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Martingale Baggio Method

  • #41
  • Jan 30, 2008 9:30am Jan 30, 2008 9:30am
I think both systems are good but different
if in Rama's system the entry is judicious, the third or fourth trade id good ( only 30 pips TP )
it's very rare that the market takes 100 pips without returning 30 of them
  • #42
  • Jan 30, 2008 3:15pm Jan 30, 2008 3:15pm
Quoting madscalp
I think both systems are good but different
if in Rama's system the entry is judicious, the third or fourth trade id good ( only 30 pips TP )
it's very rare that the market takes 100 pips without returning 30 of them
Madscalp: thats the point. The philosophy of the strategy used by MA Martingale is that market never takes 224 pips (32 pips x7 trades) without a retrace of 30/40 pips.
  • #43
  • Jan 30, 2008 3:24pm Jan 30, 2008 3:24pm
Quoting guess121
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
I agree with stochs can stay over/under sold in a ranging market for long time. But is a good idea to test.

This EA uses Martingale as money management. The stratyegy is define from line 129 to 151. If you want to try or explore another strategy just replace code of this lines. The rest will be managed as a martingale.

I want to test stochastic and vegas tunnel.
  • #44
  • Jan 30, 2008 3:35pm Jan 30, 2008 3:35pm
hi rama

if you can explain how this ea takes orders and direction and purpose, as you have done a little, would be great.

thanks,
guess

Quoting Rama
I agree with stochs can stay over/under sold in a ranging market for long time. But is a good idea to test.

This EA uses Martingale as money management. The stratyegy is define from line 129 to 151. If you want to try or explore another strategy just replace code of this lines. The rest will be managed as a martingale.

I want to test stochastic and vegas tunnel.
  • #45
  • Jan 30, 2008 3:49pm Jan 30, 2008 3:49pm
Quoting guess121
thats what i think, look at 7/8am GTM time on any pair and look at the moment.
I forget to mention the better time frame is 30m.

15m is to short and get in the market too early before a retrace could happen.
1h or bigger TF have bigger movements in a single bar. This requires bigger TP and PipsSteps (lost of previous order). And too much money on balance.

I think (and saw in backtest) that 30m time frame is the best one for this strategy.

About volatiliy: If you run the EA and press the botton “Open Chart” of the Strategy Tester when it finish the test, you’ll see that all conditions are good, except extreme ranging markets without a single retraces of 30/40 pips.

The lateralized markets around the SMA100 are the best conditions.
  • #46
  • Jan 30, 2008 4:48pm Jan 30, 2008 4:48pm
Quoting guess121
hi rama

if you can explain how this ea takes orders and direction and purpose, as you have done a little, would be great.

thanks,
guess

MA Martingale EA uses a very simple strategy, defined between lines 129 to 151 of the expert code.
For better results use parameters values shown on the reports uploaded.
As you can see on the picture the EA placed six orders:
- The first one was entered at 1.7662, when prices crossed down the SMA100.
- But market went against this signal.
- EA continued placing orders looking for a retrace (strict martingale money management). Which comes after 1.7824 price has been touched. 162 pips against your initial position.
- All the orders were closed together at 1.7789 with $17,35 profit. Initial lot was 0.05, and total lot size of six orders was 3.15.
- The count of pips is a loss of -485.

Gess121, I could you please be more specific with your questions.

I beg you perdon by my english. I'm doing my best.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd example.gif Size: 16 KB
  • #47
  • Jan 31, 2008 6:32am Jan 31, 2008 6:32am
Hi Rama,
it would not be better to close each trade one after the other ?
suppose the first trade is lost --> close of this trade at the beginning of the second
if the second is lost --> close of this trade at the beginning of the third
if the third is lost--> close at the beginnig of the fourth.........
it seems better for money management when there is more than three trades
is it possible to modify that in the code ?
what do you think about ?

PS english is not either my native language
what country are you from ?
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 513 downloads
  • #48
  • Jan 31, 2008 7:00am Jan 31, 2008 7:00am
Quoting madscalp
Hi Rama,
it would not be better to close each trade one after the other ?
suppose the first trade is lost --> close of this trade at the beginning of the second
if the second is lost --> close of this trade at the beginning of the third
if the third is lost--> close at the beginnig of the fourth.........
it seems better for money management when there is more than three trades
is it possible to modify that in the code ?
what do you think about ?

PS english is not either my native language
what country are you from ?
Hi Madscalp, how r u doing?

In this case, if the TP is larger than number of Pips to double the lot, this isn´t a good idea. Better stay with the orders open.

When comes a retrace it will recover the pips os PipsStep.

