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Success with Martingale & Hedge - Possible?

  • #541
  • Edited 9:22am Oct 23, 2019 5:14am | Edited 9:22am
Quoting KashifNawaz
{quote} And what is the entry criteria? How you define trend? based on PA in H4 or some indi? {quote} And how you decide the grid distance here for 2nd trade? {quote} So you don't place any hedge or anti-martingale trade? For example, trend on H4 is bearish, you placed a single Sell order 0.01, price went up 50pips, you opened another sell 0.01 hoping price will come down to level 1. But what if price keep going upwards here onward? you will use martingale here or SL?
entry is very crucial as you know,i have a algo and rules for entry,just a roguh example: entry criteria is D time frame black arrow of agimat system,4HTF 4 point confirmation agimat system.entry on 15 min.

I add more trades by enabling auto trading on marti EA attached already. if only first trade goes into profit and PA has completed the pullback or retracement.

I do hedge when I see higher time frame has changed the trend,normally this doesn't happen but if account can't sustain the DD,i open martingale hedge on 50% account,and that is also small lots and keep progressing lots if needed.

look at the example below,one trade is closed with profit ,other 2 trades will be realized soon and now I will place more trades as well

its very interesting ,some times both goes into profit.its very complex,i hope I m been able to explain it properly.its working for me ,I don't recommend anyone do it before understanding all steps involved in it.

Kashif you can give me a call,i will explain if needed.
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  • #542
  • Nov 30, 2019 3:10pm Nov 30, 2019 3:10pm
Hello to all martingale traders.
I have a grid-martingale that the dd is starting to raise his head. I would need an advice with this situation, how to stop the increasing dd and to survive. DD is about 25% now, but the leverage of the account is not big and I feel that I dont know this system yet in order to take the risk to a bigger dd.
It would be much appreciated if someone will be able to have a look in the account and to tell me his opinion what steps should be taken in order to close all positions asap. I think that I jumped into the water too early and I was too greedy and didnt calculate the risk that will come.
Thanks!
  • #543
  • Dec 6, 2019 11:57am Dec 6, 2019 11:57am
Quoting gogo11
Hello to all martingale traders. I have a grid-martingale that the dd is starting to raise his head. I would need an advice with this situation, how to stop the increasing dd and to survive. DD is about 25% now, but the leverage of the account is not big and I feel that I dont know this system yet in order to take the risk to a bigger dd. It would be much appreciated if someone will be able to have a look in the account and to tell me his opinion what steps should be taken in order to close all positions asap. I think that I jumped into the water...
give the screenshot of all post opened at this moment then i may be able to advise
LUCKY golden trades, LUCKY gold investor trading style
  • #544
  • Dec 8, 2019 10:18am Dec 8, 2019 10:18am
Hi
I've just found out about this topic. I bought a excell formula about martingale years back.its look the same with the one that i bought.its pretty much a simple formula. The input can be type in etc lot size, tp level, pending order and more.
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  • #545
  • Dec 8, 2019 8:39pm Dec 8, 2019 8:39pm
Quoting vodkajuice
Hi I've just found out about this topic. I bought a excell formula about martingale years back.its look the same with the one that i bought.its pretty much a simple formula. The input can be type in etc lot size, tp level, pending order and more. {image}
please give more details, does it work?
LUCKY golden trades, LUCKY gold investor trading style
  • #546
  • Dec 8, 2019 9:27pm Dec 8, 2019 9:27pm
Quoting fx4money
{quote} please give more details, does it work?
yeah it does work.you can change it to swing if you want it to able to withstand 600-800 pips.just need to change certain perimeter. years back i did bought the EA as well but i for some reason didn't use it that long enough.i can print screen some trade that i took last week.by the way the picture that i attached is for manual trade.
  • #547
  • Dec 8, 2019 9:32pm Dec 8, 2019 9:32pm
EJ pair that i took last week. Lets see what happend later. Hope to see some action.
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  • #548
  • Dec 8, 2019 9:38pm Dec 8, 2019 9:38pm
just found this thread, want to throw my 2 cents. i'm running martingale with hedge EA in live account, and imho this way can make success, with some prerequisites.

we all know martingale is about probability, and in long term no one can beat mathematic conclusion - fail, coz no one have unlimited capital.

but if you split capital into multiple accounts, run multiple pairs, adjust range and tp target for each pair, or same pair one account long only the other short only...and quite important, luck, yes, luck or a perfect ranging market can let you earn initial capital back before account blown and afterwards you trade only using profits.
  • #549
  • Dec 10, 2019 7:51am Dec 10, 2019 7:51am
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Just closed EJ. When price hit level 5 pending order, i will change all the current open order tp to level 5 tp.if it hit level 8 or level 9 will do the same thing.

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The possibility when price goes againts my current trade. This of course can be changed. I havent fully utilize it. Just starting to test it out again since my long break.just thought to share the settings to you guys.
  • #550
  • Dec 11, 2019 10:52am Dec 11, 2019 10:52am
Yes possible. If you can stomach large drawdowns and use very low leverage it can work overtime.
  • #551
  • Dec 21, 2019 1:23am Dec 21, 2019 1:23am
Quoting londonboy
{quote} Rule number 1: BACK TESTING IS FOR LOSERS! Backtesting will not prove a strategy works. I have lost count on the number of posts or comments people have said about this. Yet there is always one more idiot who wants to backtest. I tell you what will happen. The backtest will show it as profitable, you will then demo it and that will show it profitable, and then you will trade on a live account and it will fail. Have the balls and conviction to use a live account straight away on your own developed EA. That is the only tur way to see if it...
I bet you are a newbie, backtest only gives you what to expect in a long run on forward test. If you fail in backtest you will definately crash in forward test its a matter of time. If you do well in backtest for the period you tested doesnt mean you have tested all period , testing from 20016-2019 , what about 2010, 2008,2007 . Those conditions that existed in those years can exist again . Backtest is very essential it gives you heads up ahead of time
  • #552
  • Apr 25, 2020 7:18am Apr 25, 2020 7:18am
I have received many emails to send latest version of current EA because this one already expired. This is to inform that I have uploaded mq4 file and it cannot be expired. You only need to open in mt4 editor and change the expiry date or remove it.

