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Is This My Holy Grail EA :D

  • #201
  • Feb 13, 2008 1:00pm Feb 13, 2008 1:00pm
Typical martingale curve!!! Or "tangent" should I say!
  • #202
  • Feb 15, 2008 3:34am Feb 15, 2008 3:34am
Quoting nanningbob
The third thing you do is use penny trades. You make money but you are not risking the house.
Yup.....Trade using pennies....the best broker is Liteforex hehehe.....

I`m making 100-400usd per month from 200USD capital by using martingale EA....

So will you believe me
  • #203
  • Feb 15, 2008 3:43am Feb 15, 2008 3:43am
Quoting nanningbob
The third thing you do is use penny trades. You make money but you are not risking the house.
Yup.....Trade using pennies....the best broker is Liteforex hehehe.....

I`m making 100-400usd per month from 200USD capital by using martingale EA....

So will you believe me
  • #204
  • Feb 16, 2008 12:43am Feb 16, 2008 12:43am
This is my 9 days of trading from Feb 4 to Feb 13. I have stopped trading this account because I have to wait 30 days for my credit card to clear before I can take my money back out. I have started a second live account which I will trade this week. I have almost 680 dollars from an account I started in January with 200. This is money management Martingale style. You earn the money and take it out. I will be playing with free money from here on out on this account and I will take over 400 or double my money in 3 weeks. I see someone showed an earlier post how a martingale will do a death trade and lose the account. What that person doesn't realize is; you take your money out at regular intervals and then the death trade doesn't wipe your profit out. Maybe someday I will get hit with the death trade but I WILL NOT LOSE MONEY OVERALL. I am in profit from here on out. Thank Azam for sharing your EA.
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  • #205
  • Feb 16, 2008 12:50am Feb 16, 2008 12:50am
Quoting effilang
http://www.forexfactory.com/attachme...1&d=1197313611



looooooool - best picture EVER
I noticed you used a little funny laughing guy. Actually the joke is on you, The picture shows almost 360 successful trades before a bad one. I will take those odds anyday. Imagine 360 winning trades in a row before losing. All you have to do is every week take your profits out and YOU DONT LOSE THE MONEY!! So sorry if I laugh at your little laughing guy.
  • #206
  • Feb 16, 2008 12:59am Feb 16, 2008 12:59am
Quoting nanningbob
I noticed you used a little funny laughing guy. Actually the joke is on you, The picture shows almost 360 successful trades before a bad one. I will take those odds anyday. Imagine 360 winning trades in a row before losing. All you have to do is every week take your profits out and YOU DONT LOSE THE MONEY!! So sorry if I laugh at your little laughing guy.
I'm afraid that it's a mathematical certainty that the joke will be on you at some point, it's just a matter of time. Some folks tried the 'withdrawn before destruction' method for martingale on another forum, it doesn't work.
The breaking of a wave cannot explain the whole sea.
  • #207
  • Feb 16, 2008 5:32am Feb 16, 2008 5:32am
Quoting Craig
I'm afraid that it's a mathematical certainty that the joke will be on you at some point, it's just a matter of time. Some folks tried the 'withdrawn before destruction' method for martingale on another forum, it doesn't work.
Not everything is mathematic.....its all about science hehehehe...... anyway....its all about our own MM technic...for me i like the martingale way... i really believe on it.....why? because i already breakeven with it and now profit....

thanks to NaningBob and TK and yusof for helping me improve this EA ....
  • #208
  • Feb 16, 2008 6:04am Feb 16, 2008 6:04am
I don't think it works that way. The graph would look differently, had you removed profits every week.

I bet it would have crashed several times over the 360 trades, because the accumulated profit acts as a buffer (does it not?)

Quoting nanningbob
I noticed you used a little funny laughing guy. Actually the joke is on you, The picture shows almost 360 successful trades before a bad one. I will take those odds anyday. Imagine 360 winning trades in a row before losing. All you have to do is every week take your profits out and YOU DONT LOSE THE MONEY!! So sorry if I laugh at your little laughing guy.
  • #209
  • Feb 16, 2008 9:28am Feb 16, 2008 9:28am
Quoting azam575
Not everything is mathematic.....its all about science hehehehe...... anyway....its all about our own MM technic...for me i like the martingale way... i really believe on it.....why? because i already breakeven with it and now profit....

thanks to NaningBob and TK and yusof for helping me improve this EA ....
Hey Azam, good to see you back.

Any new version or improves you make?
I think maybe a customization in each Pair,
like Eur/Usd, tp 30, pipstep: 20
Gbp/Usd, tp 40, PipsStep: 30
....

what do u think ? do u use something like that?

