Hi everybody,
I have just known about forex-tsd.com for the last few days.
I received a website telling abt their Martingale EA which has very good trading ideas, and I think it can help all of us to improve our Martingale EA.
Quote:
http://www.forexcashtools.com/fxfile...ULTIMATE_D.ex4
Trading ideas: GoldenGoose ULTIMATE 5.11x now incorporates the World First CONDITIONAL Martingale!!
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GOLDENGOOSE 5.11x REPLACES ALL PREVIOUS VERSIONS!! - PLEASE UPDATE YOUR SYSTEM
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When I redesigned the original GoldenGoose from a pure Martingale to a Predictive System I made it my goal to create a system that could predict market direction and make the correct account wager and in large part I succeeded. Since 5.08 the predictive system has been almost psychic in determining the correct market direction.
THE ONLY WEAKNESS has been the pure randomness of the markets. In my testing (and I'm sure you've seen it also) the Goose picks the correct direction but a random spike would cause the system to cash out to prevent further loss. Grrrrr!!!! I'd rather it picked the wrong direction if it was going to end up bailing out.
It would make me sick to pick the correct direction and end up closing the trade with a loss that would have eventually been profitable. Of course its better to be safe than sorry but when I see a 80%+ correct direction result in a losing trade it sucks.
This version will try to recover that trade if it detects that the trend is still going our way. It will operate in mini-martingale mode and open a new trade thats 150% larger than the closed one as long as the trend is going in the predicted direction.
Example: we enter a 1.0 Lot BUY trade at 100 expecting the price to rise. as the price rises some guy at a large bank decides thats its time to dump his losing SELL trade. The market dips to 80 for a second and cashes us out with a 20 point loss (assuming a 20 point virtual stoploss) - Instead of just eating the 20 points the program will close our original 1.0 lot trade and open a new 1.5 lot trade at 80 as long as we detect the trend is still going our way. SWEET!!
Thanks to the banker we actually have a better position for our buy position. Instead of waiting until 101 to make a profit we now start profiting at 81. Which is probably a better position for our trade. Since the GoldenGoose naturally wins more than it loses thanks to the predictive engine this new option will allow it to recapture lost pips due to random spike and dips.
Additionally if the trend has actually changed the Goose will operate normally and allow our position to close WITHOUT creating the 1.5 lot.
Now GoldenGoose ULTIMATE has the best of both worlds. The Best Forex Prediction Engine combined with the Classic No-Lose Forex Reactive Strategy.
- - - Unquote - - - Please study and revise our V1 + V2 Martingale EA, and give me the update. Thanks.
James Phuc