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What's the best way to trade Martingale Forex Trading

Blown Forex Account Recovery Managment (blownaccount)
Nov 25 2014 at 07:47
posts 104
Best way to trade martingale is 'to not trade it' avoid it and you will be a sure winner!

LIKE MY TRADE ALERT POST! TRY IT FREE! NO SIGN UP! 100% FREE - w.w.w.ForexAlertSystem.c.o.m "CLICK ON BIG GREEN TRIAL BUTTON"
Bob LLewellyn (ForexAssistant)
Nov 25 2014 at 14:51
posts 465
blownaccount posted:
Best way to trade martingale is 'to not trade it' avoid it and you will be a sure winner!


Best way to trade the forex market is 'to not trade it' avoid it and you will be a sure winner!
 Makes about as much sense, doesn't it?

Bob

where research touches lives.
vontogr (togr)
Nov 25 2014 at 15:11
posts 4862
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??

Just avoid it

Bob LLewellyn (ForexAssistant)
Nov 25 2014 at 15:53
posts 465
While I certainly respect Vontogr, I have to disagree on these grounds.
 A trading system has 3 properties, 1) it will determine whether to buy or sell, does a Martingale do that?
2) it determines when to get in and when to get out of a trade, does a martingale do that?
3) A trading system will determine how large the first trade should be, martingales tell you how many times to multiply the first trade's size but not the actual size of the first trade.

The only logical conclusion is that the martingale is not a trading system. Then what is it? It's a recovery system. A recovery system is an add on to a trading system but it can't make a bad trading system good. If you can't win over 50% of your trades without a recovery system, adding a recovery system will not make your system work, it may at best delay the results.

If you know what your doing, adding a recovery system makes good sense as it will improve your performance.

Bob

where research touches lives.
CrazyTraderfx (CrazyTrader)
Nov 25 2014 at 23:32
posts 1718
Simply reverse the strategy from martingale... Start to add trades to a winning position. It's pretty hard!... but it worth it.

Blown Forex Account Recovery Managment (blownaccount)
Nov 26 2014 at 07:51
posts 104
We are Running a Recovery System now! off to a bumpy start. with all the news but you will see it improve over the next several days the draw down looks high but its not, it just seems that way because its a micro account. you should keep an eye on it. totally different system logic this one is adaptive and can learn patterns and has a reasoning Algo built in, it also has the ability to learn, remember events and compare as well as predict. we originally built it as a trade assistant type of project but it turned into somthing else. we noticed it was able to out trade, people who were testing on samples given out. it had better Money management ability and reasoning skills in the way it handled every market condition for max efficiency.

we have been working on it for the past few years. it worked well in a large account. but we wanted to see how it held up on a live under funded micro account. So at the moment we are battle testing it. setting the risk size to double that of the normal settings as well as allowing it to trade even though news events. have to test it for full robustness in all conditions. channel markets and news. if it holds out till Next March, will be looking to start a new hedge fund with it.... but martingale is to hit & miss just not worth the risk, its better to come up with new market theory's instead of regurgitating someones else ideas. this is how trading progresses.

we are working with different market theories that are never mentioned on forex forums, and that's usually how you will find the profits. look were others do not look.

LIKE MY TRADE ALERT POST! TRY IT FREE! NO SIGN UP! 100% FREE - w.w.w.ForexAlertSystem.c.o.m "CLICK ON BIG GREEN TRIAL BUTTON"
Blown Forex Account Recovery Managment (blownaccount)
Nov 26 2014 at 08:04
posts 104
the math behind martingale in the first 3 trades. 99% of what i have seen on martingale get this simple concept wrong

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vontogr (togr)
Nov 26 2014 at 09:41
posts 4862
ForexAssistant posted:
While I certainly respect Vontogr, I have to disagree on these grounds.
 A trading system has 3 properties, 1) it will determine whether to buy or sell, does a Martingale do that?
2) it determines when to get in and when to get out of a trade, does a martingale do that?
3) A trading system will determine how large the first trade should be, martingales tell you how many times to multiply the first trade's size but not the actual size of the first trade.

The only logical conclusion is that the martingale is not a trading system. Then what is it? It's a recovery system. A recovery system is an add on to a trading system but it can't make a bad trading system good. If you can't win over 50% of your trades without a recovery system, adding a recovery system will not make your system work, it may at best delay the results.

If you know what your doing, adding a recovery system makes good sense as it will improve your performance.

Bob


Nope,
 martingale priciple is opening bigger and bigger positions to recover your loss.
At some moment you find out that your balance is not sufficient to open next position and you are done.

ibthescottyb
Nov 26 2014 at 14:51
posts 407
I have always avoided martingales. But, recently I thought I would try to design one. It may blow the account but so far so good.

https://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-30-reversal/1054977
https://www.myfxbook.com/forex-charts/EURJPY,M30/29043/aAZvZp3nw7cj0vq

With the use of three indicators

Moving Average
MACD
Force Index

When they agree the trend is LONG, a BUY is placed at .01 Lots with a TP of 40 pips. If the order hit TP, a new order is opened at .01 continuing in the direction of the first.

IF the price action reverses, and the order goes negative 40 pips, an additional order is opened at .02 lots, with a TP of 50 pips and the TP of the 1st order is moved to this level also.

If the price continues to go negative 40 pips, an additional order is opened at .04 lots, with a TP of 50 pips and the TP of the 1st order and 2nd is moved to this level also. The process continues until the price reverses positive. I have a limit of 11 iterations of the Martingale so the maximum lot size is 10.24 lots.

My broker allows hedging, so while the price is going negative on the LONG trades, it is profiting on the SHORT trades that were opened when the MA, MACD and FI lined up on the downtrend.

With this strategy, the price would have to go against me almost 500 pips without a 50 pip retrace during that entire time to lose. Yes, it is possible. But, all in fun. Never trade with funds you can't afford to lose.

Also, to help negate a loss, I have three different accounts running the same EA that were started at different price points, so if one of the accounts were to blow. I just move money between the accounts to perpetuate my income stream.

Bob LLewellyn (ForexAssistant)
Nov 27 2014 at 02:03
posts 465
Vontogr, why do you say that? You use stop-losses in technical trading why would you not use some limit on a recovery system. I use a Fibonacci sequence as apposed to a martingale series because I get 2 more iterations for less draw.
Martingale = 1, 2, 4, 8, 16, 32, 64, 128, gives a total draw for 8 iterations = 255 times the size of the first trade.
Fibonacci = 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, total draw for 10 iterations = 232 times first trade.

I use 10 iterations as my limit, after that I use a slow recovery to compensate for the infrequent times that the primary recovery system fails. A slow recovery is starting back at the base size but every trade is doubled. One half of the doubled trade is for current profits while the other half of the trade pays off the loss. After the loss has been recovered, we drop back to single trade size.

So you see, it does not get bigger and bigger, it has a limit. Only amateurs would try to use a recovery system without some limits in place. I don't think anyone believes that I am one of those.

Bob

where research touches lives.
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