Just before publishing the video I succeeded in improving the strategy: I added TP of 90 pips (900 points) and decreased the SL to 95 pips (850 points). I also changed the Bollinger bands to Mar period 190 and multiplier 2.85. The exit condition: Top Bottom price indicator that uses the previous month (vertical shift is 380). I hope you enjoed the video! Thank you all for watching and commenting!
Same thing for me, doesnt open any trades and cant backtest on MT. I tried it on smaller timeframes and changed Bollinger band settings, so that it would open a lot of trades, but it does not respond. Would like to test it and give you feedback, so could you please check it!
I get error while backtesting 2023.09.16 18:06:16.569 2023.07.21 09:30:00 Petko GBPUSD,M30: LabelDelete: failed to delete a text label! Error code = 4202
why is it not intallling and showing up on my MT5, i compiled it and refreshed the Advisers Folder and its not showing up? im doing everything ur doing in the video and it wont work
That's the way the EAs are designed and created in EA Studio. When they receive their signals from the market to open a trade, they do so on the next bar opening.
Hi, user-kg3qr1cf9d , have a look at the support page from the developer where he covers this topic: forexsb.com/forum/topic/7505/error-invalid-order-filling-type/
Thank you for showing us the Journal. It shows clearly how Martingale is working. However, this is a hazardous system. We shell trade it with a lower amount, and with money, we can double or afford to lose :)
Hey karthikeyanharikrishnan2363 , The error message "The order is cancelled because the entry amount is below the allowed minimum" in MetaTrader indicates that the size of the trade (or order) you are trying to place is smaller than the minimum trade size allowed by your broker. Try to increase the entry lot, on a demo account of course, or try with a different account type or broker that allows smaller entries.
Hi Rene-Mijs, as long as you have followed the steps to extract and install the EA onto your chart, it will open trades as soon as market conditions meet the rules of the strategy. Your account balance, lot sizes, choice of broker, their spreads, fees and commissions will also play a role in the frequency of trades. I'd suggest running a backtest in MT4 to get an idea of how it performed in the past with your broker.
Hi renatos3278, MT5 send a parameter called Order Filling Type to the server when sending orders. The strange part is that every broker has only one filling type, which must be possible to set this parameter internally, but not. The other quirk is that the method of checking the exact filling type doesn't work in MT. The EA Studio experts tries to detect the correct method, but the different brokers return different errors and we cannot make an universal solution. A workaround is to set the filling type manually. Find the GetOrderFillingType function at the end of the expert. Change it from: ENUM_ORDER_TYPE_FILLING GetOrderFillingType() { const int oftIndex=(int) SymbolInfoInteger(_Symbol,SYMBOL_FILLING_MODE); const ENUM_ORDER_TYPE_FILLING fillType=(ENUM_ORDER_TYPE_FILLING)(oftIndex>0 ? oftIndex-1 : oftIndex); return (fillType); }
Hola Petko, lo he instalado en MT4 cuenta demo TF h1, en EURUSD y despues de 24 horas aun no me aperturado ningun comercio, ¿tengo que modificar algun parametro?
Hola @ josepmariacasanovas1962 , una vez que las condiciones del mercado sean adecuadas, se abrirán operaciones. solo asegúrese de haber habilitado el comercio automático ANTES de instalar el robot en el gráfico, y de que ve una cara sonriente en la esquina superior derecha del gráfico
Hi menteses123, what do you mean? As long as you follow the steps to attach the EA to your chart, have enough capital in your account, leverage is set correctly and spreads are low, it will work. Run a backtest using open prices only and see for yourself the results of the past.
Hi Petko, i am trying to do a backtesting of this EA but it dont open any operation i dont know what happen , the register dont show any mistake or problem
Very nice thank you! One thing worth mentioning though is that the backtest on this EA is *incredibly* slow. I had a quick look at the source and the reason might be because it builds an array for lookback which is referenced constantly, slowing it down a LOT. For those interested, this is on line 5476 (I changed it from 3000 to 100 for testing purposes) with a loop within a loop at lines 5495 and 5497 among others... As any developer will know, embedded loops will kill performance, as we see here.
