Scalping channel - 1 minute limited martingale | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Martingale Calculation EA (also reverse martingale) 3 replies

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Attachments: Scalping channel - 1 minute limited martingale
Exit Attachments

Scalping channel - 1 minute limited martingale

  • #21
  • May 24, 2015 7:27am May 24, 2015 7:27am
i agree with you. its really working well if we follw the higher time frame and work as per the trend in m-5
  • #22
  • May 24, 2015 7:29am May 24, 2015 7:29am
can any body code a EA. as per the strategy...
  • #23
  • May 25, 2015 2:10am May 25, 2015 2:10am
Quoting wattaman
{quote} I did answer you, but didn't quote you - maybe that's why you didn't notice. I felt like you didn't read the 'how to' and that made me almost ignore you. Like Xela, for example, didn't get it and all he/she got is "going against the trend" and the fact that the 'method is almost working'. My apologies if I mislead you to believe that I'm offering you something here, Xela. As I wrote in the beginning "this trading method is far from being perfect. That's why I share it here - to improve it together." It is not for real accounts, not yet at...
I think I was wrong I did not understand your system. So I want to understand the concept.

1. You said that there will be 3 maximum trades.
2. Trade 1: I got it that it follow the trend according to strategy.
3. If trade 1 go in minus then you wait for 100 pips and open Trade 2.
4. If trade 2 also go minus then you open trade 3 after 100 pips.

If I have good understanding of system then I have some questions to understand it more. For Trade 2, do you follow the trade 1 rules or you will enter the same trade as trade 1?
Love for all; Hatred for none.
  • #24
  • May 25, 2015 2:36am May 25, 2015 2:36am
Quoting Dev84
can any body code a EA. as per the strategy...
Funny, I was inspired by an EA I've found here, on FF. It was free and soon became paid, Matrix grid or something. I don't know if it still works or if it follows the exact method as I do now, so I can't recommend it.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #25
  • May 25, 2015 2:48am May 25, 2015 2:48am
Quoting aahmad29
{quote} I think I was wrong I did not understand your system. So I want to understand the concept. 1. You said that there will be 3 maximum trades. 2. Trade 1: I got it that it follow the trend according to strategy. 3. If trade 1 go in minus then you wait for 100 pips and open Trade 2. 4. If trade 2 also go minus then you open trade 3 after 100 pips. If I have good understanding of system then I have some questions to understand it more. For Trade 2, do you follow the trade 1 rules or you will enter the same trade as trade 1?
1,2,3,4 yes
The last question I don't understand. What I do is to enter trade 2 and 3 when the price moves 100 pips away from the last opened trade. But it doesn't have to be exactly 100 pips. If it is 80-90, for example, and the signals from trade 1 happen again (ema, channel, stoch etc) then I''ll open trade 2.
However, what I am trying to do is to keep the distance as close as I can to 100 pips.
And that's what I'm trying to optimize: the pips between the trades, the lots and also the trading pairs; maybe trading time.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #26
  • May 25, 2015 2:52am May 25, 2015 2:52am
Quoting Dev84
i agree with you. its really working well if we follw the higher time frame and work as per the trend in m-5
That's good to know. If it works better than M1 (which I use) please let me know, maybe we should use this strategy on m5 and not m5
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #27
  • May 27, 2015 11:14am May 27, 2015 11:14am
Hello, do you have the original source (mq4) of this expert,ExitTrades.ex4
  • #28
  • Jun 1, 2015 11:47am Jun 1, 2015 11:47am
Quoting fxpro 1
Hello, do you have the original source (mq4) of this expert,ExitTrades.ex4
No, and don't know where I got it, either; sorry. During my first years of fx I've downloaded so many ea and indicators that it's hard to track them now, some mq4, others ex4.
But I'd search for a better one, if I'd have the time. One with some button settings, to set the size, location etc. If you find anything better, please tell.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #29
  • Jun 2, 2015 12:35am Jun 2, 2015 12:35am
Quoting wattaman
{quote} No, and don't know where I got it, either; sorry. During my first years of fx I've downloaded so many ea and indicators that it's hard to track them now, some mq4, others ex4. But I'd search for a better one, if I'd have the time. One with some button settings, to set the size, location etc. If you find anything better, please tell.
Thank you for your answer.
  • #30
  • Jun 3, 2015 3:04am Jun 3, 2015 3:04am
Quoting fxpro 1
{quote} Thank you for your answer.
No problem. And please share any other EA that can do this job better, if you find.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #31
  • Jun 3, 2015 11:43pm Jun 3, 2015 11:43pm
Quoting wattaman
{quote} No problem. And please share any other EA that can do this job better, if you find.
Of course, if I find something interesting to share it here.
  • #32
  • Edited 5:31am Jun 9, 2015 5:13am | Edited 5:31am
A short update: I have 9 days of trading and managed to double my initial account of 200$ using this method. I'm on Pepperstone (demo), leverage is 400:1 if it matters. What I think it's very important is that every day was a win (well, except for the one I accidentally clicked the Close button). Some days I had to stay in from of the PC less than 2 hours, others 5.
Next step will be to increase the initial lot size from 0.01 to 0.02. I will trade the same style (double the lot every 100 pips loss) and post here when/if I'll manage to double again (800$) - at that point the initial trade will be 0.04 (double than the previous, and so on...).
However, I had to increase the number of trades and therefore the risk. Now I'm trading maximum 5 trades, so that means that the last one (when hopefully the trend will change again in my favor) is 0.16.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #33
  • Jun 9, 2015 3:54pm Jun 9, 2015 3:54pm
Hi Wattaman

thank you for your system. I trade a similar one. I like to make a little suggestion, if you do not mind.

