Though I can't make any
logic between the connection speed, i.e.
20ms, medium result while 78 ms is good
result. So we just have to look at the broker
rather than the connection speed? Any
experience...
no need to lose the free 30$ that often you
receive as a bonus (if you refer to that).
With 30$ you cannot trade this. Its money
lost in advance. Try it on demo first if you dont want to risk real money, my simple advice
  • #31
  • Jul 24, 2018 9:39am Jul 24, 2018 9:39am
Quoting luca1073
{quote} no need to lose the free 30$ that often you receive as a bonus (if you refer to that). With 30$ you cannot trade this. Its money lost in advance. Try it on demo first if you dont want to risk real money, my simple advice
Sorry I didn't look correctly. It should be $50, as far as I can see from the FXbook https://www.myfxbook.com/members/PitDE/hf-500-3/2521316

True that I should use a demo account before starting live trading. Thanks
  • #32
  • Jul 24, 2018 10:37am Jul 24, 2018 10:37am
Quoting Chau1985
{quote} Sorry I didn't look correctly. It should be $50, as far as I can see from the FXbook https://www.myfxbook.com/members/PitDE/hf-500-3/2521316 True that I should use a demo account before starting live trading. Thanks
30$ is very risky - most of the real accounts i started with this minimum have been blown out. I tried that for testing purposes 4 or 5 times, with different leverages.
Some brokers give a bonus. I used roboforex for that and first deposit was 60$ which was summed up to 90$. That is very good for a try. Then you can start the adventure with 0.02 and ONE chart.

Most of the time the EA will make around 4 - 5,90 USD with this setting per day. If Trump twitters to much you do well not to show to much on the chart. With some luck you get the equity above ~ 140$. Keep the marginquote of 250% in mind. Mostly my account was wiped out in the night (often asian open) if i was undercapitalized. With a bit luck you can open after a while a second chart with EURGBP and the magicbuy sell 3 and magicsell buy 4.
Double risk - yes. But i find it amazing, when the different chart profits show together 5 - 15$ a day.

To start a new chart it is very important - a Luca told us - that you use a totally different time of trading than the first chart started or closed the bunch. I didn't find out why, but sometimes one chart says Zero profit and the second has the awaited 5-10$ made. This has got a kind of cumulation on on account working two charts.
We have to discuss this.

Accounts are stable for some weeks before they spread Balance and Equity, which is a significant sign for martingales coming to end. If we could better set Balance and Equity statistical together we would have a very good indicator for leaving the battle.

Mostly i see the EA throws 0.03 to overcome situations. That is the small area where this EA works so well. If the EA meets 0.05, 0.08 or even 0.12 it is often the case, that marginquote comes to empty. I installed the Multitrader to juggling with equities in such cases.

Try it!
Pit
  • #33
  • Jul 24, 2018 11:29am Jul 24, 2018 11:29am
Quoting Pit-Lip
{quote} 30$ is very risky - most of the real accounts i started with this minimum have been blown out. I tried that for testing purposes 4 or 5 times, with different leverages. Some brokers give a bonus. I used roboforex for that and first deposit was 60$ which was summed up to 90$. That is very good for a try. Then you can start the adventure with 0.02 and ONE chart. Most of the time the
EA will make around 4 - 5,90 USD with this
setting per day. If Trump twitters to much
you do well not to show to much on the
chart. With some luck you get the...
true i had talked about the different price levels on how to place the charts and i did it on different days and at a different time but due to slippage diring big news probably during this month at some point the broker must have initiated trades(after Ea sent automatic orders of course)
all at the same time at the same price level when trade basket was closed with profit. It must have happened already twice and it is no good because risks are increased. So far it is going very good i only have a drawdown of -50 euros on 5 pairs . What more do you want ? Lol but we have to discuss the plan B in case everything goes wrong (no future retracement during trend)
  • #34
  • Jul 24, 2018 11:31am Jul 24, 2018 11:31am
Here another liveaccount, running 2 charts

The EA reports correct Margin. Fine!
But have a look to the proportion of balance / equity. Should i leave?
That is the only thing we don't know now at this situation ...

Later, Pit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Click to Enlarge Name: Image1.png Size: 20 KB
  • #35
  • Jul 25, 2018 1:46am Jul 25, 2018 1:46am
Quoting Pit-Lip
Find some statistical results, perhaps interesting for you (Demo with enough deposit, only 2700 DD, running for 2 weeks now) Even the little Real account works: https://www.myfxbook.com/members/PitDE/hf-500-3/2521316 Later, Pit {image}
Intereting results.
Do you use a distance of 50 pips for all pairs?
How many charts for each pair? One or more
Max 5 trades?
Profit 5 currency units?