Best regards
  • #210
  • Feb 17, 2008 2:57am Feb 17, 2008 2:57am
Quoting Craig
I'm afraid that it's a mathematical certainty that the joke will be on you at some point, it's just a matter of time. Some folks tried the 'withdrawn before destruction' method for martingale on another forum, it doesn't work.
Actually as I stated in my earlier post. I have already quit trading and will withdraw my original amount and profit. So your mathematical certainty has failed. I have read many posts and have found out the vast majority of people do not understand or comprehend the Martingale system and how to profit from it. The reason I post my live account is to show that it is possible and how it is done. This is not just a lucky week or month but Azam and company have made this work for several months now and we are all into free money. We have withdrawn our original funds and are playing with our excess profits.
  • #211
  • Feb 17, 2008 3:03am Feb 17, 2008 3:03am
The truth is the vast majority who trade fundamentals lose money, the vast majority that trade technicals lose money. The vast majority that do both lose money. The vast majority who play the news lose money. This system doesnt rely on running with the crowd, the very things companies do to make others lose money actually benefits this system. I love it when a company goes stop hunting, they actually increase my profits when they do that. This system is thinking outside the box in a major way and is different from all other Martingale systems.
  • #212
  • Feb 17, 2008 3:09am Feb 17, 2008 3:09am
Quoting Craig
I'm afraid that it's a mathematical certainty that the joke will be on you at some point, it's just a matter of time. Some folks tried the 'withdrawn before destruction' method for martingale on another forum, it doesn't work.
If you notice I did 770 trades and was quite profitable. I also have worked with the EA long enough to recognize the death trade and have bowed out 3 times. Also those other posts had too many lots or funds riding too little money. There is a mathematical science to this. I have tested my system with 5,000 dollars using pennies and it never hits the death trade. The pockets are deep enough to overcome the death trade if you use the right formula and currency. Knowing what causes the death trade keeps you out of it. I may post some lessons later to educate those following this thread. Still testing some theories.
  • #213
  • Feb 17, 2008 5:14am Feb 17, 2008 5:14am
Quoting tdion
I don't think it works that way. The graph would look differently, had you removed profits every week.

I bet it would have crashed several times over the 360 trades, because the accumulated profit acts as a buffer (does it not?)
If a death trade had occurred in the 360 trades you would see it on the graph - in this case it did not.
I think that this EA can work by taking out the profit on a weekly basis (and then NOT fund as second account to do the same!! LOL) and therefor keep your powder dry for the inevitable death trade. Then, as the time comes to wash away your weekly trading account, you start the new account with the withdrawn money and just start over. You just have to stick to the plan - come what may!
I am curious about the future development here. I have some ideas to add to the safety maybe later on.

Best Wishes!
Matt
  • #214
  • Feb 17, 2008 6:21am Feb 17, 2008 6:21am
Quoting nanningbob
If you notice I did 770 trades and was quite profitable. I also have worked with the EA long enough to recognize the death trade and have bowed out 3 times. Also those other posts had too many lots or funds riding too little money. There is a mathematical science to this. I have tested my system with 5,000 dollars using pennies and it never hits the death trade. The pockets are deep enough to overcome the death trade if you use the right formula and currency. Knowing what causes the death trade keeps you out of it. I may post some lessons later to educate those following this thread. Still testing some theories.
I would love to see some lessons from you nanningbob, I have been following the tread along quietly with interest. I am testing on demo using 14 3 3 and 95, 5 levels for stoch on 60 min. I was wondering why it wasn't trading much, I thought I had it on 30 min , the chart was 30 min but the ea was 60min, I will start a fresh demo this week and try some of the tips you posted.
  • #215
  • Feb 17, 2008 6:55am Feb 17, 2008 6:55am
Quoting gerrigirl
I would love to see some lessons from you nanningbob, I have been following the tread along quietly with interest. I am testing on demo using 14 3 3 and 95, 5 levels for stoch on 60 min. I was wondering why it wasn't trading much, I thought I had it on 30 min , the chart was 30 min but the ea was 60min, I will start a fresh demo this week and try some of the tips you posted.
Hi Gerri,
I´m using TF M15, Sto 14 3 3, with 85 and 15 levels for stoch 15min.
Maybe too risky... but it´s going well.
  • #216
  • Feb 17, 2008 8:53am Feb 17, 2008 8:53am
Quoting azam575
Not everything is mathematic.....its all about science hehehehe...... anyway....its all about our own MM technic...for me i like the martingale way... i really believe on it.....why? because i already breakeven with it and now profit....

