Is This My Holy Grail EA :D

Hey thanks, I am very comfortable with this, follow some basic rules and it works. Since I have started closing all trades almost every day, you can see where I started that around trade 1189 on the last chart, I have not faced the death trade and any losses have been small. It has been a nice steady growth, nothing spectacular, but steady. I am going to start in July using 1000 dollars live and start with .01 and see how it goes. As my account grows I can add to it. This is not a get rich quick trading scheme but the returns are nice for the amount invested.

Hey Bob!

Welcome to 1KT - mattafix

I like EAs when they come with a small relative drawdown and the potential to compound on a stable basis. It seems you have something like that in the making or even in your hands already! Great stamina!

Keeping my fingers crossed for the live account!
Have a nice weekend!

Matt - Gnat

I need to Congrats you, Bob! You have done a great job!

Hope u can find more new usefull stuffs. And sucess with the 1k acc.

I´m with a lot of work here starting trading more money, like you.
Soon we keep in contact.

Best Regards!
Numeral

I noticed I can no longer go back in time with my demo. Does anyone know why? I am with IBFX. I also did not EA trade this week because my wife and I went on vacation and it is also the fourth. Will turn them back on next Monday.

Hey Bob!

IBFX sent out a little message a few days ago, telling the demo clients that they were, in the process of maintanence for their servers, needed to condense all accounts that had more than 200 trades in the last month, to carry a single postition that would mirror all those extra trades.
Well, this is destroying a lot of test data here also and I would think that somehow they should get some professionals to run their servers. It really is annoying!

From now on the history is said to be working again and they apologized in every possible matter, but the data is lost and the message came after the fact, so there was no chance to grab the data and export it.

I hope you had a nice vacation with your wife and happy holiday tomorrow!

Ciao!
Matt

Hey guys, I have been chatting with some guys @ Is this the best MA cross
http://www.forexfactory.com/showthread.php?t=91915

A guy ask the question how do you stop a repaint in an indicator and I played with it and came up with an indicator that warned earlier than the MA cross on the screen so it actually warns you just before or at the MA cross. It is only 3 pages but I also added some other things I played with in the past and all of a sudden I got this very simple but accurate working scalping system. I think it works well but is in its very earliest stages. You may want to take a look at it. Thought you guys might be interested.

I´m already thinking to change to other broker because that! Alpari maybe.

I lost a lot of information, and can´t analyse results.
Maybe have a program to copy all time trades, any one know one that works fine?

Regards
Numeral

I think I have solved the last piece of the puzzle to Martingale trading and completely avoiding the death trade plus being able to trade with small amounts of money on many currencies. I knocked home 345 pips in 24 hours and have another 34+ still on the board. No I did not make a killing because it is pennies but 3.45 cents is not bad LOL (Remember always test in PENNIES) This is how I did it. First I took my martingale and divided them into 2 programs. One is a sell only and the other is a buy only. I then changed the formula from a daily trend following to a 4H trend following using MA. Then I used my 4H trend formula which is combining 2 sto lines with the MACD signal line. Why this works is the sto lines go overbought/oversold too quickly and you get into trades too late or too early. The MACD has always been too slow of an indicator BUT if you mix the two at their cross is a great time to enter. Since you are using a martingale which reenters for you, you dont have to get an accurate entrance, just close. (within 300 pips anyway) So if the 2 sto lines are above the 80 line and close to crossing the GOLD MACD signal line you put the Sell EA on if they are below 20 you put the buy EA on. Your chances of going into a death trade would be almost 0% but there always is a possibility. Any way here is the EUR/AUD trade that netted me 100 pips the first trade and it is now into the second trade with profit.

