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SWB Martingale EA

  • #861
  • Sep 20, 2011 1:59pm Sep 20, 2011 1:59pm
Is it possible to let level 1 take 30 pips profit before closing but if it goes to level 2 or above let it close with 10 pips profit?

Because I am getting lots of level 1's closing before reaching level 2.

Manual would be handy too.
  • #862
  • Oct 27, 2011 10:09pm Oct 27, 2011 10:09pm
Is it possible to modify the EA to increase the levels range size after it reach level 5 for example, to a higher range, let's say the double of what you are using from level 1 to 5, it will help a lot to avoid or delay the death trade. Sometimes the market move 50, 80 pips very quickly without reversing, but it is very rare that moves 150, 200 pips without reversing few pips to close at +$5.00 or at breakeven. Even if after increasing the range size the price keeps moving in only one direction without reversing at all, we can choose to close instead of +$5, to a negative value, like close everything when it reverse and the profit in money is -$20, -$40, -$50, etc. instead of closing everything at a stoploss and taking a big loss.

Is anybody following this thread or interested in doing those changes to the EA? I would like to see those changes done on the original version, the 4.1.
  • #863
  • Oct 28, 2011 2:48am Oct 28, 2011 2:48am
I've been using version 4.1.0.3 for more than a year, because of it is simple , to live trading.
All I wish now if the EA able to automatically initiate :

1. Trailing Stop
2. Start lot size entry with relative to Balance/Equity, say x/10000 will be fine
3. Increase the range for higher level entry, say at a rate of 10%

All this while I've been doing all that manually, and it increases my equity, especially at higher levels when the market is trending, get some pips (bigger lot size ) from pullback/retrace before the trend continues. .

I trade Eur/Usd, and you all know how the pair moves now...

Please help, anyone with programming expertise, very much appreciated
  • #864
  • Oct 28, 2011 10:41am Oct 28, 2011 10:41am
Hi Ditto, you said you have been using this Ea for more than a year now, please if you can tell me how many times have you reach your max. level amount and what have you done in that case? It happen to me once, it reach the 10 level and I closed everything at that point with a big loss, to realize that few candles later the price went down and if I waited I could have closed with a profit. I think that increasing the range after a certain level will help a lot to give time to the market to retrace after a big move so we can close at least at breakeven. I hope someone can add this to the ea. Please, let me know your experiences with this ea, I like it a lot, but I think needs few modifications.

Thanks

Quoting DittoDali
I've been using version 4.1.0.3 for more than a year, because of it is simple , to live trading.
All I wish now if the EA able to automatically initiate :

1. Trailing Stop
2. Start lot size entry with relative to Balance/Equity, say x/10000 will be fine
3. Increase the range for higher level entry, say at a rate of 10%

All this while I've been doing all that manually, and it increases my equity, especially at higher levels when the market is trending, get some pips (bigger lot size ) from pullback/retrace before the trend continues. .

I...
  • #865
  • Oct 29, 2011 1:32am Oct 29, 2011 1:32am
Quoting Alpiberi
Is it possible to let level 1 take 30 pips profit before closing but if it goes to level 2 or above let it close with 10 pips profit?

Because I am getting lots of level 1's closing before reaching level 2.

Manual would be handy too.
This is a very good idea, I traded live with this EA in 2010 and all was going well until the GBP started to get beaten up.