I am now demo testing on all 28 pairs.

But was considering if it was safer and wiser to set the distance for new orders based on the last 25 days ATR
  • #36
  • Jul 25, 2018 7:21am Jul 25, 2018 7:21am
Quoting DanishTrader
{quote} Intereting results. Do you use a distance of 50 pips for all pairs? How many charts for each pair? One or more Max 5 trades? Profit 5 currency units? I am now demo testing on all 28 pairs. But was considering if it was safer and wiser to set the distance for new orders based on the last 25 days ATR
These are my settings. I think it is the default setting.

__c1=----------------------------------
__lotsize=Money management
MM=false
Risk=2.0
Lots=0.02
LotDigits=2.0
__c2=----------------------------------
multiplier=1.5
profit=0.0
globalprofit=0.0
pairglobalprofit=5.0
maximaloss=0.0
tradesperday=99
openonnewcandle=false
__c3=----------------------------------
spacePips=10.0
spaceOrders=5
spaceLots=0.03
space1Pips=50.0
space1Orders=1
space1Lots=0.05
space2Pips=100.0
space2Orders=1
space2Lots=0.07
space3Pips=200.0
space3Orders=99
space3Lots=0.09
__c4=----------------------------------
magicbuy=1
buycomment=buy
magicsell=2
sellcomment=sell
__c5=----------------------------------
__timeFilter=Timer filter (Hour 0-24 Minute 0-59)
Start_Hour=0
Start_Minute=0
Finish_Hour=24
Finish_Minute=0
__c6=----------------------------------
__entry1=Determine entry based on SMA/parabolic
smaParabolicEntry=false
__entry2=Determine entry based on CCI
cciperiod=0
ccimax=100.0
ccimin=-100.0
__c7=----------------------------------
suspendtrades=false
closeallsellsnow=false
closeallbuysnow=false
closeallnow=false
__c8=----------------------------------
KeepTextOnTop=true
DisplayX=50
DisplayY=50
fontSise=8
fontName=Courier New
colour=65535
  • #37
  • Jul 25, 2018 7:49am Jul 25, 2018 7:49am
Quoting Pit-Lip
{quote} These are my settings. I think it is the default setting. __c1=---------------------------------- __lotsize=Money management MM=false Risk=2.0 Lots=0.02 LotDigits=2.0 __c2=---------------------------------- multiplier=1.5 profit=0.0 globalprofit=0.0 pairglobalprofit=5.0 maximaloss=0.0 tradesperday=99 openonnewcandle=false __c3=---------------------------------- spacePips=10.0 spaceOrders=5 spaceLots=0.03 space1Pips=50.0 space1Orders=1 space1Lots=0.05 space2Pips=100.0 space2Orders=1 space2Lots=0.07 space3Pips=200.0 space3Orders=99 space3Lots=0.09...

wow you have only 10 pips space between orders? very risky in my opinion. don't want to "scare" you but.....

anyway i noticed your settings are very different from my settings, it s good to try this system with different settings but the 10 pips distance would scare me

i infact noticed that you have an ongoing trade for 0.12 now(i'm at 0.03 because i have 50 pips distance) but you have a high leverage so that may help you temporarily. you are using 10 pips distance with the small real account?

your margin may be eaten fast if you have too little space between orders and a small account. but i see you started from 50 $ only ....hmmmm
  • #38
  • Jul 27, 2018 1:27am Jul 27, 2018 1:27am
Quoting luca1073
{quote} eur usd is another nice pair for this. it ranges well, not like eur gbp but it is less risky than gbp usd that as you said is the big profit maker but it betrays you often. from all my tests eur gbp seems the real only candidate for this system but with a big balance(20-30.000$) more risky pairs could be added i have something against eur chf because even if it ranges well betrayals have happened with this pair (big ones) i dont trust swiss banks ahaha

luca1073 bro. can we work with use 1:500 and 3000$ deposit for only eurgbp and only u r setting ? if any big risk like loss all our balance etc
  • #39
  • Edited 3:33am Jul 27, 2018 1:56am | Edited 3:33am
Quoting prince11
{quote} luca1073 bro. can we work with use 1:500 and 3000$ deposit for only eurgbp and only u r setting ? if any big risk like loss all our balance etc
With 3000$ i would put two eur gbp charts at different levels using my settings. Risks are there but reduced. Maybe with your higher leverage i could risk a third chart but that s your decision

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

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  • #40
  • Edited 10:02am Jul 27, 2018 4:16am | Edited 10:02am
Hi Luca, thanks for sharing this EA.

With regards to risk I see the default setting is 2.0

How is the risk calculated please?

Many thanks
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