Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Giving Something Back; My Equity, Free Margin and Profit Protection EA 15 replies

I'll code your Expert advisor for free 139 replies

Free Expert Advisor with positive backtest results 5 replies

Looking For An Expert Advisor Free... This may be the Ultimate 5 replies

What are the best martingale' s expert advisor?? 2 replies

Attachments: Giving Back! My Best Expert Advisor EA Free for Everyone
Exit Attachments

Giving Back! My Best Expert Advisor EA Free for Everyone

  • Ranger EA (Standard Risk 500:1 Leverage) | Demo Account XXXXX12
  • Expand
  • Last Sync: 55 min ago
55 min ago
Last Sync: 55 min ago
55 min ago
Last Sync: 55 min ago
55 min ago
Last Sync: 55 min ago
55 min ago
Last Sync: 55 min ago
to
No trading activity in this period.
Quoting PowerMoon
{quote} true, but: then we get a problem: in trading many changed over years and you still live in many many decades back... this will not help, when you cant accept, that in this time the factor is not every time 2,0 and its still martingale. but however.... anyone has to live with his own definition and in his own time, history of any word definitions or reality today. and even in past there was different factors (by the way)...
so you are telling there may be no colour white, but all there is a very very very light colour black?
the definition must be flexible!
the reality today? or the different factors in the past?
welcome to your modern new world, where you dislike a definition and create your own little utopia with very very light black colours.

even given the exact definition of "martingale", and the gambling reference, where there is no what if, but exact events ( like each new roulette spin), and all you do is search for excuses, when all it would take to say: i was wrong?!

but it is our fault, you know, wasting time....
there is always, always another trade!!
Quoting profitfarmer
{quote} so you are telling there may be no colour white, but all there is a very very very light colour black? the definition must be flexible! the reality today? or the different factors in the past? welcome to your modern new world, where you dislike a definition and create your own little utopia with very very light black colours. even given the exact definition of "martingale", and the gambling reference, where there is no what if, but exact events ( like each new roulette spin), and all you do is search for excuses, when all it would take to...
the historic factor 2.0 was changed by many traders and many players with different strategies and in different games, so was used many other factors then 2,0 and other new entry methods too..... time changes... you can accept and grow with time or live in past.
this changed 2.0 factor was still called martingale, you can still name it different, but what does it change ? how ever you call it, its still martingale with fixed factor x.

crazy topic, its one of total basics, that martingale can has different martingale factors, we speak here not about difficult topic and science.
Quoting PowerMoon
{quote} the historic factor 2.0 was changed by many traders and many players with different strategies and in different games, so was used many other factors then 2,0 and other new entry methods too..... time changes... you can accept and grow with time or live in past. this changed 2.0 factor was still called martingale, you can still name it different, but what does it change ? how ever you call it, its still martingale with fixed factor x. crazy topic, its one of total basics, that martingale can has different martingale factors, we speak here...
by your definition, even a single position is a martingale, it just happen to have grid size=1 and lot size factor is 1.

we are all martingaling in FF
Quoting alphadude
{quote} by your definition, even a single position is a martingale, it just happen to have grid size=1 and lot size factor is 1. we are all martingaling in FF
why? i did say you have rebuy until you get margin call, so how you compare this to a single position? i cant understand your point.

you need to go more in detail, so i can find your mistake and help you here.

but your last sentence is not so heavy incorrect, many really use martingale in FF, but thats normal in forum full with beginners. many beginners use it until they learn trading or because they trade only as small luck game or hobby. i tested it in my first year too like maybe anyone starting trading , most important is not to hang on useless things long time or at least be realistic and dont plan to win money with this long term (and i dont say you cant win with luck, like you can win anything with luck and when many try something from time to time someone has luck and can present a winning account over some years [small account in near all cases]) and dont plan to trade for a living.
Quoting PowerMoon
{quote} why? i did say you have rebuy until you get margin call, so how you compare this to a single position? i cant understand your point. you need to go more in detail, so i can find your mistake and help you here. but your last sentence is not so heavy incorrect, many really use martingale in FF, but thats normal in forum full with beginners. many beginners use it until they learn trading or because they trade only as small luck game or hobby. i tested it in my first year too like maybe anyone starting trading , most important is not to hang...
the point is grid and martingale are two separate things. whether they use SL or not it does not matter.

martingale is defined as doubling your size on every new position in the grid (size factor 2x); or using a size factor above 1x (such as 1.5x).
Also; martingale is used as a recovery for a bad position.

grid trading with size factor of 1; is not martingale. In fact; most if not "all" professional traders; enter their position using a grid; for many reasons:
- institutional traders use grid to execute large orders; and reduce market impact; using algos such as vwap, twap, etc.
- professional traders use grid to diversify their entry;
- others....
- all of the above; they control the grid size; so they know the total size represents a position. They may or may not have an SL; it does not matter here.