One week it went to L8 (vs USD), without a 25 pip retrace and the following week it reached L11 against CHF. The EA has the potential to make very good profits but, in it's present form, it can do serious damage to your account.
  • #866
  • Oct 30, 2011 7:06am Oct 30, 2011 7:06am
Quoting fxmaps
Hi Ditto, you said you have been using this Ea for more than a year now, please if you can tell me how many times have you reach your max. level amount and what have you done in that case? It happen to me once, it reach the 10 level and I closed everything at that point with a big loss, to realize that few candles later the price went down and if I waited I could have closed with a profit. I think that increasing the range after a certain level will help a lot to give time to the market to retrace after a big move so we can close at least at breakeven....
Yes, it happened to me using original setting and a few times on modified settings. Burnt my accounts on the original and some of the earlier modified ones. Then I stopped using it, going back to my usual manual trading while keep testing the EA on demos, until I got the current setting which I use since last year.
Main points in my setting are Start Lot size, Take Profit, Multiplier, Range, the use of Trailing Stop and the Time Frame which is 1 minute .
I'll explain later...brb...
  • #867
  • Oct 30, 2011 8:58pm Oct 30, 2011 8:58pm
Quoting Alpiberi
Is it possible to let level 1 take 30 pips profit before closing but if it goes to level 2 or above let it close with 10 pips profit?

Because I am getting lots of level 1's closing before reaching level 2.

Manual would be handy too.
To Alpiberi:

I am not a programmer but I managed to do those changes to the EA. You will see now 2 tp_in_money parameters. Tp_in_money1 is for level 1, and Tp_in_money2 is for the rest of the levels. Is set up at $25 (the same size of the range) and $5, if level 1 don't reach tp_in_money1, the Ea will close all open positions starting from level 2 as soon as it gets $5.00 in profit. You can modify those settings if you wish.

Even though this modification improve the ea a little bit, the most important modification that needs to be done is the option of increasing the range as soon as the EA start open too many countertrend positions. Let's say level 1 and 2 at 25 range, level 3 at 35, level 4 at 40, level 5 at 50, etc. and this is just an example, it could be different range settings. I am surprised that those changes where not done when ectrade was working on this EA a year ago despite several people requested it. The hedging feature he coded in another version is a very good feature, but still with a fixed range, this EA will keep crashing soon or later.

I will take a look again to see if I can manage to ad this feature to the EA, but it seems difficult. I hope some programmer in this forum pass by this thread and help us to modify it.

To Ditto: Thanks for your reply. Please, share your settings when you have time so I can try them and see.
Attached File(s)
File Type: mq4 SWB GRID 4-1 Modified.mq4   13 KB | 1,453 downloads
  • #868
  • Oct 31, 2011 4:11am Oct 31, 2011 4:11am
The overnight Yen move is a prime example of how this EA can blow your account, if you're running it 24 hours a day. EJ went up approx 300 pips, before any hint of a retrace.

If this type of account wrecking price action can be countered, then the EA would be a world beater.
  • #869
  • Oct 31, 2011 3:56pm Oct 31, 2011 3:56pm
I use the followings on 1 minute time frame :

Start Lot : 1/10000 of Balance/Equity (maximum). My accounts are of non-standard (1 lot size = $1/pip value). Meaning that if I have $1000 in the account, my start lot will be 0.10 . Normally I use 1/20000

Range : Minimum 50. This is where I do it manually after a new entry is opened. I refer to support/resistance level to set it, but not too far away except at higher levels where the range may be more than 100

Multiplier : 1.5

tp_in_money : 10 pips value . Meaning that if 1 pip = $1 , set it to 10.0

Trailing Stop : I initiate it for every levels after L1, using the 15 points (150 points for 5-digit platform). This is where I wish someone could incorporate it in the EA because sometimes I missed doing it. The reason is the price might not retrace so much ( I got thousands of 1 pip misses) and then move away again. By using the trailing stop I can catch some pips to increase my equity especially at higher levels...

That's all folks..thank you.
  • #870
  • Oct 31, 2011 6:06pm Oct 31, 2011 6:06pm
Quoting DittoDali
I use the followings on 1 minute time frame :

Start Lot : 1/10000 of Balance/Equity (maximum). My accounts are of non-standard (1 lot size = $1/pip value). Meaning that if I have $1000 in the account, my start lot will be 0.10 . Normally I use 1/20000

Range : Minimum 50. This is where I do it manually after a new entry is opened. I refer to support/resistance level to set it, but not too far away except at higher levels where the range may be more than 100

Multiplier : 1.5

tp_in_money : 10 pips value . Meaning that if 1 pip = $1 , set it to...
Thanks Ditto, your settings are very close to the ones I was using except for the range that was smaller, but I knew that in order to survive the market with this EA the range had to be bigger, but at the same time, the bigger the range, the longer it takes to close trades and it take too little trades also, that's what I was talking about the feature of the adaptive range according to the levels.

