Experts: No Loss EA V2 - No Indicator, No Price Action strategy for MetaTrader 4 - page 2

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Do you have an MT5 version for the EA?
 

i have used many many averaging/martingale ea's and i can say this: fixed step grid/averaging EA does not adapt to the atr of the price action and will either not close the trades when the range is small or it will open far too many trades against a trend and blow the account when the move is big. or make a tiny profit if you solve this problem by using a tiny lot size in a huge account. so the next step in the evolution of these ea's is atr adjusted step so in big trends the ea opens the trades a long way apart and minimises how many open trades have bigger and bigger lot size and enormous drawdown. one of mine opened a 7 lot trade recently when i accidentally turned it back on!! i had paused it weeks ago. . this atr step is not a complete solution in a trend like we have right now in eur usd, and also had in july in gbp usd. the solution in my opinion is to only open 2 or 3 averaging trades based on the atr step. then after that a proper reversal pattern must be seen to give real hope the trend is over and it is sensible to trade again to close the positions. this means you have to "wait out the drawdown" and wait for conditions to go our way again. the ea MUST trade the way WE would do it. assuming we know what we are doing. a fixed step averaging ea is available by hundreds of names on mql5 and they all have one thing in common. they blow the account. 

 
johnny7777 #:

i have used many many averaging/martingale ea's and i can say this: fixed step grid/averaging EA does not adapt to the atr of the price action and will either not close the trades when the range is small or it will open far too many trades against a trend and blow the account when the move is big. or make a tiny profit if you solve this problem by using a tiny lot size in a huge account. so the next step in the evolution of these ea's is atr adjusted step so in big trends the ea opens the trades a long way apart and minimises how many open trades have bigger and bigger lot size and enormous drawdown. one of mine opened a 7 lot trade recently when i accidentally turned it back on!! i had paused it weeks ago. . this atr step is not a complete solution in a trend like we have right now in eur usd, and also had in july in gbp usd. the solution in my opinion is to only open 2 or 3 averaging trades based on the atr step. then after that a proper reversal pattern must be seen to give real hope the trend is over and it is sensible to trade again to close the positions. this means you have to "wait out the drawdown" and wait for conditions to go our way again. the ea MUST trade the way WE would do it. assuming we know what we are doing. a fixed step averaging ea is available by hundreds of names on mql5 and they all have one thing in common. they blow the account. 

Sooner or later, "...they blow the account" - what he said. It might be nice to dream that we can always just ride out any amount of DD while trading these kinds of EAs, but reality will eventually catch up with you.

And apart from the fact that backtesting is almost meaningless, it should encompass ALL market conditions, not just the last 5 years or so.

 
Amundo Stowers #:

Sooner or later, "...they blow the account" - what he said. It might be nice to dream that we can always just ride out any amount of DD while trading these kinds of EAs, but reality will eventually catch up with you.

And apart from the fact that backtesting is almost meaningless, it should encompass ALL market conditions, not just the last 5 years or so.

To capture ALL market conditions, it is often easier and more valid in my views, to backtest a strategy on several different pairs rather than try to obtain tick data for more than five years for just one pair. That way we really experience different trading dynamics for our chosen technical  strategy. I also advocate using only tick data from the broker you are going to trade with. There is no such thing as high quality, broker independent tick data. Brokers use different price feeds/LPs and run their platforms differently. Another useful exercise especially with these no stoploss EAs, is to run backtests with different starting dates, and/or starting when the pair is in a trend or in a ranging period on the daily chart.
 
Hello plz add max lot size option as its a martingle
 
please tell me xauusd setting and time frame
 
johnny7777 #:

i have used many many averaging/martingale ea's and i can say this: fixed step grid/averaging EA does not adapt to the atr of the price action and will either not close the trades when the range is small or it will open far too many trades against a trend and blow the account when the move is big. or make a tiny profit if you solve this problem by using a tiny lot size in a huge account. so the next step in the evolution of these ea's is atr adjusted step so in big trends the ea opens the trades a long way apart and minimises how many open trades have bigger and bigger lot size and enormous drawdown. one of mine opened a 7 lot trade recently when i accidentally turned it back on!! i had paused it weeks ago. . this atr step is not a complete solution in a trend like we have right now in eur usd, and also had in july in gbp usd. the solution in my opinion is to only open 2 or 3 averaging trades based on the atr step. then after that a proper reversal pattern must be seen to give real hope the trend is over and it is sensible to trade again to close the positions. this means you have to "wait out the drawdown" and wait for conditions to go our way again. the ea MUST trade the way WE would do it. assuming we know what we are doing. a fixed step averaging ea is available by hundreds of names on mql5 and they all have one thing in common. they blow the account. 

I am actually trying to resolve that issue by multiplying distance between pips by 1.5 meaning every next trade is bigger distance. So we don't have all the margin used in 50 pips. ( 10 orders max 5 pips between orders ). So 5x1.5=7.5, next one will be 7.5 pips away. 7.5 x 1.5 = 11.25 etc. If you want to use Fib numbers just multiply by 1.618. still trying to figure out good settings but may be WE together can get somewhere. Hope that gives some new ideas to improve. Also EA adding 0.01 lots for every 1000USD in account balance and is doubling the profit every 1000usd

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