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MGH System (Martingale Grid & Hedging)

  • #681
  • Edited 10:36am Oct 27, 2014 8:43am | Edited 10:36am
Quoting freundr
Paracelsus, what was the reason for going to a $20 vs $10 profit target that you had back in post 660 ? A 10 point move would hit more frequently than a 20 point move. Less profit but higher % of probability.
I have run a few backtests and the 20 pips TP was the most profitable setting without increasing the risk of "getting stuck".

Also, by this change the max. achievable profit from Batch1 has not changed much: with a 3-level entry and 10 pips TP it was 10+20+30 (total 60) pips and with the new 2-level entry and 20 pips TP it has become 20+30 (total 50) pips.

In addition, using 20 pips TP saves the EA from new entries triggered by occasional fake breakouts.
  • #682
  • Oct 27, 2014 11:04am Oct 27, 2014 11:04am
Quoting Paracelsus
{quote} I have run a few backtests and the 20 pips TP was the most profitable setting without increasing the risk of "getting stuck". Also, by this change the max. achievable profit from Batch1 has not changed much: with a 3-level entry and 10 pips TP it was 10+20+30 (total 60) pips and with the new 2-level entry and 20 pips TP it has become 20+30 (total 50) pips. In addition, using 20 pips TP saves the EA from new entries triggered by occasional fake breakouts.
20 points on entries between trades as well as profit target or just profit targets ?
  • #683
  • Edited 11:42pm Oct 27, 2014 1:26pm | Edited 11:42pm
Quoting freundr
{quote} 20 points on entries between trades as well as profit target or just profit targets ?
TP is 20 pips for 1st trade and 30 pips for the 2nd trade of each Batch, as the distance between the two entry levels is 10 pips.

TP level is at the same price level for both trades of each Batch.
  • #684
  • Oct 28, 2014 5:52am Oct 28, 2014 5:52am
Snapshot for 10/28/2014:

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1028.jpg Size: 899 KB
  • #685
  • Oct 28, 2014 8:35am Oct 28, 2014 8:35am
Paracelsus,
Why did you buy at .65 lots after the 2 .10 lot buys before it ?
  • #686
  • Oct 28, 2014 1:05pm Oct 28, 2014 1:05pm
Quoting freundr
Paracelsus, Why did you buy at .65 lots after the 2 .10 lot buys before it ?
Batch1: 0.1 lot BUY
Batch2: 0.25 lot SELL
Batch3: 0.65 lot BUY

After entering Batch2 SELL, price has moved up, so Batch1 was closed at preset TP level, and Batch3 has been opened immediately with 0.65 lot, practically replacing Batch1 with higher lot numbers, to hedge for 0.25 lot Batch2 positions.
________________________

New snapshot for 10/28/14. Since Monday 2 baskets have been closed each with 5 USD TP. After most recent basket close, the EA has reset itself and opened two "buy" Batch1 positions. Each basket is highlighted separately.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1028_2.jpg Size: 954 KB
  • #687
  • Edited 6:18am Oct 29, 2014 12:39am | Edited 6:18am
Snapshot for 10/29/14 AM:

As seen on the screenshot the strategy in a "waiting mode". The beauty of the strategy is that it idoes not matter in which direction the market will break out ofthe 60 pips "waiting room", it will emerge as a winner.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1029_1.jpg Size: 986 KB
  • #688
  • Edited 7:57am Oct 29, 2014 7:45am | Edited 7:57am
We got the breakout from the original "waiting room" to the upside. The 5 USD "Basket TP" is expected on the upside after the most recent Batch3/Trade2 retracement entry. It should happen before the upper "Batch TP" level is reached. Otherwise a new 80 pips wide "waiting room" has been created.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1029_2.jpg Size: 1.1 MB
  • #689
  • Oct 29, 2014 10:52am Oct 29, 2014 10:52am
Quoting Paracelsus
We got the breakout from the original "waiting room" to the upside. The 5 USD "Basket TP" is expected on the upside after the most recent Batch3/Trade2 retracement entry. It should happen before the upper "Batch TP" level is reached. Otherwise a new 80 pips wide "waiting room" has been created. {image}
Hi,
Interesting result. Keep it up. Expecting more good results
  • #690
  • Oct 29, 2014 11:00am Oct 29, 2014 11:00am
Quoting Bendz
{quote} Hi, Interesting result. Keep it up. Expecting more good results
I have not seen any better (safer) combo of Grid, Hedge and Martingale elements within one strategy, so I hope to see some more good results, too.

