The Martingale strategy i good?

The Martingale strategy, is an effective technique to make trading in forex? According to you what type of account you should open by applying this strategy to be successful? And with how much money should I start? Someone using this strategy in a successful way? I have used this technique to the casino with $ 10 and once I came home with $ 110, even if it would work with forex would really not bad ;)

http://www.myfxbook.com/members/ketambatu/kambing/693359

Martingale = a ticking bomb.

Not a bad idea if done right. But the martingale is like a high performance engine, it can over power trading that doesn't have a powerful money management structure. As it happens, I'm writing a book on the subject, that's why your subject heading caught my attention, however, you can get a little more information from our research site. There is nothing to buy on this web page, just free information about our research. I think it could help you, that is why I felt compelled to recommend it to you. forex-assistant.com From one researcher to another, Good luck with your search and yes, its worth it. Bob

If You like low profit and big lioss Россия, Martingale is thing for You.

ForexAssistant posted:
Not a bad idea if done right. But the martingale is like a high performance engine, it can over power trading that doesn't have a powerful money management structure. As it happens, I'm writing a book on the subject, that's why your subject heading caught my attention, however, you can get a little more information from our research site. There is nothing to buy on this web page, just free information about our research. I think it could help you, that is why I felt compelled to recommend it to you. forex-assistant.com From one researcher to another, Good luck with your search and yes, its worth it. Bob

May we see the link to your website to learn more about your research? 😐

"May we see the link to your website to learn more about your research?"

Of course,

http://forex-assistant.com/

Please understand that the reason people believed things like martingales don't work or that it isn't safe is because martingale was a mathematician and the rules for mathematics are very strict. Unfortunately most traders are gambles, not mathematicians and they just were not using these systems properly..

We have a whole new way to trade that is neither technical (uses no indicators) nor fundamental (uses no news reports) it is being called systemic trading but this type of trading can not be done by humans alone it requires a computer to work in conjunction with the trader. The combination of human and computer is simply called cyborg trading which is not a trading system but any system that requires both human and computer to function.

By the way that ketambatu thing above is not a martingale of any type not even a modified one, probably just someone spamming the board.

Bob

Some martingale strategies can survive long enough to give you profit.
3 diff martingale str on realaccount
http://www.myfxbook.com/members/togr/martin-gale-trade-f/647032

togr posted:
Some martingale strategies can survive long enough to give you profit.
3 diff martingale str on realaccount
http://www.myfxbook.com/members/togr/martin-gale-trade-f/647032

To make it work you really need a cent account (like you did) and be careful with your risk management.

Seriously DD arrive so fast and can be deadly! I can't believe anyone serious would put a full account of 10k or more and risk it on such dangerous strategy...

The only possible / gamblish way I can think of is withdrawing partial profit every month/week until you get your initial back and hope that it won't explode before :/

no matter how experienced your analysis, there is no way can be 100% sure. it could be 60% , 50% or 40%..then martingale actually has more edge in some cases. but of course not everytime

Hi All,

This is not a new topic for discussion. Martingale is very much depend on your money management not too much on trading logic.

This is a reference that making a consistent monthly return for more than 3 years:
http://www.myfxbook.com/members/pip2cash/2nd-showcase-account/23063


Regards,
SIM

It must really be hard to stay on topic. The link above and the one on the previous page are not martingale recovery programs. It doesn't matter if you think that you got a great program or not, it isn't a martingale therefore off subject. Off subject is considered spam. There are modified martingale systems that work well though the standard martingale with typical small range sizes (take profits - stop-losses) will eventually wipe out an account.

People that just go around pol parroting others without any real understanding of the subject is a loss to themselves and a hindrance to the others that are trying to think for themselves. My dad used to say to us that "it is better to be thought a fool than to open your mouth and remove all doubts".

Saying something doesn't work only means that you don't know how to make it work. "If man was meant to fly god would have given him wings", - or the Wright brothers to teach him how to do what was previously thought to not work.

