A Simple London Breakout

Just a quick reminder for those looking at trades this morning, try and close out open trades earlier than normal being it's Friday. As a general rule, I will not open any trades once the London session closes.

Got it ! I must admit i've been quite prolific these days... I'm trying to keep everything working the same as previous version (appart from bug fixes, of course), so that noone gets confused.
This is also why i put the version number in the filename,, which helps identify which one you have downloaded and using.
Perhaps post #1 should follow the same rule, so people know exactly which version is the latest "approved" one ?
I work in a s/w company, and we know how much version numbers are important for everyone (us and our customers) to clearly identify what we are talking about when issues raise.
I will slow down the versions, i promise!


I have a confidence issue with martingales, as lot of people have... really big drawdowns can happen, even if "you know" that "some day" it will come back into your direction, in profit due to multipliers.
But you have to have "big pockets" to sustain the losses in the first place. That's what scares me about martingales.
Looking at your results, however, that is quite promissing indeed.
But with a so small data sample, we cannot conclude yet on the longer term.
Keep posting both results, that is the most important to validate the strat.


A suggestion if i may: would it be possible to update something like an excel sheet (easier for the math!) that summurizes all these results day after day for each pair, with/without martingale, martingale multiplier, etc, and grand totals, all together in 1 sheet, and update that file in post #1, so we can all see how it goes over time ?
That would be great!


You might be right. At least we can give it a try, and confront the results. It's worth trying it.
It could actually also be part of the excel sheet results, to see how both settings compare -- we need to choose some settings in the first place, i know... and that's the most tricky part of it...
This is perhaps where my "future extensions" i talked about some days ago, would be of interest: they will hopefully show resulting figures instantanously right before your eyes: an "equity curve" talks to me much better than raw fugures.
Then you can just play with the settings to see if you can get better results.
-- until i get the "optimizer" working!

Experimentation is part of the research work, which is what we are doing here in my opinion.
And most often requires to build your own "tools" and improve them, to get the best results in the end.
To me, improving tools also means adding more capabilities to them, thereby increasing exploration possibilities.
Some day you choose some unexplored path, and you like what you find at the next corner... Let's just not close those doors.

Ok, i'm getting away from the thread's subject now, so i'll stop here!
Let's come back to what is going to happen in next few hours, London has waken up guys!

Mer, hopefully i won't have got you angry at me for talking all this... appologies if i have.

Mer,

looking at yesterday's trades on UJ, i 'don't get the 2 "touches" that we can see on your charts.
Different price feed again... (Alpari for me).
See below

but recently always fake breakout.

Yes, the sometimes quite large differences in feeds makes any strategy using fixed numbers a tough call.

Attached is screen shot of two Alpari feeds superimposed - these SHOULD be the same - right?

Even the SAME BROKER will give DIFFERENT PRICE FEEDS to different accounts ?
Interesting...
I remember having read in some other thread that brokers would typically have at least 2 different price feed "profiles", depending on the type of orders you are inputting ("scalping" profile vs "long-term" profile perhaps ?)

Thanks for the input.

So, i guess some will just get lucky with the touches, and others won't...
Welcome to "criminals" wonderland !

not all touch give lucky trade..

The price feeds do differ on the same broker when they use multiple servers. Not sure about the different price feed "profiles", depending on the type of orders you are using, but different servers give different results.

today all 5 trades have hit target. what a great day for friday. wish everyday is like this

why my platform on 14 apr, box size only 28pips(gmt 3 - gmt 6)

That is because you are not looking at the right day. Look at the bottom of that pic and you'll see the "No Trade" recommendation was for April 13th, not the 14th. I posted the results on April 14th which may have confused you.

Sorry I'm a little late, but here are the results for Friday:

Eur/Usd

04:00 to 07:00

No Martingale

+38 =
+38 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

03:00 to 06:00

No Martingale

+36 =
+36 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

Gbp/Usd

04:00 to 07:00

No Martingale

No Trade

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

03:00 to 06:00

No Martingale


-59
-59 =
-118 pips

With Martingale Multiplier

-59
-118 (-59 x 2) =
-177 pips

We'll start out on Monday with a multiplier of 5 on this set.

Usd/Jpy

04:00 to 07:00

No Martingale

+19 =
+19 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

03:00 to 06:00

No Martingale

+19 =
+19 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

Eur/Jpy

04:00 to 07:00

No Martingale

+28 =
+28 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

03:00 to 06:00

No Martingale

+24 =
+24 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

Usd/Chf

04:00 to 07:00

No Martingale

+34
+34 =
+68 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

03:00 to 06:00

No Martingale

+32
+32 =
+64 pips

With Martingale Multiplier

N/A

We'll start out fresh on Monday with no multipliers on this set.

First off, no apologies are ever necessary in my threads. I expect people to speak there mind, as a matter of fact, I encourage it. I will not always agree, but that is just my opinion and is to be taken as just that, an opinion. I will not speak harshly to anyone unless they try and hijack my threads or they violate forum rules.

I love experimentation and I applaud you for your help and all your work, right along with Steve, sangmane, and all the others with various ideas, EA's, and improvements. Let's just slow down a bit, step back, and see how the indicators operate first and maybe it will allow you test the indicator thoroughly to see and fix more than one bug at a time instead of immediately posting a new version at the first instance of a bug popping up. With regards to putting versions up, what I will do in the next version you post is I will just post a single indicator and template and everyone can make there own changes from there since we now have that freedom to do so in the parameters, fair enough?

Hi Guys
I realize this may well be a dumb question but I"ll give it a go anyway. On Fridays GBP/USD I had a red box on my chart(alpari uk) so over50 pips so no trade, so I assumed steves ea would not take any trades on this pair but it took a buy and a sell(both losses). So my question or questions , should I have turned ea off on this pair or should ea have known it was over 50 pips and not entered any trades?
Just as a side issue although the box was red the actual low of lowest candle and high of highest candle which the three hour box covered was not 50 pips it was actually 46 pips, so why the red box?
All other pairs with ea worked a treat .
Many Thanks
Geoff

I took the following pairs and sim tested them
with and with out martingale . . . graph results in zip file
01-01-2009 12-31-2009
EJ EU GU UC GJ UJ EG
GU did better than others UC worst
EJ was the bst by far
None were profitable
I used default settings with a 5000 start up.

Non of the no martingales showed promise

I did then test EJ with takeprofit changed from 1.27 to 1 and here is a very nice result


Some of the pairs with martingale were doing well until the death blow of the martingale and I got stopped out. Playing around with box size and start times next By using the ea and taking over manually from time to time could work well.

I'm sure if you pm Steve, he will get you an answer.

That's the best way to find the best settings, experimentation. Most of the time when martingale EA's are tested, no one uses the proper account size. You can't try and use $5K when you should be using more like $50K.