EA Required- For 100% Profitable Strategy at any Stage... | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VennD - Any Pairs - Any Style - Any Time 741 replies

EA required for very nice, simple and profitable strategy 3 replies

Is there any one who could recommend me any LongTerm strategy 24 replies

New broker required - any suggestions? 24 replies

£50-£100 deposit mt4 micro broker required 4 replies

Attachments: EA Required- For 100% Profitable Strategy at any Stage...
Exit Attachments

EA Required- For 100% Profitable Strategy at any Stage...

  • #21
  • Apr 15, 2016 4:17pm Apr 15, 2016 4:17pm
Quoting L1ndgren
I think he means if you put a buy order and price moves against you downward, you put another buy order and keep doing that in hopes it comes back up.
Dear L1ndgren,

This is the exactly same like martingale as you explain.

But in this strategy if I put buy order and price will move against me downwards then I will not put another buy order actually. In that case I will close the buy order and will enter into sell order accordingly.

I hope it is understandable......
  • #22
  • Apr 15, 2016 4:17pm Apr 15, 2016 4:17pm
Quoting L1ndgren
I think he means if you put a buy order and price moves against you downward, you put another buy order and keep doing that in hopes it comes back up.
A martingale system is a martingale system whether you keep betting on red, or alternate between red and black every other bet, so either way this is martingale, and will eventually blowup, when the price does swing back and forth several times before hitting the take profit. Also, with a 5 pip stop loss, the spread accounts for 1 pip or more, making it really likely to fail a lot. Price needs to move 6 pips to win, and only 4 to lose (with 1 pip spread), so it is likely more individual trades will fail than not, leading to the likelihood of a complete failure of the system.
  • #23
  • Apr 15, 2016 4:30pm Apr 15, 2016 4:30pm
Quoting sitetalker
{quote} Dear L1ndgren, This is the exactly same like martingale as you explain. But in this strategy if I put buy order and price will move against me downwards then I will not put another buy order actually. In that case I will close the buy order and will enter into sell order accordingly. I hope it is understandable......
The best way to show people a strategy is to document live trades, so I suggest doing live trades next week to illustrate your technique.
  • #24
  • Apr 15, 2016 8:16pm Apr 15, 2016 8:16pm
Yep, Just a martingale....

You can put make up on a pig, but its still a pig. Id advise you to perhaps develop and successful strategy first and then look to automate. Rather then just coming up with a magical "100% wining strategy".... Do you really think your the first person to think like this? Might look and sound great on paper. But hey, you really believe in it then go ahead and manually trade and show the idea first.

I see you've been on FF for a while but still looking for some magic automated money making machine? Perhaps its time to give up and focus your energy on something more productive?
  • #25
  • Apr 16, 2016 3:42am Apr 16, 2016 3:42am
Quoting sitetalker
... I am personally inviting abokwaik to code this profitable strategy for FF users. All of you are requested to share your point of views about this strategy. Regards
I am here

Actually I developed something similar a while a go in the Robots Lab, called Trap Breaker.
I am copying few extracts from there to check and compare with the proposed system, so that we can decide on required enhancements where applicable.

Trap_Breaker_01

A Martingale Hedging Robot.

See Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Trap_Breaker_01.png Size: 75 KB


----------------------------------
Trap_Breaker_01

Input Parameters:

 

  1. Magic_Number.........= 40040;...// Magic Number
  2. Inner_Trap_Pips......= 100;.....// Inner Trap in Pips
  3. Outer_Trap_Pips......= 900;.....// Outer Trap in Pips
  4. Max_Orders...........= 10;......// Max. number of Orders
  5. Profit_Bal_Perc......= 0.1;.....// Close after Balance Prof %
  6. Lot_Bal_Perc.........= 0.1;.....// First Order Size as Bal %
  7. BE_After.............= 5;.......// Break Even after Order Num
  8. Max_DD_Perc..........= 50;......// Max Balance Dradown Percentage
  9. FO_From_Hour.........= 10;......// First Order Hour From (0-23)
  10. FO_To_Hour...........= 20;......// First Order Hour To (1-24)
  11. MA_Period............= 200;.....// Moving Average Period (Filter for 1st order)
  12. MA_Method............= 0;.......// Moving Average Method (0:SMA, 1:EMA)



The System :

  1. Opens a First Order based on MA at current market price

    1. Buy above, Sell Below.
    2. Lot Size = Percentage of Balance input




  2. Opens a Pending Stop Order (opposite to order type in step 1) at the other side of the Inner Trap.

    1. Lot size calculated to get the profit target when Price breaks out the Outer Trap




  3. Once a Pending Stop Order is triggered, Repeat step 2.
  4. Close when:

    1. Profit reaches the Profit percentage input (at the Outer Trap Edge), or
    2. at BE when Orders Count reached BE_After parameter
    3. at Loss when Balance Draw down percentage reached input value




So Martingale here is not simply doubling the lot size. No, it will calculate lot size based on Profit Percentage and Outer and Inner Trap Distance.
Still, as with all Martingale systems, it is RISKY.

Risk can be controlled by :

  1. Trap Sizes, the Bigger the safer
  2. Outer to Inner trap distance, the Bigger the safer
  3. Profit Target, the Smaller the safer
  4. Lot Size Percentage, the Smaller the safer


In order to minimize Transactions Cost, the Robot is using CLOSE_BY option for closing hedged positions.

-----------------------------------------------
Trap_Breaker_01 Robot

Attached. Check Post#320 for details.
for Testing only.

