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Candle Martingale + EA

  • #461
  • Aug 19, 2016 7:57am Aug 19, 2016 7:57am
Quoting infernal199
{quote} OK I got it... but in that case how should we test "profitability" of a certain EA or strategy?
The only reliable way to do so is a forward test.
Trading is the hardest way to make easy money...
  • #462
  • Aug 19, 2016 8:02am Aug 19, 2016 8:02am
Quoting surfeur
Why you lose your time with martingale system ?
I don't lose my time (neither my money), I have my own profitable trading systems.
I do this in my free time as a research on Martingale idea. There are people who actually make money using a Martingale strategy by withdrawing their profits regularly and repeating this cycle. This is mathematically of my interest.
Trading is the hardest way to make easy money...
  • #463
  • Aug 19, 2016 8:51am Aug 19, 2016 8:51am
Hi MT .. couple of questions .. I looked through but couldn't find answer .

1. what is anti martingdale mean in the settings ?

2. if I have a trade opened on a 1 hour time frame and i'm looking at chart and change time frame to say 30 min .. how does this impact what the EA is doing. will it just continue to work the trade that was opened normally ? can it potentially open another trade based on 30 min time frame ?

thanks
  • #464
  • Aug 19, 2016 9:10am Aug 19, 2016 9:10am
Quoting blade813
Hi MT .. couple of questions .. I looked through but couldn't find answer . 1. what is anti martingdale mean in the settings ? 2. if I have a trade opened on a 1 hour time frame and i'm looking at chart and change time frame to say 30 min .. how does this impact what the EA is doing. will it just continue to work the trade that was opened normally ? can it potentially open another trade based on 30 min time frame ? thanks
Hi blade813,

1. Anti-martingale (or reverse Martingale) is a strategy to add to winners (unlike add to losers strategy of Martingale). When you enable this input setting, then after the first position is opened, if price goes in the profit zone, the EA will open additional positions with the same lot sequencing (and grid size) and at the same time of opening a new additional position, it adjusts the stop losses such that if price reverses and hits the stop losses, the overall profit of the positions will be positive.

2. If you change the time frame, then depending on what trade logic has been set in the input settings, the EA applies that logic on the new time frame while it keeps track of the previously opened positions on H1 chart.

