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Martingale EA Discussion

  • #1
  • First Post: Sep 26, 2009 12:28pm Sep 26, 2009 12:28pm
Anyone still tested any martingale EA? Demo or Live.

Interested to have a compilation of all type of martingale strategy.

I think the main problem for normal martingale EA is when death trade coming(reverse trending). except for type 3 below.

I try to list all sort of martingale type here.

1) Alexanjendro EA, I think this is a classic martingale EA I first seen.
Good EA coding strategy with normal double lots.
Entry base on MACD.
Problem is death trade come to soon before the account get double.

2) Many variations from original no.1 but with different entry base
example based on MA, EMA, Stoch, etc.
I think many more variations till now.
may be Nanning Bob EA is this kind of EA.
Still facing death trade but not sure Bob had come out with many creative ideas to avoid it. Perhaps Bob or any follower can give some comment or link to this thread.

3) FxTraderPro had come out with an interesting martingale type.
And as I remember, Tdion or someone here had also about the same idea.
Buy and sell with lots double up till trend break and hit TP of any one side and closeAll with profit.
It is claim to be profitable by FxTradePro but the entry based are not disclose. Some tested with many entry type but mc.
Seems profitable but this kind of martingale problem when it is too long in sideways market, mc!

4) BurgerKing had shown his develop martingale EA too. Quite interesting results but not sure does it sustain?

Those who still had interest in martingale strategy, pls share your comment/results or link to this thread.
  • #2
  • Sep 26, 2009 2:35pm Sep 26, 2009 2:35pm
hey akukaya..... strange coincidence eariler today i mentioned,
//---
double martingale = -AccountBalance();
//----

unfortunately, my interest in martingales will still be alive long after they have killed my accounts......h
to trade and code, keep both simple... no call to impress....h
  • #3
  • Sep 27, 2009 2:47am Sep 27, 2009 2:47am
Nanning Bob has few techniques trading this strategy successfully and you can refer to his thread in the Trading System section. Refinement of his system is ongoing process and you can also provide inputs and ideas.
"Put all your efforts in becoming effortless"
  • #4
  • Sep 27, 2009 10:53pm Sep 27, 2009 10:53pm
Quoting hayseed
hey akukaya..... strange coincidence eariler today i mentioned,
//---
double martingale = -AccountBalance();
//----

unfortunately, my interest in martingales will still be alive long after they have killed my accounts......h
PHP Code
static int Martingale;
 
for(int a=0;a<1000;a++)
{
 AccountBalance=(Martingale*a);
 AccountBalance=MathAbs(Martingale)*-1;
}
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #5
  • Sep 28, 2010 9:10am Sep 28, 2010 9:10am
Respected IamThat,

Can you help for reduce the risk of martingale EA,
Please can you update as per below example,


can you reduce the risk,
if this EA enter martingale lot size , ( 0.01, 0.02, 0.04, ...), Can you have update the individual trade take profit ( TP), because...



Please can you update this method, I will check in alpari, fxcm, FXPro


Trading time alpari: 23 to 5

Example: UK alpari broker live trading ticks price

0.01 lot EURUSD has buy price 1.34630, indidual TP: 1.34645
and
0.01 lot sell price : 1.34624, individual TP: 1.34609
pip step : 40 micro pip ( 5 digit broker)

if price move down

0.02 lot buy price: 1.34595, TP: 1.34610,
now 0.01 sell lot has reach the TP: 1.34609

if market move down
0.01 sell lot price: 1.34598, individual TP: 1.34583

if market move down

0.01 sell lot has reached, TP: 1.34583
then another sell
0.01 sell lot price: 1.34270, Individual TP: 1.34555

Price is move up, now

so now sell 0.02 lot
0.02 lot sell price: 1.34613, individual TP: 1.34598

price move up
0.02 lot buy has reach the profit, TP: 1.34610

price has another move up
0.01 lot buy has reach TP: 1.34645
and now
0.04 lot sell price: 134646, individual TP: 1.34631


