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The Martingale strategy i good?

ArdiFX (ahuruglica)
Nov 29 2013 at 16:55
852 posts
The basics of martingale is to risk more than can win.

By doubling the position every time the markets go against the trader, is also increases risk. If the trader has very deep pockets, then it is almost a risk free strategy. But no one has pockets that deep. If markets range then it is OK, the strategy will give returns, but sometimes markets can trend of an extended period of time.

Excample: If the trader doubles the position every 80 pips, it needs for the market to move only 800 pips (ten times) for the trader to increase the position from 1,000 to 1,023,000. (1+2+4+8+16+32+64+128+256+512). Remember, when open the last position, 512 lots, there are 9 open positions on floating loss.

One of the first thing I learned on trading is: cut your losses short and let profits run. Martingale doesn't obey that rule, so to me is a big NO GO.

Bob LLewellyn (ForexAssistant)
Nov 29 2013 at 18:41
465 posts
'Those are not good charts at this time. One is locked out as private and the other one showed DD.'

Sorry professor, wrong link, here are the right ones.

Phoenix Program Testing Account
https://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955

https://www.myfxbook.com/members/ForexAssistant/phoenix/570955
 
Pegasus
https://www.myfxbook.com/members/ForexAssistant/pegasus/670938

To down load the programs so you can run them yourself, you have to go to TheSafeInvestor.com and follow the directions to request the program be sent to you. It's free to run on a demo, help yourself.

The martingale is not a trading system, it is a recovery system, and is profitable if you limit the iteration to 8 or so and if it fails you use the long term recovery. See the problem here is that people learn a little about something, get burnt because they only know a little and are afraid to try again to learn how it is done right. If you don't know what a quick recovery system is and how it works in conjunction with the long term recovery, then you are right, don't use a martingale or any kind of recovery system. If you are not willing to learn about these programs and how they really work, do not use these systems. Trading is about learning and what I read on these forums is mostly young traders want something handed to them and refuse to take the time to learn how to make the systems work properly.

I had some workers workers in Nicaragua doing some work for me on a real estate investment. They were afraid to touch a wire that was embedded in a wall that wasn't attached to anything, it was dead but they were still afraid of it. I touched it myself to show it was dead but these grown men were still afraid. I showed them that it was just a piece of plain wire but they were still afraid of getting shocked on a piece of wire that they could see both ends.

Fear and lack of education makes people do and say things that seem stupid to others that have learned about the subject but really, if you don't know what you are doing and what you are talking about, the workers were right, don't touch it. They teach their friends “don't touch it, it will hurt you... and they all miss out on the benefits and so do their equally uneducated friends.

It is unwise to listen to what someone says is a good program and that you should risk your money on it. It is equally unwise to listen to someone who is teaching you their fears and then you avoid learning and using something simply because someone says its bad...

The various recovery systems that people are talking about here and on other forums is old and have been replaced years ago with modified systems that do work. But the workers are still talking about something that has scared them in the past and are stuck on a word or a fear.

This from an old man, if you don't know how it works, don't use it, but it is wrong, evil, to talk good or bad about something that you really don't know about. All of this stuff is in a book, read... and stop listing to other peoples fears.

Learn before you earn, but this is the wrong place to do it. Anyone can post their opinion here but opinions are like rectums, everyone has one, it is just that some stink.

Bob

 

where research touches lives.
ArdiFX (ahuruglica)
Nov 29 2013 at 19:11
852 posts
Real money traders don't need advice from DEMO GUYS or CAR SALESMEN.

Bob LLewellyn (ForexAssistant)
Nov 29 2013 at 21:14
465 posts
Of course not because you are already so great and wonderful.
Oh Yes, please stay away from that terrible research stuff. After all, if you can't do it, obviously it can't be done and anyone who disagrees should be properly bullied into submission by the only one who could possibly know anything on this board. What the hell was I thinking to venture an observation in the presence of my betters. Pleeease forgive me...

where research touches lives.
ArdiFX (ahuruglica)
Nov 29 2013 at 21:41
852 posts
I'm not great and never said I am. But I am not desperate. You are.


Who needs research from people who do the research can benefit themselves. Who need to buy EA-s from people who don't win from EA-s themselves. You are a car salesman, who uses blogs for marketing. This is the room for traders.


You bothered me before, I asked you before for real account, you send statements for the year 2007, it is the last month of 2013. Wake up. Even your demos are not impressive.

I am bullying someone who know anything? You say to yourself 'In the presence of my betters'. Big LOL.

Bob LLewellyn (ForexAssistant)
Nov 29 2013 at 22:37
465 posts
Actually, you are what we consider evil. You try to hurt others who have never done you harm. You and others like you troll the boards to try to beat up on anyone that you can. I have no respect for bullies. Not on the playground and not on the internet. You are so very brave with your name calling hiding behind the anonymity of the internet. Name calling? Really? How old are you?

