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Use of martingale strategy

kennyhubbard (compuforexpamm)
Dec 22 2010 at 12:34
게시물265
Paul,

You could always just look at the difference between the balance and the equity.

Of course if you are trading multiple currencies and/or strategies, then by necessity you would have to sort through the various orders using OrderSelect in order to target the trades that should be closed.

Wealth Creation Through Technology
othergoods
Dec 23 2010 at 16:01
게시물21
I have spent over 12 months perfecting martingales to trade safer and better with lower Drawdowns.

Here then are my findings ...

It is all about time-frames, indicators, money management and MDD and ADD drawdown, real vs test, leave them alone !!!

a) Time-frames.
The higher (ie, trade using EA on 1 hour not 1 minute!!! ) the time-frame, the slower and safer it is and the lower the drawdown.
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b). Indicators.
If your indicator keep on re-loading every few seconds - it is missing a bit of code - dump it and use another !

No matter how pretty it looks #;-o)))

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c). Money Management.
I have built martingales that use only 3 extra levels,ie, 1,2,3,4.

These reduce your overall account drawdown and slow things down .

Note :- You can only use if your EA is quite accurate at picking the right direction.

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d). MDD and ADD (Max and Absolute)
It is vital that MDD be kept below 10% - if you are going to run multiple EAs on once account.

Absolute drawdown should preferably be about 25% of max drawdown.

Backtests of 2-3 months is sufficient to check this, but not to stop the big blowouts.

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e). Real trading vs testing.
Do not accept EAs on pairs that give 44% max drawdown, that way is madness I tell you !!!

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f). Leave Them Alone!
Do not - CLOSE EA TRADES IN PROFIT manually .
Do not - CLOSE EA TRADES IN LOSS manually.

EXCEPTION :- After you switch an EA on - run a test on it after 00.00am to introduce all of yesterdays figures to the backtest. The reason is that the EA cannot possible open a trade now at the right price if there was supposed to be one open before the thing was started up ( plus it needs to have right magic number) can it? If there was one and you choose to ignore it well that is your risk, plus future actual live results may not be the same as backtests ! I recommend closing the trade, stopping the EA, and test again tomorrow night (Tonight now) at 00.00am.

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I hope this helps,

Best Regards,

Tom.

PS. If you want to follow my crazy EA's results (Plus my own daft manual trading) as I dump yet another account kep an eye on this (It is not a pretty sight this week - my bad for watching James Bond's, Quantum of Solace, at 4am in the morning one day :))) (I found it mades me a bit gung ho !! - which was Baaad for my account and nearly wiped it out with my manual trades ) keep an eye on this account ... https://instaforex.com/pamm_monitoring.php?x=PQA&user=5004384

PPS. (All the DD in fiirst few days is my manual messing about - the EA will calm it all down over the next few weeks - albeit at 120 trades per day - and 2-5% profits per day :-)

PPPS. You need to ignore percentage profit - as I switched them on when first £11 arrived - but before the other 2 deposits - I have always tested with - live money - to destruction - so Icouldn't help myself - my bad DOH :))))))))

PPPS. Still I sorted it and the account survived and now I will watch and see, join me ...

PPPS. Sorry about Bill n Ted mssing about over there - I guess I am just a goof ball, lol ;)
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alameri_s
Feb 18 2011 at 06:56
게시물5
About martingale strategy it's risky and you will depend only on luck if the market jump suddenly for 100+ pips opposite of your order your account will be zero. i think the best strategy is scalping which is safe , risk controlled, and profitable for short and long term.

David (davidjellis)
Apr 08 2011 at 00:44
게시물17

nickster posted:
 of course no martin is safe from a massive steady drop with no retraces.


I have found out today that Gill Fielding is amending her Fielding Financial Robot (FFR) EA so that you can set the number of maximum strings the EA will start as part of the system settings...which effectively means that you can control the risk and can now actually prevent any drawdown losses, even though this is a Martingale system.

Of course if the number of strings hits your maximum, that chart will just sit there earning nothing until the currency pairing bounces back again and you eventually close out a profit, but it does protect you from losing all your momey (or indeed can stop you losing ANY of it) and the only down side I can see is a reduction in profits on a temporary basis.

Sounds like the perfect was to trade Martingale...what do you think?

