FXTradepro: Strategy using a “Semi-Martingale” Position Sizing | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Semi Martingale Strategy 113 replies

How to calculate forex position sizing / lot sizing 17 replies

Martingale EA - Alternative to FXTradepro 20 replies

SWING Trades using the FXTradepro "LUCKY 7" Progression Sequence 4 replies

Attachments: FXTradepro: Strategy using a “Semi-Martingale” Position Sizing
Exit Attachments

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

  • #181
  • Aug 26, 2007 5:57am Aug 26, 2007 5:57am
but, the EA don't have the feature of entry a new buy/sell order after a win.
  • #182
  • Aug 26, 2007 6:16am Aug 26, 2007 6:16am
FX,

Thanks for posting this. I'll definitely help you test it further. Let me know if you would like me to post results...I will start Tonight when the market opens and run the EA at my own discretionary entry style. I think I have an idea of when to run the EA.............thanks again...

P.S. What will happen if I set the EA to only take long's or short's? I'm thinking more along the lines of adding a 2nd level strategy feature in terms of hedging this method....
In Charts We Trust!
  • #183
  • Aug 26, 2007 6:26am Aug 26, 2007 6:26am
Quoting chuthry
Hi, i used the ea for usd/jpy pair. i used the price entry option . I set a sell order at a certain price and select false for initial order long in your ea. the ea come out with the message ready for the next tick. But after the next tick is in place, it come out with the message, price is out of range and the order is disabled. Any idea what have went wrong? My timeframe is 15mins.

Thanks
chuthry......You should be using the Price Entry option when the place that you want to enter the Market is away from the current Market price. So let's say current market Price is 116.50 on USDJPY if you want to go Short at this price you would use the Immediate Entry option and set both Time Entry and Price Entry to FALSE. If you wanted to go short at let's say 116.70 (which is 20 pips above the current price in this example) you would set Price Entry to TRUE and enter 116.70 (+ the spread) and then set the EA on the chart. When the next tick occurs the EA will begin BUT you would get the message stating that New Orders are Disabled. That message will remain until the market reaches your specified Entry Price. When your price is reached the EA will place the first SELL Trade. The New Orders Disabled message will remain until the 2nd Entry Trade is opened. This is how the Expert works.

I hope this helps....

Dan
  • #184
  • Aug 26, 2007 6:35am Aug 26, 2007 6:35am
Quoting feeder2000
but, the EA don't have the feature of entry a new buy/sell order after a win.

feeder2000............If you want the EA to automatically begin a new Sequence after a Take Profit Target is hit, then you would set the HIBERNATE Parameter to FALSE. I do not recommend Trading the Strategy that way, but when set to FALSE the EA will open a new Sequence right after closing the previous one, assuming that you entered originally using the Immediate Entry Option. If the Time Entry Option is used the EA would begin again once the SAME time originally set is reached. If the Price Entry Option is used the EA would begin again IF and when the same price level is reached.

Dan
  • #185
  • Aug 26, 2007 6:38am Aug 26, 2007 6:38am
Hello X.Oden.........See my reply to you in RED below:

Dan

Quoting X.Oden
FX,

Thanks for posting this. I'll definitely help you test it further. Let me know if you would like me to post results...I will start Tonight when the market opens and run the EA at my own discretionary entry style. I think I have an idea of when to run the EA.............thanks again...

Feel free to Post any results....and you are Welcome !

P.S. What will happen if I set the EA to only take long's or short's? I'm thinking more along the lines of adding a 2nd level strategy feature in terms of hedging this method....

I have never tried the EA this way. Not sure if it will work or not. This sounds like grid trading to me.
  • #186
  • Aug 26, 2007 7:41am Aug 26, 2007 7:41am
Yes, please continue with this method guys, so that I can make money of you. Remember, for every winner out there there is a looser. As I see things, I and others going to win a lot of you guys who are going to use the above system.
Good luck with it!
The greatest risk in life, is not taking one!
  • #187
  • Edited 10:25am Aug 26, 2007 9:21am | Edited 10:25am
Quoting attrium
Yes, please continue with this method guys, so that I can make money of (from) you. Remember, for every winner out there(,) there is a looser (loser). As I see things, I and others (others and I) are going to win a lot of (from) you guys who are going to use the above system.
Good luck with it!
I may not agree with this method completely, but this has to be one of the poorest constructed responses around. Perhaps you would like to offer the same level of proof as the author of the thread did... Otherwise it is impossible to take this post seriously.
  • #188
  • Aug 26, 2007 9:26am Aug 26, 2007 9:26am
Quoting smjones
I may not agree with this method completely, but this has to be one of the poorest constructed responses around. Perhaps you would like to offer the same level of proof as the author of the thread did... Otherwise it is impossible to take this post seriously.

Thanks Scott.....I was not even going to glorify that guy's comment with a response. Glad you said something.

Regards,

Dan
  • #189
  • Aug 26, 2007 9:34am Aug 26, 2007 9:34am
Quoting attrium
Yes, please continue with this method guys, so that I can make money of you. Remember, for every winner out there there is a looser. As I see things, I and others going to win a lot of you guys who are going to use the above system.
Good luck with it!
I'm a professional trader, I hope I see you on the playing field, even when things go wrong. That way I can make corrections and rob your pockets anyway LOL!
In Charts We Trust!
  • #190
  • Aug 26, 2007 8:36pm Aug 26, 2007 8:36pm
Please accept my sincere Thank You Dan.

May God Bless You and Your Family, Always.

Sorry for not contributing. I'm just a newbie and english is not my native.

Simple Question: What Modification would you suggest if the BROKER

is Charging $70 Commission and taking 10 spreads on Four Major Cuirrency?

