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"Little Martingale EA" 2, continuation thread

  • #61
  • Jul 30, 2018 7:04am Jul 30, 2018 7:04am
Quoting Ezios
with{quote} 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.

I think there must be a mistake in your data or else. Only 6 months (these last 6) eur
usd alone(only 1 chart) wouldnt blow with 10 k and my settings im pretty sure about it.
  • #62
  • Jul 30, 2018 7:32am Jul 30, 2018 7:32am
Quoting luca1073
{quote} I think there must be a mistake in your data or else. Only 6 months (these last 6) eur usd alone(only 1 chart) wouldnt blow with 10 k and my settings im pretty sure about it.
in fact i never told that blows 10k. i told that profit factor is not good
you can for example to gain 300 eur but the dd is 600.... in every step. You can verify this if i am not wrong.
anyway this evening i will try again.
  • #63
  • Aug 1, 2018 12:55am Aug 1, 2018 12:55am
Quoting Alorente
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?
Hello there AL .
I am saddened to see u abandon ur great thread regarding the TMA trading .
I sent u a private message and look forward to ur reply .
Cheers
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #64
  • Aug 2, 2018 8:19am Aug 2, 2018 8:19am
Today the markets are/were behaving on eur gbp exactly like this Ea wants . now i have + 54 euro profit only from today, 5 pairs of eur gbp running and a total drawdown of only -20 euros LOL
market must have moved in small big waves. It has to have a spike then a good retrace then another spike and so on this is ideal
  • #65
  • Aug 4, 2018 11:03am Aug 4, 2018 11:03am
Hello luca
I used 1.14 version of this Ea that was in first topic. It was profitable in demo account.
Which time frame do you use for eurgbp ?
  • #66
  • Aug 4, 2018 11:33am Aug 4, 2018 11:33am
Quoting alibati
Hello luca I used 1.14 version of this Ea that was in first topic. It was profitable in demo account. Which time frame do you use for eurgbp ?
I use 1 minute timeframe but my openonewcandle setting is set to false so it doesnt matter the timeframe in my case. It only trades at a certain set pip distance
  • #67
  • Aug 8, 2018 12:12am Aug 8, 2018 12:12am
Interesting to see how this ea works. Last 48 hours EG has gained approx. 80 pips and so it's not been able to close any positions. After a 0.12 sell position I presume this is the largest lot it will open. I then see it opens a new order of 0.03 as EG as got even stronger. Will it then proceed to place new orders from 0.03 if EG doesn't retrace? By doing so, this then offsets earlier 0.03 orders?
  • #68
  • Aug 8, 2018 1:57am Aug 8, 2018 1:57am
I just started this with 5 pairs and 5K on a demo.
Even though I made $70, my equity hasn't moved yet...
Attached Image (click to enlarge)
Click to Enlarge Name: New.PNG Size: 29 KB
  • #69
  • Aug 8, 2018 2:00am Aug 8, 2018 2:00am
Quoting aleho
I just started this with 5 pairs and 5K on a demo. Even though I made $70, my equity hasn't moved yet... {image}
of course, because in the last 2 days it only trended. If it retraces(and we all hope it will) you will see the equity go up
  • #70
  • Edited 2:22am Aug 8, 2018 2:04am | Edited 2:22am
Quoting NeilC73
Interesting to see how this ea works. Last 48 hours EG has gained approx. 80 pips and so it's not been able to close any positions. After a 0.12 sell position I presume this is the largest lot it will open. I then see it opens a new order of 0.03 as EG as got even stronger. Will it then proceed to place new orders from 0.03 if EG doesn't retrace? By doing so, this then offsets earlier 0.03
orders?
the new order of 0.03 will happen after 0.02 if there is a distance of 50 pips from the first order. Then 0.05 , then 0.08 and then 0.12. The buy in this case remains a 0.02 and when and if it closes in profit it opens a new 0.02
  • #71
  • Aug 8, 2018 2:25am Aug 8, 2018 2:25am
Quoting aleho
I just started this with 5 pairs and 5K on a demo. Even though I made $70, my equity hasn't moved yet... {image}

i see you have gbp jpy there in your test, with real money i would never use it for sure. eur jpy too can be very trendy. gbp usd can be very profitable but possibly can make you pass many sleepless nights but then at the end every pair (including eur gbp) could betray us
  • #72
  • Aug 8, 2018 3:00am Aug 8, 2018 3:00am
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 luca1073. finally martingale EA. Martingale is one of my favorite tecnhique among them all.
Profit growth tells you the trader ability.
  • #73
  • Edited 7:13am Aug 8, 2018 4:43am | Edited 7:13am
Quoting voketexpert
{quote} Hi luca1073. finally martingale EA. Martingale is one of my favorite tecnhique among them all.

