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Candle Martingale + EA

  • #841
  • Edited 2:59am Sep 12, 2016 2:35am | Edited 2:59am
Good morning.

I ask myself, which pairs are the best for this strategy? Above all, WHY do you think a pair is good or not?

@GB, you told, that you use EF and UF. Which are the reasons for you? For me and my small-account-test, all CHF pairs have the disadvantage of a higher margin demand....

Sunny regards from the south of Bavaria
Siero
  • #842
  • Sep 12, 2016 3:46am Sep 12, 2016 3:46am
Hi everybody!
I'vo got a question - if my account is in PLN, should I change something in "TPinMoney"?

regards!
  • #843
  • Sep 12, 2016 4:02am Sep 12, 2016 4:02am
Hi Math,

You have removed "move to break even " option but i think it can be very handy sometimes. if it is not too much work would it be possible to reactivate it please?

I am live trading for 1 week on live account. you can see it on my profile.

Thanks for the all

Cheers
Pandagang
  • #844
  • Sep 12, 2016 4:40am Sep 12, 2016 4:40am
Quoting pandagang
Hi Math, You have removed "move to break even " option but i think it can be very handy sometimes. if it is not too much work would it be possible to reactivate it please? I am live trading for 1 week on live account. you can see it on my profile. Thanks for the all Cheers Pandagang
Hi pandagang,

I will add this feature in the future versions.

P.S. I took a look at your profile but there is no trade explorer.

Best,
Math
Trading is the hardest way to make easy money...
  • #845
  • Sep 12, 2016 5:04am Sep 12, 2016 5:04am
Quoting MathTrader7
{quote} Hi pandagang, I will add this feature in the future versions. P.S. I took a look at your profile but there is no trade explorer. Best, Math
Thank you Math,

Can you add me as buddy . only buddy visible.

Thanks Math
Cheers
  • #846
  • Sep 12, 2016 5:17am Sep 12, 2016 5:17am
- now since 08.23. + 10.8 % win

- DD 2 open orders + 0.12 % (in win)

@siero:

- pairs with up and down

- pairs go not a long time in one direction (don't trade GBP pairs)

- pairs with ADR 80 - 120 (monthtly weekly daily : 3)

Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader_ADR.JPG Size: 54 KB
  • #847
  • Sep 12, 2016 5:48am Sep 12, 2016 5:48am
Quoting ghostbiker
- I trade with 2 x 3 Charts EU EF UF on TimeFrame H1 - I trade with 2 x 3 Charts with different settings = EU EF UF with MA Cross / EU EF UF with Bollinger Bands - SL 0 TP with 0.1 Lot = EU 15 $ EF 12 $ UF 15 $ with 0.2 Lot EU 22 $ EF 18 $ UF 22 $ - Gridsize: EU 15 Pips (150) EF 12 Pips (120) UF 15 Pips (150) - it is complicated with the settings - 6 different settings -
Hi GhostBiker,
Witch version are you using? Open position on tick our open candle?

Thx for your time, keep the good jog
  • #848
  • Sep 12, 2016 6:00am Sep 12, 2016 6:00am
- NO tick is dangerous, I trade only by close/open candle (I use Version 1.64)

example by tick: you have 15 Pips GridSize, the price move 150 Pips (after news) in 15 Minutes
you have now open 10 Orders it is dangerous

example by H1 and open new candle: you have only 1 or 2 new open orders
  • #849
  • Sep 12, 2016 6:01am Sep 12, 2016 6:01am
Quoting ghostbiker
- NO tick is dangerous, I trade only by close/open candle example by tick: you have 15 Pips GridSize, the price move 150 Pips (after news) in 15 Minutes you have now open 10 Orders it is dangerous example by H1 and open new candle: you have only 1 or 2 new open orders
Thx Ghostbiker
  • #850
  • Sep 12, 2016 6:17am Sep 12, 2016 6:17am
Quoting pandagang
{quote} Thank you Math, Can you add me as buddy . only buddy visible. Thanks Math Cheers
Now we are buddy! :-)
Trading is the hardest way to make easy money...
  • #851
  • Sep 12, 2016 6:35am Sep 12, 2016 6:35am
Quoting MathTrader7
{quote} Now we are buddy! :-)
:-)
  • #852
  • Sep 12, 2016 7:17am Sep 12, 2016 7:17am
hello everyone .. been away on honeymoon in Europe for a couple of weeks so haven't been trading, eager to get back to using the strategy again.

I see the EA version is now 1.92 .. just curious as to what major changes have been added.

