Frank EA and 10p3 EAs - page 17
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EA should stop starting new martingale cycles but continue old ones. I think EA simple continued with old cycles (few trades were opened and martingaled).
EA should stop starting new martingale cycles but continue old ones. I think EA simple continued with old cycles (few trades were opened and martingaled).
newdigital,
Do you remember what was the margin level recorded at that time? If there is a way to find out the lowest margin level, we should be able to calculate the recommended capital for this strategy.
It may be good idea to code margin level in Account Equity Analyzer indcator https://www.mql5.com/en/forum/173442/page2
project1972 is the author of this indicator and if he can do it so it may be fine.
Yes, I found it.
It is MaxMargin2 EA by Shinigami https://www.mql5.com/en/forum
I open the chart in Frank_mod Metatrader and attached this EA and this EA will make comments about free margins.
I will do the same with 10p3v0.03 EA Metatrader.
Visual statements for 10p3v0.03 EA:
I think it is not a problem with margins for 10p3v0.03 EA even for 11 pairs testing for 5,000 dposit size.
Frank_mod? May be ... but it is buy/sell EA so may be it will be fine. Anyway Frank_mod is surviving with 25,000 initial deposit.
It works.
Thanks a lot.
It is 10p3v0.03 EA:
newdigital,
Could you post the latest 10p3v0.03 statement? The biggest drawdown was recorded on April 29th at 9.46am. I would like to find out how many total lots are opened at that time.
Statements attached.
Winrar (to open attachment) is here https://www.mql5.com/en/forum/173397/page11
By the way it can be any pair. Because timefilter is affected on new martingale cycle openning only. Fo example, acording to the settings, 10p3v0.03 EA starts trading at 18 and finish at 8 (means: start at 6pm and finish at 8 am in GMT+1 or +2 broker's time).
What does it mean? It means that if we get MACD crossing in that time so EA will open the order. If the price is going to opposite direction so EA will start to be martingaled increasing lot size.
So, this 18 - 8 timefilter is affected on openning the first order concerning MACD crossing. The opened order will be processed 24/5 all the time and in case of this EA the word "to process" can be 'translated' as "to martingale".
That is why, if one order was opened on USDJPY at 8 am by 0.01 lot size so EA will contonie processing this order. The order can be closed in profit and if not - EA will open the other order with increased lot size and so on.
But no any martingale cycle will be started in not tradng hours (since 8 am till 6 pm for example).
I know it because I was trading this system in semi-automatic mode for the long time https://www.mql5.com/en/forum/176044/page2
The way to reduce risk (and DD, and decrease minimum initial deposit size) is the following:
- reduce the number of the pairs testing (I m testing 11 pairs);
- do not use any pair with JPY and some crosses (as EURCHF, or EURGBP with sudden movement);
- change timefilter settings. I am using as the following: since 18 till 8. It can be 21 till 3 for example.