New Martingale EA (logic like Mathtrader EA)

Keeping an eye on this, i've been also coding a martingale/edging bot based on pivots and support/resistance/fibo
im intrested of what you have called "SmartMode" that squeezes out few pips for profit, what does it actually do?

here you go

what settings to deposit $ 100

Need more than that. Unless you can get 0.001 lots

Thank you, you sure?

sorry for not a lot of news. i am pretty busy at the moment. i plan to fuse the different strategies and implement a smart way of hedging to reduce drawdown and maximize profit, but that will take a while.

Cheers

Great job! Thank you for your adviser! We are waiting for updates.

great news, thanks for now for the great job!

No worries,great work,im sure the addition will be worth the wait,Have a good weekend mate.

i am trying this EA in real mode this week , very nice so far.
whit > 60% gain.
1000$ deposit and 0.02 lots

@ghostbiker -please tell me what is your TP in money for EF? 30 EUR/0.1 lot?

Hey edge,

don't mind buddy. You have done great work so far! We'll wait patiently, test, give feedback and input (as far as possible). This is the least we can do.
If You want us to BT some special settings or pairs and TF, plz tell us (or PM).

Keep up Your great work here!

Cheers
Barlam

@Strom:

@Ghostbiker - thank you.

1. TP isn't too high for EF?
2. ADR for EF is very low, and your grid is high too.

Can you explain me it - please. Thank you in advance.

This risky EA, it can blow up your account if you enter/activated it on wrong point. Test in on M5, if you enter the right time, your account will survive, else will blow up

- not to high for EF the EF can explode 150 up to 200 Pips up
if you have 10 or 15 Pips Gridsize you account crashed

- trade not under M15, better H1

- where is the problem ? if I have with this EA 1% - 2% per day is enough with EA
your bank give you 0.5% per year

- I can good sleep while the night

- if is the Equity good growt I close all open orders and start new ( 2 x per month)

- 30% per day hehehe you know MarginCall hehehe

here you can see the EF / EU / UF (UF I have delete on friday is to risky and give higher DD)
it is not this EA but is a Martingale with the same settings MA cross and BB und but a little tricky too
friday all closed and I start new on Monday with TOKYO

It is a typical martingale and "wait and pray" system. In the test I tried on EURUSD 2015 - 2016 - and it takes a few successful trades in a ranging market, but then it enters position against the trend, it shoots 5 counter-trend positions and waits if the market returns back one day (or not). It goes often 500 pips against the trader, and he is stuck in this trade for weeks. However 2015-2016 was not a trending year for EURUSD, so I am afraid the heavy trend blows the account within a month.

That is true, and for me there is only one way to overcome that issue, (besides, using very small lots, and very large account, but for that, you better keep your money in the bank) and that is using hedge. Now, using hedge brings another problem that is when to exit the hedge trades. I'm using a similar system, but manual, with some success, taking into consideration fibs and S/R, hedging all the trades, booking the profit in the good ones, and let the orders in lost recover with a strategy similar to this EA (doing this in higher time frames like daily and weekly).

The author of this EA said earlier that is working in a way to add hedge to this EA, so let's wait and see what it brings new. Anyway thanks very much for the job done in this EA and for sharing freely.

It seems there is a problem with the EA:
parameter "Allow Sell" is set to "false" --> but in account history there are in minimum 2 sells.

i think once i posted here ( or another thread) for, as an idea/possible approach...

that if you reduce time in trade ( ie base trade on lower timeframe, smaller but sufficiently safe entry steps) and IF there is no extreme moves like black swan, or ignore first few minutes of high impact news for trading, one might find that positions not prolonged too long in time, and drawdown is better controlled, part because wont suffer swaps from carry trades into next day/s.

for someone who like to do a little research, here is a task: ( and sorry, i am not willing now)
given that pairs normally have some pullbacks within even a stronger trending day, for example near/at new session open, or session close...

say an example EurUsd
has a ADR, currently approx 80 or 100 pips ( 10 or 20 days)...and for the example say that it usually the days show at some point near the range high/low a 20% pullback even if temporarily during the day...
that in this example means a 15-20 pips pullback.
that on a trending day wont be sufficient to close trades opened at 30-50 pips steps, especially if the TP point is not at least initial entry, or 1 entry step+ away...

alternative proposal:
if initial entry is after at least 1/2 ADR of the pair passed for the day, ie say already after 50 pips move occured, at entry steps of 10-15 pips, there is a very high probablity that with after max 3-4 entry there will be a sufficient pullback ( hitting approx 20 days ADR) where one should see 1 steps+ size pullback and be able to close out the total position for some profit.

for safer approach, why not use 70-80% of the ADR to initiate the sequence?

and now the research task:
what was the highest daily range on EurUsd this year, when exclude immediate high impact news events?
where they showing enough zigzagging to be able to enter and close trades without running into say more than 6 level of running martingale entries ( DD control?)
6 entry levels would cover usually approx 1x ADR...thus if used together with the other "rule" of starting positions after the pair reached approx 80% ADR already, the 2 combined will withstand 2x the ADR of the pair, greatly raise the chance for the needed 15-20 pips pullback for an exit at some point, even if within a relative strong trending move.

now, i know this isnt the EA.
may or may not be able to adopt to an EA some of this "staff".
nor it is foolproof, as nothing really is when trading.
what it is a possible answer/path.
also a way to reduce the trade in time, boost probability to an entry that will be successful, and due the nature that entry is made after certain ADR %age reached, a higher probability to less entry step and less drawdown % resulting from this.

also hope the OP dont take this as far too off topic. if do, please let me know to remove the post.