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Another bit of Martingale lunacy

  • #61
  • Jul 26, 2011 7:16pm Jul 26, 2011 7:16pm
Ok guys, you stirred up my creative juices earlier.

The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.

If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.

FirstTradeLotMultiplier is the Martingale multiplying factor.

The idea is to send a hedge with L2+ trades that is a fraction of the First trade, so HedgeTradeLotDivisor takes care of the maths. For example, the second trade in the Mart sequence is 0.02 lots; the default HedgeTradeLotDivisorwill result in a hedge trade or 0.01 lots.

I leave you to work the rest out for yourselves.

Have fun and see what happens on demo.

Attached File(s)
File Type: mq4 Mystic auto trading robot with extra sauce by Steve Hopwood.mq4   29 KB | 679 downloads
  • #62
  • Jul 26, 2011 7:24pm Jul 26, 2011 7:24pm
Quoting SteveHopwood
Ok guys, you stirred up my creative juices earlier.

The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.

If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.

FirstTradeLotMultiplier is the...
Yup.....There go's the Fun-O-Meter off the wall again....
  • #63
  • Jul 27, 2011 4:07am Jul 27, 2011 4:07am
Quoting paulbt38
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...

that's exactly what i mean... thx to you and steve too
Simplicity your Life
  • #64
  • Jul 27, 2011 4:08am Jul 27, 2011 4:08am
Quoting SteveHopwood
Ok guys, you stirred up my creative juices earlier.

The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.

If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.

FirstTradeLotMultiplier is the...

extra sauce..... LOOOOLLLLLL
Simplicity your Life
  • #65
  • Jul 27, 2011 4:56am Jul 27, 2011 4:56am
Nice concept

Thank you

bye
ajentha

Quoting SteveHopwood
Ok guys, you stirred up my creative juices earlier.

The attached has the settings I found successful in backtesing on the M1 chart from Early Feb until yesterday. Be warned that backtesting is notoriously unreliable and the results I gained could well have been rubbish.

If the initial trade fails and the bot goes to the next level, it will also send a hedging trade in the opposite direction. In the inputs section, the initial trade inputs have the prefix 'First', whilst the hedge trades have the prefix 'Hedge'.

FirstTradeLotMultiplier is the...
  • #66
  • Jul 28, 2011 10:08am Jul 28, 2011 10:08am
Hi,

EA Has work well, but stop loss has not working, I have place SL=10, but now the trade is negative -48, if trade is closed in SL=10, It has to be reach the Profit, please update the EA,
when the EA has modified to close the order, Some error message has occurred, that is invalided SL, please update the EA, I am testing ur EA in Fxopen MT4, ECN=true.


" Mystic auto trading robot with extra sauce by Steve Hopwood EURUSD,M1: EURUSD SL/TP order modify failed with error(130): invalid stops"


bye
ajentha
  • #67
  • Edited 6:33pm Jul 28, 2011 11:54am | Edited 6:33pm
steve, i sent you pm, but i apologize cause i upload the screen here.. i trade it manually, but i think EA is faster than "click" on the mouse..... cause gold is very volatile

thx steve
Attached File(s)
File Type: rar gold.rar   7 KB | 379 downloads
Simplicity your Life
  • #68
  • Edited 11:12am Dec 22, 2011 10:47am | Edited 11:12am
Hi, can steve or anyone help me to modify this EA above ( latest version in post #61 ) ?

I want to use the OHLC or it's calculation(such as (H+L)/2, i can define in inputs) of the previous bar of the first bar instead of the digit for stoploss and takeprofit for all order( include hedge order ). So obviously, we need four set of sp and tp - martingale buy/sell and hedge buy/sell order.
  • #69
  • Last Post: Dec 27, 2011 10:29am Dec 27, 2011 10:29am
Hi all,

Very interesting thread. Neither speak about slippage. The martingale can't work because the SL will not always be executed at the SL price.

What do you think about it?
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