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Thread: Meriam EA- How to Make Martingale EAs Safe.

  1. #1

    Default Meriam EA- How to Make Martingale EAs Safe.

    Dear Funyoo

    My friend pass this EA to me and after run a while Meriam15. Good Profit and I like it.

    To make more safer can you add value for it as describes. Article from someone
    .................................................. .................................................. .....................
    How to Make Martingale EAs Safe...........

    Hi to all.

    I have been backtesting and forward testing the Meriam14 and Meriam15.

    While Meriam14 version is more profitable than Meriam15, Meriam15 is safer and more conservative and more advanced.

    I have successfully doubled $100 accounts using only 0.01 i.e. 1 micro lot in just 9 trading days with Meriam15, while

    I achieved the same result with Meriam14 in just 7 trading days.

    Currency pairs tested are

    Meriam14 EUR/USD 5 mins Chart

    Meriam15 GBP/USD and NZD/USD 5 mins Chart


    Trading Concepts used by Meriam15

    1. Breakout Trading in the direction of the trend. ( Take Profit = 10 pips)

    2. Pull Back trading, in the direction of the prevailing trend.

    3. Incremental scale in, 15 pip gaps on every pullback, with the last scale in having the biggest lot entry/risk,

    with the hope that the trend will soon return.

    4. Auto Adjusting the take profit level to more realistic levels so as to take profits faster and get out of trouble

    quicker, especially when the trend is reversing while making sure that at least a small overall profit is made.


    5. Using trailing stop to secure profit already made, no matter how little, especially when the EA is trying to

    recover from a huge drawdown.

    What this Great EA lacks.

    This EA is excellent for both trending and ranging markets, but lacks the ability to handle sudden sharp price reveals. it can handle normal slow and gentle reversals, but it is incapable of handling sudden sharp long spikes in the opposite direction.

    Solutions.

    1. This EA needs a flexible hedging system that will only be triggered once price reverses to a certain point against the trend or once equity is down to 70%.

    Once this happens, if the EA was previously opening BUY orders in this manner

    Ist order BUY 0.01 at 1.2575

    2nd order BUY 0.01 at 1.2560

    3rd order BUY 0.02 at 1.2545

    If price drops to , let say 1.2530, this would have resulted to a loss of about -45pips -30pips -30pips = -105 pips.

    What the EA needs, is for someone to help us code a Hedging/Reversal Methodolgy, where, The EA begins to

    gradually open opposing orders while trying to balance out the loosing positions by closing them one by one.

    For example, in the above situation where the EA is already -105 in loss, the EA should quickly close the 1st

    order i.e. 0.01 at 45pip loss and open a new order of 0.04 with a 10 pip profit target. If this hits it target, the

    loss from the first 0.0.1 would have been neutralised.

    Next the EA should open another sell order of 0.04 with a 10pip target and immediately close the 2nd 0.01 order.

    After taking profit on the second order, the EA should then close the 3rd order at -70pips loss then immediatlely

    open a sell order of 0.08 and aim for a 10 pip profit.

    If this last take profit is achieved, then the EA will have successfully recovered from a losing position and is now ready to continue making lots of money in the new trend.

    If someone can code this, then this Meriam15 will be the greatest Robot ever created.

    Note that even with the presence of this shortcoming on the part of this EA, A careful trader can still grow his or her account endlessly in the shortest time possible, by frequently withdrawing his or her profits as soon as they are large enough, so that if the unthinkable happens, the trader would still have benefited greatly.

    If this request is implemented, It would mean the end of our collective search for a profitable EA.
    Attached Files Attached Files

  2. #2

    Default

    Hi zalinarashid,

    I just attached these 2 eas on 4-digit and 5-digit brokers. Wow, they placed trades very quickly.

    I noticed that these 2 EAs are not compatible to 5-digit broker, and ECN Brokers.

    So, Besides your above ideas, I would like to request Funyoo to make these 2 EAs to be 4-digit / 5-digit brokers and ECN Brokers compatible.

    By the way, do you set Time filter = false (default) or True ? And "Use Trailing stop = False or True ?

    Also, your above ideas are from where that you think those Hedging strategies would complement and help these 2 EAs to perform much better with low drawdown?

    + It seems that you only need to improve Meriam 15 with above Hedging strategies. So, how about Meriam 14 ? Do you think we should also improve Meriam 14 as well? If so, then, what would you think of that can make Meriam 14 to perform much better than it can perform now?

    Hope Funyoo can spend time to add above Hedging strategies into Meriam 15 and make 5-digit and ECN Broker compatible as well.

    Thanks a lot
    James Phuc

  3. #3

    Default

    Thanks, I'll check it out... it needs funyoo standards max spread etc

  4. #4

    Default

    Ok... put meriam15 on a few charts... but there is no trailing stop option as there is with 14... definitely need stop options... imho

  5. #5

    Default

    Quote Originally Posted by james_phuc28 View Post
    Hi zalinarashid,

    I just attached these 2 eas on 4-digit and 5-digit brokers. Wow, they placed trades very quickly.

    I noticed that these 2 EAs are not compatible to 5-digit broker, and ECN Brokers.

    So, Besides your above ideas, I would like to request Funyoo to make these 2 EAs to be 4-digit / 5-digit brokers and ECN Brokers compatible.

    By the way, do you set Time filter = false (default) or True ? And "Use Trailing stop = False or True ?

    Also, your above ideas are from where that you think those Hedging strategies would complement and help these 2 EAs to perform much better with low drawdown?

    + It seems that you only need to improve Meriam 15 with above Hedging strategies. So, how about Meriam 14 ? Do you think we should also improve Meriam 14 as well? If so, then, what would you think of that can make Meriam 14 to perform much better than it can perform now?

    Hope Funyoo can spend time to add above Hedging strategies into Meriam 15 and make 5-digit and ECN Broker compatible as well.

    Thanks a lot
    James Phuc
    Dear James
    That Idea is not mine. That is other person Idea, What I am looking for is Maybe Funyoo can improved it.

    I try for other broker also for different setting.

    Other setting is

    tf 30.
    and I add another chart for total stoploss .. Still look on it

    But My setting as your questions is
    Time filter = false
    Trailing stop False

  6. #6

    Default

    OK... prove me wrong this ea is just like all the other crap that tries to buy their way out of bad trades.... what a joke

  7. #7

    Default

    Quote Originally Posted by trendchangetrader View Post
    OK... prove me wrong this ea is just like all the other crap that tries to buy their way out of bad trades.... what a joke
    Dear trendchangetrade.

    Until today Martingale type can give someone fast money and also loose money. But I still interested on Martingale.
    When play with Martingale type is not good at the end of the month and before news.

    But who can take benefit of that know when Martingale are good.

    May be you can try 30 minute with stop loss. I run total stoploss in another charts..

    5 minute is to fast for next open order.

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