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"Little Martingale EA" 2, continuation thread

  • #81
  • Edited 11:26am Aug 10, 2018 3:07am | Edited 11:26am
most of my trades closed with profit, due to the retracement. market went up and down with the UK GDP release today and again, that is ideal. withdrew 150 euro to my sub account(due to equity increase) and the trading account profited a real 58 euro today so far

edit: today it got to 83 euro profit so far (only today) big ups and downs, market doesn't know which direction to go and that's where you make money with this system
  • #82
  • Aug 10, 2018 4:49pm Aug 10, 2018 4:49pm
Quoting Pit-Lip
{quote} Lucky man, lost 4k :-( Pit
I feel your pain Pit Lip. I've lost on a similar system before running EU, UJ, EJ. The key lesson I learned was that you needed patience with a system like this and have a funds to survive a trend. Good luck going forwards.
  • #83
  • Aug 10, 2018 4:50pm Aug 10, 2018 4:50pm
Quoting luca1073
most of my trades closed with profit, due to the retracement. market went up and down with the UK GDP release today and again, that is ideal. withdrew 150 euro to my sub account(due to equity increase) and the trading account profited a real 58 euro today so far edit: today it got to 83 euro profit so far (only today) big ups and downs, market doesn't know which direction to go and that's where you make money with this system
Great news Luca. Yes a day of ups and downs! If the Turks didn't initially push the Euro down then we would have less of a profit today after GBP news but shall take it ;-)
  • #84
  • Aug 10, 2018 5:21pm Aug 10, 2018 5:21pm
Quoting NeilC73
{quote} I feel your pain Pit Lip. I've lost on a similar system before running EU, UJ, EJ. The key lesson I learned was that you needed patience with a system like this and have a funds to survive a trend. Good luck going forwards.

Agree but losing 4 k is a big punch in the stomach, people get burnt and discouraged losing these amounts....

When you talked about your loss with another system do you mean the EA called Trio dancer? I was also using the same pairs you named and i initially turned 3000 into 20000 in (on demo)i called that ea the federal reserve
  • #85
  • Aug 11, 2018 3:39pm Aug 11, 2018 3:39pm
Quoting luca1073
{quote} Agree but losing 4 k is a big punch in the stomach, people get burnt and discouraged losing these amounts.... When you talked about your loss with another system do you mean the EA called Trio dancer? I was also using the same pairs you named and i initially turned 3000 into 20000 in (on demo)i called that ea the federal reserve
Can't remember the name of the ea but it was posted by a member called dragonexpert but don't have the ea anymore. It was a very "active" ea. Wonder how it would have coped on just EG?..
  • #86
  • Aug 11, 2018 6:48pm Aug 11, 2018 6:48pm
Quoting NeilC73
{quote} Can't remember the name of the ea but it was posted by a member called dragonexpert but don't have the ea anymore. It was a very "active" ea. Wonder how it would have coped on just EG?..
oh yes i tried that too but on demo only . He was selling the live version for 250$ or so and he even posted on the little martingale original thread. My demo account blew after 1-2 months but he was making good profits before he blew. He was using eur chf too i think but eur chf had a huge surge and that blew it. Problem is that dragon expert was taking big lot trades and was officially requiring only a min 3000$ account to start. Not enough

this can tell you how many EA s i have tested ahaha
  • #87
  • Aug 16, 2018 7:28am Aug 16, 2018 7:28am
Profits again this morning but 63% was gobbled up with commission and swaps! I'm with ThinkMarkets on a £ account. Anyone else had success with GBP gaining again after retail news. Would be interested to compare brokers.

Biggest hit were the 0.12 long trades opened on the 10th.
  • #88
  • Aug 17, 2018 3:05am Aug 17, 2018 3:05am
Quoting NeilC73
Profits again this morning but 63% was gobbled up with commission and swaps! I'm with ThinkMarkets on a £ account. Anyone else had success with GBP gaining again after retail news. Would be interested to compare brokers. Biggest hit were the 0.12 long trades opened on the 10th.

Out of curiosity can i ask you how is it
possible that you had a 0.12 trade? Are you
using 50 pips between orders or less?

I dont know thinkmarkets i can only talk
about global prime who has relatively high
swap fees (maybe lower than thinkmarkets
, what are thinkmarkets fees on eur gbp?)
and relatively normal commission fees.
Commission is always the same and swap
fees will increase daily if trades are not
closed.

One of the many reasons why i chose eur gbp is that swap fees with my broker on this pair are decent and more balanced than with other pairs
  • #89
  • Aug 17, 2018 3:14pm Aug 17, 2018 3:14pm
Quoting luca1073
{quote} Out of curiosity can i ask you how is it possible that you had a 0.12 trade? Are you using 50 pips between orders or less? I dont know thinkmarkets i can only talk about global prime who has relatively high swap fees (maybe lower than thinkmarkets , what are thinkmarkets fees on eur gbp?) and relatively normal commission fees. Commission is always the same and swap fees will increase daily if trades are not closed. One of the many reasons why i chose eur gbp is that swap fees with my broker on this pair are decent and more balanced than...
I'm using default settings of:

https://www.forexfactory.com/attachm...1&d=1534536731

Does it look ok to you?
  • #90
  • Aug 17, 2018 3:36pm Aug 17, 2018 3:36pm
Quoting NeilC73
{quote} I'm using default settings of: {image} Does it look ok to you?