IMHO; using martingale or grid techniques as a "recovery" is a bad idea.

Your strategy rules (aka edge) should control the usage of grid to diversify the position opening; and you should also have a rule to exit the positions based on your strategy edge. All grid positions should satisfy the entry rule of the strategy.

In Cubbybgood strategy; one of the shortfalls; is "Not using an exit technique related to RMI". i.e. you could improve the strategy and make it a simple strategy (Non grid, or Non martingale); by using RMI to entry; and also to exit; such as:
- Exit if RMI > 50 (for long position), or RMI < 50 for short position; regardless if we are in a win or loss
Is position trading also consider martingale.
I believe grid and martingale are involved to get a good
Price.
Standard abc type trading don't work for me. But I believe
And know several people find success. Position trading or martingale works for me..
Quoting PowerMoon
{quote} the historic factor 2.0 was changed by many traders and many players with different strategies and in different games, so was used many other factors then 2,0 and other new entry methods too..... time changes... you can accept and grow with time or live in past. this changed 2.0 factor was still called martingale, you can still name it different, but what does it change ? how ever you call it, its still martingale with fixed factor x. crazy topic, its one of total basics, that martingale can has different martingale factors, we speak here...
To trade true Martingale in Forex (regardless of the lot boost factor), you would have to let the VERY first trade (and every subsequent trade) hit your SL, then when you open your second trade you increase the lot size based on your R:R so the second trade lot size does not need to be double the first if your R:R is say 5:1.

However the dynamic's completely change if you do not use an SL, because you never accept a losing trade and the very last trade in the sequence that starts to go into profit at the same time reduces your loss on all your other losing trades and depending on your TP and grid distance size some of your losing trades may also profit, this would NEVER be possible with a TRUE martingale strategy because your money would already be lost.

DO you now understand the concept?
Some people say I'm lucky, but the more I practice the luckier I get
attached the performance of the RMI EA since 2.05. in trading with 3 currency pairs. It does not look promising.
There are 21 open positions in GBPCAD so far. The max. floating loss was -390 EUR, on a demo account of 3000 EUR and leverage of 1:200.
With a leverage of 1:30 the account would have to be around 5000 EUR largely, I estimate so . My conclusion; it is a Grid EA, which yields relatively small profits in profit phases and causes relatively large losses in loss phases.
Attached Image (click to enlarge)
Click to Enlarge Name: RMI EA.jpg Size: 535 KB
  • Post #629
  • Quote
  • Edited at 5:49am May 22, 2019 5:38am | Edited at 5:49am
And then of course there's the extensive research done by the op that shows youre quite incorrect up to present, this is the first MAJOR pothole, and it didnt stop out, never did so far, was stopped manually....

We can so often go from one end of the bandwagon to the other so quickly, I wonder how many have posted such a successful system with verified years and years of results as the op did?

One big bump in the road and we blame the vehicle.. It's brexit man, the uk is in a bad way, very bad, businesses collapsing, currency value plummeting, govt at an impass against a deadline... give the guy a break and go trade another strategy that survives a market in economic collapse.... lots of people fell into the gbp plummeting, the market is in bad shape, prob shouldnt even be trading a gbp pair right now..

A huge part of why traders fail is jumping systems like underwear, hit one bad selloff in the market when you decided to ignore the news and the system must be bad, it's not the guy in the chair, its the system! They thought it was a grail, now they figured out there is no grail and quit a good system..

A grail system will fail if the trader is sub par, it takes everything working together, good system and a smart trader, or it fails, and you can have both of these with incorrect money management, still fails, even with perfect entries.... still fails with poor mm...
[quote=forexn00b81;12285499]And then of course there's the extensive research done by the op that shows youre quite incorrect up to present, this is the first pothole, and it didnt stop out, never did so far, was stopped manually....


That's all right what you write. I just wanted to say that the RMI EA is not a "turn on and forget" robot.
[quote=Robin68;12285515]
Quoting forexn00b81
And then of course there's the extensive research done by the op that shows youre quite incorrect up to present, this is the first pothole, and it didnt stop out, never did so far, was stopped manually.... That's all right what you write. I just wanted to say that the RMI EA is not a "turn on and forget" robot.
Hi Robin68

All grid EA's will fail if you have no back up plan B or C. The best way to run a Grid EA which is how I designed all my reversal EA's is to consider Manual discretionary trading when required. May that be hedging or taking a manual loss when required to keep the drawn down to a preset level is the way to go. Robots are just dumb, they always will be so we shouldn't kid ourselves.