In my opinion you get a better result if you put a 8 or 10 pip sl and a 10 pip tp on every trade.
If you lose then you double the next trade. On this next trade you decide where and when you enter it. You dont have to take the next trade 10 pips or closer above or under the previous one . You can decide a better opportunity.

In your system i dont know your last sl, but say its 10 pips behind the 3. trade and you close than all trades. You have a loss from 110 pips 10x 3 from the first trade 10x20 x2 from the second an 10x 4 from the last one. = 110.
On my advice you lose only 70 pips. 10 on the first, 10x 2 on the second and 10x 4 on the third = 70.

in your worst case you need the margin from 0.08 lots. In my worst case i need the margin from 0.04 lot.

And you know the coin flip chance is allways 50:50.

In the image i show you what i mean.

I hope I could help a little with this new perspective and my limited knowledge, an wish you a lot green pips and sorry for my bad english.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 107 KB
  • #34
  • Jun 9, 2015 4:16pm Jun 9, 2015 4:16pm
Quoting wattaman
Hi guys, thanks for your interest. About the indicator: I don't know much about it or the arrows, sorry. For me it is useful only because it draws the channel between the previous highs/lows, so it might help entering/exiting a trade. So I just ignore those arrows. Aahmad29, you're partially right. I don't go against the main trend - that would be wrong, unless I'm 100% sure of a trend reversal (which is never, practically). But on M1, when the price goes the opposite from the main trend and hits a channel limit, it could be the time to open a trade,...
the channel maybe is donchian channel
we don't predict, we only ride
  • #35
  • Jun 10, 2015 1:20am Jun 10, 2015 1:20am
Quoting eurix
Hi Wattaman thank you for your system. I trade a similar one. I like to make a little suggestion, if you do not mind. In my opinion you get a better result if you put a 8 or 10 pip sl and a 10 pip tp on every trade. If you lose then you double the next trade. On this next trade you decide where and when you enter it. You dont have to take the next trade 10 pips or closer above or under the previous one . You can decide a better opportunity. In your system i dont know your last sl, but say its 10 pips behind the 3. trade and you close than all trades....
Thanks for the advice, Eurix.
Actually there's no SL, that's why I need the EA (or any other solution) to close all trades at once, in case that trend changes. To many spikes closing trades that would have won without a SL.
I'll try your suggestion after I'll accomplish my next target: double the account again.
What I'm searching for is an EA that will close all trades when the loss is xx% from the entire account. For example, the trend changes and my account is 400$, when/if the profit will be -100$ (25%) the EA must close everything. If I can find this I can get rid of the Close All button and use only this to manage the trades. I'm still searching.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #36
  • Jun 10, 2015 3:16am Jun 10, 2015 3:16am
Quoting eurix
{image}
Hi eurix,
Very interesting chart, perfect for tokyo/london overlap i guess ... thanks for sharing.
May i know what renko type you're using? .. is that median renko ?? ..
I see it all in between ...
  • #37
  • Jun 10, 2015 6:18am Jun 10, 2015 6:18am
Quoting wattaman
{quote} Thanks for the advice, Eurix. Actually there's no SL, that's why I need the EA (or any other solution) to close all trades at once, in case that trend changes. To many spikes closing trades that would have won without a SL. I'll try your suggestion after I'll accomplish my next target: double the account again. What I'm searching for is an EA that will close all trades when the loss is xx% from the entire account. For example, the trend changes and my account is 400$, when/if the profit will be -100$ (25%) the EA must close everything. If...

did you try these? i did not yet, these are the only EAs I have for account equity. I dont know if they fit to your system. please try only on demo.

http://www.forexfactory.com/showthread.php?t=89371

and this i think close the trades only if the equity is greater than now. so you must find a coder who can change this.
Attached File(s)
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 343 downloads
  • #38
  • Jun 10, 2015 6:22am Jun 10, 2015 6:22am
Quoting Thx
{quote} Hi eurix, Very interesting chart, perfect for tokyo/london overlap i guess ... thanks for sharing. May i know what renko type you're using? .. is that median renko ?? ..

Hi Thx

You can see on the picture on the right side on top the renko size. Its a 3 pip median renko and here is the ea.
Attached File(s)
File Type: ex4 ! MTH RenkoLiveChart_v3.3 mod adjustable shift v01.ex4   9 KB | 324 downloads
  • #39
  • Jun 10, 2015 12:13pm Jun 10, 2015 12:13pm
Quoting eurix
{quote} did you try these? i did not yet, these are the only EAs I have for account equity. I dont know if they fit to your system. please try only on demo. http://www.forexfactory.com/showthread.php?t=89371 and this i think close the trades only if the equity is greater than now. so you must find a coder who can change this. {file}
Thx. I didn't play with it yet. But I don't think it has percentage, only fixed amount.
I will try later this week.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #40
  • Jun 12, 2015 1:37am Jun 12, 2015 1:37am
Eurix can you share all your indicators pls !
0 traders viewing now