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MGH System (Martingale Grid & Hedging)

  • #261
  • Aug 6, 2014 12:48pm Aug 6, 2014 12:48pm
Quoting Ata-Turkoglu
Hi All, I tried to prepare a road map for coding purpose and also to make the learning process of MGH theory easier. It still is not finished (consists only from step 1x) and also needs to be checked if I did any mistakes. (Actually I wanted to trigger something in minds of those who are able to write EA code for MT4.) Many Thanks Edit: I just found a mistake and corrected the image. No worries {image}
I can write ea. but i still don't get the whole picture. if you can layout all system rules, ea is easy.
  • #262
  • Aug 6, 2014 12:58pm Aug 6, 2014 12:58pm
for example, if you have 3 1x buy and 3 x2 sell, and market turn around took out 3 1x buy in profit. my question is how to open x4 buy?
  • #263
  • Aug 6, 2014 2:08pm Aug 6, 2014 2:08pm
Quoting GoldenEA
for example, if you have 3 1x buy and 3 x2 sell, and market turn around took out 3 1x buy in profit. my question is how to open x4 buy?
It would depend what happened between the x1's and x2's. If there wasn't room for an inside grid then you would start your x4 buys one level above the x1 TP.
Continue taking those x4's up until you have a net 100 pip profit (net of all the profits taken less the running drawdown from the x2 sells)

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFiH1.png Size: 60 KB
  • #264
  • Aug 6, 2014 2:23pm Aug 6, 2014 2:23pm
Quoting Ata-Turkoglu
Hi All, I tried to prepare a road map for coding purpose and also to make the learning process of MGH theory easier. It still is not finished (consists only from step 1x) and also needs to be checked if I did any mistakes. (Actually I wanted to trigger something in minds of those who are able to write EA code for MT4.) Many Thanks Edit: I just found a mistake and corrected the image. No worries {image}

Nice flow chart ATA. I think you're on the right track.
I'm not quite sure why A goes to C. Looked through left side and looks good except for after your 3rd long. Price only needs to fall 10 pips then start the x2.

The 30 pip rule applies to the inside grids (Again my take, subject to Kfx's review)
  • #265
  • Aug 6, 2014 2:34pm Aug 6, 2014 2:34pm
Quoting spyderman
{quote} It would depend what happened between the x1's and x2's. If there wasn't room for an inside grid then you would start your x4 buys one level above the x1 TP. Continue taking those x4's up until you have a net 100 pip profit (net of all the profits taken less the running drawdown from the x2 sells) {image}
so you tp x4 along the way like add x4 , then tp, adding x4, tp untill 100pips?
  • #266
  • Aug 6, 2014 2:39pm Aug 6, 2014 2:39pm
Quoting GoldenEA
{quote} so you tp x4 along the way like add x4 , then tp, adding x4, tp untill 100pips?
Yeppers...or until price tuns again
  • #267
  • Aug 6, 2014 2:45pm Aug 6, 2014 2:45pm
if you have 3 x2 sell and price go straight up, how can you achieve 100pip in profit overall with 3 x2 drag your leg?
  • #268
  • Aug 6, 2014 2:47pm Aug 6, 2014 2:47pm
Quoting GoldenEA
if you have 3 x2 sell and price go straight up, how can you achieve 100pip in profit overall with 3 x2 drag your leg?
Every 10 pips up your losing 30 to your sells but gaining 40 with your x4's
  • #269
  • Aug 6, 2014 2:50pm Aug 6, 2014 2:50pm
Quoting spyderman
{quote} Every 10 pips up your losing 30 to your sells but gaining 40 with your x4's
no,
you have 3 x2 sell every 10 pips up you lose 60 pips in sell., but only gain 40 pips.
  • #270
  • Aug 6, 2014 2:50pm Aug 6, 2014 2:50pm
Quoting spyderman
{quote} Every 10 pips up your losing 30 to your sells but gaining 40 with your x4's

Nope your losing 60...
  • #271
  • Aug 6, 2014 2:54pm Aug 6, 2014 2:54pm
Quoting spyderman
{quote} Nope your losing 60...
so net gain is -20pip, how can you achieve 100pips?
  • #272
  • Aug 6, 2014 2:55pm Aug 6, 2014 2:55pm
Quoting spyderman
{quote} Nope your losing 60...

