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SWB Martingale EA

  • #721
  • Mar 5, 2011 2:20pm Mar 5, 2011 2:20pm
thank you ectrade for your time this version work great
  • #722
  • Edited Mar 6, 2011 6:21pm Mar 5, 2011 7:27pm | Edited Mar 6, 2011 6:21pm
Just thought I would try this. Basically it's the same as version 05_A, except I added forward_trend option using RSI filter, just to see difference in overall success rate. So far it looks pretty good.

You folks are free to test and compare results if you like.

I also added a forward trend TP (fwd_tp) on first trade which, if you don't want to use, set it to 0.

Also, I'm considering adding an SMA filter but am not sure what settings to use. Any ideas? ... Domino?

Thanks.


ETA:

 

  1. Changed b_even_level to 10 ... per post #741.
  2. Normalized hedge lots ... per post #745.

Attached File(s)
File Type: mq4 swb grid 4.1_revised_05_B.mq4   24 KB | 979 downloads
  • #723
  • Mar 5, 2011 7:39pm Mar 5, 2011 7:39pm
This is an RMI indicator and maybe its better than RSI. Inside the mq4 file is a description how it works.
Attached File(s)
File Type: mq4 RMI.mq4   4 KB | 625 downloads
  • #724
  • Mar 5, 2011 8:58pm Mar 5, 2011 8:58pm
this set file for usdcad 5m starting balance 3000
Attached File(s)
File Type: txt usdcad5m.txt   8 KB | 581 downloads
  • #725
  • Edited 9:39pm Mar 5, 2011 9:13pm | Edited 9:39pm
Quoting ecTrade
Just thought I would try this. Basically it's the same as version 05_A, except I added forward_trend option using RSI filter, just to see difference in overall success rate. So far it looks pretty good.

You folks are free to test and compare results if you like.

I also added a forward trend TP (fwd_tp) on first trade which, if you don't want to use, set it to 0.

Also, I'm considering adding an SMA filter but am not sure what settings to use. Any ideas? ... Domino?

Thanks.

Very interesting!
So, if I am seeing this right.....instead of automatically jumping in with a counter trend trade, it will check the RSI first. If the RSI is downward favorable, then instead of firing a normal BUY it will fire a SELL instead with a tp of 20. That could be a great way to get some extra pips instead of firing levels. I will have to check it long term.

I did notice that it is not firing the hedge when this "forward trend" is turned on. I also noticed that it is stopping at 6 levels deep, even though I have 10 set. Are these done intentional?

As for the SMA, it depends on how you want to use it.
I found a real nice indicator years ago that I use instead of SMA. It was designed with the algorithm taken from the book "Cybernetics analysis for stock and futures" by John Ehlers called two pole super smoother filter. It is MUCH more accurate ("tight") to the price action than SMAs. You could put 2 of these on with different time frames and use the cross as the signal.

I just don't quite know how you plan to use it yet, but for starters you can try a 5 and a 20 cross as a filter. Heck, maybe if you are in a couple sell trades and you get a two pole cross, and RSI (or RMI) 50 cross, then it fires the hedge then? And not have it dependent on levels?

Take a look to see if you like it. You don't have to use it.

The RMI that E2u suggested does appear to be much smoother than the RSI. It may filter out bad signals.

OR - maybe with this filter idea, we bail on the hedge idea all together? Based on my backtests it actually seems that the hedge is not as safe as the original. With this new way of entering, we don't get caught in big runs the wrong way and we don't need to hedge......?
Attached File(s)
File Type: mq4 Ehlers Two Pole Super Smoother Filter.mq4   3 KB | 593 downloads
  • #726
  • Mar 5, 2011 9:33pm Mar 5, 2011 9:33pm
Quoting domino2-4x
Very interesting!
So, if I am seeing this right.....instead of automatically jumping in with a counter trend trade, it will check the RSI first.
No, it is set up to operate on RSI only. Am using it on 5M time frame.

Quote
That could be a great way to get some extra pips instead of firing levels. I will have to check it long term.
Actually, it's not working too great on short term, although I set forward TP to 40 instead of 20, and at least it's not crapping out right away. The problem is it does great so long as it's trending, but it doesn't know when to pull out when it loses momentum and begins to reverse? Maybe if I put an RSI exit filter on it like the hedge? Plus setting a break even level?