Best,
Math
Trading is the hardest way to make easy money...
  • #465
  • Aug 19, 2016 9:12am Aug 19, 2016 9:12am
Quoting infernal199
{quote} Hey bro, could you please explain what do you mean by "operation" here?
i'm agree
i'here in order to make money
I'm crazy?
  • #466
  • Aug 19, 2016 9:13am Aug 19, 2016 9:13am
Quoting surfeur
Why you lose your time with martingale system ?
  • #467
  • Aug 19, 2016 9:15am Aug 19, 2016 9:15am
Quoting MathTrader7
{quote} The only reliable way to do so is a forward test.
remember that statistically what is appened in the past can appens with good probability in the future.
Otherwise why that didnt work in the past should work in the future?
  • #468
  • Aug 19, 2016 9:19am Aug 19, 2016 9:19am
Quoting MathTrader7
{quote} I don't lose my time (neither my money), I have my own profitable trading systems. I do this in my free time as a research on Martingale idea. There are people who actually make money using a Martingale strategy by withdrawing their profits regularly and repeating this cycle. This is mathematically of my interest.
ah i undestood
you flip the coin
if is righ you win and take the money if you flip wrong side you loose and regive your money
is not important the martingale but importand to have an winner idea where you put your martingale(for me antimartingale)
  • #469
  • Aug 19, 2016 9:26am Aug 19, 2016 9:26am
Quoting MathTrader7
{quote} Hi blade813, 1. Anti-martingale (or reverse Martingale) is a strategy to add to winners (unlike add to losers strategy of Martingale). When you enable this input setting, then after the first position is opened, if price goes in the profit zone, the EA will open additional positions with the same lot sequencing (and grid size) and at the same time of opening a new additional position, it adjusts the stop losses such that if price reverses and hits the stop losses, the overall profit of the positions will be positive. 2. If you change the...
Hi MT7,
I set antimartingale param to yes, the system sold once, then the price raise and it sold again at the grid distance... It seems it doesn't work properly the antimartingale param... or am I wrong?
Please find attached my settings for your system. Have to rename to .txt, don't know why...
Thank you for the time you spend with us!
Attached File(s)
File Type: txt MT7 v162.set.txt   < 1 KB | 319 downloads
  • #470
  • Aug 19, 2016 9:39am Aug 19, 2016 9:39am
Quoting Biopak
{quote} Hi MT7, I set antimartingale param to yes, the system sold once, then the price raise and it sold again at the grid distance... It seems it doesn't work properly the antimartingale param... or am I wrong? Please find attached my settings for your system. Have to rename to .txt, don't know why... Thank you for the time you spend with us! {file}
i'm agrre the MATH amrtingale is wrong WHY???????
BECAUSE OR EXITS THE MATINGALE OR EXIST THE ANTIMARTINGALE
CANNOT COEXIST 2 ROOSTERS IN A HEN HOUSE
  • #471
  • Aug 19, 2016 10:11am Aug 19, 2016 10:11am
Quoting armyda
{quote} remember that statistically what is appened in the past can appens with good probability in the future. Otherwise why that didnt work in the past should work in the future?
exactly
It is the dust where you came from & it is the dust where you shall return
  • #472
  • Aug 19, 2016 12:17pm Aug 19, 2016 12:17pm
Version 1.64 of the EA released with minor bug fixes. I updated Post 1.
Trading is the hardest way to make easy money...
  • #473
  • Aug 19, 2016 12:48pm Aug 19, 2016 12:48pm
just an observation after reading through this thread -- not intended for anyone in particular

it seems many want to jump on the "martingdale will blow your account" bandwagon here. while I do agree that a true strategy like that could indeed blow your account, so will many other kinds of bad trading strategies. if you don't use good money management, and don't have some sort of viable strategy, you probably will eventually lose all of your money, no matter how you trade.

so rather looking at this as a true "martingdale" strategy, think of it as a multiple entry strategy which many successful traders use. I traded with Boris Schlossberg's group for awhile and the foundation of the strategy was taking multiple entries if price moved against you. There are many variations used by many traders. Some using only 2 or 3 levels, some using 6 or 7. Its all about money management. You use the available settings to determine how many levels you want to go, how much of your capital you want to risk, ect.

MathTrader has created an EA that allows you to customize the strategy to your own liking. He's not selling it. He's not asking you to subscribe for a fee. He's taking his own time and experimenting with many scenarios to see what works best. Rather than question the back testing results, put the EA on a demo account and test it. Pretend its your real money and trade it how you would if it was real. Experiment with different settings, different pairs, different time frames, ect. If there is a bug, point it out. If your settings/pairs aren't successful, point it out. if you think a new feature will improve the EA, make a suggestion. We can all learn from each other. If you think this strategy is a waste of time or too risky for your liking, move along to a new thread.

I started testing this myself a little over a week ago. the demo account i'm using is up over 15%, trading mostly low volatility pairs that tend to range during the day. these are the perfect pairs for this strategy. they typically move up and down in a fairly tight range. can they take off in one direction at any time? of course. money management.

don't be greedy. if your first position is down 20 pips, and you open a 2nd position that moves 20 pips, your first position is breakeven and 2nd is +20 . take the money and run, start again. may not seem like a lot, but doing it over and over will add up. be smart when you trade. obviously you don't want to be in front of major news, central bank statements, ect. let the market calm down, then take advantage of the range.

special thanks to MathTrader for the time put into the EA and answering questions. also thanks to those who have made great suggestions that have found their way into the EA. keep positive and help each other. good luck to all

blade
  • #474
  • Aug 19, 2016 1:38pm Aug 19, 2016 1:38pm
Quoting blade813
just an observation after reading through this thread -- not intended for anyone in particular it seems many want to jump on the "martingdale will blow your account" bandwagon here. while I do agree that a true strategy like that could indeed blow your account, so will many other kinds of bad trading strategies. if you don't use good money management, and don't have some sort of viable strategy, you probably will eventually lose all of your money, no matter how you trade. so rather looking at this as a true "martingdale" strategy, think of it as...
Hi blade813,

Thanks for your support! I agree with each and every word of you.

