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SWB Martingale EA

  • #701
  • Mar 3, 2011 11:49pm Mar 3, 2011 11:49pm
Oh, I guess I forgot to set the hedge back to level 5. I meant to, but I was too busy running a test and forgot. So, what do you think would be a good default setting? Or, should I just leave it set at level 1?

I also meant to say if you start hedging at a lower level, even level 1, you are less likely to crash and can start with a smaller deposit. Plus, since the hedge doesn't fire each time anyway, only when there appears to be enough momentum to get past the break even point, then maybe it's not that big of an issue?
  • #702
  • Mar 4, 2011 12:04am Mar 4, 2011 12:04am
giving it a go.

will update.

backtest on GU and EU look superb tho.

trying on live acc on small lots for the whole week next week.

if this work.. imma buy everyone champagne.
Attached Image (click to enlarge)
Click to Enlarge Name: Martingale.gif Size: 7 KB
  • #703
  • Mar 4, 2011 9:10am Mar 4, 2011 9:10am
Quoting ecTrade
Oh, I guess I forgot to set the hedge back to level 5. I meant to, but I was too busy running a test and forgot. So, what do you think would be a good default setting? Or, should I just leave it set at level 1?

I also meant to say if you start hedging at a lower level, even level 1, you are less likely to crash and can start with a smaller deposit. Plus, since the hedge doesn't fire each time anyway, only when there appears to be enough momentum to get past the break even point, then maybe it's not that big of an issue?
I think level 1 is too early. I think level 3 should be a good safe level, without going overboard.
  • #704
  • Mar 4, 2011 11:26am Mar 4, 2011 11:26am
Quoting Matheusco
ectrade thanks for the new version !
Is there any version with a time set ?
Are you talking about trading sessions, like Asian, European and New York? If so, then yes. The last three versions, 04_A, 04_B and 05, contain this as part of the includes.

Oops! It looks like I forgot the code for the includes in version 05. Actually I did once, but messed the code up somewhere, so I had to revert to an earlier version and start over again. Hopefully I didn't miss anything else!

You'll have to re-download if you want to include the trading sessions and TradePlot script ... although it's only necessary to download the EA, not the includes if you already have.

Sorry!
  • #705
  • Mar 4, 2011 12:37pm Mar 4, 2011 12:37pm
EC-
It looks like the program is running exactly as it should. However, there are times when it could get into trouble.

This is an example of why we need to keep the hedge multiplier close to 1.
Here you can see I have it at 1.25 (125%).

When the second hedge is triggered, it is the lot size equivalent of a 10 level trade! Even though I am hedging after level 4, you can see it added 4 more levels and we could get into trouble real quick.

I am wondering if it would work if the second hedge was the same lot size as the first hedge? Obviously, it would not match the lot sizes of all of the other trades, but would it work and be safer? Maybe it would just help the other trades hit the tp_in_money faster when it retraces, and not made to close it out if there are more levels added.

http://i1084.photobucket.com/albums/...evel-hedge.jpg

Thoughts?
  • #706
  • Mar 4, 2011 12:54pm Mar 4, 2011 12:54pm
Quoting domino2-4x
When the second hedge is triggered, it is the lot size equivalent of a 10 level trade! Even though I am hedging after level 4, you can see it added 4 more levels and we could get into trouble real quick.
Actually, so long as your broker allows you to hedge, it shouldn't make any difference. Everything is balanced out so that it is "even," in fact, the margin will even reflects this or, whatever the current balance is with no trades showing ... I believe?
  • #707
  • Mar 4, 2011 1:18pm Mar 4, 2011 1:18pm
Well - I need to figure out what is happening then.

There should be no way that a 12k account can be wiped out using .02 lots, hedging on level 4.

http://i1084.photobucket.com/albums/...ktest-fail.jpg

The original can make it through using .05 lots with 10k.
The hedge version is supposed to be safer, not riskier.
  • #708
  • Mar 4, 2011 1:34pm Mar 4, 2011 1:34pm
hi ectrade on version .05 i cant open it plus it still doesn't have asian,ny ,euro time setting option thanks
  • #709
  • Edited 2:55pm Mar 4, 2011 2:31pm | Edited 2:55pm
Quoting domino2-4x
There should be no way that a 12k account can be wiped out using .02 lots, hedging on level 4.
Except of course if you double the lot size at each level, the standard lot total (without hedge) at 8 levels (per your first post) would be 5.1. I don't know about a 12k account, but for anything less than that it might be enough to wipe it out. Now if you placed a 125% hedge, that's 6.375 - 5.1 or 1.275 lots total, which seems negligible ... that is, until you drop the hedge and the price swings the other way, then you might have a problem. But, it's not the hedge causing the problem, it's the lack of a hedge. In other words the maximum trade level is set too high.

Or, are you saying the hedge is still open and that when the price swings against it, this could pose a problem?

