Success with Martingale & Hedge - Possible?

Quoting KashifNawaz

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Lets talk about a unique idea of martingale (Which Might already been discussed and tried in tester, who knows.) Major problem of Martingale Grids is Retracement / Correction. We all know that Martingale rely on retracement and our account enters in danger zone once price takes one direction without a 30-40% retracement. So, the idea is to reduce the dependency on retracement and replace it with something else. Lets say, how can we close our martingale cycle of 12+ trades with correction of 2 grid levels (10-20%) retracement instead of 4-5 grid...

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Quoting Muaiad

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{quote} Hi Kashif i just tried your EA; actually; i think it need some modifications, like (controlling spread, and to add MM parameters). here is my back test on (Demo for 2 years), i'm afraid to try it on real acc. {image} {image}

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Quoting damodaranuda

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{quote} Today EURJPY spike down blown away my 7k demo account using default settings. {image}

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Quoting Macau

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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?

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Quoting c0ldsun

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{quote} Still doing very well, even with some volatility on GBP.

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Quoting Ezios

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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....

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Quoting Mikiburger

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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

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Quoting damodaranuda

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{quote} 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...

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Quoting Mrrk8

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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.

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Quoting Drolph

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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}

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Quoting T4Trade

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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?

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Quoting carddard

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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.

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Quoting chrisdk2017

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{quote} 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.

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Quoting mercilez

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{quote} nice to see you active again. i am thinking about this matter too . what i am thinking is how to open partial hedge position after certain levels like grid 8th or 9th, which i feel is a a sign of trending market starting. the problem i cant solve is how much percentage to hedge , and how and where to close it. the bigger the hedge the harder to manage closing. If the grid went on up to 12-14th step, this would greatly help on reducing DD and lets say when the market shows sign to U-turn, close the hedge , and use the hedge profit to close...

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Quoting mercilez

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{quote} nice to see you active again. i am thinking about this matter too . what i am thinking is how to open partial hedge position after certain levels like grid 8th or 9th, which i feel is a a sign of trending market starting. the problem i cant solve is how much percentage to hedge , and how and where to close it. the bigger the hedge the harder to manage closing. If the grid went on up to 12-14th step, this would greatly help on reducing DD and lets say when the market shows sign to U-turn, close the hedge , and use the hedge profit to close...

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Quoting fx4money

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{quote} try to hedge with 50% or 100%, this has been my approached, and with bit of luck maybe, my accounts survived last flash crash (was trading eur/jpy)

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Quoting rugmo

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For me, the best method to trade a martingale Grids system is to not trade large lot. Starting lot should be 0.01 and exponent multiplier uses 1.15. Also set your grid distance to be flexible and not any set distance. It should be able to adjust as needed. In my own EA, I added a moving average indicator so it only add new trade only when the moving averages cross, so if the currency pair drop 1000 pips, you don’t add any more trades until price has reverse by using the moving averages cross indicator.

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Quoting mercilez

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{quote} hi there fx4money, would it be possible for you to show a chart example how you managed it? hedge and tp everything.thanks in advance

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Quoting KashifNawaz

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...

Quoting c0ldsun
{quote} Still doing very well, even with some volatility on GBP.
I can see that your demo account ended up in margin call, I think it happened because you applied this on too many pairs. Try with 2-3 slow pairs only. {/quote}
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Quoting mercilez

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{quote} interesting, this makes sense too. can i ask are those the MA crossover fast or slow like 10 20 or 20 50 type?

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Quoting fx4money

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new buy opened, closed sell with profit, new sell opened. {image}

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Quoting mercilez

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{quote} thanks fr sharing. if the market turned at this point and go up example like 150-200 pips. what would u do with this new sell 0.04 position ?

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Quoting Macau

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I'm thinking an idea to have higher chances of survival of martingale.....Instead of using Engine 2 to hedge, will it be better to have 2nd Cycle of Grid Martingale?

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