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Martingale Baggio Method

  • #101
  • Feb 21, 2008 5:35pm Feb 21, 2008 5:35pm
Writing an EA that reestablishes multiple positions after a shut down is not easy. Second you will never cover the spreads trying to do this on intraday. If you trade my weekly version you will trade less and make more money and its not fussy if your lights go out for a few hours so long as you can keep entering the 2 breakout prices with TP's thats all your need.
  • #102
  • Edited 2:06am Feb 22, 2008 12:45am | Edited 2:06am
Quoting Rama
Madscalp.
Be carefull with EURUSD. It don't use to retraces as USDJPY and GBPUSD do.

I recommend both last mentioned.

In large period backtest, EURUSD shows long ranging trends, without a retraces bigger than 26/29 pips. I downloaded data from Alpari since 06/15/2004 in 1 minute for these tests.

Better pairs, by its own kind of retrace and market range, are: GBPUSD, USDJPY, CHFJPY, EURJPY.

Suicide are GBPJPY, EURUSD.

The rest i don't like because they have a big spreads. Ten pips of spread is too much for a scalper.

Regards.

Rama
Thanks for making share your observations about better pairs.
I'm using now the following settings: TP 15, Pipstep 12 and FactorLot 2,2 .
I kept MAPeriod 100 since you say less is suicide !
There are many trades but it's safe for me : a retracement of 15-18 pips is enough to get profits.
We are waiting for your v.3.00 and we are patient.
Thank you very very much for your excellent work, Rama.
  • #103
  • Feb 22, 2008 3:43am Feb 22, 2008 3:43am
Quoting Bolt
Writing an EA that reestablishes multiple positions after a shut down is not easy. Second you will never cover the spreads trying to do this on intraday. If you trade my weekly version you will trade less and make more money and its not fussy if your lights go out for a few hours so long as you can keep entering the 2 breakout prices with TP's thats all your need.
Hi Bolt, good to have a celebrity here! Its hard to find someone with 8 years in forex.

Great topic, i´m trying to understand more. How long do you use this system? You told.. 11 weeks (or was backtested)?
i´m looking for Black-Scholes and how to price option; Implied Volatility (IV); i find a lot of sites, but all i read only make me fell more confuse.

Have you already saw any EA about this kind of system?
  • #104
  • Feb 22, 2008 4:07am Feb 22, 2008 4:07am
Quoting Numeral

Sorry for my english; Whats i mean, is they need 15 pips to do other buy/sell at pipstep, but the pairs goes more than 40, 50 and don´t open the 3rd or others pipstep orders.
Hi Guys:
Please pay attention to these restarting parameters.

While a computer shut down or MetaTrader Terminal close and restart, you must follow this procedure if you have a martingale running (opened orders by EA):

1. You don't need do anything on charts you don't have open trades.
2. If you are installing a new version, close first your MT4 Terminal, copy ea.mq4 file on ...\experts folder.
3. Restart MT4 Terminal. This will recover parameters used on each chart on new version.
4. At the top left corner you have information used by EA. Opened Orders and PreviousOpenOrders must be equal.
5. LastLotSize must be equal to your last trade opened. And NextLotSize must indicate the size of the next.
6. "No Type Order" means EA don't have identify what kind of order must be placed: buy or sell. So if you have a martingale running this text indicates the next order won't be opened. To fix this you need inform EA the values of the lost parameters.
7. Complete the last 4 parameters to inform EA those values: NewLastLotSize, NewMaxTradesAux, NewPreviousOpenOrders and NewMyOrderType.
8. Change UpdateVar from false to true. Accept change on EA. This will update the loosen parameters values at the first tick. You'll see on top left corner the restored values. Specially next enter price. This means EA knows what kind and enter price of next order.
9. Once all values were restored, return UpDateVar to false. DON FORGET THIS PLEASE.

With improves of MA Martingale v2.21 this procedure is not necessary. EA do it automatically. But you have the chance to do it manually if, for example, you change your computer.

The repair is automatic, but you still have a tool box.

I use to trade at office computer during day. At night i trade (watch) at home, while keep running office machine, as main terminal. So i need to say EA running at home what does office EA is doing.

You can control your trading account from two different computers at the same time.

Regards

Rama
  • #105
  • Feb 22, 2008 5:06am Feb 22, 2008 5:06am
Just an update to let you know my trade to tp 14850 is done and all closed for the week. Its nice knowing the system worked again in one of the worst weeks in a long time.

" Great topic, i´m trying to understand more. How long do you use this system? You told.. 11 weeks (or was backtested)?
i´m looking for Black-Scholes and how to price option; Implied Volatility (IV); i find a lot of sites, but all i read only make me fell more confuse.

Have you already saw any EA about this kind of system?"

I have used variants of the weekly system for years but it gets tweaked along the way to adjust to current market conditions and when i see something that is worth using. The market changes about every 6 months to something quite different. Before oct 2006 many scalper EA's and short term reversal systems like contest winner Pheonix worked a treat for many years. Since Oct 2006 most of these EA's stopped working or require part time use with great discretion.

