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Martingale Baggio Method

  • #121
  • Feb 23, 2008 4:32pm Feb 23, 2008 4:32pm
Quoting madscalp
Hi Numeral,
We must look for a better entry: Stoch or MACD in my opinion at 1 H or 4 H TF.
Hi guys,
I back tested better entry combining stoch and macd, on 30m, 1h and 4h, only EURUSD.

Results are good, but always appears a wrong signal. I mean, indicators says long, price moves in that direction, but suddenly it changes and blow the account.

This happen particularly on no ranging days. Lateralized ones.

I think both indicators are excellent for manual trading.

For an EA a trade singal could happen when indicator signal crosses main line by only 0.00001. If you watch the chart and trade manually, this signal would be omitted.

Here is the same expert that trades MACD and STOCH, when MACD is grater than 0.0005. This value is to avoid enter after a few days without important movements.

Test it, and tell me if you found a setting for it.

It doesn work for me.
Attached File(s)
File Type: mq4 MACD STOCH Martingale v3.0.mq4   22 KB | 978 downloads
  • #122
  • Feb 23, 2008 5:25pm Feb 23, 2008 5:25pm
Quoting Numeral
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.

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.
Last year i developed this EA to test the idea. It isn't a exactly a martingale.

Swap could do the difference.

Check this experiment. The expert tests the following idea:
What happen if you enter an order on the positive swap side, when price goes down its EMA. It enter an order each 8 hours.

See report. It is really amazing. But I never will trade like this.

It’s just an experiment with initial balance of USD 300 on GBPJPY.

Rama
Attached Image (click to enlarge)
Click to Enlarge Name: Brut Force.gif Size: 6 KB
Attached File(s)
File Type: zip Brut Force.zip   97 KB | 912 downloads
  • #123
  • Feb 23, 2008 6:51pm Feb 23, 2008 6:51pm
Hello guys...

Sorry you guys are doing a great job on this thread, I've been lerking about when I have had the chance and reading FF, been busy with other commitments at home, but now I am free!!!

Rama, you're a genius! Thanks very much for your hard work on thread, Numeral, Madscalp... great input as well! Madscalp, you watch the Rugby tonight

The little time I spent looking at charts and thinking, hmm I need something simple... not too complexed, I would be happy with 10-15pips a day!

So we are looking to catch a trend and make these pips and all over the charts you can see where this can be done, as they say hindsigt is great!

It cannot be more simpler than this (I don't think ... I like simple) and this will work - I think, in all market conditions... feel free to comment!

Rules:

Any pair
TF - 1 hour
Trading times 7am GTM to 17:00 GTM
TP - 10 pips (exluding spread)
SL - 10 pips ( including spread)

Entry Example:

1. (I need some help on the entry) Based on the 6am GTM candle on Friday 22nd February we have a bull candle, so when the 7am candle opens we go long. Zoom down to 5min chart and see start of chart, we end up getting stopped out.

2. Start of 8am candle we go long, again we get stopped out.

3. Start of 9am candle we go short, again we get stopped out.

4. Start of 10am candle we got long and bang... TP of 10 pips.

Though I think 15pips TL/SL will do be better!

Regards,
Guess
  • #124
  • Feb 24, 2008 2:24am Feb 24, 2008 2:24am
Hi Rama
Just a question:the aim of the method after an entry is to carry out less possible trades ? or no
Since Numeral's message, I'm dubitative.
In any case, Rama, you provided us a fantastic tool : we can choose target profit, pipstep,factorlot and more...We can also entry manually. If, in the time, there is no bug, it will be an excellent system.
About the automatic entry, it's at the choice : there are many possibilities and reversecondition.
Since a few days, I'm using small parameters TP :15 , PS : 12 and FactorLot : 2.2 with success.
On Feb 20, I opened a new demo account with $ 3 000 and today it's $ 3 455.56 !
Next year, I'll buy Microsoft, Google and more .... http://www.forexfactory.com/images/icons/dollar.gif http://www.forexfactory.com/images/icons/dollar.gif http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon10.gif
I had just a problem with a trade which did not work ( a first buy entry then nothing....) and I'll avoid now the too volatile pairs according to your opinion: there can be a big variation (100 pips and more) without a significative retracement.
I'll try your new version next week.
Thanks a lot.
  • #125
  • Feb 24, 2008 3:58am Feb 24, 2008 3:58am
Quoting guess121
Hello guys...

Sorry you guys are doing a great job on this thread, I've been lerking about when I have had the chance and reading FF, been busy with other commitments at home, but now I am free!!!

