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Candle Martingale + EA

  • #521
  • Aug 28, 2016 11:30am Aug 28, 2016 11:30am
Quoting ghostbiker
- thanko you OK
how we can correct this D.D
  • #522
  • Aug 28, 2016 11:37am Aug 28, 2016 11:37am
Quoting givik
{quote} how we can correct this D.D
1. Use currency pairs with low ADR values (for example, EURUSD).
2. Increase grid size (200 points seems to be good).
3. Adjust your TP target with the initial lot size.
4. Try to find the best time of trade using the two time filters of the EA ( trading after NY closes until a few hours before London opens).
5. Do not use the EA like "Fire & Forget"! Manage the open positions.

I'm thinking of a high impact news filter implementation in the next versions. Such filter may reduce D.D of the EA.
Trading is the hardest way to make easy money...
  • #523
  • Aug 28, 2016 11:50am Aug 28, 2016 11:50am
- test time 2012 - 2016

- GridSize 250 with EU 150 with EF

- TF H1 is OK

- inpTP in money 10

- Multi 1.481

- Start with 2000 and with EU AND EF

- Lot 0.01
  • #524
  • Aug 28, 2016 12:05pm Aug 28, 2016 12:05pm
Hey Ghostbiker, don't forget who's thread this is; save all your "orders" for your own thread.
  • #525
  • Aug 28, 2016 12:11pm Aug 28, 2016 12:11pm
- I don't understand what you want

- I trade since few years with Martingale EA for wins every month

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Real_25.08.JPG Size: 51 KB


- this is the thread of MathTrader7 and NOT yours

- you must not read what I have written
  • #526
  • Aug 28, 2016 12:21pm Aug 28, 2016 12:21pm
Quoting okehiedon
{quote} MathTrader7, please could you state which candle pattern you describe as Zero, Type 1 and Type 11. Thanks
The patterns are not standard/known Japanese Candle Stick Patterns. I may remove them in the next versions, they are just there for my own test purposes.
Trading is the hardest way to make easy money...
  • #527
  • Aug 28, 2016 12:44pm Aug 28, 2016 12:44pm
[Quote = ghostbiker; 9105779] - prueba de tiempo 2012 - 2016 - gridSize 250 con la UE 150 con EF - TF H1 está bien - inpTP en dinero 10 - Multi 1.481 - Comience con 2000 y con la UE y EF - Lote 0,01 [/ quote]

Friend do not understand what you've written here
  • #528
  • Aug 28, 2016 1:20pm Aug 28, 2016 1:20pm
Quoting MathTrader7
{quote} 1. Use currency pairs with low ADR values (for example, EURUSD). 2. Increase grid size (200 points seems to be good). 3. Adjust your TP target with the initial lot size. 4. Try to find the best time of trade using the two time filters of the EA ( trading after NY closes until a few hours before London opens). 5. Do not use the EA like "Fire & Forget"! Manage the open positions. I'm thinking of a high impact news filter implementation in the next versions. Such filter may reduce D.D of the EA.
That would be just perfect with high impact news filter )
  • #529
  • Aug 28, 2016 1:25pm Aug 28, 2016 1:25pm
Quoting pandagang
{quote} That would be just perfect with high impact news filter )
And that would be awesome if we can backtest the EA with news filter
Trading is the hardest way to make easy money...
  • #530
  • Aug 28, 2016 1:26pm Aug 28, 2016 1:26pm
I realised that as longer is the TF, better are the results...

