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Martingale/averaging expert advisors
forex_trader_323686
Member Since Apr 26, 2016
93 posts
Sep 04, 2016 at 06:36
I use a 4 level grid that is in place just in case I cannot catch the reversal. As long as the grid extends beyond the channel and there is no sign of the trend ending soon, I let it run.
forex_trader_350575
Member Since Aug 09, 2016
8 posts
Sep 05, 2016 at 05:05
Totally agree ;)
sebast posted:
Yes it doesn t work for those who doesn t know how to use it and it works well for those who knows how to use it. End of the discussion lol.
Sep 05, 2016 at 10:14
JayTeeFX posted:
Does anyone know of a nice aggressive martingale EA that will work with ECN broker like vantage???
You do know that martingale EA is half the battel. My EA uses martingale money management but it isn't a martingale EA persay.
@GJscalper for more information
Sep 05, 2016 at 10:32
togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
Keep at it
Sep 05, 2016 at 10:44
Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
say the price is 1.00 and you sell. Price goes to 1.01 and you sell again with a larger size. Price goes futher and you increase again. It is common to cap the increase, so say you just go for 6 trades and with a doubling in this example, now you have a 63 times larger size than you started off with, at an average of 1.03.
Compare to a buy and hold strategy, it would actually be the same if you start with 1/63 the size you would if you opened one position at 1.03.
Nothing prevents you from having a stop-loss or use other ways to limit your losses.
Sep 05, 2016 at 12:22
Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
Which almost no one does.
@GJscalper for more information
Member Since Feb 22, 2011
4573 posts
Sep 06, 2016 at 05:20
Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...
Sep 06, 2016 at 08:05
togr posted:Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...
1 of 11 charts running is martingale in the account I've on display.
I understand grid and doubling/martingale.
I was confused with the decreasing equity meaning martingale.
A strategy that is tested, say 1.00 lot for 100,000. When it loses it's first trade and goes to 98,000, when it opens it's next trade at 1.00 lot does that mean it fits your 1st definition of martingale? Decreasing equity equalling larger trade size?
Keep at it
Member Since Nov 21, 2011
1601 posts
Sep 06, 2016 at 09:55
A grid involves both Long & Short positions... a grid is hedged system.
Martingale is a way to recover the previous loss by increasing lotsize while betting the same direction again and again.
Martingale is a way to recover the previous loss by increasing lotsize while betting the same direction again and again.
Member Since Feb 22, 2011
4573 posts
Sep 06, 2016 at 09:57
Magiic posted:togr posted:Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...
1 of 11 charts running is martingale in the account I've on display.
I understand grid and doubling/martingale.
I was confused with the decreasing equity meaning martingale.
A strategy that is tested, say 1.00 lot for 100,000. When it loses it's first trade and goes to 98,000, when it opens it's next trade at 1.00 lot does that mean it fits your 1st definition of martingale? Decreasing equity equalling larger trade size?
Martingale scheme is adding to position when equity decreases.
Equity decreases when open trades are negative.
So lets say you have account balance and equity $1,000
You open trade which turns negative to -$100
So your equity decreased.
Sep 06, 2016 at 10:01
togr posted:Magiic posted:togr posted:Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...
1 of 11 charts running is martingale in the account I've on display.
I understand grid and doubling/martingale.
I was confused with the decreasing equity meaning martingale.
A strategy that is tested, say 1.00 lot for 100,000. When it loses it's first trade and goes to 98,000, when it opens it's next trade at 1.00 lot does that mean it fits your 1st definition of martingale? Decreasing equity equalling larger trade size?
Martingale scheme is adding to position when equity decreases.
Equity decreases when open trades are negative.
So lets say you have account balance and equity $1,000
You open trade which turns negative to -$100
So your equity decreased.
That is correct. Equity also decreases to the same amount if you close the trade.
Keep at it
Member Since Feb 22, 2011
4573 posts
Sep 06, 2016 at 10:11
Magiic posted:togr posted:Magiic posted:togr posted:Magiic posted:togr posted:
Correct definition of martingale is that with decreasing equity you increase trade size. So even grid is form of martingale.
More common definition is that martingale is increasing trade size, while grid is adding more positions of the same size.
The first definition is the same for any strategy unless you stop trading once you get 1 wrong?
No martingale is like you trade
1 lot and loose so you open 2 lots and loose so you open 4 lots etc
Grid is like you trade 1 lot and did not reach profit so you add another 1 lot trade and another...
1 of 11 charts running is martingale in the account I've on display.
I understand grid and doubling/martingale.
I was confused with the decreasing equity meaning martingale.
A strategy that is tested, say 1.00 lot for 100,000. When it loses it's first trade and goes to 98,000, when it opens it's next trade at 1.00 lot does that mean it fits your 1st definition of martingale? Decreasing equity equalling larger trade size?
Martingale scheme is adding to position when equity decreases.
Equity decreases when open trades are negative.
So lets say you have account balance and equity $1,000
You open trade which turns negative to -$100
So your equity decreased.
That is correct. Equity also decreases to the same amount if you close the trade.
Sure.
Standard martingale open new bigger position after smaller loosing positions is closed.
Member Since Feb 22, 2011
4573 posts
Sep 07, 2016 at 06:03
Magiic posted:
Are you saying that unless you scale down position size to be an exact % of the balance at whatever the balance is, anything other than that is a grid and or martingale?
With decreasing equity yes.
With increasing equity it is anti-martingale.
But it is pure definition. In normal terms I would not be so strict.
Sep 12, 2016 at 07:07
Martingale is a system where your next winning bet covers the previous losing bets - any multiplier less than isn't really martingale.
I second JayTee on that - can anyone direct us to a martingale that works most the time on Vantage RAW ECN? I used to play martingale a lot on roulette - it's not a solid investment strategy but can be a great gambling/quick money strategy!
JayTeeFX posted:
Does anyone know of a nice aggressive martingale EA that will work with ECN broker like vantage???
I second JayTee on that - can anyone direct us to a martingale that works most the time on Vantage RAW ECN? I used to play martingale a lot on roulette - it's not a solid investment strategy but can be a great gambling/quick money strategy!
Sep 16, 2016 at 06:41
Hey Sacombe, you're right but a lot of people posting here have been using cent accounts which avoids the problem. If you had an EA with a 50% win rate and max consecutive losses less 8 or so .... you could work wonders implementing martingale ... but strategies like that are hard to come across!
What me an JT want is just a an average martingale that usually wins - we'll deposit a couple hundred at Vantage each week - most weeks it will make crazy profits ... every now and then you'll lose your money for that week. I think this is the best way to use Martingale - turn it's weakness into a strength. Of course sometimes you'll lose but who cares.
Problem is no one can seem to point us to a martingale that even works most of the time .... any ideas folks?
What me an JT want is just a an average martingale that usually wins - we'll deposit a couple hundred at Vantage each week - most weeks it will make crazy profits ... every now and then you'll lose your money for that week. I think this is the best way to use Martingale - turn it's weakness into a strength. Of course sometimes you'll lose but who cares.
Problem is no one can seem to point us to a martingale that even works most of the time .... any ideas folks?
