FXTradepro: Strategy using a “Semi-Martingale” Position Sizing | Page 21 | 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

  • #401
  • Sep 18, 2007 11:34pm Sep 18, 2007 11:34pm
Well, it's not going to work.
The mandatory magic number reset stops the process.

Onward..
  • #402
  • Sep 19, 2007 1:40am Sep 19, 2007 1:40am
Hi Tom,

I can recommend Alpari as MT4 broker. They have a never expiring demo account (you have to log in at least once in 90 days) and a very good data feed and reliable servers.

Regards - Xaron
  • #403
  • Sep 19, 2007 4:20am Sep 19, 2007 4:20am
FXTradepro, you said in post #378

Quote
this EA was not designed to trade as an automated system and I always Trade with hibernate set to FALSE
Then you said in post #400

Quote
remember that the EA has not really been tested in a HIBERNATE = FALSE mode as I do not Trade the Strategy that way
I'm a little confused Do you trade with Hibernate on or off?
  • #404
  • Sep 19, 2007 4:33am Sep 19, 2007 4:33am
Also by the way I am 2 for 2 with trades closed using EUR/JPY at 10/40 and GBP/JPY at 25/100.

EUR/JPY closed at level 8 and GBP/JPY at level 1.

I tried out timed entries with Hibernation ON with the EUR/JPY right at the beginning of the Asian session yesterday and adjusted the GBP/JPY to start up a couple of hours before London open. I will try and and play with times in the next week or so to see what happens. I'm also looking at the possibility of using Muerry Levels as possible entry points as well. Just a thought.
  • #405
  • Sep 19, 2007 5:07am Sep 19, 2007 5:07am
Hibernation is set to true, so the EA will stop after reaching the tp.

Regards - Xaron
  • #406
  • Sep 19, 2007 6:14am Sep 19, 2007 6:14am
Although the spreads in IBFX are high, it's great in a real account and with this method because IBFX offer microlots in a miniaccount

Quoting tvanny
Hi Dan. Let me jump on the bandwagon and thank you for your inordinate amount of time and effort to bring us this semi-automated/discretionary system. I’ve just finished going through 27 pages of posts. I’m a newbie to FX but have spent a lot of time with stock and Index trading (with varying degrees of successes and blow outs). I’m currently going through the Babypips.com lessons and have several books I’m devouring.
Do you (or anyone) have any suggestions on the best sites to open a demo account so that I can get my brain around the EA using the MT software? I saw someone was using IBFX. Do they offer a demo account? I’m currently at work and can’t access their site.

Again thanks!
Tom
  • #407
  • Sep 19, 2007 6:56am Sep 19, 2007 6:56am
Quoting Xaron
Hi Tom,

I can recommend Alpari as MT4 broker. They have a never expiring demo account (you have to log in at least once in 90 days) and a very good data feed and reliable servers.

Regards - Xaron

Mr Xaron,

was that you at Oanda forum ?

by the way, how's Alpari ? i've only heard of them recently ! hope they're as reliable as their servers........

if you don't mind, do they offer accounts in other currencies other than USD ? can a trailstop be run on their servers like FXCM ???

sorry for so many questions.......
  • #408
  • Sep 19, 2007 7:01am Sep 19, 2007 7:01am
Yes, that's me on the Oanda forum as well.

Alpari has very reliable servers and is one of the best MT4 brokers in my opinion with tight spreads. The only drawback (not for me): They don't accept US citizens yet.

They offer accounts in EUR (I use an euro account), GBP, CHF and USD.

I haven't used trailing stops so far, I guess they come from MT? If yes, then they will work.

Regards - Xaron
  • #409
  • Sep 19, 2007 7:02am Sep 19, 2007 7:02am
anyone tried if keeping the TP same as SL at 10 pips but doubling the units bought each progression ? or is that even more risky despite the lower TP having higher chance of being hit ?
  • #410
  • Sep 19, 2007 7:09am Sep 19, 2007 7:09am
If u gona double the lots each roung then u'r gonna be using a martingale system, and thats not good until u have a good technical analyses of the trade and margin to continue doubling if it happens any thuing that wasn't on your plans hehehe
  • #411
  • Sep 19, 2007 7:39am Sep 19, 2007 7:39am
Quoting mer071898
FXTradepro, you said in post #378

Then you said in post #400

I'm a little confused Do you trade with Hibernate on or off?
My error there..........I alway set HIBERNATE = TRUE - sorry! I have corrected this in the earlier Post.

Dan
  • #412
  • Sep 19, 2007 9:12am Sep 19, 2007 9:12am
I'm using a simple strategy that's similar to FXtardepro strategy, i was using this strategy since nov/05 but i was doing mannualy , so goto thanks to Fxtradepro for sharing his ea with us, the strategy that i'm using it's simple i'm only entering on big news that have a range of 40+ pips on the first 30minuts after the news release, an setting the lots as martingale, ie. 1,2,4,8,16,32.. since i'm using this strategy the maximum number of trades that have to be opened was 6trades. It sims riskly but, i use about 0,5%of the margin as initial lot on a mini account so, the results it's like this:

Usually it take 3 trades do close on the tp so it like this that happens, te's take as example an mini aacount with 5K, so lets go to the example:

