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Candle Martingale + EA

  • #61
  • Jul 28, 2016 1:47am Jul 28, 2016 1:47am
Quoting yczzd
Hi mathtrader7...thanks. yczzd
This EA can be used for micro account? Yes
Is the currency of the symbol with a suffix? Yes
Trading is the hardest way to make easy money...
  • #62
  • Jul 28, 2016 1:50am Jul 28, 2016 1:50am
Quoting StepDV
Hi! MathTrader! Thank you for an interesting system! Please explain the meaning of the parameters Net TP (money) 20 Net SL (money) 0? What is 20? The % of depo, or $? Thx...
They are in your account currency. For example, if you have opened a trading account in Euro, Net TP = 20 means a net take profit of 20 Euro, etc.
Trading is the hardest way to make easy money...
  • #63
  • Jul 28, 2016 1:53am Jul 28, 2016 1:53am
Quoting xdongx
{quote} Hi mathtrader7 Thanks you for your ra, works fine so far. Just wondering how to use 'max marti(0-unlimited)' properly in ea setting. Can you give some advice? Thanks
Give a range of 0 to 8 with 1 step to this parameter in the optimization and see the difference.
Trading is the hardest way to make easy money...
  • #64
  • Jul 28, 2016 1:58am Jul 28, 2016 1:58am
Quoting ivanantonio
{quote} Thx I try on a demo. But open 0 trades . Can You plz check my settings? Thx
Do you use the default settings?
Trading is the hardest way to make easy money...
  • #65
  • Jul 28, 2016 2:01am Jul 28, 2016 2:01am
Since I have no resources on my VPS, could I ask some trader to run this EA on a demo account and create a trade explorer?

Best,
Math
Trading is the hardest way to make easy money...
  • #66
  • Jul 28, 2016 2:11am Jul 28, 2016 2:11am
Thx, for all!
For those who prefer to trade manually.
My script for the system of dimdel's "Green/Red" strategy, but with MathTrader7 rules.
It's open, so you can add martin or others mods.
Throw on the chart above or below the price.
Attached File(s)
File Type: mq4 StopOrdersCandle_with_grid.mq4   2 KB | 934 downloads
  • #67
  • Jul 28, 2016 4:10am Jul 28, 2016 4:10am
MathTrader7:
The EA is looking good. Please consider adding one input that controls Candle Range.

For example:
If(CandleRange>60) StopTrading=true;
The EA would sttop trading and allow the current trades to close at 0 profit, or the user can close them
The EA would reactivate either manually (user restarting EA) or when the start time comes up.

I have found this to be useful for when price starts to become volatile. So far I have seen this work on the lower TFs.
It has not failed to stop the EA from trading when the pair is ranging crazy and thereby avoid the potential loss.

No hurry, whenever you can get around to it is fine.
Take care and thank you for your coding effort
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #68
  • Jul 28, 2016 4:20am Jul 28, 2016 4:20am
Quoting xmess7
MathTrader7: The EA is looking good. Please consider adding one input that controls Candle Range. For example: If(CandleRange>60) StopTrading=true; The EA would sttop trading and allow the current trades to close at 0 profit, or the user can close them The EA would reactivate either manually (user restarting EA) or when the start time comes up. I have found this to be useful for when price starts to become volatile. So far I have seen this work on the lower TFs. It has not failed to stop the EA from trading when the pair is ranging crazy and thereby...
This may be a good filter. I'll implement and test it in the next versions.
Trading is the hardest way to make easy money...
  • #69
  • Jul 28, 2016 5:24am Jul 28, 2016 5:24am
candle range is pointless, adds no extra benefit.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #70
  • Jul 28, 2016 6:01am Jul 28, 2016 6:01am
Quoting FXCyborg
candle range is pointless, adds no extra benefit.
FXCyborg, what is based on? Can you explain in depth why it shouldn't?
  • #71
  • Jul 28, 2016 9:34am Jul 28, 2016 9:34am
Quoting FXCyborg
candle range is pointless, adds no extra benefit.

