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MGH System (Martingale Grid & Hedging)

  • #921
  • Nov 21, 2014 2:31am Nov 21, 2014 2:31am
Quoting vaper
...That pic tells a lot. Logically it doesn't make sense to open a Buy as the 4th trade etc.. still looking and thinking it over...
If you have suggestions, please post this. I am developing now further.
  • #922
  • Edited 3:10am Nov 21, 2014 2:52am | Edited 3:10am
Quoting vaper
{quote} Thanks SwingMan for the EA !! Testing . . . here is the first group of trades that goes into close-all. {image} and it works out like this : {image} That pic tells a lot. Logically it doesn't make sense to open a Buy as the 4th trade etc.. still looking and thinking it over. Thanks again, cheers vaper
Once Batch2/Trade1 (i.e. the 3rd trade in a row) is opened the name of the game is: "ESCAPE from the BASKET". So my EA runs the same way as SwingMan's.

In other words: when Batch2/Trade1 is opened the EA is already hedging Batch1 and anticipating a possible trend reversal. The 4th trade (i.e. Batch2/Trade2) is a "pullback" entry, and the purpose of it is to facilitate the "escape", if and when the trend reverses.

As seen on todays's screenshot, the basket opened yesterday was closed with profit today, and a new BUY Batch was opened as the trend (as per 200EMA) is still up.

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1121.jpg Size: 957 KB
  • #923
  • Nov 21, 2014 3:32am Nov 21, 2014 3:32am
MGH EA has handled the EURUSD price drop with flying colors (M5 chart for better viewing):

(Profits are made wherever the price goes...)

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1121_2.jpg Size: 756 KB
  • #924
  • Nov 21, 2014 4:05am Nov 21, 2014 4:05am
As the enclosed screenshot shows the 10 pips (and 1x) grid was just perfect for the small pullbacks in the new trend:

Attached Image (click to enlarge)
Click to Enlarge Name: MGH 1121_3.jpg Size: 861 KB
  • #925
  • Nov 21, 2014 5:29am Nov 21, 2014 5:29am
Hello all,

first post here in FF. I want to start giving thanks to all of you for your great contribution and help given to new ones like me. I have been trading for 2 years now with no high success but there is something in trading that makes me to do not give up.

Swingman, I have a suggestion for your nice EA. As stated several times before, the benefits of the system comes from the first batch and next batches are to facilitate the escape. We can see that lot of times we require of those next batches, meaning that we were not succesfull in selection of direction of first batch.

My idea is to have the possibility to do the first entry batch against the trend, with this we can add the EA to two different EURUSD charts, one to follow the trend and the second to enter against the trend.

With this, we will ensure that at least one of them will be right into the selection of the first batch. I hope that this will increase the overall profitability while not increasing the risk significantly.
  • #926
  • Edited 9:23am Nov 21, 2014 9:04am | Edited 9:23am
I just noticed that after a restart the EA is not working properly ... Please be careful and do not trade live.

The cause was an unexpected restart of the Metatrader server ...
  • #927
  • Nov 21, 2014 9:11am Nov 21, 2014 9:11am
risky test batches 0.01, 2.5 multiplier, MGH EA4.2, 100e account. . have if she survives.

I think the entries follow different rules to EA parcelsus ... I have to look deeper ..
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 IC Markets.png Size: 89 KB
  • #928
  • Nov 21, 2014 9:35am Nov 21, 2014 9:35am
Quoting SwingMan
I just noticed that after a restart the EA is not working properly ... Please be careful and do not trade live. The cause was an unexpected restart of the Metatrader server ...
I have run into a similar (or same?) problem with my own EA. The programmer had to use "Global Variables" (whatever it means) to save the current state of the entries and to reconstruct the situtation after a restart.
  • #929
  • Nov 21, 2014 9:39am Nov 21, 2014 9:39am
Quoting Clipi
risky test batches 0.01, 2.5 multiplier, MGH EA4.2, 100e account. . have if she survives. I think the entries follow different rules to EA parcelsus ... I have to look deeper .. {image}
Based on Kfx's backtests, this 100 Euros account will not survive... In Kfx's bactests even a 10k account with 0.1 starting lot had -50% DD at least twice a year.
  • #930
  • Nov 21, 2014 9:43am Nov 21, 2014 9:43am
Quoting Clipi
...I think the entries follow different rules to EA parcelsus ... I have to look deeper ..
Have you also seted "Entry_Method=Close_And_EMA_200" ?
  • #931
  • Nov 21, 2014 9:49am Nov 21, 2014 9:49am
Quoting Paracelsus
I have run into a similar (or same?) problem with my own EA. The programmer had to use "Global Variables" (whatever it means) to save the current state of the entries and to reconstruct the situtation after a restart.
Thaks, I know the solution with Global Variables, but at the time I use a different method and it seem not to be correct...
  • #932
  • Nov 21, 2014 10:26am Nov 21, 2014 10:26am
Here is the corrected version 4.2.1

