PowerSM Semi-Martingale EA | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

PowerSM Semi-Martingale EA Trades 54 replies

Safe (PowerSM Modified) EA 72 replies

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing 659 replies

Simple MACD w/ Semi-Martingale MM 8 replies

Attachments: PowerSM Semi-Martingale EA
Exit Attachments

PowerSM Semi-Martingale EA

  • #101
  • Mar 25, 2008 11:54am Mar 25, 2008 11:54am
You are so going down.Thats a test from the beginning of the year.I wish you luck.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 10 KB
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #102
  • Mar 25, 2008 12:03pm Mar 25, 2008 12:03pm
Mer knows what I'm talking about and the rest of you who have read all of the this thread but in the interest of getting some of you up to speed; what I meant:

When your trade gets stopped out at break even right now what is happening is the trade progression keeps going within the EA and it will open up the next trade ratcheting up the amount of lots even though there was no loss on that break-even trade.

So the feature proposed by Mer was to have his coder work on a solution where if there is a break-even trade, then the sequence is not continued on the next trade but rather repeats the last lots traded.... in a sense giving you a second opportunity at that lot level.

So.... hypothetical trade sequence if and when the feature is added:

1st trade: .1 lots stopped out
2nd trade: .1 lots stopped out
3rd trade: .2 lots (stopped out at break-even)
4th trade: .2 lots again instead of .3(or whatever comes next) because last trade was B/E.
and the sequence continues normally unless either Break even is hit or TP!

Good trading everyone!
  • #103
  • Mar 25, 2008 1:41pm Mar 25, 2008 1:41pm
My coder is looking to clear up any problems with any "false-false" issues and yes Chartist, he is going to look into adding the re-enter feature to help extend the functionality of the EA.

fireeee, you can't base you opinion on a backtest because there are so many variable to consider like entry points, time of day, and numerous other factors which backtesting doesn't take into consideration.

What qz10cq did was change the input under the commons tab on the EA to trade only short instead of long & short. Remember it doesn't hurt to experiment
  • #104
  • Mar 25, 2008 2:10pm Mar 25, 2008 2:10pm
I don't know what happened last night but my EA didn't open up my trades on Usd/Jpy or Usd/Chf. Looks to me like a login issue. My Eur/Usd is still trading at the moment and will probably continue tomorrow morning.
Attached File(s)
File Type: zip log 3252008.zip   < 1 KB | 414 downloads
  • #105
  • Mar 25, 2008 9:40pm Mar 25, 2008 9:40pm
Just an update, my Eur/Usd finished up this morning around 15:40 GMT for a nice $460.00 dollar profit with 2 breakeven saves which would have cost me $170.00 in profit (.6 & 1.1 lot levels). I'm glad I added that in now.
Attached File(s)
File Type: zip PowerSM Statements.zip   5 KB | 423 downloads
  • #106
  • Edited 10:58pm Mar 25, 2008 10:44pm | Edited 10:58pm
Quoting Chartist
Good job Damonl!

Hey Oksana, I don't think FX is for you .
Chartist... I think everyone has already tried this strategy and i don't see any veteran using it, and none of them even mention this, cause they know what happens... Maybe you should try to learn more before saying thinks like that to someone who might knows more than you (and i really, really think he does).

Mer congrats in putting efforts on this thread and sharing the EA for free.. But i really don't know why you put an expiration date if you don't plan to sell it.. I read the posts, but I think that in a year you won't even gonna remmember that you started this thread. It's just a thought...

BTW i do martingale sometimes... But in my discretionary trades, cause i think i won't be able to be wrong more than 2 times in a row, and if i do i'll take the loss... And it's not a stop and reverse thing
No Brain, no Gain.
  • #107
  • Mar 26, 2008 12:14am Mar 26, 2008 12:14am
BGazzoni, As always your opinions are welcome here in the thread and Chartist's comments are just that, his opinion.

Again, I try to stress to everyone the EA that this not designed to be an all in one solution for trading Forex but to be used in conjunction with other trading strategies and to be used as a supplemental tool to help increase ones primary trading account. As suggested before, you should always use this on a secondary account that is using "expendable money"and remove the profits you've accumulated frequently and put those profits in your primary account.

As for the expiration date, it's a courtesy for those of us who do have an interest in this EA, but don't want to keep downloading a new one every month like in the original thread. And you're right, this thread probably won't be here in a year, but when it does expire, the EA will provide a message to the forum members so they can e-mail for a new one if they want it.

As I stated in post #1, I will be marketing the EA commercially outside of this site after proper testing, which is the main goal of posting this EA on the forum. I will still be providing this EA for free to all registered members of this forum.
  • #108
  • Mar 26, 2008 12:18am Mar 26, 2008 12:18am
Quoting Chartist
Good job Damonl!

