bizonul85
bizonul85
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bizonul85
Added topic Pure_Martingale - change entry condition
Hi all,  I like EA Pure_Martingale but have entry random. Can we change that, to have entry one-by-one (like: buy-sell-buy-sell-etc)? Should be something like: a new entry to depends of previous one or if we have BUY order , next should be SELL
nickeee1
nickeee1 2015.04.19
Hi, I'm nickeee1 -- Pure EA is extremely good because every order has a 50/50 chance of profiting on guaranteed intra candle market noise. Narrow spreads are needed to keep this chance of gaining, equal. SL/TP NEEDS to remain the same to assure that every trade has an equal chance of winning. Spreading the TP to even 1 pip more than the SL is NOT advisable. It shockingly adds many more losing trades to the mix. This WINS a lot because the TP is generally an extremely bit closer than the SL, so statistically MORE likely to hit. The UNIQUE distance widening, has a built in break even PLUS reward, giving every TP distance the proper space assuring that each trade can win and has an equal chance to do so. I modified this EA. I added a 20 EMA [ adjustable ] entry option, and safety delay for max lots traded to prevent ANY Martingale EA from getting carried away. A new Hibernation add on allows a basket to close after profiting with a SOUND alert when a cycle profits. Broker spread widening causes SL to be much closer than TP - not great - it adds levels. I need to add a spread limit modification. This is the BEST EA I have ever worked with. IT WINS LIKE CRAZY. My add-ons kept the principle pure. Even EA designer, Matus German says that better results can be achieved by an entry parameter and he's right - the EMA entry is better than random. I day trade EUR/USD at 2x mart. 1.2x distance, 5 to 10 sl_tp, with a 7th level mart. delay limit. Even a massive spread widening will still profit due to THE EXTREMELY UNIQUE AND TOTALLY BRILLIANT DISTANCE WIDENING FEATURE............ nickeee1
nickeee1
nickeee1 2015.04.19
The reason that I would NOT allow long/short sequential orders is for the brilliant designers reasoning. Markets range 75% of the time or more. A long/short sequence would often add high levels during any times of range bound trading - which is most of the time. Even Matus' RANDOM entry is brilliant. My EMA entry option add-on, is only a little bit better than that - which is very surprising. Range bound periods will NEVER frequently sell at the top or buy at the bottom when entry orders are random. Distance widening - [ I can find NO other similar instance on the web ] helps to get out of range bound problems. Sequential orders will often sell at the top and buy at the bottom of the serpentine like Asian Session range bound price movement. Good luck finding a BETTER EA. I have a cash register .wav file sound when TP is hit............. I hear the sound so often, this is a money crunching cash machine. I love my added Hibernation modification ............ make $ and STOP trading with an alert sound.
nickeee1
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bizonul85
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