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Micro martingale with small capital

  • #3,661
  • Edited 11:47pm Feb 10, 2019 11:30pm | Edited 11:47pm
Quoting Elliot12345
{quote} Anpar, please I want to practice the manual use of this EA like you do. I have set up some indicators so hint me on the possible trend direction. I don't however know how to set the EA to manage my manual trades and close them up at a given/ set profit say $50. Can I get your set file for the manual usage please ? This will help me a long way as I hope to also target $50 per trade on a $2000 account. I hope to practice with it through out this month and paste my result here. Thank You
Hi Elliot,

I posted the set-file a few times in the thread, but to make this simple.

To trade manually, you need to do the following.

1. Set Signal_Level = 100 - This is need so that the EA does not trigger a new trade after your manual sequence of trades are closed.
2. Closing_Option = "In Currency"
3. Profit_Trailing_start = 50

Those are the 3 main parameters needed to trade manually based on a $ figure for closing. One thing I keep preaching is that you need to run back-test with your own broker. Performance between brokers vary widely.

Here is how I tested, in no particular order.

1. Determine trend signal based on a 4 hour chart. This should not be complicated, at a glace you should be able to determine if the trend is up or down.
2. Set the time you want to execute your manual trades, for me it is 10pm Atlantic day light savings time
3. Set the EA to trade based on Signal_Level = 00
4. Set the EA to trade only between 10pm - 11pm Atlantic time
5. Download tick data of the pairs you want to trade for at least a 1 full year.
6. Starting on Jan 3, run the EA based on the direction of the trend, so if the current 4 hour trend is short, I would set the EA to Sell only with "Reversal" = true..If trend is long I would set the EA to Long only with "Reversal" = false. In live trading, please note signal_level = 100 and Reversal is always equal to true.
7. Run the EA in the tester each of the trading days to see if my profit target was hit based on the parameters I set, in this case $50 profit per pair. I would test the parameters every trading day of the year, so for example, if the month of Jan had 20 trading days, I would manual test the EA 20 times representing each of the trading days in the month based on the direction of the trend. I would do this for every pair I intended to trade manually.
8. Days that I know important news is coming out, I skip and don't test. Hard rule, don't trade going into important news.

That is how I did my testing and how I came up with my parameters.
  • #3,662
  • Feb 10, 2019 11:57pm Feb 10, 2019 11:57pm
Quoting mrgmrg
Just Information Special attention to USDCHF and other cross pairs I am evaluating the USDCHF pair, especially the case on Monday morning which usually spreads widening and fast movements have an impact on slipage. The following picture shows the negative impact of USDCHF on a real account In this setting, in one closing cycle, it will add Balance, but in this case it will reduce Balance by -1200 Why ? Because the condition of the profit target is reached (25%) Close Triger, then the price moves quickly and widening spreads up to 150 (15 pips) This...
One reason, I close out all trades going into the weekend. With spikes and gaps, you do not want to end up on the wrong side. For me, by 12pm Friday, I typically will close all trades and take all loses or profits in stride and turn off the EA. Also, for any given trade sequence, If the sequence does not close in profit within 1 day, I manage the trade to a point where I can close it out with minimal loss, If I see that the trend has drastically change from the direction of my trades, I just close them.
  • #3,663
  • Feb 11, 2019 1:25am Feb 11, 2019 1:25am
Quoting mrgmrg
{quote} Number 11, means the next 12th transaction needs 180 minutes (from first order) 1. If Gird_pause_Option = 2 ==> enters the second pause area, normal. 2. If Grid_pause_Option = 1 and Free margin is enough, this needs to be investigated, give setfile and with what capital
here is the set file for audjpy, as explained in my previous posts
Attached File(s)
File Type: txt aj.set.txt   3 KB | 204 downloads
  • #3,664
  • Feb 11, 2019 2:34am Feb 11, 2019 2:34am
Quoting fabio.g
{quote} here is the set file for audjpy, as explained in my previous posts {file}
I tried checking with BT, until now it hasn't closed
1. Does AJ first order on the 6th? and first order at what price?
2. What are the spreads at this broker?
margiyono61 gmail com, Telegr @Margiyono
  • #3,665
  • Feb 11, 2019 2:42am Feb 11, 2019 2:42am
Quoting mrgmrg
{quote} I tried checking with BT, until now it hasn't closed 1. Does AJ first order on the 6th? and first order at what price? 2. What are the spreads at this broker?
spread isn t great but it was the only cent broker with 1:500 leverage and 0.01 lot i could find which would allow uk residents.

