"Little Martingale EA" 2, continuation thread | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Martingale Calculation EA (also reverse martingale) 3 replies

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Attachments: "Little Martingale EA" 2, continuation thread
Exit Attachments

"Little Martingale EA" 2, continuation thread

  • #141
  • Sep 14, 2018 9:16am Sep 14, 2018 9:16am
Hi Luca,
For $1000 account how many charts can we trade with your settings. with 1:400 leverage
  • #142
  • Sep 14, 2018 9:34am Sep 14, 2018 9:34am
Quoting Ramana
Hi Luca, For $1000 account how many charts can we trade with your settings.
Only 1 actually uou would need at least 1300-1400$
  • #143
  • Sep 14, 2018 9:36am Sep 14, 2018 9:36am
Lets say that 1000$ is the bare minimum for 1 chart to feel a bit safe
  • #144
  • Sep 14, 2018 9:53am Sep 14, 2018 9:53am
Thank you
  • #145
  • Sep 14, 2018 10:33am Sep 14, 2018 10:33am
Quoting Ramana
Thank you

i hadn't noticed your leverage in the post: 1:400 . i always used 1:100

i don't know with this leverage, maybe it's "safer"? maybe others familiar with this leverage could also give you answer
  • #146
  • Sep 14, 2018 9:14pm Sep 14, 2018 9:14pm
Quoting luca1073
{quote} did you use a vps? Its always better than your home computer for convenience and 24 hr functionality there you don't have to change the magic number for gbp usd but yes you have to change the magic number for eur gbp and eur usd because you are using more than 1 chart for those(at least so it seems from the screenshot). If you have many vps i would try one with v13 and one ideantical for v14 otherwise i would only use v13.1 for now ------------------------- a nice update on my Cryptotab browser cryptocurrency mining . some guy must have...
I tried it again today. It's still the same. I'm guessing it's a bug. I'll stick to 13.1 for now.
Yes, I use VPS. It's much better.
  • #147
  • Sep 15, 2018 2:38am Sep 15, 2018 2:38am
Quoting aleho
{quote} I tried it again today. It's still the same. I'm guessing it's a bug. I'll stick to 13.1 for now. Yes, I use VPS. It's much better.
ok, the market closed 10 hours ago so until monday no EA will take trades but so far v13.1 hasn't given me any issues
  • #148
  • Sep 19, 2018 8:26am Sep 19, 2018 8:26am
A WARNING: there are news circulating that a decision about a brexit deal(or no deal) could come out soon. i'm monitoring the situation. this could bring bad swings (or even market crashes) on the GBP pairs. im also considering the idea of disabling the EA or closing everythiing until the deal is finalized but problems is that there is no fixed date for that and that a surprise may come sooner or later. you re strongly discouraged to start a live test during these days/weeks
  • #149
  • Sep 21, 2018 9:45am Sep 21, 2018 9:45am
Update: I told you this was going to have big swings these days and this is just the start.don't trust brexit issues. i noticed price was going up very fast today and i took a gamble and closed all my sell positions and also closed buy positions at big gain then the toal loss(buy minus sell) for today was only -38 euros. no positions are open now, EA is disabled and it will probably be at least until november. between here and november a word from EU or Theresa May and you may lose all your money in a few minutes. not here to scare you but thats my opinion.

