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SWB Martingale EA

  • #961
  • Mar 31, 2012 4:18pm Mar 31, 2012 4:18pm
Quoting nonor
from the report, it seems that the lot size increase by 0.01 with the equity, but I also get very good return with straight curve, find attached.
What EA and settings are you using to get these results? I want to take a close look into it and if needed modify the code.
  • #962
  • Mar 31, 2012 5:53pm Mar 31, 2012 5:53pm
hello

I use swb grid 4.1.0.7 moded, I will give details if zoolc give details...
No more Fight, the victory has come...
  • #963
  • Mar 31, 2012 5:58pm Mar 31, 2012 5:58pm
no, it is not 5mn timeframe, and it is from February 2011 to march 2012...
No more Fight, the victory has come...
  • #964
  • May 27, 2012 10:38am May 27, 2012 10:38am
Quoting 2+2=4ex
Martingale w/ x2 multiplier every 25 pips. This is a time bomb.
Its the best Forex TIme BOMB!!!!
  • #965
  • Jun 5, 2012 6:56am Jun 5, 2012 6:56am
Quoting Ayobami
Its the best Forex TIme BOMB!!!!
I am the guy behind the modified version of SWB (with autolot and news filter- called Cescobot) and I did it in my early days on Forex.

I can guarantee you: IT IS A TIME BOMB

Stay away from any martingale. If you like that style of trading but you want to go for something that's less risky, try GridMeUp, using the SmartLot option (and at least 400 Eur Capital

Good Luck with your trading

Francesco
  • #966
  • Jun 5, 2012 1:48pm Jun 5, 2012 1:48pm
Quoting frankjibe
I am the guy behind the modified version of SWB (with autolot and news filter- called Cescobot) and I did it in my early days on Forex.

I can guarantee you: IT IS A TIME BOMB

Stay away from any martingale. If you like that style of trading but you want to go for something that's less risky, try GridMeUp, using the SmartLot option (and at least 400 Eur Capital

Good Luck with your trading

Francesco
What do you mean TIME BOMB? in some way it can blow up your account?

Is that it?

We can go around that with money management, low level and smartness...
  • #967
  • Jun 5, 2012 4:23pm Jun 5, 2012 4:23pm
Yes, a time bomb. Depending on balance, leverage, lot-size, etc., the death-trade will come. Could take days, weeks, months, or more.

Grid/martingales can never work over the long haul. Trust me on this one.

Rob
  • #968
  • Jun 5, 2012 10:35pm Jun 5, 2012 10:35pm
Quoting ChicagoRob
Could take days, weeks, months, or more.
What kind of a statement is this?

Or More?

OR, just you wait and see, it will happen to you?

Prior to the expiry on my VPS running out, I showed 2 accounts (FF trade Explorers) trading SWB using increment with a few modifications to the code and triggering on the original version of SWB produce over 300% gains in under 6 months, and run this same bitch live.
(Sorry, I don't post my personal account info)

Just because you haven't found what you are looking for, don't mean it doesn't exist.

And that eventuality, is the same patience is as required for live trading and market success.

Proper MM and some concept of market movements is key, but off of the simplicity in SWB, 100% automation is easier achieved than you would believe.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #969
  • Jun 6, 2012 5:19am Jun 6, 2012 5:19am
is here any master in programming on mql4?
i have a good idea for a change in positioning in swb to not to fall in very deep market movement
if so please contact me or reply here
  • #970
  • Jun 6, 2012 7:23am Jun 6, 2012 7:23am
Hi Soltan,

Do describe your proposal here and if it is not too complicated I may be able to help.
Good trading,
Pipernet.
  • #971
  • Jun 6, 2012 9:19am Jun 6, 2012 9:19am
hi pipernet
swb takes it positions in a 20pips array for example
1)1.2040
2)1.2020
3)1.2000
.
.
but i want to change it in an irregular manner like
1)1.2040
2)1.2035
3)1.2025
4)1.2010
.
.
it could be define a range scale that difference between positions are not a unique distance (in top range scale is arithmethic and range is 5 so difference between positons is 5 10 15 20 .... as the swb default 20 20 20 20 ...)
the distance increases as the price goes far from 1st position
so if market moves slowly we reach our targets faster
and if marget moves fast we get our positions far
it decrease risk
if it is possibe i have a better idea for series of steps
(pardon for my english)
  • #972
  • Jun 6, 2012 12:03pm Jun 6, 2012 12:03pm
Hi Soltan,

That variation was already done by Fxmaps, see post 871 for the download of his version of the EA with variable spacing and good luck with the testing.

Pipernet.
  • #973
  • Jun 6, 2012 12:22pm Jun 6, 2012 12:22pm
Quoting Magix
Prior to the expiry on my VPS running out, I showed 2 accounts (FF trade Explorers) trading SWB using increment with a few modifications to the code and triggering on the original version of SWB produce over 300% gains in under 6 months, and run this same bitch live.
Running a martingale on a live account for six months doesn't mean much, bro. You're just lucky you haven't been caught in a big counter-trend move, yet. Run it for two years and report back. It doesn't matter how many modifications you make to the code - the core logic of adding to losing positions remains the same.
  • #974
  • Jun 7, 2012 6:30am Jun 7, 2012 6:30am
if we know the dead trade will come... we can act accordingly...

We can separete the wins for, lets say... two a three months, and start using this money in a new account...