I have attached on martingale EA
buy and sell
adjustable & individual Take profit pip
Adjustable Pip step
Number of step
Trade able time
equity percentage stop

bye
ajentha
Attached File(s)
File Type: mq4 IF-star.mq4   38 KB | 1,332 downloads
  • #6
  • Oct 3, 2010 4:24am Oct 3, 2010 4:24am
Martingale ea works well with a good trading system,although it will not make you that millions you are expecting overnight. but consistensy is the secret of the trade.my martingale makes steady profit for eleven months testing,the result is attached.
Get a good trading system that can make PIPS in both swinging and trending market ,maximize it with martingale then you are a step closer steady monthly profit.
Attached Image (click to enlarge)
Click to Enlarge Name: KALASH.gif Size: 9 KB
Attached File(s)
File Type: zip KALASH.zip   9 KB | 1,655 downloads
  • #7
  • Oct 4, 2010 12:10am Oct 4, 2010 12:10am
Quoting sodipo2000
.........my martingale makes steady profit for eleven months testing,the result is attached.................
Attached Image (click to enlarge)
Click to Enlarge Name: HOLY GRAIL TESTING.jpg Size: 8 KB

100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #8
  • Oct 4, 2010 1:01am Oct 4, 2010 1:01am
Blessings is a popular martingale ea. You can find it at:

http://www.forex-tsd.com/martingale-...ssing-3-a.html

It still suffers from the fact that it can kill your account easily...
  • #9
  • Oct 4, 2010 3:24pm Oct 4, 2010 3:24pm
Quoting sodipo2000
Martingale ea works well with a good trading system,although it will not make you that millions you are expecting overnight. but consistensy is the secret of the trade.my martingale makes steady profit for eleven months testing,the result is attached.
Get a good trading system that can make PIPS in both swinging and trending market ,maximize it with martingale then you are a step closer steady monthly profit.
Hi Sodipo2000

Can you help me recommend a good trading system that works well in Trending and Swinging markets.
  • #10
  • Oct 5, 2010 5:58am Oct 5, 2010 5:58am
Hello Forexzak, trading system is not a one size fit all thing. I will not share mine on a public forum pm me for more info.
  • #11
  • Oct 8, 2010 8:30am Oct 8, 2010 8:30am
Quoting sodipo2000
Martingale ea works well with a good trading system,although it will not make you that millions you are expecting overnight. but consistensy is the secret of the trade.my martingale makes steady profit for eleven months testing,the result is attached.
Get a good trading system that can make PIPS in both swinging and trending market ,maximize it with martingale then you are a step closer steady monthly profit.
Hello friend,

You have an awesome results with your martingale.I would like to check that too.Could you upload that here...
  • #12
  • Oct 13, 2010 6:36pm Oct 13, 2010 6:36pm
It is possible to make very good profits with a Martingale EA. This link may be helpful for those interested.

http://www.forexfactory.com/showthread.php?t=235750
  • #13
  • Nov 6, 2010 12:50am Nov 6, 2010 12:50am
Just having fun testing the ea with different parameters, i descovered some crazy settings which brings in over 100% roi in a month. i am not sure if anyone trades like this but this proves my trading philosophy.
i will update the forward test result when it is ready.
MARTINGALE WORKS BEST WHEN USED TO OPTIMIZE A GOOD TRADING SYSTEM SEE THE ATTACHED FILES.
Attached File(s)
File Type: zip TEST EA.zip   144 KB | 1,176 downloads
  • #14
  • Nov 10, 2010 6:12am Nov 10, 2010 6:12am
Hi to all.

I have tested some strategy for a while and I am quite satisfied. This is a simple martingale system which opens a position when RSI is greater then 80 or less than 20 with TP=10 pips. But if the market price goes to the opposite direction for 10 pips, then I open another position in the same direction as the first one.

For example:
RSI<20 and Price=1.4150
1. Buy 0.01 @1.4150 TP 1.4160
If Price goes down for 10 pips then
2. Buy 0.02 @1.4140 TP 1.4150 and modify the first TP also at 1.4150
If Price goes down for another 10 pips then
3. Buy 0.04 @1.4130 TP 1.4140 and modify previous TPs at 1.4140

and so on

The same thing is when RSI>80 but with Sell instead Buy

Can someone help me to make EA?
  • #15
  • Feb 18, 2011 12:37pm Feb 18, 2011 12:37pm
martingale strategies work really good IF you can control de risk vs reward.

As an example, if you have the probability to lose all your money but that should happen once 1450 years, so go ahead and do the martingale, but if you have the probability to losse all your money in 2 years, then just don do the martingale.

