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Success with Martingale & Hedge - Possible?

  • #401
  • Jan 3, 2019 6:48am Jan 3, 2019 6:48am
Quoting KashifNawaz
{quote} 100 pips grid on any pair (even as volatile as GBPJPY) will give you very less profits I guess but also less risk.
Today EURJPY spike down blown away my 7k demo account using default settings.
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  • #402
  • Jan 3, 2019 1:00pm Jan 3, 2019 1:00pm
i'd tried it on 13 pairs, but it works ONLY on EURUSD
  • #403
  • Jan 14, 2019 8:47pm Jan 14, 2019 8:47pm
Hi All,

I just tried this EA; it works fine during normal market condition but it will definitely blow away our accounts when there's a BIG spike up/down.

Is it possible to have 2 different Multiplier, we use a lower multiplier for the first 5 levels and then use the default number after level 6?
Any programmer can help on this idea?
  • #404
  • Jan 15, 2019 5:56pm Jan 15, 2019 5:56pm
Quoting Macau
Hi All, I just tried this EA; it works fine during normal market condition but it will definitely blow away our accounts when there's a BIG spike up/down. Is it possible to have 2 different Multiplier, we use a lower multiplier for the first 5 levels and then use the default number after level 6? Any programmer can help on this idea?
exactly this is what I was thinking today that if we change the pip step after X numbers of levels
another thing is if we can open hedge trades as same as with martingale trades.
I am already changing the multiplier manually at level 5.
if any good coder is interested please message me for further ideas.
  • #405
  • Jan 19, 2019 6:48am Jan 19, 2019 6:48am
Quoting c0ldsun
Very nice EA... I have it OOB running on my demo account since 11.Sep. You can check results here: https://www.myfxbook.com/members/c0l...ect-ea/2629054 (before i tested another EA, so it started when curve is constantly going up, so please ignore the absolute numbers, it started ~ -2000 profit) However so far the EURGBP pair is ranging, lets see how it behaves when Brexit results are on the table.
Still doing very well, even with some volatility on GBP.
  • #406
  • Jan 22, 2019 3:06pm Jan 22, 2019 3:06pm
Quoting c0ldsun
{quote} Still doing very well, even with some volatility on GBP.
Really? well done.
  • #407
  • Jan 27, 2019 11:31pm Jan 27, 2019 11:31pm
i have 2 ideas to reduce the risk in this ea:
1 - not use martingale multiplier but addlot for example start with 0.01 addlot=0.01
every step is +0.01 or if you put addlot=0.02 every step is +0.02.
2 - not buy and sell in the same time first time but buy when there is the signal of buy
and sell when there is the signal of sell. signals can be anyone or indicator or whatever
formula.... if someone can tell me a good signal to buy or sell i will try to
modify this ea to make it work better..... these are my 2 cents....
  • #408
  • Jan 29, 2019 2:18pm Jan 29, 2019 2:18pm
Ok my friends.. finally i made it. I changed multiplier in addlot
and gave my signal for buy/sell trades.
It was able to recover a 33% dd in my backtes of eur/usd m15.
If you want give it a try....
I will give up this ea and dedicate me to other studies.
bye bye.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 gwf.ex4   39 KB | 840 downloads
File Type: txt gwfeu15.txt   1 KB | 786 downloads
  • #409
  • Feb 21, 2019 12:49pm Feb 21, 2019 12:49pm
Hello KashifNawaz,

My 2 cents: You should consider a non-constant Martingale.
Good parameters will increase your profits and decrease your drawdown.

Kind regards,

Mikiburger
  • #410
  • Feb 21, 2019 2:09pm Feb 21, 2019 2:09pm
Quoting Ezios
i have 2 ideas to reduce the risk in this ea: 1 - not use martingale multiplier but addlot for example start with 0.01 addlot=0.01 every step is +0.01 or if you put addlot=0.02 every step is +0.02. 2 - not buy and sell in the same time first time but buy when there is the signal of buy and sell when there is the signal of sell. signals can be anyone or indicator or whatever formula.... if someone can tell me a good signal to buy or sell i will try to modify this ea to make it work better..... these are my 2 cents....
please try with reversals indicators like weekly pivots or OB-OS indicator or breakout indicators like fractals of higher time frame.
  • #411
  • Edited 2:47pm Apr 10, 2019 1:41pm | Edited 2:47pm
Quoting KashifNawaz
Hundreds of threads on the same topic, thousands of posts and millions of discussions here on FF and lot of experts had already proved many times that Martingale, Grid and Hedge systems will never work in the long run unless one has huge capital in his bank. But still, there are many traders (maybe day-dreamers ) who believe that these systems can work in reality even with low capital and proper Money Management. Possible? Well, I am one of those day-dreamers who believe this is possible despite already lost so much money in this. ===========================================================...
Thank you @KashifNawaz for sharing your EA, I'm also a believer and lost thousands with grid/hedge 5 years ago and still don't lose the faith
Here you can check my 4 months forward testing with small adjustments and 3 pairs
http://www.myfxbook.com/members/marc...thflow/3191060

Then I decided to perform exhaustive backtest and optimization using 99.9% modeling quality to get the best possible settings but it always crashed. (E.g. attached)

I have very good Computing power VPS but if you port to MT5 I could test for you with hundreds of processors simultaneously to get the best settings per currency pair because MT4 is limited to one processor at 32bits.