ist order 06/02/2019 3:30 79.204
  • #3,666
  • Feb 11, 2019 3:02am Feb 11, 2019 3:02am
Quoting fabio.g
{quote} spread isn t great but it was the only cent broker with 1:500 leverage and 0.01 lot i could find which would allow uk residents. ist order 06/02/2019 3:30 79.204
Okay, we are looking for the cause
1. With high spreads, you activate Trailing_step = 0.5 (this is often not achieved or error) ==> just info.
2. In the previous post you said the 11th transaction, the 11th transaction should be at the lowest price (177/15 = 11). Have you ever changed Marting_Min_Grid and haven't refreshed MT4?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture72.PNG Size: 35 KB
margiyono61 gmail com, Telegr @Margiyono
  • #3,667
  • Feb 11, 2019 3:04am Feb 11, 2019 3:04am
Quoting mrgmrg
{quote} Okay, we are looking for the cause 1. With high spreads, you activate Trailing_step = 0.5 (this is often not achieved or error) ==> just info. 2. In the previous post you said the 11th transaction, the 11th transaction should be at the lowest price (177/15 = 11). Have you ever changed Marting_Min_Grid and haven't refreshed MT4? {image}
1/ i will take note of that,
2/ yes i changed, it was 9 then i changed to 15 but i restarted.
  • #3,668
  • Feb 11, 2019 3:09am Feb 11, 2019 3:09am
Quoting fabio.g
{quote} 1/ i will take note of that, 2/ yes i changed, it was 9 then i changed to 15 but i restarted.
Ok, because the 11th transaction already exists (due to gerid 9), the next calculation uses Grid 15, then the next transaction is on Grid 12 if the price drops to around 12X15 = 180 pips.
Unless your Grid returns to 9 or 10, the OP transaction will be around 18
margiyono61 gmail com, Telegr @Margiyono
  • #3,669
  • Feb 11, 2019 3:19am Feb 11, 2019 3:19am
Quoting mrgmrg
{quote} Ok, because the 11th transaction already exists (due to gerid 9), the next calculation uses Grid 15, then the next transaction is on Grid 12 if the price drops to around 12X15 = 180 pips. Unless your Grid returns to 9 or 10, the OP transaction will be around 18
interesting so the grid os actually generated from the very fofir order counts. very interesting and un usual for a marti.

now in another subject, when i started evaluating this ea, 9b, the first set i got was with tp and sl, which we always thought was a bad idea,even though im bt was great on any pair, but what about we use a spread check on closing, and say that if spread is bigger than 50points and profit < 0 then NOClosing. maybe adding a time stamp for the check like sunday opening through monday london opening
  • #3,670
  • Feb 11, 2019 3:28am Feb 11, 2019 3:28am
Quoting fabio.g
{quote} interesting so the grid os actually generated from the very fofir order counts. very interesting and un usual for a marti. now in another subject, when i started evaluating this ea, 9b, the first set i got was with tp and sl, which we always thought was a bad idea,even though im bt was great on any pair, but what about we use a spread check on closing, and say that if spread is bigger than 50points and profit < 0 then NOClosing. maybe adding a time stamp for the check like sunday opening through monday london opening
About eidening spreads, like this morning I became a victim of USDCHF.
That is, so that the closing is limited to max_spread ? Good idea.
This can be done if closing is not due to trailing or SL / TP.
Ok note, the next version of the option will be added.
margiyono61 gmail com, Telegr @Margiyono
  • #3,671
  • Feb 11, 2019 3:35am Feb 11, 2019 3:35am
Quoting mrgmrg
{quote} This can be done if closing is not due to trailing or SL / TP.
good stuff, i am glad that sometimes i get good ideas

but i don't quite understand what you mean in the quote?
  • #3,672
  • Feb 11, 2019 3:45am Feb 11, 2019 3:45am
Quoting fabio.g
{quote} good stuff, i am glad that sometimes i get good ideas but i don't quite understand what you mean in the quote?
I mean, if widening spread is extreme, no closing is done even though it is already profit, waiting until the spread is normal.
But if closing by SL / TP cannot be limited because this is a facility from MT4
margiyono61 gmail com, Telegr @Margiyono
  • #3,673
  • Feb 11, 2019 3:59am Feb 11, 2019 3:59am
Quoting mrgmrg
{quote} I mean, if widening spread is extreme, no closing is done even though it is already profit, waiting until the spread is normal. But if closing by SL / TP cannot be limited because this is a facility from MT4
if the cycle is already in profit with a wider spread, once it gets back to normal spread, it should lead to higher profit.

