Success with Martingale & Hedge - Possible?
Hi KashifNawaz, i've been always skeptical about grid/martingale system. I appreciate a lot your sharing, thanks! As i can see from your myfxbook this EA is working out nice for you. Let me know if you would like a mt5 version of it, i think i could do that.
{quote} You have to be careful with these linear extrapolations. Since you can see an exponential curve, there is a money management system implemented. This means you will get the greatest monetary increase at the end of the observed timeframe. Averaging down monthly values afterwards is misleading in this context.
{quote} But yeah, I am using it live and the results are even exceedings the tests. Why? My Tickdata test uses variable spreads including slippage of 2.5(!) pips for each entry and exit...EACH! I am not facing these high values under live conditions until now.
{quote} The true secret of success still is diversification: this is not my only strategy used. In fact most part of the money is used for conservative approaches. Do not put your eggs into one basket only.
{quote} For your GoWithFlow I have no idea if it is a dead end. But always keep both sides of the medal focused! Most of the grids simply are not profitable enough compared to the risk they are housing.
i don't thinking Martingle and hedge is useful, and i don't think you should trade depending EA, but good luck with what you doing
If you can put an EA that uses 3 different trading strategy, for ranging entries, trending entries and hedging entries with a semi-martingale function then I think you'l be on the right direction.
Marti+grid+hedge. My experience: a) I believe the reason why this type of ea fail because of high impact news (in EU case), careful on high impact news especially those was not schedule. You may continue to enable the trade after news impact calm. You may also cut loss/profit when the high impact news move started.
b) Take only 1%-5% (from monthly capital) daily and stop the trade for that particular day. Come back next day.
c) In my case, I would not wait until NYO. My trade normally done before LO or during early time of LO (hitting 1%-5%). So that you will have more quality time with real human. .
Yes success with Martingale is possible. Just have a look to my post here: https://www.forexfactory.com/showthr...8#post11398818 and follow the rules. Signals are rather rare but profitable. My system uses a lot of indicators but most of them are efficient. Good luck
{quote} I noticed your tests are from 2015 to 2019 How you can test future price?
Success with martingale is only possible if your system can survive 3k pip drop...because that will happen sooner or later.
{quote} To survive that end of world situation you need a really big account or just cut the losses after a predetermined absolute DD.
Martingale always leads to big losses
{quote} hi kashif you think this ea is not worth putting more effort into it anymore? can i know what projects you are doing now ? i am interested to follow your work now and infuture , i like your way of doing and the effort. thanks for all the sharings, especially the guide for the backtest its awesome helped me out alot man.
{quote} Hi Friend, I mean, in current state, it will be waste of time to convert this into mq5. However there is lot of space to improve this EA and to make it blast free. I have few changes and adds on for this EA in my mind and I am working on them. I am not sure about the results because we cannot do trading that way manually. Only EA backtesting can give us glimpse. Other than this EA, I am working on a grid system which can generate high profit with low DD. (dream of every trader)
{quote} Hi Friend, I mean, in current state, it will be waste of time to convert this into mq5. However there is lot of space to improve this EA and to make it blast free. I have few changes and adds on for this EA in my mind and I am working on them. I am not sure about the results because we cannot do trading that way manually. Only EA backtesting can give us glimpse. Other than this EA, I am working on a grid system which can generate high profit with low DD. (dream of every trader)
