A Simple London Breakout

Quoting Pat1

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Sq,

Been wondering why we need an external indi "v9". One of my ea's i have a code as follows:
...
the code below is designed for a factor of 0.3.
...
Pat

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Quoting tazmaan

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It does, but there are definitely still some bugs to be worked out.
Backtest in visual mode, and drop the indicator with proper settings on the chart while paused, then let er rip.

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Quoting Bambo0

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Hello Scoulou,

looks great, after catched the criminal pillock, the Demo System is prepared for the first trades.

Could you please explain some more regarding the OCO, why is it madatory for the martingale and for which trades is it used?

br
Bambo0

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Quoting squalou

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Pat1, do you have any reason for having enforced OCO when using Martingale ?
To have control of the lotsize of the next set of stop orders based on the outcome of the current open order.

If price goes back into the middle area, having OCO ON or OFF won't matter: the buystop/sellstop orders will be placed anyway."

Same as obove. Have to wait till the outcome of the open order is established.


Why do we need OCO ?


Sq

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Quoting bluemele

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Hi all,

I have a USDCHF that was profitable first thing this morning. However, on the Buy Stop for the next trade (if it goes long) it placed a .02 (L2) instead of .01 (L1).

So, I am guessing the martingale code isn't working quite yet.

--EDIT: ALSO, IT LOST A TRADE, THEN DIDN'T MARTIN UP. Basically, it doesn't seem to be working at all. The .02 trade from earlier was now cancelled for some reason?

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Quoting Pat1

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Sq,

Attached is a snapshot of tradeable box with no trades taken. Also attached is the set file. M15 EU open prices only.

Martingale seems to kick in.

For some reason, I could not upload the set file. Not in the list of extensions of "attachable" files. So its in txt format. Could you please implement it if and when you have time. Thanks.

Pat

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Quoting squalou

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I run backtesting over just last week...
and the mart factor rocketted up to 4181...
and the tester kept yelling "pending order deleted (not enough money)"



Sure it's buggy !!!!

As i said: this is EXPERIMENTAL CODE...

Ok, we'll come back later with a patched version (note that i didn't say "fixed" version, )

I've got some work in the oven, looks like....

Sq.

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Quoting squalou

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Hi Icecube

The EA requires the Indicator to have been loaded into the chart once, so that the settings are exported as system GlobalVariables (that you can watch and eventually change with the F3 key).
The EA will import these settings by reading the GlobalVariables set by the Indi.

The error message you are getting reports that it cannot find the required GlobalVariables.
Either you have not loaded the indicator first, or you have changed the "objPrefix" from the Indi, (which is "LB-" by default), and the EA has it set to "LB-" (as it...

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Quoting mer071898

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Gbp/Chf

Trade 1= -8466 pips (-94 x 89)

No open trades at this time. Next valid entry will use a multiplier of 233.

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Quoting sangmane

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Mer,

If I can give an advice, don't put too much on Martingale to make the system profitable. If the system itself doesn't have what so called "edge", simply Martingaling them won't make any good.

If we rely only on Martingaling to make profit, we don't need any specific strategy. In my humble opinion, randomly buy or sell on any random time, use fixed tp/sl, multiply the lots to recover losses, back to initial lot when profit, will give roughly the same performance figure.

I maybe wrong...

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aggressive_fibonacci="1,2,5,13,34,89,233,610,1597,4181"; // =every second term of fibonacci sequence;
         powers_of_2="1,2,4,8,16,32,64,128,256,512,1024,2048,";
   regular_fibonacci="1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,1597"; // F(n)=F(n-1)+F(n-2);
      mild_fibonacci="1,2,3,4,6,9,13,19,28,41,60,88,129,189,277,406"; // F(n)=F(n-1)+F(n-3);