Quote
I did notice that it is not firing the hedge when this "forward trend" is turned on.
Try upper 72 and lower 28 on RSI exit ... or lower.

Quote
I also noticed that it is stopping at 6 levels deep, even though I have 10 set. Are these done intentional?
Not enough money perhaps? Mine cuts out at level 5, with $2,500 balance.

Quote
Take a look to see if you like it. You don't have to use it.

The RMI that E2u suggested does appear to be much smoother than the RSI. It may filter out bad signals.
Will take a look when I get time. Thanks.
  • #727
  • Mar 5, 2011 10:23pm Mar 5, 2011 10:23pm
Quoting pipernet
Hi All,

Starting this tread to discuss the SWB EA as written by Totom Sukopratmo at the request of a few members so as not to clutter up another great thread by NanningBob.

Basically this is a martingale EA. It enters trades on the 5 minute eur usd timeframe using Bollinger bands, stoch and rsi to determine entry. It is set to go 10 levels deep at 0.1 lots at 25 pips per lot. This could result in a draw down of over 5K. However it is rare for the euro to move 215 pips without some small retraces of between 10 and 25 pips and this is where...

nice system...i modified scalping + martiangle but allways daytrade....

this is sample my trading : http://compactfx.mt4stats.com/
  • #728
  • Mar 5, 2011 10:24pm Mar 5, 2011 10:24pm
Quoting ecTrade
No, it is set up to operate on RSI only.
If you are using the RSI only, then isn't this basically just "reverse trading" the original?

I mean, the original will SELL when the RSI gets above 70, this fires a BUY....and if it is not right, then it starts using the levels?

Is this just so you are not caught the wrong way when it starts to trend?
I do think what make this such a good EA and take as many wins as it does is because it IS counter trend, but I will test them both to see. Apparently, the forex only trends 30% of the time last I read.

My earlier post didn't make sense, I now realize. You couldn't confirm with the RSI as a filter because the RSI was part of the signal that fired.

I have done a month so far, and it is still looking good. I bet if you have enough money, it could be fine.
  • #729
  • Mar 5, 2011 11:10pm Mar 5, 2011 11:10pm
Quoting ecTrade
Maybe if I put an RSI exit filter on it like the hedge? Plus setting a break even level?
This would be an interesting experiment.....

What if...instead of TP of 20, you added anti-martingale levels in the positive direction, then used the an RSI exit filter like the hedge, plus a break even level.

That way, if is down, it martingales to make up, if it is trending up, it anti-martingales adding to the position, maybe always locking in the first level, when you fire the second level?

Hmmmm
  • #730
  • Mar 6, 2011 4:52am Mar 6, 2011 4:52am
Sorry English is not perfect, use google translator !!

1 ° to ensure that the take profit remains constant, ie: if you set it to 20 pips, 20 pips from stays at each position, hours and shifts by setting the take of all open positions at 20 pips from 'Last open.

2 ° with reverse buy sell and vice versa, so that the opposite works (in trend and not controtrend) and opportunity 'to make it work on constant currency on a different graph, changing the magic number.

thanks Kand
Attached File(s)
File Type: mq4 swb grid 4.1.mq4   12 KB | 526 downloads
  • #731
  • Mar 6, 2011 5:04am Mar 6, 2011 5:04am
Thanks for all members in this thread, its really vary good EA,

whats mean 'power_lots' ?

If anyone can provide this thread with documentation

Special thanks to ecTrade
  • #732
  • Mar 6, 2011 10:10am Mar 6, 2011 10:10am
Quoting domino2-4x
This would be an interesting experiment.....

What if...instead of TP of 20, you added anti-martingale levels in the positive direction, then used the an RSI exit filter like the hedge, plus a break even level.

That way, if is down, it martingales to make up, if it is trending up, it anti-martingales adding to the position, maybe always locking in the first level, when you fire the second level?