The good news is that I almost figure it out how to change that, I am doing some modifications to the EA and after I test it, I will post it for you guys so you can try it out. The feature of the trailing stop I will have to see later on if I can add it, but for now you can use this trailing stop ea so you don't need to do it manually, just add it to other chart and it will trail all your positions.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 958 downloads
  • #871
  • Oct 31, 2011 7:31pm Oct 31, 2011 7:31pm
Here is the EA with the feature for changing range values for different levels. Please, test it and play with different settings and let me know
Attached File(s)
File Type: mq4 SWB Grid 4.1 with Adaptive Range.mq4   21 KB | 2,316 downloads
  • #872
  • Nov 1, 2011 1:55am Nov 1, 2011 1:55am
Someone uses this EA on a live account?
  • #873
  • Nov 6, 2011 12:42am Nov 6, 2011 12:42am
Quoting fxmaps
Thanks Ditto, your settings are very close to the ones I was using except for the range that was smaller, but I knew that in order to survive the market with this EA the range had to be bigger, but at the same time, the bigger the range, the longer it takes to close trades and it take too little trades also, that's what I was talking about the feature of the adaptive range according to the levels.

The good news is that I almost figure it out how to change that, I am doing some modifications to the EA and after I test it, I will post it for you...
Thanks for Trailing Stop EA

Yes, the problem is with the range. That's why I opt for bigger range and manually setting it with reference to support/resistance levels. Since I make my living with this now, I rather wait longer for the trade to close than....you know what...!!

Basically I use it sort of scalping the market, that is 10 pips profits. I usually got substantial closing trades before it got stuck where then the range settings and trailing stops come to play.

One thing that I would like to suggest is to set the indicators at a longer period especially the stochastic.
  • #874
  • Nov 6, 2011 12:55am Nov 6, 2011 12:55am
Quoting fxmaps
Here is the EA with the feature for changing range values for different levels. Please, test it and play with different settings and let me know
Thanks again . Surely will try it.
  • #875
  • Nov 6, 2011 12:58am Nov 6, 2011 12:58am
Quoting sissi
Someone uses this EA on a live account?
Yes, I use it on most of my accounts.
  • #876
  • Edited 2:18am Nov 8, 2011 2:11am | Edited 2:18am
I am just throwing this out there. I don't intend to change the subject of the thread. Here is a betting scheme that I usually use playing blackjack, and can also be used this with loss recovery with trading systems. I found this on the internet a long time ago, but have never heard a name for it.

If you have ever heard of Oscar's Grind betting strat, this isn't it. I works a little different.

As i said, I usually use this to gamble at blackjack. It can be quite long and tedious, but always gets me back above breakeven. This is with Blackjack, the odds are with the house. That's not to say I always win big, but I nearly always come out steadily ahead. With a trade system, that produces 60-70% wins, it is pretty unbeatable. As with martingale, need fairly deep pockets, and start with reasonable lot sizes.

I have often wondered how this would work in the place of the martingale with an EA such as this. Drawdown might be pretty big, but this system can overcome long runs of losses, since the base lot size isn't increased on those losses.

I thought one of the threads coders might want to put it into the swb in place of the martingale, or add it as an option.

According to what I have read, only one in 1200 cycles will bankrupt you in blackjack.

In trading, I keep track of the trades for each pair, and run this to offset losses.

I have always been interested in betting strats and martingale especially, so I just thought someone here might be interested.

Check the spreadsheet on the attached PDF and the chart below, if interested.