I suppose I can add a maximum lot limit for the hedge. That would be easy enough.
  • #710
  • Mar 4, 2011 2:50pm Mar 4, 2011 2:50pm
Quoting james629
hi ectrade on version .05 i cant open it plus it still doesn't have asian,ny ,euro time setting option thanks
That's probably because I forgot to add the code for the includes. In which case you'll have to re-download it. You also have to make sure you have the correct includes, because I got that mixed up too. These are on post #694.
  • #711
  • Mar 4, 2011 3:11pm Mar 4, 2011 3:11pm
Quoting domino2-4x
The original can make it through using .05 lots with 10k.
The hedge version is supposed to be safer, not riskier.
Yeah, I noticed it doesn't help me out much either when set to anything greater than level 3. This is why I think it's better employed the earlier the better. Of course I'm also testing it with a US broker with 50:1 margin, and it won't go nearly as far without a margin call, although when they occur now, they are not nearly as devastating (ususally). I figure if I can get past the majority of the margin calls that didn't use to occur, then I've accomplished something.

But, then again, maybe we are just wasting our time? Although I suspect it would perform a lot better on an "unregulated" account.
  • #712
  • Edited 4:05pm Mar 4, 2011 3:28pm | Edited 4:05pm
Quoting ecTrade
Yeah, I noticed it doesn't help me out much either when set to anything greater than level 3. This is why I think it's better employed the earlier the better. Of course I'm also testing it with a US broker with 50:1 margin, and it won't go nearly as far without a margin call, although when they occur now, they are not nearly as devastating (ususally). I figure if I can get past the majority of the margin calls that didn't use to occur, then I've accomplished something.

But, then again, maybe we are just wasting our time? Although I suspect it would...
I am testing it on a 500:1 account with hedging.
I was thinking the same thing, however so far, level 3 & 4 have zeroed out the account during a 2 year backtest. This is mainly due to a 400 pip run on 3/19/09. With the 3 and 4 level hedge, it is not firing the regular levels. So when the hedge closes out with a decrease in RSI, it's too far behind and can't recover. The hedge trade wasn't enough to close out the trades due to the low hedge multiplier. When 2 more levels are fired it keeps going up and doesn't retrace, the acct is done.
Level 5 is looking good so far. It's gets past that day ok.
  • #713
  • Mar 4, 2011 3:43pm Mar 4, 2011 3:43pm
guys.. i have downloaded the latest version.. bit it wont run on a back test..In fact t wont let me open the properties.. to change lot size etc... i get the message:

2011.03.04 21:41:41 Cannot open file 'Crogram FilesFXDD Malta - MetaTrader 4expertsswb grid 4.1_revised_05.ex4' on the ,

All the other versions work. What am I doing wrong?
  • #714
  • Mar 4, 2011 4:01pm Mar 4, 2011 4:01pm
Quoting Viv108
guys.. i have downloaded the latest version.. bit it wont run on a back test..In fact t wont let me open the properties.. to change lot size etc... i get the message:

2011.03.04 21:41:41 Cannot open file 'Crogram FilesFXDD Malta - MetaTrader 4expertsswb grid 4.1_revised_05.ex4' on the ,

All the other versions work. What am I doing wrong?
Make sure you are using the include files from http://www.forexfactory.com/showthre...26#post4444926.

Overwrite your other ones.
(and of course make sure they are in the "include" folder under the experts folder.)
  • #715
  • Mar 4, 2011 4:16pm Mar 4, 2011 4:16pm
hi. I hve just done that...

I have saved those files in the include folder - they are all .mqh - and I even downloaded the revised_05 EA again... still same message!!!

I wonder what could be the reason...


ignore me... it is working! THANK YOU!
  • #716
  • Mar 4, 2011 5:40pm Mar 4, 2011 5:40pm
my broker does not allow hedging. Is there hope for me with this EA? All back tests for the past few years have crashed.
  • #717
  • Mar 4, 2011 7:02pm Mar 4, 2011 7:02pm
Quoting Viv108
my broker does not allow hedging. Is there hope for me with this EA? All back tests for the past few years have crashed.
You can use the original version of this on page 1 of this thread if you have enough money. You need at least 2k on .01 microlots and it should be fine.

It does not hedge.
  • #718
  • Mar 4, 2011 11:45pm Mar 4, 2011 11:45pm
sorry to bother but i try many times and redownload but still get
i have downloaded the latest version .05.. but it wont run on a back test..In fact t wont let me open the properties.. to change lot size etc... i get the message:

2011.03.04 21:41:41 Cannot open file 'Crogram FilesFXDD Malta - MetaTrader 4expertsswb grid 4.1_revised_05.ex4' on the
  • #719
  • Mar 4, 2011 11:46pm Mar 4, 2011 11:46pm
Hi Everybody
Could someone explain the entry and exit criteria of the EA and perhaps post a Template as I like to see a visual of the actual EA.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #720
  • Edited 3:05pm Mar 5, 2011 12:08pm | Edited 3:05pm
Quoting james629
sorry to bother but i try many times and redownload but still get
i have downloaded the latest version .05.. but it wont run on a back test..In fact t wont let me open the properties.. to change lot size etc... i get the message:

2011.03.04 21:41:41 Cannot open file 'Crogram FilesFXDD Malta - MetaTrader 4expertsswb grid 4.1_revised_05.ex4' on the
Okay James, this one's for you.

There are no includes to download, just the EA itself.
Attached File(s)
File Type: mq4 swb grid 4.1_revised_05_A.mq4   23 KB | 868 downloads
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