Rama, you're a genius! Thanks very much for your hard work on thread, Numeral, Madscalp... great input as well! Madscalp, you watch the Rugby tonight

The little time I spent looking at charts and thinking, hmm I need something simple... not too complexed, I would be happy with 10-15pips a day!

So we are looking to catch a trend and make these pips and all over the charts you can see where this can be done, as they say hindsigt is great!

It cannot be more simpler than this (I don't think ... I like simple) and this will work - I think, in all market conditions... feel free to comment!

Rules:

Any pair
TF - 1 hour
Trading times 7am GTM to 17:00 GTM
TP - 10 pips (exluding spread)
SL - 10 pips ( including spread)

Entry Example:

1. (I need some help on the entry) Based on the 6am GTM candle on Friday 22nd February we have a bull candle, so when the 7am candle opens we go long. Zoom down to 5min chart and see start of chart, we end up getting stopped out.

2. Start of 8am candle we go long, again we get stopped out.

3. Start of 9am candle we go short, again we get stopped out.

4. Start of 10am candle we got long and bang... TP of 10 pips.

Though I think 15pips TL/SL will do be better!

Regards,
Guess
Interesting
but it's totally different.
  • #126
  • Edited 4:45am Feb 24, 2008 4:12am | Edited 4:45am
Rama,
There is a problem with MACD Stoch v 3.0.
The icon is grey and the EA don't open.

A couple of questions about:
Is there the possibility in the EA to use only MACD or only Stoch
or both work together ?
Secondly, yours signal entries work with a determined timeframe or in according to the used graph ?
Regards.
  • #127
  • Feb 24, 2008 9:24am Feb 24, 2008 9:24am
Quoting madscalp
Rama,
There is a problem with MACD Stoch v 3.0.
The icon is grey and the EA don't open.

A couple of questions about:
Is there the possibility in the EA to use only MACD or only Stoch
or both work together ?
Secondly, yours signal entries work with a determined timeframe or in according to the used graph ?
Regards.
The grey icon means you have different versions on “#include” files. Here are the latest versions of them. Replace your existing AllOrdersControl and Info mq4 files from your \expert\include folder. I fixed the labels problem.

Answer of your first question, is yes. Here you are the EA with enable/disable MACD or STOCH. Don’t disable both of them at same time. EA won’t place any order.

I tested it on EURUSD on 1h time frame only. I really don’t like this kind of indicators, because they lie, they are lazy. They show you what happened after it happened. Stoch moves up and down continuously on low volatility days. Giving wrong signals.

During current bar, with close price indicators, a signal could disappear at the next bar, because price change too much.

Test the EA on Visual Mode, with Data Window opened. Run it slowly on a wrong signal, and pause it at the moment it appears. The values will be ok. But at the end of the bar, indicators values will change, disappearing the given signal.

I fix to the SMMA system. I test EURUSD on 1h time frame with excellent results. There are more retracements on that time frame for this pair. Same as USDCHF.

Good luck


Rama
Attached File(s)
File Type: mq4 MACD STOCH Martingale v3.0.mq4   24 KB | 685 downloads
File Type: mq4 AllOrdersControl.mq4   5 KB | 680 downloads
File Type: mq4 info.mq4   5 KB | 674 downloads
  • #128
  • Edited 1:49pm Feb 24, 2008 1:34pm | Edited 1:49pm
Rama,
It's OK now.
When you say "a signal is wrong", how many trades are necessarry ?
If it's less four trades, it's good.
If Stoch or MACD gave good signals every time, we should not need Martingale : one trade only would be winner.
I think MACD and Stoch 1 Hour give safe entries for 3 or 4 trades maxi.
For you, SMMA system is the best ( v 2.2) with EURUSD and USDCHF.
Could you give us exactly your SMMA settings which give you excellent results ?
I'll test MACD STOCH 3.00 very soon.
Thanks.
  • #129
  • Feb 24, 2008 5:06pm Feb 24, 2008 5:06pm
Quoting madscalp
Rama,
It's OK now.
When you say "a signal is wrong", how many trades are necessarry ?
If it's less four trades, it's good.
If Stoch or MACD gave good signals every time, we should not need Martingale : one trade only would be winner.
I think MACD and Stoch 1 Hour give safe entries for 3 or 4 trades maxi.
For you, SMMA system is the best ( v 2.2) with EURUSD and USDCHF.
Could you give us exactly your SMMA settings which give you excellent results ?
I'll test MACD STOCH 3.00 very soon.
Thanks.
It is necessary 8+ trades to solve a wrong entry. In fact, I couldn’t find at least one setting for the period jun-2004 feb-2008 on EURUSD.

Run the EA on back test, and you’ll find paradigmatic signals, perfect values of the indicators, which ends blowing your balance.

