Good Strategy

[DOMIANDR000]

Hi,

Has anyone tried this strategy for an EA(on daily/1hr TF) -

1. Follow in indcator like SuperTrend. On change in direction place an order (tp 10$, higher for higher TF)

2. If TP hit good, else if reversed on next bar, then close order and take reverse position with double the lots and TP = THE PREV LOSS CALCULATED + 10$ or higher for higher TF)

3. Repeat 1 and 2....

I tried this manually some time back...it works well if only someone could code this, this would be done efficiently without troublesome calculations

Thanks..

[DOMIANDR000]

ALso to add - this is the Ormond strategy used in betting systems -

A Clip which states -

The Ormond System: (Submitted by a visitor)

Negative progression, a variation of the Martingale System.

Assumes you will win before you reach the house limit and can bankroll the losing run. Bet an initial amount (N). For each win, on the next bet N again. For each lose bet N*x+N where x is the number of losing bets. Thus if you finally win, you will recover all bet money, plus N for every loss. The progression would look like this on a $5 table. 5, 15, 35, 75, 155, 315, etc. As with all negative progressions, and this one even more so, it requires more capital and is employed to force a winning outcome following a losing streak.

This can be very easily tested using microlots

[maniek]

DOMIANDR000:
Hi,

Has anyone tried this strategy for an EA(on daily/1hr TF) -

1. Follow in indcator like SuperTrend. On change in direction place an order (tp 10$, higher for higher TF)

2. If TP hit good, else if reversed on next bar, then close order and take reverse position with double the lots and TP = THE PREV LOSS CALCULATED + 10$ or higher for higher TF)

3. Repeat 1 and 2....

I tried this manually some time back...it works well if only someone could code this, this would be done efficiently without troublesome calculations

Thanks..

10$ is 10 pips or 1 pip or... How much pips is TP?

Thanks for you sharing.

[maniek]

Is it right?

[maniek]

I think this is dangerous.

[DOMIANDR000]

Ive been using the NinaStepMA on a 1hr chart and observed that there are a max of 4 changes together which can lead to a loss consecutively (3 losses)...if you calculate on microlots -

1st loss - 0.1 lots

2nd loss - 0.3 lots

3rd loss - 0.7 lots

4th win - 1.5 lots

Ive also written the EA and backtesting it. It gives good results witha modelling % of 70.....

Ill be posting the EA soon...

[DOMIANDR000]

[DOMIANDR000]

Finally!!

Ok guys here it is the BettingStrategy EA, gives good results on BT with modelling qty>70...

Note, if you set the Takeprofit parameter, the profit level is set, else it leaves it to the difference between the 2 lines in the NinaMA to be>0.2 thats when the order is closed at that profit level...

Ill be forward testing it next week...hoping for your inputs/modifications too

Thanks