When creating or generating EAs in EA Studio, we can see instant backtest results. When changing any parameters, the results of the changes are in real-time, with all statistics
Hello @petko Nice effort bro ! I tried to backtest in mt4, this EA, its unfortunately not working. I tried in M15, EurUsd. Also EA is added to the chart. Since 2 days, no any trades are open ! Could you please advise ? Thanks in advance and keep grow together !
I had the same problem! It was not possible to test in MT4, when using "every tick", it only worked with "open prices only". Just started it up right now on demo account, so will see if it takes trades. Did you try adding Bollinger bands to the chart? That way you would know for sure, when it should take a trade.
Hi @666kgb666, when placing the EA onto the chart, check the properties (inputs). Also check the account type you have with your broker, as it may be an ECN account that doesn't allow larger lot sizes.
Hi dcoopr, this EA was designed specifically for EURUSD, but you can place it on a demo account, run a backtest and see what the results would be for Gold.
Hi Petko Thanks for everything you do for us... Is this EA to risky to try and use on a Prop Challenge? Or is there a way to reduce the risk? Thanks Andy
Look at video again, you can reduce lot size. Also you can use a cent account. $1000 on a cent account broker will read as $100000. Then using his trade size which he placed on $50000 demo acc will automatically reduce risk with 50%.
Thanks for sharing this bot Petko! I'm running it on 10 pairs and have had many trades, but is it OK to run it that way? 1 EA into 10 pairs, or shall I create 10 copies and run each copy per chart?
Hi olivergrasset6049, Although the expert advisor has been optimized for a particular asset market conditions will dictate how well it performs with different assets. You don't need to create 10 copies of the expert advisor you just need one expert advisor in your navigator window. Then simply attach the expert advisor to each individual chart. However, when you attach the expert advisor to each chart go to the inputs menu and change the magic number so that each expert advisor on each chart has a unique magic number so that you can accurately track the trades on each
Two weeks I asked your support team about ICT/SMC strategies if they would/are possible with your EA creation system. After asking me what ICT strategies were (which was partly worrying), I replied to which they then have not replied since, therefore are you able to answer this question. Can you create bots based on ICT or SMC rules yet or not?
@@PetkoAleksandrov ok thanks for confirming - I thought that might be the case, though I know some people have coded FVG, Imbalance etc indicators for MT4 - could they be incorporated?
The robots you create during the Free period are unlimited. You may make as many as you can. The best part is that you also receive the complete MQL code of the experts.
Hi cchongchannel8943, as Miroslav has said, you can create an unlimited number of EAs during the trial period, and the included EA in this video is free to use and will not expire
@@PetkoAleksandrov Ok great and thanks very much! By the way, have you heard of GS Spider 2023 EA? The latest version is 2023 but I saw free version 2020 somewhere online and it seemed quite profitable and interesting. It's a grid and hedge strategy robot if I'm not mistaken. Would you kindly also consider to just take a look at it to see if you are interested to share your testing on this EA with maybe one of your future videos? Thanks.
Net Martingale EA's will lose their asses (or your money) if the market goes into a trend. In a sideways market it can work but you'll need to totally disconnect yourself from any emotions.
Hi ikoyTOPG, it could be because the account balance is too low and your lot size is too large. Or perhaps your leverage is set to high and you don't have enough margin.
Do you mean no trades were opened during a backtest? If so, please check your settings - entry lots according to your account balance, leverage, and broker trading conditions.
Hi mikelowrey3565, every EA will go through profitable and unprofitable periods due to market conditions. The best would be to backtest it with your broker over recent historical data to get an idea of it's current and recent performance, and over a longer period to see it's overall robustness.