I think it's just missing 2 key settings to perform long run backtest:

1) Max Drawdown % (Close all positions if cross this % filtering by magic number in case of trading several symbols concurrently like my fwd test, the current "account locking" setting isn't scalable)
2) Multiplicate "lot size" each "X" balance increase (To compound the profits)


Maybe you already found the holy grid/hedge grail and don't want to disclose publicly with the crowds? If you do please share by PM with those who really took time and effort to believe and test your ideas.

Thank you!
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  • #412
  • Apr 16, 2019 9:38pm Apr 16, 2019 9:38pm
Is your GoWithFlow EA still developing it? It's a fantastic EA for me. I see the point that it should be useful is that the profit point of mag1 should have a Break Even Point system or a trailing start / step to change the point of profit not to be fixed and it will make more profit. If you KashifNawaz will develop In this section, add it and share it to the public. Use it. I will thank you KashifNawaz for the best. And if EA can use GoWithFlow to use in MT5 too, it's a good thing in the future. Thanks for the good EA.

  • #413
  • Edited 12:57am Apr 17, 2019 12:33am | Edited 12:57am
Nearly one year ago I told Kashi in the beginning of this thread, that his approach has limits and most likely will not succeed in the long run. Obviously I was right having all the blown accounts in mind that are beeing reported.

Nevertheless I want to encourage you to keep on working - it IS possible to be successful using grid/martingale techniques in the longer run. Do not mistake this as a guarantee though.

PS: this is one of my accounts
PPS: i am NOT promoting or selling anything - save your time.
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  • #414
  • Apr 17, 2019 3:05am Apr 17, 2019 3:05am
Quoting Drolph
Nearly one year ago I told Kashi in the beginning of this thread, that his approach has limits and most likely will not succeed in the long run. Obviously I was right having all the blown accounts in mind that are beeing reported. Nevertheless I want to encourage you to keep on working - it IS possible to be successful using grid/martingale techniques in the longer run. Do not mistake this as a guarantee though. PS: this is one of my accounts PPS: i am NOT promoting or selling anything - save your time. {image}
We are all happy about your achievement.
As you can see we are all struggling here so could you please address us toward to right direction as you said the approach here was wrong.
Not asking your strategy
  • #415
  • Apr 17, 2019 4:11am Apr 17, 2019 4:11am
You have to find something unique. A specific idea using these grid techniques for a specific pattern or pair or timeframe. Based on my experience there is no solution that works for "every" market situation. What I am trying to say is there won't be a grid EA you will be successfully using for multiple pairs for example. I did not found one at least until now.

Afterwards make sure to test it for 10(!) years at minimum including not only tickdata, but slippage as well (there is only one paid solution, that will be able to do that)! It was a struggle for me to come to that point too. There is no easy route unfortunately.
  • #416
  • Apr 17, 2019 4:22am Apr 17, 2019 4:22am
Quoting Drolph
You have to find something unique. A specific idea using these grid techniques for a specific pattern or pair or timeframe. Based on my experience there is no solution that works for "every" market situation. What I am trying to say is there won't be a grid EA you will be successfully using for multiple pairs for example. I did not found one at least until now. Afterwards make sure to test it for 10(!) years at minimum including not only tickdata, but slippage as well (there is only one paid solution, that will be able to do that)! It was a struggle...
Thanks for your time.
And I completely agree with you and understood what you are trying to say.
Cheers
  • #417
  • Apr 17, 2019 4:41am Apr 17, 2019 4:41am
is there any EA that adds trades on positive trades if we start with 0.01,every retrace,it adds more trades and close previous profitable trades with partial profits?
  • #418
  • Apr 17, 2019 6:19am Apr 17, 2019 6:19am
If you're using a grid strategy, it's important to be disciplined with your exits. Sometimes you need to exit even if you're at a loss. That's just part and parcel of running a grid. Most people don't realise that.
  • #419
  • Apr 19, 2019 2:49am Apr 19, 2019 2:49am
Quoting T4Trade
is there any EA that adds trades on positive trades if we start with 0.01,every retrace,it adds more trades and close previous profitable trades with partial profits?
I won't share it but my own EA adds trades both ways, when the price goes against you like standard grid and then pyramid when the price goes your way.

From my observation that was a weakness of standard grid traders; that they would not add trades when a strong trend pushed the price up if you were long.

Regarding grid traders that can survive different market conditions, one way is to make a generic trader that opens trades but you manually close them. Then the adaptation is done by you.
  • #420
  • Apr 23, 2019 2:29am Apr 23, 2019 2:29am
Quoting Drolph
You have to find something unique. A specific idea using these grid techniques for a specific pattern or pair or timeframe.
This is what I am trying to do since last 3 years. From starting with naked Martingale, Hedge and Grid systems (losing a lot of money to gain experience), till date playing with flames of the same fire which burnt millions of traders. Still I believe, Holy Grail Exists in Grid Systems (or may be only in Grid Systems).

Quoting Drolph
Based on my experience there is no solution that works for "every" market situation.
I do agree with you but some EA exist which work 90% time in a year. If my EA makes 3000-5000$ per month and I withdraw on monthly basis and then i see margin call twice in a year, I am still fine with it. Unless I have a bad luck and hit MC in very first month.
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