Yes, 8% is little, but if the money owner is looking to the DD in $$$ but not in %%%, he will think differently specially in the big accounts. I can't rememebr how was the margin is, but it is still can handle more levels. I mean 25 pips/4 digits or 250pips/5 digits ... anway, the EA do that auto.
oshaban posted: Yes, 8% is little, but if the money owner is looking to the DD in $$$ but not in %%%, he will think differently specially in the big accounts. I can't rememebr how was the margin is, but it is still can handle more levels. I mean 25 pips/4 digits or 250pips/5 digits ... anway, the EA do that auto.
Does your EA do calculations for long's and short together or are they sepaated and your taking a total accumulated?
God ... How you are sure this code is yours? I'm doing my own code ... doing c/c++ since 16 years ago and mql4 since 8 years ago. If you already did such an idea, that doesn't mean other people can't think like yours! I can show you a part of the code if you like. It is not de-compiled one ... at the same time, you may show me a part of yours ...
Aslo, would you please tell me how you calculate target profit in your EA?
That was few years ago ... after few months, I got few emails for marketing an EA called BBS system ... I never tell them this system is mine because I'm not sure about if the system is a copy of mine or not.
Anyway, about my EA, the main idea was belongs to a nice guy from Hungary who asked me to code it to him (paid). The full rights of the original idea is kept to him as long as no changes are done to it.
I developed it and make it work in 2 directions instead of one with minor changes, so, the new version will transfer the last version copyright to me and I sent him a free copy of the new version as I used to all my clients about developing their ideas.
Hi, I am a Martingale trader and have learned from failure that being patient and using many, but small orders is the correct and profitable way to trade such systems. My set up is actually a well-known EA that I use in Demo mode to generate 1X,1X,1X,3X,6X,9X,15X,21X,etc, sized orders as necessary in the counter-trend. I am not a programmer but I have have found a way to throw away all 1X orders - treated as 'noise'. Even though some 1X may actually be profitable, I find that too may 1X orders can cause unnecessarily large drawdown (DD). History shows after 1000 trades or so, is either a loss, or balance to Zero $. So, I just throw them away. I filter out and keep only 3X and larger or even 6X and larger orders for Live trade. There will be 90% fewer orders and much less DD (and way less profit for Broker! ;))
Osama, do you have any comments?
Also, I would like to try out your EA. Please let me know some more details, settings, requirements, etc., and how to pay you.
Your idea is interesting. Logically (or actually, mathematically), first 1x, 1x, and 1x will lead to less profit that will compensated many times with next rounds if not closed on profit. Also, using such series is less risky than using factors belongs to linear equation.
You said, 'I filter out and keep only 3x and larger ...' ... I don't understand exactly what you mean by that !.
We can talk on private mail if you want to proceed to buy a copy and also, I offer you to merge your martingale system into mine and receive your copy as a bonus.
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