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System :
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    Stop Loss Maksimal 30% from Balance.
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    Minimal invest $5,
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    Minimum Investment Period 30 days , Witdhrawal before 30 days will be penalty 10%
    Invest Auto

Click this for invest : https://instaforex.com/pamm_monitoring.php?x=CWXG&trader=1085538

Link Tracking : https://www.myfxbook.com/members/DailyPips/wdp-profit/204603

   tiagojacob18 posted:
   

   NextLevelForex posted:
   Thanks Jacob, I added the account to my watchlist!

Do you use Martingale-like management? I see negative realized pips on Dec 29 and Jan 04, while the growth line went up.

hello friend

yes I do use martigle and have enjoyed the results, but always using a protection course

I see your account was deleted. Maybe martingale did not work so well, after all...

I saw it just after it crashed, typical result of every martingale

Martingale sucks. I only got this idea once when just started trading 3 years ago but quickly dumped it. Downside is limitless.
It is also a sign of unprofessional trading.

As people here knows I went through 3 months of practically non stop losing streak from September 6 to almost mid of December and I still got my account although it was in about 15% DD then. Now, with martingale money management I would have lost everything in the first 1-2 weeks of losing streak. I cannot wrap my head over why people use martingale at all.
As I stated on Steve/ walker's page I believe money management is a key for outstanding results. Scaling in and out, capturing same pips and letting part of position run seems like a logical approach instead of constantly increasing size after losses.

with one system trader will get the attached EQU curve or similiar. when market react with the system it will make profit when does not system will loose. the it is the matter of luck if the winners will be greater then loosers. so basicly trader should take care all inputs. but also calculations needed. so my new aim is as I have said at my thread let the EA s do the calculations and trader does the execution. news are more important these months then the market itself. anything can change in minutes.

   Chikot posted:
   I cannot wrap my head over why people use martingale at all.

I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned...

There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'.

Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking.

Dear Remus,

Yes martingale can be very damaging to an account if not used properly. There are some position which are badly timed which can be saved by this method. Where people go wrong they try to save all position using this which leads to wild draw down.

But to save a mistimed trade I am yet to find a better way

Yes, I completely agree. it's too dangerous.
Losses might get out of hand especially when trader is in losing streak.

   NextLevelForex posted:
   

   Chikot posted:
   I cannot wrap my head over why people use martingale at all.

I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned...

There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'.

Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking.

Hi Remus,

If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880


Best,
Gustavo

   gcardo posted:
   Hi Remus,

If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880


Best,
Gustavo

Thanks Gustavo, I looked and liked what I saw, but the account is too young at this moment.
I'll look again in a month or so; if the metrics I track are still as good as today, we'll talk more.

Great Remus,

Let's keep talking
You can also follow me on tweeter @gcardo.

   gcardo posted:
   Great Remus,

Let's keep talking
You can also follow me on tweeter @gcardo.

since how many months or years you guys are in this business

   nasco posted:
   STABLE & SAFE FOREX TRADING RESULTS!

I also have an account for review by anyone interested in managed forex trading. If you are ready for stable and dependable forex results, take a look at this live account link and review the details carefully. Safe draw down is very low, equity,profit, and balance curves are smooth, and all trades (events) are profitable.

Over 7 years of hard work in the forex market has gone into this proprietary automated trading system, not available to the general public, and not for sale.

There are limited trading account slots available, so if interested please respond no later than 1/15/2012 to reserve your trading position. Minimum opening account balance is $50,000, so serious enquiries only please!

https://www.myfxbook.com/members/nasco/live-account/186575

STABLE = yes, so far...
SAFE = absolutely not!!

First of all I must say that 'limited slots' and 'no later than 1/15/2012' are quite a turn off, for me and many others. I was enjoying the holidays at the time of your post, and even if not on vacation I'm sure I would have not signed up. Common, you only had 1.5 months of history, who do you think you were fooling with this?

Now that I'm back I decided to take a look at your account, maybe you had something genuine in there, and my quick initial opinion was wrong. It took me less than 1 minute to find Martingale at its best... Actually at its worst, I should say! I thought that's what you meant by 'all trades (events) are profitable', but did not know to which extreme you were taking it:

01.13.2012 03:31 01.13.2012 11:10 EURUSD Buy 0.50 - - 1.28630 1.26807 -182.3 -91.15 7h 39m -0.49%
01.13.2012 03:57 01.13.2012 11:10 EURUSD Buy 1.00 - - 1.28558 1.26807 -175.1 -175.10 7h 13m -0.95%
01.13.2012 08:26 01.13.2012 11:10 EURUSD Buy 5.30 - - 1.27851 1.26801 -105.0 -556.50 2h 44m -3.06%
01.13.2012 10:26 01.13.2012 11:10 EURUSD Buy 51.60 - - 1.26644 1.26799 15.5 799.80 44m 4.54%

Now I know that at MB Trading the lot sizes are 10 times smaller than they appear, but even so, starting with 5 microlots and ending the basket with 5.16 lots, in just four steps, is the most desperate approaches I have seen!

