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SWB Martingale EA

  • #421
  • Sep 11, 2010 11:35pm Sep 11, 2010 11:35pm
Quoting ChicagoRob
I think this has some merit, as I believe it will create a "stabilizing effect"
on the overall balance. Anyone who has traded Blessing knows that start
time can be a "make or break" scenario.

Too bad you're not comfortable with TSD - it does have its fair share
of idiots, but it also has some valuable contributors.

Rob
No doubt.... No insult to forex-tsd, but people seem to be a bit more aggressive to me from that thread.

Life is good, share it love it live it...

I am doing some tests now with a 10.00 basket, 50 and 100...

I will report how it goes ... So far so good. I tried changing it to more aggressive settings and I had a blow up on the 10 and 50, but the 100 was ok. However, I changed it back, started over and they are much better now. Oh, and I think 3.8 has a few bugs.... I will stick w/ 3.7 for my larger account.

I really shouldn't post this on this thread.. haha...

Anyways, the concept of creating mini-baskets is a possibility with this EA if you guys want it!

https://www.myfxbook.com/portfolio/b...0-basket/48632 10.00 basket
We are our own best indicator.
  • #422
  • Sep 13, 2010 8:27am Sep 13, 2010 8:27am
Quoting bluemele
You know, I think blessings is better than this EA. It has a better support/programming community and it can do what this EA does... Why recreate something that already works. Plus, you can manually change the blessings to match this EA pretty closely. I know, I did it.

I had a really good test going on the 1M chart using BB bands and the backtests were really good with little drawdown. Funny thing is, I got too busy and gave up! And, I can't remember my settings as I had millions of tests going...

I really don't like forex-tsd.com for some...

Hello bluemele,
Ok I will try blessing
Do you have set file for blessing 3 v3.7.6
[email protected]

still i am looking for very good coder like blessing, megadeoid coder that can do code my new stretegy that will have time period, martingale stretegy with lots of restrictions when opening new position with hedging please could you recommend any
thanks
  • #423
  • Sep 22, 2010 11:30am Sep 22, 2010 11:30am
Guys,
I'm still using the 4.1 version at 5m chart.
I have 3 demo accounts in different brokers, Alpari, Ava Fx and ITFX.
two with 10000€ and Ava with 100000€.
I use this settings for 100000€ Ava, tp_in_money 150 and 3.0 Lots.
ITFX with 10000€, tp_in_money 15 and 0.3Lots.
Alpari with 10000€, tp_in_money10 and 0.3Lots, this one appears to be more reasonable. I am getting around 25000 per month on Ava, getting around 2500 on ITFX and around 1800 on Alpari. This is running for about 6/7 months and still didn't blow up any account. I did the same tests with 3000€ demo accounts and those didn't work out, went down when the Euro had a fast strenght over dollar.
I've reallized that can be the best setup for this EA...
I want your comments please.

Carlos
  • #424
  • Sep 23, 2010 9:10am Sep 23, 2010 9:10am
Quoting ccanadas
Guys,
I'm still using the 4.1 version at 5m chart.
I have 3 demo accounts in different brokers, Alpari, Ava Fx and ITFX.
two with 10000€ and Ava with 100000€.
I use this settings for 100000€ Ava, tp_in_money 150 and 3.0 Lots.
ITFX with 10000€, tp_in_money 15 and 0.3Lots.
Alpari with 10000€, tp_in_money10 and 0.3Lots, this one appears to be more reasonable. I am getting around 25000 per month on Ava, getting around 2500 on ITFX and around 1800 on Alpari. This is running for about 6/7 months and still didn't blow up any account. I did the same tests...
One of the key factors to running SWB, successfully, is, undoubtedly, trying to manage the risk without restricting the potential to make good profits.

I've tried various combinations but, what seems to work for most pairs is to use a multiplier of 2 with a range of 25. TP of 25-30 pips. The real killer for the system is when you have several correlated pairs moving, rapidly, against you. When this happens, the open P/L gets quite scary.

