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Martingale Baggio Method

  • #321
  • Apr 30, 2008 4:21am Apr 30, 2008 4:21am
The whole strategy is dangerous itself. There will be a margin call sooner or later, that's for sure.

Regards - Xaron
  • #322
  • Apr 30, 2008 4:40am Apr 30, 2008 4:40am
I did not talk about the strategy but about the bug http://www.forexfactory.com/images/icons/icon9.gif
Regards.
  • #323
  • Apr 30, 2008 5:20am Apr 30, 2008 5:20am
That's the reason I use the TrailingProfit now. That way this bug doesn't appear.

Regards - Xaron
  • #324
  • Apr 30, 2008 6:22am Apr 30, 2008 6:22am
Quoting Xaron
I've stopped the EA yesterday and made a stupid mistake by closing a sequence. Did cost me 50€.

This month was another good one. I've attached my statement.

Regards - Xaron

Hi Xaron,

About this orders; was manual trade? What do u change?

810929 2008.04.01 16:44 sell 1.39 usdjpy 101.92 0.001 01.56 2008.04.02 01:58 101.59 -7.61 289.17
815342 2008.04.02 02:00 sell 2.85 usdjpy 101.54 0.001 00.16 2008.04.02 03:37 101.75 -377.24
815725 2008.04.02 02:55 sell 5.84 usdjpy 101.85 0.001 01.52 2008.04.02 03:37 101.75 368.10

Regards,
Numeral
  • #325
  • Apr 30, 2008 6:27am Apr 30, 2008 6:27am
There was no manual trade by me but once or twice I closed manual.

edit: This one was done by the EA.

Regards - Xaron
  • #326
  • Apr 30, 2008 6:34am Apr 30, 2008 6:34am
Here is my bug description:

http://www.forexfactory.com/showpost...&postcount=228

Regards - Xaron
  • #327
  • Apr 30, 2008 7:25am Apr 30, 2008 7:25am
Quoting Xaron
The whole strategy is dangerous itself. There will be a margin call sooner or later, that's for sure.

Regards - Xaron
Is that the live account you're trading? With that kind of profit you will gain your 3000 in no time and then everything will run in profit, so you can get your margin call. I'll try it for several months on demo and if it shows that I recover my original amount in several months then I'll just go live
  • #328
  • Apr 30, 2008 7:40am Apr 30, 2008 7:40am
Quoting jasius
Is that the live account you're trading? With that kind of profit you will gain your 3000 in no time and then everything will run in profit, so you can get your margin call. I'll try it for several months on demo and if it shows that I recover my original amount in several months then I'll just go live
That's my plan, yes. Currently I've taken out about 1,500. So even if I get a margin call I should be almost break even then...

Regards - Xaron
  • #329
  • Apr 30, 2008 12:19pm Apr 30, 2008 12:19pm
With Martingale, it's wise to take the profits out of your funds asap before the margin call does ....
  • #330
  • Apr 30, 2008 5:14pm Apr 30, 2008 5:14pm
Could anybody explain why EA sold 5 times in a row instead of reversing?
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  • #331
  • Apr 30, 2008 5:24pm Apr 30, 2008 5:24pm
Quoting jasius
Could anybody explain why EA sold 5 times in a row instead of reversing?
I think that's the way the EA is designed to work, right ???
  • #332
  • Apr 30, 2008 6:05pm Apr 30, 2008 6:05pm
Quoting Schminner
I think that's the way the EA is designed to work, right ???
I think that it has to reverse when it's in loss and double the counts?.. WHy would it keep on opening when in loss?... Maybe creator of EA could shed some light? Has that happened to anybody else?
  • #333
  • Apr 30, 2008 9:13pm Apr 30, 2008 9:13pm
Quoting Xaron
I've stopped the EA yesterday and made a stupid mistake by closing a sequence. Did cost me 50€.

This month was another good one. I've attached my statement.

Regards - Xaron
Excellent work Xaron. I have started trading on your style: initial lot size helps to avoid risk too much. I finished 20% up too.