0.25 closed on sl -10pips -2,50USD
0.50 closed on sl -10pips -5,00USD
1.00 closed on sl -10pips -10USD
2.00 closed on tp +40pips +80USD

total = 62,50USD

it seems that isn't a great result, but 62,50USD it's more than 1% of the account balance. We have abou 4 great news at least on a month that have movs bigger than 40pips, so its abou 4trades that u would do one a month, so ussualy trqade on usdjpy and gbpusd cause of the spread and the range that it haves, i trade only in this 2 at the same time and no more pairs, to limit the risks of the trade, só if u make 4 trades on this 2 pair a month u will to about 8trades monthly and generaty a profit between 4 and 10% of your account balance, i'm ussing this stratey on my live account since nov/05 and that's the results that i'm habing with it, u can test on a demo account to as see by yourself hehehehe.
  • #413
  • Sep 19, 2007 9:27am Sep 19, 2007 9:27am
Quoting ggarbuio
I'm using a simple strategy that's similar to FXtardepro strategy, i was using this strategy since nov/05 but i was doing mannualy , so goto thanks to Fxtradepro for sharing his ea with us, the strategy that i'm using it's simple i'm only entering on big news that have a range of 40+ pips on the first 30minuts after the news release, an setting the lots as martingale, ie. 1,2,4,8,16,32.. since i'm using this strategy the maximum number of trades that have to be opened was 6trades. It sims riskly but, i use about 0,5%of the margin as initial lot on a mini account so, the results it's like this:

Usually it take 3 trades do close on the tp so it like this that happens, te's take as example an mini aacount with 5K, so lets go to the example:

0.25 closed on sl -10pips -2,50USD
0.50 closed on sl -10pips -5,00USD
1.00 closed on sl -10pips -10USD
2.00 closed on tp +40pips +80USD

total = 62,50USD

it seems that isn't a great result, but 62,50USD it's more than 1% of the account balance. We have abou 4 great news at least on a month that have movs bigger than 40pips, so its abou 4trades that u would do one a month, so ussualy trqade on usdjpy and gbpusd cause of the spread and the range that it haves, i trade only in this 2 at the same time and no more pairs, to limit the risks of the trade, só if u make 4 trades on this 2 pair a month u will to about 8trades monthly and generaty a profit between 4 and 10% of your account balance, i'm ussing this stratey on my live account since nov/05 and that's the results that i'm habing with it, u can test on a demo account to as see by yourself hehehehe.

Interesting approach.....I have also Traded this type of set up at News time in the past, but I am not currently doing that as I am careful about Trading during spread widening at my Broker

I am curious as to what MT4 Broker you are using for this concept.

Dan
  • #414
  • Sep 19, 2007 11:44pm Sep 19, 2007 11:44pm
SO....Where are any new people? Let's hear from you...520 downloads of the EA - I know you are out there....LOL

Dan
  • #415
  • Sep 20, 2007 1:24am Sep 20, 2007 1:24am
Well, I downloaded it, but I don't technically consider myself as "new." I am just usually quite and don't ask a lot of questions. Just read and read and try to figure out what is happening for bothering with useless and overasked questions.

But, at the moment, I am forward testing the EA on an IBFX account, running 24 hours a day. Plan was to let it run for atleast 30-45 days to see how it holds up, and this it the normal thing I do with any new ideas/theories that come out. I currently have 7 copies of IBFX open right now, just to do tests on multiple things.

So, hopefully in a month or so, if it does well, or does horribly, I will try to post the full results.

Have fun and enjoy trading.

Adam Abrahamson
  • #416
  • Sep 20, 2007 1:28am Sep 20, 2007 1:28am
Thanks for the comments Adam.....Just remember that this EA is a Tool and was not designed for automated 24/7 Trading. I am not sure how you are using it from your Post, but let us know....... and Good Trading to you.

Dan
  • #417
  • Sep 20, 2007 1:49am Sep 20, 2007 1:49am
Yes, I am aware. I even downloaded your full template, to try and get an idea of when a better time to start the initial entry would be.

I also, attached one of my home built systems (something I tried to discuss about a year or so ago on the forums), which gives me pretty solid entry times using 4 different moving averages. So, I will be using it on a seperate account to decide when to enter the trade, too.

Again, hope to see how it goes.

Adam Abrahamson
  • #418
  • Sep 20, 2007 1:53am Sep 20, 2007 1:53am
Quoting asmocon
Yes, I am aware. I even downloaded your full template, to try and get an idea of when a better time to start the initial entry would be.

I also, attached one of my home built systems (something I tried to discuss about a year or so ago on the forums), which gives me pretty solid entry times using 4 different moving averages. So, I will be using it on a seperate account to decide when to enter the trade, too.

Again, hope to see how it goes.

Adam Abrahamson
OK...GOOD LUCK and let me know how you are doing.

Dan
  • #419
  • Sep 20, 2007 3:06am Sep 20, 2007 3:06am
this is driving me crazy Dan! everytime a sequence starts it doesn't progress according to what i have it just keeps opening .25, .25, .25, .25 etc. all this is messing my live trades up. i dont understand this! what to do?
  • #420
  • Sep 20, 2007 3:19am Sep 20, 2007 3:19am
i don't get this! it is working on my demo but not my damn live acct. does anybody know why this is happening?
0 traders viewing now