T1FX (t1fx)
May 04 2011 at 02:13
게시물23
Hi there,

unmanaged martingale is certainly a time bomb waiting to explode.

however, the good side of martingale could be exploided with caution. In my humble opinion, to use martingale successfully, we must first know how to trade, then we shall use martingale as semi manual trading mode. Never let martingale handle the trade fully and pray for it to pass.

I use martingale for years in trading live, imposing a feasible % gain (15% - 25% a month) and take over manually if margin hit certain threshold (-5%-10%) will certain prevent the account from overtraded and margin call.

martingale strategy usually blow the account of users that over abuse it and leave the trade fully auto on martingale utulising all the available margin. If you put good money management to it, this can be a really great trading method.

T1FX, Making Money Is Automatic
Wallace
May 04 2011 at 10:10
게시물86

t1fx posted:
    Hi there,

unmanaged martingale is certainly a time bomb waiting to explode.

however, the good side of martingale could be exploided with caution. In my humble opinion, to use martingale successfully, we must first know how to trade, then we shall use martingale as semi manual trading mode. Never let martingale handle the trade fully and pray for it to pass.

I use martingale for years in trading live, imposing a feasible % gain (15% - 25% a month) and take over manually if margin hit certain threshold (-5%-10%) will certain prevent the account from overtraded and margin call.

martingale strategy usually blow the account of users that over abuse it and leave the trade fully auto on martingale utulising all the available margin. If you put good money management to it, this can be a really great trading method.


I totally agree with you....

Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Casey Lim (bestforexea)
May 05 2011 at 02:33
게시물75

t1fx posted:
    Hi there,

unmanaged martingale is certainly a time bomb waiting to explode.

however, the good side of martingale could be exploided with caution. In my humble opinion, to use martingale successfully, we must first know how to trade, then we shall use martingale as semi manual trading mode. Never let martingale handle the trade fully and pray for it to pass.

I use martingale for years in trading live, imposing a feasible % gain (15% - 25% a month) and take over manually if margin hit certain threshold (-5%-10%) will certain prevent the account from overtraded and margin call.

martingale strategy usually blow the account of users that over abuse it and leave the trade fully auto on martingale utulising all the available margin. If you put good money management to it, this can be a really great trading method.


Just what I wanted to hear to continue my pursuit...

T1FX (t1fx)
May 05 2011 at 03:23
게시물23
Perhaps you can try to treat martingale as a global technique - means you close out and stop trading once it hits your desire percentage of gain for the month.

You may try the followings for your martingale adventure:

1. Set a monthly % target. Once hit, stop all and have a break. Come back next trading month. Don't fall prey to GREED. Be happy with the gain, and come back for more next month.

2. Initial martingale lot size only increase every 200% gain. If you use 0.01 with $1000.00, only use 0.02 when your deposit increased to $3000.00. This way u can protect your margin and run martingale at ease, so that you do not expose your margin to the same level of risk as beginning. Never use MM with martingale, e.g. $1000.00 use 0.01, $2000.00 use 0.02...etc.. Thus the longer my account on this strategy, the lower the risk it became.

The above works well for me so far. Before I implement this I always blew my account with martingale..haha... I guess it's a learning curve.


T1FX, Making Money Is Automatic
othergoods
Sep 06 2012 at 15:48
게시물21
Hi again,

well some time has passed, still keeping on trying on new ideals, and on reading back, seems that a) at least one person here HAD cracked the martingale problem and b) someone appears to have ran with at least one of my crazy ideals and found that I was RIGHT . . ie, that by restricting levels you stop it simply blowing up your account.

Well things have moved on, many mini accounts later, and reading back here, I see I missed something else, but discovered this on my own ... Here is the scene ...

My 4-8 months backtests of my 'adapted martingale' had max drawdown of 15-18%.

Well, adding one other ideal reduced MAX DRAWDOWN to 3% !!!!!!!!!!!!!!!!

Ok, you say, and ...

AND INCREASED NUMBER OF TRADES AND PROFITS BY 2 TIMES !!!!!!!!!!!!!!!!!!!!!!!!!!

Now I have looked at a 3 level martingale, but that sticking it to often, a 4 or 5 level one, with just about the best indicators I ever found, means it's very smooth, makes about 50% profit and has 3% drawdown - not even close to busting an account.

I tend to trade EURUSD, USDCHF AUDUSD and GBPUSD at the same time.

I discovered a few other interesting things that helped along the way ( Not that I have said what helped me above - it was mentioned on this thread - not that I listened to it ) .. maybe I should make a list haha...

