What's the best way to trade Martingale Forex Trading

I really hope you guys have understood what is a martingale.

You all have been trapped by a guy working for a market maker broker (trading against you)

So he wrote the noobest thing calling it martingale (recovering system)... because he knew the best way to blow an account is simply to average on a looser trade !!!

A real martingale has nothing to do with averaging.... Do you re-bet on black/red while the wheel is still spinning?... No, and the bank help you not be that silly and says... 'No more bets' until the next turn.

So you will increase bets on the next turn, not during the same one!.... this is the difference between Equity vs Capital

Also, You see that with the previous example, on 2 winning trades at tenth attempt, you can make 100%.

So who think again that a martingale is a recovering system? lol.... it's the most powerfull tool to make exponential profits
(I know I repeat myself... but you guys need it right?)

Also, It shows so far that my strategy wins 20% of the time, so it's like I only need to wait the fifth attemps to win.... that reduces by 2 the theorical risk.

Also, as it is a powerful tool... It can't blow an account, as risk is so limited (10 pips).... the worst thing that could happen, is that you are limited by the size of the Lot (refer to broker leverage)

Is that clear now?

So now experts, don't say martingale for anything else... it's missleading.

mavericks posted:
You think you discovered again something new and smart.

Off course I did.... (work hard you know, I did it, you can do it.... probably in an other life)

CrazyTrader posted:

Cholipop posted:
Please demonstrate it in a LIVE account.

I don't have to demonstrate anything in live.
A theory live or demo in practice doesn't change anything.

From february, performance shows my winning research.

 Soooooo... if your performance since february is good? Where is the live account you were trading? Don't give me the excuses that it stopped updating.. Well it did stop updating, but that is because the client the locked you out of your account... Why did he lock you out of the account? Well that is because the way you trade in DEMO, isn't the way you traded in live. :) That was evident with all the losing trades you placed in his real account, that for some reason you didn't place in the demo accounts which are all green.

ForexAssistant posted:
I don't need to comment on a martingale anything, as the martingale will stand or fall on its own but I will have to side with CrazyTrader on showing live accounts on an open web, you are just begging for problems. In the States there is a company that helps protect against identity theft. To sell his service the own put his social security number on the side of a truck with his advertisement for lifelock.

Not only did his bank accounts get hacked but so did his business. He didn't have so much money that it got hackers interested in him, it was just his brazen claims of being safe. Needless to say, he doesn't do that anymore. Traders manage risk, you can't avoid it and even the best traders have bad days but you are not managing risk by putting information from your live account out there where you can get someone interested in what you have.

As a trader you have to control your emotions, so if I say to you that since you are using a demo account your information or opinions don't count. Does that put more money in your bank account? Does it take money away? No, then what doesn't count is my opinion. Don't let your emotions get in the way of your logic. I don't show live accounts and never will. If someone doesn't want to try out a no loss trading system because it isn't shown on a live account, that person is stupid and should not be trading in the first place.

By the way, this too is my opinion and you don't have to listen to any of this either if it doesn't make rational sense to you.

Bob

  The owner of life lock didn't create the company in order to prove to the public that his accounts could not be hacked. It was only created to alert people that if your identity was stolen, then you would be alerted. Of course you mentioned that, but he used his real Social to prove that.. Notice the WORD REAL!.... How many people have hundred of thousands of dollars posted here on myfxbook, or even trade explorer and they have not been hacked. What about mt4 as a stand alone system, can be hacked even if you don't make any of your information public. Your point is null, and you are simply using the excuse you used because you don't have any funds in order to trade a real account. Lead by example and not by a fairy tale theory.
  The reality is we all margin call at one point for any thousand of reasons, yet a client is brain dead if he risk his or her money on a system which has not been proven even for 1 day in a live account.... Just ask the client that crazytrader had and lost. lol That client risked 10k, and he ended up losing 50% of his account, because he thought 'whoa crazytrader makes great calls in those demo's' As we all saw that account went from having a sl, to not having a stop loss and then the noob crazytrader opening new positions which put him in red over and over again. So there he used martingale, and it didn't work... Was it because of martingale? No.... It was his little fairy tale system which he uses, which isn't accurate at all.

