My first FX martingale attempt

Hi All,

Please find my latest cBot which is much more stable that the above one .

Results with 1min with tick data from 19 Jan 2014 - 23 Feb 2017 using 30$ per million commissions.

USDCAD



EURUSD


AUDUSD


Parameters



Let me explain the parameters

1) TimeFrame: 1 Min (suggested). It is based on multi TimeFrame but still use the baseTime frame during signal generation.

2) Volume: 1K (suggested). It is a martingale strategy and it increases lot based on Fibonacci sequence so better to start with 1K for every 5K account balance.

3) minSpread(pips): 2 pips (suggested). It basically won't open trades unless spread is less than this spread Filter.

4) RiskLevel : 10 (suggested). Max number steps of martingale.

5) Band Deviation: 2 (suggested).

6) PnL Threshold: 500 (suggested). Martingale sequence to be closed after making this threshold unless closed through TP process.

7) Inverse: 0 (suggested). 0 means false and basically means that we sell when overbought and start martingale sequence. If set to '1" (true) then it will buy when overbought. You can also try with '1' as it is not necessarily not profitable.

8) Grid Size(pips): 10 (suggested). Min grid space in pips for martingale to start.

9) Grid Gradient: 0 (suggested). Gradient of exponential increasing grid function.

10) TakeProfit(pips) : 3 (suggested). Starting TakeProfit in pips with 'TP Scale' gradient applied for subsequent martingale steps net TakeProfit.

11) TP Scale: -0.15 (suggested). Gradient of exponential decay function using 'TakeProfit' parameter as starting sequence. If it is +ive then TakeProfit will reduce with number of martingale steps , otherwise will increase.

Algorithm looks to break even after RiskLevel -1 martingale steps irrespective of TakeProfit or TP Scale parameters.

Play around with parameters and let me know your feedback. I won't be able to implement all the requests which might come through as i have tested myself TrailingStops, Fixed Stops etc but i will try my best (but i don't guarantee anything).

PLEASE USE TICK DATA ONLY . I HAVE USED ICMarkets tick data with 30$ / million commissions.

Please note that it is a martingale strategy so it is RISKY.
Please use it with your own understanding and use it on 'Live' with your own risk. Backtest it/Forward test it and provide your feedback !



V0 : cBot download V0 ( no source code )

https://www.dropbox.com/s/otqivbvubk...rial.algo?dl=0

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V2 :-> Very stable version of martingale with 2 important features which i personally wanted

1) All trades will be open from Monday and will be closed by Friday, so no weekend risk.
2) PnL threshold acts as weekly take profit. No more trades for that week if PnL Threshold has hit.

This ensures that i can just run it on several instruments every Sunday night and turn it off on next Saturday morning. Peace of mind for myself !!

New parameters added



Enable gridSizeLast4Steps : If enabled you can specify exact pips for last 4 steps of martingale grid.
GridSize for Last4Steps : Size of grid spacing for last 4 steps of martingale sequence.

V2: cBot download V2 (updated) ( no source code )

https://www.dropbox.com/s/ivoi416seu...rial.algo?dl=0 ( updated )


( You can look at my main thread here -> http://ctdn.com/algos/cbots/show/1026 )



I must add the disclaimer :

Past performance results are shown for illustration and example only, are hypothetical and as such have many inherent limitations. Past performance of indicators or methodology or algorithmic trading are not necessarily indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Buy using trading strategies or bots or indicator provided through me, you further agree not to hold me or any of my affiliates, liable for products or services that are bought based on any recommendations made , or for any partnerships or other dealings that may originate on the forum, private messaging, or any other source. Futures , Forex , Stocks, Indices trading and algorithmic trading involve a substantial risk of loss and is not appropriate for everyone. Only risk the capital you can afford to loose and be aware that leveraged trading could involve loss excess than trading capital. You agree to indemnify and hold harmless myself and my affiliates, from and against any and all claims.
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Best of LUCK on your first attempt

Hi sbc, thanks for the cBot, I've been playing around with it in backtest and it looks interesting. Question: does this cBot have an expiration-date? Will it stop working at a certain point in time?

Thanks for the kind words mate. Yes, i have kept the expiration at 25 March 2017. I will keep posting the updated versions if we do find some better options, but at this moment it will expire in 1 month.

Is this EA ? & Is it run MT4. please don't mind , coz I have no idea about algo file .
thanks .

 
Yes mate, it is an EA but it is written in cAlgo for cTrader platform not for mt4. I trade on cTrader so all of my work is catered towards it.
 

Hello,

Someone can code for MT4?

Thanks for letting me know that TakeProfit(Pips) wasn't working properly. I have fixed it and updated the link in the first post. Do play around with settings and post the best ones that you see ( in backtest and forward test ).

I am working on improving the 'inverse' = true flag and trying to find some settings to have general profitability for most of the pairs . This would enable us to run 2 versions on each instrument ( inverse= 1 and inverse = 0 ) and if we can have 20-30% return on each subset and is working for 3-4 pairs , we can actually generate ~80-100% annual returns with manageable drawdowns. I will keep you guys updated.

I am also working on a new version which is dependent on currency strength and will use the linear martingale concept, but unfortunately we can't back-test it ( cAlgo doesn't allow multi instrument backtesting at this moment ). I will release it soon (in a separate thread) and we all can run in demo version to see how it performs.

Wish me luck!!

Will you keep providing new versions with new expiration-dates without us having to buy the EA? Or could it happen that in the future I have to buy the EA in order to continue to use it? I prefer to know this in advance, hope you don't mind.

no issues mate, valid question. I will try to post new ones but at some stage it will cease to be free. I don't know when, but i don't want to false promise anyone.

O.k., thanks for letting me know! Wouldn't it be better to post your EA in the "Commercial Content" forum?

it will cease to be free but will it be for sale ?

Yes it will be but i am not focusing on it now. Having an EA which can generate consistent returns is the aim here first.

On other note, my risky martingale version which i have been running in demo ( and also went live with) is doing good so far for this week also. 5% made so far with another 5% target left ( basically 500$ target is set for the account per week )



Please check my journal -> https://www.forexfactory.com/showthread.php?t=640368

10% target done for the week already ( in 2 days !! ) . Good work 'risky' martingale

Just to let you guys know that now i have 3 versions of Martingale on FX

1) Risky Version which you are seeing in demo above https://www.myfxbook.com/members/TRM...-fx-v0/1977124
2) Stable Version which i have provided link in the first post
3) Currency strength based Linear Martingale bot <- This is the one which i have just set up and will be running in demo for 1 month before going live. I will create a separate thread during this weekend and you guys can also forward test it on demo.

Stay tuned and play with Stable Version in the meantime !

Don't forget that you need to STOP at some time. Don't try to play with it indefinitely as you are guaranteed to lose.

Thanks for the advice mate. I know the pitfalls of martingale quite well , so idea is too recover principal back as soon as possible and then slowly grow it and keep playing with house money with regular withdrawals. As long as one has 'relatively' stable martingale along with a good entry point , it is a good method to have some decent returns.

great EA, i will test it, thank you

Hi
I'm not using cTrader platform.
Maybe I'll find someone to build it for MT4. Can you say a few words about the working principles of this martingale sys.?
Is it the Recovery Zone working principle like this? (see picture below)