Code a signal combination of MACD & Stoch is really complex. These indicators are excellent tools for manual trading. On back tests automatic moving average trading shows better results.

Attached is a comparison of both systems. The number of trades affects profits.

Just another opinion from a trader that only has lost money until today.

Rama
Attached File(s)
File Type: zip Compared EA USDCHF.zip   133 KB | 453 downloads
  • #130
  • Feb 24, 2008 6:32pm Feb 24, 2008 6:32pm
Rama,
>
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. <

I try to use it, but useless. Maybe iīm doing something wrong.

Observation: this is the version 2.21 (but shows 2.1 because i rename-it to update without change the settings)

This EUR/CHF open only 2 trades and after the last weekend (closed and re-open) it donīt open more trades. I try to just put "UpdateVar: True" and doesnt work. and i try to put the settings:
NewLastLotSize: 0,36 and 0,28
NewMaxTradesAux: 4
NewPreviousOpenOrders: 2
NewMyOrderType: i try 6 and 1

The message was that:
Margin insuficient to next order. - But i have a LOT of margin.
The account start with $5000 and have balance $6650 and Eqiuty: 6000

Thanks,
Attached Image
  • #131
  • Feb 24, 2008 8:11pm Feb 24, 2008 8:11pm
Quoting Rama
It is necessary 8+ trades to solve a wrong entry. In fact, I couldn’t find at least one setting for the period jun-2004 feb-2008 on EURUSD.

Run the EA on back test, and you’ll find paradigmatic signals, perfect values of the indicators, which ends blowing your balance.

Code a signal combination of MACD & Stoch is really complex. These indicators are excellent tools for manual trading. On back tests automatic moving average trading shows better results.

Attached is a comparison of both systems. The number of trades affects profits.

Just another opinion from a trader that only has lost money until today.

Rama
Thanks for your effort Rama.
I will try a forward test. (i donīt like backtest, they lie too much, some test are profitable, and donīt make profit at real, and other arenīt and make good money. ) I have 90% modeling but i will try forward that systems at least 1 month with different settings.

Yes. Maybe itīs true.. Stock and Macd arenīt the best one.
The research never stops.
  • #132
  • Feb 25, 2008 1:39am Feb 25, 2008 1:39am
Quoting Rama
I fix to the SMMA system. I test EURUSD on 1h time frame with excellent results. There are more retracements on that time frame for this pair. Same as USDCHF.
I come back about SMMA system.
What do you mean by "I fix to the SMMA system" ?
What are your settings which allow "excellent results" ?
We concentrate ourselves on MACD and Stoch and finally maybe is SMMA the best and simplest method to entry a trade ?
Regards
  • #133
  • Edited 8:59am Feb 25, 2008 8:55am | Edited 8:59am
Quoting madscalp
I come back about SMMA system.
What do you mean by "I fix to the SMMA system" ?
What are your settings which allow "excellent results" ?
We concentrate ourselves on MACD and Stoch and finally maybe is SMMA the best and simplest method to entry a trade ?
Regards
Maybe yes. Today i saw one guy seeling a Martingale EA with MA Cross.

Here it is:

How does EATangga work:-

1. EATangga will detect the current trend (MA42;16 default setting)

2. EATangga will open position either BUY or SELL when eatangga detect current trend

3. EATangga assume that all market going well,so eatangga open 1st position with 0.1 lot

4. If position 0.1 floating -3pips, EATangga will open 0.2 lot to support

5. If market going very well, EATangga only open position 0.1 lot and Trailing stop will apply to make profit as possible

6. If trend change, EATangga will close all position and open another position with same current trend

7. after close position, EATangga wait until next cross moving average to open position

8. Why EATangga does not open another position after close? It because, in future we don't know what will happen, so eatangga will not take that risk

9. By changing MA 42;16 to MA 15;5, EATangga will open trade more often than default because MA 15;5 will cross over more often than MA 42;16

That is basically EATangga work

I will attach the ex4, only for study, it works for only a few days.

Very dangerous sell this kind of ea, itīs not a good way of make money.
Attached File(s)
File Type: ex4 EATangga-6.0 DEMO.ex4   22 KB | 452 downloads
  • #134
  • Feb 25, 2008 9:44am Feb 25, 2008 9:44am
Finally, what's your opinion, Numeral ?
All martingales are dangerous and lethal ? http://www.forexfactory.com/images/icons/icon5.gif http://www.forexfactory.com/images/icons/icon5.gif
  • #135
  • Feb 25, 2008 11:32am Feb 25, 2008 11:32am
Quoting madscalp
Finally, what's your opinion, Numeral ?
All martingales are dangerous and lethal ? http://www.forexfactory.com/images/icons/icon5.gif http://www.forexfactory.com/images/icons/icon5.gif
No, i think martingale it is a great way to make money in forex.

