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Martingale Baggio Method

  • #421
  • Jun 1, 2008 5:40pm Jun 1, 2008 5:40pm
Quoting jasius
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
The most important thing is that broker you’ll choose must offer fractions on the full lot.
This means: 0.01, 0.07, 0.12, 0.18, 1.13. If not martingale logic is broken and your account will be blown up.

There are many brokers that minimum lot is 0.01, but they use a step on bigger lots of 0,05 (0.01, 0.05, 0.10, 0.15 … and so on). With them you can't place an order with 0.02, or 1.16 lots.

You can use this EA on standard accounts.

Rama
  • #422
  • Jun 1, 2008 6:00pm Jun 1, 2008 6:00pm
Quoting Rama
The most important thing is that broker you’ll choose must offer fractions on the full lot.
This means: 0.01, 0.07, 0.12, 0.18, 1.13. If not martingale logic is broken and your account will be blown up.

There are many brokers that minimum lot is 0.01, but they use a step on bigger lots of 0,05 (0.01, 0.05, 0.10, 0.15 … and so on). With them you can't place an order with 0.02, or 1.16 lots.

You can use this EA on standard accounts.

Rama
Good point. Obviously, Alpari and IBFX are two of them
  • #423
  • Jun 2, 2008 7:22am Jun 2, 2008 7:22am
Question: why did it open two trades with 0.16 lots at the same time?
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  • #424
  • Jun 2, 2008 7:46am Jun 2, 2008 7:46am
Quoting jasius
Question: why did it open two trades with 0.16 lots at the same time?
Yep. The same had happened to me. Not the first time BTW.

Regards - Xaron
  • #425
  • Jun 2, 2008 9:09am Jun 2, 2008 9:09am
Quoting Xaron
Yep. The same had happened to me. Not the first time BTW.

Regards - Xaron
One more question is, why didn't critical trade mode start on either GBPUSD or USDJPY when 4 trade was taken
  • #426
  • Jun 2, 2008 4:36pm Jun 2, 2008 4:36pm
Quoting jasius
One more question is, why didn't critical trade mode start on either GBPUSD or USDJPY when 4 trade was taken
Because critic trade just disables starting new martingales, it doesn’t close opened ones.

The current opened martingales continue its normal way until they get closed, or trader closes them manually.

Rama
  • #427
  • Jun 2, 2008 4:40pm Jun 2, 2008 4:40pm
Quoting jasius
Question: why did it open two trades with 0.16 lots at the same time?
What does “Comment” says? Or better, what does log file says?

Which number in the martingale did they have?

I’m not having that trouble.

Rama
  • #428
  • Jun 2, 2008 4:40pm Jun 2, 2008 4:40pm
Quoting Rama
Because critic trade just disables starting new martingales, it doesn’t close opened ones.

The current opened martingales continue its normal way until they get closed, or trader closes them manually.

Rama
got it
  • #429
  • Jun 2, 2008 7:17pm Jun 2, 2008 7:17pm
Quoting Rama
What does “Comment” says? Or better, what does log file says?

Which number in the martingale did they have?

I’m not having that trouble.

Rama
There you go
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  • #430
  • Jun 3, 2008 7:41pm Jun 3, 2008 7:41pm
Quoting jasius
There you go
I really don’t understand what happened. What I could see is that Stdlib reloaded at 2008.06.22 02:28:55, exactly the same time the first order was entered.

This library is used by EA to inform the literal name of an error occurred. If the call for an imported function failed the expert stops working. The reload means the EA restarted.

This error happened to me (today for example on GBPJPY), but luckily it never opened two equal orders.

I really don’t know what could happened.

I think to code something to check if the trading buffer is clean before send a new order. But really don't understand what had happened.

Sorry, mean while, don’t leave alone your orders too much time.

If somebody in this forum could explain why a library is reloaded during EA execution, will be helpful.

Regards

Rama
  • #431
  • Edited 12:25pm Jun 16, 2008 12:24pm | Edited 12:25pm
HI all,


Has been completed?, The EA has failed?

Regards

Lordorly

P.D. Agradecimientos para RAMA desarrollo genial y programacion impresionante, resultados algo distintos entre lo publicado y mis pruebas, me gustaria contactar contigo, para mas informacion ¿e-mail?
  • #432
  • Jun 16, 2008 11:20pm Jun 16, 2008 11:20pm
Don't know what you mean? Yes, yesterday was scary, the EA went through all 9 progression levels in the GBP/USD. The DD was about 50% in my account. I decided to close the grid in a pullback and took a loss of about 5% (still 2% up this month). This would not had been necessary again, as the tp level was reached after that...

And yes: The day will come where a margin call will happen. That's not a fault of the EA but of all kind of martingale systems.

Regards - Xaron
  • #433
  • Jun 17, 2008 10:18pm Jun 17, 2008 10:18pm
Quoting Xaron
Don't know what you mean? Yes, yesterday was scary, the EA went through all 9 progression levels in the GBP/USD. The DD was about 50% in my account. I decided to close the grid in a pullback and took a loss of about 5% (still 2% up this month). This would not had been necessary again, as the tp level was reached after that...