Hey Oksana, I don't think FX is for you .
wow...i' m not even gonna say anything.

just asking, how long have YOU been trading forex? Just curious...
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #109
  • Edited 12:25am Mar 26, 2008 12:23am | Edited 12:25am
Unlike other threads, I don't want the negativity here guys. If you want to bad mouth each other do it with pm's.

Oksana, I do appreciate your concerns, we are all aware of the risk involved. That's why we trying to make improvements to eliminate as much risk as possible
  • #110
  • Mar 26, 2008 6:44am Mar 26, 2008 6:44am
Hello
i change lots from 0,01, i have been wait for more 4 hours, but there is no open position, what happen? is there something wrong?
  • #111
  • Mar 26, 2008 9:22am Mar 26, 2008 9:22am
ummm... I noticed you use european form, 0,01. The EA is written in formal decimal, 0.01.... so if you input 0,01 in the EA lots input, it probably won't recognize it as a number, and hence, won't trade?? just a thought...

Ditto on the bashing, Mer. Many of us have traded FX for a whiles, and some even make their living on it. You have provided enough caveats, no more really needed. There is always risk. Even with the "pros". This just provides a different version of that risk, and as with ALL systems, it is all a game of probabilities and percentages... all we want is an edge...
  • #112
  • Mar 26, 2008 10:01am Mar 26, 2008 10:01am
Quoting BGazzoni
Chartist... I think everyone has already tried this strategy and i don't see any veteran using it, and none of them even mention this, cause they know what happens... Maybe you should try to learn more before saying thinks like that to someone who might knows more than you (and i really, really think he does).

Mer congrats in putting efforts on this thread and sharing the EA for free.. But i really don't know why you put an expiration date if you don't plan to sell it.. I read the posts, but I think that in a year you won't even gonna remmember that you started this thread. It's just a thought...

BTW i do martingale sometimes... But in my discretionary trades, cause i think i won't be able to be wrong more than 2 times in a row, and if i do i'll take the loss... And it's not a stop and reverse thing
Your opinions are appreciated!
  • #113
  • Mar 26, 2008 10:02am Mar 26, 2008 10:02am
Quoting Oksana17
wow...i' m not even gonna say anything.

just asking, how long have YOU been trading forex? Just curious...

Your opinions are appreciated!
  • #114
  • Mar 26, 2008 10:22am Mar 26, 2008 10:22am
Mer, put in stop and break even at 60, profit 350 with progression of .1, .2 thru 1.0. Positive around 600 pips so far this week. With the 60 break even the trades close when the price retracts 60 and then opens another trade at .1 as long as it is positive . Trading pairs are eur/usd. gbp/usd, usd/chf, usd/jpy and gbp/jpy. I also attached a close all orders ea when price hits 400, which it has twice this week. This is more of a weekly type system, with the 60 sl it takes away most of the trending market problems. If u look at weekly charts there is a lot of pips to be gotten from the opens to the close/high/low, just how to get them is the question. Love the idea of opening a channel at the beginning of the week and just keep refilling the orders until there is a major move of some sort for ur profit. With the close all orders ea at 400 it resets all trading pairs back to .1. Still experimenting with this ea and I like it, will keep u informed.
  • #115
  • Mar 26, 2008 10:24am Mar 26, 2008 10:24am
Okay another profitable London session with your EA Mer.

My usd/chf trade closed out on the first trade with +44 pips. I'm trading this pair with 44tp, 10sl, 25be.

Good trading to all of you!
  • #116
  • Edited 3:24pm Mar 26, 2008 2:22pm | Edited 3:24pm
QZ: Interesting! are you using this EA to do that? If so, can you elaborate on your settings.... sounds like your "close all" is another EA?

To all: Looks to me like that all of our sequence-ending trades at 40p profit ALL go onto much more, but AT LEAST 60-70p.... Wouldn't it significantly help us to set our TP at 60, 10p SL still, and 30p breakeven still...

If we do that, and leave the default progression the same thru the first 12 trades... (the majority of sequences will end before 12 trades), we make more money, by a bit... (10th original micro trade is $29 profit, at 60TP, it is $69)

But the real benefit is from trades 13-24... the potentially disabling trades. If we adjust the lots from trades 13 to 24 to approximate the profit of the original series, ending at 24th trade profit at $160 or so... our drawdown at that point is REDUCED to -$1,227 instead of -$-3,115. Our 24th trade is 1.98 lots instead of 6.55 lots, and our margin required to trade the full 24 trades is only $2,217 instead of $6,390....

Of course, only IF all trades that hit our 40p TP also go on to hit our 60p TP. To me, it seems like they all do. This sytem seems to "tread water" until it a move, and then goes beyond, (often FAR beyond) our 40p. So maybe 60p is a reasonable extension.... netting us GREAT rewards for virtually no additional risk.

