The DANGERs of Grid Martingale EAs

Рет қаралды 4,583

Күн бұрын

Combining Grid and Martingale money management into a strategy can have some very nice and smooth looking balance charts. However, there are some hidden dangers users need to be aware of.
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ABOUT LISA FOREX
Lisa Forex is a random person on the internet sharing her experiences and journey through the hurdles of Forex Trading.
TIMESTAMPS
0:00 What is Grid Martingale?
1:05 High Risk Strategy
2:58 Working with High Risk Strategies
5:15 High Risk Experiment
6:55 Perceptrader AI Settings
11:07 Backtesting Results
11:28 Setting Up The Experiment
Disclaimer: This is not financial advice. Please do your own analysis and testing. Forex is a high risk activity where you can lose all your money.
This KZfaq channel will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. The purpose of this channel is to share my journey about forex robot trading, and sometimes include product recommendations. I do believe in the products I mention, and have experience with them. I will never promote a product I haven't tried or think you'll benefit from. If you do purchase through my affiliate link, thank you so much for your support!

Пікірлер: 98

@LisaForexx 2 ай бұрын

erceptrader AI EA : lisaforex.com/perceptraderai Waka Waka EA : lisaforex.com/wakawaka FREE account protector : lisaforex.com/t/accountprotector

@theBoy_69_ 2 ай бұрын

erceptrader

@PhilipJLudlam 2 ай бұрын

The only metric to consider with Grid (Martingale) EAs is Free Margin. Everything else is secondary

@LisaForexx 2 ай бұрын

Wise words

@daniellim9640 2 ай бұрын

I understand the dangers of grid martingale but its the only strategy that worked for me and so I came up with a bot that was generating me $25-50 dollars a day with a $1000 balance. The idea is to have a system whereby the bot takes profit when the equity reaches a certain amount (in my case 50$). The reason being is that having an automated grid martingale bot we obviously wont always be looking at the charts as it defeats the purpose of having an algorithm that trades for us to get "passive income". My settings for my bot is 0.01 lot size, 1.7 lot multi, 250 pip step and 200 take profit. I dont recommend having a very strict trend meter filter for the bot to enter trades. I trade Gold during the asian session btw.

@LisaForexx 2 ай бұрын

Nice. Thanks for sharing

@donyxd3365 2 ай бұрын

Hey daniel May i ask how much did you profit from this strategy during it's lifetime?

@daniellim9640 2 ай бұрын

@@donyxd3365 approximately 2k usd

@theBoy_69_ 2 ай бұрын

trading gold with an Grid martingale EA is suicide. Say goodbye to your account when the next strong gold move happens.

@renovationdiyhome7458 2 ай бұрын

Exactly. I do it few weeks ago with one of these stupids EA on xau/usd. The market jump at the hightests levels recently like you know... and the account blow up. Thanks to ic markets for closing all the positions and to don't recovering the negativ amount on accounts. This is the reality of grid EA on xau 😁

@JH-341 2 ай бұрын

This is an excellent idea to trade,Thanks for sharing!

@LisaForexx 2 ай бұрын

No worries!

@Logan-bk8lz 2 ай бұрын

This is such a good way to approach grid martingle. Im personally not going to use grid martingle on any long term growth accounts due to hearing other's experiences with Waka Waka. I definitely may try this though. Thanks!

@LisaForexx 2 ай бұрын

Stay tuned for updates on this experiment

@humbus-capital 2 ай бұрын

Quite interesting setup. Not something I would do, but I am curious to follow it up.

@LisaForexx 2 ай бұрын

a fun experiment

@nickgangadis8679 2 ай бұрын

Thank you for another great video. Have you ever experimented with grid/anti-martingale EAs?

@LisaForexx 2 ай бұрын

Hi. Depends on what your definition of grid/anti-martingale EAs is. If you're referring to decreasing lot sizing, then yes. The idea is good, but then you need much bigger retracements to come out in profit. Works with some currencies.

