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MGH System (Martingale Grid & Hedging)

  • #881
  • Nov 13, 2014 12:00pm Nov 13, 2014 12:00pm
Quoting SwingMan
{quote} Sure, here is your file: {file}
Thank you
  • #882
  • Nov 13, 2014 12:00pm Nov 13, 2014 12:00pm
MT4:
open tab "ACCOUNT HISTORY"
drag a trade from list and drop on chart . there it is
if you hold "shift" down before drag, it will print all history for the symbol

Quoting SwingMan
Draw Order Arrows Hi Paracelsus, here a little tool only for you: Because the EAs dont draw close arrows and trendlines between open and close, you can drop the "DrawOrderArrows" script in your charts. To test this, you can open a new chart window for EURUSD and drop the script. Then can you drop in your trading chart. The functions in the script can be added in every EA. If OK, please post your charts with arrows (and trend lines) {file} {file}
My Best Trade is Next Trade!
  • #883
  • Nov 13, 2014 12:04pm Nov 13, 2014 12:04pm
Quoting SwingMan
{quote} Sure, here is your file: {file}
Hi SwingMan,

Thanks for sharing ea source.
  • #884
  • Edited 1:00pm Nov 13, 2014 12:09pm | Edited 1:00pm
Can anybody suggest a list of loosely (i.e. minimally) correlated pairs?
  • #885
  • Nov 13, 2014 1:35pm Nov 13, 2014 1:35pm
Quoting MAM.Trader
MT4: open tab "ACCOUNT HISTORY" drag a trade from list and drop on chart . there it is if you hold "shift" down before drag, it will print all history for the symbol
Thank you!
But, you're right as long as the world is in order ...
Previous days I happened that Windows has crashed and at boot up, there were no arrows because I havent saved before the profile.
You can draw the historic trades like you describe, but you also need the arrows for active orders. The script has the necessary functions, that is all.
  • #886
  • Nov 13, 2014 5:13pm Nov 13, 2014 5:13pm
Quoting Clipi
{quote} Defaut settings, but initial lot = 0.01
Thanks a lot!
  • #887
  • Nov 14, 2014 4:24am Nov 14, 2014 4:24am
Quoting kaczucha11
{quote} Thank you
Can you share a new version with changable lot multiplicator?
  • #888
  • Nov 14, 2014 4:41am Nov 14, 2014 4:41am
Quoting moncsicsi78
{quote} Can you share a new version with changable lot multiplicator?
I thing this question should be addressed to SwingMan. I can only play with lot size in the code and test it but not able to post Ea with ability to change that in settings. I hope you understand.
  • #889
  • Nov 14, 2014 8:25am Nov 14, 2014 8:25am
Forward test is still looking good after the 3rd week, although I need to emphasize that settings are somewhat risky.

Batch"X"/Trade2 lot size reduction and diversification should be used for added safety.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1114.jpg Size: 1.0 MB
  • #890
  • Nov 14, 2014 8:44am Nov 14, 2014 8:44am
Quoting kaczucha11
{quote} I thing this question should be addressed to SwingMan. I can only play with lot size in the code and test it but not able to post Ea with ability to change that in settings. I hope you understand.
I can do change the lot sizes in the code (I think 2.5 is very risky!), but after then my MT4 can't open the mq4 file... So I need an ex4 of it.
  • #891
  • Nov 14, 2014 10:08am Nov 14, 2014 10:08am
Quoting moncsicsi78
{quote} I can do change the lot sizes in the code (I think 2.5 is very risky!), but after then my MT4 can't open the mq4 file... So I need an ex4 of it.

Hi...and...
first ...thanks alot for all of you which are sharing the MGH system .
I have the same problem: I want test "live" this ea, but I can't invest more than 1000 € for the test on my cloud/vps...
I tried different settings of the ea, but of course the strategy tester gave better performance by default setting....
But by default settings, with 1000 euro...it looks dangerous...
  • #892
  • Nov 14, 2014 2:30pm Nov 14, 2014 2:30pm
I have tested Mgh 1 , 2 , and 3 also but for some reason the basket tp does not work, the multiplier does not work (all orders same size) ...

