Best pair for martingale

Apr 27, 2017 at 06:22
7,430 Views
48 Replies
Member Since Sep 10, 2009   134 posts
Apr 27, 2017 at 06:22
Hi guys,
Im trying to find best currency pair for a simple martingale. My current results are below
https://www.myfxbook.com/members/profijet/hariri-500usd-live/2090501
https://www.myfxbook.com/members/profijet/harakiri-10k-live/2090497

Yes I know the destiny of all the martingales, but the logic can be simple and I tried on demo (see attached picture): 722% per months and than 100% drawdown (blown account) now I run it live on EURCHF.

So the logic is: invest 100usd and let martingale run. If it comes to 200usd, than withdraw the deposit and repeat. With my results from last month I could invest 100usd (Instaforex account, where 0.01 lot means 100USD) and withdraw 700usd. It means I could afford restart 7 times :)

I know it is only about luck and not serious investing, but my question is:
what is the best currency pair for this purpose? How to find it?

I had success with EURCHF, EURGBP
and totally failed with EURUSD, USDCHF, AUDNZD

In my martingale the steps are defined by technical indicator on M5, it means next martingale step is always on next signal on M5.

Any ideas? Thank you


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Member Since Feb 12, 2016   522 posts
Apr 27, 2017 at 13:42
Hello,
I cannot say I like Martingale style, but still a few points from my side:
* I think the account sizes of 500 USD and even 900 USD are not enough to sustain larger movement
* EUR/CHF and EUR/GBP looks good, but the rest not sure whether will not surplice you unless you trade summer ranges.
* The market is changing its behavior, so stated in paragraph 2 from you (last sentences) may happen often and account of 100 USD cannot sustain long.

Member Since Sep 10, 2009   134 posts
Apr 27, 2017 at 13:58
Thank you for your post. That is why Im using Instaforex account. Lot size here is only 10.000units and not 100.000 as other brokers have.
So 100usd is same as 1000usd trading 0.01 at other brokers.
For the test I am not willing to risk more than 100usd for every test :)
Member Since Feb 12, 2016   522 posts
Apr 28, 2017 at 14:23
If it just for testing purposes - seems OK with such details with Instaforex.
I would say good luck and if all is going OK and you reach the phase to open larger orders, I would advise you to change the broker 😉
Member Since May 20, 2011   724 posts
Apr 29, 2017 at 00:14
no pair is good for martingale. Sooner or later should it will blow. Its just like speeding in your car. If you speed sooner or later you will get a ticket.
Member Since May 20, 2011   724 posts
Apr 29, 2017 at 00:15
semi-martingale is better
Member Since Jun 20, 2014   41 posts
May 09, 2017 at 06:32
Semi-martingale ? I have not yet heard of it , please give some examples of trading.
Member Since Sep 10, 2009   134 posts
May 12, 2017 at 12:12
I am still quite succesfull with EURGBP and EURCHF. What do you mean by sem-martingale?
I decreased multiplicator from 1.5 to 1.3 for bigger security
Member Since May 20, 2011   724 posts
May 12, 2017 at 23:19
full martingale is keep adding bigger lots by whatever multiplier until profit or run out of margin. semi martingale would be say buy .03 buy .05 buy .03 then stop loss then sell .1 etc. it basically means just using some kind of stop mixed with some martingale aspects
Member Since Apr 04, 2017   1 posts
Jun 04, 2017 at 07:04
will gold pass 1311 before pull back.
Member Since Jul 25, 2016   237 posts
Jun 05, 2017 at 06:40
The best pair for me would be GJ because of the daily range. You just have to enter when it is flat and catch those 10-15 pips run outside the accumulation, then from there it breakout mega or reverses back in side.
@GJscalper for more information
Member Since Mar 09, 2017   11 posts
Jun 05, 2017 at 06:54
try USDSGD and USDCAD.

USDCAD u just need to watch out for heavy oil movements. if it does, stop adding.
1111
Member Since Sep 10, 2009   134 posts
Jun 06, 2017 at 19:57
I try now with volatile pair selected from Market->Volatility.
I have never traded USDZAR before, so lets see...

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Member Since Sep 10, 2009   134 posts
Jun 06, 2017 at 20:01
I start with 0.01 lots, than I increase them till 0.5
Lets see what happens. Any suggestions how to handle buys and sells together are welcomed.
Now the logic is quite simple:
Keep opening buys until XY pips is reached
Keep opening sells until XY pips is reached
Buys should not affect sells et vice versa.
Any idea about lot sizes of hedge trades, and when to close all trades together?
Please still consider this strategy as very short term :)
Member Since Jan 09, 2017   12 posts
Jun 07, 2017 at 06:41
Hey guys, I'm running a test on a Martingale I bought.
I'm currently running 10 pairs at 0.01 lot each.
$30000 cent account.

Member Since Jun 07, 2017   12 posts
Jun 07, 2017 at 11:49
Gold can be good for MG strategy
Member Since Sep 10, 2009   134 posts
Jun 07, 2017 at 13:12
Aleixo1 posted:
Gold can be good for MG strategy
Im afraid Gold is too expensive for small accounts. I try with 100-200usd accounts
Member Since Feb 19, 2014   61 posts
Jun 08, 2017 at 05:19
hii any one have good martingal ea please provide its help thankyou
Member Since Feb 12, 2016   522 posts
Jun 08, 2017 at 14:06
fxtrader2014 posted:
hii any one have good martingal ea please provide its help thankyou

You may find some here: https://www.mql5.com/en/code/10655
Just and advice - try another way of trading instead of martingale, because it is not healthy for your account.
Member Since Feb 03, 2017   29 posts
Jun 09, 2017 at 08:36
Don't martingale.

It will be hard to recoup the losses when it happens.

The more volatile the pair the worst for martingale strategy.
Don't panic over drawdown, instead manage it !!
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