FXTradepro: Strategy using a “Semi-Martingale” Position Sizing | Page 17 | Forex Factory

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

  • #321
  • Sep 12, 2007 7:56am Sep 12, 2007 7:56am
something strange happened to me.
The ea open untlil level 12---> 3,6 lot.

After that open 0.2 lot (level 3) so i close the trade
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File Type: zip fxtradepro_02.zip   2 KB | 1,277 downloads
  • #322
  • Sep 12, 2007 8:30am Sep 12, 2007 8:30am
Quoting prennie0
I am totally new mt4 platform I think I better than itfx and the spread is far less I have tried the following the setup for the ea 24 I can't see anything working I am 100% sure I am missing a step or 2 but I don't know what I am doing wrong I check the setting and they match the press ok I need help trying this strategy than dan for sharing your strategy with us all
prennie....I am not sure what you are doing wrong. What Broker are you using?

Dan
  • #323
  • Sep 12, 2007 8:31am Sep 12, 2007 8:31am
Quoting duyduy
something strange happened to me.
The ea open untlil level 12---> 3,6 lot.

After that open 0.2 lot (level 3) so i close the trade

duyduy.......That is very odd. Never saw an issue like that before.

Dan
  • #324
  • Sep 12, 2007 8:35am Sep 12, 2007 8:35am
Hello everybody, hello fxtraderpro,
i like your strategy, and forward testing it w 4 pairs (low spread, default setup). I think that a breakeven in place of tp could be more profitable (why exit a trade if it's a winner). The BE could have an increment (let's say 5 pips). Anyway it's a good strategy and i thank you for sharing it.
Rien ne sert de courir il faut partir à point.
  • #325
  • Sep 12, 2007 8:37am Sep 12, 2007 8:37am
Quoting FXTradepro
duyduy.......That is very odd. Never saw an issue like that before.

Dan

I forward test it for 2 weeks now. This is the 1st time happened..
  • #326
  • Sep 12, 2007 10:23am Sep 12, 2007 10:23am
Quoting FXTradepro
prennie....I am not sure what you are doing wrong. What Broker are you using?

Dan
I am using a demo mt4 it also seem like I only have 5025 demo money to play with I am new mt4 meta trader
  • #327
  • Sep 12, 2007 10:45am Sep 12, 2007 10:45am
Quoting prennie0
I am using a demo mt4 it also seem like I only have 5025 demo money to play with I am new mt4 meta trader
Please post a screen shot of your chart with the EA in place. Do you have a smiley face in the upper right hand corner?
  • #328
  • Sep 12, 2007 11:43am Sep 12, 2007 11:43am
My biggest problem with this system so far is that it is TOO SUCCESSFUL!!! I usually hit my TP by the 2nd or 3rd progression. Even if it advanced to the 4th progresson, such nightly returns will only yield a 21% return against a capital reserve of $47.5k. However, if my capital reserve is only $11.3K, then my effective annual return is 88%, assuming that I go fund only to 18 progressions and don't experience a blowout.

thanks,

Walt
  • #329
  • Sep 12, 2007 12:06pm Sep 12, 2007 12:06pm
Quoting jones247
My biggest problem with this system so far is that it is TOO SUCCESSFUL!!! I usually hit my TP by the 2nd or 3rd progression. Even if it advanced to the 4th progresson, such nightly returns will only yield a 21% return against a capital reserve of $47.5k. However, if my capital reserve is only $11.3K, then my effective annual return is 88%, assuming that I go fund only to 18 progressions and don't experience a blowout.

thanks,

Walt
Imagine TOO Successful, LOL.....Walt, what are you basing your entry criteria on? And also, what Pairs are you trading?

Dan
  • #330
  • Sep 12, 2007 2:28pm Sep 12, 2007 2:28pm
Thanks for this strategy! I had a look at the Cable and it looks very promising if you use a good entry.

BTW: I did not download your EA but just wanted to say hello. I don't use MT4 in combination with EA's, I do it all manually.

Regards - Xaron
  • #331
  • Sep 12, 2007 5:10pm Sep 12, 2007 5:10pm
Quoting FXTradepro
Imagine TOO Successful, LOL.....Walt, what are you basing your entry criteria on? And also, what Pairs are you trading?

Dan
Hi Dan,

I'm mostly trading GBP/JPY and EUR/JPY.


Walt
  • #332
  • Sep 12, 2007 10:24pm Sep 12, 2007 10:24pm
Quoting smjones
Please post a screen shot of your chart with the EA in place. Do you have a smiley face in the upper right hand corner?
thank for your offer to help i figured it out i just need to learn mt4
  • #333
  • Sep 12, 2007 10:25pm Sep 12, 2007 10:25pm
Hi Walt,

GBP/JPY & EUR/JPY have been in range for this week so SL has been hit quite often, how high does your progression level reach to (Mine got up to 15)? What do you base your entry on?

