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Martingale
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togr

Member Since Feb 22, 2011  3864 posts vontogr (togr) Dec 01 2016 at 08:22
CrazyTrader posted:
You have followed my call on UsdJpy... : )
150 pips left to the target => 116
You have used martingale on the right Currency pair on the right side of the market?... you are a champion!

Beleive the power of the trend...

@Tgor... The only times you have provided a signal for the last 7 years... Well You are wrong with your system and your breaking point. 'The wind is changing'
https://www.myfxbook.com/community/general/wind-is-changing/1318614,1

Nothing has changed for you, You can only grasp 5 pips here and there.... I repeat, you have no clue what market does!
Don't even try to predict.


CrazyTrader (CrazyTrader) Nov 24 at 16:28

Topic = Martingale
I'm off topic...
Yes you are

I like what I trade, I trade what I like
CrazyTrader

Member Since Nov 21, 2011  1706 posts CrazyTraderfx (CrazyTrader) Dec 12 2016 at 13:49
UsdJpy = 116 !!!
=> + 400 pips from the first post on this thread.

I would say I'm clearly into topic as I said to use martingale on UsdJpy and going long and adding trades to final target !!!

Please learn to read... and don't be frustrated : )

I don't like martingale... but when you use it on the right pair at the right time, your account can make 100% in a month in very easy way.

Beleive the power of the trend.... At least when you know market and when you can predict such violent move straight to the target without huge retracement.

While this time, your nice prediction on EurUsd... : )
https://www.myfxbook.com/community/general/wind-is-changing/1318614,1

Last week EurUsd closed below 1.0550.... Don't worry, one day EurUsd will turn back to the upside and your call will be right. LOL
You still need a lot of practice to determine the right Momentum and not confusing reversal trend vs simple retracement.

Good luck... This is not a race, each trader uses the time it needs to reach high level.

You love my free signals... Like me on fb
koval

Member Since Jan 14, 2011  37 posts koval Dec 16 2016 at 08:44
The Martingale is double postion when you are losing. Traders think thats all. they are losing because do not know nothing about money managent.
Pyramides
1) gemetric progressive
2) geometric digressive
3) arithetic progressive
4) arithmetic digressive

1) regular( grid)
2) unregular

Managing SL
1) treating every position separate- building set and waiting for TP
2) treating half separate- Moving SL with last Position
3) Treating all positions as one( always on BE)

Oposit Pyramides
Averaging position- it is also huge thema.
If You know how tu built position( when averaging, how big positions and when pyramides, you can make money)
But it is material for looong lesson :)

Martinagle, Pyramides, averaging is more like money managment than trading. It is more like chess than pure trading.
But if you do your homework you can make money on this type of trading :)



togr

Member Since Feb 22, 2011  3864 posts vontogr (togr) Dec 16 2016 at 09:11
koval posted:
The Martingale is double postion when you are losing. Traders think thats all. they are losing because do not know nothing about money managent.
Pyramides
1) gemetric progressive
2) geometric digressive
3) arithetic progressive
4) arithmetic digressive

1) regular( grid)
2) unregular

Managing SL
1) treating every position separate- building set and waiting for TP
2) treating half separate- Moving SL with last Position
3) Treating all positions as one( always on BE)

Oposit Pyramides
Averaging position- it is also huge thema.
If You know how tu built position( when averaging, how big positions and when pyramides, you can make money)
But it is material for looong lesson :)

Martinagle, Pyramides, averaging is more like money managment than trading. It is more like chess than pure trading.
But if you do your homework you can make money on this type of trading :)




Not exactly, martingale is increasing your trade size when your equity decreases.
Most common form of martingale is indeed doubling position after lose.
When you are averaging position it is still form of martingale as you are increasing total open position while your equity decreasing.
It is less aggressive though.

I like what I trade, I trade what I like
koval

Member Since Jan 14, 2011  37 posts koval Dec 18 2016 at 07:33
Sorry but i have to disagree with you. Martingale is ONLY WHEN YOU DOUBLE POSITIONS AFTER LOSING, any another form is averaging.

Monnex

Member Since Nov 15, 2015  52 posts Monnex (Monnex) Dec 18 2016 at 08:03
Martingale is a disaster strategy and it will blow your account

The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on
jannel

Member Since Sep 21, 2016  28 posts jannel Dec 18 2016 at 08:09
NEEnah posted:
I would like just to add one point I read on Wikipedia - 'The fundamental reason why all martingale-type betting systems fail is that no amount of information about the results of past bets can be used to predict the results of a future bet with accuracy better than chance.'
It is pure gambling, nothing to deal with trends or analysis of the market in my opinion. I think vontogr@ is right that it is about following a losing trade.



You hit the target!

togr

Member Since Feb 22, 2011  3864 posts vontogr (togr) Dec 19 2016 at 08:46
koval posted:
Sorry but i have to disagree with you. Martingale is ONLY WHEN YOU DOUBLE POSITIONS AFTER LOSING, any another form is averaging.


@koval
martingale is if you for example triple position each time
averaging is adding more of the position of the same time
back to school lad

I like what I trade, I trade what I like
koval

Member Since Jan 14, 2011  37 posts koval Dec 19 2016 at 09:52
@vontogr, not me, but Paul Pierre Lévy and Joseph Leo Doob. From wikipedia 'Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler DOUBLE his bet after every loss so that the first win would recover all previous losses plus win a profit equal to the original stake'



togr

Member Since Feb 22, 2011  3864 posts vontogr (togr) Dec 19 2016 at 10:46
koval posted:
@vontogr, not me, but Paul Pierre Lévy and Joseph Leo Doob. From wikipedia 'Originally, martingale referred to a class of betting strategies that was popular in 18th-century France.[1][2] The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler DOUBLE his bet after every loss so that the first win would recover all previous losses plus win a profit equal to the original stake'




Read this
https://www.traderplanet.com/articles/view/163479-the-power-of-money-management/
Types of Money Management

All money management strategies can be broken down into two fundamental methods: martingale and anti-martingale. Martingale money management strategies are based on increasing the risk and position size after losses, while anti-martingale methods will only increase risk and position sizes with profits. The goal with a martingale approach is to make up for losses by risking more money. The challenge with the martingale method is that there can be unrecoverable catastrophic losses, and it's almost impossible psychologically to apply this approach to a trading account over time. For these reasons traders should always consider anti-martingale methods.

Doubling the trade size after loss is only one variant of martingale

I like what I trade, I trade what I like
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