Martingale Baggio Method | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Baggio System 2 9 replies

Attachments: Martingale Baggio Method
Exit Attachments

Martingale Baggio Method

  • #141
  • Feb 25, 2008 1:17pm Feb 25, 2008 1:17pm
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.
Ramaīs system is the best one so far, iīm just looking for improvements that can be done.
  • #142
  • Feb 26, 2008 6:03am Feb 26, 2008 6:03am
Quoting Rama
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
Now it work! Yes, now i know what this NewMaTradesAux mean.
I just need to ajust the TP.

But it works in the version 2.21, and donīt at 2.2, i need upgrade this acc.

Thanks Rama.
  • #143
  • Feb 26, 2008 6:16am Feb 26, 2008 6:16am
Rama, i see a new bug (version 2.2), maybe u already fix it.

The E/U open 5 orders 02/21, close the last one but donīt close the others at same time.

The trades still open, i will close manually when i see a good moment.

Attached chart
Attached Image (click to enlarge)
Click to Enlarge Name: ma-rama-eu-bug.gif Size: 11 KB
  • #144
  • Feb 26, 2008 6:44am Feb 26, 2008 6:44am
Hi Numeral
I knew the same problem.
After the fifth order, probably you switched off your program or your computer.
By launching again the program, on the left corner after NextLotSize, you have No Type Order and no Next Enter: xxxxx. The program recognize only the last order and its TP. If the prices reach the TP, the last trade is closed but others no.
It's a real problem if there is a cut of program or a power cut.
  • #145
  • Feb 26, 2008 8:47am Feb 26, 2008 8:47am
Quoting madscalp
Hi Numeral
I knew the same problem.
After the fifth order, probably you switched off your program or your computer.
By launching again the program, on the left corner after NextLotSize, you have No Type Order and no Next Enter: xxxxx. The program recognize only the last order and its TP. If the prices reach the TP, the last trade is closed but others no.
It's a real problem if there is a cut of program or a power cut.
Ok, thanks, itīs almost the same previous problem.
  • #146
  • Feb 26, 2008 9:02am Feb 26, 2008 9:02am
Quoting Rama
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
Rama, iīm starting to test it.

Did u try make it with a risk less martingale, maybe 1.3x,
can be used with a pipstep of 300pips.
I see gbp/jpy pay more interest, but Gbp/Usd maybe is the best pair to intertest, with less risk. Gbp/usd pay $12.81 / full lot.

Thanks for share their knowledge.
  • #147
  • Feb 27, 2008 2:17am Feb 27, 2008 2:17am
Hi Rama
After several days of testing, I think you are right: the v 2.21 is better than MACD Stoch Martingale.
Sorry for the work requested.

About v 2.21, some questions:
1/ Could you attach the indicator SMMA used for the signal in the EA: I don't understand exactly how it works on the graph and I'd like a template with.
2/ How works EmergencyClose ? There is a number ( 9 ). How to use it exactly ?
3/ About StopTrading, if value is true, there is not another sequence after orders close. It is well that ?

Some suggestions for the next version (v 2.22 ?) :
1/ Could you fix the bug which displays "label,label,etc" ?
It's good for MACD Stoch but no for 2.21.
2/ Could you check again the numbers of ForceOpenTrade so that there is not confusion ?
3/ And finally - important- could you find a solution to restore all the lost parameters after an electric cut or a shut down of computer ?
I know it's much work for you but you can be proud to have made a great program.
Thanks a lot.
  • #148
  • Feb 27, 2008 7:14am Feb 27, 2008 7:14am
Quoting madscalp
Hi Rama
After several days of testing, I think you are right: the v 2.21 is better than MACD Stoch Martingale.
Sorry for the work requested.

About v 2.21, some questions:
1/ Could you attach the indicator SMMA used for the signal in the EA: I don't understand exactly how it works on the graph and I'd like a template with.
2/ How works EmergencyClose ? There is a number ( 9 ). How to use it exactly ?
3/ About StopTrading, if value is true, there is not another sequence after orders close. It is well that ?

