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As we are making 17 pips instead of 20, i see that after level 4 the spread starts eating the profits.
Possible workarrounds:
(1) use a 2 pip spread pair as EUR/USD or USD/JPY. (EUR is better in my opinion because is less volatile).
(2) Make an additional lot incresse after L4, for example, instead of buying 0.1, 0.2, 0.4, 0.8, 1.6, 3.2 we will have to buy: 0.1, 0.2, 0.4, 0.8, 1.7, 3.4, and so on.
Opinions?
Dan.-
Apologies if this idea is already in the pot, I have not finished reading the thread yet and wanted to comment lest I forgot, why not just use Fibonacci numbers instead. 0.01, 0.02, 0.03, 0.05, 0.08, 0.13, 0.21, 0.34, 0.55, and so on?
You're still around here? Sorry for beeing a little late with coming over from the other thread. Over the last weeks I had running 20 platforms of MT4 parallel on my laptop and now time was come to filter. (15 survived )
But I have to take a closer look at the account statement first, to analyze
how bm5 really behaves.
As Fxlite has change my account in order that i can use micro account (0.01), i beguin to live trade with this EA.
I choose a hard pair (because of the volatility) : GBPJPY.
I have about 700 $, my live account is a 200:1 and i did these settings : TP 100 (because of high volatility and i read that tomorow there will be big news), and max orders 6 (wich means 0.1+0.1+0.2+0.4+0.8+1.6 = 3.2 lots maxi but during that time i will also win some money with the opposite orders).
I hope i won't blow out my account i don't think i will take more money to compensate my losts.
Get Blessing Martingale v3 from this thread and try it visual mode - you'll see the logic of martingale system in general and a rifo.valas's version of it.
To keep it simple start with buying only.
You buy 0.1 with TP 20 and no SL at price 1.000.
If price goes up, hit TP, you are lucky, take you money and open buy again.
If price goes down and it falls on 20 pips, you open 0.1 buy again at price 0.9980 with TP 20 again (1.000 0 right?) and modify TP for first order to 1.000 too.
If price goes up both your order will take profit at 1.000 and you'll get 0 + 20 points profit.
If price goes down, you order one more buy for 0.2 with TP 20 (at 0.9980) and modify all other orders to the same TP. So if price finally re-trace all your orders will close the same time by TP and you'll get -$20, $0, +$40 - total +$20 (if you have $1 = 1pip on 0.1 lot like EUR ).
Do the same for sell the same time and you'll get rifo.valas's martingale.
But if you have 10 point spread you should pay it for each order, so in total you'll pay 10+10+20=$40 spread just to get $20 profit. So this system will not work for you. Or you should try to use bigger TP - like 50 or 100 pips, it may help.
typical martingale. been there, done it. its only good for people with deep pockets. got less than 10k to start with? jus forget it.
As Fxlite has change my account in order that i can use micro account (0.01), i beguin to live trade with this EA.
I choose a hard pair (because of the volatility) : GBPJPY.
I have about 700 $, my live account is a 200:1 and i did these settings : TP 100 (because of high volatility and i read that tomorow there will be big news), and max orders 6 (wich means 0.1+0.1+0.2+0.4+0.8+1.6 = 3.2 lots maxi but during that time i will also win some money with the opposite orders).
I hope i won't blow out my account i don't think i will take more money to compensate my losts.
hi cijas, did you use bm v5 straight as it is
is your TP set externally at 100?
if so, is your pipstep and takeprofit both at 100?
we can go inside timbobo's script and mod some values to give you
different pipstep with different takeprofit
First good live result but i close manualy because of big news today
Hello,
With these settings :
lots = 0.01
TP = 100 (and for answer you azman, yes it is also the pipstep cause it is written like this in the program. But i guess it isn't hard to change a little the program to have a tp different of pipstep).
i won about 32 $ (and this include the 8 $ loss i did because i closed manually the two trades (0.01 long and 0.01 short) and i begun with 715 $ (so it's about 4.5 % in a few hours).
I never reached the 0.04 scale but i often reach the 0.02 one (so the third as the EA do like this : 0.01 then 0.01 then 0.02...)
I like the GBPJPY cause it's a volatile pair (u can frequently so downdraw or uptrend of 400 pips).
Of course i am beguining with little (0.01) but remember that since i beguin my forex hobby i had 1 480 $, win a little then loose to finish at 37 $. I bring 980 $ more on my account then had good wins and finshed at about 2 800 $.
And now with big loses i have about 700 $ so i prefere win my money back because of litle trades (and now i have micro lots contrary to before), taking funds home and then risking more.
I saw my results and what i see is that :
on one side i win about 8 $ (wich means 100 pips on a 0.01 lot)
on the other i have - 100 pips (about - 8$), 0 pip (exactly 0 $ LOL) and 100 pips (about 16 $ cause it is 0.02 lots) so the total of this side is about 8 $ (16 $-8 $).
And the same for the other trades.
I am ashamed i don't try to do the EA today but i read here and there that it is a very big News day today so i am afraid of a very big pikes and downs.
One of the problems i saw is sometime the Ea is in trouble to open a trade when there's big volatility (even with the "sleep" feature in the code).
) 
I am beguining using it live !
First good live result but i close manualy because of big news today
Linear Mode
