Originally Posted by saintmo

faifarni,

Are you using the version you posted above (5%-atr)?

After optimizing I did find some settings that were slightly better than the default over the longer term, but still drawdown was in the 40-50% range for eur/usd. So this version may still have possibilites.

saintmo

Originally Posted by dougdude9

WOW!... I just read all 62 pages on this thread. Unfortunately all my excitement went away when I saw alot of accounts got blown out on the 200 pip swing.

Anyway, I was using a 10point3 system on demo and loved it... It made quite a bit on a mini account in just 3-4 weeks. However, like everyone with this EA it got blown up on the eur/usd. I started testing the v1+v2mini5% about 2 days ago. I was pretty excited until I got to the end of this topic.

So, at this point in time are the EA's within this thread bad? I really don't want to waste time testing if we already determined that they will blow up accounts with large swings.

I had some questions about these EA's, but I will save them for later if I really decided to start using them.

I'm just looking for some input as it seems this thread kinda died out after the accounts blew up.

Thanks,
Doug

Originally Posted by mikejody

Greetings,

I have searched a long time for an EA that works well in all markets, and I finally found one. I want to say right upfront that this EA is not mine, I did not develop it, and can take no credit for it whatsoever. It is all the work of one who goes by cucurucu.

The advantages of a Martingale method of trading is "no losses". The disadvantage, of course, is a huge loss. By this I mean that Martingale EA's seek to have no losses by "doubling up" after losing trades, until the market turns and recoups all losses and then some. But of course what happens if the market doesn't turn, pretty soon the "doubling up" wipes out your account.

This EA, the "V1 and V2" EA provides the best of both worlds. It increases lot size as the market is going in one direction, but since it is a "hedging" EA it also takes profits as the market goes in one direction, which helps greatly in offsetting any negative effects of increasing lot sizes during losing trades.

My experience with this EA is that it is one fantastic EA. I backtested for awhile and then jumped right in to live trading. You can backtest it on EUR/USD and see that it is quite profitable and has a very smooth equity curve.

I am attaching the EA on this post, and in the following posts will be placing pertinent comments from the developer, cucurucu, as well as additional modifications to the EA that have taken place to allow trading mini accounts, taking profit every 5%, and a few others. Cucurucu said that he would come in here and post a modification to allow the changing of lot sizes/risk, etc. sometime this coming week.

This EA, as is attached to this post, requires that two charts of the same currency be open in order to trade properly. One chart will have "V1" on it, and the other chart will have "V2" on it, since you cannot place the two EAs on one chart. In another post I will attach a modification that allows you to place the "V1andV2" on one chart. Any timeframe is fine, as this EA only looks at the current price which is the same on all timeframes.

So test out this wonderful EA. Post your thoughts/questions, etc. But let us please keep this thread solely about the V1andV2 EA, or its modifications, and no other EAs.

Thank you.

Mike

Originally Posted by pipscaner

I thought I am the only one know how to this Hedging Concept. I used this concept to play in casino Baccarat Game. I lost Straight 25 games hoping to win one game to recoup everything. But money ran out. any way I have found a way that you won't have to worry about drawn down or margin call. I have asked codersguru programm it for me, hopefully be done soon

Originally Posted by Jairo

Hi,

This system is doing very well in a demo account of mine. I think there is only one thing missing in it: a safety lock. A few lines of code that watch the market for strong moves without retracement (a potential risk of crashing the account). Something like: if market has moved X pips in less than Y bars, then close out all positions and stop trading. .