Hello, i think this EA has great potential!!! After some Backtest's i have had the following Idea: is it possible to Close All open Orders after this? if ( Profit[All] > (OpenProfit+50) ) closeAllOrders(); So after this Profit (50) the EA should close All open Orders and he can restart New. I hope someone can do that for me? Greetings, Edwin
MGH System (Martingale Grid & Hedging)
- #743
- Edited 5:18pm Nov 4, 2014 3:46pm | Edited 5:18pm
- Joined Aug 2007 | Status: Trader | 2,725 Posts
... So after some tests the lot size multiple works well, but if we set the EA to open only 2 positions in one direction (maxlevel) then EA for some reason does not open hedge x2.
Programmed is also the close for all order at Basket_TakeProfit.
(I have made the inside orders inactive, and maybe later I make the adjustments).
The include file "OrderSendReliable_v2.1" has now the right sufix ".mqh"
Another nice day. Already 1.72% for the week and the EA is in Batch1 with floating profits.
Total profit +5.57% for the past 7 trading days, i.e. 0.8% per day. Which is not bad. My local bank gives that much for a year...
Please disregard the EMA on this chart, as for the better visibility I have switched the chart to M15. On H1 the EMA200 still indicates a downtrend, which is why each new Batch1 had been opened as SELL.
Total profit +5.57% for the past 7 trading days, i.e. 0.8% per day. Which is not bad. My local bank gives that much for a year...
Please disregard the EMA on this chart, as for the better visibility I have switched the chart to M15. On H1 the EMA200 still indicates a downtrend, which is why each new Batch1 had been opened as SELL.
- #752
- Edited 1:04am Nov 5, 2014 12:36am | Edited 1:04am
- | Additional Username | Joined Jun 2014 | 284 Posts
Hi Love the idea, was previously looking into this. Glad its working for some. Just a quick question, at what point do you cut a loss on a trade? after level 4, what if its in a severely strong trend. I appreciate that the opposite trades will be winning, but all 4 open positions on the wrong side would be deep in the red. Cause quite an issue. Apologies if I have missed that and this has already been discussed. Thanks, Oz
In my opinion the strategy and the parameters should be designed so (and it was my goal) that it should not capitulate. The reason: you need to allow at least 4 Batches ("Hedges") to make it profitable, however, if you are in the 5th Batch (Hedge) your floating DD is so significant, that the recovery time is simply too long. So the only solution is to "keep on running" and to build a safe path for the "run".
As mentioned previously this is exactly why I have significantly reduced "Basket TP" to a minimal 5 USD, i.e. just to cover ECN commissions: Once a "Basket" is in play (which means that a Batch2 trade had been opened, like right now as shown on the attached screenshot) the only goal of the EA is to escape, i.e. to close the Basket ASAP and reset the EA so it can make REAL PROFITS by Batch1 trades. Over the past 7 trading days ALL significant real profits had been made by Batch1 trades.
{quote} As mentioned previously this is exactly why I have significantly reduced "Basket TP" to a minimal 5 USD, i.e. just to cover ECN commissions: Once a "Basket" is in play (which means that a Batch2 trade had been opened, like right now as shown on the attached screenshot) the only goal of the EA is to escape, i.e. to close the Basket ASAP and reset the EA so it can make REAL PROFITS by Batch1 trades. Over the past 7 trading days ALL significant real profits had been made by Batch1 trades.
{quote} I hope to made the right changes... Programmed is also the close for all order at Basket_TakeProfit. (I have made the inside orders inactive, and maybe later I make the adjustments). The include file "OrderSendReliable_v2.1" has now the right sufix ".mqh" {file} {file} {file}
''Close all order at Basket_TakeProfit'' works great.
This is my last question, I promise
It is possible to change the TP functions as in Paracelsus's post 367
Some "brainstorming" ideas for further experimentations: 1. First batch entry is in "trend direction": Buy: When price comes from BELOW and touch a grid level (level 1) Sell: When price comes from ABOVE and touch a grid level (level 1) Reasoning: To keep "friendship with the trend" starting from Level1 of Original Batch. (All further "H" Level entries are in "trend direction", so why not first one, too?) 2. Not moving original TP levels when Level2 and Level3 trades are activated. TP: Next level (10 pips) If the price drops 10 pips, add a buy (level...
Thanks again!!
{quote} I hope to made the right changes... Programmed is also the close for all order at Basket_TakeProfit. (I have made the inside orders inactive, and maybe later I make the adjustments). The include file "OrderSendReliable_v2.1" has now the right sufix ".mqh" {file} {file} {file}
Great work. It's really an important step for this thread.
{quote} My "modified version" can go for Batch5, although in backtests it was not needed. Nevertheless, Batch5 floating DD can reach -35% (0.1 lot/10k). In my opinion the strategy and the parameters should be designed so (and it was my goal) that it should not capitulate. The reason: you need to allow at least 4 Batches ("Hedges") to make it profitable, however, if you are in the 5th Batch (Hedge) your floating DD is so significant, that the recovery time is simply too long. So the only solution is to "keep on running" and to build a safe path for...
Nice results. Your modifications give good results. Keep it up.
