and a second account with the default settings but with fewer charts.
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Default-Setting will crack your account. Only solution for this is to withdraw profits regularly.
But up to 5 - 10 days you will get steady profits (4 - 10$ per chart/a day).
=> if we could find a balanced way of risk between the conservative and good settings of Luca on one side and the highly risky default settings on the other side it would be perfect. My experience (shredded real :-( and several demo accounts) is that the proportion of balance and equity is splayed before the desaster. Typically one day before (6 - 4 hours before London opens) you will find your equity depressed.
Scene analysis then has two prosecutions:
A) The amount of the splayed balance and equity holds on (ranging markets)
B) Suddenly, like a bolt out of the blue price action strangles your SL (which you can't stand without an 5-digit account)
Some words to A: Several times i was astonished about how friendly the London fog within 2 -3 h after London open became a sunny day (with profits on two ore more charts) - just before the same sun turns into a the force which lets everything fall before her wrath. Price action tools with Heiken Ashi, TDI, Ichimoku can not help, because YOU ARE in the market. Only a Babon slope with alert helped me just to get notice of this change in the clouds.
Take a screenshot with your PC then save it and after ulpoad it here by attaching the screenshot file to this post it puts it automatically use the attach sign
{quote} Take a screenshot with your PC then save it and after ulpoad it here by attaching the screenshot file to this post it puts it automatically use the attach sign
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It only opens 0.01 lots, How can I change to 0.1?
I can't upload here, so this is out upload https://imgur.com/a/JWCaCdg
[COLOR=inherit !important] [/color] [COLOR=inherit !important] [/color] [COLOR=inherit !important] [/color] [COLOR=inherit !important][/color]
#s3gt_translate_tooltip_mini { display: none !important; }
{quote} It only opens 0.01 lots, How can I change to 0.1? I can't upload here, so this is out upload https://imgur.com/a/JWCaCdg #s3gt_translate_tooltip_mini { display: none !important; } {file}
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Its very confusing im sorry the image is not the settings.... can you take a photo of the actual settings from your properties of the EA on chart and then upload it on imgur?. Do you know how to actually see the settings from chart? The text file you attached has new features that dont even appear in the clean normal setfile on chart it is confusing. And by the way why do you want 0.10 as first lot? Its suicidal unless you have a HUGE accounr and i mean HUGE
{quote} Its very confusing im sorry the image is not the settings.... can you take a photo of the actual settings from your properties of the EA on chart and then upload it on imgur?. Do you know how to actually see the settings from chart? The text file you attached has new features that dont even appear in the clean normal setfile on chart it is confusing. And by the way why do you want 0.10 as first lot? Its suicidal unless you have a HUGE accounr and i mean HUGE
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The set is backtest settings. When the market opens I'll do the demo account tests
{quote} It only opens 0.01 lots, How can I change to 0.1? I can't upload here, so this is out upload https://imgur.com/a/JWCaCdg #s3gt_translate_tooltip_mini { display: none !important; } {file}
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You need patience with this EA. Increasing starting lot by a factor of 10 is crazy... but if you can increase your starting balance by a factor of 10 then it's relative otherwise you'll almost certainly blow your account.
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...
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Clever idea. This Trend-Analyzing could be a great help.
Pit
There is an ongoing trend with a bullish Eur/Gbp for 5 daily candles in a row a move of 193 pips without retracement. Since May 22 2018 this is the strongest movement so far . On 5 pairs of eur gbp on an actual balance of 7190 euros this comes with a drawdown of approx - 750 euros and a margin of approx 900% . 4 out of 5 charts have opened a 0.08 trade. Price has touched the 0.91 resistance and there is a chance that it may go down soon but of course nothing is assured
Dumb question, but how do I run multiple EA on the same pair? I tried adding in another tab on my MT4 and run the EA on it, but it won't do anything.
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I explained it in the first page/s of this thread. You HAVE to change the magic number in the settings (magic buy & magic sell) for each chart where you put the eur gbp andyou place the EA on each chart
{quote} 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...
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Big no from from everybody? Im not that anybody. I know why martingale is one of the many leading techniques.
What is meant by the classic Martingale strategy is that traders add a lot of lots when the trader sees that he must add the next transaction. With this, even after a number of losing positions, when the TP point has been hit, the trader will get not only that all losses are covered, but also get a profit.
I picked from outside for a good explanation.
"A martingale strategy relies on the theory of mean reversion, so without a large supply of money to bore positive results, you need to endure missed trades that can bankrupt an entire account. It's also important to note that the amount risked on the trade is far greater than the potential gain. Despite these drawbacks, there are ways to improve the martingale strategy. In this article, we'll explore the ways you can improve your chances of succeeding at this very high-risk and difficult strategy."
-www.investopedia.com
{quote} Big no from from everybody? Im not that anybody. I know why martingale is one of the many leading techniques. A martingale strategy relies on the theory of mean reversion, so without a large supply of money to bore positive results, you need to endure missed trades that can bankrupt an entire account. It's also important to note that the amount risked on the trade is far greater than the potential gain. Despite these drawbacks, there are ways to improve the martingale strategy. In this article, we'll explore the ways you can improve your...
NOW that was a RETRACEMENT! went from a drawdown of - 450 this morning( and -750 yesterday) to - 130 and withdrew to subaccount another + 92 euros . There must have been some
major news or data later i will check im from
mobile
Another good thing of eur gbp is the pip value that is pretty high so even when we have a lot open at 0.08 for example
we need a retracement of only 50 pips to cash in. For smaller lots the retracemet needed is less. On some other pairs you need more retracement to cash in during big trends
NOW that was a RETRACEMENT! went from a drawdown of - 450 this morning( and -750 yesterday) to - 130 and withdrew to subaccount another + 92 euros . There must have been some major news or data later i will check im from mobile
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Think it was something to do with the EU's chief negotiator saying the EU was ready to offer the UK a deal but it must not weaken the single market.
{quote} Think it was something to do with the EU's chief negotiator saying the EU was ready to offer the UK a deal but it must not weaken the single market.
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Yes we always need a fundamental excuse to take an anticipated technical direction , market was waiting for a sign
"Little Martingale EA" 2, continuation thread