Hi raquelgameiro6536, in my FTMO Masterclass, I include EAs, and update them as needed after creating and testing new ones. You can grab it here with a 90% discount: eatradingacademy.com/s/JqTnm/
It isn't just 'risky' - martingale simply doesn't work, over a sufficient period you will always go bust. So this is very misleading, there is nothing remotely new here. Where ever you employ a martingale strategy you will bust out. You MAY make money before you bust out, that just depends on luck. But you'll always bust out, so the strategy is fatally flawed. You're just gambling.
This is not true... math is math. Martingale is risky for idiots and greedy people. The trick to Martingale is using it on a stable strategy. Martingale should only be applied to a profitable strategy 😢 in which case its no longer needed but does effectively make trading 100% win rate. 🤔 but the tiny lots needed will not make you financially free
Hi jdsouza1149, the results are based on a backtest, in which case it doesn't matter if it's a demo or real account, as long as the broker's spreads, fees and commissions are the same on both.
I use to do 1-minute scalping using it, 4 losses I could handle, but when it went beyond that it really was squeaky bum time... those double-ups can get very big, very quickly....
Hi DwayneThaGrindKing, it depends entirely on the market. If conditions are met, trades will open. If not, the EA will wait until conditions are right.
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
Just before publishing the video I succeeded in improving the strategy: I added TP of 90 pips (900 points) and decreased the SL to 95 pips (850 points). I also changed the Bollinger bands to Mar period 190 and multiplier 2.85. The exit condition: Top Bottom price indicator that uses the previous month (vertical shift is 380). I hope you enjoed the video! Thank you all for watching and commenting!
Hi Petko, I tried to run it on the tester but it did not work. Can I download somewhere working ea?
Hello Petko, I tried with a demo account but no positions are opened even though the EA is active.
Same thing for me, doesnt open any trades and cant backtest on MT. I tried it on smaller timeframes and changed Bollinger band settings, so that it would open a lot of trades, but it does not respond. Would like to test it and give you feedback, so could you please check it!
@@doc1204 he played us for views😂
Same here been days and no open trades
Thank you Petko... Very gd content... The best is the way you warn traders how dangerous is Martingale strategy.
Quick question: why are you coding each and every indicator used by the EA instead of calling a built-in MT4 function like iBands for example?
I get error while backtesting 2023.09.16 18:06:16.569 2023.07.21 09:30:00 Petko GBPUSD,M30: LabelDelete: failed to delete a text label! Error code = 4202
How does this value entry work "Amount to close on reduction [lot]" and the break-even point?
why is it not intallling and showing up on my MT5, i compiled it and refreshed the Advisers Folder and its not showing up?
im doing everything ur doing in the video and it wont work
Hi prodATM, is it showing up in the Navigator tab? Try resetting your MT5 platform after copying the EA into the Experts folder.
@@PetkoAleksandrov thanks!
It's only working Modeling: Open prices only. When trying to run a backtest.. any comments on that??
That's the way the EAs are designed and created in EA Studio. When they receive their signals from the market to open a trade, they do so on the next bar opening.
hi, im trying to make a backtest with the EA and ,it still doesnt work, can you help?
it says: "ActionTrade::ManageOrderSend(): OrderCheck(): Invalid order filling type" in the jornal in backtest
Hi, user-kg3qr1cf9d , have a look at the support page from the developer where he covers this topic: forexsb.com/forum/topic/7505/error-invalid-order-filling-type/
Thank you for showing us the Journal. It shows clearly how Martingale is working. However, this is a hazardous system. We shell trade it with a lower amount, and with money, we can double or afford to lose :)
Hi Petko, I'm getting the following error "The order is canceled becasue the entry amount is below the allowed minimum". Can you assist on that.
Hey karthikeyanharikrishnan2363 , The error message "The order is cancelled because the entry amount is below the allowed minimum" in MetaTrader indicates that the size of the trade (or order) you are trying to place is smaller than the minimum trade size allowed by your broker. Try to increase the entry lot, on a demo account of course, or try with a different account type or broker that allows smaller entries.
hello the expert advisor doesnt place any trades can you help me?