What is the maximum relative drawdown recommended to have a stable strategy using this EA? Im testing it on ticks year by year using D1 (testing it from many years -like from 2000 to 201- it doesnt have sense, because once the equity its growing the chances of blowing the account are decreasing) and I didnt blow an account yet, but some years Im getting a DD of 66%, but it happened when equity has grown.
  • #531
  • Aug 28, 2016 2:59pm Aug 28, 2016 2:59pm
[quote = MathTrader7; 9105844] {quote} Y eso sería increíble si podemos backtest la EA con filtro de noticias [/ quote]
That would be impossible right?
  • #532
  • Aug 28, 2016 3:58pm Aug 28, 2016 3:58pm
Quoting givik
[quote = MathTrader7; 9105844] {quote} Y eso sera increble si podemos backtest la EA con filtro de noticias [/ quote] That would be impossible right?
Yeah, you would only be able to forward test it...
  • #533
  • Aug 28, 2016 8:42pm Aug 28, 2016 8:42pm
Quoting MathTrader7
{quote} 1. Use currency pairs with low ADR values (for example, EURUSD). 2. Increase grid size (200 points seems to be good). 3. Adjust your TP target with the initial lot size. 4. Try to find the best time of trade using the two time filters of the EA ( trading after NY closes until a few hours before London opens). 5. Do not use the EA like "Fire & Forget"! Manage the open positions. I'm thinking of a high impact news filter implementation in the next versions. Such filter may reduce D.D of the EA.
hi math7, the news filter would be exciting ! , do you mean trading in Asian session only with timefilter? and avoid US market time?
  • #534
  • Aug 28, 2016 11:16pm Aug 28, 2016 11:16pm
Quoting MathTrader7
This trading system is based on a set of different trade logic for the first trade. If the market goes against our favorite direction, every N pips we open another position according to Martingale strategy. If the net profit reaches to what we set in the input settings of the EA, all the open positions will be closed. The entry logic can be selected by the user from four different types: Follow Previous Candle. A position will be opened in the direction of the previous candle. Trade Bollinger Bands. A position will be opened when the candle is closed...
Reverse candle is not always reverse in this ea..sometime open ..i was tested on tf h4 ..thanks matth7..but good for follow candle..the ea always open and following candle..
  • #535
  • Aug 29, 2016 12:03am Aug 29, 2016 12:03am
Great work, MathTrader7.

Have you considered changing directions instead of martingaling against the trend (Close and Reverse)?

For example, if the TP and SL were 40 pips - if price moves against you, open a new trade in the opposite direction. In my backtesting this strategy yields a lower amount of consecutive losses in nearly any situation.
  • #536
  • Aug 29, 2016 2:13am Aug 29, 2016 2:13am
Quoting MathTrader7
{quote} And that would be awesome if we can backtest the EA with news filter
i will do backtest with great pleasure!!!
  • #537
  • Aug 29, 2016 2:57am Aug 29, 2016 2:57am
Quoting MathTrader7
Version 1.70 of the EA released (I updated Post 1). In this version Pattern Type Zero and Pattern Type II trading logic added, and a few minor bugs fixed. {image}
The default setting of intial lot size is 0.3. For a 5000USD account and martingale method, is it too much.
Enjoy loneliness
  • #538
  • Aug 29, 2016 8:08am Aug 29, 2016 8:08am
Quoting heil
{quote} The default setting of intial lot size is 0.3. For a 5000USD account and martingale method, is it too much.
The amount of risk is user dependent.
Trading is the hardest way to make easy money...
  • #539
  • Aug 29, 2016 8:56am Aug 29, 2016 8:56am
Quoting MathTrader7
Version 1.55 of the EA released (I updated Post 1). In this version the user can set the EA to close all the open positions based on an exponential decay of profit target with respect to the number of positions. There is now two first-trade time intervals to set. And finally the Martingale multiplier can be set up to 3.0. {image}
MT7, could you please clarify once again "exponential basket close"
Thank you, andres
  • #540
  • Edited 10:12am Aug 29, 2016 9:31am | Edited 10:12am
Quoting andres11617
{quote} MT7, could you please clarify once again "exponential basket close" Thank you, andres
Thanks for asking this question, I forgot to explain it in the first post.

If the user set the input parameter "Exponential Basket Close?" to "Yes", then the EA closes all the open position at a lower target profit as an exponential function of the number of open positions. For example, if there are 7 open positions, and the take profit is set to 20.0 USD, then the EA will close all the seven positions if their net profit reach at a lower profit than 20.0 (let's say 3.0 USD). This option is there to test the idea of getting out of a sequence of losers with some smaller profit as soon as possible (that is, before blowing up the account).
Trading is the hardest way to make easy money...
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