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Martingale/averaging expert advisors

aijaz110
Sep 02 2016 at 07:49
1 posts
Can you give me or to all this EA of Martingale ?

JayTeeFX
Sep 02 2016 at 07:49
18 posts
CrazyTrader posted:

Martingale works only temporarily... I write this word for the third time.
It works well on range market conditions... as soon as you are facing a strong trend... boom!
By the way, where are the 2 accounts you had?


You must be thinking of Grid ... martingale is simply a betting/sizing system ... you can use it in any market. In fact, it's probably most effective in a trending market as the extreme reward means you can use a multiplier.

Does anyone know of a good aggressive preferably free Martingale EA that will work with ECN broker vantage FX? I don't mind if it blows up every now and then, so long as it usually wins ... aim is to run it each with week with a couple hundred dollars.

vontogr (togr)
Sep 02 2016 at 10:23
4862 posts
sebast posted:
togr posted:

Running martingale with 5% DD makes no sense. Why?
Because with martingale such low DD will be hit often.


Why it will be hit often?


as martingale opens bigger and bigger trades
your equity decrease
DD of 5% or more is common

CrazyTraderfx (CrazyTrader)
Sep 02 2016 at 10:25
1718 posts
I know what is a grid.

the topic is martingale/averaging... and it clearly doesn't work as soon as market gets trendy... this exactly this moment where your account blows up as you opened various trades with bigger lotsize in the wrong direction while market won't retrace back!
Boom at some point for sure by betting the wrong horse...


Magixs (Magiic)
Sep 02 2016 at 10:31
435 posts
CrazyTrader posted:
I know what is a grid.

the topic is martingale/averaging... and it clearly doesn't work as soon as market gets trendy... this exactly this moment where your account blows up as you opened various trades with bigger lotsize in the wrong direction while market won't retrace back!
Boom at some point for sure by betting the wrong horse...




I thought the topic was martingale and or averaging strategies, as these get lots of negative attention anywhere they are.


Sebast (sebast)
Sep 02 2016 at 14:42
52 posts
Yes it doesn t work for those who doesn t know how to use it and it works well for those who knows how to use it. End of the discussion lol.

buy low sell high
CrazyTraderfx (CrazyTrader)
Sep 04 2016 at 06:34
1718 posts
I like martingale in a smart way... refer to my MMS (Money Management System) from my blog.

I just kindly warned the guy that claimed it was working for him... that it only works temporarily...

Do we have an idea on how many accounts blown in the fx world while using martingale?
=> 100 000 or 1 000 000 000 accounts?


CrazyTraderfx (CrazyTrader)
Sep 04 2016 at 06:34
1718 posts
The only proper martingale that works is by using fix lotsize and adding trades to the winning position... but I still wonder why people want to add to the losing trades ???

vontogr (togr)
Sep 04 2016 at 06:35
4862 posts
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.

ForexScotty
FXScotty
Sep 04 2016 at 06:36
93 posts
You can use a grid with a variant of the martingale multiplier with a limited number of levels to limit the account usage. By placing a stop loss below the lowest averaging down grid level, you should be able to keep the account from blowing. Trading with the trend and stopping the EA or placing of winning trades when the trend runs out will limit the usage of the grid.

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