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Reverse Martingale Strategy 123 replies

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Reverse Martingale strategy

  • #41
  • Jun 5, 2015 6:04am Jun 5, 2015 6:04am
Quoting MathTrader7
{quote} 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?
no only pending order was deleted and market order was running
  • #42
  • Jun 5, 2015 6:07am Jun 5, 2015 6:07am
Quoting techlover
{quote} no only pending order was deleted and market order was running
I said the same thing ;-)
On my demo account it works properly. Try this version (v1.11) and let me know how it works on your platform:
Attached File(s)
File Type: ex4 MathTrader7_RevMartingaleEA.ex4   137 KB | 592 downloads
Trading is the hardest way to make easy money...
  • #43
  • Jun 5, 2015 6:18am Jun 5, 2015 6:18am
Quoting MathTrader7
{quote} I said the same thing ;-) On my demo account it works properly. Try this version (v1.11) and let me know how it works on your platform: {file}
same again on Ic markets Demo and pepper stone i have checked in 2 brokers Mt4

Any one here is facing same issue ?
  • #44
  • Jun 5, 2015 6:26am Jun 5, 2015 6:26am
Quoting techlover
{quote} same again on Ic markets Demo and pepper stone i have checked in 2 brokers Mt4 Any one here is facing same issue ?
It works fine with my IC Markets demo account:
Attached Image (click to enlarge)
Click to Enlarge Name: tp.png Size: 48 KB
Trading is the hardest way to make easy money...
  • #45
  • Jun 5, 2015 6:30am Jun 5, 2015 6:30am
Quoting MathTrader7
{quote} It works fine with my IC Markets demo account: {image}

Huh Extremely sorry math the error was iam using same Magic number for all pairs
  • #46
  • Edited 6:50am Jun 5, 2015 6:33am | Edited 6:50am
Quoting techlover
{quote} Huh Extremely sorry math the error was iam using same Magic number for all pairs
Glad to hear that you found out the problem
Trading is the hardest way to make easy money...
  • #47
  • Jun 5, 2015 9:45am Jun 5, 2015 9:45am
Hello, everyone!

This is my first post on FF, and I hope no one minds if it is a question. I cannot seem to understand the "magic number". What is it exactly? What is it used for? What must it be changed into? What is its purpose? I have no idea, I am stuck, and I thought asking can't do any harm, but can only provide advantages. Zero risk, and potentially high reward, so to speak.

Thank you to those who are willing to answer and enlighten me!

Good day to you all!
  • #48
  • Jun 5, 2015 9:59am Jun 5, 2015 9:59am
Quoting catalin_eros
Hello, everyone! This is my first post on FF, and I hope no one minds if it is a question. I cannot seem to understand the "magic number". What is it exactly? What is it used for? What must it be changed into? What is its purpose? I have no idea, I am stuck, and I thought asking can't do any harm, but can only provide advantages. Zero risk, and potentially high reward, so to speak. Thank you to those who are willing to answer and enlighten me! Good day to you all!
Visit this thread: http://www.forexfactory.com/showthread.php?t=169114
Trading is the hardest way to make easy money...
  • #49
  • Jun 5, 2015 10:18am Jun 5, 2015 10:18am
Great! Thanks, mate!
  • #50
  • Jun 5, 2015 10:33am Jun 5, 2015 10:33am
Someone mentioned 'you only describe the winning scenario'. Indeed this is a concern. The losing scenario, as you replied later, consists of one losing trade: this is wrong. The losing scenario consists of hundreds or even thousands of small losses. Effectively "death by a thousand cuts".

The advantage of a martingale strategy, is that your account balance grows on each win. This means that for a reverse martingale, your account balance actually shrinks. It also means that after every loss, your position size also shrinks and that a potential "win" wouldn't be that huge any more.

Anyway I think this is doomed. It will be a jackpot idea indeed: almost impossible to win, almost certain to lose.
  • #51
  • Jun 5, 2015 10:42am Jun 5, 2015 10:42am
Quoting ExForX
Someone mentioned 'you only describe the winning scenario'. Indeed this is a concern. The losing scenario, as you replied later, consists of one losing trade: this is wrong. The losing scenario consists of hundreds or even thousands of small losses. Effectively "death by a thousand cuts". The advantage of a martingale strategy, is that your account balance grows on each win. This means that for a reverse martingale, your account balance actually shrinks. It also means that after every loss, your position size also shrinks and that a potential "win"...
Iam not telling to trade continuously

as as a trader we will trade with some or the other strategy or with the help of indicators

