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SWB Martingale EA

  • #641
  • Feb 28, 2011 9:18am Feb 28, 2011 9:18am
Yeah, this is what it looks like on the graph ... i.e., the three flat areas.

Attached Image (click to enlarge)
Click to Enlarge Name: swb_plateau.gif Size: 8 KB


Actually, since it occurs on the primary trade, I think know where to look. Will let you know ...
  • #642
  • Feb 28, 2011 10:08am Feb 28, 2011 10:08am
Quoting ecTrade
Actually, since it occurs on the primary trade, I think know where to look. Will let you know ...
Nope. It still does it. It's just as well, because I didn't want to have to remove the feature I added. It was inhibiting access to the first trade indicator(s), so it only accessed it when trade count was set to zero. I figured that would help reduce the bandwidth, especially when running multiple charts.

Oh well, at least I have something to think about anyway.
  • #643
  • Feb 28, 2011 12:04pm Feb 28, 2011 12:04pm
While you are still thinking about the other "issue".....

I thought of some more info that would be beneficial to be on the top left of the chart.

While running a live demo on multiple charts, I noticed that one of my charts only had 2 levels fired, but it was way down. So much that there should have been 2 more levels fired but it didn't.

I can only think that maybe I didn't have enough margin at the time. Now I have been babysitting the trade manually trying to get it back in the money.

Is there way that you can put the size of the next trade going to fire and if there is enough margin to handle it?
Maybe something like:
Amt of next trade: .16 || Able to trade: YES || Amt of margin left: $xxxxx

I know different brokers allow different amounts, so I don't know if there is a command to pull that info from the broker or not.

Thanks!
  • #644
  • Edited 1:06pm Feb 28, 2011 12:56pm | Edited 1:06pm
ecTrade

I have swb v04 running 2 ways - 1 with the hedge on and 1 with it off.
I get the same trades on both. Is that the way it should be most or less of the time?
Should the RSI tp and RSI sl be on or off using hedge or not?
I sure had good results on v02 and v03. Hope 04 is the same.
As far as using a US broker in the US, my broker is checking into it as I told
him the EA with the hedge works fine on a demo account and he says it should work live also
but is checking into as why it works to see if its ok. I'l post the results when I get them from him.
Thanks

gene
  • #645
  • Feb 28, 2011 2:47pm Feb 28, 2011 2:47pm
Quoting domino2-4x
Is there way that you can put the size of the next trade going to fire and if there is enough margin to handle it?
Maybe something like:
Amt of next trade: .16 || Able to trade: YES || Amt of margin left: $xxxxx

I know different brokers allow different amounts, so I don't know if there is a command to pull that info from the broker or not.

Thanks!
Yeah, there are two or three command prompts regarding account margin and free margin? And no, I don't think it matters which broker you use. Am not sure what calculation you would use to determine if you have enough margin for the next trade though?
  • #646
  • Feb 28, 2011 4:00pm Feb 28, 2011 4:00pm
This is my Brokers response to question about hedge trading SWB.

As far as I can tell you are not hedging in that account so you should be fine.


gene





  • #647
  • Feb 28, 2011 4:04pm Feb 28, 2011 4:04pm
Really? Which broker is this?
  • #648
  • Edited Mar 1, 2011 1:25am Feb 28, 2011 4:07pm | Edited Mar 1, 2011 1:25am
Hey, take a look at this!

Attached Image (click to enlarge)
Click to Enlarge Name: swb_crash_1.png Size: 31 KB


Attached Image (click to enlarge)
Click to Enlarge Name: swb_crash_2.png Size: 15 KB


This is what happened when I backtested the latest version. Am not sure if it does this on earlier versions or not? I tried it on version 4, and it didn't seem to do quite bad, but I'm not sure I had it on the same settings?

The two main settings are: h_level=2 and h_rsi_entry=false. I think level_limit was also set to true ... except I just tried it and it does it whether it's set to true or not.

Okay, basically it does the same thing with version 4.
  • #649
  • Feb 28, 2011 4:14pm Feb 28, 2011 4:14pm
ecTrader

Here was his 1st email.

Hi Eugene,
The demo and live environment share the same rules for executing trades. If it works in demo it will work in live, but you state that it hedges, and our demo environment should not allow hedging. Can you give me your account number so I can check why it is hedging?