I don't see option to trade reverse candle anymore. Was this removed because of a defect or other reason. I think that is a good option to trade certain pairs that are in a trend and looking to enter after a retrace.

Thanks
  • #853
  • Sep 12, 2016 7:51am Sep 12, 2016 7:51am
here my orders from today, all orders closed, not one open

- now since 08.23 + 11.15 % nice win

Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader09.121.png Size: 45 KB
  • #854
  • Sep 12, 2016 7:58am Sep 12, 2016 7:58am
Quoting ghostbiker
here my orders from today, all orders closed, not one open - now since 08.23 + 11.15 % nice win {image}
Nice trading ghostbiker .

Are you closing orders manually or using a setting in the EA .. if so what are you using ?
  • #855
  • Sep 12, 2016 8:14am Sep 12, 2016 8:14am
- no close manually, this evening (germany) I change the TP from 22 to 19 for 2 orders
no open orders for this night. Tomorrow come more move
  • #856
  • Sep 12, 2016 12:30pm Sep 12, 2016 12:30pm
Hi traders,

I have been testing this method for the last three weeks in demo accounts. And I have experienced that the Martingala can blow up your account if the trend goes agains you enough time/pips (nothing new that we didn't know before).

I realized that a long trend with too small retracement can kill your account, because the martingala will open the same kind of order following the grid. In the picture below you will see the martingala opening 8 orders. Luckily the price went short before opening the 9th order, because the input Max Martingala was 8 for me. So, just few more pips and the account would have been seriously damanaged.

In order to avoid long trends killing my account, I thought of a possible solution: I would like to decide the kind of order that the martingala opens for every grid level. For example:
- 1) The EA opens a SELL order.
- 2) The price goes up and reaches the first grid: The martingala opens an order with double lots following the trend: BUY, instead of a second SELL.
- 3) If the price continues up, the EA takes the benefit and closes both. If the price goes down: The martingala opens a SELL order with triple lots.

By this way, even if we have many orders opened we would protect our DD by having a lot of floating positive and negative orders, not just negative order accumulating loses as in the tradicional martingala.

Another option is to tell the martingala to open the orders randomly for every grid level, or maybe open the orders following the previous candle colour...

What do you think of this modification? Is it possible to implement? Do you think it would reduce the DD as intended?

Thanks for your attention.

/Regards
Attached Image (click to enlarge)
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  • #857
  • Sep 12, 2016 2:53pm Sep 12, 2016 2:53pm
@founoud: what Timeframe what pairs ?? your pic say me nothing !
  • #858
  • Sep 12, 2016 4:11pm Sep 12, 2016 4:11pm
Quoting founaud
Hi traders, I have been testing this method for the last three weeks in demo accounts. And I have experienced that the Martingala can blow up your account if the trend goes agains you enough time/pips (nothing new that we didn't know before). I realized that a long trend with too small retracement can kill your account, because the martingala will open the same kind of order following the grid. In the picture below you will see the martingala opening 8 orders. Luckily the price went short before opening the 9th order, because the input Max Martingala...
It will work ok as long as price does not bounce up and down in a range for extended time. Eventually you will need price to break out far enough to take a profit. If you are going to double the lot size on each order, your margin will be eaten up if the price sits in a range too long. Its also very easy to hit your max martingale of 8 doing it this way. Granted since you will be partially hedged your loss wont be as bad. So just like you cant handle steep trend with this EA, doing it your way you cant handle an extended ranging period. There is always a trade off, no magic bullets in forex.
  • #859
  • Sep 12, 2016 9:51pm Sep 12, 2016 9:51pm
Quoting founaud
Hi traders, I have been testing this method for the last three weeks in demo accounts. And I have experienced that the Martingala can blow up your account if the trend goes agains you enough time/pips (nothing new that we didn't know before). I realized that a long trend with too small retracement can kill your account, because the martingala will open the same kind of order following the grid. In the picture below you will see the martingala opening 8 orders. Luckily the price went short before opening the 9th order, because the input Max Martingala...

i think you set the tp in money too high, looking at the pic, the 7th order should close the cycle in profit.
and dont use the ea in cross-pairs, use only in major pairs.
making money is easy in forex, losing money is even easier...
  • #860
  • Sep 13, 2016 1:15am Sep 13, 2016 1:15am
Version 1.93 of the EA released (I updated Post 1).
- An input parameter is added to let the user set a delay between Martingale orders.
- Bug fixes.
Trading is the hardest way to make easy money...
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