@dejarule1276 2 ай бұрын

The problems about Grid Martingale systems is that people over leverage. Every single Expert Advisor needs to be back-tested and you need to know what lot size your account can accommodate. A lot of people like easy money hence they take large lot sizes on martingale systems. Same with the people complaining about the Forex Recovery Bot or Waka Waka EA's etc. Everyone wants to get rich quick. It is a marathon and not a sprint, always use low risks and know what lot sizes you require in the worst case scenario. Risk on Risk off simple maths.

@LisaForexx 2 ай бұрын

Really insightful comment! I totally agree, many people blame the ea when it's not the ea's fault. As a user, they need to understand how it works, its strengths and weaknesses, plan the trading, and take accountability for their actions.

@gero6570 20 күн бұрын

Hi Lisa, thank you for the video, do you have any update about your demo testing with PAI and Waka-Waka high risk with payouts? After viewing your video, I've researched a lot on using PAI with periodical payouts and I am currently testing it on a live account.

@LisaForexx 20 күн бұрын

Yes, I had 2 accounts that doubled in the last 2 days. Waiting for the video editor before I can publish.

@uforex911 2 ай бұрын

It's such a creative idea to trade. I am doing it in similar way which is to allocate $900-1000 per account. They trade 0.01 lot and most accounts have at least 2 EAs - use EAs that are unlikely to have correlation. If they reach $1200 threshold then move fund to fund a new account that may have the same EAs but different risk or mix of EAs. What I find so is that some EAs or account may close in a loss for the day but other EAs can cover the loss. Perhaps I would add WW this way too. Thanks for sharing!

@LisaForexx 2 ай бұрын

good ideas

@jamesjohnson7498 2 ай бұрын

I trade a grid martingale on 4hr, 8hr charts with FIXED LOT SIZE

@LisaForexx 2 ай бұрын

thx for sharing

@lachezarkrastev7123 2 ай бұрын

Nice!

@LisaForexx 2 ай бұрын

Thank you! Cheers!

@CaptainMoroni9 2 ай бұрын

interesting, thanks!

@LisaForexx 2 ай бұрын

Thanks. A fun experiment.

@joostvandervis8040 2 ай бұрын

Nice you will do this experiment with Perceptrader AI… In your demo you set the $6.000 barrier to flow $3.000 out. But where do you set this $6.000 in your experiment? I didnt see it and do not know where this can be set

@LisaForexx 2 ай бұрын

You can't do this using settings in live trading. You will need to manually with draw or create a new demo account

@lifebullmans8154 2 ай бұрын

If I may, off topic. I have waka trading for a few months on $10K account (not prop) on mid risk, Isaw drow downs on I'd say up to around $200. Wouldn't I be better off splitting the account to 2 $5000K and trade them both on mid risk ? Thanks.

@LisaForexx 2 ай бұрын

That's really up to your own risk appetite. I like having my money spread over multiple brokers

@theBoy_69_ 2 ай бұрын

doesnt make sense. just increase the risk to 2X of the mid risk equity percentage.

@Kevin-nw4ju 2 ай бұрын

Hey Lisa thx for the vid. With the crackdown on prop firms are there any you still use where u are able to run your eas on MT4/MT5 platforms?

@LisaForexx 2 ай бұрын

Unfortunately I can't share the EA I use due to copytrading rules

@Kevin-nw4ju 2 ай бұрын

@@LisaForexx sorry not the EA you use - was asking about the prop firms you use that still use mt4 and mt5. Thx

@LisaForexx 2 ай бұрын

@Kevin-nw4ju ftmo and funded engineer are on mt5. Tff I'm on ctrader. Tft is down. Currently testing heron copier to copy trades from mt4 to ctrader.

@Kevin-nw4ju 2 ай бұрын

@@LisaForexx thank you Lisa. Much appreciate it. Keep up the good work

@guntherwinkelmans173 2 ай бұрын

You should check out The Concept Trading, they allow everything. Payouts in 24 hours!

@user-xp5sb8em2y 2 ай бұрын

is there a settings in perceptrader to automatically withdraw? or you need to monitor and withdraw it manually?

