Progression trading journal

Hi all,

I'm back! This time I try something I did a while ago, progression trading using an EA made by myself. I've adapted my old sequencer EA to work with 5 digits and Oanda which was quite "amusing" because Oanda overwrites the comment section which I need to reinitialize the EA after a disconnect/crash whatever. You can use the EA at your own risk, I've attached it including the source.

It's just the Lucky-7-Setup from FxTradePro

So this approach is NOT based on a direction but based on volatility! All I need is a move, not a range. For entries I will take Phil Nels 5m scalping approach to be somewhat sure that we have some kind of a "trend".

Start amount: €1,000

Link to MyFxBook: http://www.myfxbook.com/members/Xaro...ression/131921

BTW: I still trade other styles like BWILC and grid trading which works better again. Strange enough as soon as I did not post anything more it became better. LOL.

Cheers - Xaron

You are not alone I have done more than my fair share of homework and stumbled upon the original thoughts of martingales and the 24 step sequences 1.5 years ago.

I have been working a lot and expanding on it and Ironically mathematically the 7 level is about as good as it gets. I play with stop loss/Target profit and lot sizing levels to reach my desired effects. My biggest numbers I look at and play with are obviously the R/R and using stoploss as a function of volatility.

Its not easy, but selective entries are key!

Thanks you're right!

After an unsuccessful start yesterday I had two sequences today which reached their TP.
First hit the TP in the 4th progression, the second one in the 3rd.

http://www.xaron.net/dl/fx/2011/prog...ky7_070711.png

Does your EA need to inlcude another file labeled "stderror.mqh". It is commented as "// handles errors". Right now this is what I am seeing from the code! Other than that thank you for making this!


and nice job on cruising through those 2 losses. I believe selective entries even in unfavorable times can still yield positive returns!



good luck!

Yep. This file comes with MT4 per default.

2 trades today, both progressions hit its target in the second level:

http://www.xaron.net/dl/fx/2011/prog...ky7_080711.png

Hi Xaron,

I was looking for an EA or script that I can manually enter trade in sequence. I just stumbled upon your Sequencer EA which work the way I want.
I want to apply and run your EA but it is not MT4 Build 6/700+ compatible.
My humble request if you can make it to run on B6/700.

Most appreciative of your help.

Thanking you in advance.

Vincent