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Martingale

Oct 31, 2016 at 13:27
2,801 Views
119 Replies
Member Since Nov 21, 2011   1718 posts
Jan 03, 2017 at 09:46
FxMasterGuru posted:

How much is the success of this concept dependent on the mentioned ''waiting for good potential entry/signal''?
Manually I can restart whenever I want.

FxMasterGuru posted:
Why not making an EA for this strategy and running a long-term backtest to prove the hypothesis?
The theory is prooven by itself... The formula is pure maths.

Regarding automatic trading, do you know an EA that open trades on exact reversal area 10 times in a row?
As soon as you fail the last order... You end up with zero profit, zero loss.

Member Since Nov 21, 2011   1718 posts
Jan 03, 2017 at 11:28
Let's restart

Order 1 failed on EurUsd

Order 1 on AudUsd in progress
Order 2 on AudUsd is already set (pending order) TP 1 and SL 2 are at the limit of the riskless zone

SL 2 = 40 pips / ( 1 ) => 40 pips (minus 3 pips to cover spread)

Attachments:

vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Jan 03, 2017 at 13:40
togr posted:

My point is very simple,

you stated you have zero risk martingale.

Such thing like zero risk martingale does not exist. Trying to bullshi* people like you try is very poor.

*** This is official ***
=> It's the last time I respond to you. You are useless in every single sentence you write.

I stated from Order 1, you use it as buffer/sacrifice, then the martingale up and down creates a riskless trading area while you can double each lotsize from following trades.
=> Apparently, you are the only one not to understand it. (read comments from other users... they all got it) Are you that stupid? or too frustrated from past comments I wrote about you to admit it.

Did I say you can become millionaire with this martingale?
=> I said the theory is simple but the practise is much harder for 2 reasons:
- If you open Order N+1 at the wrong time, or if you are too greedy, the martingale will end up with no profit but zero loss.
Let's say I opened Long Order 4 with 0.56.
It would be:
Order 3: €+100
Order 4: €-100

Why I don't use it personnaly since the last 3 years... it's because it is very hard to use as you have to pick up the bottom and top at the right time... which is almost impossible as nobody can't guess where this happen.

Now, I'm not successfull?
- Get this challenge: Open a thread whenever you want, and explain your strategy and trade with it for 3 months by posting real time every single trade you take:
Let's see if you are profitable:

- Or you can simply refer to the first page of this thread...
Beleive the power of the trend on UsdJpy... market is still above 200 pips from initial target.

Why people want me to trade for them while I'm not looking to manage money from others?
mail sent 9 hours ago.

Anyway... I'm done with you! ^^

Yes it is waste of my time talking to you.
So just for the others - dont waste time with @CrazyTrader ideas. They dont work.
Member Since Nov 21, 2011   1718 posts
Jan 03, 2017 at 14:46 (edited Jan 03, 2017 at 14:47)
Who can solve this problem?

Let's go back to the successful martingale I have done on EurUsd.

Order 1 Sell 0.07 @ 1.0577
Order 2 Long 0.14 @ 1.0548

The limit of the riskless zone was 29 pips below Order 2
Pips Diff = abs(1.0577 - 1.0548) = 29 pips
Formula SL = 29 / ( (0.14/0.07) - 1 ) = 29 pips

If you wish more room for Order 2 and don't get caught by market... How could you increase riskless zone by 100%???
Dave (dragonEA)
Member Since Jan 03, 2017   46 posts
Jan 04, 2017 at 08:10
Every martingale strategy is good at ranging market
Member Since Nov 21, 2011   1718 posts
Jan 04, 2017 at 10:27
dragonEA posted:
Every martingale strategy is ONLY good at ranging market
: )

vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Jan 04, 2017 at 17:39
owenn posted:
This is how I made 100% in 3 trades using matingale Up and down, increasing lotsize and trading riskless

Live account (Custum date when I started to trade exclusively with this martingale)
https://www.forexfactory.com/pipsfestival#acct.80

This martingale has been published 3 years ago:

😄 This is something that pleases me ... really. 😎

@CrazyTrader and voila you lost 47% of the account this week,
why on earth you call it risk free?