Some suggestions for the next version (v 2.22 ?) :
1/ Could you fix the bug which displays "label,label,etc" ?
It's good for MACD Stoch but no for 2.21.
2/ Could you check again the numbers of ForceOpenTrade so that there is not confusion ?
3/ And finally - important- could you find a solution to restore all the lost parameters after an electric cut or a shut down of computer ?
I know it's much work for you but you can be proud to have made a great program.
Thanks a lot.
Here is an advance of what I’m working on. Forget all previous versions, to avoid confusion.

I made a package with the following files:

 

  1. EA compiled (no code).
  2. Include files: AllOrdersControl and Info.mq4.
  3. Pre-settings for GBPUSD, USDJPY and EURUSD 1h.
  4. Template used.
  5. Back-test report on GBPUSD from June 2004 to February 2008.
  6. Documentation file.

I said this is an advance, because I want to make a better explanation / presentation. This is just for you, to answer so many questions. Perhaps you can give more experience data from it usage.

There are many problems solved. I'm running it on a real account. And it's working fine.

I’m really sorry because I can’t spend too much time on this thread. I’m doing my best.

Regards

Rama

Attached File(s)
File Type: zip MA Martingale v3.0.zip   367 KB | 1,932 downloads
  • #149
  • Edited 9:51am Feb 27, 2008 9:29am | Edited 9:51am
Fantastic work, Rama.
In your PDF manual , there are all the answers at my questions.
And the new EA restore perfectly the parameters after cut.
Just a couple of questions:
1/ If I shut down the computer after the beginning of a sequence, will the trades be made as if the program was opened ?
2/ With your settings SMMA 100, how many trades on average do you have daily by pair ? and how many pairs do you trade on one account ?
I ask for that because if there are many current sequences , it can happen a problem with the free margin.
Regards.

There is not template in the package but there is a file .ini
  • #150
  • Feb 27, 2008 10:08am Feb 27, 2008 10:08am
Quoting Rama
Here is an advance of what I’m working on. Forget all previous versions, to avoid confusion.

I made a package with the following files:

  1. EA compiled (no code).
  2. Include files: AllOrdersControl and Info.mq4.
  3. Pre-settings for GBPUSD, USDJPY and EURUSD 1h.
  4. Template used.
  5. Back-test report on GBPUSD from June 2004 to February 2008.
  6. Documentation file.

I said this is an advance, because I want to make a better explanation / presentation. This is just for you, to answer so many questions. Perhaps you can give more experience data from it usage.

There are many problems solved. I'm running it on a real account. And it's working fine.

I’m really sorry because I can’t spend too much time on this thread. I’m doing my best.

Regards
Rama

Great work Rama, you r doing your best! Great system!
Great explanation at .PDF

I just donīt undestand what it is:
"TradeBands=true or false" itīs to activate the use of "MALevel" ?

Maybe have u tested with Bollinger Bands, like i see you write about in your PDF, - MALevel give you a better result? or u didnīt test with bollinger?

I think u wonīt belive... i was thinking just some minutes back to a kind of bollinger martingale... you suprised me!! great solution! Letīs see how is goes, if really works fine.

Thanks again
  • #151
  • Feb 27, 2008 10:26am Feb 27, 2008 10:26am
Quoting madscalp
Fantastic work, Rama.
In your PDF manual , there are all the answers at my questions.
And the new EA restore perfectly the parameters after cut.
Just a couple of questions:
1/ If I shut down the computer after the beginning of a sequence, will the trades be made as if the program was opened ?
2/ With your settings SMMA 100, how many trades on average do you have daily by pair ? and how many pairs do you trade on one account ?
I ask for that because if there are many current sequences , it can happen a problem with the free margin.
Regards.

There is not template in the package but there is a file .ini
Madscalp:
If computer shuts down nobody / nothing manages the opened trades. EA must monitor the market all the time.

This new version can reload current opened martingale parameters automatically, also in a different computer. But martingale needs constant supervision.

Last Monday EA opened a few orders, and after y left my office, an electric shut down put out of order the computer.
I realized of that when arrived home. So I traded from there whit the same EA (using the same Magic Number).
The problem was I was using now a telephone internet connection, so I need cut it. To do that, I placed manually, as pending orders, the next necessaries of the martingale. Change the take profit to the last known, and went sleep.
Next morning two pairs touched their TP (GBPUSD & CHFJPY), so I deleted the pending orders. The third one remains as I left at night (USDJPY). So when restarted my office computer, the reloaded of EA take care of it. I deleted the pending order remaining at that moment.

