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My first FX martingale attempt

  • #81
  • Mar 21, 2017 10:50pm Mar 21, 2017 10:50pm
Quoting sbc
{quote} Finally it did recover and is up 6% for this week so far. Still way more way to go ..i still need 4% from rest of the remaining week from my RISKY martingale! {image}
It's looking great, nice going
  • #82
  • Mar 22, 2017 10:02am Mar 22, 2017 10:02am
marties can be ok, but can also blow at any time.

the one below makes 1k a month with 1k balance, so its a chance one takes.


https://gyazo.com/579dce543a2fec7da35d23a0c724729f
  • #83
  • Mar 22, 2017 10:20am Mar 22, 2017 10:20am
Quoting reinerh
marties can be ok, but can also blow at any time. the one below makes 1k a month with 1k balance, so its a chance one takes. https://gyazo.com/579dce543a2fec7da35d23a0c724729f
I've experimented with systems involving Martingale but even though I wasn't successful with it, I'm almost certain they can work but for how long, no one could be sure of that with any Martingale or non-Martingale system. My thought is, as long as the original deposit is recovered, the rest is gravy.
  • #84
  • Mar 22, 2017 10:38am Mar 22, 2017 10:38am
yes tgs, the chance for blow up is always there.

but dont forget the current central bank bullshit keeps the pairs in a very low daily range, especially gu and eu and quite a few more.
gu daily range used to be 3 to 4 times what it is today.

these days will end at some point again, and then its all over, but right now its nice to make good money with marties.
  • #85
  • Mar 22, 2017 10:46am Mar 22, 2017 10:46am
Quoting reinerh
yes tgs, the chance for blow up is always there. but dont forget the current central bank bullshit keeps the pairs in a very low daily range, especially gu and eu and quite a few more. gu daily range used to be 3 to 4 times what it is today. these days will end at some point again, and then its all over, but right now its nice to make good money with marties.
This is good insight that sbc should take note of or perhaps has already factored into his system.
  • #86
  • Mar 22, 2017 5:23pm Mar 22, 2017 5:23pm
Quoting reinerh
marties can be ok, but can also blow at any time. the one below makes 1k a month with 1k balance, so its a chance one takes. https://gyazo.com/579dce543a2fec7da35d23a0c724729f
Hi mate, i know that martingale can blow at anytime but having a relatively stable version gives 'some' comfort and after first 100% return as TGS said is gravy on top. I am trying to limit my DD and that's where my stable version is helping me.

Can you provide more details about the martingale you mentioned ? myfxbook link etc .
  • #87
  • Edited 4:19pm Mar 23, 2017 4:04pm | Edited 4:19pm
yippie (tough week though ) !! Risky Martingale did perform to my expectations ..made 600$ for the week ! Took 4 days this time instead of 3 , but i shouldn't complain.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 46 KB


Next week will be last run for it and then you guys can contact me directly regarding the cBot.

Wish me luck !!!!
  • #88
  • Mar 30, 2017 12:47am Mar 30, 2017 12:47am
Waiting for 80$ more to be made for this week and martingale would have proved its worth !!..C'mn Risky Martingale

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 46 KB
  • #89
  • Mar 30, 2017 12:54pm Mar 30, 2017 12:54pm
I'm waiting for you to share this EA like you said..
The name of the game is finding weaknesses in supply or demand.
  • #90
  • Mar 30, 2017 4:03pm Mar 30, 2017 4:03pm
Finally did it Hurray ... ( 80% in 7 weeks ..~10% target per week )


Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 46 KB



No more demo run going forward. This martingale has shown promise and passed my litmus test of profitability. Wish me luck guys !!

Contact me directly if you are interested in stable versions .
  • #91
  • Apr 5, 2017 11:12pm Apr 5, 2017 11:12pm
I tried you v2 cbot for last 24 hours, but it just did not open any trade. 4 pairs, eu ej uj uc
  • #92
  • Apr 5, 2017 11:22pm Apr 5, 2017 11:22pm
Quoting chnp
I tried you v2 cbot for last 24 hours, but it just did not open any trade. 4 pairs, eu ej uj uc
It is possible for bot not to open any trade but you should try to backtest it with 24 hours data and see if it should have. I can't confirm it because i wasn't running V2 yesterday. Did you see any errors while running it ?
  • #93
  • Apr 5, 2017 11:24pm Apr 5, 2017 11:24pm
Quoting chnp
I tried you v2 cbot for last 24 hours, but it just did not open any trade. 4 pairs, eu ej uj uc
Ok i can understand why it didn't because you didn't start the bot on Sunday as it triggers a flag at start of week to trigger trades. Since you start only yesterday it didn't open any trades. I will fix it later.
  • #94
  • Apr 6, 2017 12:38am Apr 6, 2017 12:38am
looking forward to try out the latest version on a live account
  • #95
  • Apr 6, 2017 12:42am Apr 6, 2017 12:42am
Quoting rogelio11
looking forward to try out the latest version on a live account
Posted V0 and V2 still works well on both demo and live. ( I will update V2 with change requested above by a user today ). Licence still expires mid-April so play around till that time.
  • #96
  • Apr 6, 2017 12:58am Apr 6, 2017 12:58am
Quoting sbc
{quote} Ok i can understand why it didn't because you didn't start the bot on Sunday as it triggers a flag at start of week to trigger trades. Since you start only yesterday it didn't open any trades. I will fix it later.
Great. Looking forward to that. Thanks.
  • #97
  • Apr 6, 2017 2:13am Apr 6, 2017 2:13am
Quoting chnp
{quote} Great. Looking forward to that. Thanks.
updated link for V2 on first page ! Enjoy !!

Let me know if you see any further issues.
  • #98
  • Apr 6, 2017 5:46am Apr 6, 2017 5:46am
I saw it would made next grid as soon as losing 10 pips. Would you consider developing a system that opens next level grid only when 2 conditions are both matched.
1st condition: the trade before is losing more than 10 pips (your system already has this condition)
2nd condition: there are 2 consistent m1 bars going on opposite direction to the losing trade was made (this would increase the chance of winning by choosing trend)
  • #99
  • Edited 6:13am Apr 6, 2017 6:00am | Edited 6:13am
Quoting chnp
I saw it would made next grid as soon as losing 10 pips. Would you consider developing a system that opens next level grid only when 2 conditions are both matched. 1st condition: the trade before is losing more than 10 pips (your system already has this condition) 2nd condition: there are 2 consistent m1 bars going on opposite direction to the losing trade was made (this would increase the chance of winning by choosing trend)
Thanks for the feedback mate but i am quite happy with the current version. I will give your suggestion a try later ( not in priority to be honest ) . I have already tried moving averages filter while increasing martingale sequence but it didn't help the risk reward. I am trying to combine inverse = 0 and inverse = 1 flag without increasing DD significantly but it is proving harder than i thought.

Thanks again for the feedback though.
  • #100
  • Apr 6, 2017 6:12am Apr 6, 2017 6:12am
Yes, by backtesting, the result is very good.
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