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higher time frames are good for this indicator right now because the only signal it is using is the RSI.
RSI is not very good on short time frames. It tries to detect trend using RSI and makes trades in the same direction. If the RSI reverses, it closes all long trades and goes the other way.
This is very basic right now because I just wanted to get the shell working. I'm going to add a few more indicators to more intelligently determine the direction and reversals. Although, any live tests would certainly help.
Off to work for the day, will work on this more later.
P.S. Since this is using the martingale approach, you do have to give it room to work. You may want to start with a larger demo like $1000 or $5000
Sorry for my bad english, but I do not mean to have a fixed time interval between entries. What I mean is this: assuming your pipstep is 10 and your time interval is 3 min, if some sell order is opened at time t, check the bid at time t+3*60 and add 10 pips to the value : this will be the entry level for the next sell order.
In slow market, the result will be more or less equivalent to the standard entry (last price + 10 pips); but in fast market, if the price goes up 15 pips during those 3 minutes, then your real pipstep will be 15 + 10.
All this works very well with limit orders but can be implemented with instant execution orders too.
Of course, you do not open another sell during those 3 minutes but you still have to take care of the other opened orders.
Thanks, Michel! Your idea is excellent, I´m newbie in coding so i need more help to insert this modification in the expert. Can you post the way to do it? I test modification in the code but i wasn´t succeful yet!
Thanks.
Thanks, Michel! Your idea is excellent, I´m newbie in coding so i need more help to insert this modification in the expert. Can you post the way to do it? I test modification in the code but i wasn´t succeful yet!
Thanks.
La Totona
Saludos
You just have to wait a little bit.
Now Neta10 (thanks a lot !) has take the work to rebuild this old EA with new ideas, let him some time to do it without interfering with other intermediate versions.
Writing an EA is a very personnal thing, and it's rarely a good idea that many programmers put their hands in the same code.
this is undoubtably a good result, I have a question.
Did you work out the minimum account size that would not have hit a margin call when confronted with the nine progression that occurred twelve days into the test? Testing with $500000 is the best way to trade martingale successfully especially starting with a .1 progression.
I am forward testing with an account size of $250 to approximate the size of account I will be able to afford to fund. Hopefully by the time we have tested neta1o's new EA and he has had the time to make his planned changes it will be possible to use it profitably on a mini account of $250.
You just have to wait a little bit.
Now Neta10 (thanks a lot !) has take the work to rebuild this old EA with new ideas, let him some time to do it without interfering with other intermediate versions.
Writing an EA is a very personnal thing, and it's rarely a good idea that many programmers put their hands in the same code.
Dear Michel, I dont want to interfering with the development of Neta10. I am very impressed and gratefull for his job. I am only want to add this features to others EAs i have. I like make my personal modification over the EAs providing by other, but i will never interfer with my modification when other programmer better than me are working. I am only a newbie and this is the cause i come here for help. Thanks, and I am sorry.
this is undoubtably a good result, I have a question.
Did you work out the minimum account size that would not have hit a margin call when confronted with the nine progression that occurred twelve days into the test? Testing with $500000 is the best way to trade martingale successfully especially starting with a .1 progression.
I am forward testing with an account size of $250 to approximate the size of account I will be able to afford to fund. Hopefully by the time we have tested neta1o's new EA and he has had the time to make his planned changes it will be possible to use it profitably on a mini account of $250.
John
thanks very much for you good reply, ok i see
but i think this settings wants
1000$ in a micro account
(pip=.01 cent)
i tested this with netao1 ea version 1.3 but i changed the tp to 20 only and pips to 20 instead of 15
the only thing that i thik not very good is increasing levels(max trades) i think this change will cost us more money,
any way i am still testing,
Glad to hear you guys are still testing, I'm going to be working on this later tonight so I should have some updates.
-neta1o
EDIT: I found a few bugs with this where it doesn't close all orders, also I need to make sure the target profit is in
ratio to the pip step or even when it succeeds it will fail. You may see a lot of no market to open. It will give this message every
time it checks. I'll update this later as well.
Glad to hear you guys are still testing, I'm going to be working on this later tonight so I should have some updates.
-neta1o
EDIT: I found a few bugs with this where it doesn't close all orders, also I need to make sure the target profit is in
ratio to the pip step or even when it succeeds it will fail. You may see a lot of no market to open. It will give this message every
time it checks. I'll update this later as well.
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Hi Neta10
I notice in the platform negotiation the Ea as the comentary 10point3 buy order when the order are type sell; and when the order is buy the Ea as the comentary 10point3 short order.
Best Regards
thanks dear
Linear Mode
