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reverse martingale

  • #1
  • First Post: Dec 24, 2008 3:45am Dec 24, 2008 3:45am
Hi all
I have attached an ea which is basically a martingale that will open a new position every x pips when the price goes against the previous order... etc.

What I would like to do is to do the exact opposite.

I would actually like to open a new position every x pips in the same direction as the trend, so that say i buy at 1.4000 and my pip distance is set to 20, then a new buy will be placed when the price gets to 1.4020.

I hope that's clear and that someone can point me in the right direction.
Cheers
Jim
Attached File(s)
File Type: mq4 35x20 BUY7L200SL.mq4   24 KB | 1,760 downloads
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #2
  • Dec 24, 2008 7:05pm Dec 24, 2008 7:05pm
Here is a grid EA with many settings. You should be able to program to your liking. Trade small with grid trading, lots will eventually add up. There are also EA's to close all positions based on criteria you choose. Can be helpful. As much as Good luck.
Attached File(s)
File Type: mq4 MakeGrid193_1.mq4   28 KB | 2,041 downloads
"Its not where your at, but where your coming from"
  • #3
  • Dec 26, 2008 1:31am Dec 26, 2008 1:31am
Quoting athalon7
Here is a grid EA with many settings. You should be able to program to your liking. Trade small with grid trading, lots will eventually add up. There are also EA's to close all positions based on criteria you choose. Can be helpful. As much as Good luck.
Thanks for your consideration, but this grid EA doesn't have the option to increase lotsize as it moves along...... - anyone else able to help??
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #4
  • Dec 26, 2008 1:49am Dec 26, 2008 1:49am
I was also thinking on those lines and I edited this EA provided by nanningbob. I do not know anything about programming yet but I tested this EA and it does place orders in the way you mentioned. Put the Reverse condition to True to place sell orders. Optimum settings needs much experimenting.
Please provide any info on the progress.
Attached File(s)
File Type: ex4 100x80 BUY 8L .02-edit.ex4   24 KB | 1,369 downloads
"Put all your efforts in becoming effortless"
  • #5
  • Dec 26, 2008 3:20am Dec 26, 2008 3:20am
Quoting IamTHAT
I was also thinking on those lines and I edited this EA provided by nanningbob. I do not know anything about programming yet but I tested this EA and it does place orders in the way you mentioned. Put the Reverse condition to True to place sell orders. Optimum settings needs much experimenting.
Please provide any info on the progress.
That's great thanks.
Could you tell me what coding changes you made? I had a good look (as a non-programmer) but couldn't find where to make the changes.
Any particular reason you posted an ex4 and not an mq4?

I'll test it once the markets are back to normal spreads and volumes.
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #6
  • Edited 9:25am Dec 26, 2008 8:01am | Edited 9:25am
Quoting Jim4x
That's great thanks.
Could you tell me what coding changes you made? I had a good look (as a non-programmer) but couldn't find where to make the changes.
Any particular reason you posted an ex4 and not an mq4?

I'll test it once the markets are back to normal spreads and volumes.
I changed the Open Market order section somewhere towards the end of the program. It was purely trial and error and I could get hardly time to test it due to market closure. It was opening orders in the correct order when I tested last on GBPJPY. It works in the Reverse only now. We need to change the SELL EA also and work in tandem. How to handle multiple closing when TP is reached?
There are many possibilities here, we can use this during trending time or as a hedge along with regular EA. We have arrive at TP and Pips.
My idea is to use use 1.0 as multiplication and/or use equal TP and Pips.
When market is ranging regular EA is better.
There are many unwanted portions which needs to be trimmed and I am looking forward to playing with it.
Attached File(s)
File Type: mq4 100x80 BUY 8L .02-edit.mq4   24 KB | 1,339 downloads
"Put all your efforts in becoming effortless"
  • #7
  • Dec 26, 2008 9:51am Dec 26, 2008 9:51am
Hi All,

Jim4x, I back test your ea but it does not open any position. By the way if you want to reverse, you just need to change

if ((LastPrice-Ask)>=Pips*Point || OpenOrders<1)
to if ((Ask - LastPrice)>=Pips*Point || OpenOrders<1)

and

if ((Bid-LastPrice)>=Pips*Point || OpenOrders<1)
to if ((LastPrice - Bid)>=Pips*Point || OpenOrders<1)

sorry i didn't read all your code but it should be work when you change that.