total live(real account) test gain with this EA on EUR GBP , 5 charts from may 22 2018 to today(4 months): Profit : + 2044 euros
  • #150
  • Sep 21, 2018 1:29pm Sep 21, 2018 1:29pm
Quoting luca1073
Update: I told you this was going to have big swings these days and this is just the start.don't trust brexit issues. i noticed price was going up very fast today and i took a gamble and closed all my sell positions and also closed buy positions at big gain then the toal loss(buy minus sell) for today was only -38 euros. no positions are open now, EA is disabled and it will probably be at least until november. between here and november a word from EU or Theresa May and you may lose all your money in a few minutes. not here to scare you but thats...
You say you use 50 pips beetween orders i am testing out a kind of martingale EA on a cent account with 1000 deposit the same as 100000 dollars ore units running on 8 pairs and opens possisions every 10 pips because the longer beetween pips the longer the pullback need too be too recover and make profit and at the same time a lot fewer trades i would say mayby 10 pips are a little small but no more than 20 pips beetween its better too have a larger cent account because with possisins every 10 pips you only need a 15 pip pullback too make a little nice profit....And how often do you get a 200 pip move without 15 pips pullback....I havent seen that atleast...Because if you open every 50 pips you need after say 150 pips move you need 50 pips pullback....So all in all its abaut account size...the guy who coded my EA runs it only in tokyo on 3 pairs on a 5000 dollar account for two months now without bust....But i fired it up tuesday and i got this crazy straight up move today on EUR/GBP and it busted.....But with 100000 dollar account it would have gone fine soo use a cent account 1000 dollars and you can put on a martingale ea...Starting 0.01-0.02-0.03-0.05-0.08-0.13-0.21-0.34-0.55-0.84-1.14-2.14-4.44-8.85-17-34-68-120-240-440-880.....Thats 21 levels before you hit 8.8 lots on the cent account you will need a 3000 account but for 18 levels you only need a 1000 dollar cent account and say i set my EA at 15 pips beetween you actually 370 pips move without a 25 pips pullback and that my friend i almost can guarantie wont happen....The EA i use also have patterns and a hedge feature...I am running it for a month now as i said starting at 0.05 lots and 1000:1 leverage i found a good broker with cents account also giving a free vps if depossit more than 450....PM me if info on EA ore broker i am not affiliate ore anyting only want too help...You can follow my TE on the ea i just havent found my broker in the list for TE so i am waiting for support...
You win some you loose some do both with peace of mind
  • #151
  • Sep 22, 2018 3:21am Sep 22, 2018 3:21am
Hi Magne, thanks for the input. You re right to say that a simple move like the other day would wipe you out if you used 10 pips distance. That would happen several times a year. Cent accounts reduce risks bcause they increase zeros and possibilities that is true but how much with your test would that EA do in a month with real dollars (not cent) investing 1000? (That would mean one hundred thousand cent account) i ask out of curiosity , thanks
  • #152
  • Sep 24, 2018 3:10am Sep 24, 2018 3:10am
Quoting luca1073
Update: I told you this was going to have big swings these days and this is just the start.don't trust brexit issues. i noticed price was going up very fast today and i took a gamble and closed all my sell positions and also closed buy positions at big gain then the toal loss(buy minus sell) for today was only -38 euros. no positions are open now, EA is disabled and it will probably be at least until november. between here and november a word from EU or Theresa May and you may lose all your money in a few minutes. not here to scare you but thats...
Hi Luca,
Would you consider UJ a high risk for this EA too, with the same parameters, with regards to any news you mentioned coming from either EU or Theresa May? I can understand the risk if you trade EG or even EU. Would be great if you could share your thoughts on it.... Thanks and happy trading always.

Milfortra.
  • #153
  • Sep 24, 2018 3:27am Sep 24, 2018 3:27am
Quoting Milfortra
{quote} Hi Luca, Would you consider UJ a high risk for this EA too, with the same parameters, with regards to any news you mentioned coming from either EU or Theresa May? I can understand the risk if you trade EG or even EU. Would be great if you could share your thoughts on it.... Thanks and happy trading always. Milfortra.

Hi,

i don't think Usd Jpy would have a big relation with GBP in this case. GBP pairs such as GBP USD and EUR GBP are really risky at the moment IMO and also any GBP pair.

about the USD pairs be careful with Trump but thats normal stuff these days. i wouldn't stop an EA for that

Usd Jpy in my opinion is not the best pair for this EA but neither the worst
  • #154
  • Sep 24, 2018 3:31am Sep 24, 2018 3:31am
Quoting luca1073
{quote} Hi, i don't think Usd Jpy would have a big relation with GBP in this case. GBP pairs such as GBP USD and EUR GBP are really risky IMO and also any GBP pair. about the USD pairs be careful with Trump but thats normal stuff these days. i wouldn't stop an EA for that Usd Jpy in my opinion is not the best pair for this EA but neither the worst

Thanks for your reply. What about EURUSD at this moment since EURGBP and other GBP pairs are not advisable to trade? Have noticed that EURUSD came in 2nd place using this EA. Did some testing with EU and the drawdown is definately higher than USDJPY but the profit margin on EU is better.
  • #155
  • Sep 24, 2018 3:53am Sep 24, 2018 3:53am
Stay away from GBP pairs i found a grid EA with hedge after some marginale levels exactly what i where looking for soo when drawdown gets bigger it opens the next grid with both direction canseling each other out until its safe again....Making sure account not blown i am canseling the expencive one i am testing trying this one instead i have 4 cent accounts demo running different EA's grids with different options and in one month i open a 500 live cent account using the one with highest profit lower DD..
You win some you loose some do both with peace of mind
  • #156
  • Sep 24, 2018 5:47am Sep 24, 2018 5:47am
Quoting Milfortra
{quote} Thanks for your reply. What about EURUSD at this moment since EURGBP and other GBP pairs are not advisable to trade? Have noticed that EURUSD came in 2nd place using this EA. Did some testing with EU and the drawdown is definately higher than USDJPY but the profit margin on EU is better.

