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Candle Martingale + EA

  • #921
  • Sep 15, 2016 12:51am Sep 15, 2016 12:51am
ADR today - I change NOT my GridSize

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_ADR_09.15.JPG Size: 52 KB
  • #922
  • Sep 15, 2016 1:21am Sep 15, 2016 1:21am
Quoting ghostbiker
yes this is correct ! - example: GA had ADR 163 x 25% I would trade with GridSize 40 Pips (400) for tomorrow (but I trade NOT GA)
This is my ADR for last 3 days is 59.3 =160 GridSize itīs correct not ?
Atachament my indicator ADR.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 50 KB
Attached File(s)
File Type: ex4 Daily Range PeterE.ex4   3 KB | 389 downloads
  • #923
  • Sep 15, 2016 2:11am Sep 15, 2016 2:11am
Hi guys,

I'm trying to understand the ea for the past few days and it would be very much helpful if I can get your advise on few doubts that I have.i just noticed the ea opened the second level on opposite side.please check the images..which parameters in the ea enabled this action? Thanks in advance.
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  • #924
  • Sep 15, 2016 2:34am Sep 15, 2016 2:34am
Hello all,

after reading about this EA the last days and watch it in demo I slowly start to understand what this EA is doing. I made a few backtests with the standard settings and EUR/USD to get a feeling about the expected results. I noticed that there is a big DD and that higher martingale levels are reached regularly (this means you need a lot of money to get over those phases). In standard setting the target is 3 Euro. I think in relation to this 3 Euro the DD and the money needed is too high. This means the settings must be improved.

So I have two questions to all of you:
1) Which pair(s) can be traded well with this EA, and which should not be used?
2) Is there a setfile that reduces DD and martingale levels bringing a better relation to the winning of 3 Euro?

Thanks to all, have a nice day!
  • #925
  • Sep 15, 2016 2:44am Sep 15, 2016 2:44am
Hi..

i dont see the ea show any tp points in mt4 but close the positions when the most recent martingale level reach tp(money) that I set on the parameters window.lets say I set tp(money) as 5.0.what happens when I choose "close basket at max Marti" to no and let the positions float until they start to show profit?since there would be no tp points for the six positions,do I have to manually close each once they start to show profit or each position will close when they reach 5.0 target..
  • #926
  • Sep 15, 2016 4:34am Sep 15, 2016 4:34am
Quoting Opop
Hello all, after reading about this EA the last days and watch it in demo I slowly start to understand what this EA is doing. I made a few backtests with the standard settings and EUR/USD to get a feeling about the expected results. I noticed that there is a big DD and that higher martingale levels are reached regularly (this means you need a lot of money to get over those phases). In standard setting the target is 3 Euro. I think in relation to this 3 Euro the DD and the money needed is too high. This means the settings must be improved. So I have...
Hi!
"Contained DD Martingale" can be the solution for big DD due to high Martingale levels, otherwise you need a high balance to survive high martingale levels.
Have you tried the excel file I posted before? There you can test how many martingale levels you can reach with your balance.
Regards
  • #927
  • Sep 15, 2016 5:06am Sep 15, 2016 5:06am
Hi, MathTrader7. Thanks for sharing.

I have a questiong about the backtest result of version1.93. What does control points mean? What's the deffrence between control points and every ticks?

Thanks again! And happy Mid-Autumn day!
Enjoy loneliness
  • #928
  • Sep 15, 2016 5:18am Sep 15, 2016 5:18am
Quoting founaud
{quote} Hi, I have prepared an excel file that calculates how many orders our martingale EA supports before blowing up the account. It is very useful to determine the parameter Max Marti. The input parameters that you need to provide (Upper left corner in the Excel sheet) - Balance - Number of pairs you are trading - Grid size - Martingale multiplier The excel file will paint in green how many orders you can support with those inputs. Just change them and optimize your parameter! (Take into account that it is based in an initial 0.1 lot. And also...
Hi founaud,

The excel sheet you created is useful, thanks.

Best,
Math
Trading is the hardest way to make easy money...
  • #929
  • Edited 6:17am Sep 15, 2016 6:05am | Edited 6:17am
- today closed + 1.14% win all orders closed

- WIN + 14.6% since 08.23.2016 NO DD all closed

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  • #930
  • Sep 15, 2016 8:36am Sep 15, 2016 8:36am
Quoting founaud
{quote} Hi! "Contained DD Martingale" can be the solution for big DD due to high Martingale levels, otherwise you need a high balance to survive high martingale levels. Have you tried the excel file I posted before? There you can test how many martingale levels you can reach with your balance. Regards
Hi,

thanks for your answer.........now I have to find out what "Contained DD Martingale" means....my friend Go**le does not know.
  • #931
  • Sep 15, 2016 10:54am Sep 15, 2016 10:54am
Quoting Opop
{quote} Hi, thanks for your answer.........now I have to find out what "Contained DD Martingale" means....my friend Go**le does not know.
I believe (not 100%) the contained DD Martingale was a strategy based on hedging the trades to avoid increased losses if price goes in one direction for extended period of time.