i thought that can be done using virtual TP/SL
  • #3,674
  • Feb 11, 2019 5:49am Feb 11, 2019 5:49am
Quoting fabio.g
{quote} if the cycle is already in profit with a wider spread, once it gets back to normal spread, it should lead to higher profit. i thought that can be done using virtual TP/SL
Yes, Virtual SL / TP can be done, but SL / TP here applies individually per transaction, not a combination of several transactions.
And the closing percentage works the same as virtual closing, can be individual transactions but if there is already a marting, closing will be combined by several transactions.
margiyono61 gmail com, Telegr @Margiyono
  • #3,675
  • Feb 11, 2019 7:53am Feb 11, 2019 7:53am
Quoting mrgmrg
{quote} Yes, Virtual SL / TP can be done, but SL / TP here applies individually per transaction, not a combination of several transactions. And the closing percentage works the same as virtual closing, can be individual transactions but if there is already a marting, closing will be combined by several transactions.
so you are saying that tp/and sl are applied to the first transaction in a possible cycle, that explains why it works fine with signal level > 5
  • #3,676
  • Feb 11, 2019 7:58am Feb 11, 2019 7:58am
Quoting fabio.g
{quote} so you are saying that tp/and sl are applied to the first transaction in a possible cycle, that explains why it works fine with signal level > 5
Current conditions, SL / TP for all transactions (not only first order).

For Trailing_Start_2, it's true that only first order has not yet been formed marting ==> works to move SL to the profit area then stops there
Then Trailing_Start continues Trailing_Start_2
margiyono61 gmail com, Telegr @Margiyono
  • #3,677
  • Feb 11, 2019 8:29am Feb 11, 2019 8:29am
Quoting mrgmrg
{quote} Current conditions, SL / TP for all transactions (not only first order). For Trailing_Start_2, it's true that only first order has not yet been formed marting ==> works to move SL to the profit area then stops there Then Trailing_Start continues Trailing_Start_2
sorry i am a bit lost,

tp/sl are applied to all positions in a cycle, so it will close the positions that will hit sl or tp in that cycle, but then you say "if there is already a marting, closing will be combined by several transactions"

does it mean that it will close position depending which parameter for closing has been hit.
  • #3,678
  • Feb 11, 2019 8:49am Feb 11, 2019 8:49am
i've been doing backtesting for the last couple of days , was wondering if any of you guys managed to lower DD or have a good DD reduction method via existing options . i found that extensively long trend is what kills it. Currently i believe 0.1, Marting 35, Trailing Active , Hedge, and DD maintenance is one of the must have but returns is lower around 45 - 55% P.A . DD Estimated around 21%-68% except for Year 2012 (killed Account). Based on Modeling 99.90
  • #3,679
  • Feb 11, 2019 8:51am Feb 11, 2019 8:51am
Quoting fabio.g
{quote} sorry i am a bit lost, tp/sl are applied to all positions in a cycle, so it will close the positions that will hit sl or tp in that cycle, but then you say "if there is already a marting, closing will be combined by several transactions" does it mean that it will close position depending which parameter for closing has been hit.
Ok, EA has several ways of closing :
1. SL / TP ==> For all transactions (do not see the type of transaction)
2. Trailing ==> Trailing_Start_2 only works on first order
3. Percentage closing ==> Single transaction closing (first order) or a combination of several transactions when marting has occurred.
4. Close all transactions if there is a Buy and Sell transaction and the profit has been reached for Close_if_Profit_Combine%
5. etc (optional by DD, EOD, EOW, Lockbal)
margiyono61 gmail com, Telegr @Margiyono
  • #3,680
  • Feb 11, 2019 9:14am Feb 11, 2019 9:14am
Quoting cupidsux
i've been doing backtesting for the last couple of days , was wondering if any of you guys managed to lower DD or have a good DD reduction method via existing options . i found that extensively long trend is what kills it. Currently i believe 0.1, Marting 35, Trailing Active , Hedge, and DD maintenance is one of the must have but returns is lower around 45 - 55% P.A . DD Estimated around 21%-68% except for Year 2012 (killed Account). Based on Modeling 99.90
deposit?
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