I'm currently experimenting with going no higher than L3. The reason being is that most of your wins will occur between L1-L3. A loss at L3 is 275 pips and the average win between L1 and L3 is 65 pips (30 pip target). From my own observation, it seems that successful closed trades at the L1-L3 level outnumber the L4, and above, successful closes by more than 5:1.
  • #425
  • Sep 27, 2010 8:40pm Sep 27, 2010 8:40pm
Just wondering if anyone is trading this on a live account? or demo and if so, how are the results?
I ran a few test with V4.1, changing just "tp_in_money" to 25 all other settings default. And seems very promising. I started a demo with Alpari UK this week and will post results on Friday.
  • #426
  • Sep 28, 2010 4:26am Sep 28, 2010 4:26am
Quoting tommycz
Just wondering if anyone is trading this on a live account? or demo and if so, how are the results?
I ran a few test with V4.1, changing just "tp_in_money" to 25 all other settings default. And seems very promising. I started a demo with Alpari UK this week and will post results on Friday.
Hi Tommy,

I have running this EA for a long time, and it is very good, of course you need to got money in your account to absorve the impact of continues direction.
But as we know it always a retracement, if is not in 20 or 40 pips, will be soon, you don't get 150 pips in one direction without a retracement, it is very unusual, so for my money manangement I see the probability to go more than 100 without retracement it is one in 20 , if this happens the EA will open 4 positions, if you have the standard settings it will open at 0.1 after 25p it will open a second position with 0.2 after 25 more it will open another positon with 0.4 and the last one after more 25p the position will be 0.8...
For me and this is my idea, if I use the standard settings I need to have >5000€ in my account. This will make confortable to make money and not blowing up your account.
Of course if I use these settings I will got around 700€ per month, so it is a question of sum...if I want more money, example: +- 2000€ per month I have to deposit 20000€.
This is what I'm intent to do soon.

Cheer
Carlos
  • #427
  • Sep 28, 2010 6:43am Sep 28, 2010 6:43am
It's good to know that this thread is still alive & kicking.

Tommy; you may find that a 25 setting is too high for day trading. You will make more money by using a setting of 5-10. If, indeed, you wish to day trade.

I have been using SWB, both live and demo, for several weeks. What I like about this EA is it's simplicity. There are other EAs out there that have a similar approach but, the unnecessary complexity of their settings is daunting. By the time you decide which one of the 400+ entry criteria you want to select, plus portion control, drawdown %, max draw down %, you will start to wonder why you are trading in the first place.

With a $5,000 account, it's not that difficult to make $2-300 per day, with this EA. However, you may have to adjust TPs, from L2 and above, manually. The EA has a lot of quirks and could do with a programming makeover but, it makes money.

As this is a Martingale strategy, risk management is vital. My advice, fwiw, is not to let the grid go upwards and onwards to the L4 and above. This is where danger lies. Having come close to a complete account blow out (L7), I know that it is better to close all trades, once the Open P/L goes to -$200, rather than hope that you might get a turnaround by L6/7. You will have plenty of +$2/300 days to make this a sensible money management strategy.
  • #428
  • Sep 28, 2010 6:50am Sep 28, 2010 6:50am
Quoting Alan5616
It's good to know that this thread is still alive & kicking.

Errr, no it's not. Martingales will always kill you soon enough.
  • #429
  • Sep 28, 2010 9:41am Sep 28, 2010 9:41am
Quoting fxvoilaaa
Errr, no it's not. Martingales will always kill you soon enough.
So tell if you´ve tried this EA and which amount you have used, when this happened, what was your settings to blow up your account??
or you only saing that because you've read this in some other forum, site or blog????
  • #430
  • Edited 5:08pm Sep 28, 2010 4:48pm | Edited 5:08pm
Quoting fxvoilaaa
Errr, no it's not. Martingales will always kill you soon enough.
Yes, they will if not controlled. If you read the posts that I made recently, I have explained how I use this EA and how risk needs to be managed.