Quoting SwingMan
I just noticed that after a restart the EA is not working properly ... Please be careful and do not trade live. The cause was an unexpected restart of the Metatrader server ...
The restart was wrong when only a single order was available ...
Attached File(s)
File Type: ex4 MGH EA_v4.2.1.ex4   84 KB | 2,381 downloads
File Type: mq4 MGH EA_v4.2.1.mq4   36 KB | 4,246 downloads
  • #933
  • Nov 21, 2014 10:55am Nov 21, 2014 10:55am
Ok i've restarded wih 4.21.. EURUSD grid 10 AUDUSD (ATR) GBPJPY (ATR)

https://www.myfxbook.com/portfolio/mgh/1082277

Thanks....
Regards
  • #934
  • Nov 21, 2014 12:10pm Nov 21, 2014 12:10pm
Quoting Mastersenseo
Hello all, first post here in FF. I want to start giving thanks to all of you for your great contribution and help given to new ones like me. I have been trading for 2 years now with no high success but there is something in trading that makes me to do not give up. Swingman, I have a suggestion for your nice EA. As stated several times before, the benefits of the system comes from the first batch and next batches are to facilitate the escape. We can see that lot of times we require of those next batches, meaning that we were not succesfull in selection...
Excellent idea, Mastersenseo! Thanks!!

With your suggestion the profitability of the strategy can be practically doubled, assuming that picking Batch1/Trade1 direction based on 1-hr EMA200 had a 50% chance of winning the 1st Batch. Even if this chance were 60%, still - entering in both direction - would bring in some more profits without increasing the risk.

Nevertheless, robotising of this bi-directional entry method would be challenging as one EA (the one which has completed a 20 or 50 pips TP) should continuously monitor the other "suffering" EA (running on another chart) for Basket closure.

Question to SwingMan: Do you think it can be programmed? (Namely: the two EAs are monitoring each other, or a 3rd EA is monitoring the two MGH EAs and allowing new Batch1 trades on both charts ONLY when both EAs have completed their cycles).
  • #935
  • Nov 21, 2014 12:30pm Nov 21, 2014 12:30pm
Quoting Paracelsus
...Question to SwingMan: Do you think it can be programmed? (Namely: the two EAs are monitoring each other, or a 3rd EA is monitoring the two MGH EAs and allowing new Batch1 trades on both charts ONLY when both EAs have completed their cycles).
Is possible, but in one chart is easier...

Maybe test you on this weekend the snow ball system: https://sites.google.com/site/prof7bit/snowball
  • #936
  • Nov 21, 2014 12:58pm Nov 21, 2014 12:58pm
Quoting SwingMan
{quote} Is possible, but in one chart is easier... Maybe test you on this weekend the snow ball system: https://sites.google.com/site/prof7bit/snowball
Do you mean by building a bi-directional MGH EA...?
  • #937
  • Nov 21, 2014 1:11pm Nov 21, 2014 1:11pm
Quoting Paracelsus
{quote} Do you mean by building a bi-directional MGH EA...?
What's happen if we put one Ea only long and other only short in two different charts with 2 magic number?
  • #938
  • Nov 21, 2014 1:45pm Nov 21, 2014 1:45pm
Quoting Paracelsus
...Do you mean by building a bi-directional MGH EA...?
Yes, something like that. One would have to formulate an algorithm. Check the snowball idea, maybe can be do something in this direction.
  • #939
  • Nov 21, 2014 4:06pm Nov 21, 2014 4:06pm
Quoting cescof
{quote} What's happen if we put one Ea only long and other only short in two different charts with 2 magic number?
The issue with two non-synchronous EA is that at any point they may align in the same direction which might double the DD.

So once started together, the EA which reaches TP first would have to wait with its next "Batch1/Trade1" entry until the other one reaches its Global TP, i.e. when it can escape from the Basket. Then, and only then they could open new simultaneous bi-directional "Batch1/Trade1" trades according to Mastersenseo's idea.
  • #940
  • Nov 21, 2014 4:27pm Nov 21, 2014 4:27pm
Quoting SwingMan
{quote} Yes, something like that. One would have to formulate an algorithm. Check the snowball idea, maybe can be do something in this direction.
Hi , I thought the snopwball idea was meant to be a manager with MANUAL closing the current trades at hand ?
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