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Best pair for martingale

GJscalper
Jun 15 2017 at 05:55
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.


 I took a look at your profile and I expected better results from someone who types as much as you do. Have a look here, since we are talking about risk.




We can see you closed the trade, circled in black, for over 25 pip profit! Pretty good considering that on avg you aim for 3 pips profit, but the alarming thing is the 'drawdown in pips' How is it that the trade hit your tp of 27.5 pips, but you were in red as much as 127.8 pips (highlighted with the red circle)? That my friend was a horrible trade and indicates that YOU can't control your emotions which makes you a very dangerous trader. No one in their right mind would aim for 27 pips but risk 127. In other words you profitted .27% of your account but you risked 5 times as much. LMAOOOOOOOOOOOOOOOOOOOOOOOOO Sir, before commmenting on complex money management systems like Martingale, i would suggest you work on your own money management because clearly you couldn't use martingale because of your horrible 'REAL R:R'

Attachments:


@GJscalper for more information
Capital Hedging (Forex_Villa)
Jun 15 2017 at 10:00
29 posts
I suggest you look closer as I risk very little in each trade with micro lot so I have a very loose stop and I use fundamentals to trade so if you use fundamentals you get spikes like that.

I have a look at your profile and it makes me sick. Look at your draw down using martingale.

You have multiple accounts with over 80% draw down.

IS THAT GOOD?

NO. Hell NO!!


If we were to compare, your trade is too loose and risk almost your ENTIRE account JUST TO PROFIT.


You should laugh at your self. A number of your account have over 40% draw down...not to mention a couple with 80+.


Martingale clearly does not work even with you.



So who clearly have worst money management?

You of course!!

LMAO

Don't panic over drawdown, instead manage it !!
Capital Hedging (Forex_Villa)
Jun 15 2017 at 10:00
29 posts
@GJscalper 154.70% 5.87% 590.8 Automated 1:500 Real

Tickmill 169.85% 17.38% 121.9 Manual 1:500 Real

Javier 2.0 247.19% 6.86% 189.1 Automated 1:500 Real

AMP Trump Hack 158.07% 28.26% 45.9 - 1:2000 Real

Trump Hack AMP 846.64% 3.61% 224.4 Manual 1:2000 Real

TrumpHack 3.0 -95.50% 96.35% -348.9 - 1:100 Real ----> Max drawdown?😕

Trump Run up 37.03% 88.14% 114.3 - 1:500 Real ----> No money management?🙄

Trump hack cuanta de Oliver -99.67% 99.84% -356.1 - 1:500 Real ----> Money management problem?😂

GBPjpy Hack 183.12% 13.70% 1418.8 Automated 1:500 Real

Client 1 FBS 46.76% 33.50% 323.2 - 1:500




I wonder what you meant when you hit at my drawdown, when yours are clearly worst. When I first started trading for the very first time....my worst was 50% draw down.




Don't panic over drawdown, instead manage it !!
vontogr (togr)
Jun 15 2017 at 11:55
4862 posts
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.

@donchang
it is clear you have no idea what are you talking about.
as @GJscalper correctly stated martingale is about money management.
on contrary martingale usually leads to high DD as it increases trade size as well as risk
low DD and long term profit as about good trading strategy, not about martingale.

GJscalper
Jun 15 2017 at 12:30
237 posts
Forex_Villa posted:
I suggest you look closer as I risk very little in each trade with micro lot so I have a very loose stop and I use fundamentals to trade so if you use fundamentals you get spikes like that.

I have a look at your profile and it makes me sick. Look at your draw down using martingale.

You have multiple accounts with over 80% draw down.

IS THAT GOOD?

NO. Hell NO!!


If we were to compare, your trade is too loose and risk almost your ENTIRE account JUST TO PROFIT.


You should laugh at your self. A number of your account have over 40% draw down...not to mention a couple with 80+.


Martingale clearly does not work even with you.



So who clearly have worst money management?

You of course!!

LMAO



 Thanks for the news flash Scotty. However, you are deflecting instead of looking at what is posted. I can take big risk because not only am I ok with losing it, but trading to the edge allows me to know how far I can take my money management. I don't speak in theory and base everything on facts which can be proved by a chart. Once again. Most of YOUR trades you close for 5 pips profit on avg, but yet you use a blank to say, 'I am ok with risking over 50% of that instruments monthly trading range because I use small lots'. You use small lots which end up being compounded as the 'bias monster' starts to creep its ugly head.