Dismissing SWB because it incorporates a Martingale staking progression is a mistake. This is a good EA, which used with sensible money management, can be very successful.
  • #431
  • Sep 28, 2010 5:10pm Sep 28, 2010 5:10pm
blowed up one demo acc after the other, s.o. a good setfile?
Hero calls followed by margin calls...
  • #432
  • Sep 29, 2010 4:44am Sep 29, 2010 4:44am
Quoting PhAnTi'
blowed up one demo acc after the other, s.o. a good setfile?
OK, I've tested with 3000€ account and blowed up, but because 3000€ wasn't the good amount for this EA. it is a question of manage the increments of this EA, I know and I'm doing forward testings with this EA, alos did some backtests, month by month, and the results were very good with 10000€. I did tests from 2008...
  • #433
  • Sep 29, 2010 7:10am Sep 29, 2010 7:10am
Quoting ccanadas
OK, I've tested with 3000€ account and blowed up, but because 3000€ wasn't the good amount for this EA. it is a question of manage the increments of this EA, I know and I'm doing forward testings with this EA, alos did some backtests, month by month, and the results were very good with 10000€. I did tests from 2008...
well okay...let me know
Hero calls followed by margin calls...
  • #434
  • Sep 30, 2010 7:10am Sep 30, 2010 7:10am
[quote=ccanadas;4057503]OK, I've tested with 3000€ account and blowed up, but because 3000€ wasn't the good amount for this EA. it is a question of manage the increments of this EA, I know and I'm doing forward testings with this EA, alos did some backtests, month by month, and the results were very good with 10000€. I did tests from 2008...[/quote

Can I ask what was the reason that you blew a €3,000 account? How many pairs were you trading? How many levels did you set the EA to? What was the range? All these factors can have a bearing on the overall success of using this EA.
  • #435
  • Oct 1, 2010 1:10pm Oct 1, 2010 1:10pm
Can I ask what was the reason that you blew a €3,000 account? How many pairs were you trading? How many levels did you set the EA to? What was the range? All these factors can have a bearing on the overall success of using this EA.[/quote]

Hi, first of all I must say I am using the 4.1 version, I use only on EURUSD at 5 m, and I didn't cutted the levels, I left as the standard version. the problem is with 3000€ if you have 0.2lots and tp as 10€. the sum os the loss of 0.2 plus 0..4 plus 0.8 when cames 1.6 and still loosing the account came down.
So for my thoughts I think if you have 10000, 3 times more than this demo account you will survive to the 4th or 5th level. it is almost impossible to this pair to go more than 150pip without retracement. And because this EA works whem the signal is overbought or oversold means that you already had some retracement or so.
  • #436
  • Oct 2, 2010 3:38am Oct 2, 2010 3:38am
Hello everybody, alltough my personal meaning is that martingale trading is nothing else then gambling i am always interesting to see how such systems are doing.

Anybody here who make money with martingale system in the long run ?
  • #437
  • Oct 4, 2010 3:04pm Oct 4, 2010 3:04pm
Quoting JohnFX_King
Hello everybody, alltough my personal meaning is that martingale trading is nothing else then gambling i am always interesting to see how such systems are doing.

Anybody here who make money with martingale system in the long run ?
Hi JohnFX King

Goto FxTradePro forum on the following link.

http://www.forexfactory.com/showthread.php?t=43221

1. Read and understand the concept carefully and the techniques behind it.

2. Then come to the last post, I have my back test results that may help you what you are looking for.


Hope it helps.
  • #438
  • Oct 7, 2010 3:55pm Oct 7, 2010 3:55pm
ForexZak,

I read the link to your previous post... but cannot seem to find the EA you refer to. Could you direct me?

Many thanks.

Tim

[email protected]
  • #439
  • Oct 8, 2010 5:53am Oct 8, 2010 5:53am
Quoting hazel1919
ForexZak,

I read the link to your previous post... but cannot seem to find the EA you refer to. Could you direct me?

Many thanks.

Tim

[email protected]
Hello Tim

Please check your Private Message I sent you the link.
  • #440
  • Oct 13, 2010 6:32pm Oct 13, 2010 6:32pm
Quoting JohnFX_King
Hello everybody, alltough my personal meaning is that martingale trading is nothing else then gambling i am always interesting to see how such systems are doing.

Anybody here who make money with martingale system in the long run ?
I can't say that I'm making money in the long run with this EA as, I've only been using it for 3 months. It's been very profitable, to date, but, there have been a couple of days when I got to a 40% drawdown on my open P&L account. That was before I decided to limit the EA to no higher than L3.
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