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SWB Martingale EA

  • #1
  • First Post: Edited 6:35pm May 9, 2010 6:23pm | Edited 6:35pm
Hi All,

Starting this tread to discuss the SWB EA as written by Totom Sukopratmo at the request of a few members so as not to clutter up another great thread by NanningBob.

Basically this is a martingale EA. It enters trades on the 5 minute eur usd timeframe using Bollinger bands, stoch and rsi to determine entry. It is set to go 10 levels deep at 0.1 lots at 25 pips per lot. This could result in a draw down of over 5K. However it is rare for the euro to move 215 pips without some small retraces of between 10 and 25 pips and this is where the ea can make a profit.

Use on eur usd only. TP is set in money and not pips, in this file it is set at 5 euro.

Suggest you run it in some back tests in the 5 min timeframe and only on eur usd and see if it is a winner and if it can be enhanced in any way.

And of course a big thank you to Totom for creating and sharing this ea. The code is very professional.

Best regards.
Attached File(s)
File Type: mq4 swb grid 4.1.mq4   12 KB | 19,172 downloads
  • #2
  • May 9, 2010 6:51pm May 9, 2010 6:51pm
Quoting pipernet
Hi All,

Starting this tread to discuss the SWB EA as written by Totom Sukopratmo at the request of a few members so as not to clutter up another great thread by NanningBob.

Basically this is a martingale EA. It enters trades on the 5 minute eur usd timeframe using Bollinger bands, stoch and rsi to determine entry. It is set to go 10 levels deep at 0.1 lots at 25 pips per lot. This could result in a draw down of over 5K. However it is rare for the euro to move 215 pips without some small retraces of between 10 and 25 pips and this is where the...

Thanks for sharing. However which thread did the idea come from?
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  • #3
  • May 9, 2010 6:56pm May 9, 2010 6:56pm

Hi Okehiedon,

Just google SWB EA and you will find its origin in the first link to come up.

Best regards,
  • #4
  • May 9, 2010 9:43pm May 9, 2010 9:43pm
This EA is martingale, so be cautious, especially if live account.

Built by Indonesian programmer/trader and it seems that it works pretty good thus far. I already had about 20 trades this Sunday/Monday and positive about 33 pips or so, but of course only w/ Martingal'ing'.

Will keep you posted on success..
We are our own best indicator.
  • #5
  • Edited May 17, 2010 7:32pm May 10, 2010 4:24am | Edited May 17, 2010 7:32pm
Don't know if EA is opening and closing trades properly. The last trade of .02 lots shouldn't have opened .
  • #6
  • May 10, 2010 5:13am May 10, 2010 5:13am
We need someone to adjust code to close all open trades instantly at the same price, when profit has been reached. The EA as it is now, is closing trades one at a time at each tic so you're getting each open trade closed at a different price. If price moves against you during this time, you can end up with no profit for the group of trades. Any programmers here? thanks
  • #7
  • May 10, 2010 5:33am May 10, 2010 5:33am
how do you get this to work ? I have placed the mq4 file in my meta trader 4 expert folder but don't see it in the list when i want to ad the indicator
  • #8
  • May 10, 2010 6:01am May 10, 2010 6:01am
Quoting bluemele
This EA is martingale, so be cautious, especially if live account.

Built by Indonesian programmer/trader and it seems that it works pretty good thus far. I already had about 20 trades this Sunday/Monday and positive about 33 pips or so, but of course only w/ Martingal'ing'.

Will keep you posted on success..
To control the martingale I'm using 8 for max. trades with a multiplier of 2.0. TP set at $5. Lots starting at .05. You'll have to figure lot size for your balance. I haven't seen price go more than 20 pips past level 8 back testing (beware of back testing) 2007,2008, and half of 2009 before it turns around for a TP.
  • #9
  • May 10, 2010 6:04am May 10, 2010 6:04am
Quoting crowbar2010
how do you get this to work ? I have placed the mq4 file in my meta trader 4 expert folder but don't see it in the list when i want to ad the indicator
Try it again. If you put it in your expert folder, it should appear in your experts on your platform. Don't forget to close the platform and reopen it.
  • #10
  • May 10, 2010 10:35am May 10, 2010 10:35am
i already asked this in the "nanningbob-thread", but didn't get a reply:

is this ea for 5-digit broker? if not, which settings do i have to adjust?

and to start it with 0.01 lots do i just need to change the lot-size?
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  • #11
  • May 10, 2010 1:04pm May 10, 2010 1:04pm
Hi Toothman,

Thanks for checking out the ea. I have not seen anything unusual on my demo account with Ava fx so far. I will monitor it for another few days and see if anything unusual happens. Basic understanding of code but not a great coder so can't be help in that area.