So I sent him a copy of the EA and he then sent this hours later
so he must have checked it out?Also gave my acct. number.

His reply:
As far as I can tell you are not hedging in that account so you should be fine


The Broker is:


Ramon H. Valenzuela | Branch Supervisor | MB Trading
1926 E. Maple Ave | El Segundo, CA | 90245
480.212.1112 | Toll Free: 877.212.1112 | Fax: 480.659.5669


gene
  • #650
  • Feb 28, 2011 4:19pm Feb 28, 2011 4:19pm
My experience has been that you want to use the regular program as much as possible. Meaning if most trades close between 1-4, start hedging after that. (sometimes 6-7)

I think you only want to hedge when a huge trend is going on. Otherwise, the RSI exit on the hedge will eat away your balance because it will constantly keep trying to correct after it gets in.

I think you could hedge earlier if we actually did put in the hedge level option.
  • #651
  • Feb 28, 2011 4:33pm Feb 28, 2011 4:33pm
Quoting geneo22
So I sent him a copy of the EA and he then sent this hours later
so he must have checked it out?Also gave my acct. number.

His reply:
As far as I can tell you are not hedging in that account so you should be fine
Hey, you know what? My broker is IBFX and I have no problem at all hedging while backtesting but, as soon as I try forward testing it, it basically tells me I can't do it, I think? It's been quite awhile since I've tried it.

So, were you forward testing or backtesting on the demo?
  • #652
  • Feb 28, 2011 4:41pm Feb 28, 2011 4:41pm
Quoting domino2-4x
My experience has been that you want to use the regular program as much as possible. Meaning if most trades close between 1-4, start hedging after that. (sometimes 6-7)

I think you only want to hedge when a huge trend is going on. Otherwise, the RSI exit on the hedge will eat away your balance because it will constantly keep trying to correct after it gets in.

I think you could hedge earlier if we actually did put in the hedge level option.
Actually I ran a test just yesterday I believe? with hedge set at 1, but also using RSI entry, and it ran all the way out to May, 2010 (it started in June, 2009), before it finally crashed.
  • #653
  • Feb 28, 2011 4:46pm Feb 28, 2011 4:46pm
I was forward testing.

Ya know ecTrader - I was getting great results on either v02 or v03 using the hedge. I was checking both. But quit when I thought I couldn't use the hedge.
Just thought I would let you know that and maybe I will test them again? It was about 79% wins on 12 pairs. The Swb Grid 4.1 did 52% at the same time.
I have a spread sheet but it doesn't say what version it was. I can email it if you want it? All I put for its title was: Swb Revised, no version. (not smart)
I willl send to you both if you want it. Can't see much good tho?

[email protected]

gene
  • #654
  • Edited 7:06pm Feb 28, 2011 6:15pm | Edited 7:06pm
Okay, here are all the versions I've created so far (except for MTF indicator). I went ahead and modified them so they all include the version in the title block. There were also two version 2's. The first one, version 2-A, didn't have the version in the title block, but the second one did, as did versions 3 and 4. So we are talking about version 2-A or earlier. The other three would have shown up in your test results.

Anyway, you might want to consider retesting?
Attached File(s)
File Type: mq4 swb grid 4.1_revised.mq4   12 KB | 556 downloads
File Type: mq4 swb grid 4.1_revised_01.mq4   13 KB | 492 downloads
File Type: mq4 swb grid 4.1_revised_02.mq4   18 KB | 527 downloads
File Type: mq4 swb grid 4.1_revised_02-A.mq4   17 KB | 533 downloads
File Type: mq4 swb grid 4.1_revised_03.mq4   19 KB | 572 downloads
File Type: mq4 swb grid 4.1_revised_04.mq4   19 KB | 684 downloads
File Type: mq4 #MTF_RSI.mq4   4 KB | 566 downloads
  • #655
  • Edited 10:06pm Feb 28, 2011 9:24pm | Edited 10:06pm
EC-
OK - I think you talked me into it!

These kinds of trades have to stop. Trying to fire 5 hedge trades that do nothing except lose is not going to work. Not to mention waiting 5 days for it to close. (These are RSI exits)

I am on board with your hedge "1:1" idea!
What were you thinking?
After the first level, it fires a double lot buy and sell at the same time? The hedge trade at total lots (combining level 1 with level 2) and the level 2 at regular martingale.

