Martingale....The Holy Grail or Are We Chasing A Myth? - page 4

phorex_phreak · 2007-03-12T23:22:55.0000000Z

hello everyone, we all love the idea of martingale, but there is no EA's that i know of that are martingale based that produce money over the long haul, i have tried with some success and have yet to conquer this beast, im very close, hopefully by sharing some of my experiences i can bring to light some of the avenues of solutions for the 1 major obstacle that a martingale faces, THE BIG TREND ........ another excellent programmer/trader who goes by the name of Bluto in this forum seems to have a handle on this martingale beast, here's one of his quotes: "Just as an added note, there's nothing inherent about most of the traditional Martingale based EA's that would set off any red flags with a broker. I'm speaking of EA's like 10Point3, Goblin, Terminator, Predator, etc. These typically place successive orders in intervals that are well beyond what's defined as scalping. Perhaps it's the trading style of Martingale that you're not too fond of, and if you favor trend following methods, that's cool. Believe it or not, building a solid trend following EA can be a daunting task. Martingale EA's works pretty well most of the time and it's fairly easy for guys to get their heads around plus there's a ton of them floating around, hence their popularity. The key is to make them safe when a big move happens and there hasn't been a whole lot of widespread development in that area yet. Until now that is." Bluto i know Bluto has been posting for a while here, however, as of late he has not done much posting probably because he is busy, i invite him to this thread to share some of his ideas and experiences and hope that he takes up this thread with the same vigor and education that he has had in the past with his other threads.....im not asking him to release "jitterbug", but simply help us push the envolope with our own creative thinking and some of his guidance along the way..... what is the solution to the " BIG TREND "?? 1- is it short order consolidation?? 2- is it hedging upon a trigger of a 2nd order?? 3- is it the mix of expandable/collapsable pipsteps??? 4- is it dynamic floating orders and not static?? 5- or is it all of the above?? these are some of the issues we must investigate to come to a solution i believe.....there are some EA's on this forum and others that handle the " BIG TREND " by stopping out there orders when a sequence gets to deep, i believe with these EA's they will lose there accounts in the long-term......there has to be better solutions, we must succeed in finding a solution to this problem, it will be tough no doubt, but with everyones brain power and creativity in this forum we will prevail......think about the above solutions and ill be back tommorow and we'll start looking at some examples and get this think tank underway.........keep on phreaking

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omelette 2008.02.23 20:49 #31

BigBoppa:
Over 37000 trades in your backtest. How long is the period for your backtest, 2 years?

8 years - all of the available data.

[Deleted] 2008.04.09 01:43 #32

Hello...

Anyone still up ?

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