Daily Martingale code

Juan Salas · Tue, 26 Dec 2017 15:41:09 +0000

Dear Colleagues, I am trying to put together a simple Daily Martingale Code. The system start at 090000 every day a takes the price at that time as reference (levelZERO) for the rest of the day. If the price goes up from levelZERO and pass the 10 pips up (level1up) opens a BUY STOP order with a SL=20 and PF=20 If the price goes down from levelZERO and pass the 10 pips down (level1down) opens a SELLSHORT STOP order with a SL=20 and PF=20 Every time our operation goes wrong and start again, the Martingale doubles the position size. The idea is to create and area of 30 pips up and 30 pips down in which, if the price trespass those levels up or down, it is a winning operation (20 pips) and then no more trading for the day. We all know the risk of the Martingale or any other systems based on the accumulation of orders, but since the operations are close daily and the range is 30 pips up and down from the starting price (levelZERO) at 090000, I felt very curious to see the long term results. I have put together the code below, but it seems that after the first operations, it stops. I know there is a way to keep the STOP orders active in the following bars but I don’t remember how it goes. Everything I tried is not working, so I will leave the code here in case anyone finds the problem. // GRIDDIARIO20 5' DAX //---------------------------- // PARAMETERS DEFPARAM CumulateOrders = false DEFPARAM Flatbefore = 090000 DEFPARAM Flatafter = 210000 // DAILY operations. It resets the variable each new DAY IF INTRADAYBARINDEX = 0 THEN nomoretrading = 0 ENDIF // NO MORE TRADING per DAY if one operation is POSITIVE (20 pips) IF positionperf(1)>0 THEN nomoretrading=1 ENDIF // Positioning perdida1 = positionperf(1)<0 perdida2 = positionperf(1)<0 and positionperf(2)<0 perdida3 = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0 perdida4 = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0 and positionperf(4)<0 perdida5 = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0 and positionperf(4)<0 and positionperf(5)<0 perdida6 = positionperf(1)<0 and positionperf(2)<0 and positionperf(3)<0 and positionperf(4)<0 and positionperf(5)<0 and positionperf(6)<0 IF INTRADAYBARINDEX = 0 THEN positionsize=1 ENDIF IF perdida1 THEN positionsize=2 ENDIF IF perdida2 THEN positionsize=4 ENDIF IF perdida3 THEN positionsize=8 ENDIF IF perdida4 THEN positionsize=16 ENDIF IF perdida5 THEN positionsize=32 ENDIF IF perdida6 THEN positionsize=32 ENDIF // STOP LOSS and PROFITs SET STOP pLOSS loss1 SET TARGET pPROFIT profit1 profit1 = 20 loss1 = 20 // Distancia GRID disgrid1 = 10 // Determinición niveles GRID IF time=090000 AND nomoretrading=0 THEN levelZERO = close ENDIF level1up = levelZERO + disgrid1*pipsize //level2up = level0 + disgrid2*pipsize level1down = levelZERO - disgrid1*pipsize //level2down = level0 - disgrid2*pipsize // ORDERS ////////////////////////////////////////////////////////////////////////////////////////////////////////// IF nomoretrading=0 THEN BUY positionsize CONTRACT AT level1up STOP SELLSHORT positionsize CONTRACT AT level1down STOP ENDIF Thanks, Juan

This topic has 18 replies, 6 voices, and was last updated 7 years ago by Juan Salas.

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12/29/2017 at 10:06 PM #56843

verdi55

It sounds too good to be true, and probably is.

Instead you may want to study lawn-mower systems, as I call them for myself. These are trading systems that have no fixed parameters, but use statistical distributions for the main parameters. Look at my comment for the system of the week and you may understand.

verdi55
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12/29/2017 at 11:05 PM #56847

Juan Salas

@juanj, @verdi,

I will check the link. Lately, I am very interested in hedges, grids, and martingales, although I know that is a risky (and most of the time loser) game. I will also check lawn-mower to see what I get.

I am studying some of the codes here that, following technical analysis parameters, are very consistent and low risk, but at the same time I am obsessed with the idea of finding an strategy that can work everyday during normal hours (070000 to 200000) and with fix SL/PF. So far, no luck. This simple 60 pips grid with martingale was a naive attempt. As I learn more of Martingales, more I realised how futile is the effort to put any kind of filter (Nicolas, I knew you were right, but I am very stubborn).

Juan Salas
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12/29/2017 at 11:58 PM #56850

verdi55

amor, che muove il sole e le altre stelle…

verdi55
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12/30/2017 at 12:06 AM #56851

Juan Salas

Vorrei poterlo fare….(I wish I could)

Juan Salas
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