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Martingale/averaging expert advisors

CS Software
forex_trader_[350575]
Aug 19 2016 at 06:47
8 posts
Hi all, i'm new on myfxbook and i notice that martingale/averaging expert advisors seems to be very disliked by people. Using myself these systems/expert advisors in my trading, i developed my own ea's to run on real accounts. I never had any trouble with my robots, never had any blown accounts....i would more say i had great success with them.

So therefor i'm thinking to start a topic where people can show off profitable lasting accounts running with theese type of robots. There has to be a market for us to who using such system right. Not all has the same trade style so i Think it's time do something about this. Most of the time i'm hearing theese systems sucks and almost banned to talk about.

So.....what do you think about this? could this be something maybe? I mean there has to be Investors in this World who like martingale/averaging as much as they like any other system....

Thanks for your attention and looking forward to see some positive thoughts here now ;)

Woody12
Aug 23 2016 at 06:08
8 posts
They can be great if you just want to make quick money from a limited balance account but you'd have to be crazy to put all your money in one. Did you code your bot your self Ken? Will it work with good ECN low spread broker like Vantage FX?

CS Software
forex_trader_[350575]
Aug 24 2016 at 05:28
8 posts
Depends on how they are intend to be used. Chasing quick money and be greedy wont work in the long run for sure. I'm happy with my own developed bot and it works for me and i'm absolutely dont chasing quick money, i belive in small returns growing bigger in the long run.
My bot(s) running on cent accounts witch is the best way to use along with this. High frequent trading 24/7 and about 300-500 trades/week depending on market situations. I can only say it's working for me and i'm using XM non ECN as broker. Also i dont share or sell any coding related to my own hard work, it's stays with me. I dont say it's the 'Holy Grail' or so but as i wrote before...it's working for me ;)

My intention with this topic is to bring people together, with good lasting martingale/averaging strategys that are ment to survive even the hardest market moves and show the World that even such a system can and will work in the long run and hopefully draw attention to potential Investors. This is still in the 'thought phase' as a need more feedback on this topic ;)


Magixs (Magiic)
Aug 24 2016 at 06:11
435 posts
Hello Kenneth

I agree with this topic.

Martingale cops the most negativity for people trying to make quick gains use it to advertise rubbish, if any strategy is set up for high gains it is as risky.


Increasing lots and averaging in and out is a solid strategy in my view.

I haven't coded any myself but use ezefx ea's, they do the above, and so far have been successful.

It's all about knowing what will kill the strategy and how likely that is to happen.

Do you x2 your position size/Martingale or increase by a different number?


CrazyTraderfx (CrazyTrader)
Aug 24 2016 at 07:19
1718 posts
Nothing is working for you... it is just temporarily. 1000 of people have tried before you did. Don't you know?

Do you know at least why it is working for you so far? Well with 3 years experience you are supposed to guess the answer. This answer is obviously temporarily, that's why at some points, if you don't stop your strategy before it happens, you will be in trouble.

I'm not a martingale hater as I have developped my own one... a tricky one, 10 times smarter that the one everybody uses, but not so easy to use.

Good luck anyway...

stian
Aug 24 2016 at 08:42
325 posts
Another way to think of averaging strategies. Instead of opening 10 lots at say price 1.5. You can open 3 orders of a smaller 3 lots at 1.5, 1.6, 1.7.

The worst martinegale or averaging strategies simply continue forever opening new orders which will result in a blow. Say you have an account capable of having 100 lots open (this require a at least 100.000$ on 100 leverage). And you use a doubling from 0.01. You can only do this 13 times.

CS Software
forex_trader_[350575]
Aug 25 2016 at 05:48
8 posts
I wrote it's working for me, all the other thousands of people that failed including you obviously i dont care about. I trust my strategy and i'm not chasing fast Money/account growth
CrazyTrader posted:
Nothing is working for you... it is just temporarily. 1000 of people have tried before you did. Don't you know?

Do you know at least why it is working for you so far? Well with 3 years experience you are supposed to guess the answer. This answer is obviously temporarily, that's why at some points, if you don't stop your strategy before it happens, you will be in trouble.

I'm not a martingale hater as I have developped my own one... a tricky one, 10 times smarter that the one everybody uses, but not so easy to use.

Good luck anyway...

Fernando Vicentini (infpro)
Aug 25 2016 at 05:57
2 posts
Hi @kenpar. Just like you, I also wrote my own martingale EA, I'm using it in cent accounts, and i prefer safety instead great (and fast) profits. But I started in the forex market a few months ago, so I have a little experience with it. How long have you using succesfully your strategy?

Woody12
Aug 26 2016 at 07:37
8 posts


The worst martinegale or averaging strategies simply continue forever opening new orders which will result in a blow. Say you have an account capable of having 100 lots open (this require a at least 100.000$ on 100 leverage). And you use a doubling from 0.01. You can only do this 13 times.


I guess that's why these guys are using micro (cent) accounts. Still if you aren't chasing quick profits ... then I don't really see the point of a martingale ... that's the whole idea!

YPY (ypyea)
Aug 28 2016 at 06:22
6 posts
Hi Kenneth Parling!

I think any strategy has the right to life!

Please tell me what the maximum size (pips) of the long price movement without rollbacks can withstand Your system with the current risks?

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