Thanks
  • #8
  • Jan 13, 2009 7:50am Jan 13, 2009 7:50am
Regarding all of the these EA's, is there any performance data on how they do and on what currency pair? How many positions can they open before they crash your account or do they have a max loss % built in? I love the idea of these martingale style EA's, but I'm a little concerned about crashing an account.
  • #9
  • Jan 14, 2009 1:40pm Jan 14, 2009 1:40pm
This is exactly what I was looking for, but is it me or it it only allowing buy positions?

Thanks
  • #10
  • Jan 15, 2009 12:13am Jan 15, 2009 12:13am
Quoting AsianTiger
This is exactly what I was looking for, but is it me or it it only allowing buy positions?

Thanks
You an set it to SELL by changing the Reverse condition to True in the properties section.
Here I am posting again both Buy and Sell separately.
Change TP, Pips (Steps for successive orders), Multiply (Increase in lotsize for successive orders) etc. to suit your requirement. You can experiment for different pairs, running both buy and sell simultaneously.
Attached File(s)
File Type: mq4 ReverseMartingale BUY.mq4   24 KB | 2,364 downloads
File Type: mq4 ReverseMartingale-SELL.mq4   24 KB | 1,986 downloads
"Put all your efforts in becoming effortless"
  • #11
  • Feb 8, 2009 1:52am Feb 8, 2009 1:52am
Quoting Jim4x
Hi all
I have attached an ea which is basically a martingale that will open a new position every x pips when the price goes against the previous order... etc.

What I would like to do is to do the exact opposite.

I would actually like to open a new position every x pips in the same direction as the trend, so that say i buy at 1.4000 and my pip distance is set to 20, then a new buy will be placed when the price gets to 1.4020.

I hope that's clear and that someone can point me in the right direction.
Cheers
Jim
I've got a similar EA but we need a coder to fix it.
It's on this thread:
http://www.forexfactory.com/showthread.php?t=151355

Thanks,
  • #12
  • May 23, 2010 8:12pm May 23, 2010 8:12pm
Quoting Jim4x
Hi all
I have attached an ea which is basically a martingale that will open a new position every x pips when the price goes against the previous order... etc.

What I would like to do is to do the exact opposite.

I would actually like to open a new position every x pips in the same direction as the trend, so that say i buy at 1.4000 and my pip distance is set to 20, then a new buy will be placed when the price gets to 1.4020.

I hope that's clear and that someone can point me in the right direction.
Cheers
Jim
Hi Jim,

What would you do when the market goes against your order? Take a cut losss or do the Martingale avg down?

Soendoro Soetanto
  • #13
  • Apr 21, 2019 4:18am Apr 21, 2019 4:18am
Quoting IamTHAT
{quote} You an set it to SELL by changing the Reverse condition to True in the properties section. Here I am posting again both Buy and Sell separately. Change TP, Pips (Steps for successive orders), Multiply (Increase in lotsize for successive orders) etc. to suit your requirement. You can experiment for different pairs, running both buy and sell simultaneously. {file} {file}
I cant download these experts,any idea?
  • #14
  • Apr 22, 2019 12:55am Apr 22, 2019 12:55am
Subs. Thanks and
Regards
  • #15
  • Last Post: Jul 16, 2022 7:56am Jul 16, 2022 7:56am
Friends, this is not the reverse martingale you shared. strange that no one noticed this fine detail
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