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Martingale Baggio Method

  • #161
  • Feb 28, 2008 7:25pm Feb 28, 2008 7:25pm
Quoting Numeral
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.
Hi Guys,
Your effort to test and understand the idea really surprised me.

I suggest start using EA with parameters set on files *.set uploaded on MA Martingale v3.0.zip to test and full understand how it works.

They have the parameters with high return, low drawdown, and tested from 06/2004 till today.

You must copy them on \expert\presets folder. Execute MT4 terminal, press F7 on the chart you are running the EA. On page “inputs” click bottom “load”. Look for the file copied on presets folder. Finally, assure the magic number for opened orders, and click accept.

I’m uploading EURJPY setting, finished testing tonight. Next Monday I’m going to start trading alive this. It’s great. You can use it with a risk higher than the set one. Up to 0.30.

About MaxLots parameter, forget it. This parameter is the maximum values broker allows on a single order. Why this parameter exists: because there are some brokers that use different maximum lot size. So simply set this parameter to 50 on mini, 100 on std.

I am thinking on code the EA to calculate this value if trader set the parameter MiniAccount=true/false, to avoid this confusion. But it will be a problem if broker maximum lot size is different, particularly if it is smaller. Perhaps, simply changing the name to MaxBrokerLot?.

I don’t understand the sequence you mention, why don’t you type it complete, or upload an excel?

And,

NEVER CLOSE ORDERS WHILE A MARTINGALE IS RUNNING.

All will get close immediately. Except you want this.

You can change the parameters when ever you want/need.
Attached File(s)
File Type: zip eurjpy 30m.zip   < 1 KB | 502 downloads
  • #162
  • Feb 28, 2008 7:30pm Feb 28, 2008 7:30pm
Quoting Numeral
2. In the test i was doing with 6 pairs that pay good swap, i don´t undestand how this TradeBands Works... i attaching one chart of the only trade from yesterday till now. I´m 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 don´t open any trade. ( I put the option to only trade LONG. )
The chart showed is trading the MA crossing, not the bands.

To allow this, assure TradeBands =TRUE. And if you want to go long on the lower band only, set ReverseCondition=TRUE, and TradeShort=FALSE.

If you only want to trade bands, set TradeMA=FALSE.

Don't forget to study the pair you are trading on before do it. You must set the parameter of the bands: MALevel. This is very important.

I forget to mention all tests were made on 30 minutes and 1 hour. Recommend use 30m only.

Best regards,

Rama
  • #163
  • Feb 28, 2008 10:35pm Feb 28, 2008 10:35pm
Quoting Rama
The chart showed is trading the MA crossing, not the bands.

To allow this, assure TradeBands =TRUE. And if you want to go long on the lower band only, set ReverseCondition=TRUE, and TradeShort=FALSE.

If you only want to trade bands, set TradeMA=FALSE.

Don't forget to study the pair you are trading on before do it. You must set the parameter of the bands: MALevel. This is very important.

I forget to mention all tests were made on 30 minutes and 1 hour. Recommend use 30m only.
Best regards,
Rama
Ok, Thanks!
I ask about Tradebands and send the chart because i do what u told exactly:
TradeMA=FALSE,
TradeBands =TRUE,
TradeShort=FALSE.
TradeLong=TRUE.

The only thing i don´t put is ReverseCondition=True. (Why i need set it to True?) I what to trade the entry signal condition.

I will wait to see if this still happening in others trades.
Thanks

I´m making a lot of tests with a lot of variations of settings.
I have one MT4 running only with pairs do u recommend and the parameters set on your files *.set.

Right now i´m looking (in MT4 tests) for a math to give me more room.
Like using 1.6x factor or 1.5x with bigger TP.

Best Regards
Nume
  • #164
  • Feb 28, 2008 11:18pm Feb 28, 2008 11:18pm
Quoting Numeral
Ok, Thanks!
The only thing i don´t put is ReverseCondition=True. (Why i need set it to True?) I what to trade the entry signal condition.

Right now i´m looking (in MT4 tests) for a math to give me more room.
Like using 1.6x factor or 1.5x with bigger TP.

Best Regards
Nume
Hi Numeral:
You are attached your computer (like me)?.

I couldn't sleep tonite, so I came to see the thread.


This is Reverse Condition documentation’s explanation:

“ReverseCondition: Boolean parameter for read inversed the indicator signals. If buy, then sell and vice versa.
Many often, when signal appears is too late to enter a trade. Market starts its retrace when signal is given. So it is useful read on reverse the signal for trading currency pairs with these characteristics. Same technique applies working with lazy indicators.”

Trading bands enter short orders by default when price goes down trough lower band. If you want to enter a long position, instead default setting, looking for a positive swap, you must set parameter ReverseCondition=TRUE.