I did backtest a simple weekly system couple of years back but the IV was not IV but historical based on ATR. Also early target and reversal not in backtest which i know greatly improves the system yet the backtest at least showed a paper profit.

Because everything is setup on a sunday it really not required to use an EA. Using the MT4 alerts is more then enough to let you know that a stop or tp is hit and more then 3 trades a week is very rare.
  • #106
  • Feb 22, 2008 5:16am Feb 22, 2008 5:16am
Quoting Rama
Hi Guys:
Please pay attention to these restarting parameters.

While a computer shut down or MetaTrader Terminal close and restart, you must follow this procedure if you have a martingale running (opened orders by EA):

1. You don't need do anything on charts you don't have open trades.
2. If you are installing a new version, close first your MT4 Terminal, copy ea.mq4 file on ...\experts folder.
3. Restart MT4 Terminal. This will recover parameters used on each chart on new version.
4. At the top left corner you have information used by EA. Opened Orders and PreviousOpenOrders must be equal.
5. LastLotSize must be equal to your last trade opened. And NextLotSize must indicate the size of the next.
6. "No Type Order" means EA don't have identify what kind of order must be placed: buy or sell. So if you have a martingale running this text indicates the next order won't be opened. To fix this you need inform EA the values of the lost parameters.
7. Complete the last 4 parameters to inform EA those values: NewLastLotSize, NewMaxTradesAux, NewPreviousOpenOrders and NewMyOrderType.
8. Change UpdateVar from false to true. Accept change on EA. This will update the loosen parameters values at the first tick. You'll see on top left corner the restored values. Specially next enter price. This means EA knows what kind and enter price of next order.
9. Once all values were restored, return UpDateVar to false. DON FORGET THIS PLEASE.

With improves of MA Martingale v2.21 this procedure is not necessary. EA do it automatically. But you have the chance to do it manually if, for example, you change your computer.

The repair is automatic, but you still have a tool box.

I use to trade at office computer during day. At night i trade (watch) at home, while keep running office machine, as main terminal. So i need to say EA running at home what does office EA is doing.

You can control your trading account from two different computers at the same time.

Regards

Rama
.....and when during the night the computer shuts down by running the seventh lot and don't restart ?......arghhhhhhhh... http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon10.gif
  • #107
  • Edited 5:56am Feb 22, 2008 5:38am | Edited 5:56am
Quoting Rama
Hi Guys:
Please pay attention to these restarting parameters.
While a computer shut down or MetaTrader Terminal close and restart, you must follow this procedure if you have a martingale running (opened orders by EA):
Rama
Ok. Noted! It is what happened. Now i know how to procced.
And its a good tool, its really useful for who use it at home and office.
Please look at my chart, is it missing any information? this label, label, label its normal?
Thanks.
Attached Image
  • #108
  • Feb 22, 2008 5:55am Feb 22, 2008 5:55am
Quoting Bolt
Because everything is setup on a sunday it really not required to use an EA. Using the MT4 alerts is more then enough to let you know that a stop or tp is hit and more then 3 trades a week is very rare.
Have any thread here in FF about this system? I read some websites but i don´t know how to find the IV, and calculate the TP.

You think this method can be improved ?
  • #109
  • Feb 22, 2008 6:31am Feb 22, 2008 6:31am
Quoting Numeral
Ok. Noted! It is what happened. Now i know how to procced.
And its a good tool, its really useful for who use it at home and office.
Please look at my chart, is it missing any information? this label, label, label its normal?
Thanks.
I have also these "label".
You shut down MT4 and starts again: "label" disappears.
We must ask Rama to know why.
  • #110
  • Feb 22, 2008 8:47am Feb 22, 2008 8:47am
Today with EURJPY 5 M
TP 15 and PipStep 12
EA gives BUY 159.06 ... OK
Prices decrease more 80 pips but no more trades ???
Normally, next BUY was at 158.91--> nothing
and others buy orders either.
I was not at home and finally I finished manually.
Magic number different for each pair and the other pairs worked fine in the same time.
Attached Image (click to enlarge)
Click to Enlarge Name: A.jpg Size: 372 KB
  • #111
  • Feb 22, 2008 12:36pm Feb 22, 2008 12:36pm
Quoting Numeral
Ok. Noted! It is what happened. Now i know how to procced.
And its a good tool, its really useful for who use it at home and office.
Please look at my chart, is it missing any information? this label, label, label its normal?
Thanks.
They are labels not used. I'm going to clean them on next code review.

It's just an stetic problem. You can delete them manually by pressing right bottom mouse and selecting "Objetct list".
  • #112
  • Feb 22, 2008 12:47pm Feb 22, 2008 12:47pm
Quoting madscalp
Today with EURJPY 5 M
TP 15 and PipStep 12
EA gives BUY 159.06 ... OK
Prices decrease more 80 pips but no more trades ???
Normally, next BUY was at 158.91--> nothing
and others buy orders either.
I was not at home and finally I finished manually.
Magic number different for each pair and the other pairs worked fine in the same time.
Did you change MA Martingale v2.2 to last one posted yesterday?