It all makes sense now... You need $50,000 for the excessive lot sizes you use, not because you want to triage your investors. I hope you realize what you are doing and stop now, before you destroy your account and maybe others, too.

Remus

Remus -

You might be right, and then there's always the facts, so keep watching the link.

Hey guys, i saw you were talking about martingale... well i've developed in last months a EA using pure math and gambling strategies (one is martingale)... it's pretty safe if you follow the rules but if you step out.. ouch! check my accounts here at myfxbook or check my website at www.forexfarmer.net

Feel free to join my Private Area and you are welcome to test it and help me to improve it...

Give me a touch by email or skype!

Regards to you all,

Pedro Grilo
ForexFarmer EA

   nasco posted:
   Remus -

You might be right, and then there's always the facts, so keep watching the link.

One fact is that you decided to hide the history for that account.

I'm sorry, but increasing the lot size 100 times inside a basket of trades is totally not in line with my risk management approach, so I won't be following your account. If it will last 100 years from now on, good for you and your clients!

   bfe00325 posted:
   Hey guys, i saw you were talking about martingale...
[...]
Pedro Grilo
ForexFarmer EA

Hi Pedro,

We were talking about Martingale in the sense that it's almost always bad. Especially if you go too far with it. And looking at your account, I see exactly the same thing: you start with 0.01 lots, and end with 1.28 lots. What happens if the pair did not retrace after you opened those 1.28 lots? You'll open 2.56, right? Then 5.12 and so on, until the margin call will end your suffering.

https://www.myfxbook.com/members/bfe00325/forex-farmer-v20-gallant-fx/194422

01.04.2012 17:48 01.09.2012 06:40 EURUSD Buy 0.01 1.16870 1.27220 1.29470 1.27220 -225.0 -22.49 4d -0.39%
01.05.2012 08:46 01.09.2012 06:40 EURUSD Buy 0.02 1.16870 1.27220 1.29070 1.27220 -185.0 -36.98 3d -0.65%
01.05.2012 08:52 01.09.2012 06:40 EURUSD Buy 0.04 1.16870 1.27220 1.28720 1.27220 -150.0 -59.96 3d -1.06%
01.05.2012 10:06 01.09.2012 06:40 EURUSD Buy 0.08 1.16870 1.27220 1.28370 1.27220 -115.0 -91.92 3d -1.64%
01.05.2012 14:41 01.09.2012 06:40 EURUSD Buy 0.16 1.16870 1.27220 1.27970 1.27220 -75.0 -119.86 3d -2.17%
01.06.2012 13:31 01.09.2012 06:40 EURUSD Buy 0.32 1.16870 1.27220 1.27570 1.27220 -35.0 -111.86 2d -2.07%
01.06.2012 14:43 01.09.2012 06:40 EURUSD Buy 0.64 1.16870 1.27220 1.27220 1.27220 0.0 0.28 2d 0.01%
01.08.2012 23:11 01.09.2012 06:40 EURUSD Buy 1.28 1.16870 1.27220 1.26870 1.27220 35.0 448.00 7h 29m 8.46%

I hope you burn a couple of demo accounts and change your mind about this high risk Martingale. Otherwise you'll learn the lesson the hard way. I'm just trying to give you friendly advice. I assume the mirage of always recovering from a loss is pulling you into this, and I'm using my experience to say that from a risk management perspective such use of Martingale is a disaster waiting to happen.

Take care,

Remus

Remus,

Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.

With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!

I will not explain my strategy here but if you check the history of my accounts there are not more open positions than 8 at a time in one direction so that could means something.

The other main fact is that my EA is not to work as a FULL AUTOMATED EA, it could be running that way but it wasn't designed for that... it needs human intervention for secure purposes.

Check my history logs with care and maybe you find by yourself why i truly believe on it and i am using it these days and i am keep improving it.

Regards

Pedro Grilo
www.forexfarmer.net

Note: you are free to try it !