Create two or three separete accounts with the martingale system, when you loose completly you only loose one account... I guess this is money management.
  • #975
  • Jun 7, 2012 7:57pm Jun 7, 2012 7:57pm
Quoting ChicagoRob
Running a martingale on a live account for six months doesn't mean much, bro. You're just lucky you haven't been caught in a big counter-trend move, yet. Run it for two years and report back. It doesn't matter how many modifications you make to the code - the core logic of adding to losing positions remains the same.
That has been one of the challenges working with SWB. In itself, it is looking for a trend change for a couple quick bucks, rather than playing with the trend for a couple more.

6 months, however, unless we see a complete market exodus again is a very fair trial.

If you stand still in market long enough, price will pass you buy several times, so really, adding a position in trend to a losing position actually becomes a viable strategy. Now, the whole multiplier aspect of SWB is a bit of a pickle to be sure, but again, I add on increment rather than multiply. With profits streaming steady, and with my initial investment already covered and pulled, in all honesty, I really don't give a shit if things go for spins.

We are entering into summer session, or trading the east direction where market range will probably not offer a lot of grand change. In these conditions a bot like SWB in its original form stands a pretty good chance of not blowing up.

Now, I certainly ain't about to tell anybody what to do, nor how to do it. I spent my time in trades, spent my time working with others and now I spend my time enjoying a cold beer watching for the occasional trade and enjoying the sun...

It's summer brother. Time to kick back, relax and enjoy the ride.

I started with SWB (as well as a couple of others), in October of last year, not knowing shit about MQ4, or programming in general. With a little persistence and a lot of perseverance, I have learned a little more about market and enough about coding to make this a "so far", viable venture.

Best of luck in your own quests.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #976
  • Jun 7, 2012 8:02pm Jun 7, 2012 8:02pm
Quoting Magix
That has been one of the challenges working with SWB. In itself, it is looking for a trend change for a couple quick bucks, rather than playing with the trend for a couple more.

6 months, however, unless we see a complete market exodus again is a very fair trial.

If you stand still in market long enough, price will pass you buy several times, so really, adding a position in trend to a losing position actually becomes a viable strategy. Now, the whole multiplier aspect of SWB is a bit of a pickle to be sure, but again, I add on increment...
Im exactly in your "october" last year... but im c0der kind of guy...
  • #977
  • Jun 7, 2012 8:19pm Jun 7, 2012 8:19pm
Quoting Magix
I started with SWB (as well as a couple of others), in October of last year, not knowing shit about MQ4, or programming in general. With a little persistence and a lot of perseverance, I have learned a little more about market and enough about coding to make this a "so far", viable venture.

Best of luck in your own quests.
You've done well in a short amount of time. I come from a background of trading Blessing, live, for over two years. Blessing is probably one of the best, if not the best, grid/martingale EAs, due to its extreme flexibility. Before, and during the time I ran the EA live, I ran more than 300 backtests and 100 live demos. Even though I had the EA dialed-in, with respect to starting balance, starting lots, leverage, etc., I still ended up in a pickle when usdjpy went countertrend and Blessing hit 12 levels. I ended up closing the trades manually, and left the table at break even. Had I let the EA continue, it would have taken an equity protection hit equal to 50 precent of the balance. At that point, I decided to leave the world of grid/martingales to those willing to live more dangerously than I.

Rob
  • #978
  • Jun 8, 2012 3:09am Jun 8, 2012 3:09am
Quoting xenupy
What do you mean TIME BOMB? in some way it can blow up your account?

Is that it?

We can go around that with money management, low level and smartness...
That's the thing I want to think about.

I've always heard people saying "this grid/martingle system is safe if you start with XYZ $ and trad with 0.01" having XYZ as a big number.

Now, given that there is no guarantee on the fact that starting with a big amount of money you'll save you account you still live with the certitude of a very SMALL gain compared to your balance.

The final question is: are you really willing to risk 10.000$ to gain 1$? You still have more than 1/10.000 chances to blow your account up. To me the risk/reward ratio does not make sense, I would never accept such a bet. Traders running martingale/grid system with big accounts and small lot, in my opinion, are just accepting that bet, with the idea that there is no way the market can act so irrationally.

Now, the bad news, my friend, is that the market can stay "irrational" longer than you can stay liquid. I've learned the lesson well, the hard way.

Good Luck, and keep enjoy your trade.

Francesco
  • #979
  • Jun 8, 2012 11:59am Jun 8, 2012 11:59am
yeah, good 4 u, rob

blessing is purely crap, and funny thing is that the few developers think they can sell them to make money, haha.

Quoting ChicagoRob
You've done well in a short amount of time. I come from a background of trading Blessing, live, for over two years. Blessing is probably one of the best, if not the best, grid/martingale EAs, due to its extreme flexibility. Before, and during the time I ran the EA live, I ran more than 300 backtests and 100 live demos. Even though I had the EA dialed-in, with respect to starting balance, starting lots, leverage, etc., I still ended up in a pickle when usdjpy went countertrend and Blessing hit 12 levels. I ended up closing the trades manually, and...
  • #980
  • Jun 10, 2012 12:49am Jun 10, 2012 12:49am
Bob even mentioned:

'My belief is that all EAs use indicators and all indicators do not predict news stories or strong fundamentals and need monitoring or human intervention. No matter what indicators we use sooner or later the market will move in a way that will defeat them. Having some knowledge of fundamentals is important to Forex trading. For example, If Greece files bankruptcy or the USA and China get into a pissing match over exchange rates, no indicator can predict the outcome or change of direction either when or how much. Indicators have limitations and if you understand those limitations they are valuable tools in trading. For example, if Greece goes bankrupt sell Euros no matter what the indicators are saying.'

Please don't set and forget your EA!

I don't like grid/martingale EA too...,
but I cannot found a stable profit non-martingale EA in now....
If you have found ,I would appreciate that you could give me suggestion.
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