You can see on report attached the deleted pending orders 26.02.2008 10:15 y 10:50.

I’m going to install a better internet connection at home, so I have a backup terminal trading.

With the settings used I’m trading on 3 pairs. On the report attached you’ll find more, but those were tests.
When I have more than 4/5 orders on one pair, I use to stop trading on the others, until bigger martingale finishes.

I’m thinking on a solution to control margin. I suppose EA stops trading automatically when there is opened more than X orders in other pair? I really don’t know. Mean while I monitor the execution.

I have just closed a martingale on USDJPY with 7 trades. It was really stressfull, because I’m not at office.

Be a forex trader is really a hard job. Stress and full time dedication.

Regards

Rama
Attached File(s)
File Type: zip Real Reports.zip   11 KB | 496 downloads
  • #152
  • Feb 27, 2008 10:36am Feb 27, 2008 10:36am
Quoting Numeral
Great work Rama, you r doing your best! Great system!
Great explanation at .PDF

I just donīt undestand what it is:
"TradeBands=true or false" itīs to activate the use of "MALevel" ?

Maybe have u tested with Bollinger Bands, like i see you write about in your PDF, - MALevel give you a better result? or u didnīt test with bollinger?

I think u wonīt belive... i was thinking just some minutes back to a kind of bollinger martingale... you suprised me!! great solution! Letīs see how is goes, if really works fine.

Thanks again
Hi Numeral:
Yes I tested martingale with Bollinger Bands. I found out that too often price crosses bands without a real trend. Giving wrong singals.

About TradeBands is one of those parameters i have just created, not explained in documentation.

TradeBands or TradeMA is for enable / disable trade on band cross or ma cross.

EUJPY and GBPJPY are really, really amazing trading only on bands. GBPJPY is not finished the test/error setting. Test it on these pairs.

Now you have the option to trade only buy or sell. So if you disable all except TradeBands, and TradeLong, you can trade a martingale in the positive swap side, of xxxJPY for example.

Good luck.

Regards

Rama
  • #153
  • Feb 27, 2008 10:44am Feb 27, 2008 10:44am
Quoting Rama
Hi Numeral:
Yes I tested martingale with Bollinger Bands. I found out that too often price crosses bands without a real trend. Giving wrong singals.

About TradeBands is one of those parameters i have just created, not explained in documentation.

TradeBands or TradeMA is for enable / disable trade on band cross or ma cross.

EUJPY and GBPJPY are really, really amazing trading only on bands. GBPJPY is not finished the test/error setting. Test it on these pairs.

Now you have the option to trade only buy or sell. So if you disable all except TradeBands, and TradeLong, you can trade a martingale in the positive swap side, of xxxJPY for example.

Good luck.
Regards
Rama
And the interest rates profits running...

Ok, i will open another one to test it.

Ps. keep one eye at martingale ea at tsd.
http://www.forex-tsd.com/expert-advi...ale-ea-91.html
some nice solutions... but scary ones too..

Regards,
  • #154
  • Feb 27, 2008 11:24am Feb 27, 2008 11:24am
Quoting Rama
I have just closed a martingale on USDJPY with 7 trades. It was really stressfull, because I’m not at office.

Be a forex trader is really a hard job. Stress and full time dedication.
About this trade ( 2008.02.21), the sequence was until the 7th lot of value = 41.70 !!!!!!!
With a maxlot of 50 and if had be needed an 8th lot, it was not possible.
If maxlots = 50, how is it possible 9 trades max ?
I think the first lot was badly calculated by the program.
Right ?
  • #155
  • Feb 27, 2008 3:33pm Feb 27, 2008 3:33pm
Quoting madscalp
About this trade ( 2008.02.21), the sequence was until the 7th lot of value = 41.70 !!!!!!!
With a maxlot of 50 and if had be needed an 8th lot, it was not possible.
If maxlots = 50, how is it possible 9 trades max ?
I think the first lot was badly calculated by the program.
Right ?
I think you are talking about the GBPUSD report, order 3554. Please see answer on "MaxLots" explanation of pdf file:

MaxLots: Double parameter to set maximum lot size admitted by trader or broker on each order. On mini accounts brokers admit up to 50 lots on a single order. If trader don’t want to use lots bigger than 10, for example, it can be set.
If order lot size is bigger than MaxLots, then EA will divide it in so many orders as it is necessary to complete the lot. These orders will be considered by EA as the same one.