Aserbfx:

Looking at the code in the metaeditor - the ea has a built in routine to determine if it is running on a 5 digit or four digit broker automatically so it looks like you don't have to adjust lot size or stop loss, but suggest you try it on your strategy tester first.

I am running it on a 4 digit broker with lot size 0.02 and multiplier 1.5 and tp_in_money of 5, all other settings unchanged and it is doing well. If you want to go down to 0.01 lot size I suggest a tp_in_money of 2.5.
  • #12
  • May 11, 2010 7:51pm May 11, 2010 7:51pm
Martingale w/ x2 multiplier every 25 pips. This is a time bomb.
  • #13
  • May 11, 2010 8:03pm May 11, 2010 8:03pm
Back tests show it survives each of the last 10 years with the right settings.
  • #14
  • May 11, 2010 8:10pm May 11, 2010 8:10pm
I'm up 60.00 after 2.5 days using .01 (ten cent) lots.....

Can I ask you how you are limiting the martingale to x number of entries??
We are our own best indicator.
  • #15
  • May 11, 2010 8:20pm May 11, 2010 8:20pm
Quoting bluemele
I'm up 60.00 after 2.5 days using .01 (ten cent) lots.....

Can I ask you how you are limiting the martingale to x number of entries??
Right click on the chart that you have EA attached to. Then under expert advisers properties I have changed level from 10 to 7. Have you had any L4 trades close yet? Did you have the same problem I mentioned above?
  • #16
  • May 11, 2010 10:43pm May 11, 2010 10:43pm
Quoting Toothman
Right click on the chart that you have EA attached to. Then under expert advisers properties I have changed level from 10 to 7. Have you had any L4 trades close yet? Did you have the same problem I mentioned above?
.01 (several several several)
.02 (many)
.04 (4)
.08 (2)
.16 (1)
.32 (1)



Thanks, changed to 7 as well!
We are our own best indicator.
  • #17
  • May 12, 2010 4:02am May 12, 2010 4:02am
Quoting bluemele
.01 (several several several)
.02 (many)
.04 (4)
.08 (2)
.16 (1)
.32 (1)



Thanks, changed to 7 as well!
Are you having any trades open and close for a loss during the few seconds a level 4 trade is taking profit? That's my problem. I've gotten to L4 , price reverses and hits my $5 target, trades start to close but as they're closing a trade opens and closes for a loss. It's like a flash trade that instantly closes for a loss. Programmers please help.
  • #18
  • May 12, 2010 4:18am May 12, 2010 4:18am
Hi Toothman,

I have not yet seen a level 4 trade but then I changed the settings to a tp figure of 4 for a lot size of 0.02.

I have now changed my settings to try to force the ea up to level 4 and higher by increasing the tp to 15 and I will see if I get any odd re-entries.

I am also running it on usd cad and usd jpy - making demo pips on these currencies but the ea needs watching and turning off at certain times. Backtesting shows that there are the very occasional runs that do not reverse on these two currencies.

Regards,
  • #19
  • May 12, 2010 4:34am May 12, 2010 4:34am
Quoting pipernet
Hi Toothman,

I have not yet seen a level 4 trade but then I changed the settings to a tp figure of 4 for a lot size of 0.02.

I have now changed my settings to try to force the ea up to level 4 and higher by increasing the tp to 15 and I will see if I get any odd re-entries.

I am also running it on usd cad and usd jpy - making demo pips on these currencies but the ea needs watching and turning off at certain times. Backtesting shows that there are the very occasional runs that do not reverse on these two currencies.

Regards,
Pipernet,
Thanks for trying to help. The guy that originally posted this EA on this forum, said it only works well on the EUR/USD. I'm using a maximum level of 7, starting lot size of .05 on a standard account, increment of .05, all other settings stock with a balance of $37500. With these setting this EA survives each of the last 10 years on the back tester with an annual profit anywhere from $4700-$12500. Even gets through the chaos of Oct. 2008. If you come up with a remedy for the flash trade please let me know. thanks
It's really strange. L1,2 and 3 trades close without the flash trade but when a L4 starts to close you get the flash trade for a loss.
  • #20
  • May 12, 2010 9:23pm May 12, 2010 9:23pm
Quoting Toothman
Pipernet,
Thanks for trying to help. The guy that originally posted this EA on this forum, said it only works well on the EUR/USD. I'm using a maximum level of 7, starting lot size of .05 on a standard account, increment of .05, all other settings stock with a balance of $37500. With these setting this EA survives each of the last 10 years on the back tester with an annual profit anywhere from $4700-$12500. Even gets through the chaos of Oct. 2008. If you come up with a remedy for the flash trade please let me know. thanks...
Hi Toothman,

No issue on my end, but only had a couple.....
We are our own best indicator.
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