Can someone change v1 or v2.3 for each order to be created the same way but individually to get a trailing stop instead of basket profit? It might be worth to check how that goes.

Thanks in advance
  • #893
  • Nov 14, 2014 7:00pm Nov 14, 2014 7:00pm
Just a thought if it had not yet been considered:

What about progressive lot size use instead of a multiplying factor for martingale?

I read about it in this thread: http://www.forexfactory.com/showthread.php?t=508537
  • #894
  • Nov 15, 2014 12:25am Nov 15, 2014 12:25am
Quoting bluepanther
Just a thought if it had not yet been considered: What about progressive lot size use instead of a multiplying factor for martingale? I read about it in this thread: http://www.forexfactory.com/showthread.php?t=508537
There will be advantages and disadvantages of big lotmultiplicator.
There are no absolute rules. It depends on a lot of other factor.
But there would be better if the lotmulti was changed by users.
  • #895
  • Nov 16, 2014 3:47am Nov 16, 2014 3:47am
Quoting moncsicsi78
{quote} There will be advantages and disadvantages of big lotmultiplicator. There are no absolute rules. It depends on a lot of other factor. But there would be better if the lotmulti was changed by users.
Do you understand what I mean by progressive lot size? I mean lot size of trades increasing by a standard increment (1, 2, 3, 4, 5) as opposed to a multiplication factor (1, 2, 4, 8, 16). One can observe that a multiplication factor will compound both profits and losses by an order of magnitude.

Further to this possibility:
a) Lot size could either be reset to [level] 1 at the close of the grid (1, 2, 3, 4, 1, 2, 3, 1), or
b) Lot size could follow a progression lower (1, 2, 3, 4, 3, 4, 5, 4) (higher risk)

Anyway, some suggestions to consider.
  • #896
  • Nov 16, 2014 9:03am Nov 16, 2014 9:03am
Quoting bluepanther
{quote} Do you understand what I mean by progressive lot size? .
Yes, I do...

I can repeat my opinion posted before.
  • #897
  • Nov 17, 2014 9:24am Nov 17, 2014 9:24am
So far +12% net profit over the past 3 weeks (profitability is not confirmed by backtests!):

Attached Image (click to enlarge)
Click to Enlarge Name: MGH_1117.jpg Size: 1.1 MB
  • #898
  • Nov 17, 2014 9:50am Nov 17, 2014 9:50am
Quoting Paracelsus
So far +12% net profit over the past 3 weeks (profitability is not confirmed by backtests!): {image}
Hi Paracelsus,

Great to see the good results.
  • #899
  • Nov 18, 2014 7:23am Nov 18, 2014 7:23am
Hi all!!
After long backtests I decided to concentrate on version 2.2 which is nearest the original idea (just the most logical for me).
On the attached image I would like to show some small changes which can contribute to a faster exit from the basket in profit.
I'm sorry if I'm wrong in this idea
Please leave comments if someone has something to say.
Regards

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15m.png Size: 77 KB
  • #900
  • Nov 18, 2014 8:09am Nov 18, 2014 8:09am
Quoting kaczucha11
Hi all!! After long backtests I decided to concentrate on version 2.2 which is nearest the original idea (just the most logical for me). On the attached image I would like to show some small changes which can contribute to a faster exit from the basket in profit. I'm sorry if I'm wrong in this idea Please leave comments if someone has something to say. Regards {image}
My modified version already uses the principle of reducing Basket Profit (i.e. Global TP) to 5 USD (to cover commissions). Of course, the smaller the Global TP, the sooner the basket will be closed.

The "only" question is where is the optimal "basket loss" level, i.e. sacrificing "hard earned" profits by closing baskets in LOSS for the purpose of "fast escape from the basket" and. getting a chance for a "new start".
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