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MGH System (Martingale Grid & Hedging)

  • #761
  • Nov 5, 2014 2:30pm Nov 5, 2014 2:30pm
Quoting kaczucha11
This is my last question, I promise
I hope this!
Quote
...It is possible to change the TP functions as in Paracelsus's post 367
The post is from FxMasterGuru.

Maybe can help us Paracelsus to analyse this EA version, and suggest what should make different the EA.
So far I have made only small adjustments in the original EA, without changing the functionality.
  • #762
  • Nov 5, 2014 3:17pm Nov 5, 2014 3:17pm
Quoting SwingMan
{quote} The post is from FxMasterGuru. Maybe can help us Paracelsus to analyse this EA version, and suggest what should make different the EA. So far I have made only small adjustments in the original EA, without changing the functionality.
If I remember correctly FxMasterGuru and Paracelsus this is the same person and I think his TP suggestion is most important component of this strategy.
But of course we can wait for his opinion.
Thank you
  • #763
  • Nov 5, 2014 3:32pm Nov 5, 2014 3:32pm
Hi, can anybody tel me where to put the ordersendreliable indi?
  • #764
  • Edited 3:48pm Nov 5, 2014 3:37pm | Edited 3:48pm
Quoting kaczucha11
{quote} If I remember correctly FxMasterGuru and Paracelsus this is the same person and I think his TP suggestion is most important component of this strategy. But of course we can wait for his opinion. Thank you
Yes, it was me posting previously as FxMasterGuru.

Concerning the EA I cannot really help much as I am not a programmer and my EA was built by someone who knows how to "custom-make" one. If needed, I can send his e-mail address via PM and probably he could assist with anything.
  • #765
  • Nov 5, 2014 11:58pm Nov 5, 2014 11:58pm
Quoting shum
Hi, can anybody tel me where to put the ordersendreliable indi?
Hi,

Place the indicator file under the

C:\Program Files\MetaTrader 4\MQL4\Include

directory.
  • #766
  • Nov 6, 2014 6:24am Nov 6, 2014 6:24am
Quoting SwingMan
{quote} I hope this! {quote} The post is from FxMasterGuru. Maybe can help us Paracelsus to analyse this EA version, and suggest what should make different the EA. So far I have made only small adjustments in the original EA, without changing the functionality.
Hi SwingMan,

You can change the following code from
if(OrderType()==OP_SELL && numSell<=MaxLevel)
{
if(numSell==1) tp=lowestSellPrice -OrderGap *pt;
if(numSell>1) tp=lowestSellPrice-2*pt;
SetTakeProfit(OP_SELL,tp);
}
if(OrderType()==OP_BUY && numBuy<=MaxLevel)
{
if(numBuy==1) tp=highestBuyPrice+OrderGap *pt;
if(numBuy>1) tp=highestBuyPrice+2*pt;
SetTakeProfit(OP_BUY,tp);
}

TO

if(OrderType()==OP_SELL && numSell<=MaxLevel)
{
if(numSell==1) tp=lowestSellPrice -(2 * OrderGap *pt);
if(numSell>1) tp=lowestSellPrice -(2 * OrderGap *pt);
SetTakeProfit(OP_SELL,tp);
}
if(OrderType()==OP_BUY && numBuy<=MaxLevel)
{
if(numBuy==1) tp=highestBuyPrice+(2 * OrderGap *pt);
if(numBuy>1) tp=highestBuyPrice+(2 * OrderGap *pt);
SetTakeProfit(OP_BUY,tp);
}

It's changing the tp.
Please check it.

Benz
  • #767
  • Nov 6, 2014 7:29am Nov 6, 2014 7:29am
Quoting Bendz
... Hi SwingMan, You can change the following code...
Thank you, I have now a version 2.3 where I replaced the 2 with a variable as input-parameter.
Unfortunately I have a few new ideas, and have to make some additional tests...
  • #768
  • Nov 6, 2014 7:57am Nov 6, 2014 7:57am
Basket was closed as planned with the sell breakout. MGH has made profit where the market moved. New Batch1 sell positions have been opened.

