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Reverse Martingale strategy

  • #21
  • Jun 5, 2015 3:41am Jun 5, 2015 3:41am
Quoting MathTrader7
Here is the first version of the EA. The user fires Buy or Sell order, and the EA takes care of the rest. {image} {file}
Please can you explain what you mean by the user fires buy or sell order and the EA takes care of the rest? do you mean the EA will be moving the stop losses as described in the strategy ? will the EA also open the subsequent buy or sell orders as price moves in its favor or we also have to fire buy or sell?
Buying the currency being demanded Selling that being supplied
  • #22
  • Jun 5, 2015 3:43am Jun 5, 2015 3:43am
Quoting Financier
{quote} Please can you explain what you mean by the user fires buy or sell order and the EA takes care of the rest? do you mean the EA will be moving the stop losses as described in the strategy ? will the EA also open the subsequent buy or sell orders as price moves in its favor or we also have to fire buy or sell?
The user just starts a trade, the EA does the rest which means it opens new pending orders and moves the SLs.
Trading is the hardest way to make easy money...
  • #23
  • Jun 5, 2015 3:49am Jun 5, 2015 3:49am
Hi folks Just a thought here (and I know little to nothing about martingale) but, looking at techlovers results above, Would it not be wiser to place the largest position first?

"Assuming" the initial position is placed correctly off a solid SR (either way), we all know the further price gets from that point the more likely it is to turn and return in that direction. So if techlovers first position was the largest, the profit would have been more when the last SL was hit .. no?

The initial risk is more but if placed correctly, seems like the EA would cover rather quickly?

Like I said, just a thought.
Ghost Rider - WWTBMD?
  • #24
  • Jun 5, 2015 3:55am Jun 5, 2015 3:55am
Quoting albchr
Hi folks Just a thought here (and I know little to nothing about martingale) but, looking at techlovers results above, Would it not be wiser to place the largest position first? "Assuming" the initial position is placed correctly off a solid SR (either way), we all know the further price gets from that point the more likely it is to turn and return in that direction. So if techlovers first position was the largest, the profit would have been more when the last SL was hit .. no? The initial risk is more but if placed correctly, seems...

If first position is large what if it hits the SL , In trading no one can 100% predict the market so we will go with the small one first and if our prediction is right and market is going with our order so its time for us to book more profit

In NEWS time i will put both buy and sell just 5 min before news , so one small order will hit SL and other will go , if the market moves atleast 100 pips we will having good profit
  • #25
  • Jun 5, 2015 4:03am Jun 5, 2015 4:03am
Quoting techlover
{quote} If first position is large what if it hits the SL , In trading no one can 100% predict the market so we will go with the small one first and if our prediction is right and market is going with our order so its time for us to book more profit In NEWS time i will put both buy and sell just 5 min before news , so one small order will hit SL and other will go , if the market moves atleast 100 pips we will having good profit
As I said the initial risk is more and yes, no one can predict "100%" which way the market would move. But we can find the most likely places price will bounce/turn.

I'd be interested in testing an EA that worked placing the largest position first. Will this one here allow us to set that? Or is it automatically set to start small and go larger?
Ghost Rider - WWTBMD?
  • #26
  • Jun 5, 2015 4:06am Jun 5, 2015 4:06am
Quoting albchr
{quote} As I said the initial risk is more and yes, no one can predict "100%" which way the market would move. But we can find the most likely places price will bounce/turn. I'd be interested in testing an EA that worked placing the largest position first. Will this one here allow us to set that? Or is it automatically set to start small and go larger?
At the current state of the EA, it executes the strategy described in Post 1.
Trading is the hardest way to make easy money...
  • #27
  • Jun 5, 2015 4:10am Jun 5, 2015 4:10am
Quoting MathTrader7
{quote} At the current state of the EA, it executes the strategy described in Post 1.
Ok, but thanks for the idea. I may have to talk to some folks about coding one to try. Good luck folks.
Ghost Rider - WWTBMD?
  • #28
  • Jun 5, 2015 4:14am Jun 5, 2015 4:14am
Mathtrader7, when can we get this EA for live accounts as many would prefer to test on live account, I have small balance live account I like to use for initial test of EA and later use demo account to finetune strategy.
Buying the currency being demanded Selling that being supplied
  • #29
  • Jun 5, 2015 4:20am Jun 5, 2015 4:20am
Here is Version 1.10 of the EA that trades on Live accounts.
Attached File(s)
File Type: ex4 MathTrader7_RevMartingaleEA.ex4   137 KB | 605 downloads

Note: The EA has not been fully tested yet, so there may be some bugs that cause your account blow up. USE IT AT YOUR OWN RISK, I DO NOT TAKE ANY RESPONSIBILITY.
Trading is the hardest way to make easy money...
  • #30
  • Jun 5, 2015 4:43am Jun 5, 2015 4:43am
Quoting MathTrader7
Here is Version 1.10 of the EA that trades on Live accounts. {file} Note: The EA has not been fully tested yet, so there may be some bugs that cause your account blow up. USE IT AT YOUR OWN RISK, I DO NOT TAKE ANY RESPONSIBILITY.

