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50 pips candle system

  • #601
  • Dec 18, 2009 8:51am Dec 18, 2009 8:51am
Quoting Metroid
Hi!, No it does not, really i dont know such indicator.
alright,
was thinking maybe we could calabrate priceactiontrend so were all on round numbers. it might be a bit mmore profit and well see are trade taken the same time.
  • #602
  • Dec 18, 2009 11:39am Dec 18, 2009 11:39am
I begin to miss movement in this thread ,any good fougts guys, or we met a resistance and there is no more space to grow?
  • #603
  • Dec 18, 2009 11:59am Dec 18, 2009 11:59am
I don't know if this will help anyone but it creates an ofline Renko chart which can be used as per normal chart. You add it to a 1min chart and then open the offline chart M2. It goes in the experts section. It will only run while there is data coming in.
Attached File(s)
File Type: mq4 RenkoLiveChart_v3.2.mq4   14 KB | 544 downloads
  • #604
  • Dec 18, 2009 1:01pm Dec 18, 2009 1:01pm
Zebulon:

Just a heads up on your evolution method. I updated my back tester to incorporate your Martingale strategy:

Standard Lot size = 1
On first loss, Lot size = 2
2nd straight loss, Lot size = 4
3rd straight loss, Lot size = 1

http://www.crescentkao.com/trading/zebulon.php

Your evolution strategy works VERY well from June 2009 to today, but from Jan 2009 to May 2009, it has HORRIBLE results straight from the beginning!

Thoughts/ideas?
  • #605
  • Dec 18, 2009 1:37pm Dec 18, 2009 1:37pm
Quoting C-speed
Zebulon:

Just a heads up on your evolution method. I updated my back tester to incorporate your Martingale strategy:

Standard Lot size = 1
On first loss, Lot size = 2
2nd straight loss, Lot size = 4
3rd straight loss, Lot size = 1

http://www.crescentkao.com/trading/zebulon.php

Your evolution strategy works VERY well from June 2009 to today, but from Jan 2009 to May 2009, it has HORRIBLE results straight from the beginning!

Thoughts/ideas?
You might be updating your tester site or it is not working at the moment?
  • #606
  • Dec 18, 2009 1:39pm Dec 18, 2009 1:39pm
Quoting Saintsurfer
You might be updating your tester site or it is not working at the moment?
Sorry hehe, fixed.
  • #607
  • Dec 18, 2009 2:12pm Dec 18, 2009 2:12pm
My idea on the martingale. You can not stop increasing the lot size without a winner. You need to keep going until you win. My idea is to look at a very long history of R and Gs and see which method produces the less consecutive losses,even if we lose more times than we win, so long they are all together. Then start with a very conservative lot size. I know that even when you start with a 0.01 lot it can increase very quickly, but really, how ofthen would you see 12 losers in a row? The goal for me is for my equity curve to be upwards even if it upwards slow. Remember that the compounding works both ways. Sooner or later you would be able to increase the lot size. As far as I understand by reading online, martingale is made for when you have an absolute 50/50 chance of winning. No other system would be more fit for that than this one. That is why martingale is a bad idea on more discrete systems. That is why they did what they did in Vegas to crack it.

Call me crazy if you want, but thanks God for demo accounts where I can try this for as long as I want.
Please pull my head out of my ass, I am running out of oxygen...
  • #608
  • Dec 18, 2009 3:20pm Dec 18, 2009 3:20pm
If you would try to play 200 pips bars and always would play sell buy sell buy you have big chance not to loose many times in a row even bigger bars like 500 pips, just a thought
  • #609
  • Dec 18, 2009 4:23pm Dec 18, 2009 4:23pm
Quoting C-speed
Zebulon:

Your evolution strategy works VERY well from June 2009 to today, but from Jan 2009 to May 2009, it has HORRIBLE results straight from the beginning!

Thoughts/ideas?
That is my problem and our problem : to find the system which works in all conditions.
The system works very well actually, but we must search again to improve it to do well in backtest and well in the future !
  • #610
  • Dec 18, 2009 4:31pm Dec 18, 2009 4:31pm
Quoting zebulon
That is my problem and our problem : to find the system which works in all conditions.
The system works very well actually, but we must search again to improve it to do well in backtest and well in the future !
I made a quick test from year 2000 til now if I played with 1000 pips bars there were no more then one loss in a row results are 16000 pips(using martigale) . I always played sell buy sell buy (first bar was red)without exseption. it takes long time to wait for the next bar to apear. But the case is to be prifitable not to trade a lot..
  • #611
  • Dec 18, 2009 4:49pm Dec 18, 2009 4:49pm
Hi I think someone should make a EA that will give us a signal when to buy and sell. I wish I knew how to write the code but I can't. I think that if someone could make a EA using the evolution version would be a genius.
  • #612
  • Dec 18, 2009 5:30pm Dec 18, 2009 5:30pm
Quoting C-speed
Sorry hehe, fixed.
HI,C-Speed, thanks for your back tester, it is very good,i am using it to back test all data from 2000 to 2008 and compare them right now. i just wonder if you are able to add zebulon's alternative method ( another thread) to the back tester as well? it seems that alternative method works better than original and evolution method.

