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The Martingale strategy i good?

SIM
pip2cash
Sep 29 2013 at 17:28
423 posts
Hi All,

This is not a new topic for discussion. Martingale is very much depend on your money management not too much on trading logic.

This is a reference that making a consistent monthly return for more than 3 years:
https://www.myfxbook.com/members/pip2cash/2nd-showcase-account/23063


Regards,
SIM

Bob LLewellyn (ForexAssistant)
Sep 30 2013 at 05:58
465 posts
It must really be hard to stay on topic. The link above and the one on the previous page are not martingale recovery programs. It doesn't matter if you think that you got a great program or not, it isn't a martingale therefore off subject. Off subject is considered spam. There are modified martingale systems that work well though the standard martingale with typical small range sizes (take profits - stop-losses) will eventually wipe out an account.

 People that just go around pol parroting others without any real understanding of the subject is a loss to themselves and a hindrance to the others that are trying to think for themselves. My dad used to say to us that 'it is better to be thought a fool than to open your mouth and remove all doubts'.

Saying something doesn't work only means that you don't know how to make it work. 'If man was meant to fly god would have given him wings', - or the Wright brothers to teach him how to do what was previously thought to not work.

Here is a martingale that does work however the settings have not been optimized yet and the program is not ready for sale.
Phoenix Program Testing Account
https://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955

The non rectified resets are to check out a secondary recovery system that is designed to recover any loss if the primary martingale recovery system fails. You can read about this system at the research website https://forex-assistant.com/phoenix/
You can not purchase at that site it is for information only.

Good luck guys.
Bob

where research touches lives.
vontogr (togr)
Sep 30 2013 at 07:13
4862 posts
ForexAssistant posted:
It must really be hard to stay on topic. The link above and the one on the previous page are not martingale recovery programs. It doesn't matter if you think that you got a great program or not, it isn't a martingale therefore off subject. Off subject is considered spam. There are modified martingale systems that work well though the standard martingale with typical small range sizes (take profits - stop-losses) will eventually wipe out an account.

 People that just go around pol parroting others without any real understanding of the subject is a loss to themselves and a hindrance to the others that are trying to think for themselves. My dad used to say to us that 'it is better to be thought a fool than to open your mouth and remove all doubts'.

Saying something doesn't work only means that you don't know how to make it work. 'If man was meant to fly god would have given him wings', - or the Wright brothers to teach him how to do what was previously thought to not work.

Here is a martingale that does work however the settings have not been optimized yet and the program is not ready for sale.
Phoenix Program Testing Account
https://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955

The non rectified resets are to check out a secondary recovery system that is designed to recover any loss if the primary martingale recovery system fails. You can read about this system at the research website https://forex-assistant.com/phoenix/
You can not purchase at that site it is for information only.

Good luck guys.
Bob


Well you know I am not like you. I am not selling my EAs. But the account I posted is pure martingale. Everyone with IQ>50 can see it.

Bob LLewellyn (ForexAssistant)
Sep 30 2013 at 20:34
465 posts
@vontogr
I hadn't looked at your account, I was referring to the other link on the first page however, I have now gone back and looked at your link.
From your withdraw of $70 on Aug 29th you had
 08.29.2013 17:45 EURUSD Buy 0.98 lots sl = -38.70 TP = 31.30 a loss of -38.7 pips and $-379.26
 08.30.2013 17:58 EURUSD Buy 2.44 lots sl = -41.20 TP = 28.80 a loss of -41.2 pips and $-1005.28
 08.30.2013 18:09 EURUSD Buy 0.01 lots SL= -63.10 TP = 26.80 a loss of -63.1 pips and $ -6.31
 09.02.2013 17:10 EURUSD Sell 0.10 lots SL= -22.90 TP = 23.60 a profit 23.6 pips and $ 23.60
 09.02.2013 18:05 EURUSD Sell 6.10 lots SL= -40.20 TP = 29.80 a profit 29.8 pips and $1817.80

This on a balance of $10,000 Not only is this no where near a martingale sequence, the lots are not growing in any kind of fashion and neither are the pips, but it isn't even logical. In addition, anyone that would open 6.10 lots on an account with only $10,000 is just down right insane.

I wasted a good 10 min of my time running down this obvious non sense. That is the problem with these boards, people that don't know the definition of a martingale is free to make comments about everything that they don't know.
'everyone with an IQ > 50 can see it'? well, I have an IQ of 142 and I don't see. Maybe you could explain it too us.

There is a lot of good information out there but you got to make sure who you are listening to. This guy and others like him are the reason so many people believe that mathematical systems such as the martingale are bad, Like I said, you just got to know what your doing.

Had that 6.10 trade gone bad, you would never see this link, it would have just closed and another opened.
  
This is a martingale sequence,
1, 2, 4, 8, 16, 32 ....
This is a modified martingale sequence, 1, 3, 7, 15, 31, 63 ... 2 to the nth power - 1
Fibonacci sequence 1, 2, 3, 5, 8, 13, 21...
Notice the mathematical procession?

My advice vontogr, stop trading, you don't have any idea what you are doing. I'm sorry to be the barer of bad news as this will no doubt upset you but someone needs to point out the obvious and I am at least qualified to do that much. 'Learn before you earn', then you will be able to keep what you make. Hate me now if you like, but it is good advice and would benefit you to think about it..

