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I am eventually profitable after close to two years of trading. Kindly help me create the EA, and I will be willing to split the settings of the machine.
The system has very little consistent gains, but it is stable. It is a grid martingale egy. Even patience and large funding is necessary. This system might not be suitable for some traders.
Please send me a private message if you are a good coder and are interested. Thank you.
Research show that adding in a situation it is more profitable
simply because you input with small amount and you increase
once the market moves in your favor
All large finance associations utilizing algorithms because they trading
since if your system is profitable so balancing its exactly what it matters
Okay mine can also be martingale egy...
All I want is a system which opens a trade with a SL and TP equally at 5pips...
And obviously when the trade has been dropped, a direct trade in precisely the same direction with dual the lot. But here is exactly what I want additional, I only want the EA to begin trading when it would have lost 5trades in a row. So I want the EA to keep track of pips in each direction and as soon as it would have lost 5 trades then only start trading. In case it will help, my broker's spread is 1.1pips. So each lost trade implies that the price would have gone 3.9pips at the”wrong” path for you to eliminate the trade. Also I want the initial lot to be 0.01 (I will change it myself later on) and I only want it to double the lot 10 occasions...
simply to give you an example, if I would have made only buy trades one after another and then lose 5 consecutive trades, I want the EA to put the very first buy trade in, if the trade won - wait till the next 5 successive losses would have happened then exchange again. If trade was lost - buy immediately again with dual lots before won or till all 10 trades have been used... Along with market trades...
It'd be much appreciated if you can code this EA for me .
Due
Dan
HelloOriginally Posted by ;
an extremely valid egy I would say. Worth to be put into an EA.
With respect, I disagree. This is why:
If price moves 19.5 (= 5 x 3.9) pips in 1 direction, the EA places a trade, size 0.01 lots, expecting a reversal. If price now moves a further 39 (= 10 x 3.9) pips in that direction, with no 6.1 pip (i.e. 5 pip spread) alteration along the way, the 10 consecutive losses now mean the account is now down 10.23 lots x 5 pips x $10 per pip = $511.50, and it'll require 1,023 consecutive wins of 50 pennies (i.e. 0.01 lots x 5 pips x $10 per pip) only to return to breakeven.
Even if I've misunderstood the details of Dan's egy, martingale is always a guaranteed loser, even if you play with it for long . If it had been possible to acquire with martingale, the big banks and funds could utilize it.
We program and reevaluate what ever you like
optimisation on solid rear test data not metaquotes
data based on your banks more than 90% in modeling rear testing
I say that its a nice egy to trade manually than creating an EA and losing your pocket.
The only automation I am hoping of are Take Profit and Stop loss settings in a trading account.
I am convinced that large banks are utilizing martingale. Why not they? They have the cash to get it done. Take the GBPUSD. Put martingale orders 20 pips apart. With deep pockets ( such as banks) it would be difficult to wash out a significant account.
If you place reverse martingale along with your normal martingale trades you can't go wrong. You simply take profit in the direction of the market. You are always fully hedged. You simply take profit at major R/S with the Dollar martingale( direction of tendency ) and just a small pullback at that R/S will provide you breakeven with all the martingale trades.
Somewhere someone is having success with martingale.
The market ALWAYS gives at least that 20 pip pullback on major R/S.
Big banks can afford to martingale! And I am sure they do it.
I concur. My summary of 's method is that it is just another spin on martingaling. When you have unlimited funds then you have no money risk, just time risk.
What hard evidence do you have to support your claim? Have you worked as a significant bank trader, or do you know somebody who has?
IMO all the obvious evidence is contrary to banks using martingale established MM. Since if martingale delivered long-term profit within the frame of what constitutes valid corporate risk, they would have no need to apply analysts, egists, traders, and so forth. They could only run automated systems that just double up every 20 (or anything ) pips, just like you are describing.
It's not a question of having deep pockets, it is roughly percent ROE. Sure, if I have something in the ballpark of a billion dollars, and commerce microlots, then my account could survive a excellent many losing doubles, but the return on my investment is going to be utterly negligible.
If by hedging, you imply putting buy and sell orders simultaneously in precisely the exact same pair, then that in itself isn't a egy, because such a hedge could be replied pip-for-pip simply by adding , or subtracting from, one net position.
This brings us to another reason why savvy traders do not martingale. They know that it is rather easy to show mathematically that MM in itself may not provide an advantage.
If your idea of combining martingale with inverse martingale can't go wrong, then why doesn't everyone use it? It would be readily enough to implement it.
You say Somewhere somebody is having success with martingale. Of course they are. In reality everybody who uses it's ensured success, because Martingale's built-in retrieval system makes certain that the account will constantly go back to breakeven 1, no matter what technical (or otherwise) egy is being used,.... In other words, before the chain of trades happens that rapidly and suddenly causes irretrievable drawdown.
You say that the market ALWAYS gives at least that 20 pip pullback on major R/S. My friend, NOTHING is ensured with the markets. It only takes one very big order, or black swan-type occasion, to defeat even the'very best' technical egy. Sorry to seem condescending, but if you exchange for long enough, then you will come to understand this. And martingale-type systems, with their complete disregard for any type of risk management, would be the most vulnerable to such kind of events.
Do not get me wrong. It is extremely possible to make money long duration in FX. A very handsome, exponentially growing earnings. But that may come only from having a true advantage; sound, conservative MM; and consistent execution.
Re martingale, I would be DELIGHTED to be proved wrong. Prove me a mechanical system that delivers fairly consistent profit (and at least 50% ROE annually) without a risk, and I'll happily pay $100k for it. I'm not joking. However, of course I would want to learn a lot about the system , and see an audited history over several hundred transactions, and lots of years of changing markets. And also a more track record if the MM involves some type of martingale, because of the high statistical error involved in attempting to gauge the likelihood of extremely rare events occurring.
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