And when you backtest it going back to 2006, the account blows up. That's why I'll never understand why people bother with these types of EAs. So many pages in this thread and nobody has yet introduced a way to avoid this. The reason: it's unavoidable. Martingale is a negative expectancy system. Therefore, you can expect negative results in the long run. There are no short cuts and no way around it.

Looks efficient.
I'm using reverse condition.
Best Regards.

Attached Images

DetailedStatementRMI27.4.07.gif (4.9 KB, 198 views)

Attached Files

DetailedStatementRMI27.4.07.htm (103.1 KB, 54 views)

I'm afraid you are wright my friend

Using a demo account you are right there is no way round it in the long run. I have been testing 10p3 since last August in just about every variant devised. If using the right settings for the mod being used it will generate very good profits but using demo accounts those profits can not be withdrawn and the MM continues until the eventual demise of the account.

I was able to take a $19000 account up to $130000 using V12 but eventually it took a hit down to $1000. The Combo account that I used for a couple of months here was eventually destroyed when Mod1e took a MaxTrades loss.

So why continue? The reason is that with a live account funds can be removed when profits occur and that is the reason for continued study and testing. Imagine the account taken from $19000 up to $130000 do you think that no funds would have been removed. Of course after it had doubled I would have removed 50% of the profits and so on and by the time it did eventually collapse it would have been trading with profit with a large percentage already removed.

So I urge anyone testing 10p3 to continue to find the optimum settings and then to go live with a relatively small account with tested settings and not to be greedy. Pipsweak has a good point in that eventually all accounts except the very large trading the very small unit will hit MaxTrades but be aware of that and continue with a mindset aiming to profit live eventually.

John

Assuming it happens later ... rather than sooner.

This doesn't sound very encouraging.

Ray

Absolutely right. Let me add to that. What I am doing is multiple small accounts. My different ea versions on each. Right now its 2 accounts. One day it could be 10 accounts.
Imagine if 10 accounts generated 1k per week. And with regular withdrawls and different ea's and settings, if one busts they don't all bust. Then shift some funds to the busted account, recover, and continue on. 1k per account per week, withdraw profits each week at 10k per week. How many times have you seen a martingale ea make 1k per week for a few weeks or even months? Its not uncommon.

But for now its 2 accounts at a couple hundred a week. Start small, be patient, it will come.

Dave

I understand all that, but do you have a systematic plan for knowing when to withdrawl? Assuming you plan to remove half of your profits every time it doubles, there will still eventually come a time when the system blows an account 2 consecutive times before it doubled. Thus leaving you with nothing.

Hey John
Just wanted to know at what date the max trades occured just want to see it on a chart.
Tks
berdj

Do you think this is still true for the double hedge version of v12 that some are running? Or some of the other mods that allow you to also place reverse trades at the same time? A lot of the results look very encouraging.

amazing results for yen pair.

Attached Images

pounding_yen.gif (5.2 KB, 205 views)

Attached Files

pounding_yen.htm (892.3 KB, 127 views)

__________________
FINEX Group - Swiss Regulated Broker