Im from mobile

when i click on the link it says inexistant attachment or similar


also would like to let people know that version v13.1 (in first post) is good because it will calculate also swap fees and commissions when
closing trades that is why to close a basket of buy trades we need a bit more retracement because swap fees are negative while with sell trades basket is closed a bit earlier. When trades are closed on the same day and no swaps are applied then the retracement needed is the same

the result is always 5$ profit(my settings) per each basket/chart. I hope it is clear
  • #91
  • Aug 18, 2018 2:25am Aug 18, 2018 2:25am
Sorry shall try again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB


What was your largest trade on the recent profit take?

Thinkmarkets swaps on eur/gbp are:
Long -4.8556
Short 0.3666
3 day swap on Wednesday
  • #92
  • Edited 7:26am Aug 18, 2018 3:21am | Edited 7:26am
Quoting NeilC73
Sorry shall try again {image} What was your largest trade on the recent profit take? Thinkmarkets swaps on eur/gbp are: Long -4.8556 Short 0.3666 3 day swap on Wednesday
my broker(global prime australia) swaps are

long: -3.0809
short : + 2.016


According to your screenshot shown above You re using 10 pips orders for the first 5
orders and so on and this is very risky in my opinion . Look at my settings screenshot in the first posts/pages(scroll until you find)
of this little martingale 2 continuation thread and you will find my settings (in screenshots) and then you can compare. I also use "profit" with value 5 in settings not "pairglobalprofit".


the biggest trades taken with my settings since may 22 were 4 sell trades at 0.08 lot (4 out of 5 charts)
  • #93
  • Aug 19, 2018 2:36pm Aug 19, 2018 2:36pm
Thanks luca. Yours is very different to mine. I used the default.

I also see Risk and LotDigits are different. Zero on yours.

Also Spacelots are all zero on yours whilst mine are 0.03, 0.05, 0.07 and 0.09 !?

Slightly confused how this ea works now....
  • #94
  • Edited 3:39pm Aug 19, 2018 2:54pm | Edited 3:39pm
Quoting NeilC73
Thanks luca. Yours is very different to mine. I used the default. I also see Risk and LotDigits are different. Zero on yours. Also Spacelots are all zero on yours whilst mine are 0.03, 0.05, 0.07 and 0.09 !? Slightly confused how this ea works now....
my settings are really clean and simple but it doesnt mean they re perfect lol but i like them . With i tried high risk pairs(nights were often sleepless or almost) i risked it but if i had used 10 pip orders i would have blown my account after 1 week while with 50 pip orders it resisted even if once i had to add funds put of security. The 10 pip orders are a mistake. Its like worse than gambling because it is a battle lost in advance again this is my opinion
if you use my settings exactly as shown EA will only take in consideration the multiplier (1.5) the initial lot 0.02 and then the orders at a pip distance nothing else no contradictions , no bugs
  • #95
  • Aug 23, 2018 2:21am Aug 23, 2018 2:21am
Thanks for your input luca.

I have 2 systems running now. My original I've toned down the risk to reflect your settings and a second account with the default settings but with fewer charts. As a rule I theoretically assign €2000 per chart to reduce the risk further. Shall keep you posted with results and comparison.
  • #96
  • Aug 23, 2018 2:31am Aug 23, 2018 2:31am
Quoting NeilC73
Thanks for your input luca. I have 2 systems running now. My original I've toned down the risk to reflect your settings and a second account with the default settings but with fewer charts. As a rule I theoretically assign €2000 per chart to reduce the risk further. Shall keep you posted with results and comparison.

2000£ per chart is pretty safe IMO but of
course it depends because if you let the EA
take 0.18 lots even 2000£ can get risky. For me max 0.12
  • #97
  • Edited 2:52pm Aug 23, 2018 9:05am | Edited 2:52pm
This EA opened two orders at once, one for sale and another for purchase. When the price went into high trend, the sales order remained open. I'm using luca1073 settings. EURGBP 1MIN CHART
[COLOR=inherit !important]


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#s3gt_translate_tooltip_mini { display: none !important; }
  • #98
  • Aug 23, 2018 10:34am Aug 23, 2018 10:34am
Quoting northedan
This EA opened two orders at once, one for sale and another for purchase. When the price went into high trend, the sales order remained open. I'm using luca1073 settings. EURJPY 1MIN CHART
Be careful with eur jpy not really a ranging pair

The order that goes in blue (profit) will
automatically close when trade has an
ongoing profit of 5$(According to my
settings) . the negative red trade (the one
losing) will martingale with multiplier 1.5
once a distance of 50 pips from prevoius bad order has been surpassed. According to
my settings it will martingale only 5 times
(max 0.12 lot) and it will close all bad trades when the bigger trade has made a profit that will make all other total trades profitable for 5$
  • #99
  • Aug 23, 2018 2:45pm Aug 23, 2018 2:45pm
Quoting luca1073
{quote} Be careful with eur jpy not really a ranging pair The order that goes in blue (profit) will automatically close when trade has an ongoing profit of 5$(According to my settings) . the negative red trade (the one losing) will martingale with multiplier 1.5 once a distance of 50 pips from prevoius bad order has been surpassed. According to my settings it will martingale only 5 times (max 0.12 lot) and it will close all bad trades when the bigger trade has made a profit that will make all other total trades profitable for 5$
The profit order has reached $ 60.00 and is now at $ 30.00. Still open. I edit my post.. pair is EURGBP.
  • #100
  • Aug 23, 2018 3:42pm Aug 23, 2018 3:42pm
Quoting northedan
{quote} The profit order has reached $ 60.00 and is now at $ 30.00. Still open. I edit my post.. pair is EURGBP.

Can you take a screenshot of your settings and post it here?

is it demo?
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