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05-20-2008, 06:32 PM
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Just a screenshot of backtest results of the "reverse-method", which has largely been borne out by forward testing - 'largely' 'cos the version I forward-test has different 'greedier' settings! The PF is unspectacular, as is the equity curve - roughly 80% p.a. return though - but at least it points in the right direction
 What is interesting is the drawdown however, especially for a martingaler! Moreover, 'restrictions' imposed make it virtually impossible to blow a reasonably sized account!! ($10,000) btw, this covers from Sept '06 -> present - the only period that is worth a damn as far as backtesting results are concerned (imo), and it only seem to produce viable results with USDJPY...Minime, excuse this brief interruption in thread-flow but I've had time on my hands (scary market today  ) - back to your original idea!Last edited by omelette : 05-20-2008 at 06:37 PM.     
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05-20-2008, 07:25 PM
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Dear omelette ,
feel free to post the ideas, I am here to learn and if you have already tested the idea and it worked then great ... I will follow your steps. a better approach than hedge is the virtual hedge using correlation trades but for that you need to consider the +ve sawp trades only " Like buy EURUSD and sell USDCHF only " inorder to close the trades when a small profit happen ... this type of trade, has the same problem as the hedge as the trades could stay open for a while , but with this method of virtual hegde there is a better chance of closing the trades at profit.
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05-20-2008, 10:38 PM
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Unfortunately, you are right omelette. I made a demo trade this evening the
described way.After the hedge opened I manually removed all TPs and SLs, watchted the account figures and made my calculations ( which I should better have done before ), only to found out what you have said . The good thing trading this way is, even if a margincall occurs you cant loose more than the frozen losses, no matter what the pair is doing. The bad one ,of course nobody wants to wait for days or weeks for this happening. Untradeable . due to the aleccoh story, have you already seen some of your money back? I'm not updated on this. I think I have to go to the other thread for reading the latest posts. hbud
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05-21-2008, 01:47 AM
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this could work, but what if the price never comes back !!
so in this way you need to trade with +ve sawp only and I would suggest use correlation hedge instead of normal hedge, for example if you have a trade stuck on EURUSD use USDCHF as a corrlated hedge , since the rnage of the USDCHF is larger and can cover up the losses faster , sure you need to keep in mind that the pip value of the USDCHF is less, but this pair is more active than EURUSD , so I would suggest to try hedging using USDCHF Quote:
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05-21-2008, 02:08 PM
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Quote:
I lost the $500 I left in the account as 'play-money'... PS. - Aleccohfx is bankrupt, with little chance of anyone seeing a return of their deposits (according to the Liquidator). Aleccoh stopped posting once this bankrupcy became known publically, even though AFX seems to have held this status for months... Last edited by omelette : 05-21-2008 at 02:15 PM.
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07-04-2008, 08:43 PM
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omelette,
I modified the expert you posted, it trades less but it wont blow the account now, and the DD should be much less try it on EURUSD 15 min Last edited by MiniMe : 07-04-2008 at 08:46 PM.
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07-05-2008, 06:56 PM
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Interesting. btw, I added that 'NextLevelSL_On' switch at the time, in the hope that it would give a rough indication that the filtering I was attempting was indeed providing an 'edge' of sorts - with it enabled, a blown account can't happen, but you can be 'nibbled' into bankruptcy!
 The main problem with this is that while you can severely filter your trades, I could see no real 'edge' to doing so - instead of this filtering, try selecting the trades at random, opening a similar number for the period in question - you will get a similar result as probably 70-80% of all trades would have been profitable anyway, and within the max. levels set. (whereas probably 95% would 'eventually' have proved profitable after possibly severe drawdowns) Also, the PF is unacceptedly low, which is why I gave up on it... One final point, though I do not know exactly how MT deals with timeframes during backtesting, I'm pretty sure that unless an EA specifically trades EOB, (10point3 doesn't) selecting higher timeframes for backtesting is less accurate as you are dealing with interpolated prices...
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07-06-2008, 01:53 AM
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Quote:
as an oversold could be more oversold , so it may take some pips before you get what you wanted, it all depend on the develper and how sure he is from his setup. I am not in fav of martingles but I have a couple of good entries where I prefer to scale in or add more trades instead of having big SL, its just a matter of how bad you want to stay in that trade , some trades you want to let go and others you want to hold on to it
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