But trade a $3.000 account with 0.10 lot, itīs crazy.

with 6 levels; at max 3.20 lots;
300 pips in one day, and your account can go to - $960, or 32% drawdown.

I look for 10% month profits, max of safe 20%, maybe anythink far away from this is crazy.

Whatīs your opinion?
  • #136
  • Feb 25, 2008 11:33am Feb 25, 2008 11:33am
Quoting Numeral
Rama,
>
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. <

I try to use it, but useless. Maybe iīm doing something wrong.

Observation: this is the version 2.21 (but shows 2.1 because i rename-it to update without change the settings)

This EUR/CHF open only 2 trades and after the last weekend (closed and re-open) it donīt open more trades. I try to just put "UpdateVar: True" and doesnt work. and i try to put the settings:
NewLastLotSize: 0,36 and 0,28
NewMaxTradesAux: 4
NewPreviousOpenOrders: 2
NewMyOrderType: i try 6 and 1

The message was that:
Margin insuficient to next order. - But i have a LOT of margin.
The account start with $5000 and have balance $6650 and Eqiuty: 6000

Thanks,
There is something wrong on the values set. If previous opened orders are 2, why do you have 4 additional orders?

MaxTradesAux is a variable used to identify how many orders are necessary when a martingale needs a lot bigger than MaxLots. It will divide it in two or more, if it is necessary. For example, with a lot size of 66.5, EA will open two orders: one with 16.5 lots and a second with 50 lots (if MaxLots = 50). In this situation, EA has 2 opened orders, and these variable's values: PreviousOpenOrders = 2 MaxTradesAux = 1. This helps EA to know it is in the sequence 1 of the martingale, not the second.

If you put 4 NewMaxTradesAux, this means EA placed 4 orders with lot size equal to MaxLot (50 each one)??!!

In a miniaccount, 1/200 leverage, you need $10.000 free margin.


MyOrderType must be 0 for buy order, or 1 for sell order.

Please, review this and tell me what happen.

Rama
  • #137
  • Feb 25, 2008 11:46am Feb 25, 2008 11:46am
Hi Rama,

Can you please help me with this EA for managing my trades... I want a simple EA that looks after one trade.

1. Just SL variable and TP variable.

So if it hits either the trade is closed out and it waits and listens for trades.

I have an EA here, I was wondering if you could modify the code for it?

This EA is coded by DGC, he has given the code out, but it works different to what I want it to do.

Thanks,
Guess
Attached File(s)
File Type: mq4 TFX v1_3.mq4   20 KB | 540 downloads
  • #138
  • Feb 25, 2008 11:54am Feb 25, 2008 11:54am
Quoting Numeral
No, i think martingale it is a great way to make money in forex.

But trade a $3.000 account with 0.10 lot, itīs crazy.

with 6 levels; at max 3.20 lots;
300 pips in one day, and your account can go to - $960, or 32% drawdown.

I look for 10% month profits, max of safe 20%, maybe anythink far away from this is crazy.

Whatīs your opinion?
Everybody looks for this aim.
If it was easy, we all should be rich.
  • #139
  • Feb 25, 2008 12:05pm Feb 25, 2008 12:05pm
Quoting guess121
Hi Rama,

Can you please help me with this EA for managing my trades... I want a simple EA that looks after one trade.

1. Just SL variable and TP variable.

So if it hits either the trade is closed out and it waits and listens for trades.

I have an EA here, I was wondering if you could modify the code for it?

This EA is coded by DGC, he has given the code out, but it works different to what I want it to do.

Thanks,
Guess
It's a EA from TSD coded by Wolfe (http://www.forex-tsd.com/expert-advi...ale-ea-15.html)
I tested this EA: there are many , many trades which open and finally the account blows up!
Now it's the version 1.6 and it's the same thing ( I lost $ 450 today)
I prefer Rama's system.
  • #140
  • Feb 25, 2008 12:10pm Feb 25, 2008 12:10pm
Oops... my bad...

Sorry, I mean this EA

They use this on the Oz system, I am just looking at a couple of things at the moment... and seeing if this works, as I cannot be looking at the screen all of the time.

regards,
guess

Quoting madscalp
It's a EA from TSD coded by Wolfe (http://www.forex-tsd.com/expert-advi...ale-ea-15.html)
I tested this EA: there are many , many trades which open and finally the account blows up!
Now it's the version 1.6 and it's the same thing ( I lost $ 450 today)
I prefer Rama's system.
Attached File(s)
File Type: mq4 OzFX Manager v3_1.mq4   3 KB | 577 downloads
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