BETTING SEQUENCE;

BET ONE BASE LOT UNTIL THE FIRST LOSS

CYCLE STARTS WITH FIRST LOSS

BET ONE BASE LOT IF LOSE BET ONE BASE
IF WIN BET 2 BASE LOT
IF WIN BET 3 BASE LOT
IF LOSE BET ONE BASE LOT
IF WIN BET 4 BASE LOT
continue until in profit, (usually 2 successive wins will do it)

HERE IS A LONGER SCENARIO;

CYCLE STARS WITH FIRST LOSS

BET ONE BASE LOT IF LOSE NEXT BET= ONE BASE LOT
IF LOSE NEXT BET= ONE BASE LOT
IF WIN NEXT BET= TWO BASE LOT
IF LOSE NEXT BET= ONE BASE LOT
IF LOSE NEXT BET= ONE BASE LOT
IF WIN NEXT BET= THREE BASE LOT
IF LOSE NEXT BET= ONE BASE LOT
IF WIN NEXT BET= 4 BASE LOT

KEEP GOING RETURNING TO BASE LOT WITH LOSSES, AND INCREASING BY ONE BASE LOT WHEN WINNING UNTIL ACCT BALANCE IS GREATER THAN WHEN CYCLE STARTED.

THEN RETURN TO BASE LOT UNTIL THE NEXT FIRST LOSS OCCURS... THEN RESTART CYCLE


edit; sorry, I got the math wrong on 19th trade on the PDF. This should be a WIN, but you get the idea, I hope

Thanks for reading,

Shake
Attached File(s)
File Type: pdf TRADE BET STRAT.pdf   32 KB | 1,303 downloads
  • #877
  • Nov 9, 2011 3:04am Nov 9, 2011 3:04am
Quoting Beshakey
I am just throwing this out there. I don't intend to change the subject of the thread. Here is a betting scheme that I usually use playing blackjack, and can also be used this with loss recovery with trading systems. I found this on the internet a long time ago, but have never heard a name for it.

If you have ever heard of Oscar's Grind betting strat, this isn't it. I works a little different.

As i said, I usually use this to gamble at blackjack. It can be quite long and tedious, but always gets me back above breakeven. This is with Blackjack,...
I think the probability of what you wrote here to happen is only the scenario that you made to work, is not secure, is not safe. It is mathematicaly a run to ruin.

I forex some gambling technics are working as martingale, but even martingale has some rules on forex to works well. Not all pairs are good for that because some are very trendy or too sensitive to news... A few days ago all pairs with CHF reached a 1000 pips in minutes...

I think is good to discuss some technics but some are not good for this market or markets...
  • #878
  • Nov 12, 2011 2:37am Nov 12, 2011 2:37am
as you know swb grid works with stochastic oscillator, opens buy when reaches the level of 20 and opens sell when reaches 80. I was thinking if is not possible to open entries when it leaves the overbought or oversold areas??? With this you have margin and the direction to get profit without opening too many levels. I will wait for comments
  • #879
  • Nov 12, 2011 9:50am Nov 12, 2011 9:50am
Quoting Beshakey
I am just throwing this out there. I don't intend to change the subject of the thread. Here is a betting scheme that I usually use playing blackjack, and can also be used this with loss recovery with trading systems. I found this on the internet a long time ago, but have never heard a name for it.

If you have ever heard of Oscar's Grind betting strat, this isn't it. I works a little different.

As i said, I usually use this to gamble at blackjack. It can be quite long and tedious, but always gets me back above breakeven. This is with Blackjack,...
This is very interesting - thx for sharing. Can you tell me the source where you got it from? Would be also interested in the "death cycle" calculation.


Thx
Helix99
  • #880
  • Nov 13, 2011 5:29am Nov 13, 2011 5:29am
Quoting traderforex
as you know swb grid works with stochastic oscillator, opens buy when reaches the level of 20 and opens sell when reaches 80. I was thinking if is not possible to open entries when it leaves the overbought or oversold areas??? With this you have margin and the direction to get profit without opening too many levels. I will wait for comments
I agree with you..
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