View Full Version : Martingale Trend EA
As oppose to the normal Martingale EA at which we double contrary to a trend in hopes that the market turns our method, is there a EA that does the reverse?
For instance: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is struck the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is struck or even a margin call shuts your rankings. Essentially this EA makes money once the currency is trending. I've analyzed this exclusively on GBPJPY with a T/P@300 and Stop/Reverse@100 and functions very well. Additionally my entrances aren't arbitrary! Now does an EA exist?
thnx
There is a difference. The martingale EAs which are out there are counter trend, meaning they do well in ranging markets. I would like a Martingale type EA that really does well when the markets trend.
there is a difference. The martingale EAs that are out that there are counter trend, meaning they do well in ranging markets. I would like a Martingale kind EA that really does well when the markets trend. I need one too.... https://forexintuitive.com/attachments/1527358490.jpg
Need a diagram if you can produce one.
The Semi-martingale EA by FXTradePro along with my Dion's Pyramid ribbon may be good places to search for different ideas.
Use the search tools....
As oppose to the typical Martingale EA at which we double contrary to a trend in hopes that the market turns our way, is there a EA that does the opposite?
For instance: I open a Long position (.10) using a T/P@ 100 and STOP/REVERSE@50. But if the S/R is struck on the Long position is closed and a grocery order (.20) is triggered. This goes on till the T/P is struck or even a margin call shuts your positions. Basically this EA makes money once the currency is already trending. I've analyzed this exclusively on GBPJPY using a T/P@300 and Stop/Reverse@100 and works very well. Additionally my entrances ARE NOT random! Now does an EA exist?
thnx
As oppose to the normal Martingale EA where as we double contrary to a fad in hopes that the market turns our way, is there a EA that does the reverse?
For example: I start a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. But if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call shuts your positions. Essentially this EA makes money once the currency is trending. I have analyzed this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works really well. Additionally my entrances ARE NOT random! Now does an EA exist?
Thnx Hi Criss...I responded to you PM in TSD or you can email me via forexintuitive.
Dan
I need one too.... Https://forexintuitive.com/attachments/1527358490.jpg
My Manager EA does precisely what Criss needs. Please email me if you are interested.
Dan
hey here is a diagram. Now FxtradePro does possess an EA but is charging at the end of the year. About 7 months I created a thread on Forex-tsd and an individual composed an EA which I wanted (azman818) and had... but I accidentally deleted it. It had been called criss_cross something.
Need a diagram If You're Able to produce one.
The Semi-martingale EA by FXTradePro and also my Dion's Pyramid thread may be good areas to search for other thoughts.
Utilize the search tools.... https://forexintuitive.com/attachments/1527358496113563231.jpg
Criss,
How concerned are you you will get trapped in a prolonged sideways market?
They do occur, and even though you say you have discretionary entries, you don't possess a crystal ball.
Cheers.
I am not at all because I get in at certain point in time, I rarely see it range more than 7 times on the GBYJPY ONLY!! I have tried it on the GBPUSD. GBPJPY enjoys to trend and plus the spread between the Buy and Sell is minimum 100 pips and upward and less. I also use CCI to loe divergence from the pair. Along with the chart example I showed you CCI was diverging, telling me that the GBYJPY was about to move down. How far? I really don't know but I look to grab 200 into 300pips.
Criss,
How worried are you that you will get caught in a protracted sideways market?
They do happen, and although you say you have optional entrances, you do not have a crystal ball.
Cheers.
Criss,
How worried are you you will get caught in a prolonged sideways market?
They do happen, and even though you say you have optional entries, you don't possess a crystal ball.
Cheers.
I Trade a method similar to this and have been doing this for a long moment. The KEY to success is not to leave the EA unattended BUT to monitor your position and TURN OFF the EA when this situation arises. Often when a Sequence Of Trades gets trapped in a range and climbs to a higher degree of progressions there are many chances to acquire the Sequence to BreakEven, a small Profit or possibly a small reduction. A Trader can then reevaluate a brand new Sequence once the Market appears more positive and recover. Traders must understand to Trade exactly what they SEE rather than what they believe.
That is what's worked well for me in Trading this type of Strategy.
Dan
hey here is a diagram. Now FxtradePro does have an EA but is charging at the close of the year. About 7 months I made a thread Forex-tsd and also an person wrote an EA which I wanted (azman818) and had... but I accidentally deleted it. It was called criss_cross something. Here it's
http://www.forex-tsd.com/104414-post17.html
Thank you very much !!
Here it's
http://www.forex-tsd.com/104414-post17.html
https://forexintuitive.com/cryptocurrencies-and-commodities/79-help-creating-indior.html
Cash and position management cannot transform unprofitable EA in a profitable one.
The secrets are the principles of entry/exit the trade
cash and position management can't transform unprofitable EA in a profitable one.
The keys are the principles of entry/exit the trade that the entryand exit principles of any ea can be changed, this is about the middle piece
It's possible to add martingale to any ea: should it shed, you double click the lots - no difference between trendfollow or contrarian, indior or grid or whatever.
But your idea is still interesting, have a sheet of paper and draw a possible chart. Afterward, on the upper side of this chart, mark the buys and sells of your thought, at the reduced side draw the buys and sells of a traditional martingale.
Now, imagine both systems are only one and look, what orders will be left.
Very promising, isn´t it?
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