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Success with Martingale & Hedge - Possible?

  • #201
  • Sep 25, 2018 7:02am Sep 25, 2018 7:02am
Quoting magne999
{quote} I have talked on all EA treads today and earlier abaut someone can code a grid EA with hedge features soo when a toyal number of levels ore % of drawdown can trigger a hedge opening possisions that close eachother out until its safe too let it run again....I am taking my hat of for you...
Good to know that you have same thoughts like few other traders here believe that martingale with hedge and proper MM can work. Thanks for liking the EA, much appreciated.

Quoting magne999
{quote} .Since i am running a cent account i am starting at 0.1 lots that is in reality 0.001 lots and changed grid space too 12 maximum lots 150 since a cent account its 1.5 standard else i left most defult i cant wait too see results i am going too test it for a month tuning settings every week and then goo live if this works out fine because evryone will want too make as most as possible with minimum drawdown....
Best wishes for your testing. However backtest and forward test this for enough time to get the ideal setting according to your deposit amount so that you may not lose money in live account.

Quoting magne999
{quote}I also rented a EA for 20 dollars for month with live results that i am also testing for a month,but that i should find exactly what i was looking for for free i wouldnt dream of....Please let us know if you have any costs with develooping this too be as good as can be i am sure we will make a moneypit here together too make your costs with this as low as possible...I am subscribed too you and this traed cant wait til market opens....have a nice Sunday...Keep it green...
You are most welcome. Thanks for your offer to share the cost but thanks anyway. I am doing this for my own satisfaction and spending every week for coding new features in this EA. Will share once find something genuine.

Quoting magne999
Hidden
I also traded with FBS in past, love their spreads but they offer 50% hedge margin.
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  • #202
  • Sep 25, 2018 7:07am Sep 25, 2018 7:07am
Quoting magne999
I can see with my setting starting at 0.35 lots on cent account really 0.035 on standard account that it opens sell 0.75 grid and 0.52 buy hedge and 1.13 sell grid and 0.35 buy hedge if it goes like 30 pips ore more on thoose hedges then they should be closed out with profit because the chance of reversal in direction of grid are larger the longer it goes and mayby open new hedges if another grid is opened that way you can make profit both ways....Just a tought...
Sorry but I could not understood what you want to say here. Can you please explain this with a screen shot? Thanks
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  • #203
  • Edited 7:31am Sep 25, 2018 7:18am | Edited 7:31am
Quoting magne999
{quote} Are you giving up on the EA
Not at all. This EA is my base and starting point for all my future projects because I only know this Grid way of trading. :-) But I never used this current version on real account. (i used similar in past and made losses)

Quoting magne999
{quote} i really belive that this is the naswer too make a good consistent profit either of a cent account with 45000 unints and more its all abaut accountsize and grid distance i did a mistake soo it opened two trades with 150 lots and dropped quickly down too 92000 before icould close them but it has made up too 94500 in just a few ours that is 2.5% and that is starting of at 0.35 in reality 0.035 with a 10000 account i really belive that some fine tuning on engine 2 can make this EA perfect
My friend, basic structure of all grid and martingale type of EA's is based on following;

*Grid Distance
*Multiplier
*Initial Deposit
*Initial Lot

So whatever figures you use for above, you will earn good profits but one day you will lose everything (unless you are lucky enough to make some withdrawals), that's my experience so far. If you will play with safe setting then you will have low monthly profits.

Quoting magne999
{quote} I really hope that you will share this new system with us
Will definitely share results if got succeeded in my mission.

Quoting magne999
{quote} i am sorry on behalf of FF people that are using bad language and not aprichiate the work you put in ,but not everyone here is like that....Keep that in mind..
Its not about bad language or attitude, the thing which disappointed me that here on FF, many expert programmers are available but I failed to get their attention to get benefit from their expertise (to tune this kind of EA by adding features and new engines). Maybe they already believe that these kind of EA already fails. Anyways...nevermind... forex party is ON.....

Quoting magne999
{quote} If you can make an even better system than this i am ready too test it for you on a cent account i have nothing running on...Did you blow a account with this EA is that why you dont belive in it anymore???
Thanks for your offer friend. Will let you in case required.


