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Martingale

zijlstra (zijlstra)
Oct 31 2016 at 13:27
104 posts
Hi which martingale ea performs right now at this moment the best?

Thank you

BaldoN (BaldoN)
Nov 23 2016 at 14:46
522 posts
Martingale is a time bomb. You can try as many experts but its just a matter of time to blow your account. Just avoid them it would save you a lot of time and money trust me. Cheers

compuforexpamm (compuforexpamm)
Nov 23 2016 at 17:03
265 posts
^^^^^^^What he said^^^^^^

But since you asked.....the Russians appear particularly fond of such strategies........look here :-

https://ruforum.mt5.com/forums/12-avtomatizirovannie-torgovie-sistemi

You will find one with minimum digging......use google translate if you don't speak the lingo.

Wealth Creation Through Technology
CrazyTrader (CrazyTrader)
Nov 24 2016 at 07:29
1718 posts
Right now your martingale will work only if it opens trades on current trend... As global market is so trendy since US election if you do the opposite you will die in 2 hours.

Usually martingale opens trades on the opposite of the trend, that's why it does Boum at some point.

Just have a look at UsdJpy chart or EurUSd.

You don't need martingale to focus the trend:
Sell EurUsd & buy UsdJpy... Keep adding trades this way.... beleive the power of the trend. I see 116 on UsdJpy

CrazyTrader (CrazyTrader)
Nov 24 2016 at 07:30
1718 posts
I deeply beleive the guy who brought the idea of martingale in forex was a guy who was working in market maker broker.
That's the smartest strategy they could find to swallow your account in 1 single day... 100% sure, they will wipe out you ^^

togr (togr)
Nov 24 2016 at 09:35
4862 posts
CrazyTrader posted:
Right now your martingale will work only if it opens trades on current trend... As global market is so trendy since US election if you do the opposite you will die in 2 hours.

Usually martingale opens trades on the opposite of the trend, that's why it does Boum at some point.

Just have a look at UsdJpy chart or EurUSd.

You don't need martingale to focus the trend:
Sell EurUsd & buy UsdJpy... Keep adding trades this way.... beleive the power of the trend. I see 116 on UsdJpy


@CrazyTrader
Do not confuse anybody here.
Martingale has nothing to do with trade direction. Martingale is only determining trade size. Most common form will double trade size after loosing trade.

togr (togr)
Nov 24 2016 at 09:36
4862 posts
CrazyTrader posted:
I deeply beleive the guy who brought the idea of martingale in forex was a guy who was working in market maker broker.
That's the smartest strategy they could find to swallow your account in 1 single day... 100% sure, they will wipe out you ^^


@CrazyTrader
It was a guy named Martin Gale :) He was not working at any brokerage:) You have to learn a lot yet.

CrazyTrader (CrazyTrader)
Nov 24 2016 at 11:03
1718 posts
Please make an effort to understand what I mean... Martingale was for example used for casino purpose... If you have unlimited money in your pocket then in casino, you would beat the bank for sure at some point... that's maths.
That's why they have restricted the amount you could bet at once, in order to break the martingale.

I'm saying, one guy, one day, came into forex and spread the word about using martingale for forex... and It has converted many traders to use it. It's just a trap especially for marker maker broker has they are betting against you.

Now, if martingale was use into trend direction, then martingale would be a winning strategy.
As you said, martingale is the way to re open while doubling the trade size... it means, you have lost... It make sens that you are probably fighting against the trend!

If logical things aren't clear for you... sorry I can't help.

By the way, I say it again, beleive the trend, buy UsdJpy... target 116, add to winning trades, and tripple ypur account within 2 weeks.

UsdJpy has risen more than 100 pips since yesterday call.... beleive the power of the trend. This is forex.

togr (togr)
Nov 24 2016 at 12:49
4862 posts
CrazyTrader posted:
Please make an effort to understand what I mean... Martingale was for example used for casino purpose... If you have unlimited money in your pocket then in casino, you would beat the bank for sure at some point... that's maths.
That's why they have restricted the amount you could bet at once, in order to break the martingale.

I'm saying, one guy, one day, came into forex and spread the word about using martingale for forex... and It has converted many traders to use it. It's just a trap especially for marker maker broker has they are betting against you.

Now, if martingale was use into trend direction, then martingale would be a winning strategy.
As you said, martingale is the way to re open while doubling the trade size... it means, you have lost... It make sens that you are probably fighting against the trend!

If logical things aren't clear for you... sorry I can't help.

By the way, I say it again, beleive the trend, buy UsdJpy... target 116, add to winning trades, and tripple ypur account within 2 weeks.

UsdJpy has risen more than 100 pips since yesterday call.... beleive the power of the trend. This is forex.


@CrazyTrader
You are off topic.
Trade direction entry - for example by following the trend has nothing to do with martingale.
Martingale just defines trade size, nothing else.

ArtomoroTrader (ArtomoroTrader)
Nov 24 2016 at 12:52
135 posts
Smart Martingale,.. 😀

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