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Attachments: Another bit of Martingale lunacy
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Another bit of Martingale lunacy

Quoting SteveHopwood
Latest update in post 1. Please see 'Pivot'.


Thanks Steve--appreciated--you included more functions that I expected.
Just for a tip, please check this bot out on oil futures works great---with 50 pip SL 100-150 tp with daily pivot.


Best,
There is a bloop in the Pivot calculation function - fixed in post 1.

Hi Steve,

I think I have spotted copy-and-paste error on Bollinger Bands calculation, should the last parameter be 1 in both statements?

double PrevBbUpper = iBands(NULL, 0, BbPeriod, BbDeviation, 0, PRICE_OPEN, MODE_UPPER, 1);
double PrevBbLower = iBands(NULL, 0, BbPeriod, BbDeviation, 0, PRICE_OPEN, MODE_LOWER, 0);

Regards,
Z
Quoting zkucera
Hi Steve,

I think I have spotted copy-and-paste error on Bollinger Bands calculation, should the last parameter be 1 in both statements?

double PrevBbUpper = iBands(NULL, 0, BbPeriod, BbDeviation, 0, PRICE_OPEN, MODE_UPPER, 1);
double PrevBbLower = iBands(NULL, 0, BbPeriod, BbDeviation, 0, PRICE_OPEN, MODE_LOWER, 0);

Regards,
Z
Yes, thanks. I have fixed this - post 1 as usual. I have made them both a shift value of 0. I also tidied up a bit of the 'tp hit' code.

Cheers

zkucera has just pm'd to point out that the latest fix not only fails to fix the bloop, but actually made it works. As it stands, the BB code will kill trading stone dead for ever.

Proper fix in post 1.

Cheers Z. Most helpful, as always.

attached is my forward test and EA's set

223 trade.. almost 400 mini lot or 40 standard lot

if you IB of any broker.... you get comission

i set target at $30.. and close all trade ... and start again
Attached File(s)
File Type: rar my_set.rar   9 KB | 274 downloads
Simplicity your Life
steve.. i found if i use another EA to set a target profit,
so when target is reached, this ea will close all trade

the profit pair will start trade again with 0.1 lot....
but the negatice pair start with double lot

could you fix it please


regards
Simplicity your Life
great result if you know how to filter starting trade

i use 299 MA simple at 5mTF

buy if price above and Sell if price below
Attached File(s)
File Type: tpl smart way.tpl   18 KB | 191 downloads
Simplicity your Life
it's survived

set and forget

3 level maximum
tp 50 pips each pair

overall tp is 100

multi currency
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 7 KB
Attached File(s)
File Type: rar DetailedStatement.rar   9 KB | 139 downloads
Simplicity your Life
also i use rsi filter set to be TRUE
Simplicity your Life
Steve, if you have time to answer this.. how if i want to use this EA at same pair, but the first is alwayst start with sell and the 2nd always start with sell i already try to change magic number but it always only one position open, not both.. my idea is like this A. 1st EA 2nd EA start SELL 1 LOT start BUY 1 LOT if price going up so 1st EA hit SL and 2nd EA hit TP 1st EA 2nd EA open BUY 2 LOT OPEN SELL 1 LOT (and vicaversa..) B. if price going up again .so 1st EA hit TP and 2nd EA hit SL 1st EA open SELL 1 LOT 2nd EA open BUY 2 LOT other scenario is if price going down from section A, then 1st EA open SELL 4 LOT 2nd EA open BUY 2 LOT IMHO our equity will be more survive.. what do you think.... ? thx b4
Simplicity your Life
Quoting stevenali
Steve, if you have time to answer this.. how if i want to use this EA at same pair, but the first is alwayst start with sell and the 2nd always start with sell i already try to change magic number but it always only one position open, not both.. my idea is like this A. 1st EA 2nd EA start SELL 1 LOT start BUY 1 LOT if price going up so 1st EA hit SL and 2nd EA hit TP 1st EA 2nd EA open BUY 2 LOT OPEN SELL 1...
This sounds like something to blow whips fun-o-meter off the wall.

You have to turn off all auto-detection thingies as well as have a separate magic number and initial trade choice set to either long or short. The attached set files will do this for you- the titles refer to the direction of the initial trade and the bot will fire up the trade as soon as loaded and continue to fire them until you close it down. The trade comments refer to the type of trade that started the sequence.

Have fun. I have this idea running on demo already.

Attached File(s)
File Type: zip mystic for stevenali.zip   1 KB | 248 downloads
what a lighting fast answer.... many thx steve
Simplicity your Life
I liked the sound of this idea. However, Steve, I placed the 2 versions ea on demo using the recent set files and immediately noticed a problem. Lets say ea1 places a buy trade and ea2 places a sell trade. The market falls therefore ea1 hits sl and ea2 hits tp. We then get ea1 placing a sell trade for 2 the original lot size and ea2 placing a sell trade as it starts all over again.

I think the point Stevenali was suggesting was that the ea must also react to the most recent trade. ie in the above example ea1 places sell trade for 2x original lot size and ea2 changes to placing a single buy trade (even though the setfile is set up to trade short only). What we would need is for the ea to be able to place an initial trade upon restart which is the opposite of its last successful tp trade. This way each version of the ea always has an opposite trade helping to reduce the dd.

Hope this helps

Paul
Quoting paulbt38
I think the point Stevenali was suggesting was that the ea must also react to the most recent trade. ie in the above example ea1 places sell trade for 2x original lot size and ea2 changes to placing a single buy trade (even though the setfile is set up to trade short only). What we would need is for the ea to be able to place an initial trade upon restart which is the opposite of its last successful tp trade. This way each version of the ea always has an opposite trade helping to reduce the dd.

Hope this helps

Paul
It cannot do this.

Mind, I did have a bath earlier, so watch this space. Not immediately, but soon............

Hi Steave,

In the martingale method add with corralation Hedge pair (USDCHF)

Example

1) EURUSD is but sell pair USDCHF with martigale method
2) fIXED LOT SIZE

bye
ajentha
Attached Image(s) (click to enlarge)
Click to Enlarge Name: martigale.JPG Size: 167 KB
Click to Enlarge Name: martigale1.JPG Size: 161 KB
Hi Stave

See the profit for all market condition using Martingale with corlation Pair of EURUSD is USDCHF is always used for reduced draw down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: profit1.JPG Size: 193 KB
Click to Enlarge Name: profit2.JPG Size: 212 KB
Quoting ajentha
Hi Stave

See the profit for all market condition using Martingale with corlation Pair of EURUSD is USDCHF is always used for reduced draw down
I am not going to get involved in correlations. These are great until the correlation breaks down - and it does so frequently. You can easily find yourself on the wrong side of both trades with disastrous consequences and an even more rapid account wipe-out when martingaling.

Quoting SteveHopwood
It cannot do this.

Mind, I did have a bath earlier, so watch this space. Not immediately, but soon............

Steve

Perhaps Stevenali's idea would work with awesome as it could be set up to always trade long or short???

Paul
Martingale definitely will blow up account, if used blindly.

If combined with entry system with very high consistency, say 1 profitable trade every 4 entries, what do you think will happen? ;-)

You can still use it blindly if you like ;-)
The tone of your words reflects the quality and result of your trading ;-)
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