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Use of martingale strategy

othergoods
Sep 06 2012 at 16:20
21 комментариев
And yes .. a lot of this advice .. should apply to any EA you are building or testing ... and yes .. if you buy an EA and if performs abismally in backtests .. well guess what .. THATS HOW IT PERFORMS .. in other works .. if the backtests show losses .. so will your forward trades ...

HINT . One of the reasons FAPTURBO does well, is that they restrict the days of trading, I do not condon overally restricting during building and testing, but once you know it works, give yourself a breather .. take Friday off ok haha.

othergoods
Sep 07 2012 at 11:07
21 комментариев
OK.... so I will put a bit of my money where my mouth is, so to speak ( for want of a better expression ) and have openned a new account and started trading it today ( Friday ) with 10 graphs running with 5 different versions, so about 2 on each.

I am currently working on the one that makes 80 pips profits on one level - it should be a biggie haha.

Here's the link to my copier account ...
https://cabinet.instaforex.com/client/forexcopy/?q=monitoring_user&uid=2117996

Sorry if you do not have a free account there, takes a few seconds ti open one.

To show you I really don't care and am not trying to get anyone to a) join under me or b) [heaven forbid] copy me, here is a link to that REBATES site [1.5 pips per trade] ..

..... GET FOREX REBATES HERE !!!!!!!!!!
.....
       https://www.getforexrebate.com/register.php

Use the link there on that page to join Instaforex [ hold CTRL down and click to open a new window - it's so irritating when people do not code in '_Blank' into their simple HTML ] and then come back to that page ( you have the link so why worry if you do click it an dlose the rebates page - come back after joining - just remember your name haha ) and fill in their simple form.

TIP 1. make sure you add phone number in this style at Instaforex ---> +443049583059830
TIP2 . and use the normal style of complete number at the rebates site ( link above ).

Ok, thats it for me for today, apart from saying I will be back, with some results in about a week, ok next weekend if I can make it.

Ltr Dudes n Dudettes.

othergoods
Sep 07 2012 at 11:18
21 комментариев
Ok, here are the first few trades - that have openned and closed .. since started typing thie above comment ( just the one above mentioning I was opening a new account for these) ..


Ticket Open Time Type Size Item Price S / L T / P Close Time Price Profit
1124377352 07/09/12 13:53 buy 0.05 usdchf 0.9572 0.9071 0.9594 07/09/12 13:56 0.9572 0
1124377360 07/09/12 13:53 buy 0.02 usdchf 0.9572 0.9071 0.9594 07/09/12 13:56 0.9572 0
1124372533 07/09/12 13:40 buy 0.05 usdchf 0.9574 0.9073 0.9596 07/09/12 13:50 0.9574 0
1124372560 07/09/12 13:40 buy 0.02 usdchf 0.9574 0.9073 0.9596 07/09/12 13:50 0.9575 0.02

14 pips X 1.5 = $0.21
trade profiit $0.02
overall profit $0.23

Now that did not take to long at all, although I must confess, haha, one new trade in same currency pair is still open with 7-10 pip loss ( no, no 2nd trade yet - it's umm .. cogitating haha ;)


The reason for the 2 identical trades opening is one tries to make a little more than the other - well if you look it did, I did mention this kind of thing, but not what I had done about it .. now you can see it in action haha.. [ No, this does not mean all trades are opened at same time, during course of day their different profit profiles cause them to diverge, with one maybe closing on 1st level and other one getting in a little trouble - follow this and you will see it in action ]

I should also mention that this is not a $0.01 starting size, I forgot to mention that the EAs open DIFFERENT START SIZES .. some are bigger starts than others, although I have halved them recently and halved the amount of the account they are each allowed to use .. me being cautioius .. whatever next lol ;)

[ Account is just over $100 start size, mini account, 0.01 lots = $0.01 ]

Remember - this will probably BUST this account soon ok . use this for securing bonuses, earning high commissions, filling insta wallet with profits .. adding funds to other accounts, etc, but not for long term ..

A point here --- you can actually see and monitor my live trades on that account there, do not please try to trade off it, sign up as a follower and pay your small dues if you want to copy me - if your crazy enough, but the 100s of trades daily and the 1000s of revisions and decisions is beyond belief and not to be played at ok. Thanks for listening, I hope this gives you pause for thought, plus maybe a few ideals, perhaps even a few profits for you, well at least for a few weeks before it all goes sky high haha.

tacticalfxtrades
Sep 07 2012 at 17:45
1 комментариев
I've been trading a martingale strategy since January and up over 150% return. The key is not letting your account be in a position to blow up. How do you do this?

1. Your EA or other system has to have a MAX Buy/Sell orders and once it hits that it doesn't open another trade.
2. Put a stoploss on each trade just in case the perfect storm arises. Calculate your total risk if you opened every trade and every trade hit your stoploss, then adjust it so you're comfortable with the blow if it happens.
3. Know the pair or pairs that you trade and what moves them. I find out the average daily range of the pair I'm trading and I make sure I can ride out 3-4 days, i.e. if the ADR is 100 pips, then I make sure my martingale system can keep opening up trades 300-400 pips away from the starting trade.
4. Don't get greedy, you'll make plenty. I have a $17,000 account and my starting trade is .02 lots. Keep it small.

You can check out my performance at https://www.signaltrader.com/trading-rooms/tacticalfx

Good luck!

okehiedon
Sep 07 2012 at 20:40
2 комментариев
tacticalfxtrades posted:
I've been trading a martingale strategy since January and up over 150% return. The key is not letting your account be in a position to blow up. How do you do this?

