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Martingale/averaging expert advisors

ForexScotty
FXScotty
Sep 04 2016 at 06:36
93 posts
I use a 4 level grid that is in place just in case I cannot catch the reversal. As long as the grid extends beyond the channel and there is no sign of the trend ending soon, I let it run.




CS Software
forex_trader_[350575]
Sep 05 2016 at 05:05
8 posts
Totally agree ;)
sebast posted:
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.

JayTeeFX
Sep 05 2016 at 05:31
18 posts
Does anyone know of a nice aggressive martingale EA that will work with ECN broker like vantage???

GJscalper
Sep 05 2016 at 10:14
237 posts
JayTeeFX posted:
Does anyone know of a nice aggressive martingale EA that will work with ECN broker like vantage???


 You do know that martingale EA is half the battel. My EA uses martingale money management but it isn't a martingale EA persay.

@GJscalper for more information
GJscalper
Sep 05 2016 at 10:15
237 posts
Most people martingale in the same direction of the loss. Meaning....
They bought an instrument and the moment it stops out, they BUY again for the same lot size. 😉


@GJscalper for more information
Magixs (Magiic)
Sep 05 2016 at 10:32
435 posts
togr posted:
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.



The first definition is the same for any strategy unless you stop trading once you get 1 wrong?

stian
Sep 05 2016 at 10:44
325 posts
Magiic posted:
togr posted:
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.



The first definition is the same for any strategy unless you stop trading once you get 1 wrong?


say the price is 1.00 and you sell. Price goes to 1.01 and you sell again with a larger size. Price goes futher and you increase again. It is common to cap the increase, so say you just go for 6 trades and with a doubling in this example, now you have a 63 times larger size than you started off with, at an average of 1.03.

Compare to a buy and hold strategy, it would actually be the same if you start with 1/63 the size you would if you opened one position at 1.03.

Nothing prevents you from having a stop-loss or use other ways to limit your losses.

GJscalper
Sep 05 2016 at 12:22
237 posts
Magiic posted:
togr posted:
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.



The first definition is the same for any strategy unless you stop trading once you get 1 wrong?


 Which almost no one does.

@GJscalper for more information
vontogr (togr)
Sep 06 2016 at 05:20
4862 posts
Magiic posted:
togr posted:
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.



The first definition is the same for any strategy unless you stop trading once you get 1 wrong?


No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...

Magixs (Magiic)
Sep 06 2016 at 08:05
435 posts
togr posted:
Magiic posted:
togr posted:
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.



The first definition is the same for any strategy unless you stop trading once you get 1 wrong?


No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...



1 of 11 charts running is martingale in the account I've on display.

I understand grid and doubling/martingale.

I was confused with the decreasing equity meaning martingale.

A strategy that is tested, say 1.00 lot for 100,000. When it loses it's first trade and goes to 98,000, when it opens it's next trade at 1.00 lot does that mean it fits your 1st definition of martingale? Decreasing equity equalling larger trade size?




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