Quoting magne999
{quote} Did you blow a account with this EA is that why you dont belive in it anymore???
No.. I never tried this on real, however used similar kind of EA "Quantec" which I purchased around with 249$ for only one account license (attached here - free demo version). I didn't knew about martingale and backtest then unless lost my first account of 5k $.
Attached File(s)
File Type: ex4 #Quanttec.ex4   35 KB | 626 downloads
File Type: pdf Quanttec User Manual.pdf   664 KB | 1,224 downloads
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  • #204
  • Sep 25, 2018 7:43am Sep 25, 2018 7:43am
Quoting aleho
I use your set file on the txt. How come I'm not making any profit? it remains the same? I am suppose to turn off SL and TP?? Do you have a better set file on txt? {image}
You can ignore the set file and try the default setting. I am removing the set file anyway.

Quoting aleho
{quote} I'm not sure what the problem is.. I attached the EA, I loaded up the text file for the set file and I let it run. When I backtest, it runs smoothly, but forward testing on my demo account isn't work properly. Here is a new update after a bunch more hours. What am I missing? {image}
You can ignore set file and use default setting but modify multiplier to 1.5 or 2. Does it work?
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  • #205
  • Sep 25, 2018 7:51am Sep 25, 2018 7:51am
Quoting samuel84
I stumbled on this thread earlier today and decided to give it a try..I too am getting entries with all 0.01 lot. I'm using a standard account and set the multiplier to 1.5 instead of the default 1.3.
1.5 is too risky if your deposit is less than 10,000$. I hope you are trying this on Demo account.
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  • #206
  • Sep 25, 2018 8:06am Sep 25, 2018 8:06am
Quoting KashifNawaz
{quote} 1.5 is too risky if your deposit is less than 10,000$. I hope you are trying this on Demo account.
Yup, on demo for now..want to see how it works..
I too have used & am using marti and grid systems. Some work but not due to the system but rather by using less volatile pairs.
So, your system methodology has really caught my attention.
  • #207
  • Sep 25, 2018 8:37am Sep 25, 2018 8:37am
Quoting samuel84
{quote} Yup, on demo for now..want to see how it works.. I too have used & am using marti and grid systems. Some work but not due to the system but rather by using less volatile pairs. So, your system methodology has really caught my attention.
Good to know that you are also fond of martingale and grid. Agree to some extent but less volatile pairs also can go mad. I also lost money with USDCHF and AUDNZD as well.

Your suggestions for improvement in this system will be highly appreciated. Thanks
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  • #208
  • Sep 25, 2018 2:22pm Sep 25, 2018 2:22pm
Quoting KashifNawaz
{quote} 1.5 is too risky if your deposit is less than 10,000$. I hope you are trying this on Demo account.
I have a 100000 cent account as i said i set multiplier too 1.6 and starting lot at 0.35,but that was too high i havent had more than 5% drawdown yet,but i sat it down too 0.1 thats in reality 0.01 on a 10000 account and i belive thats more like it.....but KashifNawaz isnt there the hedge feature in this EA prewentik it from blowing accounts doesnt it work.....When it comes too a level it should open doubble possisions canseling each other out that is a idea make the bigger lots as the grid should,but cansel each other out and when reversal confirmed take profit of the hedge and make the grid coome too work,,,there can be patterns and reversal candle confirming reversal....There are many ways too doo that...And that way it will always be safe from blow up and making profits both ways it can actually increase profits and save from blow up....Just an idea...
You win some you loose some do both with peace of mind
  • #209
  • Sep 26, 2018 3:44am Sep 26, 2018 3:44am
Quoting magne999
{quote} but KashifNawaz isnt there the hedge feature in this EA prewentik it from blowing accounts doesnt it work.....
Function works but not safe enough to avoid blowup of the account.

Quoting magne999
{quote} When it comes too a level it should open doubble possisions canseling each other out that is a idea make the bigger lots as the grid should,but cansel each other out and when reversal confirmed take profit of the hedge and make the grid coome too work,,,there can be patterns and reversal candle confirming reversal....There are many ways too doo that...And that way it will always be safe from blow up and making profits both ways it can actually increase profits and save from blow up....Just an idea...
Yes, its works in the same way but what if price starts ranging at hedge level? Hedge trade opened and hit SL, reborn and again hit SL and same thing repeating... what we gonna do? that's the only risk of this EA.