@LisaForexx 2 ай бұрын

Yes, i showed it in the settings section

@theBoy_69_ 2 ай бұрын

@@LisaForexx i think he means in live trading to which the answer would be no.

@johnw6648 2 ай бұрын

@@LisaForexx i think we would still need to access the brokers cabinet and withdraw the funds right?

@user-xp5sb8em2y 2 ай бұрын

@theBoy_69_ yes, this is what i mean. Anyway, thank you so much, lisa, for this new idea.

@LisaForexx 2 ай бұрын

@user-xp5sb8em2y ah, sorry i misunderstood the question. You will need to withdraw manually

@thinking4177 Ай бұрын

Hi Again I have an IC account your say's Hedge mine say's Hedge Raw trading my results are not the same as your?

@LisaForexx Ай бұрын

Possibly different base currencies.

@gojdff 2 ай бұрын

Are you running the Perceptrader on all currencies Lisa?

@LisaForexx 2 ай бұрын

yes

@gojdff 2 ай бұрын

What about the experiment with the Waka, are you also running it on all currencies?

@LisaForexx 2 ай бұрын

@@gojdff yes

@adsmouni 2 ай бұрын

But if you combine a grid martingale EA with the recovery bot, you would not loose any money because the recovery bot will recover all the drawdown then you can restart the grid EA, then you repeat this cycle over and over, Iam I wrong ?

@LisaForexx 2 ай бұрын

Trading the recovery bot has its own risks. It is not a guarantee either.

@thinking4177 Ай бұрын

Hi How did they do on a real account in the end?

@LisaForexx Ай бұрын

Test still going

@dffxtrader 2 ай бұрын

While you're correct that Grid/ Martingale is used in gambling, the reality is that you really have to be the casino or "the house" to use grid strategies profitably, because they have an extremely large account and as you said, the profits should really be super boring to survive drawdowns. Retail traders will find it mentally hard to limit their settings to super boring profits. Many regulated brokers have also reduced leverage significantly over the years, so drawdowns will hit the free margin limit sooner and blow the account. While I am against grid strategies, if anyone does it, it might be better to have a portfolio of uncorrelated individual accounts, each trading a different currency pair or other assets with mean reverting characteristics.

@LisaForexx 2 ай бұрын

Thanks for sharing

@felipesgp 2 ай бұрын

why dont just max de Lots???

@LisaForexx 2 ай бұрын

sound dangerous

@obinnanwaneri4483 2 ай бұрын

Waka waka ea does this and has been profitable for the past years using this system

@LisaForexx 2 ай бұрын

Nice

@sideshowben1982 2 ай бұрын

Only on pairs that don't trend too long and retrace well such as audnzd, USDCAD etc.

@johnw6648 2 ай бұрын

@@sideshowben1982 aud nzd right now. look. has blown accounts

@AI-Backbone 2 ай бұрын

The problem is that most of us get too greedy. Making 2-5% per month is fine. More than 10% is dangerous. But there is a secret trick: Use your Martingale EA on minimal risk (e.g. 0.01 per 10k account) and AFTER and only AFTER it had a (profitable) trade with many positions, you can 10x the lot sze of the next few trades - and reduce it back soon. If you want to know more, just drop me a message.

@LisaForexx 2 ай бұрын

thanks for the tip

@christianschuhmacher1010 2 ай бұрын

There is no need to buy expensive martingale EAs when you can buy other for 30 USD or there are plenty of them for free on the Internet.

@LisaForexx 2 ай бұрын

Thx for sharing

@jajou1659 2 ай бұрын

Grid EA are very bad on Forex because Forex has no trend, it's just currencies against currencies. But Grid EA are excellent on up trend markets like Dow Jones, MSCI World etc, because of their monthly UP Trend. The most excellent way I know to use Grid EA, is to run them with no leverage on those kind of financial asset, without taking any sell ordrer, only buy.

