Basically I self coded over 20-30 ea, different version. did different time frame test and its seem 1 of my test is going good.
I not going reveal what I use in this EA like the exit and entry strategy, but 1 thing I am using is Martingale.
I know many many people will say that martingale strategy is doom to fail, just a matter of day, weeks or months.
Just because of such claim, I believe in forex its not a 50:50 chance, the success rate can improve with proper strategy, and also with proper risk:reward and
trial - and - error testing.
I have put in calculation for spread(to make it not 50:50) , I play with Eur / JPY as the spread on the broker I try on normally is around 1 to 2 pips
As of today, my martingale EA runs for 2 weeks so far. quite profitable. Consecutive loss was 6, due to trading at non market hours , I did changes and now consecutive loss is reduced. OF course i run all on Demo to prevent myself losing money before launching this EA live.
I was thinking to sell this EA once I test it enough on commercial, but not sure how much I can get. Well times will tell if my EA this time round will be successful or not.
Purpose of me creating EA is:
- I am a programmer, I love to learn new coding language
- I have passion in Trading
- I thinking of combining IT knowledge with Financial Industry - Expert Advisor
They are codes that got no human emotions, no bias. Fixed algo trading and I believe lots of the market out there is using robot to trade.
Martingale is a form of money management, can blow the account but can also be profitable.
The earning is at low % as of my EA due to I start demo with 100,000 but I think in real I intend to just start with $1000 usd and on a micro lot account 0.01 lot so I can afford to play till 8-10 consecutive losses.
As of the state, a $10000 usd will be enough to play this martingale EA that I am doing (0.1 lot), with profit of about 5-10% a week. Pretty high, I did think carefully the indicator involve in this EA. Some are quite famous Indicator which I did manual trading for a while before I commit to write the code.
My Plan:
- Test another week or 2 ( make it a 1 month test in total)
- Start a Live Account with micro lot 0.01
- Capital : $1000
Is equal to $10000 on a 0.1 lot, as of the holding strength.
Code Changes:
- Trading only Eur/JPY as of now
- Trading only done at Market Hours
- Sleep time of X interval per trade to prevent over trading at certain point.
Do reply my thread and share your martingale experience. Would love to make this journal a fruitful one where all of us can make money 
In martingale, pip is not important, the profit is the key concern. Your feedback is highly apperciated.
