Martingale EA. Almost can't lose! | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Martingale Calculation EA (also reverse martingale) 3 replies

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Attachments: Martingale EA. Almost can't lose!
Exit Attachments

Martingale EA. Almost can't lose!

  • #21
  • Jan 7, 2007 5:32pm Jan 7, 2007 5:32pm
Quoting philmcgrew
How many pips did your broker make in all of this?
EUR/USD spread is 2..... we need to push the TP out to 30 for this to work....

Therefore the gain is 29 lots x 28 pips is 812 pips profit.... loss is 19 lots x 42 pips which is 798 pips.... Net profit is 14 pips.

The key to this is that the account shouldn't drawdown too severely... Your account will slowly be gobbled up with margin money as new contracts are opened... but I'd take that any day over drawdown.
  • #22
  • Jan 7, 2007 5:42pm Jan 7, 2007 5:42pm
So you made 14 pips. How many did your broker get?
  • #23
  • Jan 7, 2007 5:47pm Jan 7, 2007 5:47pm
Quoting philmcgrew
So you made 14 pips. How many did your broker get?
(29 long + 19 short) x 2 = 96 pips
  • #24
  • Jan 7, 2007 5:49pm Jan 7, 2007 5:49pm
Quoting tdion
(29 long + 19 short) x 2 = 96 pips
I think I would like to be the broker in this ill-conceived scheme
  • #25
  • Jan 7, 2007 5:52pm Jan 7, 2007 5:52pm
What do you think Phil? Can it work?
  • #26
  • Jan 7, 2007 5:55pm Jan 7, 2007 5:55pm
Maybe in an ideal world. To be frank, I wouldn't waste my time trying to make 14 pips in 48 trades.
  • #27
  • Jan 7, 2007 6:16pm Jan 7, 2007 6:16pm
Quoting Zeuzere
So again, if we push further:
You look at a currency, and you take the daily average! lets 80pip for EURUSD.
If this is true, it should make a profit most days. Lot's of scalpers are happy with 14 steady pips a day.

This has EA written all over it. The only thing I'd worry about is slippage and margin money. You actually have more contracts open at one time with this than with traditional martingale.... but not the huge drawdown.
  • #28
  • Jan 7, 2007 6:23pm Jan 7, 2007 6:23pm
I know quite a bit about this type of GRID. A little hint, call FXsol and ask them their margin policy on hedging. I think you will be pleasently surprised..

Scott


Quoting tdion
If this is true, it should make a profit most days. Lot's of scalpers are happy with 14 steady pips a day.

This has EA written all over it. The only thing I'd worry about is slippage and margin money. You actually have more contracts open at one time with this than with traditional martingale.... but not the huge drawdown.
  • #29
  • Jan 7, 2007 6:29pm Jan 7, 2007 6:29pm
Just to set the record straight I am not a fan of Matingale MM... But I do know the hedge trade you are speaking of.



Quoting smjones
I know quite a bit about this type of GRID. A little hint, call FXsol and ask them their margin policy on hedging. I think you will be pleasently surprised..

Scott
  • #30
  • Jan 7, 2007 6:31pm Jan 7, 2007 6:31pm
Quoting smjones
I know quite a bit about this type of GRID. A little hint, call FXsol and ask them their margin policy on hedging. I think you will be pleasently surprised..

Scott
Awwww c'mon.... no drama Scott....:

Can it be done with FXSol? What about other brokers?
  • #31
  • Jan 7, 2007 6:40pm Jan 7, 2007 6:40pm
Yes, it can be done with FXsol. There is no drama, I just thnk the method is not responsible as it takes large risks and I was trying to be polite. I really have nothing more to say on it.. Just call FXsol you have an account there right? I think you will like their margin policy. However I would hate to see it changed from the publicity. I have no idea what other broker policies are...




Quoting tdion
Awwww c'mon.... no drama Scott....:

Can it be done with FXSol? What about other brokers?
  • #32
  • Jan 7, 2007 6:47pm Jan 7, 2007 6:47pm
Quoting tdion
If this is true, it should make a profit most days. Lot's of scalpers are happy with 14 steady pips a day.
I've never met a happy scalper but I'll take your word for it. If i'm not mistaken it's 14 pips in 48 trades, not per day.
  • #33
  • Jan 7, 2007 6:51pm Jan 7, 2007 6:51pm
Well let's see.... if EUR/USD ranges on average 80 pips a day..... and we only need 40 in either direction to make 14 pips...... that would make an average of one winning trade a day.