@GJscalper for more information
GJscalper
Jun 15 2017 at 12:30
237 posts
Forex_Villa posted:
@GJscalper 154.70% 5.87% 590.8 Automated 1:500 Real

Tickmill 169.85% 17.38% 121.9 Manual 1:500 Real

Javier 2.0 247.19% 6.86% 189.1 Automated 1:500 Real

AMP Trump Hack 158.07% 28.26% 45.9 - 1:2000 Real

Trump Hack AMP 846.64% 3.61% 224.4 Manual 1:2000 Real

TrumpHack 3.0 -95.50% 96.35% -348.9 - 1:100 Real ----> Max drawdown?😕

Trump Run up 37.03% 88.14% 114.3 - 1:500 Real ----> No money management?🙄

Trump hack cuanta de Oliver -99.67% 99.84% -356.1 - 1:500 Real ----> Money management problem?😂

GBPjpy Hack 183.12% 13.70% 1418.8 Automated 1:500 Real

Client 1 FBS 46.76% 33.50% 323.2 - 1:500




I wonder what you meant when you hit at my drawdown, when yours are clearly worst. When I first started trading for the very first time....my worst was 50% draw down.







  Have a look and see... Your biggest gain is of 3.8% with most of your wins only closing for less than 1% profit, where your losses and your float losses exceed your wins by more than 20 times. My friend, that is horrible!


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@GJscalper for more information
Capital Hedging (Forex_Villa)
Jun 16 2017 at 06:25
29 posts
GJscalper posted:
Forex_Villa posted:
I suggest you look closer as I risk very little in each trade with micro lot so I have a very loose stop and I use fundamentals to trade so if you use fundamentals you get spikes like that.

I have a look at your profile and it makes me sick. Look at your draw down using martingale.

You have multiple accounts with over 80% draw down.

IS THAT GOOD?

NO. Hell NO!!


If we were to compare, your trade is too loose and risk almost your ENTIRE account JUST TO PROFIT.


You should laugh at your self. A number of your account have over 40% draw down...not to mention a couple with 80+.


Martingale clearly does not work even with you.



So who clearly have worst money management?

You of course!!

LMAO



 Thanks for the news flash Scotty. However, you are deflecting instead of looking at what is posted. I can take big risk because not only am I ok with losing it, but trading to the edge allows me to know how far I can take my money management. I don't speak in theory and base everything on facts which can be proved by a chart. Once again. Most of YOUR trades you close for 5 pips profit on avg, but yet you use a blank to say, 'I am ok with risking over 50% of that instruments monthly trading range because I use small lots'. You use small lots which end up being compounded as the 'bias monster' starts to creep its ugly head.






You misquoted me my friend. I clearly say I have loose SL but not 50% of my account. To lose 50% right now will require multiple dozens of trades ending badly.

Before you try to pass your judgement on someone. Reflect on the risk you take vs mine.

If you say mine is horrible, yours is the worst!

If you say martingale has gave you good outcome. Then why do we see such high draw down on your accounts?

One thing I am sure is that you did not manage your draw down and you contradicted yourself saying you can use martingale effectively because you can manage the draw down. But what you have is the total opposite.


It is a waste of time debating martingale with you.

I am merely stating the fact as this thread is about the best pair to martingale and I would like to share what I have done losing 50% of my account years ago and hope the person started this thread do not follow that path if they have small accounts.

Like I have said before, Martingale is for very huge accounts...at least 100K account and above and it is still risky...AND IT IS Not for retail traders with micro or mini accounts PERIOD.



If you still do not understand my point, start a poll and ask others' opinion regarding martingale. I have stated mine.

Don't panic over drawdown, instead manage it !!
profijet
Jun 16 2017 at 06:55
134 posts
togr posted:

low DD and long term profit as about good trading strategy, not about martingale.


Yes I know. That is why we are not talking here about long term profits, but about short term and risky profits. Any idea how to select currency pair for martingale? Or how to combine long and short trades on this pair just in order to decrease risk?


TeslaTraderCo (northernlights92)
Oct 15 2017 at 12:52
9 posts
I wouldn't recommend doing Martingale because, in the end, you will probably blow up. However, if you are going to use Martingale I would recommend sticking with lower volatility pairs (CHF).

Short-term price movements are market inefficiencies - take advantage
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