ForexScotty's Gambler's Dream - AUTO (By forex_trader_282486)
The user has deleted this system.
ForexScotty's Gambler's Dream - AUTO Discussion
Feb 28, 2016 at 23:21
342 Views
6 Replies
forex_trader_282486
Member Since Oct 25, 2015
57 posts
Feb 28, 2016 at 23:39
Ok - so the manual trading gambler's dream using a martingale eventually blew the account as we knew it would. ANY martingale will most likely blow an account. The trick is...withdrawing more money than you invest.
A couples years ago I developed a similar automated EA. This uses a Martingale/Grid as well, but is completely automated. If an account is going to blow anyway, why waste valuable personal time watching charts? My goal is to start with $300 and withdraw every $100 and see how many times this can be done before the account blows.
Understand, I am a gambler, not trying to teach anyone trading styles or techniques. I do this for fun.
A couples years ago I developed a similar automated EA. This uses a Martingale/Grid as well, but is completely automated. If an account is going to blow anyway, why waste valuable personal time watching charts? My goal is to start with $300 and withdraw every $100 and see how many times this can be done before the account blows.
Understand, I am a gambler, not trying to teach anyone trading styles or techniques. I do this for fun.
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Feb 29, 2016 at 08:29
You said it like a true professional gambler. Best luck with this approach to trading.
Member Since Feb 22, 2011
4862 posts
Feb 29, 2016 at 08:59
Well the only interesting thing about this system is it shows zero DD which is in fact impossible
forex_trader_282486
Member Since Oct 25, 2015
57 posts
Feb 29, 2016 at 12:16
(edited Feb 29, 2016 at 12:34)
Oh there will be draw down - give it time 😄 It's only been running a few hours. LOL
I have no doubt that eventually there will be 100% draw down. The goal is to pull more money out in withdrawals than originally deposited.
I have no doubt that eventually there will be 100% draw down. The goal is to pull more money out in withdrawals than originally deposited.
forex_trader_282486
Member Since Oct 25, 2015
57 posts
Feb 29, 2016 at 12:49
RedRhino posted:
You said it like a true professional gambler. Best luck with this approach to trading.
Thanks Frank - I can't call myself a professional trader as I am nothing close. Just an old poker player. At least at the poker table, I could intimidate my opponents. Forex charts don't react to an 'across the table' stare. LOL
Member Since Feb 22, 2011
4862 posts
Feb 29, 2016 at 13:20
ForexScotty posted:
Oh there will be draw down - give it time 😄 It's only been running a few hours. LOL
I have no doubt that eventually there will be 100% draw down. The goal is to pull more money out in withdrawals than originally deposited.
You dont get it. Zero DD is not possible so either this is MFB bug or fake data.
forex_trader_282486
Member Since Oct 25, 2015
57 posts
Feb 29, 2016 at 14:01
(edited Feb 29, 2016 at 14:11)
I see what you're saying. It must be a bug as I am in draw down.
Bug reported
Bug reported
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