Check out my new EA I started back on February 4th which is indicator based model and honestly is the best way to go.
It is only this week I have considered adding some trades to hedge the pair EURJPY which is one on 10 pairs it trades at the same time. As yet I still have no need to add these trades but I will monitor the action closely.
The first step in covering draw down is to trade 5-10 pairs at the same time which is a shock to new EA traders who haven't been exposed to active draw downs.
The next important step is to really spend six months optimizing each pair over the current trading conditions and only selecting pairs which react favorability to the EA design.

Can I say I have no EA's that work on GBPCAD - that is a shocking pair to trade on a EA. Depending whether you build trend model designed EA's (slightly profitable) or reversal models (highly profitable) just do you demo home work.
Attached Image (click to enlarge)
Click to Enlarge Name: bbr bbr bbr.png Size: 203 KB
Trading thin liquidity at the boundary of the charts
Quoting alphadude
{quote} the point is grid and martingale are two separate things. whether they use SL or not it does not matter. martingale is defined as doubling your size on every new position in the grid (size factor 2x); or using a size factor above 1x (such as 1.5x). Also; martingale is used as a recovery for a bad position. grid trading with size factor of 1; is not martingale. In fact; most if not "all" professional traders; enter their position using a grid; for many reasons: - institutional traders use grid to execute large orders; and reduce market impact;...
only oneof the facts is true , because of big order size institutions use maximum clip sizes on seperate orders... but that is nothing like any grid system... like i say and you really say it now again with your own words, any one use different definitions, you too in extrem case in this part!!

and professionals use grid is extrem wrong, so called professionals who use grids are not really good traders, in best case medium experienced.
there is always a one time full amount better win with any system (and you need less amount then the whole grid amount for even more win and less risk- no professional would be not smart enough to invest more money in less win with higher drawdown.... such a person calling professional is crazy), and its even easy to calculate, when the system has a true edge and not only statistical edge or is martingale or any other luck system.... you need to speak to true professionals earning money with trading in big amounts.....you will understand then easy, anyone of this professional know trading math and can calculate where to go in in with all amount at one point to reduce drawdown and have higher win in money (of course calculated over 1 year performance).
when you need many postions for same strategy, your entry is wrong, this can be improved by simple better entry and finished (many dont know the steps to improve an entry, thats an other point, but simple mistake in learning from beginning before starting trading)... of course when learning trading and as medium trader you see this points later and can maybe calculate this later when you leanred trading math.... but you will ask yourself later, why you did it not "correct" from beginning. grid is not wrong in some cases, buit cant beat a normal 1 point entry (more win, less drawdown) when calculated correct.
  • Post #633
  • Quote
  • Edited at 7:48am May 22, 2019 7:37am | Edited at 7:48am
The GBP continues to fall. With my current no SL settings, I do fear the EA...after all this time of no losses, could finally lose here. We are now in uncharted territory and the AUDCAD and NZDCAD are not helping. The CAD is also strong overall hitting us even harder here. I would say it's better that this is happening now instead of 6 months down the road though. More people would have been using it on live accounts further down the road. Most people I'm aware of were just using it on demo.

So where do we go from here? I've considered having the moderator remove this thread so I don't have to go through a lot of trouble trying to fix it. The EA can still be profitable if modified to use a SL either in pips or in % amount. These settings are in the EA and can be used. You will have to accept some losses but the methodology can still work. I will let the thread go for a day or 2 to see what you guys think. You guys let me know if you want to keep it going as I think many of you would still like to use the EA in some form. You can let me know your vote if you want to keep it or not. Keep your messages short, otherwise I won't read them. Also, if you're going to just troll me, I won't read it as well. Please don't give me advice as I know I've already made a ton of mistakes here.

What about me? Well, I made HUGE mistakes here which I've made before unfortunately. I put way too much boost into my EA or strategy and well, it all fell apart again...I've never had an EA I've shared with the public break this hard before. Because of how many times this has happened, I believe this is the TRUE END to my public trading. I will continue to recover my personal account with a new strategy on the EU. The RMI EA is not dead to me. It's just the new EU EA will likely be a bit faster recovery. I won't be sharing this strategy with the public as we know how this has worked for me in the past...