Hi Rene-Mijs, as long as you have followed the steps to extract and install the EA onto your chart, it will open trades as soon as market conditions meet the rules of the strategy. Your account balance, lot sizes, choice of broker, their spreads, fees and commissions will also play a role in the frequency of trades. I'd suggest running a backtest in MT4 to get an idea of how it performed in the past with your broker.
i am using MT5 on MAC and i am somehow unable to copy and paste the file into the data folder, can you assist please?
Downloaded and started. It doesn't work (Invalid order filling type)😡
Hi renatos3278, MT5 send a parameter called Order Filling Type to the server when sending orders. The strange part is that every broker has only one filling type, which must be possible to set this parameter internally, but not. The other quirk is that the method of checking the exact filling type doesn't work in MT.
The EA Studio experts tries to detect the correct method, but the different brokers return different errors and we cannot make an universal solution.
A workaround is to set the filling type manually.
Find the GetOrderFillingType function at the end of the expert.
Change it from:
ENUM_ORDER_TYPE_FILLING GetOrderFillingType()
{
const int oftIndex=(int) SymbolInfoInteger(_Symbol,SYMBOL_FILLING_MODE);
const ENUM_ORDER_TYPE_FILLING fillType=(ENUM_ORDER_TYPE_FILLING)(oftIndex>0 ? oftIndex-1 : oftIndex);
return (fillType);
}
Hola Petko, lo he instalado en MT4 cuenta demo TF h1, en EURUSD y despues de 24 horas aun no me aperturado ningun comercio, ¿tengo que modificar algun parametro?
Hola @ josepmariacasanovas1962 , una vez que las condiciones del mercado sean adecuadas, se abrirán operaciones. solo asegúrese de haber habilitado el comercio automático ANTES de instalar el robot en el gráfico, y de que ve una cara sonriente en la esquina superior derecha del gráfico
not working !@!@!@!
Hi menteses123, what do you mean? As long as you follow the steps to attach the EA to your chart, have enough capital in your account, leverage is set correctly and spreads are low, it will work. Run a backtest using open prices only and see for yourself the results of the past.
Dear Mr Petko, which pairs and tf do you kindly suggest for test this EA?
Look in the video..., EURUSD M15
Hi gabrielecacciamani6355, as @doc1204 has said, this EA has been created for EURUSD M15
Hi Petko, i am trying to do a backtesting of this EA but it dont open any operation i dont know what happen , the register dont show any mistake or problem
Hi tomasvelasquez7455, make sure you have selected open prices only for the test, as the EA opens trades on new bars only.
Do we need to use a specific timeframe?
Hi portuguesepilot8912, this EA was created for EURUSD M15
Very nice thank you!
One thing worth mentioning though is that the backtest on this EA is *incredibly* slow. I had a quick look at the source and the reason might be because it builds an array for lookback which is referenced constantly, slowing it down a LOT. For those interested, this is on line 5476 (I changed it from 3000 to 100 for testing purposes) with a loop within a loop at lines 5495 and 5497 among others... As any developer will know, embedded loops will kill performance, as we see here.
When creating or generating EAs in EA Studio, we can see instant backtest results. When changing any parameters, the results of the changes are in real-time, with all statistics
I did the back test, but it is empty result and no graph shown.
Same
What Time fram we use sir
Hi Kompang888, this EA was designed for EURUSD M15
Hello @petko Nice effort bro ! I tried to backtest in mt4, this EA, its unfortunately not working. I tried in M15, EurUsd. Also EA is added to the chart. Since 2 days, no any trades are open ! Could you please advise ? Thanks in advance and keep grow together !
I had the same problem! It was not possible to test in MT4, when using "every tick", it only worked with "open prices only". Just started it up right now on demo account, so will see if it takes trades. Did you try adding Bollinger bands to the chart? That way you would know for sure, when it should take a trade.
no matter what i do, the trades are always at 0.01 lots, how to fix this pls if i want to do 1 lot?
