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Martingales; Good, Bad, or just Misunderstood.

ForexAssistant (ForexAssistant)
Apr 06 2015 at 00:30
465 posts
A martingale series is doubling the last try that failed. Martingales are mostly used as a recovery system when the first try goes wrong. When you don't close the trades until the combined total is positive that is price cost averaging. Averaging this way is more of a system. You are not recovering as nothing has yet been lost, so averaging is more system while just the martingale is just a type of recovery system.


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optimofx (optimofx)
Apr 07 2015 at 22:18
250 posts
Always Bad. ALWAYS.

Caution ¡¡ Forex market is full of scams ¡¡
RaVonX (RaVonX)
Apr 08 2015 at 06:36
6 posts
ALWAYS...???

Let's take it to the MOON...!!! I NOW OFFER ACCOUNT MANAGEMENT...
RaVonX (RaVonX)
Apr 08 2015 at 06:36
6 posts
I agree true Martingale is s no no, but cost averaging is viable...!

Let's take it to the MOON...!!! I NOW OFFER ACCOUNT MANAGEMENT...
togr (togr)
Apr 08 2015 at 08:53
4862 posts
ForexAssistant posted:
A martingale series is doubling the last try that failed. Martingales are mostly used as a recovery system when the first try goes wrong. When you don't close the trades until the combined total is positive that is price cost averaging. Averaging this way is more of a system. You are not recovering as nothing has yet been lost, so averaging is more system while just the martingale is just a type of recovery system.


@ForexAssistant
Hi Bob,

it is not exactly dubling. You can triple the trade size or even multiple position by 1.1575. That's still martingale.
Basically martingale is money management when you increase you trade size when equity decrease.
The opposite approach is anti martingale.

ichiban
May 27 2015 at 15:49
15 posts
Dont use martingale in forex.

ForexAssistant (ForexAssistant)
May 27 2015 at 17:29
465 posts
ichiban posted:
Dont use martingale in forex.


Why?

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rob559
May 27 2015 at 17:40
1916 posts
martingale is always wrong,after 8 year of trading this my conclusion,i tried all kinds

Professor53
May 27 2015 at 18:37
795 posts
Martingale is lots of fun.. it really is lots of fun, BUT. Its for short term use with very small lot sizes and a large account. Dont use them long term as they will blow the account. I use them and have used all kinds and gridders... Lots of fun and its addictive fun, but they will blow a account or make it so slow on recovery that your paying fees every night on the money plus the spread.

Use it for short term fun ( gambling) but never long term.
My current live chart is a martingale/ grid account trading both sizes with my own home built EA. Its for fun.

Click on my Name to see My Live Charts and Bio.
ForexAssistant (ForexAssistant)
May 27 2015 at 20:23
465 posts
I say the forex market is always bad. 85% of accounts end up losers? They can't all be martingales and from the comments from all knowing gurus, very few of them are martingales. In a field of destruction, how can you say one thing is bad, its all bad.

where research touches lives.
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