Kindly test on different pairs with different parameters.

Test results on EUR/USD 2014, with selected inputs.

Attached Image (click to enlarge)
Click to Enlarge Name: TB_01.PNG Size: 121 KB


Attached File(s)
File Type: mq4 Trap_Breaker_01.mq4   10 KB | 916 downloads


Trap_Breaker should produce good results at increased volatility times (Red News) .

Ideas to improve:

 

  1. Once profit target reached, the robot is currently closing_BY the hedged positions, which result a 0 P/L, then it closes the remaining position for the profit. So why not leave the remaining position running for (possibly) more profit ,and start a new hedging trap
  2. Why not do a Double Hedging Trap, with different parameters, (with different magic numbers so that we treat each set separately). So if one hedge is stuck in a range, the other one may break out ...



Just few ideas ... I'd like to hear from you

No guts, no glory
  • #26
  • Apr 16, 2016 3:52am Apr 16, 2016 3:52am
Trap Breaker dies in ranges and prosper in trends.

So I tried to delay the entry after a range is in place in order to reduce numbers of orders (levels) before break out.
I developed an indicator which shows these ranges (Range Detective) , and started a new thread for Trap Breaker.

Attached File(s)
File Type: mq4 Range_Detective_2.mq4   7 KB | 760 downloads


I also developed a couple of EAs under the new thread, but as usual I got lazy to continue.
No guts, no glory
  • #27
  • Apr 16, 2016 5:26am Apr 16, 2016 5:26am
Quoting abokwaik
{quote} I am here Actually I developed something similar a while a go in the Robots Lab, called Trap Breaker. I am copying few extracts from there to check and compare with the proposed system, so that we can decide on required enhancements where applicable. Trap_Breaker_01 A Martingale Hedging Robot. See Chart {image} ---------------------------------- Trap_Breaker_01 Input Parameters: Magic_Number.........= 40040;...// Magic Number Inner_Trap_Pips......= 100;.....//...
Dear abokwaik,

Thank you very much for participating in this thread, I did not check your robot till now. But as you said it is heading martingale robot it means it will not close the positions by taking SL and it will continue trading in heading and finally it will close all trades once the overall profit target met.

But my concern is to close each trade once it reached the SL level does not matter how many trades take SL. every time only one trade should be active in the account. I can not say any thing more before testing your robot.

I will test your robot from Monday then I will inform you weather it is working same like I want or it is some thing different.

Regards
  • #28
  • Apr 17, 2016 8:15am Apr 17, 2016 8:15am
This sounds like martingale. Nothing new here. Eventually your account will blow out.
  • #29
  • Edited 10:17am Apr 18, 2016 8:10am | Edited 10:17am
My take on it (EA), as per the rules in the opening post.
Only suited for demo trading mode, as no checks performed, and it will keep multiply volume .
Only broker with sub-pip resolution, only FX.
Try on M1 for evaluation as it will wait new candle initially and also after tp taken.. If you want to see action quickly, set tp an sl pippets to low amount i.e. 10 or 20.
Also, at and during the time of evaluation there must be no other orders in the system.
Attached File(s)
File Type: mq4 TP_Is_The_Only_Escape.mq4   2 KB | 654 downloads
Return To Disorder
  • #30
  • Apr 18, 2016 9:22am Apr 18, 2016 9:22am
Quoting rockit
My take on it (EA), as per the rules in the opening post. Only suited for demo trading mode, as no checks performed, and it will keep multiply volume . Only broker with sub-pip resolution, only FX. Try on M1 for evaluation. Also, at and during the time of evaluation there must be no other orders in the system. {file}
Hello rockit,

Many thanks for your ea. I´ve got 2 error messages:
SellStop - Funktion not defined
BuyStop - Funktion not defined

Regards
  • #31
  • Apr 18, 2016 9:54am Apr 18, 2016 9:54am
Quoting fegeme
{quote} Hello rockit, Many thanks for your ea. Ive got 2 error messages:
Yes, sorry, I have edited the source and forgot to change all instances. I have updated the source file now, so, try again.
Return To Disorder
  • #32
  • Apr 18, 2016 2:38pm Apr 18, 2016 2:38pm
Quoting rockit
My take on it (EA), as per the rules in the opening post. Only suited for demo trading mode, as no checks performed, and it will keep multiply volume . Only broker with sub-pip resolution, only FX. Try on M1 for evaluation as it will wait new candle initially and also after tp taken.. If you want to see action quickly, set tp an sl pippets to low amount i.e. 10 or 20. Also, at and during the time of evaluation there must be no other orders in the system. {file}
Dear Rockit,

Thank you very much for participating in this thread and sharing your EA.
I just download your EA and start testing, I think it will work same like I asked in the first post.
I will let you know after testing this one if there will be any changing required.


Regards
  • #33
  • Last Post: Oct 21, 2023 5:09am Oct 21, 2023 5:09am
Quoting abokwaik
{quote} I am here Actually I developed something similar a while a go in the Robots Lab, called Trap Breaker. I am copying few extracts from there to check and compare with the proposed system, so that we can decide on required enhancements where applicable. Trap_Breaker_01 A Martingale Hedging Robot. See Chart {image} ---------------------------------- Trap_Breaker_01 Input Parameters: Magic_Number.........= 40040;...// Magic Number Inner_Trap_Pips......= 100;.....//...
hi, i know its an old post but any chance you can share the updated version source code in mq5?
0 traders viewing now