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Candle Martingale + EA

  • #81
  • Edited 3:57pm Jul 29, 2016 9:22am | Edited 3:57pm
Okay I see the problem, it's when a buy/sell is triggered and then a strong trend happens in the opposite direction you get a huge drawdown..Perhaps an option would be to switch the next martingale position in the direction of the previous candle? That way if we get a sell positioned open and then the candles after become bullish the next position would be a buy position, or alternatively the option to close the current position and open a new trade in the new direction.

Another option could be a filter such as a look at the weekly and only take trades in that direction or a moving average possibly....
  • #82
  • Jul 29, 2016 11:58am Jul 29, 2016 11:58am
@Dasani: It's a pity - your account in the TE above is running bad ! What happend ? So is where any reason choosing only the USDCAD pair alone ? Why didn't you choose the EURUSD ?
  • #83
  • Jul 29, 2016 5:32pm Jul 29, 2016 5:32pm
Quoting Magregus
Okay I see the problem, it's when a buy/sell is triggered and then a strong trend happens in the opposite direction you get a huge drawdown..Perhaps an option would be to switch the next martingale position in the direction of the previous candle? That way if we get a sell positioned open and then the candles after become bullish the next position would be a buy position, or alternatively the option to close the current position and open a new trade in the new direction. Another option could be a filter such as a look at the weekly and only take...
I support that filter very much thanks for the suggestion, i hope a new version is out very soon with it.

It makes sense because yesterday is was profiting so well on USDJPY then a spike came and it help on to the trade so it pretty much blew the account haha, was getting 1 and 2 dollar profits then bang a 42 loss!
  • #84
  • Jul 29, 2016 5:39pm Jul 29, 2016 5:39pm
Quoting tillionaire
{quote} I support that filter very much thanks for the suggestion, i hope a new version is out very soon with it. It makes sense because yesterday is was profiting so well on USDJPY then a spike came and it help on to the trade so it pretty much blew the account haha, was getting 1 and 2 dollar profits then bang a 42 loss!
And i don't see a sl option on this ea unless its hidden because at least if we will have rare drawdowns like that we can minimize them!
  • #85
  • Jul 29, 2016 6:10pm Jul 29, 2016 6:10pm
I think another option is to have a stop loss on the previous candle high/low.
  • #87
  • Jul 31, 2016 2:34pm Jul 31, 2016 2:34pm
Candle triggered grid system


Thought about a hedge option?

If price goes against you after the first grid direction is active, then activate opposite direction grid to trap price and benefit during DDs.
Solutions ONLY!!!
  • #88
  • Aug 1, 2016 4:24am Aug 1, 2016 4:24am
Version 1.17 of the EA released. In this version I fixed a few bugs and updated Post 1.
Trading is the hardest way to make easy money...
  • #89
  • Aug 5, 2016 3:39pm Aug 5, 2016 3:39pm
Quoting DerBerliner
@Dasani: It's a pity - your account in the TE above is running bad ! What happend ? So is where any reason choosing only the USDCAD pair alone ? Why didn't you choose the EURUSD ?
It is a Martindale... my tp is 20 and sl is 70 as I mentioned previously. I want to run it for about 3 months and then add another pair. I chose this pair because in the first topic testings were done on that pair.
  • #90
  • Aug 5, 2016 4:49pm Aug 5, 2016 4:49pm
Quoting Dasani
{quote} It is a Martindale... my tp is 20 and sl is 70 as I mentioned previously. I want to run it for about 3 months and then add another pair. I chose this pair because in the first topic testings were done on that pair.
I think it would be better to run the EA on EURUSD,H1.
Trading is the hardest way to make easy money...
  • #91
  • Aug 5, 2016 4:54pm Aug 5, 2016 4:54pm
Quoting MathTrader7
{quote} I think it would be better to run the EA on EURUSD,H1.
Ok, as I come from vacation I will run an optimization and put it on eurusd then also.
  • #92
  • Aug 5, 2016 4:54pm Aug 5, 2016 4:54pm
Quoting Dasani
{quote} Ok, as I come from vacation I will run an optimization and put it on eurusd then also.
Great!
Trading is the hardest way to make easy money...
  • #93
  • Aug 5, 2016 5:27pm Aug 5, 2016 5:27pm
seem like good result, do you mind sharing your .set file
  • #94
  • Aug 5, 2016 5:34pm Aug 5, 2016 5:34pm
I started the test of this EA too. I use more conservative setttings. The TF is H4. The v 1.08 is running actually EURUSD only. The v 1.17 works with EURUSD + USDJPY. All in all it's a real slow trader for me, using my TF + setfile.


https://www.myfxbook.com/members/AGT...-h4-gp/1733798


https://www.myfxbook.com/members/AGT...-h4-gp/1712104
(The v 1.17 started at 03.08.2016 only, before the start of Mathtraders EA another EA was tested at the platform, will switch the start date after first closed trades taken with the MT7 EA)

@MathTrader7 - could you possibly make a BT of the 2 setfiles I use ? If you have time for this ....
Attached File(s)
File Type: zip setfiles.zip   < 1 KB | 698 downloads
  • #95
  • Aug 6, 2016 3:12am Aug 6, 2016 3:12am
Quoting DerBerliner
I started the test of this EA too. I use more conservative setttings. The TF is H4. The v 1.08 is running actually EURUSD only. The v 1.17 works with EURUSD + USDJPY. All in all it's a real slow trader for me, using my TF + setfile. https://www.myfxbook.com/members/AGT...-h4-gp/1733798 https://www.myfxbook.com/members/AGT...-h4-gp/1712104 (The v 1.17 started at 03.08.2016 only, before the start of Mathtraders EA another EA was tested at the platform, will switch the...
I am back test. Because I dont see the version .v 1.08 ?
  • #96
  • Edited 4:48am Aug 6, 2016 3:27am | Edited 4:48am
Right mate ! The older versions are abandoned here in the thread .... will attach this EA v 1.08 asap here in this post !
Attached File(s)
File Type: ex4 MT7_CandleMartiEA.ex4   56 KB | 976 downloads
  • #97
  • Aug 6, 2016 5:47am Aug 6, 2016 5:47am
Quoting DerBerliner
Right mate ! The older versions are abandoned here in the thread .... will attach this EA v 1.08 asap here in this post ! {file}
OK thanks. I will back test
  • #98
  • Edited 1:25pm Aug 6, 2016 6:40am | Edited 1:25pm
Version 1.25 of the EA released. In this version the entry logic has been improved and the user can set Martingale multiplier (between 1.0 to 2.0). I updated Post1.
Attached Image (click to enlarge)
Click to Enlarge Name: mt7_candlemartingale_bt_125.png Size: 67 KB
Trading is the hardest way to make easy money...
  • #99
  • Aug 6, 2016 11:36am Aug 6, 2016 11:36am
Can we add an option to trail the profit after reaching some target profit

Trail start profit;5(As dollars)
Trail amount;1(As dollars)
  • #100
  • Aug 6, 2016 12:24pm Aug 6, 2016 12:24pm
Quoting falanca
Can we add an option to trail the profit after reaching some target profit Trail start profit;5(As dollars) Trail amount;1(As dollars)
Good idea!
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