Of course I don't really have any problem being called a car salesman, without someone to sell the cars, we would all still be walking. I have said before and will repeat this one more time, I don't sell anything, not even the programs that I create. Nothing to individuals.

I am looking for an intelligent marketer or business person who can see the value of my work and wishes to market it, yes, but you don't have enough money to buy the rights to my research so why do you continue to go on unless you are a troll. A bully that just wants to hurt someone so you can feel better about yourself.

Now ask yourself, is that what you want out of life, to be a cyber bully? Isn't there anything more to you than that? Think about what you are saying and most importantly, why. I don't want anything from you. You can't afford to do business with me so I am not going to show you live accounts or anything that is none of your business. No one has too answer to you no matter how aggressive your tactics. You don't own this board and we are not doing business so there is no point for you to continue, but I just know you will.

However, if there is anyone who has several hundreds of thousands of dollars and would like several ultra stable fully automated programs to market or whatever you would want to do with, please feel free to write to me and I will be happy to meet with you in person and show you all the proof and research behind the work that you could ever want. These programs can do what no human could and rights can be purchased for individual systems or all four programs.

Do you see how I would really doubt that anyone from my market audience would be reading this. It would be nice but those that would be interested in doing business with me aren't here so it just doesn't make sense to waist my time. I am here to help newbies and I will stay here regardless of your attempts to intimidate me, I don't intimidate and will reply to your hostility with the same until you grow up.

Bob

where research touches lives.
ArdiFX (ahuruglica)
Nov 29 2013 at 23:12
852 posts
The thread is about Martingale strategy, not you products.


Car salesmen, i call people who make others sick trying to sell something. You said in this comment 'I don't sell anything' but previous comment 'It will sell my book for $29.95'. 'My EA license is free for demo accounts'

I wrote a comment about Martingale, you call me you don't know anythin, listen this listen that. You said 'Fear and lack of education makes people do and say things that seem stupid to others that have learned'

You are the one who is scared, you did give up on trading in 2007-2008 and are desperate to sell a book or an EA. If you had a winning EA you would trade your money. Of course you need several thousand dollars, others money.

You have no idea about math or martingale, everyone can copy paste a book. Even your demos are not impressive. Rise on luxor is -18,715.40 pips on open position loss. (-1,419.60 loss biggest position) and you call that stable strategy. And you call others bully.

Please... everyone who reads this will know. You are the one who asking for several thousand. You have nothing to show and you call yourself with knowledge and 'presence of my betters'. No one needs your betters, this is the site to share trading strategies and you have nothing to share.


I don't have to be aggressive to you for you to show a real account. This is not the site where people opload their accounts under threat. You have none. Do business with me and I will show you my real account. LOL

ArdiFX (ahuruglica)
Nov 29 2013 at 23:17
852 posts
If you are here to help newbies, show a REAL ACCOUNT like a pro.


Show a winning real account, and i will apologize to your betters.

About your book, I won't even download it illegally.

Bob LLewellyn (ForexAssistant)
Nov 30 2013 at 05:05
465 posts
'About your book, I won't even download it illegally.' ???

You do realize that the things that you say and how you say them tells what kind of person you are? Why would you show a preference for downloading it illegally? I would not do anything that I knew was illegal because that is who I am. However, you wouldn't have to get it illegally, I would give you a copy free just because it could help you. You are hurting young man, I am not talking about your trading capabilities, I'm talking about you personally. I wish I could help, I have some small idea of what you are going through and I feel bad for you. But it doesn't have to stay this way. Ask yourself why you are attacking like this? Can you identify where the anger is coming from? I am nobody to you but there is so much anger in your writing... remember anger and hatred leads to the dark side... (Master Yoda) But all joking aside, you can make the darkness go away, it isn't easy but you can do it.

I would give you a copy of my book if you wanted it but there is another one that will help you a lot more. The title is “The Science of Getting Rich” by Wallace Waddles. It was written in 1908 and is still being quoted today. It is free just do a web search. It's not about making money, it about having control in your life. Making things happen the way you want them to go for you. It's worth the effort because the things that you can learn will also make you more money than trading could ever do.

By the way, just for the record I didn't quit trading in 2007 – 2008, that's when I started. In 2009 I had to move off shore (was using IBFX) because of the FIFO regulations, but I never quit. I did look the word up once though.

have a good night and a better tomorrow.

Bob

where research touches lives.
ArdiFX (ahuruglica)
Nov 30 2013 at 10:36
852 posts
No I'm not anger. But I don't read books from people who don't have trading capabilities.

In trading there are two types of people. The firsf that trade, and the second that realized that can't trade but still stick to trading comunity by trying to sell products. Unfortunatetly you are the second one. That is why I don't like you. Be honest write a book 'how I failed on trading' or prove you win from market and sell products how to win us too. You can upload offshore accounts too.


Writing a book to teach martingale te newbies is just plain stupid. You don't have to teac them to double up their loosing possition. It comes with their nature, that is why they loose.

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