ehehe we definitely go against the opinion trend where martingale EA s are considered the DEVIL

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

guys have you seen the 4 H chart? RSI is
approx at 82 and pn the daily approx at 70 . it should retrace soon but we are also close to Weekly resitance so it is risky nevertheless. luckily usually moves on eur gbp are usually less strong. all this is due these days to a non favourable brexit deal for the UK
  • #74
  • Aug 9, 2018 5:27am Aug 9, 2018 5:27am
So a move of approx 170 pips without retracement on 5 identical charts on eur gbp at a similar price bring a drawdown of around -500 euros + . I observed it live now market is retracing and my DD is temporarily reduced to half.
there are 4 trades at 0.08 open out of 5 charts. Margin is at 940% . My leverage is 1:100
  • #75
  • Aug 9, 2018 6:49am Aug 9, 2018 6:49am
Quoting luca1073
So a move of approx 170 pips without retracement on 5 identical charts on eur gbp at a similar price bring a drawdown of around -500 euros + . I observed it live now market is retracing and my DD is temporarily reduced to half. there are 4 trades at 0.08 open out of 5 charts. Margin is at 940% . My leverage is 1:100
Lucky man,

lost 4k :-(

Pit
  • #76
  • Aug 9, 2018 11:33am Aug 9, 2018 11:33am
Quoting Pit-Lip
{quote} Lucky man, lost 4k :-( Pit

Why?I'm so sorry Pit-Lip....... you left the orders at 10 pip distance? Tell me you didn't. the orders at 10 pip distance (and i had said it)were a mistake (in my opinion) of the creator of this EA and he left them as default. his backtests said 10 pips were more profitable on many pairs but reality is much different. 10 pip orders are not good and extremely risky
  • #77
  • Aug 9, 2018 1:31pm Aug 9, 2018 1:31pm
Attached File(s)
File Type: mq4 FXCore1.mq4   23 KB | 973 downloads
  • #78
  • Aug 9, 2018 3:15pm Aug 9, 2018 3:15pm
Quoting luca1073
So a move of approx 170 pips without retracement on 5 identical charts on eur gbp at a similar price bring a drawdown of around -500 euros + . I observed it live now market is retracing and my DD is temporarily reduced to half. there are 4 trades at 0.08 open out of 5 charts. Margin is at 940% . My leverage is 1:100
Same here Luca. Default settings. I have 7 charts open on EG. DD reached 12% but now 6% live. Leverage 1:400

I opened the 7th yesterday near the high which closed on it's 0.05 trades. Still running.

If capital allows open a new chart(s) when DD = say 10 or 20% to offset DD... thoughts?
  • #79
  • Aug 9, 2018 3:20pm Aug 9, 2018 3:20pm
Quoting NeilC73
{quote} Same here Luca. Default settings. I have 7 charts open on EG. DD reached 12% but now 6% live. Leverage 1:400 I opened the 7th yesterday near the high which closed on it's 0.05 trades. Still running. If capital allows open a new chart(s) when DD = say 10 or 20% to offset DD... thoughts?

i made another calculation , i dont know if im right but earlier a month ago i had calculated it wrong thinking it was going to create more DD. a move of 300 pips from price without retrace on eur gbp will create a drawdown of - 2635 euros with my settings if we have 5 charts at an identical price so an account of 7000 may well survive. a move of 300 pips with any other currency is more than normal but with eur gbp less likey (but always possible) . at the moment i have 5 charts and will wait to put a 6 th i want to see the profits this month to then see if there is a pattern
  • #80
  • Aug 9, 2018 3:30pm Aug 9, 2018 3:30pm
Quoting asj1
{file}

what is this EA about?
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