Success with Martingale & Hedge - Possible?

Quoting KashifNawaz

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{quote} Thanks friend for your comments, will wait for your feedback after testing this. {quote} Hi Friend, Please share details like what is your broker? what is your account leverage? what error you receive in journal or expert tabs.

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Quoting quincyq2003

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{quote} Hi KashifNawaz Attach file is my tester environment Could you help to check it, why my tester can't trader? {image} {image} {image}

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Quoting quincyq2003

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{quote} Hi KashifNawaz Attach file is my tester environment Could you help to check it, why my tester can't trader? {image} {image} {image}

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      if(nbuy(mag1)==0 && nsell(mag1)==0)
        {
         BUY(lot,mag1,0);
         SELL(lot,mag1,0);
        }

      if(nbuy(mag1)==0 && nsell(mag1)>0)
        {
         BUY(lot,mag1,0);
         //SELL(lot,mag1,0);
        }
      if(nbuy(mag1)>0 && nsell(mag1)==0)
        {
         //BUY(lot,mag1,0);
         SELL(lot,mag1,0);
        }
      if(nbuy(mag1)==0 && nsell(mag1)==0)
        {
         BUY(lot,mag1,0);
         SELL(lot,mag1,0);
        }

Quoting don_forex

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I added in one little fix that I think makes it a little more responsive... the original only has... if(nbuy(mag1)==0 && nsell(mag1)==0) { BUY(lot,mag1,0); SELL(lot,mag1,0); } I like it better by getting right back into the position when a series closes out... if(nbuy(mag1)==0 && nsell(mag1)>0) { BUY(lot,mag1,0); //SELL(lot,mag1,0); } if(nbuy(mag1)>0 && nsell(mag1)==0) { //BUY(lot,mag1,0); SELL(lot,mag1,0); } if(nbuy(mag1)==0 && nsell(mag1)==0) { BUY(lot,mag1,0); SELL(lot,mag1,0); }

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Quoting Iry

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Hi all. https://www.forexfactory.com/iry#acct.94 Live account @ InstaForex , 5 digits account. Don't know why the balance is showing wrongly, current balance USD390. {file}

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   if(nsell(mag1)>0 && (NS(mag1)+NB(mag2)>=tp*(nsell(mag1)+nbuy(mag2)) || ((NS(mag1)+NB(mag2))/(LS(mag1)+LB(mag2)))*Point>=tpp*point))
     {
      CloseSell(mag1);
      if(nbuy(mag2)>0)
         CloseBuy(mag2);
     }
   if(nbuy(mag1)>0 && (NB(mag1)+NS(mag2)>=tp*(nsell(mag2)+nbuy(mag1)) || ((NB(mag1)+NS(mag2))/(LB(mag1)+LS(mag2)))*Point>=tpp*point))
     {
      CloseBuy(mag1);
      if(nsell(mag2)>0)
         CloseSell(mag2);
     }

Quoting Sedgley

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Hi, Regarding the question of whether martingale is possible, I want to share my own experience....... Over the last few years, being new and completely stupid i would test strategies for a day or two then i would put money into my fx account, win for a day and then lose it all. I soon learned not to double a winning trade because it only had to go back half as far to wipe it all out, that's what inspired me to test a system that started really small and doubled it when losing........i didn't know this was called a martingale system. I tested it...

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Quoting Sedgley

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Thanks Kashif, I don't really want to give too much away because its taken me much time and a bit of stress! Basically every trade has TP 50pips, double it at -100. Hedges close when they hit TP. I don't use SLs unless I've maxed out the margin. I have had more than 500 pips go against me and still got profit - at the moment i've got GBPCAD at -80 pips @ 0.08 (-£39) despite it dropping against me by 433 pips on Wednesday. My broker groups doubled trades together, so even though say 2 of 5 trades have paid it shows as 1 winning trade......i have...

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Quoting don_forex

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I have one more little mod that I like to use when dealing with multiple orders. Instead of having a static TakeProfit, I use a TP * the number of orders that is being considered for closing, making the TakeProfit dynamic. That way, one or two orders doesn't take forever to reach the profit level. And that too many orders closing at the same time does not close too early causing losses. if(nsell(mag1)>0 && (NS(mag1)+NB(mag2)>=tp*(nsell(mag1)+nbuy(mag2)) || ((NS(mag1)+NB(mag2))/(LS(mag1)+LB(mag2)))*Point>=tpp*point)) { CloseSell(mag1); if(nbuy(mag2)>0)...

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Quoting Merka

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{quote} Well done and my compliments about your success. How do you resisted 500 pips against you? Last week I lost 300£ on NZDCHF because price went against me by 200 pips. The draw down was increasing too much for my account and closed all the grid in loss. You mainly double the trade size instead of taking a loss. Correct? What about if the price goes against you by 1000 pips? Probably you will blow the account. Correct?

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Quoting Sedgley

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{quote} Yes i always double, never accept a loss Fortunately i havent had a trade go 1000 pips against me, but if it did it would depend when. Lets use EURGBP as an example (because its easy maths) 0.01 = 10p per pip. If it went down by 1000 instantly, hopefully i would have a hedging trade open and the slippage would pay me £100, then i could double it 3 times, so would be down 125 pips, hopefully a retrace would occur and it would TP at 50pips = £40 profit. If it went down gradually then it becomes a problem because it consolidates occasionally...

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