thanks to NaningBob and TK and yusof for helping me improve this EA ....
Azam575 and nanningbob,
have you made any new changes to the ea posted ? Or are you still using the same ea from post1??
  • #217
  • Feb 17, 2008 8:16pm Feb 17, 2008 8:16pm
Quoting Numeral
Hi Gerri,
I´m using TF M15, Sto 14 3 3, with 85 and 15 levels for stoch 15min.
Maybe too risky... but it´s going well.
I have tested 14.3.3 on 30M and use 99 and 1 with some success. I am also using some other numbers that trade more but they are all in the testing phase. I dont think its helpful at this point to post all my experiments but just ones that have had some success. I also am testing a 5.3.3 on a 15M chart and staying away from news stories. Good luck.

Bob
  • #218
  • Feb 17, 2008 10:38pm Feb 17, 2008 10:38pm
Quoting nanningbob
I have tested 14.3.3 on 30M and use 99 and 1 with some success. I am also using some other numbers that trade more but they are all in the testing phase. I dont think its helpful at this point to post all my experiments but just ones that have had some success. I also am testing a 5.3.3 on a 15M chart and staying away from news stories. Good luck.

Bob
No I am using some different numbers and am also testing using MA instead of Stochastics. What I seem to be coming up with is certain numbers work with certain currency groups. For instance setting the take profit at 15 or 12 and using it on slow moving currencies like EUR/GBP, NZD/AUD works well and EUR/USD EUR/JPY and EUR/CHF during non news hours. Using 50 take profit on volatile currencies like GBP/JPY, GBP/CHF, AUD/JPY seems also to be working some. It has to do with what part of the world you live in and what time periods you can trade. I find trading the second half of the USA after the EUR markets close and the first half of the JPY periods works very well for me. I will use different settings than a person who trades the EURO or USA openings. So you will hear different results and settings depending on where a person lives or the markets and currencies they like to trade. My favorite is the EUR/JPY because it trades every market and moves enough points between market times also.
  • #219
  • Feb 17, 2008 10:42pm Feb 17, 2008 10:42pm
Quoting gerrigirl
Azam575 and nanningbob,
have you made any new changes to the ea posted ? Or are you still using the same ea from post1??
Sorry I posted my responce to the wrong post: here it is again to the right post.

Bob

No I am using some different numbers and am also testing using MA instead of Stochastics. What I seem to be coming up with is certain numbers work with certain currency groups. For instance setting the take profit at 15 or 12 and using it on slow moving currencies like EUR/GBP, NZD/AUD works well and EUR/USD EUR/JPY and EUR/CHF during non news hours. Using 50 take profit on volatile currencies like GBP/JPY, GBP/CHF, AUD/JPY seems also to be working some. It has to do with what part of the world you live in and what time periods you can trade. I find trading the second half of the USA after the EUR markets close and the first half of the JPY periods works very well for me. I will use different settings than a person who trades the EURO or USA openings. So you will hear different results and settings depending on where a person lives or the markets and currencies they like to trade. My favorite is the EUR/JPY because it trades every market and moves enough points between market times also.
  • #220
  • Edited Feb 18, 2008 12:23am Feb 17, 2008 11:44pm | Edited Feb 18, 2008 12:23am
Quoting nanningbob
......Knowing what causes the death trade keeps you out of it.......
Bob, if the top traders say that, at the time of entry, they can't be 100% sure which trades will be winners, what makes you so confident? You may be right, of course, I'm just curious to know how you can be certain.

If you're 100% certain upon entering a trade that the trade will be a winner, then you should be sizing your position to risk as much as possible of your entire account on that trade. If you're not willing to do so, then I'd suggest that you're somewhat less than 100% certain.

Anwyay, if you have a positive expectancy system, why risk the death trade at all? It can be shown mathematically that Martingale (or anti-Martingale, or in fact any system that varies bet size) fares no better than flat betting, in any activity that involves uncertainty (see my three consecutive posts in the thread, starting here: http://www.forexfactory.com/showthread.php?p=198995). Increase in bet size is justified only when the probability of success can be shown statistically to be higher than "normal". If the Martingale MM is - or at least appears to be - the indispensable component that is making your system profitable, then I'm afraid the method behind the entries and exits is flawed.

Anyway, I sincerely wish you all the best. I'm not trying to be a naysayer, just trying to save your bankroll (and possibly others' bankrolls also).

David

[Edit:] more info on MM (among other things) in my post here: http://www.forexfactory.com/showthread.php?p=1848426
MM in itself is not the answer.

You may also find the table at the end of the following post useful, for determining the probability of losing trade(s): http://www.forexfactory.com/showthread.php?p=188593
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