Is This My Holy Grail EA :D

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Ok you cannot trade 1.00 lots with this system. That is not enough money, you will get killed. I had a friend do that and it cleaned out his account in 12 hours. LOL. .10 is really pushing it. I have done .10 successfully but I didnt start until 4000 dollars. As long as I closed my trades everyday at some profit level or took my occasional loss I had no problems trading at .10. However I will start at .02 and then move up. I know at .02 it will not strain the account. .05 would be comfortable and .10 would be risky under certain extreme conditions, however if you close everyday and dont let a loser get away from you I suppose it would work. Set up a demo and play with it. Try to see where and how it can break an account. Once you see one you then can go back and say AAAAAAaaaaaaaaaHHHHh this is the limit. I know I can go here and then I have to bail out. When you know that point your ready.

Quoting nanningbob

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All the settings within the program work except anything that has to do with the Sto settings. I have changed the program to work according to an MA cross. Other than that you can try different things like the take profit, times, distance from each entrance, pip size, lot size, etc.

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Quoting jnevins

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How can I change the settings to work as a MA cross then? Sorry to be dense about this...

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Quoting jnevins

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In re-reading you message I found the answer... the EA has already been modified to not work with stochastics... it trades from a MA cross and one can experiment with different parameters such as lot size, TP, etc.

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Quoting nanningbob

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If you want to change the MA cross and time frames you would have to know programming. If you want to do that let me know. The original EA that I am using is posted around pages 10-12 if you want to play with it. That is the original STo EA

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Quoting Romano

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At the moment your system works very well.
At the end of the week I placed the results of my demo.
thanks and greetings
Romano

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Quoting nanningbob

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If you want to change the MA cross and time frames you would have to know programming. If you want to do that let me know. The original EA that I am using is posted around pages 10-12 if you want to play with it. That is the original STo EA

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Quoting Romano

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a question: if your EA put into an account in which there are positions open, your system also manages the existing positions or only those which opens him?
thank you
Romano

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Quoting PistolDave

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Hi Bob,

Again I have some questions for you about your trading system:

Is the stoch_power_EAshare that is posted on page 12 the same EA as the EA's that you have in your MM_EA.zip file you have posted in post #542 ? (The zip file that had your templates and ea's in it)

Yes it is the same EA but I have changed mine to work with MA crosses instead of Stochastics, so they work differently. For instance if you ever come across a 10.3 martingale, it is based on MACD, Azaams EA was based on Sto. I took his Sto and changed it to a MA cross. So those are the different types of martingale systems.

If so, what did you modify in it to end up with the the tp 100 +40 D1.5.ex4 and tp 50 +40 D1.8.ex4 EA's in the zip file?

I changed the sto to MA in the buy/sell section near the bottom of the coding. Everything else is the same.

Or are these totally different EA's than the stoch_power_EAshare EA?

Nope they are the same except for the exception listed above.

Also, please explain the logic behind your EA's if you don't mind. I'm not even sure what the difference is exactly, between the two EAs you have here.

My testing showed that using a sto as your foundation had a fundamental problem. Sto has a tendency to go to overbought/oversold too quickly. You reverse direction with the trade but the move is not finished. Also when long runs happen, like we found out with my 4H experiment you are trying to fight the trend. Following a 1D MA cross solves most of those problems. The 10.3 was based on MACD but it was too slow in changing directions, I feel the sto is too quick in changing directions. So I use a MA cross. That is the foundational logic difference between the various martingale systems.

For example, when I put it on a chart it places an initial buy order if the daily trend in that pair is up -- by checking the positions of two moving averages? Is that right? Then if price moves against the position by a certain amount it opens another buy order, and on and on. Then it starts closing the positions as the price continues on its trend. Correct?

Yes it will keep taking profit every 100 pips (100/40) or every 50 pips (50/40) and stay with the trend until it changes direction. Retracements will add a couple of extra levels to take profit with. Whenever you have a change of direction, that takes 12 hours to 3-4 days you have a battle between the bears and the bulls and there is a retrace that takes profit and then it switches to the new direction. If you dont get that retrace after it switches direction, that is when you are facing a possible death trade.

And there is more to it than that, isn't there?

NO not really. It is actually very simple. I call it modified martingale, manual traders calling it phasing. You cant get the perfect entrance everytime so you add positions until you do get the right entrance. Some fundamental traders know there will be a change of direction in currency but they dont know when, so they will enter the market, if it goes against them, they will enter again with bigger lots. If it goes against them again they will enter again until price goes in their direction. It is a different way to trade, similar to MM but not the same. I have kind of adapted that to a martingale system. The biggest frustration of trading is getting the entrance right. You enter, it backs up on you. The common philosophy is to put a stop loss and reenter again. Instead of stop losses we use small number of lots and increase our position because it is guaranteed price will retrace. I feel the odds of a retracement within 400 pips is almost a certainty but it is not guaranteed. I find the odds are greatly in my favor of a retracement in 400 pips better than trying to get the right entrance with a 20-40 stop loss. I find success very high if I follow the daily trend. All I have to do now is monitor the thing and avoid the death trade. Those rare times when price does not retrace with the 400 pip range of my EA. I like my odds over regular trading philosophy.

