Martingale Trend EA | Forex Factory

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Martingale Trend EA

  • #1
  • First Post: Nov 16, 2007 11:04am Nov 16, 2007 11:04am
As oppose to the typical Martingale EA where as we double against a trend in hopes that the market turns our way, is there an EA that does the opposite?
For example: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call closes your positions. Essentially this EA makes money when the currency is trending. I've tested this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works very well. Also my entries ARE NOT random! Now does an EA exist?

thnx
  • #2
  • Nov 16, 2007 3:36pm Nov 16, 2007 3:36pm
You can add martingale to any ea: if it lose, you double the lots - no difference between trendfollow or contrarian, indicator or grid based or whatever.
But your idea is still interesting, take a sheet of paper and draw a possible chart. Then, on the upper side of the chart, mark the buys and sells of your idea, at the lower side draw the buys and sells of a conventional martingale.
Now, guess both systems are just one and look, what orders will be left.

very promising, isnīt it?
  • #3
  • Nov 16, 2007 7:19pm Nov 16, 2007 7:19pm
there is a difference. The martingale EAs that are out there are counter trend, meaning they do well in ranging markets. I want a Martingale type EA that does well when the markets trend.
  • #4
  • Nov 16, 2007 7:24pm Nov 16, 2007 7:24pm
Quoting criss73
there is a difference. The martingale EAs that are out there are counter trend, meaning they do well in ranging markets. I want a Martingale type EA that does well when the markets trend.
I want one too .....
  • #5
  • Nov 16, 2007 9:34pm Nov 16, 2007 9:34pm
Need a diagram if you can produce one.

The Semi-martingale EA by FXTradePro and my "Dion's Pyramid" thread might be good places to look for other ideas.

Use the search tools.....

Quoting criss73
As oppose to the typical Martingale EA where as we double against a trend in hopes that the market turns our way, is there an EA that does the opposite?
For example: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call closes your positions. Essentially this EA makes money when the currency is trending. I've tested this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works very well. Also my entries ARE NOT random! Now does an EA exist?

thnx
  • #6
  • Nov 17, 2007 9:00am Nov 17, 2007 9:00am
Quoting criss73
As oppose to the typical Martingale EA where as we double against a trend in hopes that the market turns our way, is there an EA that does the opposite?
For example: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call closes your positions. Essentially this EA makes money when the currency is trending. I've tested this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works very well. Also my entries ARE NOT random! Now does an EA exist?

thnx
Hi Criss...........I responded to you PM at TSD or you can email me through Forex Factory.

Dan
  • #7
  • Nov 17, 2007 9:01am Nov 17, 2007 9:01am
Quoting Schminner
I want one too .....

My FXTradepro Manager EA does exactly what Criss wants. Please email me if you are interested.

Dan
  • #8
  • Nov 17, 2007 9:13am Nov 17, 2007 9:13am
hey tdion here's a diagram. Now FxtradePro does have an EA but is charging at the end of the year. About 7 months I created a thread on Forex-tsd and an individual wrote an EA that I wanted (azman818) and had... but I accidentally deleted it. It was called criss_cross something.





Quoting tdion
Need a diagram if you can produce one.

The Semi-martingale EA by FXTradePro and my "Dion's Pyramid" thread might be good places to look for other ideas.

Use the search tools.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 31 KB
  • #9
  • Nov 17, 2007 9:17am Nov 17, 2007 9:17am
Criss,

How worried are you that you will get caught in a prolonged sideways market?

They do happen, and even though you say you have discretionary entries, you don't have a crystal ball.

Cheers.
  • #10
  • Nov 17, 2007 9:33am Nov 17, 2007 9:33am
I'm not at all because I get in at certain point in time, I rarely see it range more than 7 times on the GBYJPY ONLY!! I've tried it unsuccessfully on the GBPUSD. GBPJPY loves to trend and plus the spread between the Buy and Sell is minimum 100 pips and up and not less. Also I use CCI to find divergence in the pair. And the chart example I showed you CCI was diverging, telling me that the GBYJPY was going to move down. How far? I don't know but I look to grab 200 to 300pips.



Quoting tdion
Criss,

How worried are you that you will get caught in a prolonged sideways market?

They do happen, and even though you say you have discretionary entries, you don't have a crystal ball.

Cheers.
  • #11
  • Nov 17, 2007 9:37am Nov 17, 2007 9:37am
Quoting tdion
Criss,

How worried are you that you will get caught in a prolonged sideways market?

They do happen, and even though you say you have discretionary entries, you don't have a crystal ball.

Cheers.

I Trade a method like this and have been doing so for a long time. The KEY to success is to not leave the EA unattended BUT to monitor your position and TURN OFF the EA when this situation arises. Often when a Sequence Of Trades gets stuck in a range and rises to a higher level of progressions there are many opportunities to get the Sequence to BreakEven, a small Profit or even a small Loss. A Trader could then re-enter a new Sequence when the Market seems more favorable and recover. Traders must learn to Trade what they SEE and not what they think.

This is what has worked well for me in Trading this type of Strategy.

Dan
  • #12
  • Nov 17, 2007 9:55am Nov 17, 2007 9:55am
Quoting criss73
hey tdion here's a diagram. Now FxtradePro does have an EA but is charging at the end of the year. About 7 months I created a thread on Forex-tsd and an individual wrote an EA that I wanted (azman818) and had... but I accidentally deleted it. It was called criss_cross something.
Here it is

http://www.forex-tsd.com/104414-post17.html
  • #13
  • Nov 17, 2007 10:07am Nov 17, 2007 10:07am
thank you very much smjones!!

Quoting smjones
Here it is

http://www.forex-tsd.com/104414-post17.html
  • #14
  • Aug 18, 2009 6:38am Aug 18, 2009 6:38am
http://www.forexfactory.com/showthre...86#post2963886
  • #15
  • Aug 18, 2009 7:01am Aug 18, 2009 7:01am
money and position management cannot transform unprofitable EA in a profitable one.

the keys are the rules of entry/exit the trade
  • #16
  • Last Post: Aug 18, 2009 7:19am Aug 18, 2009 7:19am
Quoting moosley
money and position management cannot transform unprofitable EA in a profitable one.

the keys are the rules of entry/exit the trade
the entryand exit rules of any ea can be changed, this is about the middle bit
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