Hi @666kgb666, when placing the EA onto the chart, check the properties (inputs). Also check the account type you have with your broker, as it may be an ECN account that doesn't allow larger lot sizes.
Thanks Petko, you are the Best!
Thanks for sharing this video, I enjoyed it!
How did you use data quality on mt4
Hi what do you think of the pip collector EA please
Hi jorgensen60, I haven't tested it, but I will look into it and if it's worthwhile, make a video about it sometime
Hi , is there distance control to additional trades
Thanks for all
Total waste of time, this EA. Only loses. Keep it for yourself
Will this EA work on XAU gold trading? Thank you !
Hi dcoopr, this EA was designed specifically for EURUSD, but you can place it on a demo account, run a backtest and see what the results would be for Gold.
Hi Petko
Thanks for everything you do for us...
Is this EA to risky to try and use on a Prop Challenge? Or is there a way to reduce the risk?
Thanks Andy
Look at video again, you can reduce lot size.
Also you can use a cent account. $1000 on a cent account broker will read as $100000. Then using his trade size which he placed on $50000 demo acc will automatically reduce risk with 50%.
Thanks for sharing this bot Petko! I'm running it on 10 pairs and have had many trades, but is it OK to run it that way? 1 EA into 10 pairs, or shall I create 10 copies and run each copy per chart?
Hi olivergrasset6049, Although the expert advisor has been optimized for a particular asset market conditions will dictate how well it performs with different assets. You don't need to create 10 copies of the expert advisor you just need one expert advisor in your navigator window. Then simply attach the expert advisor to each individual chart. However, when you attach the expert advisor to each chart go to the inputs menu and change the magic number so that each expert advisor on each chart has a unique magic number so that you can accurately track the trades on each
@@PetkoAleksandrov OK, great! Thanks for your help :)
Hello Petko, I have another quick question: Does the martingale have a ceiling?
how long it took for do the 1460%?
i want RSI overbought martingle ea bro how can i creat it
Either code it yourself using MQL5, or use the no-code tool Petko uses.
the EA cannot backtest in MT4
U ea don’t waorj work I tried it it didn’t open anything
Ok
Great content. Thanks for sharing
is Martingale strategy work to all currency pair?
Hi @bongzam3647, a martingale system can work on any asset, however this robot has been designed to work on EURUSD M15.
Two weeks I asked your support team about ICT/SMC strategies if they would/are possible with your EA creation system. After asking me what ICT strategies were (which was partly worrying), I replied to which they then have not replied since, therefore are you able to answer this question. Can you create bots based on ICT or SMC rules yet or not?
Hey mate, not the EA Studio uses only MT indicators. I will check myself what they replayed but I am pretty sure they told you the same. :)
@@PetkoAleksandrov ok thanks for confirming - I thought that might be the case, though I know some people have coded FVG, Imbalance etc indicators for MT4 - could they be incorporated?
Sir please make a good robot which can be traded in 100$ or 200$ amount. It will have small SL and good TP.
Hi SweetAI1920, check out this video, with included link to download the EA in the video description: ruclips.net/video/ib9ce2bnK1k/видео.html
Can you please test for me a certain robot called pip rocket scalper and see how it works please?
Downloading and testing out on a demo, let you guys know how it goes
how's it going?
Do you have crypto martiangle bot? for free?
Hi muhammedahmad6152, no, I haven't created such an EA yet
Thanks for sharing. Is this EA unlimited or only valid for certain period?
The robots you create during the Free period are unlimited. You may make as many as you can. The best part is that you also receive the complete MQL code of the experts.
