Hi,

Has anyone tried this strategy for an EA(on daily/1hr TF) -

1. Follow in indcator like SuperTrend. On change in direction place an order (tp 10$, higher for higher TF)

2. If TP hit good, else if reversed on next bar, then close order and take reverse position with double the lots and TP = THE PREV LOSS CALCULATED + 10$ or higher for higher TF)

3. Repeat 1 and 2....

I tried this manually some time back...it works well if only someone could code this, this would be done efficiently without troublesome calculations

Thanks..

ALso to add - this is the Ormond strategy used in betting systems -

A Clip which states -

The Ormond System: (Submitted by a visitor)
Negative progression, a variation of the Martingale System.

Assumes you will win before you reach the house limit and can bankroll the losing run. Bet an initial amount (N). For each win, on the next bet N again. For each lose bet N*x+N where x is the number of losing bets. Thus if you finally win, you will recover all bet money, plus N for every loss. The progression would look like this on a $5 table. 5, 15, 35, 75, 155, 315, etc. As with all negative progressions, and this one even more so, it requires more capital and is employed to force a winning outcome following a losing streak.


This can be very easily tested using microlots

10$ is 10 pips or 1 pip or... How much pips is TP?
Thanks for you sharing.

Is it right?

Attached Images

pic.gif (12.5 KB, 275 views)

I think this is dangerous.

Attached Images

pic2.gif (15.6 KB, 232 views)

Ive been using the NinaStepMA on a 1hr chart and observed that there are a max of 4 changes together which can lead to a loss consecutively (3 losses)...if you calculate on microlots -

1st loss - 0.1 lots
2nd loss - 0.3 lots
3rd loss - 0.7 lots
4th win - 1.5 lots

Ive also written the EA and backtesting it. It gives good results witha modelling % of 70.....

Ill be posting the EA soon...

ok here is the EA - the prob is it only places the sell orders and closes them out.....can anyone figure it out...
Inspite of this it backtests with good results -
If anyone doesnt have the NinaStepMA ive attached that too....

//+------------------------------------------------------------------+
//| BettingStrategy|
//| Copyright © 2006, DOMIANDR000|
//| |
//+------------------------------------------------------------------+

//---- input parameters
extern int StartHour=17;
extern int StartMinute=00;
extern int TakeProfit=10, InitialStop=0;
extern double Lots=0.1;
extern double Vol=0.1;



#define MAGIC 85798
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//----
int sl,tp,i,j,Ticket,Bought=0,Sold=0,Closed;
double INin1, INin2;


INin1=iCustom(NULL, 0, "Nina_StepMA_1",10,1,0,500,true,2,1);//
INin2=iCustom(NULL, 0, "Nina_StepMA_1",10,1,0,500,true,3,1);//






if ((INin2<INin1 )){
ExistPositions(1);

if (TakeProfit==0) { tp=0; }
else { tp=Ask+TakeProfit*Point; }
if (InitialStop==0) { sl=0; }
else { sl=Ask-InitialStop*Point; }

if (TotalTradesThisSymbol(Symbol())<1){
Ticket=OrderSend(Symbol(),OP_BUY,Vol,Ask,3,sl,tp,N ULL,MAGIC,0,Green);

}
}
if ((INin2>INin1 ) ){
ExistPositions(2);

if (TakeProfit==0) { tp=0; }
else { tp=Bid-TakeProfit*Point; }
if (InitialStop==0) { sl=0; }
else { sl=Bid+InitialStop*Point; }

if (TotalTradesThisSymbol(Symbol())<1){
Ticket=OrderSend(Symbol(),OP_SELL,Vol,Bid,3,sl,tp, NULL,MAGIC,0,Green);

}
}





return(0);
}
//+------------------------------------------------------------------+


void ExistPositions(int trend) {

for (int i=0; i<OrdersTotal(); i++) {

if (OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) {

if ((OrderSymbol()==Symbol() && OrderMagicNumber()==MAGIC && OrderType()==OP_BUY && trend==2) || (OrderSymbol()==Symbol() && OrderMagicNumber()==MAGIC && OrderType()==OP_SELL && trend==1)) {
Alert(OrderType());
OrderClose(OrderTicket(),OrderLots(),OrderClosePri ce(),2,Blue);

if (OrderProfit()<0) {
//TakeProfit= MathAbs(OrderProfit());
Vol= (OrderLots()*2 )+0.1;
}
else if (OrderProfit()>=0) {
//TakeProfit= MathAbs(OrderProfit());
Vol= 0.1;
}


}
}
}

}


int TotalTradesThisSymbol (string TradeSymbol) {
int i, TradesThisSymbol = 0;

for (i = 0; i < OrdersTotal(); i++)
if ( OrderSelect (i, SELECT_BY_POS) )
if ( OrderSymbol() == TradeSymbol && OrderMagicNumber() == MAGIC )
TradesThisSymbol++;

return (TradesThisSymbol);
}

Attached Files

Nina_StepMA_1.mq4 (6.7 KB, 80 views)

Ok guys here it is the BettingStrategy EA, gives good results on BT with modelling qty>70...

Note, if you set the Takeprofit parameter, the profit level is set, else it leaves it to the difference between the 2 lines in the NinaMA to be>0.2 thats when the order is closed at that profit level...

Ill be forward testing it next week...hoping for your inputs/modifications too

Thanks

Attached Files

	BettingExpert.mq4 (3.6 KB, 147 views)
	Nina_StepMA_1.mq4 (6.7 KB, 111 views)