you just write the same type EA as me ! Only diffrence, i call your Ping Pong zone "Black Hole" :)
I have test a lot of thing to filter entry trade to avoid black hole...but nothing. You avoid one to fall in another.
I'm trying to manage them from inside, taking profit from win trade... Black Hole could disappear for 1 or 2 years on some good parameters but still appear one day !
1) Increase the time zone. Bands because you wanna make sure u zig-zagging when you enter.
2) Gambler type strategy. Yeah, keep your rabbits foot and 4-leaf clovers on you at all times.
3) Use bands with 3-deviations moves on break-out. You're hoping it continues trending in the direction of the break so that your trailing stop could lock some good gains. If not then it's a false break, My thinking is it's not likely to lunch 3-standard deviations in one direction and then repeat it again in the other direction. Which is the big idea with these systems "what's the probability of something really bad happening".
I believe this strategy is also referred to as a Grid with Martingale. I'd admit the logic is much more tempting than the No-Stop loss systems. However, the draw downs are so deep that running this on large money accounts have to be a test of nerves and bankroll. I've seen lucky people win year in and year out with Martingale type systems, however, whenever I demo or simulated with such system, it killed me. What you have to ask yourself is if you're one of those Lucky types. If not then don't use this system.
Awesome!! I liked your Black Hole and it's really good to know someone's on the same boat!! We can work together to solve this issue! I had the idea of doubling the lot after applying the same strategy on Blackjack. I was never good at counting cards, so this strategy proved to be very efficient with $1000 cash and $10 bets :-)
So, for how long have you been working on your EA and tried to avoid the Black Hole ? It's been a week for me thinking on a solution. I already tried to increase or reduce the stop losses on each new trade but eventually it happens again and with big stop losses, you lose much more money! It's impossible to avoid it 100% since you can simply buy and the price can fall.
Maybe the solution is to use a different strategy after the third try. I'm curious about your EA. Can you post some results of the strategy tester ? Also, have you been trading on a live account or you are still developing it like me, and based on what technique you open trades ? I'm almost ready to try it for real... I'm looking for a trend indicator to use so that I stop opening positions when it detects a flat zone!!
I'm using Psar and Aroon to open trade and ATR to manage hedging distance. Fisrt lot is 0.1 and DeltaLot is +1.5 lots. Target very small as 50$
Multiple tests with 1,2,8 and 12 pairs are running since 3 months. 50%/month on demo account. Live test will begin in september.
I manage also the spread before opening and closing. You can save easily save a lot of money !
I'm using Psar and Aroon to open trade and ATR to manage hedging distance. Fisrt lot is 0.1 and DeltaLot is +1.5 lots
I manage also the spread before opening and closing. You can save easily o lot of money !
I'm not here to prove something but to share technical view about mql4.
Mr "50%/month on demo account."
This is exactly like the EA I published some time ago: https://www.mql5.com/en/code/9485.
Ping Pong Zones are the results of an antimartingale system.
Yes ! You have inspired me a lot !
What's about Lilly today :)