@LisaForexx 2 ай бұрын

thanks for the tip

@johnw6648 2 ай бұрын

i think you might be talking about a true grid ea. in most of these forums/pages they use the term grid martingale bot pretty loosely to mean a retracement to mean bot (not trend a follower) that averages the entry by opening further positions in the same direction at increasing lots sizes as price moves against you. that why in the set file you see "step" and "multiplier". what name is a true grid bot you use? and what happens when the market crashes or has a large pullback?

@roscobee4358 2 ай бұрын

Eventually u run-out of margin or blow your account...whichever comes first. The only edge is allowing the ea to average your accumilating losses and praying it comes back.🙏

@LisaForexx 2 ай бұрын

Thanks for sharing

@charlesuzodinma4201 2 ай бұрын

Lost a lot of money with this strategy, stay away as it could be addictive also😢

@LisaForexx 2 ай бұрын

Sorry to hear

@all6senses 2 ай бұрын

'will this work in real trading conditions?' Sets up a demo account as a test 🙈

@LisaForexx 2 ай бұрын

lol always demo before live

@larsandersen5505 2 ай бұрын

The only way to test for real is on a real account 😀

@mitchellstewart6745 2 ай бұрын

The myfxbook waka waka signal deposited $500 in 2018 and made its first $1,500 withdrawal in 2020 so it is definitely possible just sort of unlikely. ValeryTrading EAs are overpriced unfortunately like all EAs on MQL5. Anything over $500 I think is overpriced when you consider they are more likely to blow peoples accounts than to double them.

@jorgecamara1030 2 ай бұрын

Please Stop using waka waka EA ....is not a good EA it did blow my account..

@LisaForexx 2 ай бұрын

Grid martingale eas should be used in combination with an equity protector

@theBoy_69_ 2 ай бұрын

if you use the NZD pairs its your own fault. im using waka only on AUDCAD which is the real deal. i dont understand why people dont backtest an EA properly...

@johnw6648 2 ай бұрын

@@theBoy_69_ agree waka aud nzd has huge drawdown and has already blown lots of accounts last week or the week before. look at the chart before you comment.

@theBoy_69_ 2 ай бұрын

@@mitchellstewart6745 since one and a half month its making 15% a month with my custom Settings i also have myfxbook live Update. Coumpounded it makes 8X per year.

@RetailTradingRealities Ай бұрын

The creator of Waka Waka EA had to keep on adding more deposits, after it reached drawdown. Otherwise it would have blown up. The additional deposits were 4 times the size of the initial deposit at account inception.

@hamodalbatal464 2 ай бұрын

You missed a very crucial point when backtesting, Valery Trader are very known to manipulate the backtests so future traders will never know what happened in the past. I know you do the backtests with good intentions but you are unknowingly promoting a scam.

@LisaForexx 2 ай бұрын

Thanks for sharing. I'll see how my forward testing goes.

@Logan-bk8lz 2 ай бұрын

Do you have any sources about them faking the backtests. I'm genuinely curious, and I would like to look into it.

@DemolitionDose 2 ай бұрын

@@Logan-bk8lz If the author releases a new version after a drawdown and the new version doesn't show the drawdown on a backtest, then its faked. There are many developers that do this.

@mquant001 Ай бұрын

i have seen the source code of waka waka and evening scalper pro and i can confirm 100% that she performs dirty tricks on both EAs to avoid past trades that caused very big DD. She is one of the biggest scammers because she has known how to go totally unnoticed, fooling everyone.

@mquant001 Ай бұрын

it is a real shame that you have the irresponsibility and indecency to continue promoting this EA only for your own benefit without thinking about any of your followers, you have no scruples just as the scammer who creates this EA does not have any.

@LisaForexx Ай бұрын

I try my best. This is the dangers of all grid martingale EAs.

@kerwyncox5311 4 күн бұрын

@mquant001, the real shame is that you do not know how to use grid/martingale systems to your advantage. You have to find your OWN edge from the trading tools you use. Don't expect an EA vendor or KZfaqr to get you rich! Do your own research, backtesting and data gathering. Only then will you understand what great trading tools PAI and Waka Waka are!