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What's the best way to trade Martingale Forex Trading

ForexAssistant (ForexAssistant)
Dec 02 2014 at 17:16
465 posts
' I can't vouch for you as I already have done it !'

As I have for you, a longtime ago. We, of course, trade differently but my respect for your professionalism is never in question.

And to Vontogr, I am sorry, I just got confused for a moment there. Too many things occupying too little space in my brain...

Bob

where research touches lives.
Cholipop
Dec 03 2014 at 04:38
406 posts
In theory forex is easy. Yet, as someone mentioned before, emotions get in the way and make a mess of everything. As some members of the site have mentioned ¨Martingale is not a good system¨. Little does he know that Martingale isn´t a system. It is only Money Management. If you can be assured that a certain formation won´t give you more then X amount of losses, then you adjust your money management to the martingale form of wagering.

 

Professor53
Dec 03 2014 at 06:46
795 posts
If you wanna play with martingales or grids, drop by my web site and ask for one. No charge. Demo or play money only...

Professor53.com

Click on my Name to see My Live Charts and Bio.
Ambush_Trader
Dec 03 2014 at 08:10
38 posts
rajivzz posted:

What's the best way to trade Martingale Forex Trading , any idea??


To not trade it... Its a terrible approach that has 0 regard for good risk management...

'On a long enough timeline the life expectancy of everything is 0' ... that is the best description of where martingale will leave you in the end... It may work for a while, but that ONE TIME will happen where your looser is just too big to recover from.


vetrivel1980 (vetrivel1980)
Dec 03 2014 at 08:17
10 posts
Forex21
Dec 03 2014 at 10:56
416 posts
CrazyTrader posted:
Forex21 posted:

1) Follow the trend.
2) Keep your risk under control.
3) Pick your entries wisely.
4) Don't be to greedy.


This is the way....


If you follow this simple rules, your results can look like this: https://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198


=> Keep on adding to the winner trades as I mentionned above. Example on Selling AUDNZD... good job & Well done for global performance!


Thank's 😄

vetrivel1980 (vetrivel1980)
Dec 03 2014 at 10:57
10 posts
Dear friends

             Martingale system totally self sucide systems, Example last 2 days EURO/USD 1.24700 Range at the time now 1.23300 without any retracement, every loss trade put double the size of order that is finally 99 success = 1 lose that is martingale, forex market is unpredictable

Cholipop
Dec 03 2014 at 17:45
406 posts
vetrivel1980 posted:
Dear friends

             Martingale system totally self sucide systems, Example last 2 days EURO/USD 1.24700 Range at the time now 1.23300 without any retracement, every loss trade put double the size of order that is finally 99 success = 1 lose that is martingale, forex market is unpredictable



 Now the question is what causes you to GET INTO A TRADE. Just because you lose a trade, doesn´t mean the next order has to go in the same direction of the last lost. Which is why I say that saying that martingale is a system is a lie because it isn´t.

ForexAssistant (ForexAssistant)
Dec 03 2014 at 18:25
465 posts
'I say that saying that martingale is a system is a lie because it isn´t. '

It's not a trading system, it is a recovery system.

Bob

where research touches lives.
alexforex007
Dec 05 2014 at 00:32
774 posts
There are a lot combinations that you can use when applying martingale strategies. It may not be a system, but it can make part of a system. It all depends on how much risk you are willing to take.

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