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What's the best way to trade Martingale Forex Trading

Cholipop
Dec 01 2014 at 14:21
posts 406
The problem with topics like this is that involved to much 'theory'. The factor of IF is in aspect of our lives. Not any more in forex, then if you are driving your car. What if the person who is behind you is chatting while you are on the road? The reality is martingale fails not because of the system, but because of the user. Many people trade support and resistance which comes to a point in which you will be going against the start of a fresh new trend which no one could predict. Thus making your support and resistance system WRONG, and then leaving your account at higher risk if you use martingale.

 In other words don't focus so much on martingale as you should focus on your actual system. Why not look at the best traders here n myfxbook and have a look at how many times they have lost in row. If a trader has a good system, then martingale will work.Esepcially if you are scalping.

vontogr (togr)
Dec 01 2014 at 14:23
posts 4862
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724

Cholipop
Dec 01 2014 at 14:33
posts 406
togr posted:
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724


 Simply look at some key stats of your system.

1) You have about a 50% win percentage
2) Your avg hold time is that of 2days
3) Your money management is very strick (which causes you to earn such little % change per month)
4) Your trades aren't accurate... Your avg pip drawdown (i assume because you are trading on the higher tf) is that of 90 pips or so. (Your pip-drawdown is higher then the daily trading range of most of the currencies which you are trading)

 To sum it up martingale would work in that system ONLY because his first wager is so small, and if you look at the RISK OF RUIN you will see how many losses in a row it would take for him to lose a certain amount of %

 I for one would love to load an account, and prove that martingale can work, but the reality is you stand to lose time trying to defend your position to the pessimistic people on this website instead of getting people to understand why you would use martingale in the first place. Most people use martingale as a form of money management to recover their losses quicker. Instead of using martingale to recover your losses based on the probability of your next trade being more in your favor. Which is why I say that it is unfair to say martingale doesn't work, if you aren't looking at the actual system which is traded along side it.

vontogr (togr)
Dec 01 2014 at 14:38
posts 4862
Cholipop posted:
togr posted:
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724


 Simply look at some key stats of your system.

1) You have about a 50% win percentage
2) Your avg hold time is that of 2days
3) Your money management is very strick (which causes you to earn such little % change per month)
4) Your trades aren't accurate... Your avg pip drawdown (i assume because you are trading on the higher tf) is that of 90 pips or so. (Your pip-drawdown is higher then the daily trading range of most of the currencies which you are trading)

 To sum it up martingale would work in that system ONLY because his first wager is so small, and if you look at the RISK OF RUIN you will see how many losses in a row it would take for him to lose a certain amount of %

 I for one would love to load an account, and prove that martingale can work, but the reality is you stand to lose time trying to defend your position to the pessimistic people on this website instead of getting people to understand why you would use martingale in the first place. Most people use martingale as a form of money management to recover their losses quicker. Instead of using martingale to recover your losses based on the probability of your next trade being more in your favor. Which is why I say that it is unfair to say martingale doesn't work, if you aren't looking at the actual system which is traded along side it.


You dont get it at all.

The link i sent is showing martingale is actually working. With 6% profit mo and DD below 20%
My point is martingale is risky and there are better systems.

Cholipop
Dec 01 2014 at 15:02
posts 406
togr posted:
Cholipop posted:
togr posted:
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724


 Simply look at some key stats of your system.

1) You have about a 50% win percentage
2) Your avg hold time is that of 2days
3) Your money management is very strick (which causes you to earn such little % change per month)
4) Your trades aren't accurate... Your avg pip drawdown (i assume because you are trading on the higher tf) is that of 90 pips or so. (Your pip-drawdown is higher then the daily trading range of most of the currencies which you are trading)

 To sum it up martingale would work in that system ONLY because his first wager is so small, and if you look at the RISK OF RUIN you will see how many losses in a row it would take for him to lose a certain amount of %

 I for one would love to load an account, and prove that martingale can work, but the reality is you stand to lose time trying to defend your position to the pessimistic people on this website instead of getting people to understand why you would use martingale in the first place. Most people use martingale as a form of money management to recover their losses quicker. Instead of using martingale to recover your losses based on the probability of your next trade being more in your favor. Which is why I say that it is unfair to say martingale doesn't work, if you aren't looking at the actual system which is traded along side it.


You dont get it at all.

The link i sent is showing martingale is actually working. With 6% profit mo and DD below 20%
My point is martingale is risky and there are better systems.



 That's just it, and you have proved my point.... Martingale is NOT A SYSTEM! Martingale is money management. Martingale in no way shape or form tells you WHEN TO BUY OR SELL. Martingale only has to do with you doubling your wager after a loss.... So YOUR SYSTEM would determine if you use martingale or not.

vontogr (togr)
Dec 01 2014 at 15:19
posts 4862
Cholipop posted:
togr posted:
Cholipop posted:
togr posted:
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724


 Simply look at some key stats of your system.

