TheFX4You posted: Martingale is good only when it's limited. Like our companies EA If you are using martingale without limits definitely- will get margin call sooner or later.
What do you mean by limited. Each time using martingale you win the smallest amount. But if you increase the lot size every time you enter, you're losing more and more with every trade. So if you limit the lot size at 4 increases (for example), means that after lose one trade due to the lot size limit, only for covering losses you need to win 8 trades. Explain me how do you avoid this!
There is an unlimited free trial on these programs to help new traders learn systemic trading. Wish I was finished with the book but in a nut shell, the martingale is a recovery system not a trading system. However, there comes a point where it gets too large to be practical, at that time you reset to the starting size of the trades but double the sizes until recovery has been made. Let's say you set the max iterations at 7 and your starting amount was .01 lots, then the 7th iteration would be for .64 lots. If you lose that trade you would have to make up 1.27 lots of losses. A secondary recover system where you double the size of the trades, would take over and you reduce the deficit amount by half of the winning amount. In practice that doesn't make very much money and I think that is what our friend Step_up has a problem with. However, there is a modified martingale system (the Phoenix) that pays for every trade taken, even the losses. That makes all the difference in the world.
I'll tell you what I will do for everyone here. If you send a request to Mary at email@example.com I will give you a free copy of my new book. I would only ask that you send me an evaluation of the book and if you find any typos that you make note of them so we can fix it before putting on Barnes & Noble. It will still take about 2 to 3 weeks before she can send it to you but I will tell her to be aware of my offer here. It will sell for $29.95 so if you want my research early and for a lot less money as 'free' most certainly is, then you have to do me the favor of writing a review.
And by the way when I say free trial of my programs, I mean free trial, you don't have to pay for it with a promise or the return of your money if not delighted as you see so often, no credit card is needed.
The martingale in its natural form does not work, this turns people sour on the mathematical concept and they never look for the modifications that do work. A good recovery system will help but not completely compensate for a poor trading system. The martingale is not a trading solution but can help to make a good trading system better. For 'Phoenix' it is also important to get the range size right and that is where we are at currently.
Look at https://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955 where we put the Phoenix into the secondary recovery to finish testing. Unfortunately we recovered from the first test too fast to give us much information so we had to force a second reset so we can see how long it will take to recover from a martingale max-out. This is still early for Phoenix and while we are letting traders test it, it is not ready for the open market just yet.
You can not evaluate a mathematical system by the rules for technical trading, they are not the same. DD is part of the system. We expect DD and use it for stability and profit. As to where to download it, I don't deal with sales so I will need to send you to thesafeinvestor.com to download Phoenix. Recommend you use a 45 pip range to begin with and a 7 iteration max for the martingale recovery. If you (Professor) was referring to katambing's system, it still isn't a martingale but he is into sales so he has to talk about his system were ever he can.
I am just a researcher, hate sales and anything to do with it but welcome any traders out there that realize that technical trading with an 85% across the board losing rate isn't the future of investing and reasonably, that there has to be a better way. Martingales are mathematical, if you are a technical trader and want to stay that way, martingales are not for you. But if you don't want to follow the herd and are willing to put in a little time, I can get you started with what I know. I don't care if you end up buying any of the programs that I created or not, every new bit of knowledge helps push us that much closer to replacing the investment managers with an even better investment robot.
The programs results that I shared with you here are my research programs, cutting edge stuff. If what you want is a safe program that pays well, that is a different subject than the martingale systems that we are talking about here. If this is the case for anyone reading this, write to me and I will turn you on to what I use here in the states or of a different one outside the US. The US has limits that the rest of the world doesn't have therefor the two different recommendations. Both are still systemic trading systems, using no technical indicators or price chasing.
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