Thread: Little Martingale EA

Backtesting with any JPY pairs crashed the account.

That is why I closed ALL POSITIONS and began anew for my first Low Risk account.

I didn't test ahead... and over two days, the negative equity due to JPY pairs was so high that I gotten shocked and quickly perform a backtest.

Originally Posted by ;

quote Why you say that? Did you backtest it, is it a pair that ranged or what else? Thanks

It looks like he can't answer. Someone shot .

Originally Posted by ;

backtesting with any JPY pairs crashed the account. That is why I shut ALL POSITIONS and started anew for my initial Low Risk account. I did not test beforehand... and over two weeks, the negative equity due to JPY pairs was so high that I gotten so shocked and quickly perform a backtest.

You shouldn't ever trade JPY pairs with Martingail as JPY pairs are viewed as runners and may run two or three 100 pips.

Originally Posted by ;

quote You should never exchange JPY pairs with Martingail as JPY pairs are viewed as runners and can run a couple of 100 pips.

Actually a few hundred pops with space 50 pips between orders isn't so bad but the issue is that any pair can trend: consider CAD pairs nowadays. Look at the aus/usd nowadays. No pair is immune

Unfortunately Found a bug using version 1.4. In two three currency pairs that the EA took identical transactions (0.03 and 0.05) Always buy or sells(identical respecting the martingale sequence) at small distance in pips and time in another. This is not good because it collects unneeded drawdown .and it could prevent a higher lot to close once the pullback is ongoing. It has to be tracked in case and also the surplus trade closed manually.also it could be closed manually when a little profit or a bit in loss.... This may (I say could) bring trouble

I will go on observing more or less independently lol since I think that it s worth it.

A different forum member here (zakgr I believe ) stated that to trade this EA with a typical account (1:100 leverage) we need 1000 $ \ currency pair traded. Well I think his statement isn't so far from reality. Drawdown can become fairly pretty big and lets say you've got 6 pairs.

A move of 300 -400 pips if you use settings space 50 between transactions and from trade 5 to trade 6 (0.18 lots )you use 100 pips will set you back about 700 euros or more\pair. Of course you must be very unlucky to have 6 pairs trending consistently but it can occur and you can tendency even more and give you problems with margin. Aud\usd needed a massive move these last two weeks which seriously scared me. Fortunately jobs report was not so great and aud went . If you've got 1000 $ \pair you are surely guaranteed to feel choked lol. This is a manner of trading maybe not for everybody and you realize it when you trade it live. I still think that it s worth it for the risk\reward ratio but it has to be tracked and you have to understand it is indeed risky. MM is significant and certainly you dont want trades more than 0.27 lots thats mad....Good fortune everybody

I agree Lucas, as a rule of thumb of a functioning martingale egy, the most crucial part will be the Money management, and 1000 usd each pair is the least you will need for running reside. Non black Swan event effect expected. If you put 1000 on GBp most probably you won't get thru Brexit. Keep an eye on major occasion and prepare enaugh bullet to container normal news, withdraw constantly to decrease risk, finally every mart blows.

Originally Posted by ;

I will go on observing more or less alone lol since I think it s worth it. Another forum member here (zakgr I think) said this to trade this EA using a typical account (1:100 leverage) we need 1000 $ \ currency pair traded. Well I believe his statement is not that far from reality. Drawdown can get pretty pretty big and lets say you've got 6 pairs. A move of 300 -400 pips should you use settings distance 50 between trades and from commerce 5 to trade 6 (0.18 lots )you use 100 pips will put you back about 700 euros or more\pair. Of course you have to be quite...

Hi luca,

though you're posting nearly alone - You are not alone here! I do follow this and Your postings. I am just active on two different EAs atm. I will contact this and post here.
Only go on buddy!

Cheers

Originally Posted by ;

I will go on posting more or less alone here lol since I think it s worth it. Another forum member here (zakgr I believe ) stated that to exchange this EA using a typical account (1:100 leverage) we want 1000 $ \ currency pair traded. Well I believe his statement is not so far from reality. Drawdown can become fairly pretty big and lets say you've got 6 pairs. A move of 300 -400 pips if you use settings distance 50 between trades and from trade 5 to exchange 6 (0.18 lots )you use 100 pips will set you back around 700 euros or more\pair. Of course you have to be really...

Sir you aren't alone I'm also with you.

Originally Posted by ;

quote Hi luca, though You are posting almost alone - You are not alone ! I really do follow this and Your postings. I'm just busy on two different EAs atm. I will contact this and post here. Just go on buddy! Cheers Barlam

Good to understand Barlam!! Thanks a lot! Luca