I'm sorry to ask this type of question, and if it has already been explained how these two EAs work then let me know and I will search the thread again for the answers. I just need to fully understand what each EA is doing at all times to be confident in trading with them.

I'll be honest with you, Bob. I don't know if I would call this the "holy grail" or not -- but from what I have seen so far I'm sure you have a very impressive trading system here and I want to learn it inside and out. With your assistance of course.

Thank you, this system is nothing more than putting the odds in your favor. My study on maximum ranges of a currency in one day showed me that currencies very rarely go beyond 3-400 pips a day. Some never do and most maybe once every year or two. Even when they do there is usually a retrace in the move so you get out of a troublesome trade. It takes more than one day to develop the death trade so if I close almost every day, I wont face it. It doesnt mean I make money every day but most days this system will profit. As long as I dont get greedy and I am happy with incremental profits every day it will add up over time. Trading is patience and it took me almost 2 years to realize that. Now I hope to help others learn the same thing. My only frustration is I wont be winning any contests with this. If I try I am pushing the EA too hard and I get into trouble.

Another question: In the zip file you only included the .exe files for the EA's. Is there any chance of you posting the .mq4 files for the EA's or did you only intend to share the .exe's ?

I am reluctant to post the Executable files because I have had too many people just take it, increase the risk and wipe out their accounts. I think I have tested about every conceivable way this can be done and this is what works. I also want to prevent someone from taking it and trying to sell it. However, anyone who understands could rewrite it and sell it anyway. If you can program and understand it Azaams is available and you can play with his. Like I said the only difference is I changed the sto to MA.

Did you program them?

Azaam took an existing program and modified it. I took his and modified it. So its been around.

Sorry for asking so many questions. You have already been very helpful and generous for sharing your system and I am in your debt already.

I have traded this system for two days (I know it's very short time) but I have made $122 Monday and $190 Tuesday using the tp 50 +40 D1.8.ex4 with a $3000 demo account, and using the settings that you had in them when I downloaded them from you.

Sheesh the student is doing better than the teacher

Very, very exciting!

You have my undivided attention teacher!

I want to learn as much as I can about your system as you are willing to share with me. I will also help you test it, or assist in any way I can to get the best results possible.

Thank you again,
PD

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Quoting PistolDave

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Hi Bob,

Again I have some questions for you about your trading system:

Is the stoch_power_EAshare that is posted on page 12 the same EA as the EA's that you have in your MM_EA.zip file you have posted in post #542 ? (The zip file that had your templates and ea's in it)

If so, what did you modify in it to end up with the the tp 100 +40 D1.5.ex4 and tp 50 +40 D1.8.ex4 EA's in the zip file?

Or are these totally different EA's than the stoch_power_EAshare EA?

Also, please explain the logic behind your EA's if you don't mind. I'm not even sure what the difference is exactly, between the two EAs you have here.

For example, when I put it on a chart it places an initial buy order if the daily trend in that pair is up -- by checking the positions of two moving averages? Is that right? Then if price moves against the position by a certain amount it opens another buy order, and on and on. Then it starts closing the positions as the price continues on its trend. Correct?

And there is more to it than that, isn't there?

I'm sorry to ask this type of question, and if it has already been explained how these two EAs work then let me know and I will search the thread again for the answers. I just need to fully understand what each EA is doing at all times to be confident in trading with them.

I'll be honest with you, Bob. I don't know if I would call this the "holy grail" or not -- but from what I have seen so far I'm sure you have a very impressive trading system here and I want to learn it inside and out. With your assistance of course.

Another question: In the zip file you only included the .exe files for the EA's. Is there any chance of you posting the .mq4 files for the EA's or did you only intend to share the .exe's ?

Did you program them?

Sorry for asking so many questions. You have already been very helpful and generous for sharing your system and I am in your debt already.

I have traded this system for two days (I know it's very short time) but I have made $122 Monday and $190 Tuesday using the tp 50 +40 D1.8.ex4 with a $3000 demo account, and using the settings that you had in them when I downloaded them from you.

Very, very exciting!

You have my undivided attention teacher!

I want to learn as much as I can about your system as you are willing to share with me. I will also help you test it, or assist in any way I can to get the best results possible.

Thank you again,
PD

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Quoting jnevins

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Hi all... I have placed the 100+40 1.5 EA on all 20 pairs (excluding the Peso) currently available on my FXDD demo. The account is up a bit over $2,500 in about 24 hrs. I set the base lot to amount to .1 rather than .01 and the starting balance was 100k. This is amazing to watch as the computer manages all of those trades at once.... maximum draw down of the acct. is 2% so far... Maximum # of levels reached was 5... interesting and scary to watch!

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Quoting Romano

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You write: "I have traded this system for two days (I know it's very short time) but I have made $122 Monday and $190 Tuesday using the tp 50 +40 D1.8.ex4 with a $3000 demo account, and using the settings that you had in them when I downloaded them from you."
a question:
which pairs you used?
thank you
Romano

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