Success with Martingale & Hedge - Possible?

On the 1st post TS says this EA is badly coded. Does this still apply?

Anyway I tried on 1 fresh demo account. I used EU and GU.

For EU, never see 0.02 to 0.08, straightawy jumped from 0.01 to 0.16

But anyway this EA is very interesting. If can get optimized will be great.

{quote} What I understood, if trader is hoping to survive 600-800 pips then he can change EA setting to swing mode. If not then he should be ready to take losses? or any other backup plan?


yeah. with this formula i can play around which ratio that suits me. the bigger take profit and pipstep i set, i can survive much bigger pip movement.but the downside to this is my profit will be slow.

anyone tested this ea in real account ?

i am very intrested with ea hedging

Hi

I'm very interested in this EA & Strategy, i review this code and could not see some parameters not used for any function or target?

Can you help to explain

double hbb,hsb;
double bbl,bsl;
bool shb = false,shs = false;

When we use them?

Thank you so much.
VuNPQ

hi I am using ic markets also, can you send me the revised ea after you've made change to this code? or can I change this in the parameter settings for my broker?

thanks in advance

Hello my friend
can you put a TP and SL on your program

Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.

Hi Bro, I am a newbie here,

How to add the comment to verify, if we have quite a number of positions opened for a trade cycle complete?

Here's my 2 cents added to this EA... I have added dynamic grid and take profit based on ATR. It will still blow the account eventually but it takes a lot longer to do so than the fixed grid version... Current default settings are what seemed right to me, they might not be good for everyone.

This is a work in progress and should be treated as such. Like all grid/martingale systems with no loss limit, this will eventually blow your entire account, so only run it on demo. I repeat, DO NOT USE THIS EA ON A LIVE ACCOUNT.

The main issue with this EA is that currently there is no entry or exit indicator implemented, nor is there a stop loss of any kind. Also the comments aren't helpful, for instance it doesn't say which step of the cycle it is in. I will add all of these (and likely more) but remember that I am not a career coder, nor am I getting paid to do this, so all the additions will take a while.

EDIT: Cleaned up the code and UI a little, added count of martingale sequence cycle in order comments and EA journal.

I don't use martingale and I can't talk about that. Regarding to hedge I use it regulary (I don't use stop loss) and I have few techniques how I use it and I am satisfed with results. In worst case scenario I am on positive zero with my account, but because of trades I get some money from forex rebate.

Hi all, I'm playing with a auto Martingale system/EA at the moment but I'm looking for a way to cap my max lot size on the MT4 terminal, for example, I dont want my EA to place anymore hedging trades once the maximum sum of all trades gets to say 33 lots. This would allow me time to assess whether or not I should close at a loss or attempt to manually hedge...?
Any known EA's out there that can cap max lot size on the MT4 terminal? TIA

This EA does have maximum lot size cap, you can adjust it in the settings. But in its current form it is a losing EA and a lot more work has to be done on it.

I was thinking about this strategy for a long time now, especially about the hedging one (doubling up in the opposite direction until reaching break-even in case of a bad trade)
My guess is that pure hedging will not work on the long-term (because it WILL end up blowing at some point).

I'm not exactly sure about this, but if you start with a low capital and cash out profits at every trade (or say every time you recover initial capital), once your account blows up (because it WILL happen), it would just eat up a small portion of all the cash you got in the process? Because the event of ranging until hedging blows the account remains quite rare right? This implies that we KNOW it will happen, but we just do everything we can to limit the impact once it happens.

I basically see two scenarios (I am purely making up numbers to illustrate what I'm thinking):
- You go in with let's say 1,000 starting capital, set TP to a small amount to make sure the hedging engine can double up quite a few times before blowing up the account, so let's say you earn ~10 per trade. You go up and up, sometimes equity drops below 800, or even 600, because of trades doubling up but you eventually reach 1,500. And one day, boom, massive doubling up because of ranging, until you get margin called and drop back to 200.
- You start with a lower capital, e.g. 300, set TP to a big amount to make sure you quickly earn back the initial capital, so let's say you get ~50 per trade. You have less margin for doubling up, however my guess is that (on average*) you would end up making several profitable trades (just as previous case), up to e.g. 600, then cash out ("secure") 300, and repeat, until one day you get blown up (because it WILL happen), but it's not too bad then because you would still get out of it profitable since you cashed out regularly.

What do you guys think? I am quite sure I am missing something here, but the hedging strategy in particular feels like it could turn out to be an efficient one.
*My guess is, with strong entry conditions to minimize risk of ranging, and with low-capital/high-risk strategy such as stated, you would end up with a small amount of trades actually requiring multiple double-ups, and once it happens, you mechanically don't allow it to eat up too much capital because the account is not fully funded to begin with.

Hello Jijell, thank you for keep this EA updated. May be we can collaborate to maintenance this EA to apply any update/fix/new strategy.
I hope that @kashifnawaz still confident with this EA.

I don't know whether the OP is still interested in developing his idea further or he gave up on it

All I know is that the EA needs at least a basic strategy added to it to even have a chance to make some real money. I will have some more time to mess around with the code this weekend, however I don't have a license for any fx simulator so I am limited to testing it in the mt4 strategy tester.

If you want to play around with this in practice mode or in simulation, have fun! To answer your question, no, Martingale can never be profitable over the long run. That's just a statistical fact and there is no way around it. If you want to make a real profit, dump the Martingale and try strategies that have proven to work, or even better, create your own! Happy trading!

I do have my own strategy already, intraday strategy with fixed sl/tp and risk % on every trade. This is just a toy.

Otoh, Grid/Semi-martingale with an adaptive grid, equity stop loss and a good entry criteria can be made to work if you have enough leverage. I know because I have doubled an account in 3 weeks with a commercial EA that does just that... Go for broke, withdraw often, you can end up profitable before it blows.

Hello, which is the actual ea version are u guys using, and which set file. could you give me some more info, please? Which broker, timeframe, pairs, you changed any sets., etc? I really appreciate it. Thanks!

Yes, if do with proper Reward Risk Ratio

still anyone using this EA? is it working?