Thanks for now,
Buying the currency being demanded Selling that being supplied
  • #31
  • Jun 5, 2015 5:21am Jun 5, 2015 5:21am
Can you move three button to left side of window? they can overlay price candles.
Put them below "- Net Profit = ".
  • #32
  • Jun 5, 2015 6:10am Jun 5, 2015 6:10am
Quoting albchr
{quote} Ok, but thanks for the idea. I may have to talk to some folks about coding one to try. Good luck folks.
Morning Chris I'm stalking you!@

A nice pyramiding EA would be great to have and turn on around confirmation of zones holding. I'm trying to work on one at the moment using a set of if then else conditions for adding with much difficulty based on my lack of coding knowledge. If you have any luck can you keep us posted and likewise I will let you know if I come up with anything that works.

Techlover sorry to side track your thread.
  • #33
  • Jun 5, 2015 6:47am Jun 5, 2015 6:47am
Quoting techlover
Hello guys, where ever u see any Ea or strategy u will always find a martingale strategy , we know it is a good strategy for loosing money i am thinking why cant we try a reverse martingale strategy , here is my idea Assume that market in in buy trend so we took buy order Trade 1: 0.1 buy order opened if market went up 15 pips we moved SL of trade 1 to 10 pips we open another trade 0.2 Trade 2: 0.2 buy opened if market went 30 pips we moved SL of trade 1 &2 to 25 pips we opened another trade 0.4 Trade 3: 0.4 buy order opened if market went...
Hi techlover,

The concept is great.

Although I agree with albchr on having the biggest order at the start, or at least having equal lot size for all orders in the chain.

In fact I developed two EAs with similar concept in the Robot Lab (Ladder System, and, Anti Sucker), however they both use fixed size for all orders.
My next step for the ladder system was to use Reducing Lot Size, and Increasing Step Size which can make it un-breakable.

Thanks for sharing,

Regards

Khalil
No guts, no glory
  • #34
  • Jun 5, 2015 6:56am Jun 5, 2015 6:56am
Quoting abokwaik
{quote} Hi techlover, The concept is great. Although I agree with albchr on having the biggest order at the start, or at least having equal lot size for all orders in the chain. In fact I developed two EAs with similar concept in the Robot Lab (Ladder System, and, Anti Sucker), however they both use fixed size for all orders. My next step for the ladder system was to use Reducing Lot Size, and Increasing Step Size which can make it un-breakable. Thanks for sharing, Regards Khalil
Hi Abotwaik, do you have a link to the EA you developed? would be interested to have a look. I personally think any Pyramid system works best when they lower lot size as it steps down or up not increasing.

i.e first positions 2 lot, 1 lot, .5, .5, .5 etc etc.
  • #35
  • Jun 5, 2015 7:42am Jun 5, 2015 7:42am
Quoting MathTrader7
Here is Version 1.10 of the EA that trades on Live accounts. {file} Note: The EA has not been fully tested yet, so there may be some bugs that cause your account blow up. USE IT AT YOUR OWN RISK, I DO NOT TAKE ANY RESPONSIBILITY.

seems there is a bug in this new version the pending orders are automatically closing as soon as we place the trade
  • #36
  • Jun 5, 2015 7:48am Jun 5, 2015 7:48am
Quoting techlover
{quote} seems there is a bug in this new version the pending orders are automatically closing as soon as we place the trade
You may not have enough Margin where your broker closes the orders... However, I will check the code for any possible bug to fix it.
Trading is the hardest way to make easy money...
  • #37
  • Jun 5, 2015 7:50am Jun 5, 2015 7:50am
Quoting MathTrader7
{quote} You may not have enough Margin where your broker closes the orders... However, I will check the code for any possible bug to fix it.
i have opened a new demo of 10k and on opened only 1 lot , there is no problem with margin
  • #38
  • Jun 5, 2015 7:51am Jun 5, 2015 7:51am
Quoting techlover
{quote} i have opened a new demo of 10k and on opened only 1 lot , there is no problem with margin
Another possibility is that the pending orders are not filled because of high slippage.
Trading is the hardest way to make easy money...
  • #39
  • Jun 5, 2015 7:54am Jun 5, 2015 7:54am
Quoting MathTrader7
{quote} Another possibility is that the pending orders are not filled because of high slippage.
i have changed the slippage to 10 pips as it was NEWS event
just checked the old version its working well

the new version is having problem , i even checked it now wn the market is slow , same again the pending are closing instantly as soon as we place the order
  • #40
  • Jun 5, 2015 8:01am Jun 5, 2015 8:01am
Quoting techlover
{quote} i have changed the slippage to 10 pips as it was NEWS event just checked the old version its working well the new version is having problem , i even checked it now wn the market is slow , same again the pending are closing instantly as soon as we place the order
You mean as soon as you click on a Fire button, both the maket order and pending order are opened by the EA, but right after that the pending order is closed?
Trading is the hardest way to make easy money...
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