This can't be done if you are on a USA broker however.
  • #932
  • Sep 15, 2016 12:35pm Sep 15, 2016 12:35pm
Quoting MathTrader7
{quote} Hi founaud, The excel sheet you created is useful, thanks. Best, Math
Hi MathTrader7,

Attached you can find "Study Martingale v2". I have fixed a bug in the code, and added an extra feature.
You should now also indicate what is your maximum Leverage.
The Excel sheet will paint in green next to the Contained DD Martingale what is the maximum level you can reach according to your Leverage and balance.
The amount of Lots that you can play is normally more restrictive than your equity for the "DD Conservative Martingale". In case of the regular Martingale, it's the equity that usually kills your account.

Example:
Initial balance: 500
Number of pairs (considered for the worst case):2
Grid size: 150 points (15 pips)
Martingala Mult: 1,25
Max Leverage: 400

Result:
- With the regular Martingale we can reach a maximum of 9 levels.
- With the "DD conservative Martingale" we reach: Vertical limit (amount of lots): 19 levels. Horizontal limit (maximim cost/order): 30. So, we reach 19.

That means that using the DD Conservative Martingale we reach 19 levels, with the regular Martingale 9 levels. Huge difference.


@MathTrader7,
I think it's worth to try it. Do you think you can implement the DD Conservative Martingale as an option it in the next version of the EA?

Thanks,
Regards
Attached File(s)
File Type: xlsx Study Martingales v2.xlsx   31 KB | 400 downloads
  • #933
  • Sep 15, 2016 1:16pm Sep 15, 2016 1:16pm
Quoting ghostbiker
- today closed + 1.14% win all orders closed - WIN + 14.6% since 08.23.2016 NO DD all closed {image}
Hi ghost
What are yours tp?
Thx
  • #934
  • Edited 1:46pm Sep 15, 2016 1:29pm | Edited 1:46pm
- TP in $ 22

- by 0.2 Lot

- now open 3 orders DD 0.15%

- 19 levels is grazy by a account of 500 $ and 2 pairs ?? and will blow every account

- if I will a "Conservative Martingale" then go to H1 or H4 reduce the lots 50%

- and the GridSize x 2

- and trade only with one pair, this is very very Conservative

- 19 levels hedging and then ?? You haven then 38 orders and then ? x 2 pairs = 76 open orders
close for 10 Pips ??

- hedging is not the key for Martingale

- the setting is the key not the EA + Martingale + Hedging
  • #935
  • Sep 15, 2016 1:36pm Sep 15, 2016 1:36pm
Quoting ghostbiker
- TP in $ 22 - by 0.2 Lot - now open 3 orders DD 0.15% - 19 levels is grazy by a account of 500 $ and 2 pairs ?? and will blow every account - if I will a "Conservative Martingale" then go to H1 or H4 reduce the lots and make the GridSize x 2 = very very Conservative - and trade only with one pair
Yes, it will blow up with the regular martingale. But never with the conservative martingale. The lots will hedge each other, so you can open many more levels. In previous post I explained how the DD Conservative Martingale works. It is a simple change...
  • #936
  • Sep 15, 2016 1:52pm Sep 15, 2016 1:52pm
Quoting fibo38
{quote} This is my ADR for last 3 days is 59.3 =160 GridSize its correct not ? Atachament my indicator ADR. {image} {file}

@fibo38 , thanks for this indicator......
@ghost..... is the ADR RIGHT how fibo38 ask you in post #924, can you please compare with your ADR indicator?

many thanks

PS: many thanks MATHTRADER7 and GHOST for your work here, great.....
  • #937
  • Sep 15, 2016 2:38pm Sep 15, 2016 2:38pm
- I have not the ADR for 3 days

- if you want the ADR for 3 days, make a daily chart Hi / Lo from the last 3 daily candles and you have it
  • #938
  • Sep 15, 2016 2:56pm Sep 15, 2016 2:56pm
Hello all,

I just made a quick backtest to see how the Martingale Multiplier effects the results. I tookdefault values (except lotsize) and let the multiplier run from 1.3 to 2.5 (step 0.1) (see attached settings). As you can see in the attached results, all results are identical except value 2.0

What went wrong? Did I make a mistake? Why are all results identical?

Thanks for help!
Attached Image (click to enlarge)
Click to Enlarge Name: settings.PNG Size: 58 KB
Attached Image (click to enlarge)
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  • #939
  • Sep 15, 2016 10:12pm Sep 15, 2016 10:12pm
Quoting ghostbiker
- I have not the ADR for 3 days - if you want the ADR for 3 days, make a daily chart Hi / Lo from the last 3 daily candles and you have it

hello ghost,

i`m confused about ADR , i will not ADR of 3 days but you have answerd this to the question of fibo ...look post #917 and post #918 ????
how did your ADR indicator calculate ???

thanks

begu
  • #940
  • Sep 15, 2016 11:02pm Sep 15, 2016 11:02pm
I'm confused.
ghostbiker Please can clarify for all. thansk
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxDaily.png Size: 55 KB
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