{quote} Mean, long term (10+ years), martingale don't work, even M1.
Ignored
Who the hell would let a Martingale run for 10+ years ? Of course it will crash, it's a martingale ! Event though i'm relatively new to dealing with EAs, I could at least understand that much.
Martingale EAs don't work for a long time, yes, but that's just not how you make constant profit with them ! You have to withdraw your profits on a regular basis, leave only the amount of your initial deposit on the account, and monitor the EA to be able to stop it on red news if needed. The point is to have a martingale that makes enough profit, and to withdraw constantly for your balance to stay low enough, so that when your account crashes (and again, it will crash), you've made enough profit to cover the loss, and still have profit left.
You can't just let it run for years on forward test OR Backtest, it just won't work.
That aside, This looks like an interesting EA, i'm going to test it on demo account and see if it works, but from the results on the thread it looks promising, so thanks Joancb for sharing !
MG is like putting weight on one side. What I am trying to do with this EA is to balance it out with Momentum. With MG you will eventually blow your account. There is no winning MG EA on the market that I know of. Hedging is a temporary solution, but also a MG strategy. If you can have a more agressive strategy on your winning side and a less agressive strategy on your losing side(MG) you can minimize your risk. This EA entry, currently is not working correctly. I am sure that it will reduce the risk tremendously. Last Year I also thought that I can not lose untill I got a 700 pip move. You see When you accumulated 15000$ from a 3000$ account and then lose it in 2 weeks. That can make you sick. This is the reason I am trying to help you guys. Never to feel the way I felt. When you in the beginning have a 7000$ account draw down, but you ask yourself. Should I stay in or will it trade itself out. You risk 15000$ or 8000$, Guess what i did. I withdrew my original 3000$ and lost the account. Do not just trade MG. Have a risk calculator. Make sure you can easily manage a 400pip drawdown.
{quote} Who the hell would let a Martingale run for 10+ years ? Of course it will crash, it's a martingale ! Event though i'm relatively new to dealing with EAs, I could at least understand that much. Martingale EAs don't work for a long time, yes, but that's just not how you make constant profit with them ! You have to withdraw your profits on a regular basis, leave only the amount of your initial deposit on the account, and monitor the EA to be able to stop it on red news if needed. The point is to have a martingale that makes enough profit, and...
Ignored
So, you run a martingale EA (this) only for 2-3 month and widthdraw (if you are in profit), but if you are in loss what you do?!
This is gambling, not trading...you know this?
This EA is interesting EA of course (little martingale), but put 2k real money for withdraw 2k to profit (risking a lot, this is a martingale) it's a dream, for me. :-)
My "INSANE RISK" system/EA +500% (martingale) 10k deposit. My "INSANE RISK II" system/EA - 100% (martingale) 10k deposit It's not unlucky, martingale don't work, long term, simply, forward test (demo or live) done. Good luck.
Ignored
Yes 10 yrs is a long time for any system and martingale is risky anyway and everybody knows. If it was good for 10 yrs "only" it would the martingale grail Lol
aside from jokes thanks for your opinion , im usually cautious too with things and am not jumping to conclusions good or bad. So far between the martingale systems that i ve seen this seems one of the nicest.
Secret is to withdraw often all the profits constantly to have less risks. Of course if you fail at the start its not good. Thanks, grazie e Ciao vedo che sei Italiano anche tu
UnNomGuaiV1.12.ex4 have several bugs which I didn't find out before trading on real.
1) does not open position, sometimes.
- a) buy trade with huge negative balance, and there is no sell trade.
- b) buy trade with huge negative balance, and there is no subsequent martingale buy trades opened.
2) does not close position, sometimes.
This two bugs are real killers on account balance.
Additionally, this is not a bug, but is coded into the EA. "space1" "space2"... are accumulative. Eg, by setting the EA to opening trades after a candle opens, is useful to prevent opening too many trades during large news. But because of the accumulative nature, it opens large position very close to each other after the large news. (kinda hard to explain, so hope u guys understand).