Cholipop posted:

Damm, there is nothing to quote... you really know how o troll every thread you participate in.

Here we talk about martingale. I guess in 2 years time you will still be talking about my first investor?

No you won't because in less than 2 years I'll be contacted many times again !!!... that's a fact I can already predict.... while you still be here trying to ripp off poor clients that trust your 200%/day?

You should be already be milionnaire with such performance? how come you still trade cents account ???

CrazyTrader posted:

Cholipop posted:

Damm, there is nothing to quote... you really know howt o troll every thread you participate in.

Here we talk about martingale. I guess in 2 years time you will still be talking about my first investor?

No you won't because in less than 2 years I'll be contacted many times again !!!... that's a fact I can already predict it.... while you still be here trying to ripp off poor clients that trust your 200%/day?

You should already be milionnaire with such performance? how come you still trade cents account ???

Well, since I have spent the last however many years on the forum here as a hobby, let's find out what the audience thinks. Here is the situation, you can download a program free. You can try it on your own computer on a demo account free for as long as you like. Now the only data that you have to work with is what is on your computer but that information looks really good to you. Now the question, would you not purchase the robot because you didn't see it working on a real account?

Bob

ForexAssistant posted:
Well, since I have spent the last however many years on the forum here as a hobby, let's find out what the audience thinks. Here is the situation, you can download a program free. You can try it on your own computer on a demo account free for as long as you like. Now the only data that you have to work with is what is on your computer but that information looks really good to you. Now the question, would you not purchase the robot because you didn't see it working on a real account?

Bob

Only Cholipop and tiger are pretty much pointless here.

Guess what, his next post his about my last investor performance... lol. useless, jealous, frustrated... no investor will never contact him to manage $10K.

CrazyTrader posted:
Only Cholipop and tiger are pretty much pointless here.

I do not believe that. There is no one pointless. We may disagree as to what that point is but their very existence makes the point. We are all part of this big mess we call life. Like me or hate me, we're the same. We all come from the same stuff. We all exist out of the same source. That makes us closer than biological brothers because these bodies are limited in time but you and I are linked forever in time because of this simple conversation. We exist, that is the point. When you hurt me, you hurt you because we are all part of the one...
Some times it takes a long time to figure some of that stuff out.

But when I say Cholipop is a scammer... I don't hurt myself. He is a scammer and I have already proven it.... that's why he is so mad and keeps bashing the investor I had that he will never get.

The best way to trade martingale is on backtester!

FXtrader2010 posted:
The best way to trade martingale is on backtester!

Yeah right ! but I get the same kind of rising chart performance... so it seems to work as backtesting so far.

CrazyTrader posted:

FXtrader2010 posted:
The best way to trade martingale is on backtester!

Yeah right ! but I get the same kind of rising chart performance... so it seems to work as backtesting so far.

Im serious. Forex tester 2 if you want

I need a licence to run this + set up tick data 1M.... I was about to purchase it a long time ago, but backtest is just backtest... the best way to test a strategy is to use a demo account and run it over months.

FXtrader2010 posted:
The best way to trade martingale is on backtester!

@FXtrader2010
Exactly:)

I've been using martingale since last year of 2014. Lost 20% because of fear.
I recently break down my system into mechanical approach and engage a programmer to get it out there.
I have deep pockets unfortunately after reading through this thread. I think martingale could only be use as passive income.

I'm trying to get the worst case scenario of this EA. Could anybody tell me what can be alter or better to increase the likelihood of this trading system to blow its account?

0.05 lot on a standard account for $12k trading capital.
0.1 lot for a 24k trading capital and so on.

I only trade EJ because of its volatility and persistent trend.

How to get this onscreen?