FXTradepro: Strategy using a “Semi-Martingale” Position Sizing | Page 32 | Forex Factory

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FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

  • #621
  • Mar 23, 2009 12:52pm Mar 23, 2009 12:52pm
Did I miss the section in this thread where you guys talk about the spread? If you buy at 1.3000 with a TP at 1.3040 and SL at 1.2990, when price goes down to 1.2990, depending on if you use the bid or the ask, the buy order will close at 1.2990 and the sell order will trigger at 1.2988, or the sell order will trigger at 1.2990 at which point the buy order will terminate at 1.2992. The problem there is if price goes back up, it's going up on a sell order, but price never even touched 1.2990 so you should not even be short right now.

I don't see how you won't lose 2 pips on every "leg" of this system.

(Assuming EURUSD with 2 pips spread)
  • #622
  • Apr 27, 2009 9:46pm Apr 27, 2009 9:46pm
Quoting metalhead
Did I miss the section in this thread where you guys talk about the spread?...
Bump for answer to this question?
  • #623
  • May 3, 2009 2:40am May 3, 2009 2:40am
Quoting metalhead
Bump for answer to this question?
bump for answer to that question
  • #624
  • May 3, 2009 11:56pm May 3, 2009 11:56pm
Quoting metalhead
Did I miss the section in this thread where you guys talk about the spread?...
You are a bit confused.

If you are currently LONG @ 1.3000 and the BID price goes down to your STOP LOSS level of 1.2990, your STOP LOSS order will be executed @ 1.2990 and your new SHORT position will be executed at the same BID price of 1.2990.

There is no loss on the trade due to the spread.
  • #625
  • May 5, 2009 1:15am May 5, 2009 1:15am
Quoting SmoothTrader
You are a bit confused.

If you are currently LONG @ 1.3000 and the BID price goes down to your STOP LOSS level of 1.2990, your STOP LOSS order will be executed @ 1.2990 and your new SHORT position will be executed at the same BID price of 1.2990.

There is no loss on the trade due to the spread.
Thanks for the reply.

You're right. I don't know why I didn't realize that there's no loss on the spread until I read your reply. Each time you're just buying or selling more than the previous time. I think I was confusing it in my head with a similar strategy that involves simultaneous buying and selling and DOES have a loss on the spread at each leg.

Thanks for pointing out my error.
  • #626
  • May 8, 2009 1:50am May 8, 2009 1:50am
Hi, can I ask you, what was your maximum open possition? I mean, which level in tab did you achieve?
  • #627
  • May 14, 2009 10:04pm May 14, 2009 10:04pm
Quoting FXTradepro
Right now I am playing with a set-up that does not exceed the 7th Level in the progression, win or lose. I am using a much wider SL & TP than the original concept and my risk of blowing an Account is diminished. This set-up enables me to Trade with a much smaller Account size and provides much larger Profits per Sequence of Trades. This means that I need to win 3 out of 4 Sequence of Trades to remain profitable. If anyone is interested in that idea please PM or email me.
I'm interested in this if you still check this thread ever
  • #628
  • May 15, 2009 9:19am May 15, 2009 9:19am
For all intents and purposes, this strategy was devised during the times when EURUSD seldom move more than 60 pips a day thus the TP of 40 pips and SL of just 10. Nowaways, we commonly see 150pips daily range; having 40 and 10 will be both too conservative (for the 40 pips TP) and too aggressive (for the 10 pips SL). It should be increased for today's condition.
  • #629
  • May 21, 2009 4:17pm May 21, 2009 4:17pm
I was running some simulations with a variation of this strategy on futures. It gets super expensive very quickly.

One poster said they did it with the YM... I'm curious how because if you start with 1 contract (the lowest possible), at level 10 you will be buying 20 contracts and at level 20 you will be buying 263 contracts (and 655 at level 24).
  • #630
  • Jun 1, 2009 3:21pm Jun 1, 2009 3:21pm
bump for discussion of this strategy in the futures market
  • #631
  • Aug 13, 2009 3:13pm Aug 13, 2009 3:13pm
this is a crap system, i tell this so that new comers don't waste time here.

this system can be successful, but key is not this dumb martingale of 20+ steps.

key is to fine-tune EVERY entry. use a technical indicator/filter to determine next entry's direction. and if 4 or 5 steps still losing, stop it. and 1 lose kills many wins.

one cannot just stop and reverse, one can easily stop and reverse to implosion.

dumb system, again.
  • #632
  • Sep 1, 2009 10:11pm Sep 1, 2009 10:11pm
I wanna know what happened to the "Lucky 7" sequence of trades?