I think you are looking buy low and sell high. And both profits (swap & pips).

You must use larger PipsStep and lower FactorLot as you said. Do your maths on a spreadsheet before run it.

FactorLot of 1.5/1.6 gives much more room. You can support more trend against your position. But you also need a bigger retrace to return in profit.

On my real trading style, larger martingale used to get closed on a couple of days. Tree days maximum. So swap isn’t important.

Did you see “Brut Force EA”? This expert sends a buy order each 8 hours if price is under a Moving Average defined by trader. With a 300 TP. It’s a way to test the idea of “buy low, sell high”, mixed with a hold & wait strategy.

Good luck, and keep looking for your own method. This is the only way it works.

Rama
  • #165
  • Feb 29, 2008 6:34am Feb 29, 2008 6:34am
Thanks for your EA, rama!

Regards - Xaron
  • #166
  • Feb 29, 2008 10:09am Feb 29, 2008 10:09am
Quoting Rama
Hi Numeral:
You are attached your computer (like me)?.

Trading bands enter short orders by default when price goes down trough lower band. If you want to enter a long position, instead default setting, looking for a positive swap, you must set parameter ReverseCondition=TRUE.

Did you see “Brut Force EA”? This expert sends a buy order each 8 hours if price is under a Moving Average defined by trader. With a 300 TP. It’s a way to test the idea of “buy low, sell high”, mixed with a hold & wait strategy.
Good luck, and keep looking for your own method. This is the only way it works.
Rama
Attached to computer! LOL. Yes.. almost.
The night is good research and learn (it´s more quiet, my dauther is sleeping)

The truth is I almost forgot the Fuerza Bruta.., I think i was more concentrate in stoch. but i already start to test it, now. It´s best start on monday, but today its ok.

And about ReverseCondition, it´s a good point, i don´t think about it... a lot better buy in lows. I will change it.

Thanks again!
  • #167
  • Edited Mar 2, 2008 7:25am Mar 1, 2008 2:54pm | Edited Mar 2, 2008 7:25am
i am developing a martingale EA i want you to have a look at it ,it works well with gbpusd it open X2 of the initial lot after every -100 pips.but can you make it to open another trade in the opposite direction i mean a sell so that will really reduce its risk and increase it profit.The idea is that the opposite position will only open 1 position at a time until the trend reverse. i want you to help because am a newbie programmer. i am having problem trying to attach the EA
  • #168
  • Mar 1, 2008 3:01pm Mar 1, 2008 3:01pm
this is the EA
NOTE it is still under development
Attached File(s)
File Type: mqh akin.mqh   3 KB | 411 downloads
  • #169
  • Edited Mar 2, 2008 7:40am Mar 1, 2008 3:17pm | Edited Mar 2, 2008 7:40am
this is the back testing result
Attached File(s)
File Type: zip akin EA.zip   8 KB | 483 downloads
  • #170
  • Mar 2, 2008 2:10am Mar 2, 2008 2:10am
Hi Sodipo
The backtesting seems fine.
I did't really understand the working but I'll try next week.
The program is very short and you must rename your file mqh in mq4 for using.
Thanks for sharing.
  • #171
  • Mar 2, 2008 8:22am Mar 2, 2008 8:22am
Quoting madscalp
Hi Sodipo
The backtesting seems fine.
I did't really understand the working but I'll try next week.
The program is very short and you must rename your file mqh in mq4 for using.
Thanks for sharing.


it works based on martingale method,it opens an order with a predefined takeprofit and stoposs if the market trends in its direction it trigger the take profit and open another order.But if the market trends against it by 100 pip it opens another position X2 of the initial lot against the trend direction,then closes the loosing position this will continue till we get a major retracement.although this may look scary but i m yet to see 1000pips freefall in GBPUSD or EURUSD without retracement.
For now The EA will only Place a buy order i am still working on it so that it can open both buy and sell at the same time, this will reduce its drawdown and boost the profit.it is really taking my time can someone give me a hand with this????
  • #172
  • Mar 2, 2008 10:49am Mar 2, 2008 10:49am
Quoting Numeral
Ok, Thanks!
Right now i´m looking (in MT4 tests) for a math to give me more room.
Like using 1.6x factor or 1.5x with bigger TP.
Hi Numeral:
You were wright about reducing FactorLot, this gives room to increase risk, so initial lot size could be bigger.

This has to positive effects:

  1. Gives more room to place more orders, supporting much more market trend against your position. With the setting I tested, 8 orders are enough to close any martingale in profit.
  2. As you have more room on the following orders, this gives the chance to increase initial lot risk. Increasing profits of the most frequency martingale sizes.

