Martingale Baggio Method

Quoting sodipo2000

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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

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Quoting Rama

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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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Quoting MrForex123

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Sodippo,
Your EA is too simple but the back test results soo good.

Let me check out your EA for sell too.

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Quoting Rama

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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.
Kind regards.
Rama

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Quoting Xaron

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Yep, I second that. I use this EA in my small live account with great results. I know, the day will come where a margin call occurs...

So thanks Rama, your EA is rocksolid.

Just one comment: If I use mm=true, the lot size is too big. I use a €3,000 account and it uses starting lots of 0.06 in that case. That's too much for this account size...

Regards - Xaron

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Quoting Rama

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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

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Quoting Rama

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This revision makes a log file on experts\files\log during EA running. And another file on tests\files\log during back tests.
You can delete then at any moment you need.
On back tests it shows you each new lower free margin, so you have a record of the lowest free margin available during the test.
It ends report with a frequency statistic of martingales orders number. This gives you an idea how often big martingales occur.
It also allows you set parameters for only trade long/short, on bands/MA separately.
Ensure replace include files, and review settings.
Good luck, and trades.
Rama

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