Martingale Baggio Method | Page 21 | 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

  • #401
  • May 27, 2008 2:40am May 27, 2008 2:40am
Hi,

just a small update from me. Everything is fine so far. I've closed a GBP/USD short grid in the 6th level manually with a loss of about 3% because of important news ahead. Didn't want to get margin called. It would have worked, the 8th level would had been closed, but that's ok for me.

Currently I'm up about 12% this month.

Will post my statement again by the end of this month.

Regards - Xaron
  • #402
  • May 27, 2008 6:44am May 27, 2008 6:44am
Quoting jasius
Could any of you gents clarify:

I've been runing this EA for a month now on Alpari with fixed lots 0.01 to start. I thought that was mini account, since, for example, ODL, doesn't allow anything less than 0.1. So if I wanted to go with real mini account (say in IBFX), I should open mini account (where all the currencies have letter 'm' to them), and then 0.01 lots would be mini lots, e.g. not the same amount as in my current Alpari?

Never understood that, have read everything about mini accounts but still don't get it
Jasius:
About fixed lots, I don’t know if you understand how to use lots as balance percentage. But I recommend make your math on a spreadsheet before, to check how much draw down your settings could resist before margin call.

Your initial lot size depends on your strategic money management. This include all the pairs you are trading simultaneously. I use the EA on 5 pairs. So I must leave free balance to let the other EAs get closed.

On this thread is an excel file with some examples can help you.

It sounds nice a lots size set by percentage, but you may do some work too.

About the little “m” IBFX place on their charts on mini accounts, it doesn’t care. EA works fine. In fact, I’m using this broker and account type.

This is the calc done for lot size: Balance * Risk / Contract Size. I.e. 1200 * 0,13 / 10000 = 0.0156. Then rounded to 0.02 lots.

Why are you leaving Alpari? Did you run the EA on real with Alpari?

Rama
  • #403
  • May 27, 2008 6:54am May 27, 2008 6:54am
Quoting Rama
Jasius:
About fixed lots, I don’t know if you understand how to use lots as balance percentage. But I recommend make your math on a spreadsheet before, to check how much draw down your settings could resist before margin call.

Your initial lot size depends on your strategic money management. This include all the pairs you are trading simultaneously. I use the EA on 5 pairs. So I must leave free balance to let the other EAs get closed.

On this thread is an excel file with some examples can help you.

It sounds nice a lots size set by percentage, but you may do some work too.

About the little “m” IBFX place on their charts on mini accounts, it doesn’t care. EA works fine. In fact, I’m using this broker and account type.

This is the calc done for lot size: Balance * Risk / Contract Size. I.e. 1200 * 0,13 / 10000 = 0.0156. Then rounded to 0.02 lots.

Why are you leaving Alpari? Did you run the EA on real with Alpari?

Rama
I understand MM. All I need is to use real mini account live where I won't rack so much profit but would have much less chance of margin call. Currently I am ~25% a month up. I'd rather have less profit... My question is that somebody had $5 a week. I would like to get that combined with MM feature.

Alpari is not life account. Also I am in US so I want to use US broker (mini) to go life
  • #404
  • May 27, 2008 12:16pm May 27, 2008 12:16pm
3 weeks and 2 days
my account total up 77.23 with -0.23 floating loss

3 pairs mini account starts from 0.01lot 3000 base 32pipstep 34tp
max floating loss: -67USD
max position: 8/9 trades
  • #405
  • May 27, 2008 5:47pm May 27, 2008 5:47pm
Quoting cashfinder
3 weeks and 2 days
my account total up 77.23 with -0.23 floating loss

3 pairs mini account starts from 0.01lot 3000 base 32pipstep 34tp
max floating loss: -67USD
max position: 8/9 trades
which mini broker you use? one pip in my Alpari account GBPUSD is worth $0.1 (0.1 lots). Is that mini?
  • #406
  • May 27, 2008 6:17pm May 27, 2008 6:17pm
Jasius:
Download "presets.zip" file uploaded by Xaron on last april.

They are very good settings for a conservartive trading style on mini accounts.

I'm using IBFX mini account with those settings, with some changes.

Pairs traded: EURJPY, GBPJPY, GBPUSD, USDCHF and USDJPY.

I founded a good setting for NZDUSD but the martingale last too much time.

My actual daily average is 12,77. But this month I added a deposit to reach a 2k balance account.

Rama
  • #407
  • Edited 8:44pm May 27, 2008 8:26pm | Edited 8:44pm
Quoting Rama
Jasius:
Download "presets.zip" file uploaded by Xaron on last april.

They are very good settings for a conservartive trading style on mini accounts.

I'm using IBFX mini account with those settings, with some changes.

Pairs traded: EURJPY, GBPJPY, GBPUSD, USDCHF and USDJPY.

I founded a good setting for NZDUSD but the martingale last too much time.

My actual daily average is 12,77. But this month I added a deposit to reach a 2k balance account.

Rama
I've been trading Xaron's settings for more than a month now. Got $577 in a month, obviously it's not mini account, but I want to go mini and, possibly, live. Can EURJPY and USDCHF be run on the same settings? Do you want to share them for those two pairs?
  • #408
  • Edited 8:45pm May 27, 2008 8:30pm | Edited 8:45pm
Can your EA be back tested for optimization purposes? I tried but optimizer can't load it, must have something to do with dll's
  • #409
  • May 28, 2008 5:15pm May 28, 2008 5:15pm
Quoting jasius
I've been trading Xaron's settings for more than a month now. Got $577 in a month, obviously it's not mini account, but I want to go mini and, possibly, live. Can EURJPY and USDCHF be run on the same settings? Do you want to share them for those two pairs?
Here you are Jasius.
Attached File(s)
File Type: txt eurjpy 30m - ma + bands.txt   3 KB | 479 downloads
File Type: txt usdchf 30m.txt   3 KB | 447 downloads
  • #410
  • May 28, 2008 5:29pm May 28, 2008 5:29pm
Quoting jasius
Can your EA be back tested for optimization purposes? I tried but optimizer can't load it, must have something to do with dll's
Yes, EA can be back tested and optimizated.