Thanks To All Members,

Rene
Philippines
  • #191
  • Aug 26, 2007 8:46pm Aug 26, 2007 8:46pm
Quoting Renefx
Please accept my sincere Thank You Dan.

May God Bless You and Your Family, Always.

Sorry for not contributing. I'm just a newbie and english is not my native.

Simple Question: What Modification would you suggest if the BROKER

is Charging $70 Commission and taking 10 spreads on Four Major Cuirrency?

Thanks To All Members,

Rene
Philippines
change your broker
  • #192
  • Aug 26, 2007 10:01pm Aug 26, 2007 10:01pm
Quoting Renefx
Please accept my sincere Thank You Dan.

May God Bless You and Your Family, Always.

Sorry for not contributing. I'm just a newbie and english is not my native.

Simple Question: What Modification would you suggest if the BROKER

is Charging $70 Commission and taking 10 spreads on Four Major Cuirrency?

Thanks To All Members,

Rene
Philippines
I agree with gambler on this one. There are other Brokers you can Trade with.

Good Luck,

Dan
  • #193
  • Aug 26, 2007 10:56pm Aug 26, 2007 10:56pm
Quoting Renefx
Please accept my sincere Thank You Dan.

May God Bless You and Your Family, Always.

Sorry for not contributing. I'm just a newbie and english is not my native.

Simple Question: What Modification would you suggest if the BROKER

is Charging $70 Commission and taking 10 spreads on Four Major Cuirrency?

Thanks To All Members,



Rene
Philippines
Definetly find a new broker....right away.
What a rip off.
in your profile you say you prefer IBFX. but that does'nt sound like their policies...who are you trading with?
Same Whore .... Different Dress
  • #194
  • Aug 26, 2007 11:54pm Aug 26, 2007 11:54pm
Just finish reading all 13 pages..

This method is great.. I'll try it 1st on demo cause I want to try the best entry method.

Thanks for sharing
  • #195
  • Aug 27, 2007 12:05am Aug 27, 2007 12:05am
Hi, I would like to know how much is the Return Of Investment of your method yearly.
thx
  • #196
  • Aug 27, 2007 5:15am Aug 27, 2007 5:15am
Quoting johnedoe
Definetly find a new broker....right away.
What a rip off.
in your profile you say you prefer IBFX. but that does'nt sound like their policies...who are you trading with?

Thank you all for the quick reply.

There are only two broker available in our country. 1 is Plauskifx Foriegn Exchange, base in Delaware USA and the other is Performance Foriegn Exhange. They are both charging 10pipis spread plus $70 commission.

Wanted to change my broker (plauskifx) but I really don't know how to do it.

Doing Business with any broker located accross the sea sounds like a big PROBLEM to me, if some broblem occur with broker located abroad, It seems to me merely not possible to reach them.

It will be a great help for newbie if some veteran member could enlighten me (not just for me but also for other member who are new to forex) on how to find a honest and trusted broker.

IBFX is more preferred as it exactly uses GMT time.

Sorry for the engglish grammar.

Thanks, Rene
  • #197
  • Aug 27, 2007 7:32am Aug 27, 2007 7:32am
Quoting Aristo
Hi, I would like to know how much is the Return Of Investment of your method yearly.
thx

Aristo......Here is what I've said on this topic previously in this Thread:

Quoting FXTradepro
.......The problem with most people wanting to get into Trading the FX Market is that many think they can Trade for Living starting with very Small Accounts. Perhaps some can. I have not been able to accomplish that. True, I am not boasting about 1% a day or more as many systems claim, however, in any other Market annual returns of 50%-100% would be considered fantastic........

Dan
And here is a comment and some calculations from another Member. What he discusses here is certainly possible.

Quoting timmy
......I think you will find this method will return exceptional profits if you get your entry part of the strategy plan correct.

Reason:
1/ Dan has already stated that he is doing between 4-10 trades per week using this method. This seems very realistic to me.
2/ He also stated that he averages a close in profit after 8 trade sequences of his martingale risk management system. This also sounds very realistic to me.

So at 8th close he will make $190 per trade and if you assume an average number of trades per week as 7 (half his range mentioned above) = $1330 per week.

This equates to $69,160 per annum!!!!!

Now if you are a risk freak you may choose to trade this approach with a 400:1 leverage which means you will need $47,525 per standard account.
This gives you a net return of 145% per annum.

If you choose to trade this approach with a 200:1 leverage which means you will need $63,900 per standard account.
This gives you a net return of 108% per annum.

If you choose to trade this approach with a 100:1 leverage which means you will need $96,650 per standard account.
This gives you a net return of 72% per annum.

Please explain why you consider these as 'modest' returns.....???

PS All this information has been provided by Dan.... when you piece it together like this, I think his trading plan and returns are excellent.
I hope this helps...............

Dan
  • #198
  • Aug 27, 2007 9:57am Aug 27, 2007 9:57am
Hi..
I already attach the ea to my chart. Already have smiley face in right corner
But it won't open trade...
it said error
Attached Image (click to enlarge)
Click to Enlarge Name: protrade_01.gif Size: 23 KB
  • #199
  • Aug 27, 2007 10:02am Aug 27, 2007 10:02am
Quoting duyduy
Hi..
I already attach the ea to my chart. Already have smiley face in right corner
But it won't open trade...
it said error
Use another broker than North Finance.
I had the same problem
  • #200
  • Aug 27, 2007 10:05am Aug 27, 2007 10:05am
Quoting gambler997
Use another broker than North Finance.
error
Can't use NF? Ok. I'll try other
Thanks for telling..
BTW how do u know I'm using NF ?
0 traders viewing now