DislikedHi,
I got a msg from someone and he wants me to add these filters/indicators to the EA. Could someone please do some back testing of his system and give some statistics on the system. If its profitable. I'll add these filters to the EA.
http://www.daily-pips.blogspot.com/
Thanks
SaaedbIgnored
- #1,384
- Dec 12, 2007 11:34pm Dec 12, 2007 11:34pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
- #1,388
- Edited 12:45am Dec 13, 2007 12:10am | Edited 12:45am
- | Joined Dec 2007 | Status: Trader | 8 Posts
this is gambling but if u really want to do this (i am former gambler) you should use martingale only as a hedge...for example trading on 2:1 with this system of 50 sl and 100 tp as follows
trade1. = trade 10 minilots = lose on account of 100000 = (sl of 50 = - 500 = 99500 balance
trade2 = 11.6 minilots (if u expect no more than 6 losses in a row) you can round down to 11.5 minilots = lose 99500 -575 = 98925
trade 3 = 19 minilots = loss = -950 = 97975
trade 4 = 22 minilots = loss = -1100 = 97025
trade 5 = 36 minilots = loss = -1800 = 95225
trade 6 = 60 minilots = loss = 92225
trade 7 = 100 minilots = WIN (FINALLY YEAH) = 102225!!!!
so this is your downside if you never lose more than 6 in a row (big if)
you can reset these levels for worst case scenario of losing 10 in a row lets say as well..... its easy just do the math.... ( i would recomend you do this)
e.g trade 1 is 10 minilots
trade 2 is 11 minilots
trade 3 is 12.1
trade 4 = 13.31 minilots etc. etc... (still only 1.3 standard lots) you see how much better this is than risking your entire account!
or course if you keep losing more than 6 (or 10 if u follow the 10 in a row martingale hedge system i advocate above)in a row you are completely screwed due to exponentially biggger risks on trades lol but hey
this is the right way to do martingale! I would be interested to know how this would play out in a back test (or forward test even better) as well....
remember gamblers goal is to use techniques to minimize losses and maximize gains by having an edge...here the edge is that you are risking 50 to get 100 or you have 2:1 odds in your favor if the system is 50% win ratio then u should always make money in theory..... someone please make me an ea of this without bugs and teach me how to implemnt the ea! = could be holy grailish!
Actually mine is like this
Day1. = trade 10 minilots = lose on account of 100000 = (2sl of 50 = - 1000 = 99000 balance)
Day2 = trade 20 minilots=lose on account of 100000 = (2sl of 50 = - 2000 = 97000 balance)
Day3=trade 40 minilots=lose on account of 100000=(2sl of 50 = -4000 = 93000 balance)
Day4=trade 80 minilots=lose on account of 100000=(2sl of 50 = -8000 = 85000 balance)
Day5=trade 160 minilots=lose on account of 100000=(2sl of 50 = -16000 = 69000 balance)
Day6=trade 320 minilots=win on account of 100000=(tp of 100 = +320000 = 110000 balance)
