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3060EA and back test help wanted

  • #1
  • First Post: Sep 12, 2013 9:52pm Sep 12, 2013 9:52pm
Hi,

I am working on the code for scalping/Martingale M1 EA attached below. I am trying to get the accurate/more backtest result.

I share this EA so if anyone could grab it and run some back test. I would be appreciated for the back test result feedback to this thread.

set up:

  1. use on GBP/USD only
  2. M1 timeframe
  3. open two charts, one is for "3060 BUY" set for LONG ONLY
  4. another is for "3060 SELL" and set of SHORT ONLY
  5. default parameters are ok to use (i think)

strategy use in this EA

  1. on start, dont' care anything just place order
  2. if price does not go in favor direction, continue to open counter order
  3. continue 2.
  4. trailing target price....
  5. until price return and take profit
  6. some "twists" in the code in order to survive harsh big swift move

Attached File(s)
File Type: mq4 3060 BUY.mq4   23 KB | 489 downloads
File Type: mq4 3060 SELL.mq4   23 KB | 511 downloads
Holy grail, pls pm
  • #2
  • Sep 12, 2013 9:55pm Sep 12, 2013 9:55pm
my back test result
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 51 KB
Click to Enlarge Name: Capture2.JPG Size: 71 KB
Holy grail, pls pm
  • #3
  • Sep 12, 2013 10:05pm Sep 12, 2013 10:05pm
Be aware that any kind of martingale won't survive on a live account. Soon or later you will lose all the money.

This has been discussed and proved so many times since so many years here on FF and on all other forums.

The only case a martingale survive is with an infinite account balance.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • Sep 12, 2013 10:18pm Sep 12, 2013 10:18pm
Quoting FerruFx
Be aware that any kind of martingale won't survive on a live account. Soon or later you will lose all the money. This has been discussed and proved so many times since so many years here on FF and on all other forums. The only case a martingale survive is with an infinite account balance.
I dare to prove that martingale works if you use it properly.

http://www.myfxbook.com/members/xlit...e-pairs/653168
Follow me to the Promised Land
  • #5
  • Sep 12, 2013 10:20pm Sep 12, 2013 10:20pm
Quoting xlitang
{quote} I dare to prove that martingale works if you use it properly. http://www.myfxbook.com/members/xlit...e-pairs/653168
you got good EA there.
Please do share. :_)
Holy grail, pls pm
  • #6
  • Sep 12, 2013 10:22pm Sep 12, 2013 10:22pm
Why only on GBP/USD?
  • #7
  • Sep 12, 2013 10:37pm Sep 12, 2013 10:37pm
Quoting iamgotzaa
my back test result {image} {image}

Backtest does not mean anything. Just demo it for three months if it works, go live.
Follow me to the Promised Land
  • #8
  • Sep 12, 2013 10:38pm Sep 12, 2013 10:38pm
Quoting xlitang
{quote} Backtest does not mean anything. Just demo it for three months if it works, go live.
roger that
Holy grail, pls pm
  • #9
  • Sep 12, 2013 11:10pm Sep 12, 2013 11:10pm
Quoting xlitang
{quote} I dare to prove that martingale works if you use it properly. http://www.myfxbook.com/members/xlit...e-pairs/653168
1 month and 1/2 isn't enough to prove in my opinion.
MT4/MT5 EAs/Indicators/Alerts coder
  • #10
  • Sep 12, 2013 11:16pm Sep 12, 2013 11:16pm
Quoting FerruFx
{quote} 1 month and 1/2 isn't enough to prove in my opinion.
tripled account. you can withdraw original capital and you have risk free trading.
Follow me to the Promised Land
  • #11
  • Sep 12, 2013 11:22pm Sep 12, 2013 11:22pm
Quoting xlitang
{quote} tripled account. you can withdraw original capital and you have risk free trading.
Yes it is exactly what has to be done when using martingale ... But that doesn't mean that the strategy is profitable.
MT4/MT5 EAs/Indicators/Alerts coder
  • #12
  • Sep 13, 2013 3:29am Sep 13, 2013 3:29am
Quoting FerruFx
The only case a martingale survive is with an infinite account balance.
You can also start with a lot size of 0 and keep doubling

Quoting xlitang
you can withdraw original capital and you have risk free trading.
Yes but a martingale requires infinite money so withdrawing only throws gas onto the fire. When the risk free capital is gone the net balance is the starting capital. Sound like the same as not trading at all.

Now I do agree you can be lucky long enough to withdraw a lot and stop trading forever. This is called winning the lotery.
Unless you can properly trade in such a case a regular MM will outperform a martingale. Linear growth can't compete long time with an exponential growth.

Martingale:
You cannot trade: you rely on luck
You can trade: you shoot yourself in the foot before the race.
No greed. No fear. Just maths.
  • #13
  • Sep 13, 2013 3:37am Sep 13, 2013 3:37am
Quoting PipMeUp
{quote} You can also start with a lot size of 0 and keep doubling
Yeah ... missed this one
MT4/MT5 EAs/Indicators/Alerts coder
  • #14
  • Sep 13, 2013 9:02am Sep 13, 2013 9:02am
Quoting PipMeUp
{quote} You can also start with a lot size of 0 and keep doubling {quote} Yes but a martingale requires infinite money so withdrawing only throws gas onto the fire. When the risk free capital is gone the net balance is the starting capital. Sound like the same as not trading at all. Now I do agree you can be lucky long enough to withdraw a lot and stop trading forever. This is called winning the lotery. Unless you can properly trade in such a case a regular MM will outperform a martingale. Linear growth can't compete long time with an exponential...
Keep watch my link and see when it will blowup if it will blow up.
Follow me to the Promised Land
  • #15
  • Sep 13, 2013 10:23am Sep 13, 2013 10:23am
Quoting xlitang
{quote} Keep watch my link and see when it will blowup if it will blow up.
Either you can't trade and rely on luck or you can and you should perform much better. In both cases, not interesting.
No greed. No fear. Just maths.
  • #16
  • Sep 14, 2013 10:44am Sep 14, 2013 10:44am
Quoting xlitang
{quote} I dare to prove that martingale works if you use it properly. http://www.myfxbook.com/members/xlit...e-pairs/653168
You're talking like you have a system that has been working for years with martingale lol. When you got 1 year up your sleeve with martingale do come back brag not several lucky weeks. You are just another one that is waiting to be the markets next victim.
  • #17
  • Sep 14, 2013 11:22am Sep 14, 2013 11:22am
Quoting tradability
{quote} You're talking like you have a system that has been working for years with martingale lol. When you got 1 year up your sleeve with martingale do come back brag not several lucky weeks. You are just another one that is waiting to be the markets next victim.
Hmm, if you are trading your hard earned money by luck. That means you don't know what you are doing. You better get out fast. Chances are you will have more bad luck than good luck. By the way nothing is by luck, only by God Divine.
Follow me to the Promised Land
  • #18
  • Sep 14, 2013 11:25am Sep 14, 2013 11:25am
Quoting xlitang
By the way nothing is by luck, only by God Divine.
Is there a difference ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #19
  • Sep 14, 2013 11:27am Sep 14, 2013 11:27am
Quoting FerruFx
{quote} Is there a difference ?
Yes, by God Divine you obey HIS Commandments.
Follow me to the Promised Land
  • #20
  • Sep 14, 2013 11:30am Sep 14, 2013 11:30am
Quoting xlitang
{quote} Yes, by God Divine you obey HIS Commandments.
Sorry but I doubt that this will help in your trading ...
MT4/MT5 EAs/Indicators/Alerts coder
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