{quote} So, you run a martingale EA (this) only for 2-3 month and widthdraw (if you are in profit), but if you are in loss what you do?! This is gambling, not trading...you know this? This EA is interesting EA of course (little martingale), but put 2k real money for withdraw 2k to profit (risking a lot, this is a martingale) it's a dream, for me. :-) Again, good luck.
Ignored
The Martingale I traded last year, could easily manage a move of 250 pips without retracement.(made 100% per month) But you can increase it to 600 pips without retracement. But your profit would be less. This is how you manage it. You switch it off before news. You close it early on Fridays. So it is all about probabilities. You can trade a MG successfully by managing the risk. But greed comes into play. If your risk appetite is lower, you can trade that EA for 10% profit per month. The problem is, I dont trade EA to make 10% per month. I want to make at least 30-50%.
{quote} The Martingale I traded last year, could easily manage a move of 250 pips without retracement.(made 100% per month) But you can increase it to 600 pips without retracement. But your profit would be less. This is how you manage it. You switch it off before news. You close it early on Fridays. So it is all about probabilities. You can trade a MG successfully by managing the risk. But greed comes into play. If your risk appetite is lower, you can trade that EA for 10% profit per month. The problem is, I dont trade EA to make 10% per month....
Ignored
can i ask you where you found your martingale EA that you were trading? here on forex factory or you purchased it \created yourself. in case could you share it here or give us the link? im curious. its ok if you cant, thanks
{quote} can i ask you where you found your martingale EA that you were trading? here on forex factory or you purchased it \created yourself. in case could you share it here or give us the link? im curious. its ok if you cant, thanks
Ignored
I will be able to give you details. I do not want to at this moment as I asked the developer to make some changes to it. I do not want people to trade it the way I stressed. As soon as he made the changes I will tell you. I first will test.
{quote} I will be able to give you details. I do not want to at this moment as I asked the developer to make some changes to it. I do not want people to trade it the way I stressed. As soon as he made the changes I will tell you. I first will test.
Ignored
Hi Lucky,
Just like luca, as I asked before, I'm also really interested in your previous EA. I was wondering if you could share more details.
{quote} I will be able to give you details. I do not want to at this moment as I asked the developer to make some changes to it. I do not want people to trade it the way I stressed. As soon as he made the changes I will tell you. I first will test.
{quote} Hi Lucky, Just like luca, as I asked before, I'm also really interested in your previous EA. I was wondering if you could share more details. Cheers
{quote} The Martingale I traded last year, could easily manage a move of 250 pips without retracement.(made 100% per month) But you can increase it to 600 pips without retracement. But your profit would be less. This is how you manage it. You switch it off before news. You close it early on Fridays. So it is all about probabilities. You can trade a MG successfully by managing the risk. But greed comes into play. If your risk appetite is lower, you can trade that EA for 10% profit per month. The problem is, I dont trade EA to make 10% per month....
Ignored
Also are you still working on (testing) QuinNomLiPosoTest v1.2.ex4 ? I keep thinking how to reduce risk with hedging and other strategies..
{quote} The Martingale I traded last year, could easily manage a move of 250 pips without retracement.(made 100% per month) But you can increase it to 600 pips without retracement. But your profit would be less. This is how you manage it. You switch it off before news. You close it early on Fridays. So it is all about probabilities. You can trade a MG successfully by managing the risk. But greed comes into play. If your risk appetite is lower, you can trade that EA for 10% profit per month. The problem is, I dont trade EA to make 10% per month....
Ignored
The martingale I'm using could sustain a 600 pip movement easily.
Just use a 1H or 4H chart. Winning trades can open as much as it wants. Losing trades needs to wait until 1H or 4H (candle opens) before it can open a subsequent trade.
Joan's EA can also sustain these moves easily. Problem is, I don't know the codes well enough to remove those bugs (not opening / not closing).
