Martingale Baggio Method

Quoting madscalp

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Don't work for me http://www.forexfactory.com/images/icons/icon9.gif http://www.forexfactory.com/images/icons/icon9.gif
Both in Expert folder ?
Is't right ?

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Quoting Rama

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Madscalp,
On the chart you dropped the EA press F7. On page "Common", mark the case "Allow live trading".

Do this on each EA/Chart you use.

Don't forget to allow Expert Advisor, pressing the botton in the middle of the tool bar (I' don't know how to put here an image of it).

Good luck.

Rama

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Quoting guess121

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hi rama,

tried the EA, but it will not add me to the chart at all.

regards,
guess

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Quoting guess121

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this is the error I get when trying to complie.

they are both in the same folder:

2;76;C:\Program Files\MetaTrader 4\experts\MA Martingale v2.1.mq4;26:1;'AllOrdersControl.mq4' - cannot open the program file

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Quoting Rama

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The file AllOrdersControl.mq4 must be copied on the folder \Program Files\MetaTrader4\experts\include.

I forget something very important: CHANGE THE MAGIC NUMBER of the EA ON EACH CHART. The EA recognize its orders from this number.

Good luck.

Rama

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Quoting guess121

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i thought it might be that... did it and worked...



also Rama, can you please add time function to this?

i.e start trading at this time, and if any trades open, then close all trades at by a certain time?

thanks
guess

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Quoting Rama

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These are the EA parameters explanation:

a) #include <AllOrdersControl.mq4> //Place in memory the array containing orders executed by EA. It makes faster and secure execution of it.

b) TakeProfit=30; //Fixed pip profit target on each order.

c) PipsStep=25; //Fixed pip loss until a new order is entered in the same way. If the previous order lost a number of pips equal to PipsStep, it enters a new one following martingale parameters.

d) MaxTrades = 7; //Maximum number of orders in a martingale (group of related orders). It is not infinite the number of trades generated by EA. It stops placing new orders when the count of them reaches MaxTrades quantity.

c) FactorLot = 2; //Multiplier of previous lotsize. This is the lot size growth factor of the next order. I.e. initial lot size: 1, then next are: 2, 4, 8, 16, 32, etc.

d) FactorPips = 1;//Multiplier of previous PipsStep. This is the pip loss growth factor of the next order. i.e. PipsStep = 30, the EA will place a new order each time the previous lost 30 pips. But if FactorPips = 1.5, the next order will be placed when previous lost (30x1.5) 45 pips, and the third when previous lost (30x1.5x1.5) 68 pips, and so on. It could be negative.

e) OrdenSalto = 5;//Number of order to make a jump/fall (Salto) on the FactorLot. It could be negative also (fall). When EA is placing the order number OrderSalto, the lot size will make a jump or a fall. i.e. FactorLot = 2, when placing order #5 the lot size will increase in Salto (1.25): 2x1.25= 2.5 is the new lot size only for this order. The following increase lot size normally (FactorLot). OrdenSalto and Salto are never used again in the same martingale.

f) Salto = 1.25;//Determine size jump on growth of the lot size. See below.

g) mm=true; //If it is "true" EA manage money management as percentage of balance. If it is false the initial lot size is equal to InitialFixedLots.

h) MiniAccount=true; //If EA works on a mini or standard account.

i) ReverseCondition=false; //Read inverse the indicator signals. If buy, then sell and vice versa.

j) risk=0.25; //Lot size of initial trade as percentage of balance. If miniaccount initial lot size is risk/10000xbalance. If standard account, initial lot size is risk/1000xbalance.

k) InitialFixedLots=0.01; //Minimum lot size admitted by broker/trader. If “mm”, EA money management is false, then this is the initial lot size. If percentage over balances is less than this lot size, then initial lot size is InitialFixedLots.

l) MaxLots=50;//Maximum lot size admitted by broker/trader. When the martingale needs to place an order bigger than 50, it places orders with a 50 lot size, and one with the rest. i.e. lot size = 63.5, it places one order of 50 lots, and a second of 13.5. Both are considered as one for the count of maximum trades allowed by trader on MaxTrades. (if lot size = 118.73, it places two orders of 50 lots each one and a third of 18.73, all of them are considered one trade for the count of maximum trades allowed).

m) MAMethod = MODE_SMMA; //Method of Moving Average Indicator.

n) MAPeriod = 100;//Period of Moving Average Indicator.

o) MAPrice = MODE_OPEN; //Prices of Moving Average Indicator.

p) Magic = 100108;//Number used by EA to identify orders placed by itself and manage them. If you execute the EA on two different charts, and don’t change Magic number, both EAs will manage all of the orders placed as if were the same EA. This will cause serious errors.

q) slippage = 40;//Slippage for close orders. Is too big because EA closes orders using the take profit price reached by the last one as reference.


How does it work on a miniaccount:
- The enter signal is given by a crossing of a 100 bars smoothed moving average. If it crosses up, then signal is buy. If it crosses down, signal is sell.
- If ReverseCondition is true, then the signal will be read inversed: if signal is buy, the execution is sell, and vice versa.
- First order is placed with a lot size equal to risk/10000*balance.
- InitialFixedLots is the initial lot size when previous step is smaller than it and when “mm” is false.
- Suppose initial lot size is 0.05. If MaxTrades is 7, then this will be the sequence in the martingale: 0.05; 0.10; 0.20; 0.40; 0.80; 1.60; 3.20. EA stops placing new orders when seven orders are placed.
- If OrdenSalto is set to 5, and Salto set to 1.25, then this would be the sequence: 0.05; 0.10; 0.20; 0.40; 1; 2; 4.
- The take profit is place to the price equal to enter + TakeProfit in the first order. The followings are placed with a take profit equal to last enter prices plus difference between TakeProfit and PipsStep. i.e.
- When prices retrace and the last order touches its take profit, all orders are closed immediately.

Recommendation to test yourself: take parameters from reports uploaded, and save them on your hard disc.

Improves to develop:

1. Start and stop at a specific time if there isn’t a martingale on execution.
2. Assure order close. The EA don’t verify if its instructions are executed properly.

See next post of mine. I’m uploading the same EA with an error fixed.
Testing on EUPJPY on 01/04/2007 I saw that an order was placed, and the next tick touches the take profit. It was so fast that update of order number was omitted. So the EA places again a similar order. But take profit didn’t come again, and previous orders didn’t close. Blowing up the account.

Regards,

Rama.

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Quoting madscalp

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I tested the system during a few hours and it works perfectly.
But instead of SMA, I prefer an order launcher from hourly stochastic - if sto > 80 then launching of first order (sell) ; if sto < 20 then first order (buy) -others orders without change
I'm not a coder but I believe that possible.
What do you think about ?

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Quoting guess121

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Why not... but I don't forget, stochs can stay over/under sold and price will still head in that direction for a long time.

hear me out on this out... we need a volatile market condition... 7am/8am GTM, that's when we see the price movement and that's when the moves start to occur and then they die down up and till midday until US open and then another surge (besides news).

we have to remember

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Quoting madscalp

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OK, Guess
we need volatility
which is the best way to launch orders in volatility time ?

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Quoting madscalp

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that's right
your system ( buy-sell-buy-sell ...) is different from Rama's system (buy then buy then buy the buy ...or sell then sell then sell then sell)
I don't know if volatility is an important factor in Rama's system
I prefer to determine a beginning of trend
so I'm going to try the Rama's system during a few days...to see

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