Oh yes I see now. You lose a little ground on the straight x4 ups. So price just shooting straight up hurts you. You gain ground when you get a few x4's at the same level.
Notice those first 2 x4's. They ended up being at the same level. So you made 80 pips at that level.
  • #273
  • Aug 6, 2014 3:46pm Aug 6, 2014 3:46pm
GoldenEA, I have seen you asked for the worst scenario of this system. Please refer to post 71 for the same discussion too. Although I think a good MM can save us, but I have yet to know what is a good MM. And so far I have yet to see discussion on this worst scenario.
  • #274
  • Aug 6, 2014 3:56pm Aug 6, 2014 3:56pm
Quoting wilsonch
GoldenEA, I have seen you asked for the worst scenario of this system. Please refer to post 71 for the same discussion too. Although I think a good MM can save us, but I have yet to know what is a good MM. And so far I have yet to see discussion on this worst scenario.
Hey wilson,

Actually, I think both Kfx and I commented on that scenario about factoring in all your TP's along the way. It's hard to address what might or what might not have happened in a hypothetical situation.

If, on the other hand, someone posted a screen shot of a chart that they thought might represent a very negative or worst case scenario, then we could run that through and see where we stand.

Short of that, I agree with you, it's going to be very hard to determine what the potential DD could be on this.
  • #275
  • Aug 6, 2014 3:57pm Aug 6, 2014 3:57pm
The main thing I find appealing about Kfx's strategy over other grid/martingale's is that it addresses a variety of market conditions, trending, ranging, etc.
So hopefully we won't get stuck out in the cold.
  • #276
  • Aug 6, 2014 4:08pm Aug 6, 2014 4:08pm
Quoting spyderman
The main thing I find appealing about Kfx's strategy over other grid/martingale's is that it addresses a variety of market conditions, trending, ranging, etc. So hopefully we won't get stuck out in the cold.
I agree with you on that. The strategy is quite different to the other martingales and shows the ability to tackle different conditions. Just hope we have solution for the scenario I have mentioned. Best of luck to all
  • #277
  • Aug 6, 2014 4:10pm Aug 6, 2014 4:10pm
I really have no clue yet what kind of MM to throw at this. I'm just going to start small and see what kind of position sizes I end up with.

Kfx - Have you traded this much, or is it more of a new method for you as well?
  • #278
  • Aug 6, 2014 4:43pm Aug 6, 2014 4:43pm
Quoting Ata-Turkoglu
Hi All, I tried to prepare a road map for coding purpose and also to make the learning process of MGH theory easier. It still is not finished (consists only from step 1x) and also needs to be checked if I did any mistakes. (Actually I wanted to trigger something in minds of those who are able to write EA code for MT4.) Many Thanks Edit: I just found a mistake and corrected the image. No worries {image}
Thanks for the image, i think u got the first part right...waiting for x2 hedge part
Patience, let the market come to you!
  • #279
  • Edited 7:40am Aug 7, 2014 1:24am | Edited 7:40am
Edited: Image has changed.. please jump to this post: http://www.forexfactory.com/showthre...37#post7657937

Quoting spyderman
{quote} Nice flow chart ATA. I think you're on the right track. I'm not quite sure why A goes to C. Looked through left side and looks good except for after your 3rd long. Price only needs to fall 10 pips then start the x2. The 30 pip rule applies to the inside grids (Again my take, subject to Kfx's review)
Hi Spyderman,

Yes the A and C part was confusing so I fixed that, and I also fixed the issue where we start x2. Thanks mate!


Quoting dashisiong
{quote} Thanks for the image, i think u got the first part right...waiting for x2 hedge part
Hi Dashisiong,

Yes I almost got it right and now I fixed it with the kind help of Spyderman. I needed to be at least 90% sure before I prepared the 1x part. Now the rest is actually not so difficult anymore but it needs more space compared to this image. So I will try to create it on one big page. Will let you all know soon.

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: First-Step-Diagram.jpg Size: 235 KB
Focus only on what truly matters!
  • #280
  • Aug 7, 2014 5:38am Aug 7, 2014 5:38am
Hi Kfx and Spyderman,

Now before I continue with the next levels here a question where I need the answer for.
(I changed one of Kfx's example images so it fits my question)

Many Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Question2.jpg Size: 247 KB
Focus only on what truly matters!
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