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SWB Martingale EA

Quoting Bubba
I've been running version 4.1.0.3 on an Alpari US demo since May 14. The starting balance was $2901 and the current balance is $4394. All but about $200 of the profit is from the SWB EA. It has never gone beyond level 4 in the time I've been using it. I am using the following settings on E/U, 5m time frame:
Start Lot: 0.1
Range: 25
Level: 7
Multiplier: 2
TP in money: 5

All other settings are default. I don't know why others are blowing up, but I have only been using it on EUR/USD. I put it on a live IBFX mini acct last night at 2 cents/pip...
Yah, 5.00 is safer (or .50 cents.)

It should win, but backtesting showed it could still blow up a few times w/ 7 levels. This is an easy one to backtest.

The thing that concerns me is 5.00 is perfect on backtest, but 4.00 or 6.00 sucks? Why is that so magical...

I also tested and USDCAD and EURUSD were my worst pairs doing demo forward and backtest. I was going for 30 pips though instead of 5.00

We are our own best indicator.
Quoting BenScoobert
Why? they are expensive, lower middle of the range in my opinion
Who do you recommend. So far I don't like any of them except ECN's...
We are our own best indicator.
Quoting bluemele
The thing that concerns me is 5.00 is perfect on backtest, but 4.00 or 6.00 sucks? Why is that so magical...
It's the ratio I think, that determines what size the TP is set. If it's too large, then it has to go further in order to retrace, meaning it will require more levels. If it's too small, then you aren't making enough money to sustain you, in the event that it does go to a higher level. Of course if you have enough money in your account already (many of us don't), then it shouldn't be an issue.
Please help me, Im testing eur/usd on 1m, when lot goes to 1.60 I have an error, how can I do order limit, for example 5 order by martingale if SL on 5th order, EA should buy from 0.1 lot again, Sorry for my bad English)))))
Quoting bluemele
Who do you recommend. So far I don't like any of them except ECN's...
I'm torn between jadefx and mbt right now, favouring jade due to non NFA
Hi..
I have been testing this EA 1 week.. I started only on eur/usd, and next I included eur/jpy.. Today, I saw in my demo account and I am really impressed :-)) look at it ! I do want same on my live acount

cheers
sumax
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Quoting BenScoobert
I'm torn between jadefx and mbt right now, favouring jade due to non NFA
Yes, if I were a scalper, I would be looking at them as well.

I scalp futures (moves much better in my opinion and more readable from indicators) and trade forex a bit longer term on 4H typically.

I like Ducascopy, ATC Brokers (currently with them), and MB Trading.

I like Iamfx as well so far demo.
We are our own best indicator.
ECTrade,

I started forward testing on 8 pairs. 25th May 2010.
Account grew from 3000 to 6433. All very good.

however,just yesterday, there is open trade for NZDUSD is -2011 . 6th level.

Can u modify the EA to look at the angle of decline or ascend of first 4 levels and stop just this ONE trade to prevent trade from blowout!! Stop trade if angle more than 60deg to the horizon.

I prefer keep trades to just max 4th level, and having slightly less trades than a blowout.

Steep declines/ascend usually mean taking trades to higher levels.

Thanks.
Sounds like you're trying to base it on the moving average, I guess? Unfortunately I don't know enough of about working with indicators and really can't help you there. Sorry.
@ ecTrade.. can you help please? I tried to test how this EA behaves with Global_SL.. I put 10%, G_SL= true but ea didn't close all trades and account got 80% dd.
Maybe, I used wrog seting for test.
Can you please attach your settings ?
Appreciate your help

sumax
  • Post #191
  • Quote
  • Edited at 5:09pm Jun 5, 2010 3:49pm | Edited at 5:09pm
Oh well, I guess that's what I get for not taking the time out to test it. And yes, your settings appear to be correct.

I can only tell it's working correctly with one pair (locally) while backtesting though, and will have to wait until I can forward test it to see if it works globally. The global kill switch also seems to be working as well.

Oh, once you've enabled it, in order disable it, you have to set percentage to 0, and set stop loss enable to true.


ETA: Had to modify and set global_stoploss_enable to false, which is default setting.
Attached File
File Type: mq4 swb grid 4.1.0.9.1.mq4   25 KB | 978 downloads
Thanks a lot ecTrade.
Now, it works pretty good :-)..

anyway, I have done some backtest, and conlusion is: too small G_SL giving us too many lost.
However, I can not imagine use this EA without SL. Seems to be sense, if everybody optimize G_SL to his own preferable level. In my opinion, levels 6-7 requires G_SL=40%. It allows EA to recover and same time protect our accounts .

Cheers
sumax
If you have a larger account it's probably okay to set G_SL lower. However, 40% seems pretty drastic for any account. It's better than blowing it all at once though.
You're right. Yeah.. 40% of SL really good "killer" :-)..
I think, it's better to combine with range & lot_mulitpier..

btw: can You take a look into last version (9.1) please.
I tried to optimize following parameters : range - lot_multiplier - tp_in_money but EA opens all trades with default settings : 25-2-5.
Also in backtesting not available to change them.

Thanks
sumax
Quoting sumax
btw: can You take a look into last version (9.1) please.
I tried to optimize following parameters : range - lot_multiplier - tp_in_money but EA opens all trades with default settings : 25-2-5.
Also in backtesting not available to change them.
Yes, these are the default settings, and you should be able to modify them, either way in properties box.

Quote
Also in backtesting not available to change them.
Yes, you can. Just click on "Expert Properties" and "Input" tab before running test.
@ ecTrade ... I know :-) I changed them but EA opens trade with default settings.. don't know why. Have you tried?
Quoting sumax
@ ecTrade ... I know :-) I changed them but EA opens trade with default settings.. don't know why. Have you tried?
Did you know that the strategy tester has its own properties box? I use it all the time and I'm always changing the settings. Sometimes it's good to hit reset before loading the new settings (especially after modifying an EA). Have you tried that?
  • Post #198
  • Quote
  • Edited at 4:33pm Jun 6, 2010 4:15pm | Edited at 4:33pm
Hi ecTrade.. sorry to bother You but all can be changed/modified except of tp_in_money..

edit: I meant, tp_in_money is 5, even if changed to 10.
Really? I just checked myself and it appears to be working fine. If you are using version 9.1, it will tell you which value you put in at top of display. You can also tell if the value is bigger if TP indicator line (distance) has increased.
damned.. i give up .. I entered tp_in_money=10.. see my chart below..

today EA opened trade on e/u and took 5 ..

2010.06.07 08:00:22 '910218': order #16090048 sell 0.10 EURUSD at 1.1947 was modified -> sl: 0.0000 tp: 1.1942

anyone, who uses this version has same problem or it's only me ?

rgds
sumax
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