Little Martingale EA | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Martingale Calculation EA (also reverse martingale) 3 replies

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Attachments: Little Martingale EA
Exit Attachments

Little Martingale EA

  • #121
  • Edited 6:22am Jun 2, 2017 6:04am | Edited 6:22am
Quoting arteks
ПОМОГНЕ? Може ли някой да ми помогне, като ми каза - защо, когато имам повече от 6 операции в една група...
Hi,
I've tested it and I've found no problems,
Is Anybody else having this kind of issues?

cheers!
  • #122
  • Jun 2, 2017 6:52am Jun 2, 2017 6:52am
Quoting joancb
{quote} Hi, I've tested it and I've found no problems, Is Anybody else having this kind of issues? cheers!

i just realized im testing an older version, v1.4 and thats the version with my test & statement shared earlier. hope thats not that bad
  • #123
  • Jun 3, 2017 4:10pm Jun 3, 2017 4:10pm
Hi Joan I have some drawings, but Forex factory does not support format. Can I mail it to you?
  • #124
  • Jun 3, 2017 4:23pm Jun 3, 2017 4:23pm
I will try to Explain it step by step though, in the mean while. I will use my own settings, but settings must be adjustable.
Step1: EA opens a buy and a sell. Both at .01
Step2: Martain Gail for losing trade Grid must go up to 20 far. Set grid size at 40 pips. Increase .01,.01,.01,.03,.06,.09,.12,.15,.18,.21,.24,.27,.30,.33,.36,.39,.42,.45,.48,.51 (TP must follow trades and must take a TP of 2 pips per trade)
Step3: Momentum for winning grid Must go 50% of Losing grid 20 pips. Increase 1,2,4,8,16,32,62,128,256,512,10,10,10,10,10,10,10,10,10,10 (the reason for 10 lot sizes is that some brokers don't accept more than 10 lot sizes when trading Gold) The trade takes a 75% trailing stop between the last open trade and the new trade.

After you code it I will help you further with the settings.
  • #125
  • Jun 3, 2017 5:11pm Jun 3, 2017 5:11pm
Hi Joancb, With your EA it is always good to have a little risk calculator in excell. It is important to note how much of a grid your EA can handle. It is dangerous to say that your EA survived Brexit, because it depends on how much money were in your trading account. I am not trying to be critical, but just want to share my knowledge and seeing that you are a coder I might consider using you in future. If you traded your EA according to your risk parameters with out a proper retracement, you would need $614 for your first 6 trades(120 pips), up to $7414 if you did not have a retracement yet for your next 5 trades. But that would have given you a risk grid of 620 pips. With most currencies 300 pips is quite safe so with your EA it is about 2880$. If you traded Gold last year, there was a run for 700pips so in extreme conditions it could wipe your account. It is also important to know your currencies when trading MG. Your JPY pairs is runners and you want ti stay away from them. Your AUDNZD EURCHF and a couple other is very small grids and you will probably not make so much trades as with others. If I look at your grid size some of your GBP pairs should be fine some USD and AUD and CAD crosses. But the best way to find the best pairs for your EA is still to load a couple on a Demo account and test them over a period. I dont believe in backtesting as it does not reflect true spreads at that moment. Thank You for your blog it is really informative and I hope that all of you guys find the perfect EA. I know that I am close, but it must still be tested. Maybe I share the final results with you guys in a month or two.
  • #126
  • Jun 4, 2017 5:18am Jun 4, 2017 5:18am
Quote
Lucky123
Hi Joan I have some drawings, but Forex factory does not support format. Can I mail it to you?


dear Lucky123 , thank you for sharing your ideas, i find it very interesting, and i would like to know more on your systems, and about the drawings you mentioned.
could you email me : [email protected] ?

i hope you can complete your EA and systems soon.
stay green and happy pipping always
  • #127
  • Jun 4, 2017 6:25am Jun 4, 2017 6:25am
I would also like to join here being a fan of MG i remember i used Blessing EA from JTA today it is free to try there thisis the one i find really the best .

I recentlly again made lossess using MG .but i was on social trading site my leader was using MG and i was follower.Ok i will test this and post the results.

Thanks
  • #128
  • Jun 4, 2017 7:58am Jun 4, 2017 7:58am
Joan if I help you, will you write the other half of the EA according to your Little MG and share the code with me? I understand your EA and with a little coding we can get the enhancements done. I have other programmers working on it, but the multiplier in your ea interests me.
  • #129
  • Jun 4, 2017 1:07pm Jun 4, 2017 1:07pm
Quoting Lucky123
Joan if I help you, will you write the other half of the EA according to your Little MG and share the code with me? I understand your EA and with a little coding we can get the enhancements done. I have other programmers working on it, but the multiplier in your ea interests me.
Yes go ahead, tomorrow on London open I'll start on this new idea.
I would recommend turn off all GBP pairs due to the UK elections.
cheers!
  • #130
  • Jun 4, 2017 5:38pm Jun 4, 2017 5:38pm
Just explain: Profit 40.0 is that for every open trade after your TP were hit.