See example chart.

I don’t think it is necessary use so big lot sizes. Nobody use them and if your account has a $20.000 balance, it isn’t mini. Your broker will change to standard, returning to lower lot sizes.


If you want to see what could happen, test it with $30.000 initial capital, so EA make martingales with such big lots.

MaxLots is for secure operation, not to put a limit. For lots limitation you must use risk, InitialFixedLots, PipsStep, and the rest of parameters used to set the martingale orders.

Before you set the EA make your math on excel. So you can see how much margin is needed at each order, and how much loss you have to support.

See on GU report "Absolute Drawdown" value. It is at 128.59. This means minimum balance was 128,59 below initial balance. This gives you an idea of maximum drawdown.


Rama
  • #156
  • Feb 27, 2008 3:56pm Feb 27, 2008 3:56pm
Thank you for your explanations.
  • #157
  • Feb 28, 2008 7:41am Feb 28, 2008 7:41am
Rama,

The only problem i find till now is when the computer is turned off or the energy power off.. to the trades back fine, is needed to do that settings (UptadeVar). I have one account, i make the correction settings, But it wasnīt ever the same.. create other problems because the distance of one order to another. .. and to avoid this happening at WEEKEND Gaps:

I suggest,
If you could create more one settings like TradeOnFriday = true/false, it will be great.. I use this option to safely get off the market.

And other useful setting is trading hours... to avoid trade news time. but i donīt use this yet.. i havenīt test it with this option, on and off.

Best Regards.
  • #158
  • Feb 28, 2008 11:56am Feb 28, 2008 11:56am
Rama, some more bugs.

1. G/U was with 7/9 trades opened, with a 6th with 5.00 lots, and the 7th with 0.74 lots (WHY? Because the MaxLots=5). I see it was too much and I modified 2 settings: FactorLot=4.0 to 3.0 and MaxLots=5.0 to 6.0. What happen? It instatly OPEN 14 trades with 6.0 Lots!!! I close one of them and all others was closing one by one automaticaly.

So .. never change settings while you have trades opened.


2. In the test i was doing with 6 pairs that pay good swap, i donīt undestand how this TradeBands Works... i attaching one chart of the only trade from yesterday till now. Iīm using 30min chart with the pairs: G/U, E/J, G/CHF, G/J, N/J. The G/J touch the MA Levels 120, a lot of times, but donīt open any trade. ( I put the option to only trade LONG. )

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: gu28-02.gif Size: 15 KB
  • #159
  • Feb 28, 2008 7:15pm Feb 28, 2008 7:15pm
Quoting Numeral
Rama,

The only problem i find till now is when the computer is turned off or the energy power off.. to the trades back fine, is needed to do that settings (UptadeVar). I have one account, i make the correction settings, But it wasnīt ever the same.. create other problems because the distance of one order to another. .. and to avoid this happening at WEEKEND Gaps:
Remember change Magic number on EA if you want it recognize their orders.

EA do it automatically when you set Magic number to the same of the opened orders.

It works for me.

Rama
  • #160
  • Feb 28, 2008 7:20pm Feb 28, 2008 7:20pm
Quoting Numeral
Rama,

If you could create more one settings like TradeOnFriday = true/false, it will be great.. I use this option to safely get off the market.

And other useful setting is trading hours... to avoid trade news time. but i donīt use this yet.. i havenīt test it with this option, on and off.

Best Regards.

About TradeOnFriday=true/false, you can use StopTrading every Thursday afternoon, or Friday morning. Today I was going to do that, but I decided run some more risk. But tomorrow morning, I’m going to set StopTrading=ture. If at end day remain any order opened, I’ll close it manually if there is a small loss/profit. Just to have a nice weekend.


You can do the same on news days.

Remember, EA needs constant monitoring. You can't predict when a martingale can be closed. You must give EA enough time for close the martingale. I think is impossible trade until 30 minutes before a news event. So do it with 10/12 hours before.

Rama
0 traders viewing now