See this chart with martingale’s order size frequency:

PHP Code
 
Orders EURJPY   GBPUSD   USDJPY   USDCHF
   1       1088   779      385       327
   2       258     456      250      177
   3       169     211      112       97
   4       78       120      62        69
   5       32        59      38       47
   6        13       43      15      21
   7        4        18       8      11
   8        6        10       7     7
   9        0         0       0        6
TOTAL  1648     1696     877      762
As you can see, 93% +/- of the martingales uses up to 4 trades. If you increase lot size of them, this increases profits. But it is needed a FactorLot reduction to afford bigger martingales (the rest 7% of cases).

Reducing FactorLot you could see a balance reduction after a big martingale, if it was entered on negative swap side. Pips profit in big sizes martingales aren’t enough to cover swap paid, if takes a few days to get close. But it isn’t too much.

I don't trade USDCHF and EURUSD because they don't retrace enough.

Kind regards.

Rama
  • #173
  • Mar 2, 2008 10:57am Mar 2, 2008 10:57am
Quoting sodipo2000
it works based on martingale method,it opens an order with a predefined takeprofit and stoposs if the market trends in its direction it trigger the take profit and open another order.But if the market trends against it by 100 pip it opens another position X2 of the initial lot against the trend direction,then closes the loosing position this will continue till we get a major retracement.although this may look scary but i m yet to see 1000pips freefall in GBPUSD or EURUSD without retracement.
For now The EA will only Place a buy order i am still working on it so that it can open both buy and sell at the same time, this will reduce its drawdown and boost the profit.it is really taking my time can someone give me a hand with this????
What must EA do with the second order if it doesn't touch its take profit, and the first one, or principal order (i mean the one entered by a signal) touches profit price and gets closed?

I'm not a professional coder, just another newbie with enough programming skills.

I was thinking before on your idea for MA Martingale EA, but i really don't know how to solve the question asked.

Regards

Rama
  • #174
  • Mar 3, 2008 3:44am Mar 3, 2008 3:44am
Quoting Rama
Hi Numeral:
You were wright about reducing FactorLot, this gives room to increase risk, so initial lot size could be bigger.

This has to positive effects:

  1. Gives more room to place more orders, supporting much more market trend against your position. With the setting I tested, 8 orders are enough to close any martingale in profit.
  2. As you have more room on the following orders, this gives the chance to increase initial lot risk. Increasing profits of the most frequency martingale sizes.

See this chart with martingale’s order size frequency:

PHP Code
 
Orders EURJPY   GBPUSD   USDJPY   USDCHF
   1       1088   779      385       327
   2       258     456      250      177
   3       169     211      112       97
   4       78       120      62        69
   5       32        59      38       47
   6        13       43      15      21
   7        4        18       8      11
   8        6        10       7     7
   9        0         0       0        6
TOTAL  1648     1696     877      762
As you can see, 93% +/- of the martingales uses up to 4 trades. If you increase lot size of them, this increases profits. But it is needed a FactorLot reduction to afford bigger martingales (the rest 7% of cases).

Reducing FactorLot you could see a balance reduction after a big martingale, if it was entered on negative swap side. Pips profit in big sizes martingales aren’t enough to cover swap paid, if takes a few days to get close. But it isn’t too much.

I don't trade USDCHF and EURUSD because they don't retrace enough.

Kind regards.

Rama
Very interesting, Rama and thanks, Numeral.
So, could you give a example of new settings for GBPUSD and EURJPY with a reducing factorlot ?
  • #175
  • Mar 4, 2008 8:25am Mar 4, 2008 8:25am
Quoting Rama
What must EA do with the second order if it doesn't touch its take profit, and the first one, or principal order (i mean the one entered by a signal) touches profit price and gets closed?

I'm not a professional coder, just another newbie with enough programming skills.

I was thinking before on your idea for MA Martingale EA, but i really don't know how to solve the question asked.

Regards

Rama
Hi rama,
Thanks for the reply,try to instal and compile the EA i posted in the forum so that you can understand how it works properly. the EA do not use any indicator coz i believe using indicator will make the martingale system fail. i just finished working on an indicator based EA that makes atleast 25 percent in a month, just joking that is in backtesting.
Bro we can do something good on martingale.i am a trader and a newbie programmer
  • #176
  • Mar 6, 2008 6:15am Mar 6, 2008 6:15am
Quoting madscalp
Very interesting, Rama and thanks, Numeral.
So, could you give a example of new settings for GBPUSD and EURJPY with a reducing factorlot ?
Hi Madscalp, i was a little busy... so i late in the answer.

What Rama show is the orders reach TP at first 4 or 5 levels of Step. For this case i don´t know what can be done.