I have the martingale implemented in an EA i writen that losses only 4 trades and wins 40, so the probability of losing two trades is not that high. All 44 trades are from 2001 to 2011 and can get in backtest an account from 10k to 120k in ten years.

The problem is that i still work in that EA because i cant wait 10 years... i need something that opens more trades, 44 in 10 years in too little for my starting money ($1000)
  • #16
  • Feb 18, 2011 4:53pm Feb 18, 2011 4:53pm
Quoting trucheitor
martingale strategies work really good IF you can control de risk vs reward.

As an example, if you have the probability to lose all your money but that should happen once 1450 years, so go ahead and do the martingale, but if you have the probability to losse all your money in 2 years, then just don do the martingale.

I have the martingale implemented in an EA i writen that losses only 4 trades and wins 40, so the probability of losing two trades is not that high. All 44 trades are from 2001 to 2011 and can get in backtest an account from 10k...

Martingale has a very high win rate. Way higher in Forex than calculated from coin toss permutations. But trading with martingale has a hidden pitfall not easily noticed until too late.

When you start the progression your first trade is with 0.01 lots. At this time you have $1000 in your account and are only staking $10 for margin. This is just 1% of your equity. Recommended, ideal, obvious... But notice something:

By 6th entry in the progression you have already used up $310 for margin alone. So you have $690 available margin. Your 6th entry requires $320 for margin alone. You are now staking (or forced to stake 46% of your entire margin at a time when you have only $690 available) . We have not even added the losses proper which should be subtracted before this calculation.

Even if you have only lost $100 during all of this time, your total available margin is now $270 and you cannot place the next trade . With higher actual losses you won't even be able to place this sixth trade due to insufficient margin! If your broker's margin call policy is 20% of margin your account blows up before you finish the underlying maths.

In Summary, the problem with martingale is not with the actual loss but with margin requirement. You are not able to place trades long before actual loss is meaningful. You are just a sitting duck -waiting, praying sweating... but not trading.

King.
  • #17
  • Feb 19, 2011 6:09am Feb 19, 2011 6:09am
Good, seems some still test theirs martingale system...

To me, although martingale system may seem dangerous to some, but it is still fun to test and can build a lot of creative ideas on your way to find solution for death trade avoidance.

I dont think one need very big account to test and the risk for real account test should be low.
if the test enough using USD300 as started, I see a potential is there.

My opinion, if the return of any martingale system had potential to double the account in the fast rate, it is a good try.

Have a look on my latest idea of unique martingale system:

http://www.myfxbook.com/members/akuk...kaya2011/87361

current test are using moderate risk with potential daily gain 20% to 40%,wow..(if no blow account within a week, one should already double the account .

the same system with very conservative mode can easily gain ~2% daily without blowing the account for long run.
  • #18
  • Feb 20, 2011 7:17am Feb 20, 2011 7:17am
Hi Akukaya!

Will you share your strategy with us? i am a programmer who also can also start with a few hundred dollars, so i need a martingale system to double fast or blow account.

I am testing the original EA posted here, you can use it without risk if you have $10000 in your account (not my case) and you use get $5 per day setting... you get more than $2000 a year with low risk (but i changed the code a bit to include lots calculated over account size)
  • #19
  • Feb 20, 2011 7:20am Feb 20, 2011 7:20am
Quoting kingsurfer
Martingale has a very high win rate. Way higher in Forex than calculated from coin toss permutations. But trading with martingale has a hidden pitfall not easily noticed until too late.

When you start the progression your first trade is with 0.01 lots. At this time you have $1000 in your account and are only staking $10 for margin. This is just 1% of your equity. Recommended, ideal, obvious... But notice something:

By 6th entry in the progression you have already used up $310 for margin alone. So you have $690 available margin. Your...

Yes i agree BUT if you test the original EA posted here from 2001 to 2011 with starting lots 0.01 and starting capital $10000 you will notice that you have low probability to blow your account (i doesnt happen in ten years) but you can get a 20% per year.
  • #20
  • Feb 20, 2011 12:51pm Feb 20, 2011 12:51pm
I was using a counter trending Martingale EA for many months, until fairly recently. After taking a couple of big losses that went beyond Level 7, I lost my enthusiasm for the principle. The more pairs you trade; the more money you will make. However, the more pairs you trade, the greater the chance that one of them will turn around and bite you.

I still believe that such a system can be profitable but, have never been able to come up with a solution to counteract the potential death trade(s).
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