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Little Martingale EA

  • #41
  • May 20, 2017 9:29am May 20, 2017 9:29am
Quoting kofix11
{quote} Dear joancb You must have plenty of open position by trading 24 pairs. Do you close them all at Friday night?
probably he\she uses it on demo, otherwise wouldnt name it "Little Martingale EA " ......on 24 pairs?.....that is simply crazy and i know about EA s lol, not that i'm a coder but i tested tons of them. 24 pairs on martingale? come on....

by the way aside from this thread and this applies to any strategy and EA:

BACKTESTING IS USELESS

results never match the forward tests (demo or live).

i will test this one too of course
  • #42
  • May 21, 2017 12:37pm May 21, 2017 12:37pm
Quoting kofix11
{quote} Dear joancb You must have plenty of open position by trading 24 pairs. Do you close them all at Friday night?
nope I don't, but that's an option to test.
cheers!
  • #43
  • Edited 12:49pm May 21, 2017 12:38pm | Edited 12:49pm
Quoting adegard
Hi Joancb, Thanks for sharing... backtest are very impressive... if I undestand "profit" close single order at single reached value, and "globalprofit" close all orders at reached value then if your are using 24 pairs, did you attached the ea to 24 charts? and it will "closeatprofit" all orders at the same time, isn't it? Many thanks
Correct. That's what I do.

p.s. well it is 28 pairs really.
  • #44
  • May 21, 2017 12:46pm May 21, 2017 12:46pm
Quoting luca1073
{quote} probably he\she uses it on demo, otherwise wouldnt name it "Little Martingale EA " ......on 24 pairs?.....that is simply crazy and i know about EA s lol, not that i'm a coder but i tested tons of them. 24 pairs on martingale? come on.... by the way aside from this thread and this applies to any strategy and EA: BACKTESTING IS USELESS results never match the forward tests (demo or live). i will test this one too of course
I use it live.
why not name it martingale if it is what it is?
I know the possiblility to burn the account is real. Just minimize the risk not trading red news, small lots and funding the account properly.
It is the only way I know to make money. If somebody knows a better way you are welcome to post it.
Cheers!
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  • #45
  • May 21, 2017 1:10pm May 21, 2017 1:10pm
Quoting joancb
{quote} I use it live. why not name it martingale if it is what it is? I know the possiblility to burn the account is real. Just minimize the risk not trading red news, small lots and funding the account properly. It is the only way I know to make money. If somebody knows a better way you are welcome to post it. Cheers! {image} {image}
Hi Joan,

great thread and thanks for sharing.

It sure looks like your live trading goes well and "safe" with a max. DD of 8 - 9 % - bravo!

How do you stay out of red news? Close positions before or?

Also can I ask what lot size do you trade the displayed live account?

Gracias!

PC
Less is more...
  • #46
  • May 21, 2017 1:39pm May 21, 2017 1:39pm
I would like to share my experience with multipliers here. The only useful multipliers I have found are those in between x1.01 and x1.05. The multiplier of x1.05 is a monster big multiplier. I use it only on daily LIMIT breakouts or when I "hedge" the x1.05 trades with opposite trades multiplied by 1.01. Leaving space/distance in between the trend and counter trend trades. Locking profits, shortly put. I also use it in my positive net pips strategies, usually trend following. It is quite heavy multiplier if used on more than just a trade a day...

Here is the major thing.

You must find positive net pips before you even start using multipliers.

I will give you an example.

You want to trade the trend. But the rate flips quite a bit. You have to have net positive pips AHEAD (with the trend), whatever the direction. Or just trade the set up (limit or stop orders) where the positive pips are. This is absolutely crucial.

The net positive pips gained with a multiplier of 1.00 (no multiplier) - you have to find them before doing anything else. After you get them (the net positive pips), you can start planning what multiplier you will use. x1.05 can be quite deadly multiplier, especially when in use in negative net pips strategy.

Most strategies are offering negative net pips btw. Thus the bankers just eat you for a breakfast.
Maadik Hugiis. IQ 69.
  • #47
  • May 21, 2017 1:42pm May 21, 2017 1:42pm
Quoting pipcruiser
{quote} Hi Joan, great thread and thanks for sharing. It sure looks like your live trading goes well and "safe" with a max. DD of 8 - 9 % - bravo! How do you stay out of red news? Close positions before or? Also can I ask what lot size do you trade the displayed live account? Gracias! PC
Yes, I close positions setting suspendtrade to true. Depending on the news, if they are very "market movers", I will close them all even at loss.
I trade 0.02 lots for every pair.
cheers!
  • #48
  • May 21, 2017 1:44pm May 21, 2017 1:44pm
Quoting MoneyZilla
I would like to share my experience with multipliers here. The only useful multipliers I have found are those in between x1.01 and x1.05. The multiplier of x1.05 is a monster big multiplier. I use it only on daily LIMIT breakouts or when I "hedge" the x1.05 trades with opposite trades multiplied by 1.01. Leaving space/distance in between the trend and counter trend trades. Locking profits, shortly put. I also use it in my positive net pips strategies, usually trend following. It is quite heavy multiplier if used on more than just a trade a day......
Thanks for the input!
that's the key point, finding the positive pips, I've searched but not found them.
cheers!
  • #49
  • May 21, 2017 1:54pm May 21, 2017 1:54pm
Quoting joancb
{quote} Yes, I close positions setting suspendtrade to true. Depending on the news, if they are very "market movers", I will close them all even at loss. I trade 0.02 lots for every pair. cheers!
I've not yet test you ea.
Question, how many level of position do you have on single pair?
well.. I assume you already calculate beforehand, the margin requirements & capital required (on single pair), to open those positions..
let alone 24 pairs! with 0.02 lot!
  • #50
  • May 21, 2017 1:58pm May 21, 2017 1:58pm
Quoting joancb
{quote} Thanks for the input! that's the key point, finding the positive pips, I've searched but not found them. cheers!
these are really monster hard to find. it is useless to trade, if you do not have a system with at least +1 net pip per trade. the spread will eat it, but that is ok. it gives you a good foundation, where you can start building your stores... I could not find more than 8-9 positive pips per trade (on avg). They usually are in between 0.5 and 2.5 pips. That is very little, but that is all they offer, unfortunately.