I don't see on top left corner the information EA use to show. There is a text saying "No Type Order" if expert don't know what to do, or the next enter price.

Copy the file to experts folder, and compile EA before launch MT4 terminal, if your version don't do it automatically each time you execute it.

Review this steps and tell me please.

Rama.
  • #113
  • Feb 22, 2008 12:52pm Feb 22, 2008 12:52pm
Quoting Numeral
Stoch its a bit simple too, this is part of one good stoch ea;

----------------------------------------------------
extern string sq="--STOCH SETTING--";
extern int K_Period = 14;
extern int D_Period = 3;
extern int Slow_Period = 3;
extern int Stoch_TF = 60;
extern int H_level =97;
extern int L_level =3;
extern string ChooseLineMode="Choose 1=mode main, 2=mode signal";
extern int stochlinemode = 1;
extern string ChooseeMAMode="Choose 1=mode SMA, 2=mode LWMA, 3=mode EMA";
extern int stochMAmode = 1;
extern bool ExitWithSTOCH=False;

}
Numeral,
Could you please post some pictures showing how does it work.

If i understand it, with the code provided, i think it will be a great system.

Thanks.

Regards

Rama
  • #114
  • Feb 23, 2008 12:33am Feb 23, 2008 12:33am
Thanks, Rama
It's the last version 2.21
I'm going to check now the text "No type Order" and others displays on the left corner for next time.
I attached two screenshots of 1 H chart with different stoch 6.3.3 -7.3.3 -8.3.3 etc.. and MACD 12.26.12.
You'll note that the "pikes" of stoch in the overbought/oversold areas are excellent entries but I prefer the crossing of MACD signal with its main line to enter a trade.
Maybe you can now begin a new thread because it is not any more the Baggio method.

Excellent weekend for you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: B.jpg Size: 351 KB
Click to Enlarge Name: C.jpg Size: 328 KB
  • #115
  • Edited 7:50am Feb 23, 2008 7:14am | Edited 7:50am
I don´t know if this will work.. but using Stoch as Filter or for Close wrong entrys - after a while don´t close in profit.

Maybe with RSI, the martingale works better. I will try to make a visual backtest.

Attached is a Sotch EA.

Rama, what do u think can be improved in your EA? The entrys? Any risk Protection ?
Attached Image (click to enlarge)
Click to Enlarge Name: EA Stoch trades.jpg Size: 179 KB
Attached File(s)
File Type: mq4 stoch power EA.mq4   23 KB | 435 downloads
  • #116
  • Feb 23, 2008 9:19am Feb 23, 2008 9:19am
Hi Numeral,
How your EA works ? With MA Martingale ?
About Stoch, I think it's better with bigger TF ( 1 H and more)
15 mn is too small
It's true the number of trades is a real problem.
I saw on your chart the first entry with 6 trades !!!! It's too much.
Of course, the profit is increasing but it's dangerous.
When we reduce the number of trades to 3 or 4 maxi, we will have made a real progress for the safety of the system.
We must look for a better entry: Stoch or MACD in my opinion at 1 H or 4 H TF.
  • #117
  • Feb 23, 2008 9:46am Feb 23, 2008 9:46am
I attached the same chart but in 1 H.
You can see at time of your first entry stoch is < 80 ---> no entry.
The crossing signal-main line MACD (yellow arrow) --> entry but BUY
Excuse me: I saw your EA attached on your chart: it's a MAM with stoch entry.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: D.jpg Size: 371 KB
  • #118
  • Feb 23, 2008 11:07am Feb 23, 2008 11:07am
This first trade with 6 trades, was a good one.. the stoch was overbought, and one time u know the prices will fall. It keeping up and open more orders to make more profit.

I look for more possible trades for each pair (at max of 6 and rarely 7) and more profitable trades.
More than 7 start to beginning dangerous.

True, H1 will be less risk, and less oportunities.. maybe M30.


This EA works only with Stoch entrys, the filters; Times for trade, account % money protection.
  • #119
  • Feb 23, 2008 11:17am Feb 23, 2008 11:17am
The FX market also offers one unique advantage that makes it more attractive for traders who have the capital to follow the martingale strategy. The ability to earn interest allows traders to offset a portion of their losses with interest income. This means that an astute martingale trader may want to only trade the strategy on currency pairs in the direction of positive carry.
part of a post from
By Kathy Lien, Chief Strategist, FXCM

I read this and was thinking maybe its a good solution to create a martingale for long time trades, always on the right side of interest rates.
  • #120
  • Feb 23, 2008 12:01pm Feb 23, 2008 12:01pm
Quoting Numeral
This first trade with 6 trades, was a good one.. the stoch was overbought, and one time u know the prices will fall. It keeping up and open more orders to make more profit.

I look for more possible trades for each pair (at max of 6 and rarely 7) and more profitable trades.
Ah ....OK
If I understood, you look for a wrong way to increase your profit....
We don't look for the same thing.
If you find a good entry for you, I would choose the reversecondition for me http://www.forexfactory.com/images/icons/icon10.gif
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