Hi cchongchannel8943, as Miroslav has said, you can create an unlimited number of EAs during the trial period, and the included EA in this video is free to use and will not expire
@@PetkoAleksandrov Ok great and thanks very much! By the way, have you heard of GS Spider 2023 EA? The latest version is 2023 but I saw free version 2020 somewhere online and it seemed quite profitable and interesting. It's a grid and hedge strategy robot if I'm not mistaken. Would you kindly also consider to just take a look at it to see if you are interested to share your testing on this EA with maybe one of your future videos? Thanks.
Net Martingale EA's will lose their asses (or your money) if the market goes into a trend. In a sideways market it can work but you'll need to totally disconnect yourself from any emotions.
You are correct. The Martingale money management is risky for own accounts. However, it suits well in FTMO challenges.
Thank you, @MiroslavPopov
What is the risk ?
As with all grid systems, the risk is running out of margin and the account blowing
Why your bot doesnt open trades?
Hi ikoyTOPG, it could be because the account balance is too low and your lot size is too large. Or perhaps your leverage is set to high and you don't have enough margin.
Thanks for the bot first of all. I tried it but it does not open trades unfortunately (even with open prices only)
Do you mean no trades were opened during a backtest? If so, please check your settings - entry lots according to your account balance, leverage, and broker trading conditions.
@@PetkoAleksandrov Yes, during backtest. The settings seem to be in order... many others in the comment section seemed to be having the same issue.
@@robinr1359 Check the journal to see why this might be happening.
Muito top. Vou testar ele hoje
Very sniper a EA I like it🎉
please review about Master Nasdaq EA Sir. Good single entry EA
Does it still work?
Hi mikelowrey3565, every EA will go through profitable and unprofitable periods due to market conditions. The best would be to backtest it with your broker over recent historical data to get an idea of it's current and recent performance, and over a longer period to see it's overall robustness.
Thanks for this amazing videos,any free bot you would recommend to use to pass prop firms?without martingale?thanks a lot
Hi raquelgameiro6536, in my FTMO Masterclass, I include EAs, and update them as needed after creating and testing new ones. You can grab it here with a 90% discount: eatradingacademy.com/s/JqTnm/
best content
It is working but you have stop it If speach come up Fed
Hi stefanmajzel6963, you should almost always stop your EAs trading during major news events.
Bot link please
Link is in the video description below the video
Someone used this robot from the publishing to this time?
You can run a backtest with your broker to see the results over any period of time
It isn't just 'risky' - martingale simply doesn't work, over a sufficient period you will always go bust. So this is very misleading, there is nothing remotely new here. Where ever you employ a martingale strategy you will bust out. You MAY make money before you bust out, that just depends on luck. But you'll always bust out, so the strategy is fatally flawed. You're just gambling.
This is not true... math is math.
Martingale is risky for idiots and greedy people. The trick to Martingale is using it on a stable strategy. Martingale should only be applied to a profitable strategy 😢 in which case its no longer needed but does effectively make trading 100% win rate. 🤔 but the tiny lots needed will not make you financially free
similar to dark venus ea
martingale is good but needs extra attention to risk management
Hi kidyhe2223, absolutely correct. That's why we always trade low risk with protections for grid martingale EAs
Real or demo account
Hi jdsouza1149, the results are based on a backtest, in which case it doesn't matter if it's a demo or real account, as long as the broker's spreads, fees and commissions are the same on both.
Martingale scary word for me 😂
I use to do 1-minute scalping using it, 4 losses I could handle, but when it went beyond that it really was squeaky bum time... those double-ups can get very big, very quickly....
Hi DwayneThaGrindKing, it depends entirely on the market. If conditions are met, trades will open. If not, the EA will wait until conditions are right.
where donwload
Hi hoctienganhquade8929, the download link is in the description below the video
KO!!!
2024.04.20 15:48:27.101 Core 1 2022.01.26 09:26:13 Error: ActionTrade::ManageOrderSend(): OrderCheck(): Invalid order filling type
Please take a look at this thread, answered by the developer of the software: forexsb.com/forum/topic/7505/error-invalid-order-filling-type/