Maybe something like this:

1 level: Buy 0.1 lot ( 2x )
2 level: Buy 0.2 lot ( 2x )
3 level: Buy 0.4 lot ( 2x )
4 level: Buy 0.8 lot ( 2x )
- if don´t reach TP .. start to looking for a good breakeven exit point
5 level: Buy 1.04 lot ( 1.3x ) - this can high the PipLevels for more security
6 level: Buy 1.35 lot ( 1.3x )
7 level: Buy 1.75 lot ( 1.3x )
8 level: Buy 2.28 lot ( 1.3x )

or something similiar.
-/-
A example of other reducing factorlot, using always small lots to handle with big movements. For that u need to look to TP/step ratio for profitable combinations.

Factor: 1.4x - needs a ratio of: to 3x tp/step, or 3.5x - like step 10 / tp 30

Factor 1.5x - needs 2.5x or 3x of tp/step - steop 10 pips / tp 25 pips

Factor 1.6x - 2x tp/step - step 10 pips / tp 20 pips.
  • #177
  • Mar 6, 2008 6:40am Mar 6, 2008 6:40am
Quoting Numeral
Hi Madscalp, i was a little busy... so i late in the answer.

What Rama show is the orders reach TP at first 4 or 5 levels of Step. For this case i don´t know what can be done.

Maybe something like this:

1 level: Buy 0.1 lot ( 2x )
2 level: Buy 0.2 lot ( 2x )
3 level: Buy 0.4 lot ( 2x )
4 level: Buy 0.8 lot ( 2x )
- if don´t reach TP .. start to looking for a good breakeven exit point
5 level: Buy 1.04 lot ( 1.3x ) - this can high the PipLevels for more security
6 level: Buy 1.35 lot ( 1.3x )
7 level: Buy 1.75 lot ( 1.3x )
8 level: Buy 2.28 lot ( 1.3x )

or something similiar.
-/-
A example of other reducing factorlot, using always small lots to handle with big movements. For that u need to look to TP/step ratio for profitable combinations.

Factor: 1.4x - needs a ratio of: to 3x tp/step, or 3.5x - like step 10 / tp 30

Factor 1.5x - needs 2.5x or 3x of tp/step - steop 10 pips / tp 25 pips

Factor 1.6x - 2x tp/step - step 10 pips / tp 20 pips.
Thanks for your reply.
Actually,during the news, I'm trying different settings ( short PS and TP)against the trend on GBPUSD and EURJPY to see how martingale is working.
But every time after the 6th level, I don't have enough margin.
I'm looking for a best MM.
What are your results with set provided by Rama ?
Regards.
  • #178
  • Mar 6, 2008 12:28pm Mar 6, 2008 12:28pm
Quoting madscalp
Thanks for your reply.
Actually,during the news, I'm trying different settings ( short PS and TP)against the trend on GBPUSD and EURJPY to see how martingale is working.
But every time after the 6th level, I don't have enough margin.
I'm looking for a best MM.
What are your results with set provided by Rama ?
Regards.
Rama´s SET, i think need at least $5000 dollars.

I have here 10% in less than one month.
  • #179
  • Mar 6, 2008 6:34pm Mar 6, 2008 6:34pm
Quoting Rama
See this chart with martingale’s order size frequency:
PHP Code
 
Orders EURJPY   GBPUSD   USDJPY   USDCHF
   1       1088   779      385       327
   2       258     456      250      177
   3       169     211      112       97
   4       78       120      62        69
   5       32        59      38       47
   6        13       43      15      21
   7        4        18       8      11
   8        6        10       7     7
   9        0         0       0        6
TOTAL  1648     1696     877      762
As you can see, 93% +/- of the martingales uses up to 4 trades. If you increase lot size of them, this increases profits. But it is needed a FactorLot reduction to afford bigger martingales (the rest 7% of cases).
Rama
Yes, nice point. This is something we need to learn. With what step/tp you find this orders reached frequency?

This file is from someone who has already study something about hedge the orders.
And here have something too: http://www.forexfactory.com/showpost...&postcount=160
Attached File(s)
File Type: xls variation.xls   14 KB | 393 downloads
  • #180
  • Mar 6, 2008 6:37pm Mar 6, 2008 6:37pm
Try these parameters:
OrdenSalto = 5
Salto = 0.75

These will decrease 0.75 FactorPips on martingale sequence #5, reducing absolute lot size, and margin required in 25%.

This gives you 25% more room to increase risk up to double.

To keep a breakeven result, take profit of followings orders (6, 7, 8 … etc.) must be increased. This needs coding. But you can tests and see better results reducing lot size from sequence 5 of martingale.

This is a system of 9% to 15% monthly profit. At least in back tests.

Kind regards.

Rama
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