If you are using a broker which offer zero hedge margin and less spread, you will get an extra edge off-course.
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  • #210
  • Sep 26, 2018 4:32am Sep 26, 2018 4:32am
Quoting KashifNawaz
{quote} Function works but not safe enough to avoid blowup of the account. {quote} Yes, its works in the same way but what if price starts ranging at hedge level? Hedge trade opened and hit SL, reborn and again hit SL and same thing repeating... what we gonna do? that's the only risk of this EA. If you are using a broker which offer zero hedge margin and less spread, you will get an extra edge off-course.
If you have a hedge that i talk abaut you can take profit of hedge say every New grid opens there will be limited Because Reverse is coming and if you open hedge possisions at the same time as grid and same size it doesnt matter if it goes up and down its either closed for reversal ore closed for profit and if reversal dont come and goes on open Å hedge again there will be some small losses but not soo much that it will loose in total....Say you open a 4 lot possision level 11 ore someting grid space at 15 pips it goes away from opening too next levels close hedge profit 600 opens a 8 lot level 12 1200 reverses 45 pips lot 8 45 pips 4 30 pips lot 2 15 pips close 4300 profit+hedge 6100 this is of course rear but can be done pretty safely if coded correctly....Do you understand i know it's much and complicated....
You win some you loose some do both with peace of mind
  • #211
  • Sep 26, 2018 6:09am Sep 26, 2018 6:09am
Quoting magne999
{quote} If you have a hedge that i talk abaut you can take profit of hedge say every New grid opens there will be limited Because Reverse is coming and if you open hedge possisions at the same time as grid and same size it doesnt matter if it goes up and down its either closed for reversal ore closed for profit and if reversal dont come and goes on open Å hedge again there will be some small losses but not soo much that it will loose in total....Say you open a 4 lot possision level 11 ore someting grid space at 15 pips it goes away from opening...
yes friend, this EA is working almost in same manner except hedge trade can be closed only by hitting SL or Trailing Stop. Trailing stop is better option because it can grab more profit while martingale is in deep trouble. To easily understand the structure of this EA, please backtest this with following setting (attached here) with initial deposit of 10k. You will realize that even hedge trades fail to save the account when price keep going in one direction in stair way (not in spike).

Engine 2 has many hedge options to play with. I have updated in first post, maybe it will help you to clearly understand current state of this EA and then you may suggest some better solutions. Thanks for your interest
Attached File(s)
File Type: txt Set_File.txt   1 KB | 645 downloads
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  • #212
  • Sep 26, 2018 3:28pm Sep 26, 2018 3:28pm
Quoting KashifNawaz
{quote} yes friend, this EA is working almost in same manner except hedge trade can be closed only by hitting SL or Trailing Stop. Trailing stop is better option because it can grab more profit while martingale is in deep trouble. To easily understand the structure of this EA, please backtest this with following setting (attached here) with initial deposit of 10k. You will realize that even hedge trades fail to save the account when price keep going in one direction in stair way (not in spike). Engine 2 has many hedge options to play with. I have...
I have followed it it takes way too much pips for profit its better too have the multiplier at 1.6 and take profit at 25-30 pips pullback, because now if it opens 5 gridlevels it doesnt take profit until 3 and a half levels pullback and thats not pullback thats a move in strong long trends it can goo 200-300- 500 pips buts always make 20-30 pips pullbacks it is thoose pullbacks we must take advantege of....Is there a way too set it too take profit 30 pips on pullback from last level and set multiplier too 1.6-1.7 and use 14-15 pips gridspace...
You win some you loose some do both with peace of mind
  • #213
  • Sep 26, 2018 3:30pm Sep 26, 2018 3:30pm
The settings i use now made 7.8% since monday on 100000 cent account and 4% drawdown at most that is very good...
You win some you loose some do both with peace of mind
  • #214
  • Edited 3:58pm Sep 26, 2018 3:45pm | Edited 3:58pm
The settings are wrong when you get possitive pips on a grid that works fine you should be negative on pips on every trade over 5 levels its crutual that it doesnt need very many pips too get out at a profit of say 0.5-1 % pr trade....its not abaut getting it too go as far as possible before bust its importent too take the pullback and get out....say it goes 80 pips 25 pips pull back another 80 pips 35 pips pullback and your out if not it can goo another 80 pips and then turn and goo 100 pips but then you are blown 240 -300 pips its maximum of what it can take 400 is too much....but 400 you have pullbacks i may bee wrong i havent done math i have just taken it out by head math.....But you get the picture...But thanks a lot for greate work i wish i could code also...
You win some you loose some do both with peace of mind
  • #215
  • Sep 26, 2018 4:04pm Sep 26, 2018 4:04pm
I sat take profit at 500 dollar on the 100000 cent account i guess that will fix the pullback problem taking 0.5% profit of a trade.....That was the perfect setting i didnt see that before now...
You win some you loose some do both with peace of mind
  • #216
  • Sep 26, 2018 9:59pm Sep 26, 2018 9:59pm
Hello, I would like to thank you for the post and the idea, I also agree with you that the idea of Martingale is valid, I currently have an EA that I am running based on Martingale, This EA almost broke my account recently by the brexit news in the GBP while it was operating in the GBP / NZD pair and had a fall of 3352 points. I would like to improve this EA so that it could withstand at least 5000 points, the bigger historically than I have seen so far without a reversion. I want to achive a a profit of 1% per day with this EA using low risk maybe 0,01 lot per 2500 balance.
  • #217
  • Sep 27, 2018 8:04am Sep 27, 2018 8:04am
Quoting magne999
{quote} I have followed it it takes way too much pips for profit its better too have the multiplier at 1.6 and take profit at 25-30 pips pullback, because now if it opens 5 gridlevels it doesnt take profit until 3 and a half levels pullback and thats not pullback thats a move in strong long trends it can goo 200-300- 500 pips buts always make 20-30 pips pullbacks it is thoose pullbacks we must take advantege of....
The more aggressive will be the multiplier, the more profit you will get, the lesser retracement of price will be required to hit cycle TP but more will be the risk.