Currently I dont have mt4 editor installed, I will make changes and upload the new file soon.
.................
  • #553
  • May 1, 2020 11:16am May 1, 2020 11:16am
"I agree. The reality of this market is that you create and influence your odds to a remarkable degree. I think, and don't anyone take this the wrong way, that ""striping it down to the bare essence"" to determine your raw odds before going in is a strange and pessimestic view."
  • #554
  • May 16, 2020 12:51pm May 16, 2020 12:51pm
Quoting chenxee
just found this thread, want to throw my 2 cents. i'm running martingale with hedge EA in live account, and imho this way can make success, with some prerequisites. we all know martingale is about probability, and in long term no one can beat mathematic conclusion - fail, coz no one have unlimited capital. but if you split capital into multiple accounts, run multiple pairs, adjust range and tp target for each pair, or same pair one account long only the other short only...and quite important, luck, yes, luck or a perfect ranging market can let you...
good point. my cents... you should apply fundamentals (read news) and try to turn on EA in calm periods. Turn off when red news are comming.
  • #555
  • May 17, 2020 3:16pm May 17, 2020 3:16pm
Quoting KashifNawaz
I tried this EA on Real Cent account for a week and came to know that this EA is not working as per given strategy (excel sheet) and it was really badly coded. Lot of bugs there. So I would not recommend any one to use this on real account.
Hi! I know this post is a little bit older. But just wondering why you think it does not work and why it is badly coded?
At least on the tester it looks okay when playing with some parameters. I did not try it on Demo neither Real account until now. Will put it on Demo EURUSD tomorrow.
One thing I would like to add is a "smart grid", growing/shrinking with some reasonable indicator.
Just an example (which did not look good in the results):
dis=iATR(NULL,240,4,0)*2*10000;
Maybe there is a better, faster indicator that avoids huge DDs...
  • #556
  • May 19, 2020 9:38am May 19, 2020 9:38am
Quoting KashifNawaz
I have received many emails to send latest version of current EA because this one already expired. This is to inform that I have uploaded mq4 file and it cannot be expired. You only need to open in mt4 editor and change the expiry date or remove it. Currently I dont have mt4 editor installed, I will make changes and upload the new file soon.
I just wanted to say that i use your latest version of the EA on 14 different currency pairs and im really a big fan of it. Really, really appreciate the effort and time you have but into it. I will add some pictures as well. It makes good small profits every day.

I hope to see the latest version bretty soon and paly around with it as well. Wish you all the best a many, many pips!

Thumbs up from me!
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  • #557
  • May 19, 2020 12:01pm May 19, 2020 12:01pm
Quoting tavalk
use your latest version of the EA on 14 different currency pairs
Hi! Good to hear that I am not the only one ;-)
I am running it -not for a long time though- on EURUSD and it works. Even survived yesterday..

Do you use the same settings for all pairs or did you play around with the parameters in the strategy tester before and adjusted afterwards?

Did you see the bug with the spread? At least with my broker I had to adjust the code:
Inserted Code
   if(((tf && TradeTime()) || tf==false) && (MarketInfo(Symbol(),MODE_SPREAD)<=Spreed))

In the original there is a divider by 10, would allow spreads of 20 instead of 2:
Inserted Code
   if(((tf && TradeTime()) || tf==false) && (MarketInfo(Symbol(),MODE_SPREAD)/10<=Spreed))
  • #558
  • May 19, 2020 12:40pm May 19, 2020 12:40pm
Honestly, i haven't notice any issues with my broker. I have a really low spread and use and ECN account on my broker so no issues. But thanks for the information. I will have a look as well!
  • #559
  • May 19, 2020 1:30pm May 19, 2020 1:30pm
Quoting tavalk
Honestly, i haven't notice any issues with my broker. I have a really low spread and use and ECN account on my broker so no issues. But thanks for the information. I will have a look as well!
Normally I would not have seen this issue. But I started the EA on Sunday night (Sidney morning), then even with my ECN broker the EURUSD spread is about 40 for an hour or so before it goes down to zero. Good that I tried it on a demo first...

I also added some kind of parachute, something easy: an emergency close all if the equity should fall below a certain percentage of the balance. If you like, we can share ideas and code snippets.
  • #560
  • May 19, 2020 2:06pm May 19, 2020 2:06pm
Quoting ursinho4711
{quote} Normally I would not have seen this issue. But I started the EA on Sunday night (Sidney morning), then even with my ECN broker the EURUSD spread is about 40 for an hour or so before it goes down to zero. Good that I tried it on a demo first... I also added some kind of parachute, something easy: an emergency close all if the equity should fall below a certain percentage of the balance. If you like, we can share ideas and code snippets.
with most brokers increasing spread in final hour and 1st trading hours on most pairs except eu, it is best to incorporate the spread in the ea for most settings, that's my advice
LUCKY golden trades, LUCKY gold investor trading style
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