Thread: Martingale EA
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Old 02-29-2008, 08:12 AM
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kayvan kayvan is offline
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Quote:
Originally Posted by wolfe View Post
Kayvan,

We'll get it. I realize you have already stated your additional ideas for this EA in various posts. I need a favor from you. Please post again ALL your ideas in one place, so I can wrap my head around them, and try to incorporate them into the EA for testing. Thanks!


Wolfe, as you and all other that knows something about how to must act an martingale ea ,know, till now this ea that you made, is the best one .

but there is a problem (a big one that all the martingale experts have) .that is their progression when goes so far . but market don`t go as so far as they expect to go .

take a close look at this , Wolfe ... let`s say we are in level 7 . it`s mean we begun with 0.1 and now we are going to have our 6.4 lot size order .

while there was no such a movement in market . why we went so far ? it is not logical , in my thought ,and in this case ,if our positions were against the trend ,it is a really gambling play , and, as every body knows there is no

win for gambling players at all. most funny , when our first order goes so far in profit, but with 0.1 lot size, in this case we let it go , say 50 pips , with 0.1 we don`t do anything , but at the end of the market movement , we begin to add to our order lot sizes .in my opinion this is not logical . OK ,our ea dose not trade against the trend . that is very good . so we are not gambling . but we need a large amount of money , to can be able ,to carry these levels to come out with no lose .

what is the solutions : first of all , it seems ,using an indicator based on price actions , will solve the problem . but as you know, an indicator also needs to be filter . but anyway it will reduce the false orders .

the second solution and best solution(in my thought) for this problem is , let the market determine for our lot sizes increment . how ? if the market wants to go 50 pips above or below the previous candle, OK let it go but not with 0.1 lot size position , in this case market tell us we need 50 order with 0.1 lot size . it means we must release 50 order, in every pip movement in it`s direction ,above or below the previous bar.( or every 2 or 3 or....pip market movement depends on trader risk able ) .

that was all i meant . in case of any questions , i can explain it on a chart.

Last edited by kayvan; 02-29-2008 at 06:22 PM.
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