Pippo: A Murrey Maths Retrace EA | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Maths (ratio) problem 16 replies

Do i need to be a maths genius? 12 replies

How important is a knowledge of maths? 96 replies

Stupid maths 19 replies

Attachments: Pippo: A Murrey Maths Retrace EA
Exit Attachments

Pippo: A Murrey Maths Retrace EA

  • #181
  • Sep 16, 2011 1:05am Sep 16, 2011 1:05am
Quoting dietcoke
All,

I won't be continuing any work with Pippo.

Basically, having run it on test in various scenarios, eventually it "always" has you jumping through hoops to recover from massive drawdowns.

I know that plenty of you are comfortable with this no stop type of trading and recovery but it's not something I can trade.

I do believe that Murrey Math lines can work as S/R, just not in this format and it is likely that at some point, I will look to code something that uses them.

If anyone is interested in taking this forward, I'll post the...

Basically, having run it on test in various scenarios, eventually it "always" has you jumping through hoops to recover from massive drawdowns.

The truth is " all martingale systems fail ". They let the loss run and only seek for small profit or breakeven.

Can we turn this EA as a trend trader?
No one wants to be defeated~
  • #182
  • Sep 16, 2011 1:19am Sep 16, 2011 1:19am
I must disagree here. Since im not a fan of martingale i think it is a perfect tool not to suffer a loss. But this is a personal choice and individual degree of view. If you use it blindly, then yes, you loose like with any other system.

I was very long with martingale because I thought this could be what i wanted: perfect mechanical system that never loose a penny. Then I realize that it could be but has two weaknesses: You need great balance (which I cant afford to risk) and fixed reentry zones are a big problem.

And here we are again. Martingale system or whatewer system fail if you fail. In other words you are the one who determines if your system will be profitable or not whatever system you use..

So thats my 2 cents...
  • #183
  • Sep 16, 2011 11:35am Sep 16, 2011 11:35am
Quoting dietcoke
All,

I won't be continuing any work with Pippo.

Basically, having run it on test in various scenarios, eventually it "always" has you jumping through hoops to recover from massive drawdowns.

I know that plenty of you are comfortable with this no stop type of trading and recovery but it's not something I can trade.

I do believe that Murrey Math lines can work as S/R, just not in this format and it is likely that at some point, I will look to code something that uses them.

If anyone is interested in taking this forward, I'll post...
So sorry to hear this. Please could you post the latest code, as I believe you were testing a version which didn't consume so much CPU resource?

I love Pippo (my favourite EA), but am restricted to trading just a few pairs live because of this issue. I'd love to be able to trade many more pairs to spread the risk.

I agree that sometimes the DD does get tiresome, but I find the key is to use very small lots for the account size so it never becomes a worry. Then, just as it's becoming an old friend and you're getting used to living with it, along comes a major move which clears out the DD.

Anyway, thanks so much for your work on this DC - V18 was a huge improvement and very visionary. I'll certainly follow you in the future
  • #184
  • Sep 28, 2012 10:21am Sep 28, 2012 10:21am
Hello Guys,
I read the posts and got lost regarding the settings. If you can give me some help of what settings you are using that would be great. im using the v18 ea.
Thanks,
Paul
  • #185
  • May 22, 2014 6:45pm May 22, 2014 6:45pm
Any feedback on individual account progress or improvements on this EA (new settings or updates)?
  • #186
  • Apr 14, 2017 2:35am Apr 14, 2017 2:35am
great EA, thank you so much
  • #187
  • Edited May 5, 2022 5:56am May 4, 2022 2:04pm | Edited May 5, 2022 5:56am
Hello, not so long ago on the Internet I came across some great online math papers. He immediately put his son to solve tests in specialized mathematics, since he is not very good at mathematics and grades. online math courses have helped us a lot, thanks to them my son has a better understanding of mathematics and can go to university.
  • #188
  • Oct 5, 2023 1:25am Oct 5, 2023 1:25am
It's true that the Martingale system, like any trading strategy, can have both advantages and disadvantages. As you mentioned, the key to success with any system lies in how it's implemented and managed. Blindly following any strategy without a proper understanding of its risks and limitations can lead to losses.
You've also pointed out the importance of having a sufficient account balance to withstand the potential drawdowns associated with strategies like Martingale. Risk management is a critical component of trading, and it's essential to ensure that your capital is not at excessive risk.
  • #189
  • Last Post: Oct 20, 2023 10:22am Oct 20, 2023 10:22am
Quoting harrybranum
It's true that the Martingale system, like any trading strategy, can have both advantages and disadvantages. As you mentioned, the key to success with any system lies in how it's implemented and managed. Blindly following any strategy without a proper understanding of it is risks and limitations can lead to losses. You've also pointed out the importance of having a sufficient account balance...
Incorporating these principles into your trading approach can help mitigate the inherent risks associated with trading strategies like Martingale and enhance your overall chances of success. It's essential to approach trading with caution, discipline, and a well-thought-out strategy that aligns with your financial goals and risk tolerance.
0 traders viewing now