And I recovered from my margin call of march 18.

Every time i touch automatic trades i make a mistake too.

The best part is that system works most time completely lonely.

Good luck, and better trades for next month.

Rama
  • #334
  • Apr 30, 2008 9:20pm Apr 30, 2008 9:20pm
Quoting jasius
I think that it has to reverse when it's in loss and double the counts?.. WHy would it keep on opening when in loss?... Maybe creator of EA could shed some light? Has that happened to anybody else?
This is the basis of any martingale, keep on the same way until market retrace.

That's why you need an initial lot size small, and reasonable FactorLot (1.5 to 2.1).

Rama
  • #335
  • May 1, 2008 7:25am May 1, 2008 7:25am
Quoting Rama
This is the basis of any martingale, keep on the same way until market retrace.

That's why you need an initial lot size small, and reasonable FactorLot (1.5 to 2.1).

Rama
Did you or Xaron get margin call as well? I am using Xaron's templates...
  • #336
  • May 1, 2008 9:56am May 1, 2008 9:56am
Quoting Rama
This is the basis of any martingale, keep on the same way until market retrace.

That's why you need an initial lot size small, and reasonable FactorLot (1.5 to 2.1).

Rama
Rama, can you make it open subsequent trades in the opposite direction ... just like the Martingale stop-and-reverse?

It might prove to be more profitable, especially in trending condition ...
  • #337
  • May 1, 2008 10:08am May 1, 2008 10:08am
Quoting jasius
Did you or Xaron get margin call as well? I am using Xaron's templates...
Xaron templates are good enough, because they use small initial lot size. Running on several pairs increase profits.

About MC, i posted my real statement on 03/18/08. It occurred because I set an initial lot size of 0.03 on GPBUSD on a 1.3k balance account. And simultaneously there was another martingale opened on USDJPY.

TradeCriticQtty parameter born from this MC. So it is a very important tool to keep you on the road.

Look for that post. I don't know remember wich is it number. Search by date= March 18 on the forum.

If i had closed the martingale on USDJPY with 2 orders opened at breakeven,
there would have been enough margin to resist until GBPUSD retrace, 30 minutes later MC.

That was a lesson.

Rama
  • #338
  • May 1, 2008 10:10am May 1, 2008 10:10am
Quoting Rama
Xaron templates are good enough, because they use small initial lot size. Running on several pairs increase profits.

About MC, i posted my real statement on 03/18/08. It occurred because I set an initial lot size of 0.03 on GPBUSD on a 1.3k balance account. And simultaneously there was another martingale opened on USDJPY.

TradeCriticQtty parameter born from this MC. So it is a very important tool to keep you on the road.

Look for that post. I don't know remember wich is it number. Search by date= March 18 on the forum.

If i had closed the martingale on USDJPY with 2 orders opened at breakeven,
there would have been enough margin to resist until GBPUSD retrace, 30 minutes later MC.

That was a lesson.

Rama
So you didn't get margin call yesterday when it started selling USDGBP? Strange... I wonder if Xaron got it... I'll see if TradeCriticQtty is enabled in his templates
  • #339
  • May 1, 2008 1:28pm May 1, 2008 1:28pm
Quoting jasius
So you didn't get margin call yesterday when it started selling USDGBP? Strange... I wonder if Xaron got it... I'll see if TradeCriticQtty is enabled in his templates
I didn't use the EA yesterday because I stop it on days where very important news come up like FED interest rate decisions.

I've started it right now.

I use a initial lot size of 0.01 in a 3,000€ account, that should be safe.

Regards - Xaron
  • #340
  • May 1, 2008 2:02pm May 1, 2008 2:02pm
Quoting Xaron
I didn't use the EA yesterday because I stop it on days where very important news come up like FED interest rate decisions.

I've started it right now.

I use a initial lot size of 0.01 in a 3,000€ account, that should be safe.

Regards - Xaron
I see. I probably should do the same thing, then
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