Here is a martingale that does work however the settings have not been optimized yet and the program is not ready for sale.
Phoenix Program Testing Account
http://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955

The non rectified resets are to check out a secondary recovery system that is designed to recover any loss if the primary martingale recovery system fails. You can read about this system at the research website http://forex-assistant.com/phoenix/
You can not purchase at that site it is for information only.

Good luck guys.
Bob

ForexAssistant posted:
It must really be hard to stay on topic. The link above and the one on the previous page are not martingale recovery programs. It doesn't matter if you think that you got a great program or not, it isn't a martingale therefore off subject. Off subject is considered spam. There are modified martingale systems that work well though the standard martingale with typical small range sizes (take profits - stop-losses) will eventually wipe out an account.

People that just go around pol parroting others without any real understanding of the subject is a loss to themselves and a hindrance to the others that are trying to think for themselves. My dad used to say to us that "it is better to be thought a fool than to open your mouth and remove all doubts".

Saying something doesn't work only means that you don't know how to make it work. "If man was meant to fly god would have given him wings", - or the Wright brothers to teach him how to do what was previously thought to not work.

Here is a martingale that does work however the settings have not been optimized yet and the program is not ready for sale.
Phoenix Program Testing Account
http://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955

The non rectified resets are to check out a secondary recovery system that is designed to recover any loss if the primary martingale recovery system fails. You can read about this system at the research website http://forex-assistant.com/phoenix/
You can not purchase at that site it is for information only.

Good luck guys.
Bob

Well you know I am not like you. I am not selling my EAs. But the account I posted is pure martingale. Everyone with IQ>50 can see it.

@vontogr
I hadn't looked at your account, I was referring to the other link on the first page however, I have now gone back and looked at your link.
From your withdraw of $70 on Aug 29th you had
08.29.2013 17:45 EURUSD Buy 0.98 lots sl = -38.70 TP = 31.30 a loss of -38.7 pips and $-379.26
08.30.2013 17:58 EURUSD Buy 2.44 lots sl = -41.20 TP = 28.80 a loss of -41.2 pips and $-1005.28
08.30.2013 18:09 EURUSD Buy 0.01 lots SL= -63.10 TP = 26.80 a loss of -63.1 pips and $ -6.31
09.02.2013 17:10 EURUSD Sell 0.10 lots SL= -22.90 TP = 23.60 a profit 23.6 pips and $ 23.60
09.02.2013 18:05 EURUSD Sell 6.10 lots SL= -40.20 TP = 29.80 a profit 29.8 pips and $1817.80

This on a balance of $10,000 Not only is this no where near a martingale sequence, the lots are not growing in any kind of fashion and neither are the pips, but it isn't even logical. In addition, anyone that would open 6.10 lots on an account with only $10,000 is just down right insane.

I wasted a good 10 min of my time running down this obvious non sense. That is the problem with these boards, people that don't know the definition of a martingale is free to make comments about everything that they don't know. "everyone with an IQ > 50 can see it"? well, I have an IQ of 142 and I don't see. Maybe you could explain it too us.

There is a lot of good information out there but you got to make sure who you are listening to. This guy and others like him are the reason so many people believe that mathematical systems such as the martingale are bad, Like I said, you just got to know what your doing.

Had that 6.10 trade gone bad, you would never see this link, it would have just closed and another opened.

This is a martingale sequence,
1, 2, 4, 8, 16, 32 ....
This is a modified martingale sequence, 1, 3, 7, 15, 31, 63 ... 2 to the nth power - 1
Fibonacci sequence 1, 2, 3, 5, 8, 13, 21...
Notice the mathematical procession?

My advice vontogr, stop trading, you don't have any idea what you are doing. I'm sorry to be the barer of bad news as this will no doubt upset you but someone needs to point out the obvious and I am at least qualified to do that much. "Learn before you earn", then you will be able to keep what you make. Hate me now if you like, but it is good advice and would benefit you to think about it..

Bob

Or simply find a simple and solid EA that will do the job for you and all you'll have to do is monitor.

