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As to v2 so I did not backtest it to find the better settings. To know the settings for more smaller timeframe it is necessary to optimize the settings. I will do it fo course.
Thanks. I will test it. So, based on your comment, IHR charts is a suitable time frame for the EA. Also, What does the Decrease Factor do?
Decrease Factor is decreasing the lot size after losing trade. But it is nothing if you switch MaximumRisk to 0.
Thanks for the help. I think this could be a potentially good EA once good settings are determined, bugs worked out and when good money management is applied.
I was thinking maybe something that could be added that would make this ea less risky. Is it possible to add something in ea to determine if the market is trending sideways and keep it from executing any trades? Looking at my demo testing, it looks to do not so good when the market is moving sideways.
I was reading something and found the trading system for H1 and M30 timeframes.
System is simple:
- signal for enter - EMA8 is crossing EMA55.
Confirmation on Parabolic with default settings on the current timeframe (H1 or M30) and on M15 as well.
- exit on crossing EMA8 and EMA21.
Why Fibonacci?
Some people say that 8, 13, 21, 34, 55 are Fibonacci numbers.
This system looks good to trade manually.
This EA is very similar to a manual system i have been testing. However, it is little bit different in that I would like it trade as follows:
Change the three EMA's to EMA-5, EMA-13, and EMA-62. I would like to modify the EA so that a trade is executed after the following three conditions are confirmed: 1. EMA-5 crosses EMA-13, 2. EMA-13 crosses EMA-62, and 3. The EMA-13 has a separation of 20 to 50 Pips from EMA-62. I would like to have this separation variable via adjustable setting in the EA setup. Thjje exit would be triggered when the EMA-5 and EMA-13 cross again or when the take profit level has been reached.
I'm don't know how complicated it is to do this, or if it even possible. Perhaps some of the experienced coders on the forum could look at this and let me know if it is possible and guide me thru making the changes.
HI NEW DIGITAL, CAN YOU PLACE A modification TO THE EA?
this is a MM modification after a loss trade add 1 lot to the next trade (2 lots) and if the second trade loss add another lot to 3 lots ..............
the stop will be 10 lot and after a winning trade to start over with 1 lot.
Quote:
Originally Posted by newdigital
Decrease Factor is decreasing the lot size after losing trade. But it is nothing if you switch MaximumRisk to 0.
HI NEW DIGITAL, CAN YOU PLACE A modification TO THE EA?
this is a MM modification after a loss trade add 1 lot to the next trade (2 lots) and if the second trade loss add another lot to 3 lots ..............
the stop will be 10 lot and after a winning trade to start over with 1 lot.
Martingale?
I will try to do it later.
Just for information:
Quote:
"Who is Martingale? It's nobody. Just a method.
This word came from France (Martigue region). Inhabitants from this region had as absurd way of behaving so the people called them "a la martingale". If you are "a la martingale" so it means that you are not as everytbody and you want to be very different from everybody."
James William Ferguson.
The other authors said:
Quote:
This system was create before XIII certury. There are many versions of this systems (direct Martingale, aggressive Martingale, Conservative Martingale, American Martingale and so on). For example Dostoevsky (Russian writer) liked this system a lot.
But there were some people who said that this system can not work
well. because it is valid just for endless number of cases. But for
the forex market we do not have this "endless". Jean Le Rond
DAlembert (1717—1783) for example was not agree with this system only
because of this "endless".
P. Lйvy (1886-1971 French mathematician) established martingale as a
special term and special subject in the Theory of Probability in the
beginning of the XX century.
So what is the problem with this EAs based on Martingale?
It is not endless, right. Look at the backtesting results of some EA (by Igorad): EA started to work and finishing. It works for about one year only (one year from now for example).
"endless is not set."
may be, this French mathematician Jean Le Rond DAlembert (1717—1783) was right?
Last edited by newdigital; 11-06-2006 at 12:58 PM.
Not yet. Sorry.
If I do not have time I will ask some good coders to help me.
Just remind me by pm (next week).
Because I found the article (in Russian) with many Martingale systems described so it may be good to do it as optional switching to american Martingale, simple Martingale and so on as 1, 2, 3 in option/ setting of EA.
Last edited by newdigital; 11-10-2006 at 08:35 AM.