Thanks.

Quoting jones247
Hi Dan,

I'm mostly trading GBP/JPY and EUR/JPY.


Walt
  • #334
  • Sep 13, 2007 5:46am Sep 13, 2007 5:46am
Hi dan
excellent presentation and strategy.have been demoing the EA for a couple of days-very good results.thanks for sharing

kanis uk
  • #335
  • Sep 13, 2007 7:42am Sep 13, 2007 7:42am
Quoting Plutonite
Hi there,

...........My suggestion is to make all the entries and exits discretionary, even if you do a stop-reverse yourself. This would then mean that you are trading normally with the hope of not getting 15 losses in a row, and making up some losses on the way.

Best of luck,
-P

Hello Plutonite......Can you please elaborate on the above idea? Why do you think that trading this concept manually would be beneficial?

Thanks,

Dan
  • #336
  • Sep 13, 2007 5:25pm Sep 13, 2007 5:25pm
Quoting EATrader
Hi Walt,

GBP/JPY & EUR/JPY have been in range for this week so SL has been hit quite often, how high does your progression level reach to (Mine got up to 15)? What do you base your entry on?

Thanks.
As a matter of fact last night my TP was reached on the GBPJPY on the 1st progression (SL-24, TP-100); however, I also traded GBPUSD, which reach my TP on the 17th progression (SL-12, TP-50).

Thanks,
Walt
  • #337
  • Sep 13, 2007 8:03pm Sep 13, 2007 8:03pm
Quoting jones247
As a matter of fact last night my TP was reached on the GBPJPY on the 1st progression (SL-24, TP-100); however, I also traded GBPUSD, which reach my TP on the 17th progression (SL-12, TP-50).

Thanks,
Walt
Nicely traded on GBPJPY......GBPUSD was caught in a pretty tight range last night. The safety of a 24 entry Sequence is what helps in situations like that. At 17 Entries, your profit should have been pretty good.

Dan
  • #338
  • Sep 13, 2007 8:55pm Sep 13, 2007 8:55pm
Quoting FXTradepro
Nicely traded on GBPJPY......GBPUSD was caught in a pretty tight range last night. The safety of a 24 entry Sequence is what helps in situations like that. At 17 Entries, your profit should have been pretty good.

Dan
Absolutely... Just think, I was considering reducing my trades to only 15 progressions.

I'm considering the probability of a shorter ratio than 1:4. Perhaps 1:2.5 would create breakouts much sooner, depending on the currency pair. For example, GBPUSD needed to exceed a range of 50 pips (actually my SL was 12 & my TP was 50... so I needed 62 pips). However, at a ratio of 1:2.5, having a SL of 10 would demand a TP of 25. This would have resulted in a breakout by the 10th progression instead of the 17 progression. The problem is that the margin requirement would increase materially.

Walt
  • #339
  • Sep 13, 2007 11:14pm Sep 13, 2007 11:14pm
Quoting jones247
Absolutely... Just think, I was considering reducing my trades to only 15 progressions.

I'm considering the probability of a shorter ratio than 1:4. Perhaps 1:2.5 would create breakouts much sooner, depending on the currency pair. For example, GBPUSD needed to exceed a range of 50 pips (actually my SL was 12 & my TP was 50... so I needed 62 pips). However, at a ratio of 1:2.5, having a SL of 10 would demand a TP of 25. This would have resulted in a breakout by the 10th progression instead of the 17 progression. The problem is that the margin requirement would increase materially.

Walt
Hi Walt.....As a long time user of this Method, I have tried many different combinations and parameters. What you say above is correct and Traders can decide what settings are best for them. I probably have tried them all and settled on the settings I have provided in this Thread but other combinations can also work.

Dan
  • #340
  • Edited 3:51am Sep 14, 2007 3:31am | Edited 3:51am
Thanks for this contribution FxTraderPro, I am testing your EA with good results with microlots in IBFX (10 positions opened until now= 100% gained) but I would like to ask you some questions:

- In IBFX the spread in GBP/JPY is 9 or 10 pips, so if I want to trade this pair I can't: as soon as it opens the position is closed.

- Can you tell me the calculations if I want to change the settings from the defaults SL 10 and TP 40 to this one: SL: 20 TP: 50. Or what do you think that would be the best TP and calculations with 20 SL?
I would thank you a lot if you can tell me these calculations in standard account, minilots and microlots. You can do it by PM if you want.

I also saw that it works with more than 1 pair at once.

Keep on this wonderful thread and congratulations
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