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Attachments: New Martingale EA (logic like Mathtrader EA)
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New Martingale EA (logic like Mathtrader EA)

  • #81
  • Nov 18, 2016 9:00pm Nov 18, 2016 9:00pm
Quoting edge0xc
Hey, i need some advice regarding MA Cross. Would it be best to only react on very new Crosses? SO only create a EntrySignal if a cross happened in the previous candle?
Hi Edge0xc,

In my opinion it's yes, because I tried to use MA cross to catch trend with small SL. It seem to be work. However, when I get TP-ed, the EA will automatically reenter again and again until another cross appeared, which lead to a loss. So I think it's better the MA cross is only allow one cross for one trade. What you think? Appreciate

Regards
  • #82
  • Edited 9:26am Nov 19, 2016 2:09am | Edited 9:26am
[Quote = edge0xc; 9248493] Hello Guys, som bol trochu sklamaný, keď Mathtraders EA ( http://www.forexfactory.com/showthread.php?t=598198 ) prestal pracovať, takže som sa snažil naprogramovať logiku, ktorá EA sám. Zatiaľ som celkom spokojný a možno s vašou podporou môžeme vylepšiť / implementovať nové veci. Budem písať nejaké ďalšie podrobnosti neskôr, tak len to vyskúšať (prosím na demo účte). Na zdravie Alex Malé popis: Vstupy: TakeProfit: takeprofit v. Zatvára Poradie pri dosiahnutí zisku. Stoploss: Zatvorí všetky objednávky, kedy prepad je väčšia ako táto hodnota. Pozemky: ... [/ quote]
Potešiť ako nastaviť EA podľa priloženého nastavenia.

MartBotACSv1.1 nedá nastaviť ako MT7_CandleMartiEA.
Attached File(s)
File Type: ex4 MT7_CandleMartiEA.ex4   165 KB | 1,799 downloads
File Type: tpl M1CM.tpl   44 KB | 1,185 downloads
File Type: zip M1CM_set.zip   < 1 KB | 1,384 downloads
Please excuse the bad English via Google Translate.
  • #83
  • Nov 19, 2016 3:57am Nov 19, 2016 3:57am
I have backtest it, so far this good EA, but very high DD.
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  • #84
  • Nov 19, 2016 4:01am Nov 19, 2016 4:01am
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So many in the Commercial section want to make me rich! :o
  • #85
  • Nov 19, 2016 5:10am Nov 19, 2016 5:10am
@edge Thank you for sharing this, I've been using martingale for a while for some reason it fascinates me I was actually starting to learn MQL4 so I could make an EA that exponentially increases the grid size to better cope in large market moves but it seems you're way ahead of me

Will start back testing 99% and upload some results! Does anyone use this on live yet out of interest?

Just one other thing that may be an interesting addition is possibly a news filter, preventing opening of trades during important news for example 2 hours each side although I am not sure how hard that is to write in.
  • #86
  • Nov 19, 2016 6:13am Nov 19, 2016 6:13am
@FX-FLUX: false pair, false GridSize and false TF
  • #87
  • Nov 19, 2016 6:24am Nov 19, 2016 6:24am
Quoting ghostbiker
@FX-FLUX: false pair, false GridSize and false TF
I don't understand what you mean. I didn't realise there was a TF specified
So many in the Commercial section want to make me rich! :o
  • #88
  • Nov 19, 2016 6:35am Nov 19, 2016 6:35am
a timeframe is a timeframe: M1 M5 M15 H1 and so on

what is the difference between the timeframes you trade with a Grid Martingale EA ?

what is the difference between currency pairs you trade pairs with a Grid Martingale EA ?

what is the difference between the Grid size for different pairs ?

if you will make a backtest you must inform you for this PAIR for Gridsize, Timeframe, Martingale
  • #89
  • Edited 8:47am Nov 19, 2016 8:23am | Edited 8:47am
Quoting ghostbiker
If you will make a backtest you must inform you for this PAIR for Gridsize, Timeframe, Martingale
Surely time frame should make no tangible difference since it works on distance in pips? Most likely will run 15m or 1H though as I already have that data available. In time thinking about this entry point of the trades will be severely affected due to the indicators reading differently
  • #90
  • Nov 19, 2016 8:55am Nov 19, 2016 8:55am
Quoting Ipodbob
{quote} Surely time frame should make no tangible difference since it works on distance in pips? Most likely will run 15m or 1H though as I already have that data available.
Time frame makes a big difference, but only on a new sequence start. Which ever entry signal you use to start a sequence will be generated quicker on the smaller time frames. For example, a MA cross happens many more times on a 5 min than it does on a 4 hour. This can be easily seen if you do a back test with same settings but using different time frames.
  • #91
  • Nov 19, 2016 9:08am Nov 19, 2016 9:08am
Quoting thorn
{quote} Time frame makes a big difference, but only on a new sequence start. Which ever entry signal you use to start a sequence will be generated quicker on the smaller time frames. For example, a MA cross happens many more times on a 5 min than it does on a 4 hour. This can be easily seen if you do a back test with same settings but using different time frames.
Yes thank you Thorn I realized that just after posting annoyingly haha, do you know if the EA is programmed to not open another trade if that currency already has one open? As in it will manage that trade with martingale until closed at TP or SL then proceed to a new one after that.
  • #92
  • Nov 19, 2016 9:40am Nov 19, 2016 9:40am
Quoting Ipodbob
{quote} As in it will manage that trade with martingale until closed at TP or SL then proceed to a new one after that.
Yes that is exactly what it will do. Lets say you are using MA cross entry and the EA takes a trade. It will then manage that sequence based on your settings. If another MA cross occurs while those trades are still open the EA will ignore it. That is why the time frame makes a difference. If your trades close, a MA cross will probably happen rather quick on a 5 min chart and a new sequence will start. On a longer frame like 4 hour it might take days or weeks for a new cross to happen. So over the long term there will be many more sequences/trades taken on the smaller time frames. Keep in mind the the risk is always there of blowing up the account. So the more sequences that start, the more you increase the odds of that happening. On the flip side you will also increase the profits. Now personally I would never trade this live because of the risk of losing my account in one sitting. I find them interesting and fun and try to blow them up. This one and and Math's is surprisingly quite difficult to blow up if "safer" settings are used.
  • #93
  • Nov 19, 2016 10:04am Nov 19, 2016 10:04am
Quoting thorn
{quote} Yes that is exactly what it will do.
Brilliant well I already use a martingale based EA which made 225% so far and that was with relatively risky settings, I think with suitable settings this one could be much safer than the one I currently use although mine has a news filter. I think running multiple uncorrelated pairs with super safe settings is a much better way of running a martingale system, defo looking foward to testing this later now haha!

