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Martingales; Good, Bad, or just Misunderstood.

Bob LLewellyn (ForexAssistant)
Apr 06 2014 at 23:19
465 Posts
One of the most berated tools available to traders is the martingale. For an industry that requires emotional control, its really interesting how the very mention of martingale will generate an amazing emotional response. I had to write this article for another project but felt that it would also do some good over here because there is a lot of bad information floating around the Ethernet.

https://forex-assistant.com/articles/Martingale.pdf

Questions and discussion is welcome.

Bob

where research touches lives.
Professor53
Apr 07 2014 at 05:25
795 Posts
yep.. Im a martingale and grid trader..... I have a few demos running, but nothing real yet.

Click on my Name to see My Live Charts and Bio.
Bob LLewellyn (ForexAssistant)
Apr 07 2014 at 07:59
465 Posts
Good to hear, are you familiar with the spit grid? It doesn't seem like it would but a split grid will dramatically increase the profit percentage of a standard grid while making the whole grid safer.

Pretty cool.

Bob

where research touches lives.
Pooler
Apr 07 2014 at 13:57
17 Posts
I have run a type of Martingale grid trader on a live account since Feb. I have almost doubled my account ( $15 000) since then

Viva La Puerto Rico! (CodeMonkey)
Apr 07 2014 at 18:33
182 Posts
Pooler posted:
I have run a type of Martingale grid trader on a live account since Feb. I have almost doubled my account ( $15 000) since then


Pooler could you please give some details as to how you are doing it? Thank you.

Viva La Puerto Rico!
Pooler
Apr 08 2014 at 07:35
17 Posts
That's kinda propriety knowledge . I just wanted to say that Martingale is a very misunderstood and incorrectly applied method. You also need a decent account size. I wanted to develop a method that trades profitably regardless of what price does. It took me 3 years but I've achieved that. There are no stop losses--just hedging and a type of martingale method.

Proof of what I'm saying is at https://www.myfxbook.com/members/Pooler/beeksvps-ver-9-live/862616. I automated this method and started on Feb 7 with a $ 14 800 deposit. I've withdrawn $ 6200 since then. The first 2 months I didn't trade optimally and I had to change accounts. You can calculate from these whether this is an effective method.

Pooler
Apr 08 2014 at 07:36
17 Posts
That said, its only been 2 months--even though I tested this on demo for almost 2 years before going live. I trade on 29 currency pairs incl Xau/Usd

Bob LLewellyn (ForexAssistant)
Apr 08 2014 at 09:15
465 Posts
My god, my heart is still racing. OK, your curve is consistent and it says that it's profitable but 9 pages of open trades!!!! I still have not caught my breath. Warn someone next time, will ya?

Bob

where research touches lives.
Pooler
Apr 08 2014 at 12:27
17 Posts
Its a grid trading system that's 'always in'. As soon as a set of trades close then there is immediately a buy and sell opened again. So there will always be a minimum of 29 pairs x 2 trades open. Like I said--you need a decent account size to do this otherwise your money management will be under pressure.

Hugo ONeill (honeill)
Apr 08 2014 at 15:19
1141 Posts
Pooler posted:
I have run a type of Martingale grid trader on a live account since Feb. I have almost doubled my account ( $15 000) since then


Hi, its nice to know but how is the Máx. drawdown?

"I trade to make money not to be right."
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