Hmmmm
Forget this idea - I'm an idiot!
With only a 25 pip retrace you will loose all of the gains.
  • #733
  • Mar 6, 2011 10:19am Mar 6, 2011 10:19am
Quoting domino2-4x
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.
i got that end drop as well. is that supposed to be smthing to worried?
  • #734
  • Mar 6, 2011 10:20am Mar 6, 2011 10:20am
Quoting madmax85
Thanks for all members in this thread, its really vary good EA,

whats mean 'power_lots' ?

If anyone can provide this thread with documentation

Special thanks to ecTrade
Power lots increases your start lot size as your account increases.
I don't know the exact %, but I believe every 5% growth it adds a .01 on to your start lot size. It keeps your same pips you were taking before so it also adjusts your tp_in_money accordingly.

very effective and highly recommended.

We will post all of the settings when we get it complete.
  • #735
  • Mar 6, 2011 10:29am Mar 6, 2011 10:29am
Quoting freqzz
i got that end drop as well. is that supposed to be smthing to worried?
So far, my 2 year backtest have failed with the hedge version on level 3, 4 & 5. I haven't tried the others.

We are still trying to modify it to where it has less draw down and safer than the original.

However, if you are not greedy & use micro lots the original way seems to be the safest for now. Actually, using the latest rev 05 with the hedge turned off and using power lots is the best way.

But, we are trying to improve it so you don't have to set your start lot size so low allowing room for a 10 level trade an any moment.
  • #736
  • Mar 6, 2011 10:31am Mar 6, 2011 10:31am
Quoting domino2-4x
So far, my 2 year backtest have failed with the hedge version on level 3, 4 & 5. I haven't tried the others.

We are still trying to modify it to where it has less draw down and safer than the original.

However, if you are not greedy & use micro lots the original way seems to be the safest for now. Actually, using the latest rev 05 with the hedge turned off and using power lots is the best way.

But, we are trying to improve it so you don't have to set your start lot size so low allowing room for a 10 level trade an any moment.
thanks. will cont to try the best setting.
  • #737
  • Mar 6, 2011 10:43am Mar 6, 2011 10:43am
Quoting domino2-4x
Power lots increases your start lot size as your account increases.
I don't know the exact %, but I believe every 5% growth it adds a .01 on to your start lot size. It keeps your same pips you were taking before so it also adjusts your tp_in_money accordingly.

very effective and highly recommended.

We will post all of the settings when we get it complete.

I too am trying to figure out the power lots. I've been starting all my tests with a £1000 balance, £5 TP and a starting lot .1. It seems to be adding .01 every £100 increase. The test Im currently on is up to £2832 which opened with .28 lots and will be looking for a TP around £14.30.
I believe the current risk is still equal to the starting risk back at £1000, £5tp and .1 lots. Which would be 10%
  • #738
  • Mar 6, 2011 10:56am Mar 6, 2011 10:56am
Quoting Dazzafx
I too am trying to figure out the power lots. I've been starting all my tests with a £1000 balance, £5 TP and a starting lot .1. It seems to be adding .01 every £100 increase. The test Im currently on is up to £2832 which opened with .28 lots and will be looking for a TP around £14.30.
I believe the current risk is still equal to the starting risk back at £1000, £5tp and .1 lots. Which would be 10%


Got it now. I would appear power lots are based on two percentages set on your initial inputs. Hence in my previous post the relationship between the starting balance 1000 and lot size .1 remain the same, so its true that 2800 balance would equal .28 lots and second the relationship between balance and start lot will remain constant.
So percentage of risk is not hard set, its what ever you want it to be based on your initial inputs.
  • #739
  • Mar 6, 2011 12:35pm Mar 6, 2011 12:35pm
can anyone explain what the hedge setting are? what it does like h_factor thanks
  • #740
  • Mar 6, 2011 1:32pm Mar 6, 2011 1:32pm
Quoting Dazzafx
So percentage of risk is not hard set, its what ever you want it to be based on your initial inputs.
Yeah, it's all based upon the ratio between initial lot size and initial equity, which is maintained throughout by multiplying it by current equity ... i.e., (lots/initial equity) x current equity. This is how I came up with the original calculation anyway. If you look at the code on the EA, it's not quite the same, but it effectively does the same thing.
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