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I figured if you are going to double up after a loss the entry would not matter so started looking for a random entry EA then added the MM aspect of the universum EA and it seems to work but the great part is no indicators and a 50 pip TP an SL.
I have been Back Testing on a 15min TF over all pairs and have been having similar results
But Universum uses the Demarker indicator and in fact the edge is improved to above 50%! So you replace it with random? Are there any other aspects of your EA that you can explain, other than luck?
ES
Quote:
Originally Posted by Beno
I figured if you are going to double up after a loss the entry would not matter so started looking for a random entry EA then added the MM aspect of the universum EA and it seems to work but the great part is no indicators and a 50 pip TP an SL.
I have been Back Testing on a 15min TF over all pairs and have been having similar results
I can't wait to forward test this.
Last edited by ElectricSavant; 11-30-2008 at 04:00 PM.
No, it all just depend on what train of thought people subscribe to some think that the markets are random in their nature others believe there are distinctive patterns.
I am open minded to when to trade the EA (s) ...so I have no problem in time restrictions/settings...(hey anything that works!)
lcfx, I think your question/point is different than how I am answering however...
To make a rule simply that states....stop when you reach it, has never made sense to me....the market has no idea what your "personal condition" is.
However accidentally lcfx you might eliminate re-entering in a chop zone just by luck when trading less. By setting goals to get closure to your trading day is psycologically pleasing, but really not marklet related. Sometimes you got to take the money when you can get it and when the market is giving....This is why EA's need to have a trader behind them deciding when to use them.
ES
P.S. Remember martingale needs to start with 0.01 per 1K in an IBFX mini account usually (unless you have an incredible edge)...so a high frequency of trades may be needed to make it worthwhile. Personally, I am concluding that there is just no easy money in trading....
Quote:
Originally Posted by lcfxtrader
ES,
Are you going to be looking to gain 50 pips net in a day and stop until the next day are let it constantly run around the clock?
LC
Last edited by ElectricSavant; 12-07-2008 at 11:54 AM.
I really do think there is merit to this thread. Isn't there many EA's that have a low # of consecutive losses with a 1:1 Risk to Benefit?...or is it that folks do not share?
Lets make this a good thread and test something...and improve it.
I have shared two EA's that I found in the MQL codebase that I know fairly well and can turn them on and off at will to get profit with (with risk)....but surely there are more...
ES
P.S. (mts Moneyrain is riskier than Universum 3.0)
Last edited by ElectricSavant; 12-07-2008 at 11:34 AM.
Here is an EA below, that does not trade very often because so many indicators must agree...but you could set the TP & SL to 80 and do not use the TS OR MM (set lotsize to 0.01 per 1K in an IBFX mini account).
If a coder would consider to add the "double after loss" chunk of code we might test this... (keep doubling lotsize until win, then start over)
ES
P.S. Universum has the chunk of code for doubleing...its just I do not know where to copy and paste code .....(the doubling routine that Universum uses is not merely double, but has another calculation... as sometimes I get doubling plus 0.01 to the lotsize)
Folks, I am reviewing this thread and have edited a lot of my posts to make them more clear.
I really do think that this thread can be important in this subforum Martingale/Average Cost & Hedging.
Separting the threads into this forum really cleaned up the EA thread as many traders now can see EA's that they are interested in. This is a subforum for the few that have not lost a fortune in these sort of EA's yet HeHe..☺
I don't post much, but I have read most of the threads in this forum and sometimes other forums, whether about ea's or trading strategies, till now I haven't found an ea that really someone could count on and leave it running (since I have a daily job and can't site the whole day on my desktop), but I am keeping an eye on blessing2+piplite(the new versions by iron), a lot of people tried to reverse the way ea's work, like what happened to goblin, that was transferred to goblin bipolar later, I am really a big fan of martingale as it is constant in putting orders, if you look around you will find that forex market is changing from time to time, for example if a specific indicator is working now and making money within six months or a year it will start giving you false trades, but grid based ea's they will always buy and sell at the same time and try to level up by hedging, anyhow I hope I could help, just wanted to post inorder to share you my experience...
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