Where are you getting 48 trades from? My posted graph shows 7 trades.

Thanks for your keen interest in my idea.
  • #34
  • Jan 7, 2007 6:55pm Jan 7, 2007 6:55pm
Quoting smjones
Yes, it can be done with FXsol. There is no drama, I just thnk the method is not responsible as it takes large risks and I was trying to be polite. I really have nothing more to say on it.. Just call FXsol you have an account there right? I think you will like their margin policy. However I would hate to see it changed from the publicity. I have no idea what other broker policies are...
Thanks. Were you aware your PM box is full?
  • #35
  • Jan 7, 2007 6:59pm Jan 7, 2007 6:59pm
No, I did not, thanks for letting me know. I will empty it again... LOL



Quoting tdion
Thanks. Were you aware your PM box is full?
  • #36
  • Jan 7, 2007 7:27pm Jan 7, 2007 7:27pm
Quoting jarcrocker
This system is very simple. It uses a martigale style strategy by incrementally increasing lot sizes. It can be random entry or indicator initiated.
A long/short position is entered and when the market goes against your position you enter a position the other direction with double the previous lot entry.
If the market then turns against you again, you do the same thing, enter a position the other direction double the last lot size increment.
LOL

it takes a while to learn that lots of things look good on paper but fail in reality. you can shortcut this learning process by reading some good books, i would suggest Van Tharp's book to you, it will really open your eyes! good luck!
Relax and be happy.
  • #37
  • Mar 4, 2007 12:26pm Mar 4, 2007 12:26pm
Quoting jarcrocker
This system is very simple. It uses a martigale style strategy by incrementally increasing lot sizes. It can be random entry or indicator initiated.
You're walking down a dead-end. The quicker you turn around, the quicker you'll be a successful trader. Period. End of story.
  • #38
  • Mar 5, 2007 2:33pm Mar 5, 2007 2:33pm
I LOVE THE TITLES OF SOME OF THESE THREADS
  • #39
  • Apr 11, 2007 3:23am Apr 11, 2007 3:23am
Attached is a Hedged Martingale automated trading system based on the concept explained by tdion in his post:
http://www.forexfactory.com/showpost...5&postcount=19

Just attached this script on your chart, preferably a pair that moves at least 25 pips in your direction or 65 pips against your direction. Once it is running, it will wait for you to initiate the trade. Just manually enter any position either it be LONG or SHORT and it will take over. (1 mini lot per $5K account)

Leave the variables TakeProfit, HedgeGap and BreakEven as is at 20.
Best of course is to start it off after 5PM EST or anytime after your broker charges swaps.

Do not use with brokers that charge Commission. It will fail as commission is not added in the code.

Best used with Broker that offers 400:1 or better leverage, 50% Hedge Margin Broker - this way, you use only a small amount of Margin to maintain those lots. Likewise, Fix Spread - so all will exit at the specified SL TP. Spread widening can cause one set to close prematurely.

Its a nice strategy actually. A $5K account, can win $20~$50 daily. I have been demoing this since this week. And made good money. Just today, I made 3 successfull 20 pips profit regardless of where GBPUSD went. $60 per $5K is a good 1.2%.

This version is valid on DEMO accounts only.
Attached File(s)
File Type: ex4 Burger Martingale Hedge.ex4   12 KB | 5,220 downloads
  • #40
  • Edited 9:19pm Apr 12, 2007 9:04pm | Edited 9:19pm
Test placing two hedges side by side, as posted (in image).... as the first loses, the second triggers a buy and wins. This occurs as the first continues into drawing down in its trap. The idea is to always win one trap as another one loses... Set traps above and below each currently drawing down trap at all times...

More advanced: set traps (hedges) up every 10 pip interval to create a highly interwoven grid.... you KNOW drawdowns will occur, but several wins happen at the same time. In fact, a crazy trader with huge nads could set a trap at a 1 pip interval to cover every price action...... that'd be the optimal return but risk would move in tandem.

Burger?
Attached Image
0 traders viewing now