sam
  • #613
  • Dec 18, 2009 8:52pm Dec 18, 2009 8:52pm
Quoting coffeeshop23
HI,C-Speed, thanks for your back tester, it is very good,i am using it to back test all data from 2000 to 2008 and compare them right now. i just wonder if you are able to add zebulon's alternative method ( another thread) to the back tester as well? it seems that alternative method works better than original and evolution method.

sam
I will probably add that feature in next couple days. I'm curious myself to find out how will it performs over time.

Xmas dinner tonight though, so maybe tomorrow sometime. I'll let everyone know when its ready.
  • #614
  • Dec 18, 2009 8:57pm Dec 18, 2009 8:57pm
Quoting zebulon
That is my problem and our problem : to find the system which works in all conditions.
The system works very well actually, but we must search again to improve it to do well in backtest and well in the future !
I backtested your method and changed the R/G Buy/sell patterns for each month, based on the best ones over the previous 3 months time and they all performed WORSE than just sticking with your original patterns (RRR, GGG, RGRG, GRGR).

I tried, previous 2 months and 6 months as well, all performed worse.

  • #615
  • Dec 19, 2009 3:26am Dec 19, 2009 3:26am
Dear friends, do yourself a favor and FORGET MARTINGALING. I traded it with real money and not in Demo. When you start to have BIG lotsize open positions YOU are not the same man anymore, than when you where demo trading.
And even if you are the man with nerves of steal, the day will come that you run out of steam and you blow your account. Just my 5 penny advice of an old trader.
  • #616
  • Dec 19, 2009 4:26am Dec 19, 2009 4:26am
Hi...
The file you posted with ex.4 extension doesn't work without the other one with the mq4.

Can you share the mq4 also ?

Thanks
  • #617
  • Dec 19, 2009 8:55am Dec 19, 2009 8:55am
Quoting CatMan
Dear friends, do yourself a favor and FORGET MARTINGALING. I traded it with real money and not in Demo. When you start to have BIG lotsize open positions YOU are not the same man anymore, than when you where demo trading.
And even if you are the man with nerves of steal, the day will come that you run out of steam and you blow your account. Just my 5 penny advice of an old trader.

tell us more what happened. do u close on ur trade even before it hit the tp.. or what?

but the martingaling that zebulon is doing is till lot size 4. not alot imo
  • #618
  • Dec 19, 2009 12:49pm Dec 19, 2009 12:49pm
Quoting ja5on
tell us more what happened. do u close on ur trade even before it hit the tp.. or what?

but the martingaling that zebulon is doing is till lot size 4. not alot imo
In this case Less is better. Zebulon proposes a limited Martingale, but others (PiPtHiEf) suggest to go farther, what is a big mistake imho. Consider also that your (initial) lot size will become very small and although you postpone your loser, your winners will be peanuts too.

The Limited Martingale is explained by Zebulon in posts 351 and 354. Although I think Zeb makes a small mistake there, he said:
"If you have 3 losses, you take your -200 pips, and start again with 1 lot http://cdn.forexfactory.com/images/smilies/yim/sad.gif"
But If you have 3 losses in a row and you double everey trade you will lose: 1st trade 1 lot -50 , 2nd trade 2 lots -100 , 3th trade 4 lots -200 and that makes a total lose of -350. That will set you 7 winners back.

Let's assume you trade 1 full lot on a 10.000$ account. Than after you lost your 2 first trades you will be 1500$ down. To open the next trade with 4 full lots you need (at 100:1) 4000$ margin, so if the trade opens your free margin is only 4500$ left. Very aggressive ! and not my piece of cake. (Not to mention that I trade on Oanda and have only 50:1)
  • #619
  • Dec 19, 2009 1:02pm Dec 19, 2009 1:02pm
to zebulon: Great topic ! I thought about something similar a few days ago and now i found topic about it.
to C-speed: Your page is absolutely amazing because my biggest problem is backtest. I beg you release php source your page + simple way explain how you get data forex history there. please please .. because i want to try example for 20 pips or some else pairs because i want to try other/similar strategy backtest it. Thank you very much man
  • #620
  • Dec 19, 2009 11:48pm Dec 19, 2009 11:48pm
I've written a back tester for Zebulon's ALTERNATE strategy here:

http://www.crescentkao.com/trading/zebulon2.php

It looks like it WAY out performs the 'original' strategy.
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