Thread: Scalping channel - 1 minute limited martingale

Originally Posted by ;

quote Thanks for your answer.

No problem. And please share if you loe another EA that can do this task better.

A brief update: I have 9 days of trading and managed to double my first account of 200$ using this method. I am on Pepperstone (demonion), leverage is 400:1 if it matters. What I think that it's very important is that each day was a triumph (well, except for the one that I clicked the Close button). Some days I had to stay in from of the PC less than 2 hours, others 5.
Next step is to increase the first lot size from 0.01 to 0.02. I will exchange the same style (double the lot every 100 pips reduction) and article here when/if I will manage to double again (800$) - at that point the first trade is going to probably be 0.04 (double compared to preceding, etc...).
But I had to increase the number of transactions and so the risk. Now I am trading maximum 5 transactions, so that means that the last one (when hopefully the trend will change again in my favor) is 0.16.

Hi Wattaman

thank you to your system. I exchange a similar one. If you do not mind, I love to make a little suggestion.

In my opinion you get a better outcome if you put a 8 or 10 pip sl along with a 10 pip tp on every transaction.
Should you lose then you double the next transaction. Where and if you enter it on this trade you decide. You dont need to take the following trade 10 pips or closer above or under the preceding one . It's possible to decide a much better opportunity.

On Your system I dont understand your last sl, but state its 10 pips behind the 3. You and trade shut than all trades. You've got a reduction from 110 pips 10x 3 from the trade x2 from the an 10x 4 from the last one. = 110.
On my advice you lose only 70 pips. 10 on 10x 4 on the next and the 10x 2 on the second = 70.

In your worst case you need the margin out of 0.08 lots. In my worst case I need the margin out of 0.04 lot.

And you also know the coin flip chance is allways 50:50.

From the picture I show you what I mean.

I hope I could help a little with this new outlook and my limited knowledge, an wish you a lot green pips and sorry for my bad english.

Originally Posted by ;

Hello guys, thanks for your interest. Concerning the indior: I don't know a lot about the arrows, sorry. It is useful only because it pulls the channel between the, therefore it may help entering/exiting a transaction. I just ignore those arrows. Aahmad29, you right. I don't go against the primary trend - that would be wrong, unless I'm 100% sure of a trend change (which is not, practically). But on M1, Once the price goes the opposite from the main trend and hits a station limit, it could be the time to open a transaction,...

the station maybe is donchian station

Originally Posted by ;

Hi Wattaman thank you for your system. I trade a similar one. If you don't mind I like to make a suggestion. In my opinion you get a better outcome if you put a 8 or 10 pip sl and a 10 pip tp on every transaction. If you lose you double the transaction. On this trade that is next you determine where and when you enter it. You dont need to take the following trade 10 pips or nearer above or beneath the previous one . You can pick a better chance. On your system I dont know your final sl, but state its 10 pips behind the 3. Trade and you close than all transactions....

Thanks for the advice, Eurix.
Actually there's no SL, that is why I need the EA (or another alternative) to close all transactions simultaneously, in case that trend changes. To many spikes closing transactions that would have won without a SL.
I'll try your suggestion after I'll accomplish my next target: double click the account again.
What I am searching for is a EA that will close all transactions when the reduction is xx% from the entire account. By way of example, the trend changes and my account is 400$, when/if the profit is going to be -100$ (25 percent) that the EA must close everything. I will eliminate the Close All button and then use this to manage the trades, if I can find this. I am still searching.

Originally Posted by ;

picture

Hello eurix,
Very interesting chart, perfect for tokyo/london overlap I guess ... Thank you for sharing.
May I know exactly what renko type you are using? . . Is that renko ?? . .

1 Attachment(s)

Originally Posted by ;

quote Thanks for the advice, Eurix. Actually there's no SL, that is why I want the EA (or any other solution) to shut all trades simultaneously, in case that trend varies. To a lot of spikes closing trades which would have won without a SL. I will try your suggestion after I will accomplish my target: double the account again. What I am looking for is a EA which will shut all trades when the loss is xx% from the account. For instance, the tendency changes and my account is 400$, when/if the profit is going to be -100$ (25%) that the EA must shut everything. If...

did you try these? I used to not yet, these are the EAs I've for account equity. I dont know if they match to your system. Please try on demo.

Https://www.forexsoutheast.asia/gene...ent-egies.html

and this I believe close the trades only if the equity is greater than now. So you must loe.
https://www.forexsoutheast.asia/fore...-breakout.html

1 Attachment(s)

Originally Posted by ;

quote Hello , Really interesting chart, perfect for tokyo/london overlap I guess ... Thank you for sharing. May I know what type you are using? . . Is that median renko ?? . .

Hello Thx

You can see on the picture on the right side along with the renko size. Its a 3 pip median renko and this is your ea.
https://www.forexsoutheast.asia/fore...36-trades.html

Originally Posted by ;

quote did you try them? I used to not, these are the EAs I have for account equity. I dont even know if they match to your system. Please try on demo. Https://www.forexsoutheast.asia/fore...ps-trades.html and this I think close the trades only if the equity is greater than now. So you must loe. file

Thx. I didn't play with it. But I don't think it has percentage quantity that is fixed.
I shall try later this week.

Eurix can you share your indiors pls !