So in this below example, the hedge BUY trade would ride up and take profit at 25pips.
The both opposite trades fire again at level 3, with the TP hitting again on the hedge trade.
Both trades fire again at level 4, but this time the price retreats and closes all. The last buy trade closes with a small loss, but after the other 2 banked 50 pips, it still hits tp_in_money?....Maybe? We hope?
Actually, I don't think that will work because the last win will never close because of the open last hedge trade. (maybe we alternate levels on the hedge or something)

If the price goes against the hedge, does it start hedging the other way?
Then it starts to sound like my "hedge levels" idea.......

Speaking of.....at least on this trade, the "hedge levels" idea would have worked closing all trades around 9:30 on the 2nd. (3 days earlier than it did)
It would place a second buy on the level 3 sell trade, so when it went back up it would hit tp_in_money, closing all trades.

http://i1084.photobucket.com/albums/...4x/5-hedge.jpg
  • #656
  • Mar 1, 2011 1:28am Mar 1, 2011 1:28am
hi ectrade can you show me how to modify ea to enter trade using signal on every trade ex 1st trade 2nd trade and so on
  • #657
  • Mar 1, 2011 5:10am Mar 1, 2011 5:10am
Quoting james629
hi ectrade can you show me how to modify ea to enter trade using signal on every trade ex 1st trade 2nd trade and so on
Hey, I figured it would be just as easy to do it myself, which I did, than try to explain it to you. Unfortunately I can't get it to work? It's a good idea, but I need to think about it some more.
  • #658
  • Edited 6:49am Mar 1, 2011 5:56am | Edited 6:49am
Quoting james629
hi ectrade can you show me how to modify ea to enter trade using signal on every trade ex 1st trade 2nd trade and so on
This may work if you use a low multiplier. As shown in my previous post, http://www.forexfactory.com/showpost...&postcount=632, if you are doubling each trade it can get real deep fast. Of course if you are not doubling, then it will take more pips to hit the tp_in_money and exit.

Should be interesting to test.....

I think you will need some other kind of filter/pause in there to prevent this from happening on a big run. I think this is why it uses levels.

http://i1084.photobucket.com/albums/...12-candles.jpg
  • #659
  • Mar 1, 2011 12:22pm Mar 1, 2011 12:22pm
Hey, nice picture! Oh, sorry if I haven't been too responsive over the last day or two. I've been getting tired and having a hard time concentrating. I'm having a hard time implementing any of my own ideas, let alone anyone else's. I guess I'm saying I need a break ... unless of course someone has something "simpler" in mind?

Oh, I've been working on a single level hedge, where you open the first order with RSI towards tp_in_money mark ... which, if it doesn't reach, after the price starts to reverse, it opens 100% hedge in opposite direction.

So, you wait until a trend starts to develop and you say, Okay, fine, I'm going to setup a flag, noting this has happened, and wait for the trend to peak and, as soon as it begins to reverse (and establishes a pivot point?), and builds up enough momentum in the opposite direction, closeout the trade at the top and ride the profits all the way down. Well, it sounds great in theory anyway.

I have the basic hedge working right now, but am far from figuring out the rest of it.
  • #660
  • Mar 1, 2011 1:22pm Mar 1, 2011 1:22pm
Quoting ecTrade
Oh, I've been working on a single level hedge, where you open the first order with RSI towards tp_in_money mark ... which, if it doesn't reach, after the price starts to reverse, it opens 100% hedge in opposite direction.

So, you wait until a trend starts to develop and you say, Okay, fine, I'm going to setup a flag, noting this has happened, and wait for the trend to peak and, as soon as it begins to reverse (and establishes a pivot point?), and builds up enough momentum in the opposite direction, closeout the trade at the top and ride the profits...
Ummm - HUH?
I will wait to watch it backtest to see what you mean. You deserve a break, I know you have been working very hard on these.

You need to focus on one thing at a time and when that idea is done and if it doesn't work, then move to the next.

I still think the hedge levels will work, but I can wait until you are done with this idea if you want.

Thanks again for all of your hard work!
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