I included my template in the last post. On this one I include the arrow warning system. I turned the sound off so all it does it paint arrows on your screen and post a message on your screen. This is a 4H chart so the timing on these trades is hours.
1. Reading a 4H chart. The 4H chart lets you see what is happening from week to week. The vertical white dotted lines shows you price action from Sunday night, market open (USA time) until close on Friday afternoon, market close (USA TIME). During a typical week a currency will have all three lines at the bottom or at the top 1-3 times a week. So you are looking at trading each currency 1-3 times. If you trade 15 currencies like I do that means you will have 15-45 trades a week. Enough good trades to make money.
2. The best trade is when all 3 lines are above 80 or below 20 but that will not always happen. Last nights trade the white was over 80 so I put the sell EA on. Since it takes a big move to get the lines to cross on a 4H chart if price kept going up it would not matter because the EA wont enter until price reverses and crosses the MA line. Well price dropped suddenly for some reason and took a 100 pip profit. Then it entered again and retraced some for a 2nd entrance. As long as the red and white lines are below the Gold I am in a downtrend. If they go above the Gold they are in an uptrend.
3. If it doesnt reach 100 pip profit on my EA. I can close any profit I like seeing and turn off the EA until I see my next entrance.
4. So put the SELL EA on when lines are above 80 BUY EA when lines are below 20. For the death trade to kick in price would have to go over 400 pips against you when every indicator is in the overbought/ oversold. That is very very improbable. It would take one heck of a news story to do that or some really weird fundamentals.
5. If you want to wait for an arrow to come on first you can use this indicator. If the buy arrow comes on and you have a sell EA on your screen you may want to consider getting out and cutting your losses.

On the screen two posts ago, I plotted 5 trades in 3 weeks for the EUR/AUD. The Blue lines are buys the Red lines are sells. The last red line is a trade I took 20 hours ago. Actually, I entered 8 hours after that line, it collected 100 pips and reentered a second time for me and that trade is still live.

Here is a EUR/CAD trade I entered. The EA buy is on but it hasnt entered the trade yet. If price goes up it will enter. If it continues going down the EA wont enter until price breaks up. So this is as live as I can get.

Here is an AUD/CAD I am now in.

Total trades I took were 8, only one reentered to 2nd level. 1 trade went the full 100 pips the others I closed because they were in profit and the white or both white and red were on the opposite side of the chart. I have 12 open trades open with the total group 40 pips to the good right now. I will let you now how it goes.

I proved this EA philosophy works with a live demo. Now I will prove it works with live money. Pennies first then nickels then dimes, then ??????.

Hi Bob,

good that you find the solution for death trade.

How about the number of your increase lot?0.01,0.02.0.04,0.08...?

Just now, I read the thread again and your post#332, is it still valid about avoiding death trade by yesterday high and yesterday low stoploss?


For MM for multiples 15 currencies running concurrent, would USD1000 will be enough using Martingale?

at which page number I can download your EA ?

I use tp 100 step 40 multiply 1.5 if you double (2x) you can wipe out your account. The step 40 allows reentry and still make a profit even if you go 20 levels deep. However I only go 8 levels deep so no one trade ends up eating up my entire account. If a currency goes over 8 levels deep I start looking for the cheapest way out of the trade. Here are the math figures for 8 levels.
This is 8 levels x 40 = 320 or almost 400 pip range for the martingale to trade. It is very rare for a currency to go over 400 pips in one day. The total for 2x would be at $2.55 a point at 8 levels using .01 cent a trade.
The 1.5x would be $.76 at .01 a trade at level 8. 1000 dollars would not be enough to trade a penny at 2x but it would be at 1.5x

2x= 1,2,4,8,16,32,64,128 = 255
1.5x=1,2,3,5,8,12,18,27 = 76

One of the biggest mistakes in martingale trading is not enough funds to cover the range or levels so accounts get wiped out. One of the ways to solve this problem is to reenter every 40 and use 1.5x with a tp of 100. Also we have found out that in a days time, only the gbp/usd and the gbp/chf have a chance (less than 1%) of doing this in 1 day. This advice is much sounder money management. I do not recommend 2x money, that is why I call this a modified martingale.

I tried using High and Low and could not make it work. Too many currencies too often would bounce back and forth and you would reenter, stop loss, reenter, stop loss and I couldn't get them to make money. I do not recommend the High Low system.

I recommend two systems I have tested:

1. I heartily recommend turning on at the Jap open and closing after a profit during the day OR take your loss at the end of the day (after US session). Use the 100 TP step 40 1.5 multiply on a daily trend.

2. Or the one I just posted where you use the 100 tp step 40 1.5x on a 4 H chart that I just posted. Those are the two systems that work and have shown they avoid the death trade. Now whether you can try other TP and steps with this newer system, I have not tested. I recommend what I have tested live over 5 months successfully.