And yes: The day will come where a margin call will happen. That's not a fault of the EA but of all kind of martingale systems.

Regards - Xaron
Hopefully you've already made a shitload of pips and withdrawn it already before the inevitable ...
  • #434
  • Jun 17, 2008 11:20pm Jun 17, 2008 11:20pm
Quoting Schminner
Hopefully you've already made a shitload of pips and withdrawn it already before the inevitable ...
I always do. So yes, even with a margin call I would be in the winning zone.

Regards - Xaron
  • #435
  • Jul 1, 2008 2:10am Jul 1, 2008 2:10am
Hi all,

here comes my statement from june. Again this was a very good month. There was once a dangerous situation where I decided to take a loss of 5% to avoid a possible margin call. After all this would not had been necessary again, but it's ok.

In june I made about 8% (including the 5% loss, so it would be around 13-15% without my intervention)

Regards - Xaron
Attached File(s)
File Type: zip statement-0608.zip   7 KB | 443 downloads
  • #436
  • Jul 2, 2008 7:00am Jul 2, 2008 7:00am
Quoting Xaron
Hi all,

here comes my statement from june. Again this was a very good month. There was once a dangerous situation where I decided to take a loss of 5% to avoid a possible margin call. After all this would not had been necessary again, but it's ok.

In june I made about 8% (including the 5% loss, so it would be around 13-15% without my intervention)

Regards - Xaron
Nice Proftis Xaron, congrats!

So, if u continue with manual trades closing bad ones, do u still belive u will get a margin call? Even when u have more than +500 pips free to lose?

I think with EA + manual trading can avoid margin call, just need good manage of maximum open orders..

Regards
Numeral
  • #437
  • Jul 2, 2008 8:32am Jul 2, 2008 8:32am
Quoting Numeral
Nice Proftis Xaron, congrats!

So, if u continue with manual trades closing bad ones, do u still belive u will get a margin call? Even when u have more than +500 pips free to lose?

I think with EA + manual trading can avoid margin call, just need good manage of maximum open orders..

Regards
Numeral
hi all, also finished my first month live trading. 14% up, using MM similar to Xaron. I just didn t close manually the largr martingale series of gpd/usd of june 20.
The profits are quite consistent. The issue seems to be always the same: when will we get margin call, or how to avoid it trying to avoid manual tradind as much as possible.

regards
  • #438
  • Jul 30, 2008 9:26pm Jul 30, 2008 9:26pm
anyone using this live on a US broker? if so which ones?
thanks
  • #439
  • Jul 30, 2008 11:03pm Jul 30, 2008 11:03pm
someone want to explain to me why people say martingale systems fail. i mean we all now that price has to break out have a channel at some point, i mean so much of trading is playing off of s and r levels, and the longer the levels hold the greater the break of that level will be. i am relating this to a ranging market with martingale strategy. if you manage your account, and only risk a low amount of capital at first, and understand a pair, i dont see why you wouldnt be able to produce an easy 10% a month, risking a starting amount of .5/1% per trade. i dont think it is the most profitable strategy by far, but can someone explain to me why its terrible. someone enlighten me please, i read this all over
  • #440
  • Jul 31, 2008 1:09am Jul 31, 2008 1:09am
Quoting samdruss44
someone want to explain to me why people say martingale systems fail. i mean we all now that price has to break out have a channel at some point, i mean so much of trading is playing off of s and r levels, and the longer the levels hold the greater the break of that level will be. i am relating this to a ranging market with martingale strategy. if you manage your account, and only risk a low amount of capital at first, and understand a pair, i dont see why you wouldnt be able to produce an easy 10% a month, risking a starting amount of .5/1% per trade. i dont think it is the most profitable strategy by far, but can someone explain to me why its terrible. someone enlighten me please, i read this all over
I didn't read the entire thread, so please forgive me if something was mentioned here that I'm unaware about. However, I did spend a bunch of time messing around with systems like this one and the main issue with it is that you simply run out of money in your account.

For some reason, it always seems to new traders like this is a very simple thing, you just start out with very low lots and you should be fine. So I just made up a quick table of how quickly the lots double even if you start out with .01:

# Lots
1 0.01
2 0.02
3 0.04
4 0.08
5 0.16
6 0.32
7 0.64
8 1.28
9 2.56
10 5.12
11 10.24
12 20.48
13 40.96
14 81.92
15 163.84
16 327.68
17 655.36
18 1310.72
19 2621.44
20 5242.88

Of course you may say that you will never reach trade #20, but believe me it happens, and even if you don't can you afford trade #10? Probably not, because you just lost 9 trades before this one.

The other problem with these systems is that if you protect yourself really well (say you have enough capital to go up to 20 trades) the profits are so small that it becomes not worth the play. You would probably make more money by simply putting all of that capital into a good savings account. So, what do people end up doing? They end up overleveraging in order to make these profits worth something, so we often see comments like "Made 10% last month, but nearly avoided a Margin Call". All I have to say to that is that the Margin Call is coming, you can trust me on that. Unfortunatelly I'm speaking from my own experience.

Hopefully this will save you some money and a ton of stress. There are much better systems out there. Happy trading.
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