We have gone from a Lucky Seven to a Lucky 24?!


I'm laughing so hard it hurts


Better yet it can be yours for $19.95 a month
  • #633
  • Sep 4, 2009 12:50pm Sep 4, 2009 12:50pm
With Labor Day coming up this weekend I've spent the last couple of weeks reading and catching up on the different forums. A lot of traders are whining about ea's not doing well and they're all upset. Well, duh, try taking the summer off like the big boys do and you won't have ea trading issues and losses. I'll get back to trading a week from Tuesday and the ea's I use will be performing with profits until next summer starts.

So, if you guys can't think of any ways to fix the low summer volatility, then crawl back in your holes and stop biting the hand that feeds you.
  • #634
  • Sep 4, 2009 1:13pm Sep 4, 2009 1:13pm
I used a similar technique with the rulette...it works because it's a smoother martingale (it's not doubling lots every time)..

Yes...virtually it works and perhaps markets are a little bit more predictable then a roulette...the only advice that i want to give is:

1. To trade this you need a very big capital (you will never know when you will have a gain)...with a big capital you will win in the long run...

2. You need a "heart of stone" when you have to trade 65 lots (not if you have a 1.000K capital )

3. If you want to trade this...NEVER change the martingale sequence

Just my opinion
Market is like a puzzle, YOU have to fit the pieces!!
  • #635
  • Sep 4, 2009 5:19pm Sep 4, 2009 5:19pm
What is your technique that you use ?


Quoting Chris_B
I used a similar technique with the rulette...it works because it's a smoother martingale (it's not doubling lots every time)..

Yes...virtually it works and perhaps markets are a little bit more predictable then a roulette...the only advice that i want to give is:

1. To trade this you need a very big capital (you will never know when you will have a gain)...with a big capital you will win in the long run...

2. You need a "heart of stone" when you have to trade 65 lots (not if you have a 1.000K capital )

3. If you...
  • #636
  • Sep 8, 2009 6:50pm Sep 8, 2009 6:50pm
Has anyone tested this system ? I found an other indicator in a differant thread
Attached File(s)
File Type: ex4 FXTradepro .ex4   22 KB | 1,640 downloads
  • #637
  • Sep 9, 2009 5:36am Sep 9, 2009 5:36am
hi
i appreciate if someone who have system calculator in post #116 send it to my email

[email protected]

i couldn`t download it and it gives some error but may someone have it in his computer.

regards
shahram
  • #638
  • Sep 9, 2009 7:51am Sep 9, 2009 7:51am
Here it is attached, I opened it and closed it attached here so maybe that will help

Quoting shahram261
hi
i appreciate if someone who have system calculator in post #116 send it to my email

[email protected]

i couldn`t download it and it gives some error but may someone have it in his computer.

regards
shahram
Attached File(s)
File Type: xls FXTradepro Manager Calculator.xls   102 KB | 1,940 downloads
  • #639
  • Nov 21, 2009 12:18pm Nov 21, 2009 12:18pm
Quoting Haystack
The ideas and methods being discussed in this thread have helped me advance one of my own systems much faster than I could have without it. While working on my own system, I've used the method laid out here and made many adjustments, like changing the progression so that it carries less risk and extends past 24 levels, doing a lot of research and math to determine which pairs suit the method, and optimizing the stop loss and take profit for those pairs that I've found are best suited for it. (A word of advice... Dan's method will not work for just...
Hy Haystack,
I found this thread recently and I found it very interesting but I agree with you that the original progression is too risky. Could you please share with me your own progression that you said that diminish the risk?
Thanks before hand.
  • #640
  • Dec 15, 2009 7:25am Dec 15, 2009 7:25am
anybody has working this EA??? i downloaded this and is expired
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