1) You have about a 50% win percentage
2) Your avg hold time is that of 2days
3) Your money management is very strick (which causes you to earn such little % change per month)
4) Your trades aren't accurate... Your avg pip drawdown (i assume because you are trading on the higher tf) is that of 90 pips or so. (Your pip-drawdown is higher then the daily trading range of most of the currencies which you are trading)

 To sum it up martingale would work in that system ONLY because his first wager is so small, and if you look at the RISK OF RUIN you will see how many losses in a row it would take for him to lose a certain amount of %

 I for one would love to load an account, and prove that martingale can work, but the reality is you stand to lose time trying to defend your position to the pessimistic people on this website instead of getting people to understand why you would use martingale in the first place. Most people use martingale as a form of money management to recover their losses quicker. Instead of using martingale to recover your losses based on the probability of your next trade being more in your favor. Which is why I say that it is unfair to say martingale doesn't work, if you aren't looking at the actual system which is traded along side it.


You dont get it at all.

The link i sent is showing martingale is actually working. With 6% profit mo and DD below 20%
My point is martingale is risky and there are better systems.



 That's just it, and you have proved my point.... Martingale is NOT A SYSTEM! Martingale is money management. Martingale in no way shape or form tells you WHEN TO BUY OR SELL. Martingale only has to do with you doubling your wager after a loss.... So YOUR SYSTEM would determine if you use martingale or not.


Nevermind you dont get it.
Anyway I am going to repeat:
Anyone who says martingale is good - prove it by real account here on MFB.

Cholipop
Dec 01 2014 at 15:33
posts 406
togr posted:
Cholipop posted:
togr posted:
Cholipop posted:
togr posted:
Its quite easy.
Everyone who stands up for Martingale should put a link to real working account to prove his words.
I don't stand up for Martingale though I have such link:)
https://www.myfxbook.com/members/togr/str-79--81-/646724


 Simply look at some key stats of your system.

1) You have about a 50% win percentage
2) Your avg hold time is that of 2days
3) Your money management is very strick (which causes you to earn such little % change per month)
4) Your trades aren't accurate... Your avg pip drawdown (i assume because you are trading on the higher tf) is that of 90 pips or so. (Your pip-drawdown is higher then the daily trading range of most of the currencies which you are trading)

 To sum it up martingale would work in that system ONLY because his first wager is so small, and if you look at the RISK OF RUIN you will see how many losses in a row it would take for him to lose a certain amount of %

 I for one would love to load an account, and prove that martingale can work, but the reality is you stand to lose time trying to defend your position to the pessimistic people on this website instead of getting people to understand why you would use martingale in the first place. Most people use martingale as a form of money management to recover their losses quicker. Instead of using martingale to recover your losses based on the probability of your next trade being more in your favor. Which is why I say that it is unfair to say martingale doesn't work, if you aren't looking at the actual system which is traded along side it.


You dont get it at all.

The link i sent is showing martingale is actually working. With 6% profit mo and DD below 20%
My point is martingale is risky and there are better systems.



 That's just it, and you have proved my point.... Martingale is NOT A SYSTEM! Martingale is money management. Martingale in no way shape or form tells you WHEN TO BUY OR SELL. Martingale only has to do with you doubling your wager after a loss.... So YOUR SYSTEM would determine if you use martingale or not.


Nevermind you dont get it.
Anyway I am going to repeat:
Anyone who says martingale is good - prove it by real account here on MFB.


 Your the one who doesn't get it. Just as you don't get trading! Martingale is NOT A SYSTEM. It is only a form of wagering...

Cholipop
Dec 01 2014 at 15:44
posts 406
Ok, I am going to prove that martingale works. Please follow this account... This is a new client which I have obtained today.
https://www.myfxbook.com/members/Cholipop/clientasof1stdec/1089695


vontogr (togr)
Dec 01 2014 at 15:48
posts 4862
Cholipop posted:
 Ok, I am going to prove that martingale works. Please follow this account... This is a new client which I have obtained today.
https://www.myfxbook.com/members/Cholipop/clientasof1stdec/1089695



And where is any proof?
1 day old account with hidden trades?
LOL

Cholipop
Dec 01 2014 at 16:09
posts 406
togr posted:
Cholipop posted:
 Ok, I am going to prove that martingale works. Please follow this account... This is a new client which I have obtained today.
https://www.myfxbook.com/members/Cholipop/clientasof1stdec/1089695



And where is any proof?
1 day old account with hidden trades?
LOL


Do you lack the ability of READING... It says to PLEASE FOLLOW THIS ACCOUNT. meaning from here on out I will be using martingale money management to grow this account. This client has lost money, following managers like you who get hammered in trending markets. Which is why so many of your accounts have such high drawdowns.

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