Comments??? Maybe Mer, with more past forward testing history can speak to the assumption that if the market hits our 40p TP, it always continues to hit 60p...

thanks....
  • #117
  • Mar 26, 2008 2:35pm Mar 26, 2008 2:35pm
That's the beauty of the spreadsheet! Feel free to adjust and play with the settings as much as you want to get the desired setting that fits your style.

qz10cq, another interesting twist, keep us informed!
  • #118
  • Mar 26, 2008 3:07pm Mar 26, 2008 3:07pm
QZ: can you post a link to the "Close all Orders" EA?

And... do you just set this to run at the beginning of each week and let it go? Do you reset at the end of friday or just let whatever orders are open carry on to the next week. (I suspect the latter ...)

thanks....
  • #119
  • Mar 26, 2008 3:31pm Mar 26, 2008 3:31pm
Well guys, I've got good news and bad news.

First the good news. PowerSM V.2 is here!!!

1) This is for Chartist. My coder was able to make the "Re-Enter" function possible! I've attached a pic of the trades to show everyone how it shows it re-entering a trade at the same level where it was stopped out at. It will only perform this function when your breakeven input is triggered. I purposely set my BE to 20 pips to risk being stopped out more often for testing purposes and I will change it back to 30 for tomorrow's trades.

2) A small bug in the PriceEntry logic was fixed.

3) The "False-False" bug I believe has been fixed. I entered trades last night around 03:00 GMT (way early for me) because I was itching to see if it worked and it did.

Now the bad news.

For those of you using the EA with the time and price entries set to "False", the EA will enter a new sequence immediately after a sequence is closed. The only way to combat this is to manually turn off the EA to stop trading or, once the EA is placed on the chart, change either the time or price entry to "True" to override.

My Eur/Usd did finish out three sequences this morning and would have keep going if I didn't change it to a Timed Entry. Same with Usd/Chf. My Usd/Jpy is still going and since it closed out at 16.50 lots with $0 profit (probably due to the time entered and the BE input is too low), it should start up tomorrow at the same 16.50 lot level if all is well. I'm going to start the EA back up at 00:00 GMT because Usd/Jpy is around the 38.2 retracement and I don't want to go longer than 7 levels if possible. Also this shows why it is important to be in at the right time of day for the correct volatility and you should keep your BE input to no less than 75%.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_usdchf_current.gif Size: 100 KB
Attached File(s)
File Type: zip PowerSM Statements.zip   15 KB | 454 downloads
File Type: ex4 PowerSM V.2.ex4   11 KB | 775 downloads
  • #120
  • Mar 26, 2008 3:54pm Mar 26, 2008 3:54pm
Quoting mer071898
Well guys, I've got good news and bad news.

First the good news. PowerSM V.2 is here!!!

1) This is for Chartist. My coder was able to make the "Re-Enter" function possible! I've attached a pic of the trades to show everyone how it shows it re-entering a trade at the same level where it was stopped out at. It will only perform this function when your breakeven input is triggered. I purposely set my BE to 20 pips to risk being stopped out more often for testing purposes and I will change it back to 30 for tomorrow's trades.

2) A small bug in the PriceEntry logic was fixed.

3) The "False-False" bug I believe has been fixed. I entered trades last night around 03:00 GMT (way early for me) because I was itching to see if it worked and it did.

Now the bad news.

For those of you using the EA with the time and price entries set to "False", the EA will enter a new sequence immediately after a sequence is closed. The only way to combat this is to manually turn off the EA to stop trading or, once the EA is placed on the chart, change either the time or price entry to "True" to override.

My Eur/Usd did finish out three sequences this morning and would have keep going if I didn't change it to a Timed Entry. Same with Usd/Chf. My Usd/Jpy is still going and since it closed out at 16.50 lots with $0 profit (probably due to the time entered and the BE input is too low), it should start up tomorrow at the same 16.50 lot level if all is well. I'm going to start the EA back up at 00:00 GMT because Usd/Jpy is around the 38.2 retracement and I don't want to go longer than 7 levels if possible. Also this shows why it is important to be in at the right time of day for the correct volatility and you should keep your BE input to no less than 75%.
Very nice Mer,

Maybe an idea when Timed entry and Price entry are set to false:

Why not write a file every per TF bar and check if this file exists. In that case it will not open a trade until the next bar of the specific TF during the EA session.
So if you only want to open a bar, let's say, every hour, you just put your EA TF on 60 min charts. If you want to do it every 1 minute you just set your chart on 1 minute.
In this way you can determine the frequency of opening a trade.
I would add one more bool and ask for something like: TradePerTFBar.
0 traders viewing now