The more conservative will be the multiplier, profit will be not that much, more retracement of price will be required to hit cycle TP but lesser will be the risk.

Quoting magne999
{quote} Is there a way too set it too take profit 30 pips on pullback from last level and set multiplier too 1.6-1.7 and use 14-15 pips gridspace...
Currently its not added in this but Yes, there is a way. You have code file, some programmer need to make necessary changes in it. or if you know MQL4 then you can do it yourself.
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  • #218
  • Sep 27, 2018 8:07am Sep 27, 2018 8:07am
Quoting magne999
The settings are wrong when you get possitive pips on a grid that works fine you should be negative on pips on every trade over 5 levels its crutual that it doesnt need very many pips too get out at a profit of say 0.5-1 % pr trade....its not abaut getting it too go as far as possible before bust its importent too take the pullback and get out....say it goes 80 pips 25 pips pull back another 80 pips 35 pips pullback and your out if not it can goo another 80 pips and then turn and goo 100 pips but then you are blown 240 -300 pips its maximum of what...
Yes agree with you. You need to find a balance of Multiplier and Distance to get the right pull back now and then and to restart the cycle everytime to avoid stuck in bigger cycle.
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  • #219
  • Sep 27, 2018 8:10am Sep 27, 2018 8:10am
Quoting davi9411
Hello, I would like to thank you for the post and the idea, I also agree with you that the idea of Martingale is valid, I currently have an EA that I am running based on Martingale, This EA almost broke my account recently by the brexit news in the GBP while it was operating in the GBP / NZD pair and had a fall of 3352 points. I would like to improve this EA so that it could withstand at least 5000 points, the bigger historically than I have seen so far without a reversion. I want to achive a a profit of 1% per day with this EA using low...
Thanks friend. best wishes for your EA. Let us know if you find some better setting or new idea. Thanks
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  • #220
  • Sep 27, 2018 8:37am Sep 27, 2018 8:37am
Quoting davi9411
Hello, I would like to thank you for the post and the idea, I also agree with you that the idea of Martingale is valid, I currently have an EA that I am running based on Martingale, This EA almost broke my account recently by the brexit news in the GBP while it was operating in the GBP / NZD pair and had a fall of 3352 points. I would like to improve this EA so that it could withstand at least 5000 points, the bigger historically than I have seen so far without a reversion. I want to achive a a profit of 1% per day with this EA using low...
0.01 pr 2500 is too risky however you use a grid you need atleast 10000 pr 0.01 if too survive in the long run i am putting this EA on alive 45000 cent account the 20th oktober and starting 0.03....
You win some you loose some do both with peace of mind
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