I don´t try it yet with TP smaller than Pips-Step.

Ps: What is this "Slope ** .mq4 " ?
  • #49
  • Edited 7:26am Jan 31, 2008 7:16am | Edited 7:26am
Quoting Numeral
Hi Madscalp, how r u doing?

In this case, if the TP is larger than number of Pips to double the lot, this isn´t a good idea. Better stay with the orders open.

When comes a retrace it will recover the pips os PipsStep.

I don´t try it yet with TP smaller than Pips-Step.

Ps: What is this "Slope ** .mq4 " ?
Thank you for your explanation.
Slope Line is an indicator of trend.
I asked Rama to try this indicator for order launching.
In 7 tests, the indicator of the EA gave five times a bad direction.
Finally, it is not very important but I prefer another indicator by safety.
This one is excellent in 30 mn chart.
  • #50
  • Feb 3, 2008 10:12am Feb 3, 2008 10:12am
Quoting Numeral
Hi Madscalp, how r u doing?

In this case, if the TP is larger than number of Pips to double the lot, this isn´t a good idea. Better stay with the orders open.

When comes a retrace it will recover the pips os PipsStep.

I don´t try it yet with TP smaller than Pips-Step.

Ps: What is this "Slope ** .mq4 " ?
Hi Guess,
Numeral is right. Retrace recover the floating pips loss.
But your idea has an advantage from original: it free margin. And margin is critical when placing order 7, 8, 9 or higher of martingale.

Of course this has worst statistical results, as you can see on attached reports. Realized lost is bigger than the original.

This is coded on original EA on lines 224 to 230 for buy only.

The EA works with the last two orders, closing all the previous, one by one when last is opened. i.e.: when placing order 3, it closes order 1, not 2. That’s because the retrace will recover, and put in profit, the last two orders opened.

I’m attaching EA for both, buy and sell, on next post.

Rama
  • #51
  • Feb 3, 2008 10:25am Feb 3, 2008 10:25am
Quoting madscalp
Hi Rama,
it would not be better to close each trade one after the other ?
suppose the first trade is lost --> close of this trade at the beginning of the second
if the second is lost --> close of this trade at the beginning of the third
if the third is lost--> close at the beginnig of the fourth.........
it seems better for money management when there is more than three trades
is it possible to modify that in the code ?
what do you think about ?

PS english is not either my native language
what country are you from ?
As you can see I was working this weekend. Replaced the SMA(100) indicator by Slope indicator, as MadScalp suggested.

It has better performance than “MA Martingale”. But still make wrong enters. It also makes too many trades. And need to reduce initial lot size, and a higher maximum trade number (MaxTrades = 9 for all pairs tested GBPUSD, USDCHF, EURUSD, EURJPY, USDJPY).

To reduce these problems I added a MACD indicator, to confirm if trend is up or down.

Then I realized that MACD is best indicator than Slope. So change the order of them: first read MACD, then confirm with Slope.

Lateralized markets make wrong signals. So put a range on MACD between 0.00005 and -0.0005 considering lateralized, to avoid enter new order.

Please don’t forget:
- All indicators are sluggish, slowed down. They give the signals too late to enter the market.
- Martingale is a money management system, not a trading one.


Two new parameters
There are two new parameters added to EA:
1. ClosePrevOrder = true/false. This enables or disables closing previous orders when a new one is opened, as mentioned on post #50. EA keeps working with last two opened orders only.
2. StopTrading = true/false. This enables or disables enter new orders with a new signal. If a martingale is open, it continues managing it, but, when it gets closed, EA don’t start new ones. The basic idea is the same as suggested in this thread with date and hour. But I didn’t have time to code this better stoptrading.

See and compare reports on GBPUSD. One of them close first trades when third one is open. The other keeps all orders open until last one touch its take profit, same as original idea.

Regards

Rama
Attached File(s)
File Type: zip MACD Slope GBPUSD Reports.zip   70 KB | 449 downloads
File Type: mq4 MACD Slope Martingale v1.0.mq4   16 KB | 621 downloads
  • #52
  • Feb 3, 2008 2:17pm Feb 3, 2008 2:17pm
hi rama,

yes, i liked the results that you have with the original system.

there are several approaches to this system and i think it depends on what you want, everyone wants something different.

if we were to keep it simple, then i think it would be best, and as long as it makes pips... i am happy. Be it 10 pips a day.



regards,
guess

Quoting Rama
Hi Guess,
Numeral is right. Retrace recover the floating pips loss.
But your idea has an advantage from original: it free margin. And margin is critical when placing order 7, 8, 9 or higher of martingale.

Of course this has worst statistical results, as you can see on attached reports. Realized lost is bigger than the original.