I will only consider coming back when I have a $30k account and profiting consistently. Even then, I don't know because losses seem to happen more heavily when I share with the public.
I will be announcing my removal from public trading on youtube today. I will be deleting a good portion of my videos over the past 45 days. I will also be taking down my EA website. It was evident to me that I bit off WAY more than I could chew. I was getting way too many emails each day with questions regarding the EA and after the struggle here, I just not sure I want to fix it all. I've got other much more important things coming up...
  • Post #635
  • Quote
  • Edited at 8:00am May 22, 2019 7:47am | Edited at 8:00am
"My EA has been worked on for over 6 years and has been profitable EVERY MONTH for over 13 year
Follow The Markets Structure - Patience and Discipline
Quoting Cubbybgood
The GBP continues to fall. With my current no SL settings, I do fear the EA...after all this time of no losses, could finally lose here. We are now in uncharted territory and the AUDCAD and NZDCAD are not helping. The CAD is also strong overall hitting us even harder here. I would say it's better that this is happening now instead of 6 months down the road though. More people would have been using it on live accounts further down the road. Most people I'm aware of were just using it on demo. So where do we go from here? I've considered having the...
Hi Cubbybgood

I know you don't want any advice or care for my comments but if you look at the GBPCAD chart over the last 3 years, this was the problem.
In Feburary 2016 & Dec-March 2017 the move was double the current move.
In June 2016 the move was over triple the current move.
Correct testing would have seen the folly in picking this pair. AUDCAD & NZDCAD however are great pairs to trade here.
Please don't take this post as a insult or a troll. As a EA developer, I discovered you have to be precise in every aspect of development from pair selection to model design and correct optimization . My models take a year of testing before they even make it to a live chart but I am lucky enough to be able to get guidance from professional EA traders on all aspects of my work.

I hope you kill the market with your next effort.
Trading thin liquidity at the boundary of the charts
Quoting Cubbybgood
The GBP continues to fall. With my current no SL settings, I do fear the EA...after all this time of no losses, could finally lose here. We are now in uncharted territory and the AUDCAD and NZDCAD are not helping. The CAD is also strong overall hitting us even harder here. I would say it's better that this is happening now instead of 6 months down the road though. More people would have been using it on live accounts further down the road. Most people I'm aware of were just using it on demo. So where do we go from here? I've considered having the...
your biggest mistakes was not learning first some trading math basics:

- dont use luck strategies like martingale, only when you want small wins or have no problem with get accounts killed again and again
- with all luck strategies dont trust any backtest, never ever... stop this! this is such a extrem problem, that people cant understand why its not possible to use backtests with martingale systems..... its simple math problem why it cant work.. but people do it again and again... and of course you lose when you use wrong informations and results, and nothing else is a backtest of a luck system = wrong information.

create a system with a true edge and most problems are gone..... then create second and so on..... why people do it so complicated and try worst trading systems again and again with low chnace to sucess....

forex is pure Math game, nothing more. at least when we dont have insider information in coming news events. so learning math will improve all to levels you cant imagine.
Quoting PowerMoon
{quote} your biggest mistakes was not learning first sam math basics: - dont use luck strategies like martingale, only when you want samll wins or have no problem with get accounts killed again and again - with all luck strategies dont trust any backtest, never ever... stop this! this is such a extrem problem, that people cant understand why its not possible to use backtests with martingale systems..... its simple math problem why it cant work.. but people do it again and again... and of course you lose when you use wrong informations and results,...
Sorry PowerMoon

You have no idea about creating EA's or have worked alongside professional EA traders like I do on regular periods. Your comments are ill informed.
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Sorry PowerMoon You have no idea about creating EA's or have worked alongside professional EA traders like I do on regular periods. Your comments are ill informed.
true, only 15 years created expert advisors and later frontend and api programs. no experience, oh man.... troll ?
you know not many facts , and why i know it? because you dont even know that this total basics i wrote are correct, very easy to judge so. man, this is total starter informations, and even this you dont know... come with facts /arguments (what you cant understand and you know different) when i need to help you ... i cant help you when you only write, you are at lower level and cant understand but behave like you dream you are good, that dont help....
Quoting Cubbybgood
The GBP continues to fall. With my current no SL settings, I do fear the EA...after all this time of no losses, could finally lose here. We are now in uncharted territory and the AUDCAD and NZDCAD are not helping. The CAD is also strong overall hitting us even harder here. I would say it's better that this is happening now instead of 6 months down the road though. More people would have been using it on live accounts further down the road. Most people I'm aware of were just using it on demo. So where do we go from here? I've considered having the...
Dont give up man; keep going.

you don't have to fix this EA right now; just have it as work in progress.

what you have done in this thread; nobody could do. You did have a drive to do it; and that is what is needed for success.

every successful trader has failed many times in the past; even the famous ones.

so cool down; take it easy; keep the thread going; you might actually benefit a lot from the discussions here. There are high quality posters talking about ways to improve the system.
0 traders viewing now