@ Thalantas Yep, but that's not a martingale. To my knowledge there never has been a martingale simple enough for regular investors. There is a grid strategy (again not standard) that has taken over 3,000 trades back during the melt down of 2008 and never lost one. This is not a martingale system but it is still systemic, that is based on mathematical computations instead of indicators. No indicators, no real decisions are necessary, everything is programmed in, just set up and the program averages just over 1% a month, 12% per year, that's a good system for investors. It doesn't interest a lot of traders as you can't get rich over night that way but for someone looking for a reliable passive income, you can't beat it. Unfortunately, this is also the program that spooked the bankers and the US government's watchdogs the NFA which dreamed up FIFO to keep it from being used in the US.

In other words the government screwed us again to support the banks. This time they didn't even need a bail out. Oh well.

There is a strange recovery system that will work with US brokers, it is sort of a no loss system but a little different than a martingale. It was created by my old programmer as a martingale system but back then I could not endorse it. This new system though, works good. It holds trades open just as the no loss grid system does but then it closes them all at the same time. And every time it closes, it closes for a profit however not all elements close for a profit. Some trades close for a small loss while the others close for a larger profit, so if you want to be a stickler and say it isn't a no loss system because it has some trades that do close for a loss, no one could argue. But if your OK with several trades all closing at the same time considered one trade then it is a no loss system.

Since no one has asked about this almost a martingale of a sort, I won't link to the data page in this post.

Good luck, good trading

Bob

ForexAssistant posted:
@vontogr
I hadn't looked at your account, I was referring to the other link on the first page however, I have now gone back and looked at your link.
From your withdraw of $70 on Aug 29th you had
08.29.2013 17:45 EURUSD Buy 0.98 lots sl = -38.70 TP = 31.30 a loss of -38.7 pips and $-379.26
08.30.2013 17:58 EURUSD Buy 2.44 lots sl = -41.20 TP = 28.80 a loss of -41.2 pips and $-1005.28
08.30.2013 18:09 EURUSD Buy 0.01 lots SL= -63.10 TP = 26.80 a loss of -63.1 pips and $ -6.31
09.02.2013 17:10 EURUSD Sell 0.10 lots SL= -22.90 TP = 23.60 a profit 23.6 pips and $ 23.60
09.02.2013 18:05 EURUSD Sell 6.10 lots SL= -40.20 TP = 29.80 a profit 29.8 pips and $1817.80

This on a balance of $10,000 Not only is this no where near a martingale sequence, the lots are not growing in any kind of fashion and neither are the pips, but it isn't even logical. In addition, anyone that would open 6.10 lots on an account with only $10,000 is just down right insane.

I wasted a good 10 min of my time running down this obvious non sense. That is the problem with these boards, people that don't know the definition of a martingale is free to make comments about everything that they don't know. "everyone with an IQ > 50 can see it"? well, I have an IQ of 142 and I don't see. Maybe you could explain it too us.

There is a lot of good information out there but you got to make sure who you are listening to. This guy and others like him are the reason so many people believe that mathematical systems such as the martingale are bad, Like I said, you just got to know what your doing.

Had that 6.10 trade gone bad, you would never see this link, it would have just closed and another opened.

This is a martingale sequence,
1, 2, 4, 8, 16, 32 ....
This is a modified martingale sequence, 1, 3, 7, 15, 31, 63 ... 2 to the nth power - 1
Fibonacci sequence 1, 2, 3, 5, 8, 13, 21...
Notice the mathematical procession?

My advice vontogr, stop trading, you don't have any idea what you are doing. I'm sorry to be the barer of bad news as this will no doubt upset you but someone needs to point out the obvious and I am at least qualified to do that much. "Learn before you earn", then you will be able to keep what you make. Hate me now if you like, but it is good advice and would benefit you to think about it..

Bob

Well my friend,
you should read before you write.
I wrote the account is running 3 DIFFERENT strategies.
That's why you can't see multiplying lot sizes, you need to filter by magic number.
Than you for advice but I ran the same strategies for half year without problem and I will run ii for years.
You bet?

I'm no pro in Martingale strategies but I think that running three martingales on one account could completely mess up every single strategy. What's your point of view on that Bob?

Well I see I am wasting my time here.
Last comment: you can run as many strategies as you wish on single account as long as you keep different magic numbers to evaluate each separately and as long as you do not have to big drawdown.