WFM just gave me a monster TP...I am up 2.8% in under 24 hrs thus far..

But..

Disclaimer
I reached a 3.2 lotsize which is a progression level 6 out of 9.

ES

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I kinda like the post in here explaining a custom progression scheme...

like this:

0.1, 0.2, 0.3, 0.5, 0.8, 1.3, 2.1, 3.4, 5.5, 8.9, 14.4, 23.3

He added the previous 2 together to come up with the next progression.

ES

P.S. If you looked at my setfile I am merely using doubling currently to see how long it takes to Blow-Up (I consider a blow up 9 trades with 1K initial) ...but this may be the more conservative approach above with 12 possible trades.

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Dear wolfe,

We need a LastEntryGap option...right under the LastEntryFilter input.

Love,
ES

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For those of you interested in Pictures...here is some price action for you....

Attached Images

	Price Action.GIF (83.2 KB, 187 views)
	DetailedStatement.gif (5.8 KB, 183 views)

Attached Files

DetailedStatement.htm (30.7 KB, 25 views)

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What I like about WFM verses a static TP...just now I am sitting on 8 bucks float...I have not exited yet...If it retraces to 4 bucks I get out with a better profit...now multiply this with several trades a day and you can see my point...

The only thing is ...how long do I demo this before going live and do I have the balls to do it?

Also is doubling too aggressive...?

If I demo this for 1 month...2...3 ...4 months I guarantee you the nano-second I go live I will hit a maxtrade exit The question is not IF I hit a maxtrade exit of about a 300 buck loss...will i have time to build up profits to absorb it without going below the initial deposit?...if this is a true edge it should be a positive transaction...

ES

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Can't we make it to close some (less profitable) of the trades when hit to maxtrades?

you mean take some losses and let some winners run? then what would happen to the next progression? ...would it be halted and would we just carry the winners...for how long?

ES

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To keep the hedge profitable, we could only close the winners and wait for the losers to become profitable.

So that when TFX wants to open a trade it would close the less profitable trade.

Just an idea, though..

would the new trade replace the lotsize or continue in progression? Hey I'm open-minded ...but in my opinion the WFM is working... so it does not need to be fixed...but additional options could be considered...but wolfe will beat you till you can no longer stand up... He is very violent with bloodpressure deviations.

ES

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The same idea was tried in some other EA's, but not successful, closing possitive trades and waiting for lossing trades to become possitive will not work always, and when it does not happen, it will hurt more. Simply, we are aiming for just a few amount of profit, and, we open several trades as a martingale, then we close the good ones and hang on with the bad ones, is it sound logical? We will be very much better off just open one trade and wait till it becomes possitive. It will never be painful than partially closing a martingale group. I think, no success will be achieved by that way. Just my opinion, we may have to find some other solution, I am sure a good solution to avoid build up trades will be found very soon.