First principle: When is your buy or sell trades direction confirmed?Answer: When the 2nd buy or 2nd sell opens> Very important.
Lets call them a Winning trade and a losing trade.
Second Principle: Winningtrade is trading in the correct direction in a grid accumalating trades and lots, untill it retraces to hit Stop Loss or Trailing Stop.
Losingtrade is the Martain Gail.(This you have)
Third Principle: Your winning trade Stop Loss only opens after the 2nd trade opens and must be a % of the grid between the last 2 openings.
Fourth Principle: If Winningtrade went up and retraces, hit SL, reopens, but retraces further, it can also become a losing trade. Now you will have 2 losing trades, untill 1 TP are hit.
  • #131
  • Jun 5, 2017 4:12am Jun 5, 2017 4:12am
Quoting Lucky123
Just explain: Profit 40.0 is that for every open trade after your TP were hit. First principle: When is your buy or sell trades direction confirmed?Answer: When the 2nd buy or 2nd sell opens> Very important. Lets call them a Winning trade and a losing trade. Second Principle: Winningtrade is trading in the correct direction in a grid accumalating trades and lots, untill it retraces to hit Stop Loss or Trailing Stop. Losingtrade is the Martain Gail.(This you have) Third Principle: Your winning trade Stop Loss only opens after the 2nd trade opens...
Hi Lucky,

Here is a preliminary attempt of the EA, there is still no SL nor trailing stop.
Please tell me if the lot sizes and space between orders are correct.
I've noticed that with pairglobalprofit set to 5 works pretty well as it is now.
cheers!
Attached File(s)
File Type: ex4 QuinNomLiPosoTest.ex4   25 KB | 645 downloads
  • #132
  • Jun 5, 2017 4:59am Jun 5, 2017 4:59am
What do you think about making a global TP(must include 3 profit per open order) for the losing trade. So open 1.0000, 1.0040, 1.0080... This will give you 1.000+1.0040+1.0080/3 =1.0040 - 9 = 1.0031 TP. The calculation includes all losing trades divided by the amount of open trades plus your profit. Include auto spreads.

Winning trades just move Stop Loss to the 75% of opened trade. 1.0000 when 1.0020 open Stoploss for both trades move to 1.0015. Next trade opens at 1.0040 Stoploss for all trades move to 1.0035. Next trade opens at 1.0060 Stop loss for all trades opens at 1.0055.
  • #133
  • Jun 5, 2017 5:02am Jun 5, 2017 5:02am
I think for now let 2 run individually with own TP and SL. I must say I am quit impressed with you speed. I really like what I see.
  • #134
  • Jun 5, 2017 5:45am Jun 5, 2017 5:45am
When I trade EA the space win opens for both the Winning and losing trade.
  • #135
  • Jun 5, 2017 5:47am Jun 5, 2017 5:47am
https://www.forexfactory.com/attachm...1&d=1494907464

Leave this as losing trade(let TP be 30 per open trade). Just add winning trade with 2 multiplier and own grid and 75% SL.
  • #136
  • Edited Jun 6, 2017 5:04am Jun 5, 2017 1:31pm | Edited Jun 6, 2017 5:04am
Quoting joancb
Hi, I made this litle martingale EA which survived Brexit, If Anybody thinks that it can be improved I'll be happy to change the code and share it. It opens a Buy and a Sell every desired interval at a multiple n of lots from the previous order. It closes the basket at a desired profit in cash. Cheers! ------------------------------------------------------------------------------------------------------------------------------------------------------- "Yes. But as you certainly know our business is selling AND buying. It doesn't work for very long...

Thanks, very promising. Could you please share mq4 for this version.


Thanks for sharing
  • #137
  • Jun 6, 2017 5:03am Jun 6, 2017 5:03am
Hi, Joancb

would you please modify profit to profit = OrderProfit() + OrderSwap()+OrderCommission()?
  • #138
  • Edited 5:54am Jun 6, 2017 5:20am | Edited 5:54am
Quoting Lucky123
What do you think about making a global TP(must include 3 profit per open order) for the losing trade. So open 1.0000, 1.0040, 1.0080... This will give you 1.000+1.0040+1.0080/3 =1.0040 - 9 = 1.0031 TP. The calculation includes all losing trades divided by the amount of open trades plus your profit. Include auto spreads. Winning trades just move Stop Loss to the 75% of opened trade. 1.0000 when 1.0020 open Stoploss for both trades move to 1.0015. Next trade opens at 1.0040 Stoploss for all trades move to 1.0035. Next trade opens at 1.0060 Stop loss...
Hi,
That's a new version with StopLoss added,
inputs:

win_multi is the multiplier for the winning trades lots
looselotsum is the number of lots that will add to the previous losing trade
profitpercent is the % of the trailing StopLoss

is this completed?
if not what is the next step?

cheers!

P.s:There are some 130 error that don't affect the trading algorithm and will be addressed later
Attached File(s)
File Type: ex4 QuinNomLiPosoTest v1.1.ex4   25 KB | 697 downloads
  • #139
  • Jun 6, 2017 5:32am Jun 6, 2017 5:32am
https://www.forexfactory.com/showthr...06#post9947306

Perhaps the answer to your prayers

PS guys, when you make this EA ...you will because it works WAY better than martingale... please post the mql source code here and PM me

Cheers
  • #140
  • Jun 6, 2017 6:17am Jun 6, 2017 6:17am
Quoting Sunnybeach
Hi, Joancb would you please modify profit to profit = OrderProfit() + OrderSwap()+OrderCommission()?
Updated post#1
As my broker don't have swaps nor commissions I couldn't test it properly, if you find any bug please report it back and I'll be happy to correct it.

cheers!
0 traders viewing now