Mike check out Blackbeard's Grid in the Systems Section.... it's a modification of the idea.
- #61
- Jun 1, 2007 4:56pm Jun 1, 2007 4:56pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
Hi @ all,
Anyone experienced better results with martingale EA's if the losing position will be doubled only after 100 pips or more? Because it seems logical that you can do more/faster profits if you double the positions after only some 10-30 pips (where i hv doubts). Guess the system all try and use is that after doubling a position and running into profit, it will close all positions in this direction, so you always close losing positions too.
But why not using a higher range like 100 pips or more til you double a position, but never close the first red position, so let's say the second position with 0.2lots will be closed in profit but you keep the first open and always take only the profit pips from each position no matter how much lots, so you have a big range of let's say 500 or more pips where you will do good profits without risking to much as long as it keeps in that range for some month, after going out of your expected range just close all positions and start new. Sure you will have then to close losses of some 1000$, but doesn't matter you done some 1000$ more in your 500 pips range, depends how long you can stay there. But with my tests i think you need about 1 month to have enough profits to still not lose after going out of your 500 pips range. Now imagine you do this on volatile EUR/USD and it doesnt go out of the 500 pips range for 6 month or more?!
Guess if this is the holy grail, ppl who found that out earlier are not responding because they don't need to check economy data and forexfactory anymore
))
anyone has an EA doing this? or anyone can adjust my martingale EA to not close losing positions and maybe setting a trading range where it starts new after going out of the set up trading range?
thanks
Anyone experienced better results with martingale EA's if the losing position will be doubled only after 100 pips or more? Because it seems logical that you can do more/faster profits if you double the positions after only some 10-30 pips (where i hv doubts). Guess the system all try and use is that after doubling a position and running into profit, it will close all positions in this direction, so you always close losing positions too.
But why not using a higher range like 100 pips or more til you double a position, but never close the first red position, so let's say the second position with 0.2lots will be closed in profit but you keep the first open and always take only the profit pips from each position no matter how much lots, so you have a big range of let's say 500 or more pips where you will do good profits without risking to much as long as it keeps in that range for some month, after going out of your expected range just close all positions and start new. Sure you will have then to close losses of some 1000$, but doesn't matter you done some 1000$ more in your 500 pips range, depends how long you can stay there. But with my tests i think you need about 1 month to have enough profits to still not lose after going out of your 500 pips range. Now imagine you do this on volatile EUR/USD and it doesnt go out of the 500 pips range for 6 month or more?!
Guess if this is the holy grail, ppl who found that out earlier are not responding because they don't need to check economy data and forexfactory anymore
))anyone has an EA doing this? or anyone can adjust my martingale EA to not close losing positions and maybe setting a trading range where it starts new after going out of the set up trading range?
thanks
imagine if your system had consecutive loss max 5 for a long time of period, let say for few months or 1 year. and let say daily trades average in 5 to 10 trades.
If you have such system, A: using a same lot size each trade compare to B: martingale the lot size, the answer is obvious.
Equity graph for A is going to south..while equity graph for B is going to north.
The challenge is to find a system that limited the consecutive losses.
