Martingale Mania X ~ Dumping Megan
Filed Under (EA System, Journal) by Casey on 11-09-2009
Tags: Backtest, Best Forex Sniper, Cyborg EA
Well… not exactly dumping her… It is no secret that I just love Megan Fox… beautiful, sexy and elegant. And like any beautiful women… they are also dangerous. That is how I equate Martingale system to.
Treat them right and they will show you what heaven is… treat them wrong and you get $hit for it…
Over the past installments of my Martingale Mania series… It was a lesson or rather journey to my understanding about what Martingale system was all about and most importantly how to handle a strategy like this…
So before I started to dive into my second phase of backtesting with Best Forex Sniper… I put more thought into what I have learn and what I was going to go through…
Imagine… I was testing going to test these 6 currency pair, each would take 12 hours per year… of course I was just stumped.
By my calculation, if I were to backtest every year per currency pair, it would take me like… 63 rounds. And if I were to continuously test every round at 12 hours each round it would take 31.5 days!!!
Man… there has got to be another way… So I took a step back and studied the charts, backtesting results and of course… some other forex reading material
Then boom!!
Grid strategy’s strength is it thrive on ranging markets… and lousy on trending markets and volitile markets. So when is it a trending and volatile? Usually when volume are high and during news hour…
I realize that Best Forex Sniper does not have a time filter… So it really took me a few steps back… I thought of rewriting Sniper EA when I realize that Cyborg has a time control algorithm in it’s EA… so why reinvent the wheel?
With all the ideas or lessons that I have learned in the Martingale Mania series… I dump it into Cyborg… and voila!!
After some testing…. (Cyborg backtesting took a shorter time frame than Sniper) I was able to find and identify my first currency pair that ran ’straight’ through from 1999 till 31 August 2009 with Cyborg!!!
It was by chances that I choose EURCHF… well, it was not exactly or totally by chance… I have to thank Onur who suggested I take a better look into EURCHF…
Just for fun sake… I actually manage to complete backtest Sniper on EURCHF… for 2008… and here was the results…
As you can see… HUGE differences… Well with this success on Cyborg… I believe it is time to end the Martingale Mania series… And begin a new series entitled Conquering Cyborg
Now… before I continue, I am going to be a bastard here… If you manage to pull up the backtesting results on Cyborg… you will not see the settings or parameters… This is because I have deleted it…
I really want to continue with more backtesting… That’s because I found the profit factor to be a bit of a pain… 4000 profit for a 2000 drawdown since 1999… It’s not exactly that profitable. However… all the hints are in my blog… nothing new, just mixing and matching…
Still this is just the tip of the iceberg… once or if successful… I am going to hold the Cyborg developer for ransom!!
Muahahahaha…..
nice posting
which pairs do you think are promising for cyborg?
I know the creator recommends the eur/usd and gbp/usd. I also know from bitter experience on a live account in the early days I was using cyborg that the USD/JPY isn’t suited to cyborg. I have also tried some limited forward testing in demo recently and aud/usd and nzd/usd are likely to trigger the additional orders making them higher risk, whereas some of the euro crosses like eur/gbp and eur/chf look promising, but it is too early to tell.
I am looking forward to your next posting and some in depth back testing results
Hehhehe! It is interesting how you gave meaning to this trading strategy by relating it to Megan Fox. Well, we all have our megans. Currently I am trading Steinitz MTF HAS. Steinitz is a big lier, but at least his live statement is now published http://steinitz.mt4live.com (update every 5 minutes) and we can tell for sure how the strategy is doing. After a long search, I am also trading RoboMiner. Since stops is for losing money to broker spread, I am focusing on trading strategies with grids. The one I like most is a monthly subscription http://www.trading-volume.com, which is automated via account copier (copies trades automatically from the default account on server). If I find another ea that has made me money consistently, I will let you guys know.