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Martingale

CrazyTrader (CrazyTrader)
Nov 24 2016 at 15:28
1718 posts
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.


CrazyTrader (CrazyTrader)
Nov 24 2016 at 15:29
1718 posts
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 ^^

togr (togr)
Nov 25 2016 at 09:01
4862 posts
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.

togr (togr)
Nov 25 2016 at 09:02
4862 posts
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

NEEnah (NEEnah)
Nov 27 2016 at 07:43
71 posts
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 vontogr@ is right that it is about following a losing trade.

zijlstra (zijlstra)
Nov 27 2016 at 08:12
104 posts
....so which martingale strategy is now working on myfxbook?

togr (togr)
Nov 28 2016 at 09:12
4862 posts
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 vontogr@ 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. :)

CrazyTrader (CrazyTrader)
Nov 28 2016 at 10:53
1718 posts
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.


stian
Nov 28 2016 at 11:56
325 posts
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.

CrazyTrader (CrazyTrader)
Dec 01 2016 at 07:23
1718 posts
You have followed my call on UsdJpy... : )
150 pips left to the target => 116
You have used martingale on the right Currency pair on the right side of the market?... you are a champion!

Beleive the power of the trend...

@Tgor... The only times you have provided a signal for the last 7 years... Well You are wrong with your system and your breaking point. 'The wind is changing'
https://www.myfxbook.com/community/general/wind-is-changing/1318614,1

Nothing has changed for you, You can only grasp 5 pips here and there.... I repeat, you have no clue what market does!
Don't even try to predict.

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