1. Your EA or other system has to have a MAX Buy/Sell orders and once it hits that it doesn't open another trade.
2. Put a stoploss on each trade just in case the perfect storm arises. Calculate your total risk if you opened every trade and every trade hit your stoploss, then adjust it so you're comfortable with the blow if it happens.
3. Know the pair or pairs that you trade and what moves them. I find out the average daily range of the pair I'm trading and I make sure I can ride out 3-4 days, i.e. if the ADR is 100 pips, then I make sure my martingale system can keep opening up trades 300-400 pips away from the starting trade.
4. Don't get greedy, you'll make plenty. I have a $17,000 account and my starting trade is .02 lots. Keep it small.

You can check out my performance at https://www.signaltrader.com/trading-rooms/tacticalfx

Good luck!


Nice performance. Could you please explain the mart strat you are using?

othergoods
Sep 07 2012 at 22:10
21 комментариев
tacticalfxtrades posted:
I've been trading a martingale strategy since January and up over 150% return. The key is not letting your account be in a position to blow up. How do you do this?

1. Your EA or other system has to have a MAX Buy/Sell orders and once it hits that it doesn't open another trade.
2. Put a stoploss on each trade just in case the perfect storm arises. Calculate your total risk if you opened every trade and every trade hit your stoploss, then adjust it so you're comfortable with the blow if it happens.
3. Know the pair or pairs that you trade and what moves them. I find out the average daily range of the pair I'm trading and I make sure I can ride out 3-4 days, i.e. if the ADR is 100 pips, then I make sure my martingale system can keep opening up trades 300-400 pips away from the starting trade.
4. Don't get greedy, you'll make plenty. I have a $17,000 account and my starting trade is .02 lots. Keep it small.

You can check out my performance at https://www.signaltrader.com/trading-rooms/tacticalfx

Good luck!


Nice results.

I see that you trade one pair, you use 20 cents [0.02 lots] starting lot size , on a $10,000 account, with 25-45 pips(approx) between each new level.

To compare:-

- I am using 4 pairs, with each able to open 2-3 separate trades, starting lot size, if my account was $10,000, would be $2.00 to $5.00 per pip.

- The EAs can open 4-5 levels (depending on currency pair and tactic used).

- I do not use a set open amount of pips and my orders to do sit there waiting for the price - they chase it.

I am not certain at the present levels that the small account I am testing on ( I have to test live ok - the main difference is I am talking here ) will survive, it's not the strategy, or the EAs, which are great, it's the speed I have set them at.

I guess you could say I am pushing the boundaries here .. so if this account fails .. I will reduce and try again.

I constantly check each robot strategy by pair individually to make sure that they would have survive and do remain within parameters, if they had traded on their own, of course they all get lumped in together as I am testing multiple EAs live and looking for the best returns.

Returns for me means pips traded as much as monetary profits.

The thing that is vital and far more important to me than the small amounts I am testing, is that I need to know that they are still cope with conditions in each pair.

othergoods
Sep 07 2012 at 23:45
21 комментариев
OK, so one of the things I am most determined to emphasise {constantly - I know :) }, is that this is a test, this is not a serious attempt to 'make money' today ok.

Bearing this in mind, after starting these tests today, during backtesting tonight I noticed a couple of quite serious differences in todays trades and tests, firstly due to funds coming in in a couple of parts, so trade start sizes wre to small and secondly as the EA should not have openned the trade at all as it was Friday.

I am pleased to say that if funds had arrived these trades would have all closed, albiet with 12-20% depending on whether I ahd used 4 or 5 levels.

With my codes corrected maz drawdown would be 3.79%, so although I could leave this version running, I am going to reset and start on a new account from Monday, which I will post here once I have it up and running.

As the trades stand, they missed a number of opportunities, either not to be there at all, or to have closed, some hours earlier at 13.45 and other versions just before market closed ( at about 22.30pm according to server time).

SO WE RESET AND GO AGAIN NEXT WEEK ..


othergoods
Sep 08 2012 at 00:13
21 комментариев
Ok, so the tests on GBPUSD are coming in as follows ..

On a $100 account ... Profit $11.7%, Trades =101, Max Drawdown = 3.79%, Max Levels Used = 4 (Allowed 5 ), start lots = $0-.02

On a $25 account, drawdown comes out around 6%, as it is simply not possible to make the starting trade size smaller than $0.01.


othergoods
Sep 08 2012 at 00:14
21 комментариев
So this looks like a 4 level only martingale over the short term, the 5th level is for that one time when market waves get bigger.

Although on the surface my system appears dangerous, it really has been developed to be as quick and as safe as possible, I have tried to make ti a) not open trades and b) close them as soon as possible, it's more an acknowledgement that I am not in control of the market, that in fact even though the indicators say to trade that it can change, due to the elliot wave nature of the forex market this strategy works, sure it is called a martingale, sure it opens a few levels, but it is not what people normally think of as a full blown martingale strategy, it is designed to not eat up accounts, it is designed to allow you to ride out waves or not even be in the market.

Now I will test my other pairs and robots and see how their coping with the revisions I am making now...

It's a real work in progress here :)

othergoods
Sep 10 2012 at 06:21
21 комментариев
So, well after worrying over the weekend, I left my account alone and the trade closed, even though the Frdiay trades should a) not have opened, at all if my coding to restrict it was in the right place and b) backtests confirmed that it would have closed if funds were in place at time trades opened.

That said, there WAS a good reaon for leaving my account at risk, I attach a screenshot ( if I can here) few of my charts to show why analuyses revealed at turning point on Friday that meant my type of robots would be able to successfully close this morning...

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