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Thread: MartingailExpert v1 Stochastic

  1. #41
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    Problem solved with the settings ixbone has given. Was wondering what the best pairs and time frame to trade with the sequencer is. I have noticed that i seem to get the best results using the hour charts, is that stragne considering i thought the EA was meant to be traded on the min charts

    The other thing i have noticed the EA does very well at the start of strading but as it progresses it seems to always blow up the account, well it does mine anyhow!

    Quote Originally Posted by Toxic View Post
    Hi Wannaberich,
    Check ur settings as IX said....

    also,
    Your Equity could be an issue here as well.....i used both the EA....works wonderfully well....

    Regards
    Toxic....
    Last edited by wannaberich; 02-12-2009 at 03:04.

  2. #42

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    Quote Originally Posted by wannaberich View Post
    Problem solved with the settings ixbone has given. Was wondering what the best pairs and time frame to trade with the sequencer is. I have noticed that i seem to get the best results using the hour charts, is that stragne considering i thought the EA was meant to be traded on the min charts

    The other thing i have noticed the EA does very well at the start of strading but as it progresses it seems to always blow up the account, well it does mine anyhow!
    Hi Wannaberich,

    nice to hear that ur problems are solved....I use the "Sequencer"

    1. From Monday to Thursday.
    2. TF M5 works great for me...usually i start the EA when 3MAs crossover.
    3. I avoid Asian Session and always try to catch London Session becoz of volatility.
    4. Use it for pairs like EURUSD and GBPUSD....i don't use it for high spread or ranging Pairs like EURGBP or AUDNZD.
    5. I keep "StopTradingAfterSequence = true"....becoz unless i am happy with the market move or volatility i don't start the EA....as i said before in a ranging market this EA could blow up ur accout.

    Trading is all about comfort and confidence....if you are happy with TF H1, then use it on TF H1....it is always better to find out own set up.

    Happy Trading
    Toxic
    Last edited by Toxic; 02-12-2009 at 06:22.

  3. #43
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    ok thanks for the reply, i will keep what you have said in mind

    Quote Originally Posted by Toxic View Post
    Hi Wannaberich,

    nice to hear that ur problems are solved....I use the "Sequencer"

    1. From Monday to Thursday.
    2. TF M5 works great for me...usually i start the EA when 3MAs crossover.
    3. I avoid Asian Session and always try to catch London Session becoz of volatility.
    4. Use it for pairs like EURUSD and GBPUSD....i don't use it for high spread or ranging Pairs like EURGBP or AUDNZD.
    5. I keep "StopTradingAfterSequence = true"....becoz unless i am happy with the market move or volatility i don't start the EA....as i said before in a ranging market this EA could blow up ur accout.

    Trading is all about comfort and confidence....if you are happy with TF H1, then use it on TF H1....it is always better to find out own set up.

    Happy Trading
    Toxic

  4. #44
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    Quote Originally Posted by Toxic View Post
    Hello AlisNutrio,

    Nice to see you....I checked the "Lucky 7" setup as well.....honestly i felt that is a risky setup....Risk/Reward ratio is very high.....i tested that setup in a demo account.....had couple of bad lucks....

    with that setup you have to understand the market volatility very well....or have to catch the trend at the right moment.....if you get trapped into the Ranging market than you are finished....ooppsss

    I saw the creator of "Sequencer" uses that setup very nicely.....however, i am not comfortable with that setup.....i think more experienced traders (martingale) like IX might be more comfortable with that kind of setup.....i think this is not the setup for small traders or Newbies.....
    Hi Toxic,

    Thank you for your insights on this. Altho I saw the originator do well with Lucky 7, I've been leery of the Risk/Reward ratio also.

    ~

    Do you ever stop in mid-sequence to wait for better market conditions to complete a cycle?

  5. #45

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    Quote Originally Posted by AlisNutrior View Post
    Hi Toxic,

    Thank you for your insights on this. Altho I saw the originator do well with Lucky 7, I've been leery of the Risk/Reward ratio also.

    ~

    Do you ever stop in mid-sequence to wait for better market conditions to complete a cycle?
    Hello AlisNutrior,
    yes i did stop in the mid sequence....lot of times i stopped the EA at Break Even.....even stopped lot of times when i was in little profit or loss and found the market is not so volatile...or didn't like the market move for the EA.........even sometime to give it a new start to have 24 trades in hand.....but honestly this EA never wiped out my account.....i had maximum 17 trades in a row....however, sometime i panic....lol....and you will too....

    Regards...

  6. #46
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    Quote Originally Posted by AlisNutrior View Post
    Hi Toxic,

    Thank you for your insights on this. Altho I saw the originator do well with Lucky 7, I've been leery of the Risk/Reward ratio also.

    ~

    Do you ever stop in mid-sequence to wait for better market conditions to complete a cycle?
    My 2 cents:
    Not the martingale concept is wrong, the SL settings are, or style of the next entry in the sequence! Also a ranging market is not the problem, if you keep an eye on the upcoming high impact news and cot report, you must go out of the sequence - before! Thats what Prof/Bank traders do! This is the reason why an high impact on news occours. Buit I know its very hard to get the news early, only reuters or bloomberg will help, but expensive for realtime news

    Tip: Trade your martingale manual, if you are comfort with your setup, build an EA on it - analyze the market (news, cot report, price action)and analyze your system (every trade, time, why you enter, how much, result)

    Tip2: Dont follow EA's blindly, you must know what any EA does at any time = read and learn the code

    regards

    IX

  7. #47
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    "Thank you" to both of you!

    ...and yes, Toxic, I'm sure I will panic...

  8. #48

    Default MartingailExpert_v1.0_Stochastic H1

    MartingailExpert_v1.0_Stochastic on H1


    step=25.00000000
    StepMode=0
    proffactor=10.00000000
    mult=1.50000000
    lotsbuy=0.01000000
    lotssell=0.01000000
    per_K=200.00000000
    per_D=20.00000000
    slow=20.00000000
    zoneBUY=50.00000000
    zoneSELL=50.00000000
    Magicbuy=555.00000000
    Magicsell=556.00000000
    Attached Images Attached Images MartingailExpert v1 Stochastic-detailedstatement-gif 
    Attached Files Attached Files

  9. #49
    Junior Member forex9's Avatar
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    Arrow set file

    Quote Originally Posted by markbto View Post
    MartingailExpert_v1.0_Stochastic on H1


    step=25.00000000
    StepMode=0
    proffactor=10.00000000
    mult=1.50000000
    lotsbuy=0.01000000
    lotssell=0.01000000
    per_K=200.00000000
    per_D=20.00000000
    slow=20.00000000
    zoneBUY=50.00000000
    zoneSELL=50.00000000
    Magicbuy=555.00000000
    Magicsell=556.00000000
    is the set file a indicator?
    is it necessary for the ea to work?
    thanks,forex9

  10. #50
    Junior Member forex9's Avatar
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    Arrow where can i get this version of this ea?

    Quote Originally Posted by funyoo View Post
    Expert advisor : tp sl ts version
    Settings : SL=205 TP=200 TrailingStop=305 step=6 StepMode=0 proffactor=22 mult=2.7 lotsbuy=0.01 lotssell=0.01 per_K=266 per_D=51 slow=1 zoneBUY=46 zoneSELL=26 Magicbuy=555 Magicsell=556

    GU H1.

    Total Net Profit : -99.80%
    RDD : 99.80%
    where can i get this version of this ea?
    can you send me a link to it?
    thanks,forex9

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