Here is a back test on NZD USD optimizated.

Don't trust on MT4 optimization. It's better use a spreadsheet and watch your charts for optimization.

When balance grows before increase initial lot size, I increase FactorLot.

I use to balance margin usage manually, by setting parameters initial lot size and factor lot.

Don't let the EA do all the work all the time.

Just an opinion.

Regards

Rama
Attached File(s)
File Type: zip OptimizationReport.zip   6 KB | 477 downloads
  • #411
  • May 28, 2008 6:09pm May 28, 2008 6:09pm
Quoting Rama
Yes, EA can be back tested and optimizated.

Here is a back test on NZD USD optimizated.

Don't trust on MT4 optimization. It's better use a spreadsheet and watch your charts for optimization.

When balance grows before increase initial lot size, I increase FactorLot.

I use to balance margin usage manually, by setting parameters initial lot size and factor lot.

Don't let the EA do all the work all the time.

Just an opinion.

Regards

Rama
Thanks. I will go with ~5 pairs on mini, instead of racking up 40% a month with three pairs on normal account, as this is dangerous
  • #412
  • May 31, 2008 3:59am May 31, 2008 3:59am
Hi all,

here comes my statement from may. Made about 15%. Would had been more if I hadn't closed 3 positions manually with a small loss (overall -3%). But I wanted to do a save play.

That's now my 3rd month using this EA in my 3,000€ live account and it's doing great. I still await a margin call which will come sooner or later but for now I wouldn't lose anything then, because I've withdrawed enough now.

Regards - Xaron

edit: I've added my detailed statement for the last 3 month. Please not that the pullbacks in the equity curve come from my withdrawals.
Attached File(s)
File Type: zip Statement-0508.zip   8 KB | 428 downloads
File Type: zip DetailedStatement-0308-0508.zip   24 KB | 453 downloads
  • #413
  • May 31, 2008 10:20am May 31, 2008 10:20am
Hi Xaron
would u mind to post ur expert setting n pair u trade.
latest i know that u trade only gbp/jpy, gbp/usd, and usd/jpy
all in 30m chart n use trailing stop, isn'it?

from your statement, there is eur/jpy trade too..
sorry if i'm bothering u

thx
pips
  • #414
  • May 31, 2008 10:28am May 31, 2008 10:28am
My settings are here: http://www.forexfactory.com/showpost...&postcount=306

Still the same from last month. I trade only GBP/USD, GBP/JPY and USD/JPY (30m charts), all with initial size of 0.01 lots. Maybe I tried something different with the EJ, can't remember it, must had happened in march or april, where I did more testing. Might be opened during an accident with another EA.

Regards - Xaron
  • #415
  • May 31, 2008 10:59am May 31, 2008 10:59am
thx for quick answer.
  • #416
  • Edited 12:27pm Jun 1, 2008 11:52am | Edited 12:27pm
Quoting Xaron
My settings are here: http://www.forexfactory.com/showpost...&postcount=306

Still the same from last month. I trade only GBP/USD, GBP/JPY and USD/JPY (30m charts), all with initial size of 0.01 lots. Maybe I tried something different with the EJ, can't remember it, must had happened in march or april, where I did more testing. Might be opened during an accident with another EA.

Regards - Xaron
Xaron,

before I thought you were using mini account, but then you wouldn't have made 15% on 3000 account. Yet, your presets have mini=true enabled. Could you shed some light?

BTW, I got 30% in April using you settings on Alpari. I want to switch to US based broker and was wondering about this mini thing
  • #417
  • Jun 1, 2008 1:17pm Jun 1, 2008 1:17pm
Why not? I use a lot size of 0.01 lot. That's always 1000 units of the base currency. And I have a 3,000€ account which is about $4,500. Maybe that's the difference?

Regards - Xaron
  • #418
  • Jun 1, 2008 1:22pm Jun 1, 2008 1:22pm
Quoting Xaron
Why not? I use a lot size of 0.01 lot. That's always 1000 units of the base currency. And I have a 3,000€ account which is about $4,500. Maybe that's the difference?

Regards - Xaron
Is that mini or not?
  • #419
  • Jun 1, 2008 1:51pm Jun 1, 2008 1:51pm
Quoting jasius
Is that mini or not?
Actually I don't know. 0.01 lots are 1,000 units.

So if I go long in the EUR/USD at 1.5000 and sell at 1.5100 with 0.01 lot I'll win $10.

Regards - Xaron
  • #420
  • Jun 1, 2008 1:53pm Jun 1, 2008 1:53pm
Quoting Xaron
Actually I don't know. 0.01 lots are 1,000 units.

So if I go long in the EUR/USD at 1.5000 and sell at 1.5100 with 0.01 lot I'll win $10.

Regards - Xaron
got it. I assume in alpari it doesn't matter as 0.01 lots are allowed, which is 1/100 lots. on IBFX one has to open mini account. But then I am confused if mini means by default that 1 lot mini=0.01 lot normal account. Yet, we go 0.01 lots on mini, so in fact we are going 0.0001 accounts. BUt I guess that reasoning is worng, mini means only that 0.01 is enabled, as opposed to something like ODL where lowest amount is 0.1
0 traders viewing now