Bob
  

where research touches lives.
Thalantas
Sep 30 2013 at 20:55
192 posts
Or simply find a simple and solid EA that will do the job for you and all you'll have to do is monitor.

A smooth sea never made a skillful sailor.
Bob LLewellyn (ForexAssistant)
Oct 01 2013 at 05:27
465 posts
@ Thalantas Yep, but that's not a martingale. To my knowledge there never has been a martingale simple enough for regular investors. There is a grid strategy (again not standard) that has taken over 3,000 trades back during the melt down of 2008 and never lost one. This is not a martingale system but it is still systemic, that is based on mathematical computations instead of indicators. No indicators, no real decisions are necessary, everything is programmed in, just set up and the program averages just over 1% a month, 12% per year, that's a good system for investors. It doesn't interest a lot of traders as you can't get rich over night that way but for someone looking for a reliable passive income, you can't beat it. Unfortunately, this is also the program that spooked the bankers and the US government's watchdogs the NFA which dreamed up FIFO to keep it from being used in the US.

In other words the government screwed us again to support the banks. This time they didn't even need a bail out. Oh well.

There is a strange recovery system that will work with US brokers, it is sort of a no loss system but a little different than a martingale. It was created by my old programmer as a martingale system but back then I could not endorse it. This new system though, works good. It holds trades open just as the no loss grid system does but then it closes them all at the same time. And every time it closes, it closes for a profit however not all elements close for a profit. Some trades close for a small loss while the others close for a larger profit, so if you want to be a stickler and say it isn't a no loss system because it has some trades that do close for a loss, no one could argue. But if your OK with several trades all closing at the same time considered one trade then it is a no loss system.

Since no one has asked about this almost a martingale of a sort, I won't link to the data page in this post.

Good luck, good trading

Bob

where research touches lives.
vontogr (togr)
Oct 01 2013 at 06:52
4862 posts
ForexAssistant posted:
@vontogr
I hadn't looked at your account, I was referring to the other link on the first page however, I have now gone back and looked at your link.
From your withdraw of $70 on Aug 29th you had
 08.29.2013 17:45 EURUSD Buy 0.98 lots sl = -38.70 TP = 31.30 a loss of -38.7 pips and $-379.26
 08.30.2013 17:58 EURUSD Buy 2.44 lots sl = -41.20 TP = 28.80 a loss of -41.2 pips and $-1005.28
 08.30.2013 18:09 EURUSD Buy 0.01 lots SL= -63.10 TP = 26.80 a loss of -63.1 pips and $ -6.31
 09.02.2013 17:10 EURUSD Sell 0.10 lots SL= -22.90 TP = 23.60 a profit 23.6 pips and $ 23.60
 09.02.2013 18:05 EURUSD Sell 6.10 lots SL= -40.20 TP = 29.80 a profit 29.8 pips and $1817.80

This on a balance of $10,000 Not only is this no where near a martingale sequence, the lots are not growing in any kind of fashion and neither are the pips, but it isn't even logical. In addition, anyone that would open 6.10 lots on an account with only $10,000 is just down right insane.

I wasted a good 10 min of my time running down this obvious non sense. That is the problem with these boards, people that don't know the definition of a martingale is free to make comments about everything that they don't know.
'everyone with an IQ > 50 can see it'? well, I have an IQ of 142 and I don't see. Maybe you could explain it too us.

There is a lot of good information out there but you got to make sure who you are listening to. This guy and others like him are the reason so many people believe that mathematical systems such as the martingale are bad, Like I said, you just got to know what your doing.

Had that 6.10 trade gone bad, you would never see this link, it would have just closed and another opened.
  
This is a martingale sequence,
1, 2, 4, 8, 16, 32 ....
This is a modified martingale sequence, 1, 3, 7, 15, 31, 63 ... 2 to the nth power - 1
Fibonacci sequence 1, 2, 3, 5, 8, 13, 21...
Notice the mathematical procession?

My advice vontogr, stop trading, you don't have any idea what you are doing. I'm sorry to be the barer of bad news as this will no doubt upset you but someone needs to point out the obvious and I am at least qualified to do that much. 'Learn before you earn', then you will be able to keep what you make. Hate me now if you like, but it is good advice and would benefit you to think about it..

Bob
  


Well my friend,
you should read before you write.
I wrote the account is running 3 DIFFERENT strategies.
That's why you can't see multiplying lot sizes, you need to filter by magic number.
Than you for advice but I ran the same strategies for half year without problem and I will run ii for years.
You bet?

Thalantas
Oct 01 2013 at 07:37
192 posts
I'm no pro in Martingale strategies but I think that running three martingales on one account could completely mess up every single strategy. What's your point of view on that Bob?

A smooth sea never made a skillful sailor.
vontogr (togr)
Oct 01 2013 at 08:08
4862 posts
Well I see I am wasting my time here.
Last comment: you can run as many strategies as you wish on single account as long as you keep different magic numbers to evaluate each separately and as long as you do not have to big drawdown.

Thalantas
Oct 01 2013 at 08:15
192 posts
Whatever about the magic numbers, most recent EAs can handle their strategy with other strategies. But particularly Martingales are very specific, a particular DD on one strategy can mess up an other one.

It is true, I admit, that if you keep the risk very low for each ones it could go on without interference. But I don't think it is recommended. Brokers don't charge anything 'more' if you have one account or three accounts.

The objective of a forum is to debate and exchange, not to runaway. ;)

A smooth sea never made a skillful sailor.
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