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Martingale/averaging expert advisors

Fernando Vicentini (infpro)
Aug 28 2016 at 06:27
2 posts
Hi @Woody12 and others in this discussion.

I know that my account can blow anytime, and I'm prepared for it in my EA and the whole strategy that I use, hoping that my profits should be greater then my loss that certainly I'll have.

But what kind of strategy (or example of EA) do you guys recomend instead of martingale?



Menalee (moving broker) (menalee)
Aug 28 2016 at 06:34
5 posts
martingale only works when price is in range , when it brake the range it will brake the account .i wrote my own martingale EA even with trade after -100,-200,-400 pip my account was blown when pair made 1000+ pip move

in order to succeed we sould have unlimited Fund and broker should not have lot limitation :)

ForexScotty
FXScotty
Aug 28 2016 at 06:55
93 posts
I use RSI and Trending manual trading strategy with Averaging Down Grid Recovery. 20-30% Maximum Risk of Account Equity.

4 Grid levels with increasing lot size of 1.7 times the lot size of initial order.

10-30 Trades per day depending on pair price movement.

.01 Base Lot size per $300 of account balance (1-500 Leverage)

The trick in using any averaging down (Martingale) strategy is knowing when NOT to enter trades. I use multiple indicators that have found on Forex Factory. Many thanks to those developers.

Zeus_FX
Aug 28 2016 at 06:57
24 posts
I too am running a mari-grid hybrid. It's running now on a demo for a few months and doing pretty well in some tough conditions. The settings are a little aggressive because I wanted to see what it had to offer. But even still it was relatively good in a heavy DD. It also has a built in equity protection which is great because it can be set to a percentage and it will protect the account.

Check it out and keep an eye on it. I hope to start managing account with it :-)

Zeus_FX
Aug 28 2016 at 06:59
24 posts
I too am using a marti-grid hybrid system. I am running it on a demo for now to test the waters. Mine went through the crazy brexit waters and came out pretry good. It has a stop out percentage stop out to prevent blown account and in 3 months so far, havent reached it. The settings im running now are a little more aggressive that i would use on a live account. On a live account, i'd use settings to just try and acheive 5-10% a month.

I hoping to manage some accounts with this system soon :-)

Keep an eye on this one!

Zeus_FX
Aug 28 2016 at 06:59
24 posts
Oops thought the first one didn't come thru bc I'm using my fone. Sorry for the double post guys!

CS Software
forex_trader_[350575]
Aug 28 2016 at 08:32
8 posts
Since last year in mars i think, as i now going to join a rebate program i had to open a new fresh account with my broker through the rebate provider so therefore my old account now closed and all funds redrawn so i have no proof anymore. But i tell you that my bot works, it's has to be configured to not take to high risks....small profits will in the long run turn into bigger ones. Better safe then sorry :)
infpro posted:
Hi @kenpar. Just like you, I also wrote my own martingale EA, I'm using it in cent accounts, and i prefer safety instead great (and fast) profits. But I started in the forex market a few months ago, so I have a little experience with it. How long have you using succesfully your strategy?

Magixs (Magiic)
Aug 28 2016 at 08:58
435 posts
menalee posted:
martingale only works when price is in range , when it brake the range it will brake the account .i wrote my own martingale EA even with trade after -100,-200,-400 pip my account was blown when pair made 1000+ pip move

in order to succeed we sould have unlimited Fund and broker should not have lot limitation :)


Martingale doesn't have to grid at a specific space against the price, it can also be used to go in the trend direction, which a 1000 pip move would do it quite nicely.

ForexScotty
FXScotty
Aug 29 2016 at 06:10
93 posts
Magiic posted:
menalee posted:
martingale only works when price is in range , when it brake the range it will brake the account .i wrote my own martingale EA even with trade after -100,-200,-400 pip my account was blown when pair made 1000+ pip move

in order to succeed we sould have unlimited Fund and broker should not have lot limitation :)


Martingale doesn't have to grid at a specific space against the price, it can also be used to go in the trend direction, which a 1000 pip move would do it quite nicely.


Seen that happen over and over. But if can pick times when the current range is within your grid pattern and add a basket stop loss, you may be able to limit losses to become rare occurrences that are offset by weeks of constant gains.

Magixs (Magiic)
Aug 31 2016 at 06:46
435 posts
GiGio78 posted:
I think the most important in the martingale is no use in news


It entirely depends on the strategy behind it.

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