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Best pair for martingale

Forex_Villa (Forex_Villa)
Jun 13 2017 at 12:46
29 posts
rob559 posted:
donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.


you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that



How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.

Don't panic over drawdown, instead manage it !!
GJscalper
Jun 14 2017 at 06:02
237 posts
Forex_Villa posted:
rob559 posted:
donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.


you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that



How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.


 People who DON'T use martingale, typically aren't able to control their DD, so why should you expect martingale to be any different? The only way to use martingale effectively is to have a 'trading system' which doesn't have a high consecutive loss count. If you know that your system won't have more than, say for an example, 5 losses before your TP is hit, you simply scale your martingale money management into the trade.
 So say the max you are willing to lose on those 4 trades is 10% of your account. You can simply divide the 10% loss in the following manner.

Loss 1 .1%
Loss 2 .4%
Loss 3 2.5%
Loss 4 7 %
---------------------------
                  10%

What you can see is that after every loss you are more than doubling your lot size, which means that should any of the orders from order 2 to 4 be winner, not only will it cover the last few losses, but you will always have net profit! So all in all, this all boils down on the trader's ability to stick to his system 100% of the times, and to follow the money management used above.

@GJscalper for more information
rob559
Jun 14 2017 at 06:09
1916 posts
those talking about marti success are amateur traders with only cent acc to show their confidence

profijet
Jun 14 2017 at 07:33
134 posts
donchang posted:
Why do you use HARAKI EA? Is it good?

I coded it myself. It just opens larger lot size on every signal. Nothing special :)

profijet
Jun 14 2017 at 07:38
134 posts
rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence


Under my profile you can see that I am trading live with 200k usd. I am just curious if there is a way how to decrease risk of martingale strategy by opening buys and sells together. It means BUY on every signal, and SELL on every signal until we reach profit. I dont care if account is blown once a month if it triples the deposit in the meantime. Any ideas?

Forex_Villa (Forex_Villa)
Jun 14 2017 at 14:52
29 posts
GJscalper posted:
Forex_Villa posted:
rob559 posted:
donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.


you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that



How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.


 People who DON'T use martingale, typically aren't able to control their DD, so why should you expect martingale to be any different? The only way to use martingale effectively is to have a 'trading system' which doesn't have a high consecutive loss count. If you know that your system won't have more than, say for an example, 5 losses before your TP is hit, you simply scale your martingale money management into the trade.
 So say the max you are willing to lose on those 4 trades is 10% of your account. You can simply divide the 10% loss in the following manner.

Loss 1 .1%
Loss 2 .4%
Loss 3 2.5%
Loss 4 7 %
---------------------------
                  10%

What you can see is that after every loss you are more than doubling your lot size, which means that should any of the orders from order 2 to 4 be winner, not only will it cover the last few losses, but you will always have net profit! So all in all, this all boils down on the trader's ability to stick to his system 100% of the times, and to follow the money management used above.



If you talk about hedging, I believe it works better compared to martingale. From your formula, I still can't accept it cuz as a trader, you know no one is able to follow 100% all the time. We slip from time to time. We are human after all. So to put it in a nutshell, it is a highly aggressive or even dangerous method in my opinion.

Don't panic over drawdown, instead manage it !!
donchang (donchang)
Jun 15 2017 at 05:50
12 posts
Have you ever tried 1x multiplier anti-martingale strategy?
Also, have you ever tried .95x multiplier anti-martingale straegy?

LOL, you will enjoy the results. :)

I've seen a 1x multiplier take a $100USD (not cent) account at .01 lot and it would make profit and keep going and going. It's WAY SAFER than multiplier of 1.2 or above.

GJscalper
Jun 15 2017 at 05:54
237 posts
rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence


 Are you seriously talking about Martingale traders, when you are profitable yourself, but you can't even make enough money in a month to cover your internet bill.

@GJscalper for more information
GJscalper
Jun 15 2017 at 05:54
237 posts
profijet posted:
rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence


Under my profile you can see that I am trading live with 200k usd. I am just curious if there is a way how to decrease risk of martingale strategy by opening buys and sells together. It means BUY on every signal, and SELL on every signal until we reach profit. I dont care if account is blown once a month if it triples the deposit in the meantime. Any ideas?


 The first question would be , 'what is your definition of risk'. Only because 'risk' can not be calculated at all in forex. People use terms like 'that is a risky trade' but risk is defined by you simply taking an action with the hopes of reaching the desired outcome.

@GJscalper for more information
GJscalper
Jun 15 2017 at 05:54
237 posts
Forex_Villa posted:
GJscalper posted:
Forex_Villa posted:
rob559 posted:
donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.


you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that



How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.


 People who DON'T use martingale, typically aren't able to control their DD, so why should you expect martingale to be any different? The only way to use martingale effectively is to have a 'trading system' which doesn't have a high consecutive loss count. If you know that your system won't have more than, say for an example, 5 losses before your TP is hit, you simply scale your martingale money management into the trade.
 So say the max you are willing to lose on those 4 trades is 10% of your account. You can simply divide the 10% loss in the following manner.

Loss 1 .1%
Loss 2 .4%
Loss 3 2.5%
Loss 4 7 %
---------------------------
                  10%

What you can see is that after every loss you are more than doubling your lot size, which means that should any of the orders from order 2 to 4 be winner, not only will it cover the last few losses, but you will always have net profit! So all in all, this all boils down on the trader's ability to stick to his system 100% of the times, and to follow the money management used above.



If you talk about hedging, I believe it works better compared to martingale. From your formula, I still can't accept it cuz as a trader, you know no one is able to follow 100% all the time. We slip from time to time. We are human after all. So to put it in a nutshell, it is a highly aggressive or even dangerous method in my opinion.


  By simply discrediting what I have posted above because 'No one trades their system 100% of the times' isn't a valid rebuttal only because all of this is in theory. Many people have EA's or self-discipline to follow all of their trades to a Tee, and even if they weren't it doesn't mean, nor can you even calculate that the 'trade placed against the rules' would hit or not hit your tp before stop loss.
 If you think that this form of trading is aggressive, then clearly you have no idea how small .1 and .4% is of an account.

@GJscalper for more information
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