jbull86 wrote:

Hey guys any luck with the coding?

No luck whatsoever here, BUT, my friend Ludovic hooked me (us!) up with some scripts that set the SL and TP points AUTOMATICALLY (on both the initial orders and pending orders). This strategy is now way easier and faster to implement (I trade 4 pairs simultaneously, using the scripts takes me 2 minutes to set up all 8 positions whereas before it was a mind-wearing 10 minutes...major timesaver!). The script stuff is explained in the 5th paragraph here.

Also, I've created a second thread for the strategy we've been discussing recently so that people don't get confused with the initial strategy discussed in this thread. Just click on the above "here" to get to it. Just trying to keep things simple for the benefit of all.

:)

well...

hope you are doing great with this great system! i also made some trades with this successfully.  but i want to clarify something!

My broker is instaforex. suppose i open a trade for EURUSD buy at 1360. take profit 1390. Stop loss 1331. now i set a Sell stop at   1330. take profit 1300. stop loss 1360.

Now the Spread for EurUSD is 3. so what is tempting me up is when the price comes at 1331 it hits the stop loss and close the trade with 29 pips loss.
But it does not take the sell trade at 1330. it needs to come down to 1327 to take that entry!!!

Its dangerous if it pulls back upward from 1330 or 1329 or 1328.... this 3 pips spread can murder the account!!!

do you understand what i am trying to say ??? i hope so.

I think it would be great if we could trade on no spread Broker!!! lol. is there any No spread broker ? i mean broker cuts commission but no spread.

are you laughing ??? lol.

no i am serious. I know you also trade in Instaforex broker. dont you face that problem ???


hope you will think about it.


thanks
kader

Hi guys!
Sorry for this question, but how and where in the EA can I change 30/60/30 Hedging Distance configuration ( from 30 pips to 20 or 15 pips Hedging Distance) to 30/60/20 or 30/60/15 configurations .
Thanks for help.

Last edited by krismar (15-10-2011 06:16:40)

well...

thanks john.... actually i got afraid of that pulling back without hitting take profit. you know what i asked you about. now i get your point. yes. it is really great.

yes i am going to open a rebate account on instaforex. is there any important suggestion trading this system on live ?
what pairs you suggest best for this system ?
by the way your myfxbook portfolio doesnot update regularly. why ? we are keen to see your success regularly.

thanks a lot john
kader

Over the last couple of weeks I have been working on a prototype EA of the first "Sure-Fire" strategy.  After hours of back testing I have found the following:
1) Spread is critical to the success of this strategy.  I don't think this strategy is an option for variable spread brokers.  Working out the required stop losses/take profits etc is very tricky in a variable spread environment.
2) Hedging distance makes a big difference.  I found that the 60/120/60 setup worked well on back testing EUR/USD.  However, using 30/60/15 resulted in draw downs that blew the test account up due to the big lot sizes that were reached.
3) This strategy could be a winner if there was a way to gracefully exit (even with a small loss) the martingale after a certain lot size is reached.  Is this possible?  Ideas please.