Yes I know the destiny of all the martingales, but the logic can be simple and I tried on demo (see attached picture): 722% per months and than 100% drawdown (blown account) now I run it live on EURCHF.
So the logic is: invest 100usd and let martingale run. If it comes to 200usd, than withdraw the deposit and repeat. With my results from last month I could invest 100usd (Instaforex account, where 0.01 lot means 100USD) and withdraw 700usd. It means I could afford restart 7 times :)
I know it is only about luck and not serious investing, but my question is: what is the best currency pair for this purpose? How to find it?
I had success with EURCHF, EURGBP and totally failed with EURUSD, USDCHF, AUDNZD
In my martingale the steps are defined by technical indicator on M5, it means next martingale step is always on next signal on M5.
Hello, I cannot say I like Martingale style, but still a few points from my side: * I think the account sizes of 500 USD and even 900 USD are not enough to sustain larger movement * EUR/CHF and EUR/GBP looks good, but the rest not sure whether will not surplice you unless you trade summer ranges. * The market is changing its behavior, so stated in paragraph 2 from you (last sentences) may happen often and account of 100 USD cannot sustain long.
Thank you for your post. That is why Im using Instaforex account. Lot size here is only 10.000units and not 100.000 as other brokers have. So 100usd is same as 1000usd trading 0.01 at other brokers. For the test I am not willing to risk more than 100usd for every test :)
If it just for testing purposes - seems OK with such details with Instaforex. I would say good luck and if all is going OK and you reach the phase to open larger orders, I would advise you to change the broker 😉
full martingale is keep adding bigger lots by whatever multiplier until profit or run out of margin. semi martingale would be say buy .03 buy .05 buy .03 then stop loss then sell .1 etc. it basically means just using some kind of stop mixed with some martingale aspects
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