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SWB Martingale EA

Okay, I made a few mods to version 05_D ...

First, I standardized h_rsi_entry and made h_velocity optional ... although to use either, h_rsi_entry should be set true. Or, if it's set to false, the hedge won't work. That's just the way it's set up currently.

To use h_velocity, set it to true. If you want to use rsi settings instead, but with velocity "idea," set use_h_rsi to true.

Another thing I did was remove h_loss_factor, as it didn't appear to be used and wasn't working right. Plus, I modified closeall process to include tp_by_level profit, which it wasn't counting.

Again, here is the download.
Okay, I just added velocity indicator to forward_trend. To use, set use_velocity to true and, you might want shut the hedge off. I'm also not sure which period or offset settings are the best so, you'll have to experiment.

Also make sure forward_trend is set to true.

Again, here is the download.
Quoting ecTrade
Okay, I just added velocity indicator to forward_trend. To use, set use_velocity to true and, you might want shut the hedge off. I'm also not sure which period or offset settings are the best so, you'll have to experiment.

Also make sure forward_trend is set to true.

Again, here is the download.

What do you mean by forward trend?
when set forward trend to true i get error
2011.03.08 16:49:572010.08.23 14:46 Cannot open file 'Crogram Files (x86)Go Trader MT4expertsindicatorsJ_TPO_Velocity.ex4' on the USDCAD,M5
Quoting thor68
What do you mean by forward trend?
This is a term others have used when describing an EA that opens orders while following the trend. While they describe the way this EA typically operates as counter trend ... although I think it may be more a matter of establishing a pivot point. I don't know for sure?
Quoting james629
when set forward trend to true i get error
2011.03.08 16:49:57 2010.08.23 14:46 Cannot open file 'Crogram Files (x86)Go Trader MT4expertsindicatorsJ_TPO_Velocity.ex4' on the USDCAD,M5
Oops! Sorry.

You will need to download this and put it in your indicator folder.
Attached File(s)
File Type: mq4 J_TPO_Velocity.mq4   7 KB | 649 downloads
Quoting ecTrade
Okay, I just added velocity indicator to forward_trend. To use, set use_velocity to true and, you might want shut the hedge off. I'm also not sure which period or offset settings are the best so, you'll have to experiment.

Also make sure forward_trend is set to true.

Again, here is the download.
Hey, this test ran all the way from 6-17-09 to 3-19-10, although there's a big chunk of data missing between 9-28-09 and 12-01-09. That's because I'm testing it on a mini account and I am unable to get the data from MetaQuotes. I was mainly concerned with what happened between December and March anyway (on EURUSD).

I started out with $2,500 balance and made $975 profit. I think the settings may a bit too low though. Also, if the data wasn't missing (that is, if it didn't fail), I could probably add another $300 to that.
Attached Image (click to enlarge)
Click to Enlarge Name: swb_velocity.gif Size: 7 KB
Oh well, it finally crapped out on May 10, 2010 ... with $1,500 profit.
Attached Image (click to enlarge)
Click to Enlarge Name: swb_velocity_2.gif Size: 9 KB
Hi,

the system works great. Hats off to the coder.

I only have one request, can this EA implement a increment on lot based on risk %?

Meaning if i started with a balance of 1000 and first lot open is 1. after that it will adjust the lot based on maximum risk i am willing to take. example, 3% from current balance. so the next one, will scale accordingly?

Is that too much to ask?

thanks in advance.
EC-
I don't believe the hedge multiplier is working right.
I think it is stuck at 1.

Here you can see I have it set to 2, but it is using 1.

http://i1084.photobucket.com/albums/...multiplier.jpg

Am I missing something?
Quoting freqzz
Hi,

the system works great. Hats off to the coder.

I only have one request, can this EA implement a increment on lot based on risk %?

Meaning if i started with a balance of 1000 and first lot open is 1. after that it will adjust the lot based on maximum risk i am willing to take. example, 3% from current balance. so the next one, will scale accordingly?

