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I did a calculation of martingale using hedging method, always reverse the position in line with the latest direction after the previously openned position is 15pips in the loss. To make it easier, I suppose the market is in a 15pip sideway market. Here are the results:
lot sequence-----pips from losing ones for breakeven-----for 10pips profit
In theory, it looks safe no matter how marekt moves. But I think there is a risk of postions building up quickly in the tight ranging marekt. With this hedging feature, the EA will favour trending market instead of sideway market. Maybe it is better to try this method in the overlapping trading session of London and New York market, when marekt is most volatile.
Would you like to share those mods with us, autofx? This EA is an ongoing evolution. What specific analysis did you conduct to make you draw your conclusion about the blow-up potential?
Hi bluto,
The money management of this EA is cool. So is the use of these custom indicators. So is the general way it manages trades. I'm impressed!
I'm not a big believer in backtesting for the purposes of determining the worth of an EA, but I used some backtests to get fake accounts to blow up. And a member of my forum blew up his account during forward testing / demo trading.
Of course the first thing that occurred to me is that the RiskPercent could be lowered. I also noticed that this was an int, and if we make it a double, we can lower it to values under 1.0. The value 0.1 looks really safe and even 0.5 looks low-risk.
The other mods are a little difficult to explain. What I did was to add in some of the trade closure logic that has evolved on my forum over the last year or so. Some of it isn't necessary because Goblin_BiPolar already has ways of managing trade closures (including losers), but our logic does appear to play a part that improves the script's performance.
Normally I would never upload EAs from my forum to another forum, but since the EA made its way to my forum from this one, here it is.
The money management of this EA is cool. So is the use of these custom indicators. So is the general way it manages trades. I'm impressed!
I'm not a big believer in backtesting for the purposes of determining the worth of an EA, but I used some backtests to get fake accounts to blow up. And a member of my forum blew up his account during forward testing / demo trading.
Of course the first thing that occurred to me is that the RiskPercent could be lowered. I also noticed that this was an int, and if we make it a double, we can lower it to values under 1.0. The value 0.1 looks really safe and even 0.5 looks low-risk.
The other mods are a little difficult to explain. What I did was to add in some of the trade closure logic that has evolved on my forum over the last year or so. Some of it isn't necessary because Goblin_BiPolar already has ways of managing trade closures (including losers), but our logic does appear to play a part that improves the script's performance.
Normally I would never upload EAs from my forum to another forum, but since the EA made its way to my forum from this one, here it is.
Bob - your enhancements are awesome! Just the kind of stuff I love to see come along. Thanks for your interest in Goblin. Hope you hang around while we evolve this thing!
Bob - your enhancements are awesome! Just the kind of stuff I love to see come along. Thanks for your interest in Goblin. Hope you hang around while we evolve this thing!
Thank you Bluto. Upon further analysis, I think the only useful thing I did was to change RiskPercent to a double and lower the value.
Your EA is great as-is.
So here's mod F, which only contains the RiskPercent adjustment. My little trade closure block is commented out -- I found that you have already got this under control in your logic.
If this trades anything like the backtests -- and with MT4 I've seen some EAs that come pretty close -- very little further evolution will be necessary! The forward testing statements are looking really good, it's just that the risk was a bit high. You may already have a grail here!
seems this EA still have big drawdown if we dont use equity target function.
Can you provide a bit more detail on your observations? How about a forward testing statement and some specifics on your settings. It's really hard to speculate about what your experiencing based on a one-liner statement. What kind of leverage are you using? Lot sizes, pairs, etc.
How does the Long/ShortSecureProfit function work in the Bipolar Edition? What is the purpose? Does it work as a fixed profit stop as soon as that enabled (ex. 10) threshold is crossed?
I'm in need of help.
Could someone direct me to a post regarding how to use *.set files with MT4, as I want to look at Goblin Hedge EA?
Thanks in advance,
Frank
Linear Mode