All strategies fail, because they cant find positive net pips. They use martingale to compensate this disadvantage...

Don't trade if you cant find positive net pips.

Good luck.
Maadik Hugiis. IQ 69.
  • #51
  • May 21, 2017 2:07pm May 21, 2017 2:07pm
Quoting MoneyZilla
{quote} these are really monster hard to find. it is useless to trade, if you do not have a system with at least +1 net pip per trade. the spread will eat it, but that is ok. it gives you a good foundation, where you can start building your stores... I could not find more than 8-9 positive pips per trade (on avg). They usually are in between 0.5 and 2.5 pips. That is very little, but that is all they offer, unfortunately. All strategies fail, because they cant find positive net pips. They use martingale to compensate this disadvantage... Don't trade...
i found it hard to achieve with multiplier 1.02~1.05, rather 1.95~2.05 is a good number.
it means that, we can close the whole sequence (in positive money), just above previous open order sequence.
well..just my opinion, I have that ea system running in my account for more than 8 months now. 7 layers max.
  • #52
  • Edited May 22, 2017 2:40am May 21, 2017 2:22pm | Edited May 22, 2017 2:40am
Quoting Hairi
{quote} i found it hard to achieve with multiplier 1.02~1.05, rather 1.95~2.05 is a good number.
Very few, magicians I call them, can make money with systems with negative pips disadvantage. I guess, most of people are just far away from making it into that special club.
Maadik Hugiis. IQ 69.
  • #53
  • May 21, 2017 2:33pm May 21, 2017 2:33pm
Quoting MoneyZilla
Very few, magicians I call them, can make money with systems with negative pips disadvantage. I guess, most of people are just far away from making it into that special club.
well.. I guess we both enter "different" special club at different country LOL.
good luck brother.
  • #54
  • May 21, 2017 8:18pm May 21, 2017 8:18pm
Quoting joancb
{quote} I use it live. why not name it martingale if it is what it is? I know the possiblility to burn the account is real. Just minimize the risk not trading red news, small lots and funding the account properly. It is the only way I know to make money. If somebody knows a better way you are welcome to post it. Cheers! {image} {image}
I believe you. very happy for your results, will definitely test it, maybe on less pairs lol

i see you have 1:1000 leverage? wow
  • #55
  • May 22, 2017 1:48am May 22, 2017 1:48am
Quoting luca1073
{quote} I believe you. very happy for your results, will definitely test it, maybe on less pairs lol i see you have 1:1000 leverage? wow
yes, this is a cent account, from 20$ to 100$ you can get 1:1000 leverage.
cheers!
  • #56
  • May 22, 2017 10:10am May 22, 2017 10:10am
Hi Joan,
I make some trials.
I set Profit=10 and Globalprofit 20.
Profit is not closing my single order at 10 ?
Maybe I miss something in logic understanding.
Thanks
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  • #57
  • May 22, 2017 6:56pm May 22, 2017 6:56pm
Quoting adegard
Hi Joan, I make some trials. I set Profit=10 and Globalprofit 20. Profit is not closing my single order at 10 ? Maybe I miss something in logic understanding. Thanks {image}
Profit is not looking at single order. It is looking at all your trades on that pair. When the net value of all your trades for E/U reaches 10 it will then close.
  • #58
  • May 23, 2017 1:55am May 23, 2017 1:55am
Quoting thorn
{quote} Profit is not looking at single order. It is looking at all your trades on that pair. When the net value of all your trades for E/U reaches 10 it will then close.
Yes that's correct.
I've spotted a bug with globalprofit variable, and I'm currently forward testing to adress it asap.
be warned and use it only on demo.
cheers!
  • #59
  • May 23, 2017 3:34am May 23, 2017 3:34am
Sorry if it has already been answered, but I could not find in the thread the time frame used.
I saw only a chart with 30', but I am not sure it is the real one.

I like Martingales and this looks nice. I am setting a cent account to try it.

  • #60
  • May 23, 2017 3:44am May 23, 2017 3:44am
[Quote = joancb; 9899346] {cita} S que es correcto. He vi a un error con variables globalprofit, y estoy actualmente impulsando las pruebas para adress lo antes posible. ser advertido y utilizarlo slo en demostracin. saludos! [/ quote]


Hi joan
1.- thank you very much for sharing I see interesting the ea and the thread, let's try to look for improvements in the robot if it can.
2. - I am testing the ea, default parameters, I do not find logic to the global profit, I say this because the ea will always be in negative balance and will be closing partial positives. Another person in the group and I comment.
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