Martingale EA - page 90
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The maxtrade wouldn't have happened if it was a last entry filter setup, because obviously the trades were loaded unnecessarily both sides quickly, IMHO. So, with the last entry filter setup, reaching maxtrades may be less.
Because, kayvan's method looks for breakouts - so last entry filter and pyramid are important.
The market is being rather kind to the Last_Entry_Filter method just now...up 1% in 12 hrs....I like the maximizing logic of the WFM ("wolfe floating MM")
but if I remember correctly ...I went on a 10-day winning streak with the "H1 Cable kayvan" before one single maxtrade event wiped out all that work...
ESThe market is being rather kind to the Last_Entry_Filter method just now...up 1.5% in 12 hrs....I like the maximizing logic of the WFM ("wolfe floating MM")
but if I remember correctly ...I went on a 10-day winning streak with the "H1 Cable kayvan" before one single maxtrade event wiped out all that work...
ES
When News-Traders get their hands on WFM...gawd help us
indeed...TY
ES
P.S. Even the M5 traders can use it.
The maxtrade wouldn't have happened if it was a last entry filter setup, because obviously the trades were loaded unnecessarily both sides quickly, IMHO. So, with the last entry filter setup, reaching maxtrades may be less. Because, kayvan's method looks for breakouts - so last entry filter and pyramid are important.
This is the setfile I am playing with in M5 Cable. If any of you can improve it please share!
Start_Lot_Size=0.10000000
Lot_Size_Increment=0.10000000
Long_Short_Balance=0
Balance_Weight=0.10000000
Double_Lotsize=1
Choose_Own_Progression=0
Trade_1=0.00000000
Trade_2=0.00000000
Trade_3=0.00000000
Trade_4=0.00000000
Trade_5=0.00000000
Trade_6=0.00000000
Trade_7=0.00000000
Trade_8=0.00000000
Trade_9=0.00000000
Trade_10=0.00000000
Trade_11=0.00000000
Trade_12=0.00000000
Trade_13=0.00000000
Trade_14=0.00000000
Trade_15=0.00000000
Trade_16=0.00000000
Trade_17=0.00000000
Trade_18=0.00000000
Trade_19=0.00000000
Trade_20=0.00000000
Max_Trades=9
Close_All_Max=1
Pyramid=1
Auto_Restart=1
Use_MA_Entry=0
Next_Trade=20
MA_Period=7
MA_Timeframe=60
Use_Kayvan_Method=1
Bar_Timeframe=5
Bars_Look_Back=1.00000000
EntryLag_Long=2
EntryLag_Short=2
Last_Entry_Filter=1
Use_Trailing_Stop=1
Trail_Start=2.00000000
TSLoss_Percent=50.00000000
Close_By_Percent=0
TP_Percent=5.00000000
SL_Percent=10.00000000
Close_By_Profit=99999.00000000
Close_By_StopLoss=99999.00000000
Slippage=2
Number_Of_Tries=5
Sound=1
WFM just gave me a monster TP...I am up 2.8% in under 24 hrs thus far..
But..
Disclaimer
I reached a 3.2 lotsize which is a progression level 6 out of 9.
ES
I kinda like the post in here explaining a custom progression scheme...
like this:
0.1, 0.2, 0.3, 0.5, 0.8, 1.3, 2.1, 3.4, 5.5, 8.9, 14.4, 23.3
He added the previous 2 together to come up with the next progression.
ES
P.S. If you looked at my setfile I am merely using doubling currently to see how long it takes to Blow-Up (I consider a blow up 9 trades with 1K initial) ...but this may be the more conservative approach above with 12 possible trades.
Dear wolfe,
We need a LastEntryGap option...right under the LastEntryFilter input.
Love,
ES
For those of you interested in Pictures...here is some price action for you....
What I like about WFM verses a static TP...just now I am sitting on 8 bucks float...I have not exited yet...If it retraces to 4 bucks I get out with a better profit...now multiply this with several trades a day and you can see my point...
The only thing is ...how long do I demo this before going live and do I have the balls to do it?
Also is doubling too aggressive...?
If I demo this for 1 month...2...3 ...4 months I guarantee you the nano-second I go live I will hit a maxtrade exit
The question is not IF I hit a maxtrade exit of about a 300 buck loss...will i have time to build up profits to absorb it without going below the initial deposit?...if this is a true edge it should be a positve transaction...
ESCan't we make it to close some (less profitable) of the trades when hit to maxtrades?