I agree, i traded on real account eur usd for 1 year using this EA and it was pretty good. About brexit it could spike up or down depending on news but it shouldn't be as bad as with gbp pairs but of course nothing is guaranteed. expect big swings anyway but probably recoverable
  • #157
  • Sep 24, 2018 6:27am Sep 24, 2018 6:27am
Quoting luca1073
{quote} I agree, i traded on real account eur usd for 1 year using this EA and it was pretty good. About brexit it could spike up or down depending on news but it shouldn't be as bad as with gbp pairs but of course nothing is guaranteed. expect big swings anyway but probably recoverable
Soo you survived that 130-150 pip move straight up on friday without problems...do you have any data on how much drawdown you had on that move i just wonder too where too set grid space i have it at 12 pips on the hedging EA i am testing because that is safe from blow ups atleast but of course if price stay at say level 8 ore 10 and goes up and down on a 15 pip range it will slowly drain account but i have seen stats from coder and its proffiteble for 4 ore 5 months with maximum drawdown at 20% i think up too 30% drawdown is ok but not a pip more...I am going too test the EA from this tread on a 100000 units cent demoaccount from Wednesday with 18 pips gridspace and start with small lots soo if settings allow me up too 15 levels...Then it will take 270 pips straight move ore more too kill it and that rearly happens that you get a move like that without a serius pullback...But i am staying away from GBP pairs...
You win some you loose some do both with peace of mind
  • #158
  • Sep 24, 2018 6:48am Sep 24, 2018 6:48am
Quoting magne999
{quote} Soo you survived that 130-150 pip move straight up on friday without problems...do you have any data on how much drawdown you had on that move i just wonder too where too set grid space i have it at 12 pips on the hedging EA i am testing because that is safe from blow ups atleast but of course if price stay at say level 8 ore 10 and goes up
and down on a 15 pip range it will slowly
drain account but i have seen stats from
coder and its proffiteble for 4 ore 5 months
with maximum drawdown at 20% i think up
too 30% drawdown is ok but not...
yes 150 pips is not that much at all, eur gbp i think had a 700 pips (not sure don't remember exactly) move on brexit referendum date. Other pairs did worse
expect much worse soon...

it survived because i had 7000 euros in the account and drawdown was only -1000 and
space between orders is 50 pips. If you use 10 pips during big red news like these you
will fail miserably unless you have a 100.000$ Account or more on 5 opened charts. You need at least 1200 euro per chart on eur gbp to feel a bit safe but those were probably not even enough during brexit referendum . On other pairs you need more
money
  • #159
  • Sep 24, 2018 6:59am Sep 24, 2018 6:59am
Quoting luca1073
{quote} yes 150 pips is not that much at all, eur gbp i think had a 700 pips (not sure don't remember exactly) move on brexit referendum date. Other pairs did worse expect much worse soon... it survived because i had 7000 euros in the account and drawdown was only -1000 and space between orders is 50 pips. If you use 10 pips during big red news like these you will fail miserably unless you have a 100.000$ Account or more on 5 opened charts. You need at least 1200 euro per chart on eur gbp to feel a bit safe but those were probably not even enough...
I am testing it on a cent account with 100000 units as i have said before i will set gridspace too 25 on this EA here and multiplier too 1.6 starting at 0.5 lots thats in reality 0.005 on a standard 1000 dollar account and will put it on 5 ore 7 charts its very importent that you have odd number on how many pairs you trade....Because with a cent account you need too be more agressive if you want too make money 1000 units being 10 dollars..
You win some you loose some do both with peace of mind
  • #160
  • Sep 24, 2018 4:45pm Sep 24, 2018 4:45pm
@luca
i use the ea now some month on a demo account on 3 pairs eurusd, eurnzd and eurgbp with a 1000€ account.
settings default on H4. works good ok, DD is 35% but all ok for me ... in 3 month +123% win!
(a other test also 3 month, almost the same result)

since today it runs on a 1k live account ... lets see ...

on which TF und wich settings are you trading?
0 traders viewing now