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"Little Martingale EA" 2, continuation thread

  • #41
  • Jul 27, 2018 4:24am Jul 27, 2018 4:24am
Quoting NeilC73
Hi Luca, thanks for sharing this EA. With regards to risk I see the default setting is 0.02. How is the risk calculated please? Many thanks
i have always used 0.02 as inital lot (and multiplier 1.5) from the start having been inspired by the first settings of the original EA and having seen that had a better risk /reward ratio. i also made several demo and live tests(over a year) using this initial lot and it worked pretty well
there are no guarantees of success with this and as i said before there are some pairs that are riskier than others. if you have a big account (20-30.000$) i would definitely add riskier pairs to the mix(more profitable). with less than 10.000$ i wouldnt use more than 6 pairs (still dangerous of course) but only ranging pairs. eur gbp seems to be the best one as i said before

also in summer(now) market usually ranges better than in the other months so i'm convinced this EA is less risky in the summer months
  • #42
  • Jul 27, 2018 4:58am Jul 27, 2018 4:58am
For those concerned with excess screen real estate, please find attached modification.

Rgds
RM
Attached File(s)
File Type: mq4 UnNomGuaiV1.14.mq4   33 KB | 1,375 downloads
  • #43
  • Jul 27, 2018 12:28pm Jul 27, 2018 12:28pm
Quoting luca1073
{quote} i have always used 0.02 as inital lot (and multiplier 1.5) from the start having been inspired by the first settings of the original EA and having seen that had a better risk /reward ratio. i also made several demo and live tests(over a year) using this initial lot and it worked pretty well there are no guarantees of success with this and as i said before there are some pairs that are riskier than others. if you have a big account (20-30.000$) i would definitely add riskier pairs to the mix(more profitable). with less than 10.000$ i wouldnt...
Sorry Luca, had a typo in my original post. I mean't risk of 2.0. What does this mean and how is it calculated if increasing to say 3.0?

Also when setting up multiple charts, how many pips do you like to see between the initial trade when adding a new chart?

Thanks again
  • #44
  • Jul 27, 2018 12:45pm Jul 27, 2018 12:45pm
Quoting NeilC73
{quote} Sorry Luca, had a typo in my original post. I mean't risk of 2.0. What does this mean and how is it calculated if increasing to say 3.0? Also when setting up multiple charts, how many pips do you like to see between the initial trade when adding a new chart? Thanks again
i never used it. In my setings i had put MM to false and used onlY the original settings of the first version now not available but you can still use v1.13 eliminating the settings you dont need. To see my settings go to the first posts where i posted the screenshots. Maybe that 2 was referring to the risk in % ,not sure
  • #45
  • Jul 27, 2018 2:53pm Jul 27, 2018 2:53pm
Quoting retireme
For those concerned with excess screen real estate, please find attached modification. Rgds RM {file}

Thanks for the contribution
  • #46
  • Jul 28, 2018 12:29am Jul 28, 2018 12:29am
Quoting retireme
For those concerned with excess screen real estate, please find attached modification. Rgds RM {file}
Only little bug ... when the ea is removed does not delete the objects...
add RemoveAllObjects() in the OnDeinit() .
  • #47
  • Jul 28, 2018 2:17am Jul 28, 2018 2:17am
Also Luca ;-) For EG have you been closing all trades down for the weekend and/or red news?
  • #48
  • Jul 28, 2018 3:11am Jul 28, 2018 3:11am
Quoting luca1073
{quote} 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
Excellent contribution Luca.
My apologies if my question is very basic but what do you mean by "at different levels"?
Thanks.
  • #49
  • Jul 28, 2018 3:38am Jul 28, 2018 3:38am
one warning: be careful if your broker is regulate in eu because from 1 august 2018
leverage is 1:30 and stopout is 50% of the margin. Chose an extra-eu licenced broker.
  • #50
  • Edited 3:58am Jul 29, 2018 3:47am | Edited 3:58am
Quoting Ocsag
{quote} Excellent contribution Luca. My apologies if my question is very basic but what do you mean by "at different levels"? Thanks.

it means that if you want to put different identical charts of Eur Gbp (for example) putting them on the charts at the same time could bring more risks because they would have an identical price (bid/ask) and if the trade would go against you then it would go against you in more charts,. so to reduce risks you could put one chart at level (for example) 0.885, one the next day at 0.89 , one the next day at 0882 etc....mind you i did the same but then due to slippage problem during (probably) news trades were all closed and the broker restarted 4 out of my 5 charts at the same time deleting the idea i had initially ...oh well...it happens but we have to be careful---so now i have 4 pairs trading at the same price....
  • #51
  • Jul 29, 2018 3:52am Jul 29, 2018 3:52am
Quoting NeilC73
Also Luca ;-) For EG have you been closing all trades down for the weekend and/or red news?

i never ever closed my trades due to news. i always kept them running. even on higher risk pairs. my stop loss is a mental one (or i added funds when things were going wrong. things got wrong on gbp usd in january 2018 where if i didnt add funds i would have blown my account. i added funds and then price went back my way. rsi was at 80 + so i was "confident "price would retrace but you never know. thats one of the reasons now i dont use gbp usd or other similar pairs. i only use eur gbp but nothing is assured.

with an account of over 20 .000$ i would use gbp usd and other pairs with no doubt , infact gbp usd is one of the most profitable pairs with this system. i tried it live and demo, it makes more money than with other pairs but it is more risky. the riskiest i think is gbp jpy dont even try it lol., my advice
  • #52
  • Jul 29, 2018 10:48am Jul 29, 2018 10:48am
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...

