Hello Fellas,
I am trading in FOREX almost 6 years. At the beginning I tried several times to find EAs which will make profit constantly without risk (a.ka. HOLY GRAIL). I used several strategies, like Breakout scalpers, HFT scalpers, trends scalping, martingale etc...
After several years, I realized that is almost impossible to find such EA. In HFT EA, even if you have very fast VPS the broker will stop you to make a profit and you will have only whipsaw effect and losses and losses. With Martingale, you will blow up your account for sure one day. Next point, is that any indicator can’t predict the future. This is impossible. So what we can do? How to develop some good and stable EA?
What we can do, is little bit change the way of thinking and try to use statistics and probability. The main idea and strategy in Leviathan EA is to have first entry on the market with 70% accuracy. If the signal was fake and incorrect, then next martingale level is opened, so it means another entry with 70% accuracy. If the signal was missed and fake again, it will open next martingale positions etc. How many times we can have fake signal in a row? 4 times? 5 times? so calculating accuracy 70% x 70% x 70% x 70% x 70% and then HEDGE position is opened.
Provided settings is opening Martingale till 4 level. After this level EA is considering H4 TF and opening counter trade (HEDGE) to close all positions. HEDGE is not making any profit, its just to save all open positions and close them without any loss.
The current EAs is using concept of PipsCut, Trio Orchestra, Illan etc, but instead of using 3 modules for martingale is using only two modules:
One for opening positions, using martingale (provided settings opening positions only to martingale Level 3). Second module for opening HEDGE positions (provided settings opening only 1 hedge trade with big LOT). EA has also trailing function, time closing functionality, time filter etc. NEWS filtering is not in the EA and I wouldn’t do it. Main reason is that EA must survive everything. I saw many times in forex, that there was no big news during the day and during the night session there was huge movement. Thats why I don’t like ASIAN scalpers etc. You never know what happen in the future.
I will prepare some manual for it. What we need is to just little play and tune the settings. However EA is quite slowly in BT due to the THV indicator.
EA is using following strategies and indicators for opening first trades:
ADX strategy:
tradingstrategyguides.com/best-adx-strategy/
For opening first trade ADX => 20, martingale & hedge => 30, this can be changed in the settings of EA
TDI strategy
forexfactory.com/showthread.php?t=588548
mql5.com/en/blogs/post/686791
THV indicator
forexfactory.com/showthread.php?t=127271
Recommended TF is M15, for HEDGE EA is using H4 for THV. And currency is EURUSD for the beginning. I was able to survive BT from 2014 till today. However this not sufficient as I am looking for settings to survive at least 10 years. I realized that , when you are playing with the real money, you need to trust to your EA and do not make panic and closing positions too early.
I think that strategy is okay, and what we need is to tune the settings. The EA is unlocked, and trial period is ending 30.6.2019.
Recommend LOT Size is 0.01 per 500 USD. Feel free to put any comments.
Have a great day guys.
Vlado
I am trading in FOREX almost 6 years. At the beginning I tried several times to find EAs which will make profit constantly without risk (a.ka. HOLY GRAIL). I used several strategies, like Breakout scalpers, HFT scalpers, trends scalping, martingale etc...
After several years, I realized that is almost impossible to find such EA. In HFT EA, even if you have very fast VPS the broker will stop you to make a profit and you will have only whipsaw effect and losses and losses. With Martingale, you will blow up your account for sure one day. Next point, is that any indicator can’t predict the future. This is impossible. So what we can do? How to develop some good and stable EA?
What we can do, is little bit change the way of thinking and try to use statistics and probability. The main idea and strategy in Leviathan EA is to have first entry on the market with 70% accuracy. If the signal was fake and incorrect, then next martingale level is opened, so it means another entry with 70% accuracy. If the signal was missed and fake again, it will open next martingale positions etc. How many times we can have fake signal in a row? 4 times? 5 times? so calculating accuracy 70% x 70% x 70% x 70% x 70% and then HEDGE position is opened.
Provided settings is opening Martingale till 4 level. After this level EA is considering H4 TF and opening counter trade (HEDGE) to close all positions. HEDGE is not making any profit, its just to save all open positions and close them without any loss.
The current EAs is using concept of PipsCut, Trio Orchestra, Illan etc, but instead of using 3 modules for martingale is using only two modules:
One for opening positions, using martingale (provided settings opening positions only to martingale Level 3). Second module for opening HEDGE positions (provided settings opening only 1 hedge trade with big LOT). EA has also trailing function, time closing functionality, time filter etc. NEWS filtering is not in the EA and I wouldn’t do it. Main reason is that EA must survive everything. I saw many times in forex, that there was no big news during the day and during the night session there was huge movement. Thats why I don’t like ASIAN scalpers etc. You never know what happen in the future.
I will prepare some manual for it. What we need is to just little play and tune the settings. However EA is quite slowly in BT due to the THV indicator.
EA is using following strategies and indicators for opening first trades:
ADX strategy:
tradingstrategyguides.com/best-adx-strategy/
For opening first trade ADX => 20, martingale & hedge => 30, this can be changed in the settings of EA
TDI strategy
forexfactory.com/showthread.php?t=588548
mql5.com/en/blogs/post/686791
THV indicator
forexfactory.com/showthread.php?t=127271
Recommended TF is M15, for HEDGE EA is using H4 for THV. And currency is EURUSD for the beginning. I was able to survive BT from 2014 till today. However this not sufficient as I am looking for settings to survive at least 10 years. I realized that , when you are playing with the real money, you need to trust to your EA and do not make panic and closing positions too early.
I think that strategy is okay, and what we need is to tune the settings. The EA is unlocked, and trial period is ending 30.6.2019.
Recommend LOT Size is 0.01 per 500 USD. Feel free to put any comments.
Have a great day guys.
Vlado
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Thank you