FXCyborg:
The candle range refers to size of the current candle. I have found that when you are trading as long as the candles sizes or price movements are relatively stable that is little volatility, that you can trade thru it successfully. However, then there comes that moment that all hell breaks loose and price goes all over the place like crazy and forms huge candles. So what is the best thing to do? STOP TRADING and wait for the mess to calm down. You do this by monitoring the current size of the candle and if it is larger than what you expect, you stop the EA from trading immediately and start to close trades for 0$ or small loss. In my case I have seen on EURUSD on the 15min that 60 pips is a considerable size.

It's a simple observation...

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #72
  • Jul 28, 2016 4:02pm Jul 28, 2016 4:02pm
Here is the trade explorer.

I run it on a different settings:

http://www.forexfactory.com/dasani#acct.60

Settings:

GridSize=460
TPinMoney=20
SLinMoney=60
StartHour=0
StartMinute=15
EndHour=23
EndMinute=15
OperatationMode=1
MaxMarti=0
LotSize=0.01
Slippage=20
  • #73
  • Jul 28, 2016 4:54pm Jul 28, 2016 4:54pm
The Net TP in Money, should that be closing out the value in profit? I have it set to 20.0 but when the trade doesn't close at TP when it gets to $20....
  • #74
  • Jul 28, 2016 6:51pm Jul 28, 2016 6:51pm
Quoting xmess7
{quote} FXCyborg: The candle range refers to size of the current candle. I have found that when you are trading as long as the candles sizes or price movements are relatively stable that is little volatility, that you can trade thru it successfully. However, then there comes that moment that all hell breaks loose and price goes all over the place like crazy and forms huge candles. So what is the best thing to do? STOP TRADING and wait for the mess to calm down. You do this by monitoring the current size of the candle and if it is larger than what...
i know you are, and it defeats the purpose, it dont matter what the candle size is.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #75
  • Jul 29, 2016 1:08am Jul 29, 2016 1:08am
Quoting Dasani
Here is the trade explorer. I run it on a different settings: http://www.forexfactory.com/dasani#acct.60 Settings: GridSize=460 TPinMoney=20 SLinMoney=60 StartHour=0 StartMinute=15 EndHour=23 EndMinute=15 OperatationMode=1 MaxMarti=0 LotSize=0.01 Slippage=20
Thanks! I added your Trade Explorer to this thread.
Trading is the hardest way to make easy money...
  • #76
  • Jul 29, 2016 1:18am Jul 29, 2016 1:18am
Hi Dasani ! I see your trading isn't limited to EURUSD - so, which pairs do you use ?
  • #77
  • Edited 1:42am Jul 29, 2016 1:21am | Edited 1:42am
Quoting Magregus
The Net TP in Money, should that be closing out the value in profit? I have it set to 20.0 but when the trade doesn't close at TP when it gets to $20....
Version 1.16 of the EA released. In this version an input is added in order to let the user select the check of take profit mode at only open prices/every tick.​ I updated Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: mt7_candlemartiea_bt_116.png Size: 46 KB
Trading is the hardest way to make easy money...
  • #78
  • Jul 29, 2016 1:22am Jul 29, 2016 1:22am
dear Math7

again you done it. amazing EA ! i did some basic BT and find that a grid of 200 is pretty safe (relatively) for normal trading ,even for USDCAD which can be a bitch sometimes when it trends , UJ, GU, UC, EU , so far all went thru quite well with it.

thank for your hardwork. appreciate it
  • #79
  • Jul 29, 2016 3:13am Jul 29, 2016 3:13am
Quoting mercilez
dear Math7 again you done it. amazing EA ! i did some basic BT and find that a grid of 200 is pretty safe (relatively) for normal trading ,even for USDCAD which can be a bitch sometimes when it trends , UJ, GU, UC, EU , so far all went thru quite well with it. thank for your hardwork. appreciate it
You're welcome! :-)
And thanks for your feedback!
Trading is the hardest way to make easy money...
  • #80
  • Jul 29, 2016 5:40am Jul 29, 2016 5:40am
Quoting DerBerliner
Hi Dasani ! I see your trading isn't limited to EURUSD - so, which pairs do you use ?
Only on USDCAD at the moment. First 3 trades were opened for testing purposes
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