"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."

I have also noticed this over the years using Martingale systems. The first few weeks work very well with equity and balance close to each other. But after a time, equity begins to lag balance and you end up with a big drawdown.

What do you think of closing all open trades at the end of every month? You select a day after 4 weeks when equity and balance are close. Then you start from zero again and repeat the process. This way equity and balance may stay close to each other and reduce the drawdown.

Luca, let me know what you think about this.
Observation is the path to discovery.
  • #53
  • Jul 29, 2018 10:58am Jul 29, 2018 10:58am
Quoting luca1073
{quote} i never ever closed my trades due to news. i always kept them running. even on higher risk pairs. my stop loss is a mental one (or i added funds when things were going wrong. things got wrong on gbp usd in january 2018 where if i didnt add funds i would have blown my account. i added funds and then price went back my way. rsi was at 80 + so i was "confident "price would retrace but you never know. thats one of the reasons now i dont use gbp usd or other similar pairs. i only use eur gbp but nothing is assured. with an account of over 20...

Luca, with a $20,000 live account, how many charts would you use in order to get a 20% profit per month? What would be the maximal drawdown expected with this account?.

Thanks.
Observation is the path to discovery.
  • #54
  • Jul 29, 2018 11:04am Jul 29, 2018 11:04am
I am also thinking it may be a good idea to not trade the system between NY close and Australia open. Spreads and slippage may be very high during that time. What do you think about this?
Observation is the path to discovery.
  • #55
  • Jul 29, 2018 11:57am Jul 29, 2018 11:57am
Quoting Alorente
{quote} Luca, with a $20,000 live account, how many charts would you use in order to get a 20% profit per month? What would be the maximal drawdown expected with this account?. Thanks.
With a 20.000 k account i would use Gbp Usd, Eur Usd, Eur Gbp, Usd Jpy, maybe i would put 3 eur gbp charts or if i want to make more profit put two gbp usd charts (50 pips between orders max 5 orders min order 0.02 maximum order 0.12) a total of 7 charts maybe. expect a maximum drawdown of - 7000 k in very bad times. this is what i think.

eur gbp and eur usd are the safest in my opinion, usd jpy sometimes trends a lot but tends to retrace well too

i trade this 24 hs a day. i did it for over a year but nothing is assured of course
  • #56
  • Jul 29, 2018 11:59am Jul 29, 2018 11:59am
Quoting Alorente
{quote} . What do you think of closing all open trades at the end of every month? You select a day after 4 weeks when equity and balance are close. Then you start from zero again and repeat the process. This way equity and balance may stay close to each other and reduce the drawdown. Luca, let me know what you think about this.
this could be good too, say bye to 200 $ but then be safe for longer but also think that bad times can happen every time or start even right after you closed your orders if there are big big news for example
  • #57
  • Jul 29, 2018 12:13pm Jul 29, 2018 12:13pm
Quoting NeilC73
Also Luca ;-) For EG have you been closing all trades down for the weekend and/or red news?

i never closed any trade due to news or else. i closed some trades at loss when i wanted to start a different test and the profits had surpassed well the losses and going on would have put all my account in jeopardy. then as usual , funnily enough price went back my way and i wouldnt have lost anything if i hadnt closed the trades....grrrr ...lol
  • #58
  • Jul 29, 2018 2:06pm Jul 29, 2018 2:06pm
In my opinion eur usd is not good for this ea. i made backtest and optimization for
last 6 months with all distance from 50 to 1000 and no good result.
perhaps i am making something wrong i dont know...
the setting was the one from Luca and i changed only the spacePips from 50 to 1000
step 50. but no good result in backtest for eurusd.
  • #59
  • Jul 30, 2018 3:11am Jul 30, 2018 3:11am
Quoting Ezios
In my opinion eur usd is not good for this ea. i made backtest and optimization for last 6 months with all distance from 50 to 1000 and no good result. perhaps i am making something wrong i dont know... the setting was the one from Luca and i changed only the spacePips from 50 to 1000 step 50. but no good result in backtest for eurusd.

you might be right. this is not infallible . thats why i said eur gbp is better, statistically (but thats not even an assurance of any sort after all). but i didnt get the 1000 pips. you tried with 1000 pips between orders? maybe the swap fees will eat you alive until the end of time lol. no no no, 1000 pips between orders is not really good and i guess the max would be 100 pips
  • #60
  • Jul 30, 2018 6:36am Jul 30, 2018 6:36am
with
Quoting luca1073
{quote} you might be right. this is not infallible . thats why i said eur gbp is better, statistically (but thats not even an assurance of any sort after all). but i didnt get the 1000 pips. you tried with 1000 pips between orders? maybe the swap fees will eat you alive until the end of time lol. no no no, 1000 pips between orders is not really good and i guess the max would be 100 pips
with the ea 1.4 the test is faster. i will try from 50 to 100 step 1 but i still think it will not work on eur usd. and i tried with balance 10.000 eur.
tried from 26-01-18 to 26-07-18.
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