I'm surprised that there is not an alternative exit trade method such as on cross of ma or one of the other indicators letting profits run, or a trend trailing stop rather than profit in Ł maybe I will try to develop the things I am describing over time for my own EA. Although that will be a long way off for sure. Surely with proper back testing and forward testing including the correct use of a specific SL this would be relatively safe?
  • #94
  • Nov 19, 2016 10:10am Nov 19, 2016 10:10am
Quoting ghostbiker
a timeframe is a timeframe: M1 M5 M15 H1 and so on what is the difference between the timeframes you trade with a Grid Martingale EA ? what is the difference between currency pairs you trade pairs with a Grid Martingale EA ? what is the difference between the Grid size for different pairs ? if you will make a backtest you must inform you for this PAIR for Gridsize, Timeframe, Martingale
You can't say it is false if it gives good results. Im not too fond of these strategies anyway, as if you start it at the wrong point in time you can blow your account
So many in the Commercial section want to make me rich! :o
  • #95
  • Nov 19, 2016 10:30am Nov 19, 2016 10:30am
hehehe

"Surely time frame should make no tangible difference since it works on distance in pips? Most likely will run 15m or 1H though as I already have that data available. In time thinking about this entry point of the trades will be severely affected due to the indicators reading differently "

oh oh you say Martingale / Grid trading on M1 - H1 is the same ding ?? hehehe

oh my God
  • #96
  • Nov 19, 2016 11:16am Nov 19, 2016 11:16am
Quoting ghostbiker
hehehe "Surely time frame should make no tangible difference since it works on distance in pips? Most likely will run 15m or 1H though as I already have that data available. In time thinking about this entry point of the trades will be severely affected due to the indicators reading differently " oh oh you say Martingale / Grid trading on M1 - H1 is the same ding ?? hehehe oh my God
If you read it carefully and read the comments afterwards you'll find that I already realized I was incorrect and that we discussed why too. Thanks for the input tho..
  • #97
  • Nov 19, 2016 11:18am Nov 19, 2016 11:18am
Quoting thorn
{quote} Yes that is exactly what it will do. Lets say you are using MA cross entry and the EA takes a trade. It will then manage that sequence based on your settings. If another MA cross occurs while those trades are still open the EA will ignore it. That is why the time frame makes a difference. If your trades close, a MA cross will probably happen rather quick on a 5 min chart and a new sequence will start. On a longer frame like 4 hour it might take days or weeks for a new cross to happen. So over the long term there will be many more sequences/trades...
here is a few easy ideas.
you can reduce that risk by
- either increasing equity/decreasing position size to a safe(r) level
- avoid news, also low liquidity/quiet periods
- find an edge for initial entry point, to lower randomness factor
- use wider steps for entry
- set maximum number of trades in a cycle
- try to minimize time in trade by set TP/exit parameters nearer to BE point if X position opened already ( use variable TP dependant on # of entries in current cycle)
- use hard SL of XX% equity DD
- periodically withdraw at least part of the profit for the side, away from martingale account

best, a combination of above, or part of it at least.

anyway, how many lost their account on SNB depeg, or Brexit, trading their risk:reward 1:3 system with only 2% of their equity in a trade at 50x leverage?
yes, the safe way! or the illusion of it
there is always, always another trade!!
  • #98
  • Nov 19, 2016 12:39pm Nov 19, 2016 12:39pm
Good expert advisor, compared to the initial standard only have to change, the initial lot to 0.01 and multiplier factor to 1.25. It achieves good results in M5 and M15 graphics. Account with initial balance 1000 dollars
  • #99
  • Nov 19, 2016 2:01pm Nov 19, 2016 2:01pm
Quoting agustinus123
I have backtest it, so far this good EA, but very high DD.
it is a martingale ea. dd is always the big issue with martingale...
Maadik Hugiis. IQ 69.
  • #100
  • Nov 19, 2016 3:50pm Nov 19, 2016 3:50pm
DD can be mitigated against though quite well with this EA I am finding though especially with the grid multi although i am having issues with running the optimiser it will only run 2 different settings and then stop for some reason.
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