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Martingale
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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Dec 30 2016 at 11:49
Here we go...

Hopefully you can get it:



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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Dec 30 2016 at 12:00
From here...

Variants of martingale are only limited to your mind.

You could wait market to retest high... Order 1 will be closed. You can re short higher while doubling Lotsize from Order 2, so (0.28)
Or close half of Order 2.... and re short by doubling from Order 2 so (0.14) (starting to make some profit)

You could also breakeven quickly Order 2 on the way up... So you can use Order 1 once again as buffer to re renter Long so Order 2 bis (Riskless zone will be reduced as Pip Diff is lower.

You could invent your way to make profit while trading riskless. only by not taking profit from first order.


Enjoy trading



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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Dec 30 2016 at 12:21
Order 1 closed @1.0566

Entered Order 3



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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Dec 30 2016 at 12:26 (edited Dec 30 2016 at 12:27 )
Order 2 closed @ 1.0552

Leaving Order 3... SL adjusted



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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Dec 30 2016 at 12:54
This is how I made 100% in 3 trades using matingale Up and down, increasing lotsize and trading riskless


Live account (Custum date when I started to trade exclusively with this martingale)
https://www.forexfactory.com/pipsfestival#acct.80

This martingale has been published 3 years ago:
https://crazytraderfx.blogspot.fr/2012/10/my-money-management-system.html



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Jarora

Member Since May 24, 2010  371 posts Jarora Jan 02 2017 at 09:17
CrazyTrader posted:
From here...

Variants of martingale are only limited to your mind.

You could wait market to retest high... Order 1 will be closed. You can re short higher while doubling Lotsize from Order 2, so (0.28)
Or close half of Order 2.... and re short by doubling from Order 2 so (0.14) (starting to make some profit)

You could also breakeven quickly Order 2 on the way up... So you can use Order 1 once again as buffer to re renter Long so Order 2 bis (Riskless zone will be reduced as Pip Diff is lower.

You could invent your way to make profit while trading riskless. only by not taking profit from first order.


Enjoy trading


Good idea but the problem is always the first order and low problem is spreads, commisions, swap, slippages....

FxMasterGuru

Member Since May 04, 2012  1598 posts FxMasterGuru (FxMasterGuru) Jan 02 2017 at 09:24
@CrazyTrader

It is nice to make 100% on a $50 deposit and with 3 trades only, even if by Martingale...

But, with all due respect: Is it TRADING or GAMBLING...?

Betting on ''RED'' on online Roulette - using Martingale - can bring in easy 100% within 3 minutes, too...
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CrazyTrader

Member Since Nov 21, 2011  1707 posts CrazyTraderfx (CrazyTrader) Jan 02 2017 at 13:37 (edited Jan 02 2017 at 13:37 )
FxMasterGuru posted:
@CrazyTrader

It is nice to make 100% on a $50 deposit and with 3 trades only, even if by Martingale...

But, with all due respect: Is it TRADING or GAMBLING...?

Betting on ''RED'' on online Roulette - using Martingale - can bring in easy 100% within 3 minutes, too...


Same same but really DIFFERENT!
(I will try to explain it for the last time. With all due respect, open your mind and try to figure it out).

If I had done 2%... would you have talked about gambling? Probably not. % gain has nothing to do with the formula only because I made a small desposit to illustrate the formula.

Fisrt of all, the point wasn't to make x%... It's to show there is a variant of martingale with a formula that allows to trade riskless while you can increase lotsize on each trade. This martingale is also a way to cheat broker limitation. (Try to open 0.28 with €50) You can't due to margin level... but you can when you have already a current opened position in opposite way.

The most important is capital preservation. Unfortunately, each single trade you open, you have a risk involved. Based on your capital, if you double your lotsize, your risk is twice more.
With this theory, once you double your position by opening the second order, you are able to trade riskless into a trading zone.
How magic? You have discovered a way to trade RISKLESS. I repeat RISKLESS.
Why 90% lose money... It's just because they are facing a risk to lose on each single trade they open. Please explain How could you blow your account up if it was possible to trade riskless? (Then you would be a really bad trader as you would lose on each single trade you open)

How to acheive the riskless zone???... by a sacrifice on 0rder 1... not closing profit straigh away when you reverse the trade with Order 2

Instead of Casino... I would compare this to Chess. The greatest games ever on chess have been done by sacrifices pieces. You sacrifice pieces, your army is reduced on board but you have created such 'MESS' that it smells checkmate in couple of moves.

While you sacrifice Order 1, you create such a 'MESS' that what it should be natural from trading (risk) is suddenly gone. You have broken the trading law.

Is it hard to be right on the first trade???... 100% will say no!
So now you know from then how to trade without risk. Make your capital safer and make profit with much higher lotsize.

I will continue to use this martingale...

Enjoy trading... Mess it up ^^





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FxMasterGuru

Member Since May 04, 2012  1598 posts FxMasterGuru (FxMasterGuru) Jan 02 2017 at 15:23
@CrazyTrader

It might work out for a while, but what happens when the leverage does not allow opening an even larger Martingale position to continue with the trading plan?

Anyway, I will be curiously watching how this $50 deposit account will grow over the next months...

P.S. I made similar back-and-forth-back-and-forth type Martingale EAs, but they all failed in backtests mainly because of consuming all available maximum leverage before they could close the basket in profit. With large enough accounts these EAs were OK, but - with such large deposits - the profit % did not justify the risk (i.e. theoretically losing all).

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yumpio

Member Since Oct 13, 2016  25 posts yumpio Jan 02 2017 at 15:26
@CrazyTrader Excellent clarification, I have been able to understand perfectly how it works. Thank you.
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