Originally Posted by drgoodvibe

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.

Originally Posted by mikejody

Hi Silem,

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.

Originally Posted by hhsmoney

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.

Originally Posted by drgoodvibe

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.

Originally Posted by cucurucu

You are so right! I was just about to post the same thing.

Originally Posted by hhsmoney

I guess this thread was being opened while I was making a post to the original thread, so I'll make another one here.

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I am attaching my forward testing statement of the close all trades every 5% gain idea. The account has gain 12% in 4 days!

Originally Posted by fxgrm

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.



Bummer. I was getting excited!