Most credits should go to Kfx who has come up with the basic concept.
  • #691
  • Oct 29, 2014 11:26am Oct 29, 2014 11:26am
Interesting turn of events due to a major news. Batch4/Trade1 and Batch4/Trade2 "sells" are in play. (MT4 had to be restarted so previous Basket entry points cannot be seen on this chart.)

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1029_4.jpg Size: 1.0 MB
  • #692
  • Oct 30, 2014 12:51am Oct 30, 2014 12:51am
New day, new Batch... 4th Batch sell trades have closed today AM, closing yesterday's Basket at the same time.

New Batch1 (real profit making) sell trades have opened: one has already closed with 20 pips profit and another one is in progress.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1030.jpg Size: 871 KB
  • #693
  • Oct 30, 2014 3:39am Oct 30, 2014 3:39am
At last some "profit making" Batch1 entries (with blue border) and not only "basket escapes":

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1030_2.jpg Size: 944 KB
  • #694
  • Oct 30, 2014 6:31am Oct 30, 2014 6:31am
Hello to All , I am new in here since yesterday and I read every post from the first one to the last.

What was once a good solid initiative from Kfx and had good evolution in the thread by people helping on this project has now degraded to sneaky hidden actions by ego's. Its no longer a group who's members are helping out each other. This thread, as it was, is dead.

Someone has taken over this thread instead of helping a hand with what he/she is capable of. We all have different qualities and being a coder is only one of many. Shame on you Paracelcus for not sharing the fruition that you could only make thanks to the idea's and work of Kfx and many others.

Every basket has many good apples . . .

Congrats and many thanks to Kfx with the idea and thanks to all others who helped along the way. I was interested and would have given my own logic and logical reasoning to this thread too, but its dead as it was once working so nice.

Happy trading to all good spirits,
Cheers
  • #695
  • Oct 30, 2014 6:34am Oct 30, 2014 6:34am
Quoting vaper
What was once a good solid initiative from Kfx and had good evolution in the thread by people helping on this project has now degraded to sneaky hidden actions by ego's. Its no longer a group who's members are helping out each other. This thread, as it was, is dead.
I agree with you, too.
  • #696
  • Oct 30, 2014 7:27am Oct 30, 2014 7:27am
@vaper & moncsicsi78

Absolutely untrue and I couldn't disagree with you more. You said yourself that,
Quote
We all have different qualities and being a coder is only one of many.
How do you know this isn't true for Paracelsus also? Paracelsus is under no obligation to share his EA, whether he coded it himself or paid to have it done. He has added valuable ideas to this thread and has been clear from the start in sharing his ideas and how they are implemented.

You have all the tools to create your own EA or have someone do it for you. This is not unfair nor unreasonable.

Glen
  • #697
  • Oct 30, 2014 7:45am Oct 30, 2014 7:45am
Quoting vaper
Hello to All , I am new in here since yesterday and I read every post from the first one to the last. What was once a good solid initiative from Kfx and had good evolution in the thread by people helping on this project has now degraded to sneaky hidden actions by ego's. Its no longer a group who's members are helping out each other. This thread, as it was, is dead. Someone has taken over this thread instead of helping a hand with what he/she is capable of. We all have different qualities and being a coder is only one of many. Shame on you Paracelcus...
?? The purpose of online threads are for learning a concept and making it your own, not to be spoon fed someone elses EA. The concept of MGH is freely available and anyone can modify or code or manually trade it.
  • #698
  • Oct 30, 2014 7:52am Oct 30, 2014 7:52am
Update snapshot:

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1030_3.jpg Size: 930 KB
  • #699
  • Oct 30, 2014 8:08am Oct 30, 2014 8:08am
Quoting freundr
{quote} ?? The purpose of online threads are for learning a concept and making it your own, not to be spoon fed someone elses EA. The concept of MGH is freely available and anyone can modify or code or manually trade it.
@freundr
Who is spoon feeding here ?
We all learn from Kfx and helping people .. and the one that has an idea that seems to work runs away with it.
Who is spoon feeding here ?

Happy Trading
  • #700
  • Oct 30, 2014 8:15am Oct 30, 2014 8:15am
Quoting gnllr
@vaper & moncsicsi78 Paracelsus is under no obligation to share his EA, whether he coded it himself or paid to have it done.
No doubt.
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