Stochastic Martingale (July-Aug) (By ForexSeeker)
| Gain : | -98.84% |
| Drawdown | 99.13% |
| Pips: | -1067.0 |
| Trades | 385 |
| Won: |
|
| Lost: |
|
| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Stochastic Martingale (July-Aug) Discussion
Jul 22, 2010 at 14:19
1,469 Views
12 Replies
Member Since Apr 20, 2010
814 posts
Jul 28, 2010 at 01:28
The name is : Pro-Expert. (Not a commercial EA, probably rename few time from it's original name as I getting it from a group)
You can visit my journal in the link below about even more fantastic EA. Many name will be confidential as I'm giving it to subscriber memeber only in later services.
You can visit my journal in the link below about even more fantastic EA. Many name will be confidential as I'm giving it to subscriber memeber only in later services.
Information is Gold when come to organised.
Member Since Apr 20, 2010
814 posts
Aug 03, 2010 at 00:01
(edited Aug 03, 2010 at 00:01)
3 Aug'10 :
Checking this platform and found that the open trade no have TP.
Try to close it by it pop up error message 'No connection'
Restart platform, and automatic another trade open without TP. Close all trade manually.
The bug of this EA :
When you restart the EA, it will straight away open a trade with your started log size.
So better not restart the platform as it will add one trade and the martingale system will slightly effected.
Some times the trade will open without TP. Like a machine get glitch after too long time operating.
Over all, very good for scalping a trend that you guess correctly.
Checking this platform and found that the open trade no have TP.
Try to close it by it pop up error message 'No connection'
Restart platform, and automatic another trade open without TP. Close all trade manually.
The bug of this EA :
When you restart the EA, it will straight away open a trade with your started log size.
So better not restart the platform as it will add one trade and the martingale system will slightly effected.
Some times the trade will open without TP. Like a machine get glitch after too long time operating.
Over all, very good for scalping a trend that you guess correctly.
Information is Gold when come to organised.
Member Since Apr 20, 2010
814 posts
Aug 10, 2010 at 03:24
(edited Aug 10, 2010 at 03:26)
10 Aug'10 :
The greatest draw down with 7 martingale trade executed.
Is it so fast the trend going to switch ? Only last a month for uptrend ?
<a href='https://www.myfxbook.com/files/ForexSeeker/StochasticTrendWhere.png' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/StochasticTrendWhere.png'/></a>
Should I cut loss now or wait 64 pip of retracement to take profit ?
The greatest draw down with 7 martingale trade executed.
Is it so fast the trend going to switch ? Only last a month for uptrend ?
<a href='https://www.myfxbook.com/files/ForexSeeker/StochasticTrendWhere.png' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/StochasticTrendWhere.png'/></a>
Should I cut loss now or wait 64 pip of retracement to take profit ?
Attachments:
Information is Gold when come to organised.
Member Since Apr 20, 2010
814 posts
Aug 10, 2010 at 07:18
<a href='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision.jpg'/></a>
What is your decision will be ? To cut loss or wait another 35 pip to recover all to profit ?
What is your decision will be ? To cut loss or wait another 35 pip to recover all to profit ?
Attachments:
Information is Gold when come to organised.
Member Since Apr 20, 2010
814 posts
Aug 10, 2010 at 07:24
Or you have another different interpretation of Fibonacci Level.
<a href='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision2.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision2.jpg'/></a>
<a href='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision2.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/WhatYourDecision2.jpg'/></a>
Attachments:
Information is Gold when come to organised.
Member Since Apr 20, 2010
814 posts
Aug 10, 2010 at 14:13
The Max 7 martingale level has reach, and it unable open more as money not enough.
It was bad, the retracement is very weak, only touch 23.6, and continue drop.
So it come to the painful decision to take loses, and loses $407. And now manually betting it down.
<a href='https://www.myfxbook.com/files/ForexSeeker/LateDecision.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/LateDecision.jpg'/></a>
It was bad, the retracement is very weak, only touch 23.6, and continue drop.
So it come to the painful decision to take loses, and loses $407. And now manually betting it down.
<a href='https://www.myfxbook.com/files/ForexSeeker/LateDecision.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/LateDecision.jpg'/></a>
Attachments:
Information is Gold when come to organised.
forex_trader_8139
Member Since Mar 04, 2010
423 posts
Aug 10, 2010 at 14:32
(edited Aug 10, 2010 at 14:32)
Hi,
You need to fine tune your MM.
SIM
You need to fine tune your MM.
SIM
Member Since Apr 20, 2010
814 posts
Aug 10, 2010 at 18:46
Indeed, prediction and analysis always has a chance to fail.
<a href='https://www.myfxbook.com/files/ForexSeeker/PredictionAnalysisFail.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/PredictionAnalysisFail.jpg'/></a>
Shoot up 100 pips in a few second.
<a href='https://www.myfxbook.com/files/ForexSeeker/PredictionAnalysisFail.jpg' target='_blank'><img src='https://www.myfxbook.com/files/ForexSeeker/PredictionAnalysisFail.jpg'/></a>
Shoot up 100 pips in a few second.
Attachments:
Information is Gold when come to organised.
forex_trader_11878
Member Since May 18, 2010
45 posts
Aug 11, 2010 at 01:46
The past 2-3 days was a really good test for Martingale EA and its money management and its need for enough capital to last a while.
forex_trader_8139
Member Since Mar 04, 2010
423 posts
Aug 11, 2010 at 01:47
Martingale EA required very good MM.
Member Since Apr 20, 2010
814 posts
Aug 11, 2010 at 02:13
The MM is good, it base on stochastic to go in, as it only using $500, so it can not withstand big trend, so always need to chose the correct trend to follow, if use $5000, probably it can open more martingale level and retrace to profit level.
Information is Gold when come to organised.
forex_trader_8139
Member Since Mar 04, 2010
423 posts
Aug 11, 2010 at 03:33
ForexSeeker posted:
The MM is good, it base on stochastic to go in, as it only using $500, so it can not withstand big trend, so always need to chose the correct trend to follow, if use $5000, probably it can open more martingale level and retrace to profit level.
ok, understand.
SIM
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