Best,
Math
Trading is the hardest way to make easy money...
  • #475
  • Aug 19, 2016 2:25pm Aug 19, 2016 2:25pm
Hi MathTrader7: I can't find the zip file with the settings for the newest version ?
  • #476
  • Aug 19, 2016 2:40pm Aug 19, 2016 2:40pm
Hi Blade, I agree with you.

I think that trading with this kind of strategies implies 2 questions:

- the level of drawdown a trader can sustain (for instance let's say 20% drawdown?)
- the time you need to recover this drawdown with the profit you have for every cycle.

Let's say I've been hit with a 20% drawdown on a cycle. If the strategy usually gives me a 0.5% daily gain (remember, don't be greedy).

I will need around 2 months to recover the drawdown and return to the equity peak.

I can reduce the available max drawdown, but I will obviously obtain an higher amount of stops hitted.

To me, it's all to find the right balance with max drawdown and daily profit.
  • #477
  • Aug 19, 2016 2:54pm Aug 19, 2016 2:54pm
Quoting blade813
just an observation after reading through this thread -- not intended for anyone in particular it seems many want to jump on the "martingdale will blow your account" bandwagon here. while I do agree that a true strategy like that could indeed blow your account, so will many other kinds of bad trading strategies. if you don't use good money management, and don't have some sort of viable strategy, you probably will eventually lose all of your money, no matter how you trade. so rather looking at this as a true "martingdale" strategy, think of it as...
Thank you. Exactly my thoughts and you worded it perfectly. The EA is only a tool. No one throws an EA on a chart and comes back in a year to to collect their 100% gain. It just doesnt work that way. Those that think it does, will need to find another EA. Your search may be long. People see martingale and discount it as garbage right off. That is true of a Marti that doubles at every trade. But with very safe settings this is more like a grid trading/recovery EA and if configured right, with the right pairs the martingale aspect of the EA may never kick in or only rarely kick in. Like Blade says, money management, use your brain and dont blindly follow any EA.
  • #478
  • Aug 19, 2016 3:16pm Aug 19, 2016 3:16pm
Quoting Alberto_Jazz
Hi Blade, I agree with you. I think that trading with this kind of strategies implies 2 questions: - the level of drawdown a trader can sustain (for instance let's say 20% drawdown?) - the time you need to recover this drawdown with the profit you have for every cycle. Let's say I've been hit with a 20% drawdown on a cycle. If the strategy usually gives me a 0.5% daily gain (remember, don't be greedy). I will need around 2 months to recover the drawdown and return to the equity peak. I can reduce the available max drawdown, but I will obviously...
That is not how the EA works. Its not meant to recover stopped out losses. If you are using stop losses then you will never recover. It is designed to ride out down periods using the grid and your martingale multiplier settings. When the price turns your equity recovers. If price does not turn enough to recover than its see ya at margin call... Can it be configured and controlled to be close to safe and maybe tradeable? Yes I think it can. Only forward testing will tell for sure. Even then it could still blow your account at some point, no promises in life.
  • #479
  • Aug 20, 2016 1:37am Aug 20, 2016 1:37am
Hi math..good ea ..very interested...can i use ea on real?any expired date?regard math
  • #480
  • Aug 20, 2016 1:38am Aug 20, 2016 1:38am
Quoting thorn
{quote} That is not how the EA works. Its not meant to recover stopped out losses. If you are using stop losses then you will never recover.
Yes, I had this point.

You can decide to trade without stop only for a small amount of your balance (with a dedicated account), otherwise it's a no sense to trade for a living in this way.
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