Martingale

Hi which martingale ea performs right now at this moment the best?

Thank you

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

^^^^^^^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.

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

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 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.

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.

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 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.

Smart Martingale,.. 😀

You made my day again... ^^
Topic = Martingale
I'm off topic... Let me lol.

You have nothing to say, just don't post.

Martingale is used while trading against the trend, that's why all martingale will fail one day... when Trend is so intense like right now on UsdJpy... any martingale can survive.

I have already explained many times on previous similar topic that the only martingale that works... is the opposite of what doesn't work.
So instead of doubling while loosing... you add to the winning trades.
Easy to say, verry hard to do.

By the way, I don't want to talk with you.
So stop quoting me.
Especially for providing the definition of martingale... Glad you were here to tell me about, I wasn't aware of it ^^

CrazyTrader posted:
You made my day again... ^^
Topic = Martingale
I'm off topic... Let me lol.

You have nothing to say, just don't post.

Martingale is used while trading against the trend, that's why all martingale will fail one day... when Trend is so intense like right now on UsdJpy... any martingale can survive.

I have already explained many times on previous similar topic that the only martingale that works... is the opposite of what doesn't work.
So instead of doubling while loosing... you add to the winning trades.
Easy to say, verry hard to do.

No, martingale is not used against the trend. Martingale is used after loosing trade.

CrazyTrader posted:
By the way, I don't want to talk with you.
So stop quoting me.
Especially for providing the definition of martingale... Glad you were here to tell me about, I wasn't aware of it ^^

Well then stop writing nonsenses

I would like just to add one point I read on Wikipedia - 'The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance.'
It is pure gambling, nothing to deal with trends or analysis of the market in my opinion. I think [email protected] is right that it is about following a losing trade.

....so which martingale strategy is now working on myfxbook?

NEEnah posted:
I would like just to add one point I read on Wikipedia - 'The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance.'
It is pure gambling, nothing to deal with trends or analysis of the market in my opinion. I think [email protected] is right that it is about following a losing trade.

@NEEnah
exactly,

I had a martingale strategy (smart one :))
It was working for years and DD was below 30%. Suddenly it was wiped during a day.
I am trying to say you are right, no past results could guarantee future results. But thats the case of any other system as well. :)

Exactly what I said...
You fought against an unpredictabale and sudden trend.. Boom in your face... in 1 day.
Did you dare to call it a smart martingale strategy? A system that wipe out years of profit in a single day?
Not even a single code line to stop EA running if you lose x % in less that x hours?
Very smart indeed : )

' no past results could guarantee future results. But thats the case of any other system as well'
=> Only true when you build a system that goes opposite of the trend.

You open 3 trades and double each time. 1 lot, 2 lot, 4 lot. That is a 7 lot position, if you stop increasing trades from this point, think of it as a single position of 7 lot with the price of the average price as the entry. You can limit risks with martingale as well by considering stoploss or % limit loss on the final position. And suddenly martingale and single position have the same risks.