Quote:
Originally Posted by ajk
wolfe, your a great coder.... (but having worked on martingales long enough to know better is that most of em act nuts).. I guess before you go code nuts, I would say my question to you or anyone viewing is why are you interested in martingales? Are you trying to double up because you were wrong the first time or right the first time and didnt put enough on the trade? I am not asking anyone on the thread negatively.-- just coming from someone who has been in this business awhile--- What is your philosophy of the build? Typically, in any trading are you wrong 10-15 times straight and blow the account? --- you will be if your going against a major move on a 10 martingale Therefore, I believe this should be a major part of the programming. Kayvan, is saying indicators now.. but thats a little late on this type of ea as programming would have to restart and is likely not really even doable from a programming standpoint in martingales. but the second solution is even more challenging. --- open another order in the middle of a candle if it goes in your direction but also martingale at the end of a candle? I read it as,,,guess and hope it gets there. No offence , to Kayvan. He is trading manually and the screen looks too easy and alot of things make sense. ITs not the same in ea land.
"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 ) . "..
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ajk,
To answer your question, I don't know why I'm interested in martingale systems. This whole EA started with a PM I received requesting an EA of this type. If I remember correctly, I told the person requesting the EA that I had been down the martingale road before, and had decided it was a losing battle.
Needless to say, I tried to code the system anyway. I wanted to "give back" to the community that I had learned so much from. The rest is history, this thread generated a lot of interest, and a lot of great ideas. All the ideas presented have made me really stretch my coding abilities, and I have increased my trading and coding knowledge because of all the great contributions. The EA as it stands now, is 10 times the EA, and 10 times more complex than the original program. I feel it shows promise, but still needs a lot of testing.
Why increase on the next trade? I don't know, I guess because the first trade went sour, and we gotta dig it out of the hole. I don't have a better explanation than that.
Do you have a better idea? I'm always listening.