Summary: +5.6% net profit after 8.5 trading days.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1105.jpg Size: 968 KB
  • #769
  • Nov 6, 2014 8:04am Nov 6, 2014 8:04am
Quoting Paracelsus
Basket was closed as planned with the sell breakout. MGH has made profit where the market moved. New Batch1 sell positions have been opened. Summary: +5.6% net profit after 8.5 trading days. {image}
Are you trading live of on DEMO? Because if you are on a live account it looks really, really good...
  • #770
  • Nov 6, 2014 8:15am Nov 6, 2014 8:15am
Hello Paracelsus,
is it possible that you can share your MGHEA_V5 with us?
Kind regards,
Edwin
  • #771
  • Nov 6, 2014 8:17am Nov 6, 2014 8:17am
Quoting phdmonster
{quote} Are you trading live of on DEMO? Because if you are on a live account it looks really, really good...
No, this is still a DEMO forward test. Nevertheless, I do plan to trade it live soon. (Only my "Portfolio" is a live account.)
  • #772
  • Nov 6, 2014 8:20am Nov 6, 2014 8:20am
Quoting halobungie
Hello Paracelsus, is it possible that you can share your MGHEA_V5 with us? Kind regards, Edwin
As mentioned in previous posts my EA was made by a "pro" programmer and due to copyright issues I cannot share it.

Nevertheless, SwingMan has posted his MGH EA, which should work similarly.
  • #773
  • Nov 6, 2014 8:31am Nov 6, 2014 8:31am
Quoting SwingMan
{quote} Thank you, I have now a version 2.3 where I replaced the 2 with a variable as input-parameter. Unfortunately I have a few new ideas, and have to make some additional tests...
Hello SwingMan,

Great work. Keep it up. Expecting your ideas and results.
  • #774
  • Nov 6, 2014 9:07am Nov 6, 2014 9:07am
Quoting Bendz
Hello SwingMan, Great work. Keep it up. Expecting your ideas and results.
In your profile I saw that you're meditation expert.
Many years ago I posted something about my trading meditation experience in Tibet ...

Here the link: http://www.forexfactory.com/showthre...94#post2909494
  • #775
  • Nov 6, 2014 10:17am Nov 6, 2014 10:17am
Quoting SwingMan
{quote} In your profile I saw that you're meditation expert. Many years ago I posted something about my trading meditation experience in Tibet ... Here the link: http://www.forexfactory.com/showthre...94#post2909494
Hi SwingMan,

Thanks for your suggestion. Once I've meditated "OM mani padme hom". One day when I've repeated the mantra, I laughed for a long period. I don't know the reason. Aferthat I did'nt do the meditation. From now, I'm on my way.

Thanks a lot.
  • #776
  • Nov 6, 2014 11:03am Nov 6, 2014 11:03am
Another textbook day for MGH... Profits are made where the market goes...

NET PROFIT: +6.15% for the past 9 trading days.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1105_3.jpg Size: 1.0 MB
  • #777
  • Nov 6, 2014 11:08am Nov 6, 2014 11:08am
Quoting Paracelsus
Another textbook day for MGH... Profits are made where the market goes... NET PROFIT: +6.15% for the past 9 trading days. {image}
Hi Paracelsus,

Nice result. I expect this method gives good returns. Nice work and keep it up.
  • #778
  • Nov 6, 2014 11:30am Nov 6, 2014 11:30am
Hi Paracelsus,

just a little question, because I can not see the order closes in your charts:

From your explanations I understand that after opening a second Batch (2 sells, 2 buys) the EA disable the TPs and close all orders for a win of $5.
Is that so?
  • #779
  • Nov 6, 2014 11:40am Nov 6, 2014 11:40am
Quoting SwingMan
Hi Paracelsus, just a little question, because I can not see the order closes in your charts: From your explanations I understand that after opening a second Batch (2 sells, 2 buys) the EA disable the TPs and close all orders for a win of $5. Is that so?
Yes, absolutely correct. "Basket TP" function is activated as soon as the first "hedge" trade (i.e. Batch2/Trade1) has been opened.
  • #780
  • Nov 6, 2014 2:21pm Nov 6, 2014 2:21pm
Impressive results FxMasterGuru/Paracelsus!

I've been sort of lurking in this thread. So from what I've gathered, would I be correct to say that this strategy can otherwise be identified as a trend-based strategy that uses cost-averaging (the grid), that uses martingaling and hedging as exit strategy? I most certainly agree with Paracelsus that the sole purpose of Martingale and Hedge are to get the heck out as fast as possible, while minimizing the "Death Trail" so you aptly named.

My questions are:

1.) From your experience, is using only a 200EMA sufficient as a reliable entry? Since this is a trend-based system, how could we improve the entry?

2.) I know this is more complicated but, what are your thought on pyramiding the grid when in profit? This leads to exponential profits.

Thanks!
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