Attachments:

Member Since Nov 21, 2011   1718 posts
Jan 04, 2017 at 21:55 (edited Jan 04, 2017 at 22:00)
Does anyone can explain to this guy, riskless trading zone is reached once Order 2 is opened! ^^

So far this week, I couldn't do it.... probably because I'm not a day trader.

But still alive.... ^^

Anyone has found the solution yet... how to double the riskless trading zone? You guys don't like maths...
obwen
Member Since Aug 10, 2016   12 posts
Jan 05, 2017 at 07:51
dragonEA posted:
Every martingale strategy is good at ranging market

That's right, it's good, I tried it and it worked for me with the Martingale.
obwen
Member Since Aug 10, 2016   12 posts
Jan 05, 2017 at 07:51
togr posted:
owenn posted:
This is how I made 100% in 3 trades using matingale Up and down, increasing lotsize and trading riskless

Live account (Custum date when I started to trade exclusively with this martingale)
https://www.forexfactory.com/pipsfestival#acct.80

This martingale has been published 3 years ago:

😄 This is something that pleases me ... really. 😎

@CrazyTrader and voila you lost 47% of the account this week,
why on earth you call it risk free?

Perhaps it is that it is risk free because after developing the right formula, after losing, it is time to win and recover what was lost and more.
snoopy (Novar)
Member Since Aug 10, 2012   63 posts
Jan 05, 2017 at 08:09
Real name of martingale it's martinloose at the end

vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Jan 05, 2017 at 08:10
Novar posted:
Real name of martingale it's martinloose at the end

@Novar
No, Martingale is derived from the name of the author - Martin Gale. Though you are right it is loss at the end.
vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Jan 05, 2017 at 08:14
Does anyone can explain to this brainless guy, riskless trading zone is reached once Order 2 is opened! ^^

So far this week, I couldn't do it.... probably because I'm not a day trader.

But still alive.... ^^

Anyone has found the solution yet... how to double the riskless trading zone? You guys don't like maths... but for sure, Togr won't find it because he is brainless. ^^

you have no arguments so you decline to personal attacks, it is telling us more about you than me.
Anyway you stated ...each trade with ZERO RISK. ...
you have risk free martingale with each trade. You dont, you wiped 40% of the account in a week.

Member Since Nov 21, 2011   1718 posts
Jan 05, 2017 at 08:15
The solution to increase riskless zone by 2 was to to increase lotsize for Order 2 only from 50% more from Order 1 instead of doubling lotsize.

Attachments:

vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Jan 05, 2017 at 14:26
So why don't you stop posting rubbish comments while I'm working on it?

Unless you really like to repeat third time things you have already said? ^^

You know what this topic is about martingale.
You tried to promote yourself here. It is quite clear you have nothing to offer. So dont spam here.
Member Since Jan 14, 2011   37 posts
Jan 05, 2017 at 15:53
in this situation first you have sell position and after buy, what if you first go buy( you will start lose) and after you will open 1,5 bigger sell?
Member Since Jan 14, 2011   37 posts
Jan 05, 2017 at 15:53
togr posted:
Once again
listening to crazytrader is just crazy, silly, etc...

Generally said, man is done by his deeds not his words.
So dont read this pretty words like risk free martingale (pure nonsense),
look at the results - attached.
Thanks a lot, this screens says all. Thanks @vontogr
Member Since Nov 21, 2011   1718 posts
Jan 05, 2017 at 15:58
koval posted:
in this situation first you have sell position and after buy, what if you first go buy( you will start lose) and after you will open 1,5 bigger sell?

If Order 1 is wrong whatever it was sell or buy... It hits SL, then I restart with a new order 1 with same lotsize, buy or sell... on any pair based on your own signals/strategy.

But you could do as you want.
Member Since Apr 01, 2016   45 posts
Jan 05, 2017 at 16:35
Frankly speaking, I myself am against trading Martingale as it is clearly obvious for me that it bears unnecessary unjustified huge risks. Furthermore, forex market, just as the Universe, is constantly moving and changing. At the same time, everything that brings profit over significant period of time is right and has the right to exist.
zack4
Member Since Aug 09, 2016   25 posts
Jan 05, 2017 at 19:54
I do not know how to do Forex without risking. The Martingale is probably seen as a scandalous risk, but there are traders who know how to do it well. I would not judge whether it is appropriate or not to use it. I would have to study it a lot if I want to do Martingale and get to know him very well.