so when u are placing that trade place with this Ea

my only idea was to get max benefit from our trade

we will ànyways. Place the SL for every trade so we also place SL for this initial trade
  • #52
  • Jun 6, 2015 5:44am Jun 6, 2015 5:44am
Did anybody test the EA last friday? NFP , I think we may be on to something and can use this EA to trade the news by entering both sell and buy positions before the news but the problem is spreads before the news , can any broker guarantee low spreads during the news? some I believe use the news as an excuse to widen their spreads the more, anyway I will continue my test with all high impact news on demo and see how it goes.
Buying the currency being demanded Selling that being supplied
  • #53
  • Jun 11, 2015 12:40pm Jun 11, 2015 12:40pm
Here is Version 1.20 of the EA that implements move to breakeven functionality.
Attached File(s)
File Type: ex4 MathTrader7_RevMartingaleEA.ex4   139 KB | 575 downloads
Trading is the hardest way to make easy money...
  • #54
  • Edited Jun 12, 2015 1:24am Jun 11, 2015 11:44pm | Edited Jun 12, 2015 1:24am
Math what do u say for example if you place a hedge trade to recover initial loss

example:

placed buy order 1.00 with take profit 10pip if it hit tp it is fine we will open new order
second case:
if it reverse and again after 5 pips of reverse we will place a pending order of 2.00 lot sell assume market got reverse and trigger this pending order
so we have now 2.00 with 10 pip tp and the tp of the first order also shld move to the tp of second order so if market went 10 pips in he direction of second trade it is fine both trade will be closed

Third case:
image market moves reverse after second trade triggered we will again place a double third trade pending 4.00 buy at 5 pips distance with Tp of 10 pips
and other 2 trades tp should move tp of third trade

Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 42 KB




and it goes on

as we are placing hedge at 5 pips only i dont think at any point market will hit third condition until unless market in slow movement after new york hours

What do u say Math
  • #55
  • Jun 12, 2015 11:45am Jun 12, 2015 11:45am
Here is Version 1.21 of the EA that fixes a bug in the previous version.
Attached File(s)
File Type: ex4 MathTrader7_RevMartingaleEA.ex4   140 KB | 594 downloads
Trading is the hardest way to make easy money...
  • #56
  • Jun 12, 2015 11:49am Jun 12, 2015 11:49am
Quoting techlover
Math what do u say for example if you place a hedge trade to recover initial loss example: placed buy order 1.00 with take profit 10pip if it hit tp it is fine we will open new order second case: if it reverse and again after 5 pips of reverse we will place a pending order of 2.00 lot sell assume market got reverse and trigger this pending order so we have now 2.00 with 10 pip tp and the tp of the first order also shld move to the tp of second order so if market went 10 pips in he direction of second trade it is fine both trade will be closed Third...
What you explained is just the classic Martingale strategy that you can find free (and open source) EAs on the net.

Note: I have examined 5 pips Martingale in the past, and it is very likely to get 5 orders hit in a raw...
Trading is the hardest way to make easy money...
  • #57
  • Jun 13, 2015 5:54am Jun 13, 2015 5:54am
Quoting MathTrader7
{quote} What you explained is just the classic Martingale strategy that you can find free (and open source) EAs on the net. Note: I have examined 5 pips Martingale in the past, and it is very likely to get 5 orders hit in a raw...
Hi MathTrader, I know you like to help with code, can you please help me code an indicator I plead, looking at the chart I need something that can measure the pips distance from the lowest or highest point/reading of the 200 ema (blue line) visible on the 15 mins chart shown to the current point of the 200 ema.

If the indicator can just read the distance in pips and show the number on the chart and also automatically when above 100 pips show NO TRADE but less than 100 pips will say TRADE, is this possible to be done Sir.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.JPG Size: 65 KB
Buying the currency being demanded Selling that being supplied
  • #58
  • Jun 15, 2015 11:31am Jun 15, 2015 11:31am
Quoting MathTrader7
{quote} What you explained is just the classic Martingale strategy that you can find free (and open source) EAs on the net. Note: I have examined 5 pips Martingale in the past, and it is very likely to get 5 orders hit in a raw...
can you show me where i can find an ea like this? i dont find it anywhere
  • #59
  • Jun 15, 2015 11:47am Jun 15, 2015 11:47am
Quoting shadowbroker
{quote} can you show me where i can find an ea like this? i dont find it anywhere
http://www.forexfactory.com/attachme...2&d=1306431191
http://www.forexfactory.com/showthread.php?t=235750
https://www.mql5.com/en/code/10655
https://www.mql5.com/en/code/12223
https://www.mql5.com/en/code/10886
https://www.mql5.com/en/code/10657
http://www.forex-tsd.com/martingale-...ingale-ea.html
http://www.forex-tsd.com/martingale-...ingale-ea.html
....
Trading is the hardest way to make easy money...
  • #60
  • Jun 15, 2015 10:13pm Jun 15, 2015 10:13pm
When it hits, the jackpot will be substantial, similar to pyramiding. Market Gaps are the enemy here, as we previously witnessed in CHF pairs this year. Caught in a maxed margin - built up long position would have likely ended in owing the broker money. Build up into a position - that if gapped against won't result in a permanent loss.
Patience like a Cheetah - awaiting the exact right moment.
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