Is that too much to ask?

thanks in advance.
FYI - to use this system you need to start with either a lot of money or very small lot sizes. If you were to try to start with 1 on the first lot, your account would hit zero in the first week. You need to start with .01 lot sizes and have at least 2000 to do that. You want to make sure it can go 9 levels deep and only be maybe 50% of your account at that. (Preferably 15%)

The "power lots" option does scale accordingly with your account balance.

There are a lot of factors you can adjust depending on your risk level that can drastically change how much risk you take.
1) multiplier
2) hedge multiplier
3) start lot size
4) how many levels you want to go deep
5) the amount of pips as take profit on your hedge
6) the size of the levels - if you increase the 25 to 40 it will be less levels, but harder to recoup.

As you can see - it isn't as easy as most EA's where you can just say 5% risk and away you go.
Quoting freqzz
I only have one request, can this EA implement a increment on lot based on risk %?
This is kind of like what the power lots setting is supposed to do. You decide what's an acceptable lot to account size risk initially, and it will increment everything based upon that ratio (lots/initial balance). So, if you started out with a balance of $2,500 at .1 lots, by the time it gets to $5,000, the lot size will be .2 lots. That's the same ratio.
tq for the clarification.

I will optimise the settin then.

Cheers.
Quoting domino2-4x
EC-
I don't believe the hedge multiplier is working right.
I think it is stuck at 1.

Here you can see I have it set to 2, but it is using 1.

Am I missing something?
You're right. I created a special function just to calculate hedge lots but, I forgot to include the h_factor.

Oh well, since I can no longer modify version 05_D, I guess we'll have to go with version 05_E. I haven't actually tested it yet, so I'd appreciate it if you let me know how it works, okay?

Thanks.
Attached File(s)
File Type: mq4 swb grid 4.1_revised_05_E.mq4   25 KB | 1,485 downloads
I do not use hedge, so no problem with me.

But can someone try this setting and give comment/feedback?

just rename the ext from txt to set.

Cheers
Attached File(s)
File Type: txt testeurusd.txt   2 KB | 624 downloads
Quoting freqzz
I do not use hedge, so no problem with me.

But can someone try this setting and give comment/feedback?

just rename the ext from txt to set.

Cheers
Okay, what folder are you supposed to save it into? And how do you load it afterwards?
Quoting ecTrade
Okay, what folder are you supposed to save it into? And how do you load it afterwards?
Rename it to .set, then you can put it anywhere. The default folder is the tester folder under the root install. But, you can browse anywhere to get it.

In the expert properties dialog box, hit LOAD then browse to pick the file.

I can tell already the start lot of 1.5 is not going to work unless you have 100,000!
Quoting domino2-4x
Rename it to .set, then you can put it anywhere. The default folder is the tester folder under the root install. But, you can browse anywhere to get it.

In the expert properties dialog box, hit LOAD then browse to pick the file.

I can tell already the start lot of 1.5 is not going to work unless you have 100,000!
yup.

the trade stopped at 3. ++ lot. not enuff money.

i have adjust it to 0.5
Quoting domino2-4x
Rename it to .set, then you can put it anywhere. The default folder is the tester folder under the root install. But, you can browse anywhere to get it.

In the expert properties dialog box, hit LOAD then browse to pick the file.

I can tell already the start lot of 1.5 is not going to work unless you have 100,000!
Hey, thanks!

Oh, he's using increments set at 0.3 instead of lot multiplier, so 1.5 lots sounds like it might be okay, although it still seems a bit high. I also noticed he had range multiplier set to 3.0, which will probably put you out of range after the second or third trade. I'm thinking you probably don't want it much higher than 1.5 or, possibly 2.0.
Quoting ecTrade
You're right. I created a special function just to calculate hedge lots but, I forgot to include the h_factor.

Oh well, since I can no longer modify version 05_D, I guess we'll have to go with version 05_E. I haven't actually tested it yet, so I'd appreciate it if you let me know how it works, okay?

Thanks.
i got this error.


2011.03.09 21:44:47TestGenerator: unmatched data error (volume limit 379 at 2010.12.10 12:00 exceeded)
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