1). Keep account size the same each day/week.
2). Force the EA to only use part of your account balance. ie 25%
3). Use only as a small part of your overall strategy.
4). Use copier to feed trades to your main account.
5). restrict levels to 4 or 5.
6). Use the best indicators you can find ( ie ones that work on a SINGLE TRADE EA - yes I built on that has 100% profits, works quite well on the martingale EA as well :)
7). Keep multiplier at 1.5X max, do not increase this.
8). Use a LIVE $25 mini account to test. (Sorry , your going to blow this dozens of times, so why waste to much haha)
9). Be ruthlesss - if an EA shows it 'would have' blown your account - IT WOULD HAVE AND STILL WILL - dump it for that pair - it failed.
10). You need to trade on short time frame - but also be right about the longer time frame - ie 4 hrs or daily.
11). Expect to blow many accounts - it's a game.
12). Do not use orders to open the initial trades - open the actual trades using your indicators.
13). The bit I missed, which is mentioned on this thread is .. do not open new trades on a Friday. (Ah bet you feel happier that you didn't have to read all our stuff agin n try to decypher it haha. I would add to this, but as with all humans, once we get the scent, we are off n running. (Tip, don't bother restricting by news, in midle of the day etc - that has no real effect and actually stops a lot of trades - news triggers the trades due to the price moves ya know.

A FEW BONUSES TO HELP YOU CRAZY MARTINGALER YOU HAHA ....

14). Ok, so your getting the ideal, but I though I would give you a bonus ... try it on INSTAFOREX, using 3 pips spread (yuk), but after joining via GETFOREXREBATES.COM, as you get get 1.5 pips back in a few days.
15). You can copy trade at instaforex - copy your own - I do :)

16). And finally ( for now ) ... Try making no profit .. I will repeat that in the form of a question ... WHY ARE YOU TRYING TO MAKE A PROFIT ?????? I try to make PIPS instead ... profits are for dummies .. try making MINUS 0.5 pip each trade .. then see how it does ...



Waaaaaaaaaaaaaaaaaaaa Hhhhhhhhhhhhhhhaaaa aaaaaaaaaaahaaaaahaahahaahahahahahahahaha

Ltrs

othergoods
Sep 06 2012 at 16:16
게시물21
Ok,, so after a cup of Tea, I thought of a few other things that 'helped me' along the way..

16). Set your copier at whatever size of funds you want to risk on the strategy. ie 10 times for $1000. ( Yes, I set up 'feeder' account with $100, not $25, as I am using using 4 currency pairs and restricting them to 25% of the funds, so they use $25 each and so 10 times would need $250 per pair, or $1000.
17). Do not be tempted to increase by more to increase profits, it defeats th whole purpose of restricting and deciding on a certain amount of funds.
18). Instaforex promise to faithfully 'duplicate' your trades exactly, so there is no 'slip' when copying, this is very important, as they can restrict your feed when they detect your account is using larger lot sizes, in other words your feed starts to look strnage, with small tails you know.

Ok, so they are just helping you get the ideal, for when your ea actually does the business or should do, haha.

There are a few more another important consideratiosn to take into account, which I will now mention ...

19). Set your computer date to tomorrow. ( You can test up to the minute !! This is VITAL, and very important and supercedes my point made in my previous post about testing at midnight , the 00.00 bit, in case you didn't get that part).

The reason this is important is because of my last tip, which, as astonishingy simple and obvious as it is, most people miss, or werfe 'missled' about ...

20). BACKTEST RESULTS SHOULD MIRROR ( ie, be IDENTICAL to ) LIVE TRADES.
Sounds simply huh, but also will set up a kind of loop in your head if you not careful, as you have been told, constantly 'backtests' are different to live trading, they cannot be the same, blah blah blah .. THAT IS A LIE !!!

I will repeat the instruction, more clearly, so you know exactly what I am referring to ...

IF YOUR ROBOT OPENS A TRADE AT A CERTAIN PRICE AND A CERTAIN TIME - YOUR BACKTEST MUST OPEN THE SAME TRADE FOR THE SAME PRICE AT THE SAME TIME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Ok, within a pip)

If your backtests do NOT correspond to live trading - dump your EA - it's rubbish and will never work.

21). It is only by constantly checking and running ACCURATE backtests that completely agree with your live trades ( on a live account) that you will master any EA. Anything else it just plain horse shit.

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