This is coded on original EA on lines 224 to 230 for buy only.

The EA works with the last two orders, closing all the previous, one by one when last is opened. i.e.: when placing order 3, it closes order 1, not 2. That’s because the retrace will recover, and put in profit, the last two orders opened.

I’m attaching EA for both, buy and sell, on next post.

Rama
  • #53
  • Edited Feb 5, 2008 12:47am Feb 4, 2008 1:44am | Edited Feb 5, 2008 12:47am
The system don't change: it's only the way of entry which varies.
It's a big factor to avoid too many trades.
Like Guess says it, it's true that each one wants its own entry.
Another solution: we choose our own entry and the size of the lots
and the EA works for us with these characteristics.
It's a semi-automatic way to proceed.

Rama , the new EA' icon is grey and doesn't work ! ( I'm unlucky )

I'd like also you look at this thread about Pascal's triangle.
http://www.forexfactory.com/showthread.php?t=62066
especially #12 and #25
It's a different system but very interesting.
Do you think that it is possible to make an EA from this theory ?
Best regards
  • #54
  • Feb 4, 2008 3:39pm Feb 4, 2008 3:39pm
Quoting madscalp
The system don't change: it's only the way of entry which varies.
It's a big factor to avoid too many trades.
Like Guess says it, it's true that each one wants its own entry.
Another solution: we choose our own entry and the size of the lots
and the EA works for us with these characteristics.
It's a semi-automatic way to proceed.

Rama , the new EA' icon is grey and don't work ! ( I'm unlucky )

I'd like also you look at this thread about Pascal's triangle.
http://www.forexfactory.com/showthread.php?t=62066
especially #12 and #25
It's a different system but very interesting.
Do you think that it is possible to make an EA from this theory ?
Best regards
I forget a change done on AllOrdersControl.mq4. Here is uploaded new one.

I'm going to take a look... http://www.forexfactory.com/showthread.php?t=62066

Regards

Rama
Attached File(s)
File Type: mq4 AllOrdersControl.mq4   4 KB | 612 downloads
  • #55
  • Feb 5, 2008 7:01am Feb 5, 2008 7:01am
Quoting Rama
I forget a change done on AllOrdersControl.mq4. Here is uploaded new one.

I'm going to take a look... http://www.forexfactory.com/showthread.php?t=62066

Regards

Rama
Good Job!
Amazing, it only reached 9 open orders 2 times in 4 years!! The both tests!
  • #56
  • Feb 5, 2008 10:13am Feb 5, 2008 10:13am
Hi Rama
What timeframe you advise with MACD Martingale use ?
It seems 15 mn the best, right ?
  • #57
  • Feb 10, 2008 1:15pm Feb 10, 2008 1:15pm
hi rama,

this is great.

say if i wanted to disable some of the functions, i.e say if i don't want to use the following:

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) 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.

how would i be able to do this?

thanks,
guess

Quoting Rama
I forget a change done on AllOrdersControl.mq4. Here is uploaded new one.

I'm going to take a look... http://www.forexfactory.com/showthread.php?t=62066

Regards

Rama
  • #58
  • Feb 11, 2008 7:53am Feb 11, 2008 7:53am
Quoting guess121
hi rama,

this is great.

say if i wanted to disable some of the functions, i.e say if i don't want to use the following:

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) 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.

how would i be able to do this?

thanks,
guess

As lot size is determine with this formula = (Previous or InitialLotSize) x FactorPips x Salto, just put value 0 (cero) to FactorPips. And the EA never place a second order.

If you only want to disable Salto, put value 1 (one). It doesn't matter OrdenSalto value.

Be carefull, the EA don't use stop loss.

Rama
  • #59
  • Feb 14, 2008 2:16am Feb 14, 2008 2:16am
Hi Rama
Congratulations for your work.
Just a question to get the Holy Grail http://www.forexfactory.com/images/icons/icon10.gif
Can you make a manual entry option (MEO) in the EA ?
Thus, we can choose the entry ( buy or sell ) and then the EA works alone.
Best regards.
  • #60
  • Feb 14, 2008 1:15pm Feb 14, 2008 1:15pm
Quoting madscalp
Hi Rama
Congratulations for your work.
Just a question to get the Holy Grail http://www.forexfactory.com/images/icons/icon10.gif
Can you make a manual entry option (MEO) in the EA ?
Thus, we can choose the entry ( buy or sell ) and then the EA works alone.
Best regards.
Madscalp, what u want don´t need be inside the EA.

When you move the Expert to the chart, you can choose what you allow:
- Only Long
- Only Sell
- Long and Sell

Regards,
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