Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
thanks hhsmoney, I have gotten this version and will forward test starting this evening. Oddly though it doesn't backtest as well as the incorrect 5% version. I will run both concurrently and see what happens.
drgoodvibe, isn't that typical, fix one thing in an EA, and something else breaks! lol
This is not a "simple martingale only", rather, it is a "hedged martingale" which of course is a huge difference. With a simple martingale only you have no protection with a runaway market. With a hedged martingale you take profit every so often (27 pips in this case) so that you are much farther away from a margin call, and your account balance rises as you await the turnaround in the market.
This difference is important. I have traded several "simple martingale only" strategies, such as 10points3 EA, and they make me very nervous as there is no hedging, no protection available.
A 200 pip move with no retracement in those "simple martingale only" strategies can ruin an account. With this EA, we have taken profit 7.5 times during that same 200 pip move. Obviously this lets us sustain much more of a move as we await the market to turn in our favor for a few pips.
I hope this clarification is clear. It makes all the difference for me.
Hi, mikejody!
Thanks for your replay.
But i didn't understand, what do you mean - hedged... i don't think if there is a 200 pip down move, another "hand" (sell in this case) will save your account... Let's count (27 pips):
buy "hand" (floating loss):
0,01 x 200 = 200
0,02 x 173 = 346
0,04 x 146 = 584
0,08 x 119 = 952
0,16 x 92 = 1472
0,32 x 65 = 2080
0,64 x 38 = 2432
1,28 x 11 = 1408
so, in 200 pips down move we have - 9474 pips in loss
sell "hand":
200/27 = 7,4
27x7x0,01 = +189 pips fixed on account
+11 floating profit.
what do you think, will +200 pips save an acoount from crash, if it's a -9474 pips in loss? i don't think so.
We discussed this theme at an alpari forum and have come to conclusion: it is necessary to have or a precise signal to enter a trade and to double a position if the price has gone against us, or to use the big step - more than 100 pips, to cover greater movs without retracement.
This is what I have gathered:
1) v1 and v2 are the same, one goes long and one goes short. You'll have to attach them to different charts of the same pair in order to hedge.
That's what I recommend. I have seen them in action for several months. I'm not sure about the other versions. These are the original versions. They are on the first post of this thread.
Everyone please be warned that this EA is not for the faint of heart. It should be just another tool in your toolbox while you explore other trading strategies as well. It should not be what you base your entire forex life on or all of your money for that matter.
You are so right! I was just about to post the same thing.
I guess this thread was being opened while I was making a post to the original thread, so I'll make another one here.
---------------------------------------
I am attaching my forward testing statement of the close all trades every 5% gain idea. The account has gain 12% in 4 days!
hhsmoney;
It looks like you may have attached the v1+v2 5% mini EA to a standard 100k account. The first trade shown on your statement was a buy @ .17 lots and it moved against you 10 pips for a loss of -17.00 which is 1.70 per pip not .17 per pip. So it looks like your closed P/l would need to be divided by 10 to give you true results on a mini account. Plus I didn't see the "m" after the symbols on the statement that identify it as a mini account.
It looks like you may have attached the v1+v2 5% mini EA to a standard 100k account. The first trade shown on your statement was a buy @ .17 lots and it moved against you 10 pips for a loss of -17.00 which is 1.70 per pip not .17 per pip. So it looks like your closed P/l would need to be divided by 10 to give you true results on a mini account. Plus I didn't see the "m" after the symbols on the statement that identify it as a mini account.
Bummer. I was getting excited!
No fxgrm, in a micro/mini account, a 10 pip move against me at 0.17 lot would have cost me $17, which is what you see in my statement. If it was a standard account, this would translate to $170.
When you see the "m" attached to the currency pairs, it is identifying that the account is a micro account, not mini or standard.
But regardless, a 12% gain is a 12% gain, no matter the type of account. So feel free to get excited again
12% is 12%
Linear Mode