With 1000 dollars start with .01 and you maybe able to go as high as .03 or .04 on 15 currencies. I feel safe with .10 on 3000. It is the total basket of currencies that make this work. If you try one currency it may take days to recover a losing day but with a basket of currencies you can cover a losing trade that day or within 2 days. If one currency goes into a death trade the loss is not that big because you are trading such a small amount and the other currencies may cover it. Some days some currencies make nothing or lose a little but with 15 currencies you get to catch any big move that day. Trading .02 cents a day you can get around .003-.005% increase of your account or 1% average every 2-4 days on 1000 dollars. Slow but steady. My live demo doubled in just over 2 months.

I WARN PEOPLE, IF YOU GO FOR THE BIG KILL YOU WILL WIPE OUT YOUR ACCOUNT. IF YOU GO FOR THE SLOW STEADY INCREASE YOU CAN MAKE DECENT MONEY OVER THE LONG HAUL. THAT IS MY POSITION AND THE CONCLUSION OF MY TESTING. WHEN EVER I PUSHED THE MODIFIED MARTINGALE (or any martingale system) TO ITS LIMITS OF MY ACCOUNT, IT WAS TROUBLE. IF I STAYED WITHIN SIMPLE PARAMETERS IT WAS A STEADY MONEY MAKER. .01 TRADING MAY SEEM SIMPLE AND STUPID TO SOME PEOPLE BUT IF YOU INCREASE YOUR ACCOUNT 1% EVERY COUPLE OF DAYS IT ADDS UP. Despite what people think of MM, you still need to use sound money mangement and thats what keeps this out of trouble.

You're letting a computer trade for you ? is this your holy grail?.... NO

Haven't read the whole thread - just basing this post on the title - please correct me if I'm wrong.... but if you are just letting the computer trade for you this is bullshit in my opinion - please excuse my language

It's something I feel stongly about... The old school traders used to keep it real - they'd have to draw there charts by hand.

I just think EA's are so damb lazy and half arsed it makes me sick to think anybody would want to turn this wonderful opportunity we're previlaged to be a part of into some sort of automated free for all.

The laws of nature could never let you eat such a free lunch.

Would love to hear any rebuttles!!!

I have not posted my EA. I took Azaams and changed his sto system to a daily trend MA system. I promised him I would not post his EA with changes without his permission because it is his. If he ever gives me permission to do so I would. I have given details on how to do this so if you can program or someone can program for you the changes I recommend the information is free. It is my information for MA EA but I do not own any rights to a MA EA. If someone has a martingale system EA that follows a MA that is free and open on the market I would adjust it and post it. Sorry. I am not sure what I can or cannot do with a copyrighted posted EA.

I may go back to Azaam's EA and since he posted it for public use I may change the numbers in it to see if it works with the 4H system. Then I could give you the numbers because he posted the sto EA.

Then again this may all be stupid logic. I dont know. He publically posted the EA so we maybe free to post any changes we make with it. I dont know. Maybe the moderator can give us a ruling on this point.

Your joking, right. You would rather be riding a horse than a car with computer equipment in it. You would rather wash your clothes by hand than use a computerized washer. You want to use a fire to cook your food rather than a microwave or a modern oven, etc. etc. etc. You used a computer to trade from your house instead of the old fashion way of calling a pit boss. Computers handle your trade over the internet automatically so the average person can trade stocks, bonds, futures, forex, etc. without ever touching human hands. You buy things over the internet with your computer instead of going to the store. I mean really, you used an automated computer system to make this post instead of writing a letter to an editor. Your post was funny. HA HA HA

No I'm not joking if you think you can just set and forget a system and you will make mega $$$ by your computer placing trades for you you're a fool!

NO such thing as a free luch mate and trading manually YES WITH COMPUTERS is as free as it should be IMO.

Hmm I think I might be an artist... Hey I know a great sofware program that will paint me the next mona lisa... AWESOME

LAME

Yes by your comments you did not read the posts. We have been working on this for hmmmmmmmm over 6 months as a group and over a year and half myself. You also will read how I explain how to monitor the EA to keep from taking big losses. You still have to know Forex basics to use this system. Here are my conclusions and you should have read them before posting just a knee jerk response.

I WARN PEOPLE, IF YOU GO FOR THE BIG KILL YOU WILL WIPE OUT YOUR ACCOUNT. IF YOU GO FOR THE SLOW STEADY INCREASE YOU CAN MAKE DECENT MONEY OVER THE LONG HAUL. THAT IS MY POSITION AND THE CONCLUSION OF MY TESTING.

Again, you use a computer to make your trades and then you say it is BS........ get real.