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Martingale

tradfred (tradfred)
Dec 23 2016 at 13:59
36 posts
Oh!!! important, is in Spanish. But can see the option translate page and will take data important in there. 😉

leopoldo (leopoldo)
Dec 25 2016 at 07:49
41 posts
CrazyTrader posted:
My Money Management System eliminates risk at some point and allows to double lotzise on each trade with ZERO RISK.
How is this possible? Anyone can find the solution?


The question is not how is this possible but how do you make profits with zero risk? 😄 To make a profit you always risk, and not only in forex. You also cannot simply eliminate cost, costs always exists, even in alternative form. So whatever you put at stake to make profit - this is what you risk, unless if you just play with demo accounts 😉

tormess (tormess)
Dec 25 2016 at 08:35
52 posts
trill12 posted:
@hodias The Martingale is a very popular system for Forex, and is used by many expert advisors. I have read that the central principle of the system is to double the bet every time it is lost, as if it were to win.


Yes, this has been mentioned several times in the discussion from what I read. So this seems to be the foundation principle of martingale.

tormess (tormess)
Dec 25 2016 at 08:35
52 posts
tradfred posted:
Hey guys, the second page of this article speaks a bit more of Martingale and system types. Perhaps you are interested in. https://www.x-trader.net/articulos/trading-general/la-falacia-de-la-martingala/P%C3%A1gina-2.html


But this article is in Spanish only I see...

jackell78 (jackell78)
Dec 25 2016 at 08:38
45 posts
@tradfred Thanks for the article, best would be to have it also in English but anyways, good you shared it 😄

CrazyTrader (CrazyTrader)
Dec 25 2016 at 22:51
1718 posts
leopoldo posted:
CrazyTrader posted:
My Money Management System eliminates risk at some point and allows to double lotzise on each trade with ZERO RISK.
How is this possible? Anyone can find the solution?


The question is not how is this possible but how do you make profits with zero risk? 😄 To make a profit you always risk, and not only in forex. You also cannot simply eliminate cost, costs always exists, even in alternative form. So whatever you put at stake to make profit - this is what you risk, unless if you just play with demo accounts 😉


Demo or live... this isn't the question. How to use variant of martingale in order to eliminate risk (zero risk - covering all the costs and potential loss) while profit may be * 2 or 4 or 6.
It is possible... pure maths

CrazyTrader (CrazyTrader)
Dec 26 2016 at 12:47
1718 posts
tradfred posted:
I so far have not succeeded, you have been able to do it?


Here I'm going to give you an hint by providing the formula, so you can discover by yourself the martingale method used.

Pips difference / ( (Lotsize Position 2 / Lotsize Position 1) - 1 )
This formula provides (pips) where you have to set stopLoss from last opened trade to get zero risk. (minus a couple of pips to cover spread or commissions)

Does it help?

rob559
Dec 27 2016 at 07:15
1916 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 ^^


comes from casino betting

CrazyTrader (CrazyTrader)
Dec 27 2016 at 08:23
1718 posts
rob559 posted:
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 ^^


comes from casino betting


I know... that's why the guy brought the idea... I haven't said the guy who invented martingale

NEEnah (NEEnah)
Dec 27 2016 at 12:08
71 posts
togr posted:
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. :)


I am even surprised to see it worked well for years as you said :) It should have been definitely a smart one.

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