Currently working on a news filter and looking to add an equity stop and equity trailing stop.
Yes i agree with you Lim, using news filter help alot to avoid Mom Call / MC. on my first attemp in my backtest i filtered NFP news, on first Friday, it help a bit, on second attemp, i did news filter on Thu and Fri on first week of the month it help a lot
My ea on the system is not doing too bad, gotta keep that .01 per 5 k min though or on nano 500 ish. probably 5-8% dd at all times normal running. Martingales are ok usually if you have the proper acct size and pip spacing. But nobody does that :) of course no martin is safe from a massive steady drop with no retraces.
I run this system as well... Not trying to advertise so I wont post a link personally...
...but when you use this system, its best to keep updating and weed out more possible flaws. Of course this will slow your earnings but it is very very hard to blow a full $15k+ if your working small.
Those who complain about it are also the ones who tried to raise the settings to a point where they don't take margin into consideration. They also use multiple currencies to increase their returns and most martingale EA's made don't count all (through all currencies) trades and limit them.
Margin + Capital is key. If your martingale cant hold atleast 8-10 levels of a martingale minimum in margin and capital, your going to have a higher chance of blowing out your account.
People just dont like it because it usually results in negative pips and knowing that things could get really bad later with bad money management.
cycling one refinement I can add is say you have 12 trades the wrong way and you need 6 to go to profit to break even but only 3 or 4 go in to profit and it looks like it is heading back against you ....then close the profitable ones and reload maybe with bigger gaps if necesssary and it goes against you again...(if not you are just back to where you were a few trades ago)...and repeat, I call this cycling .... if you do it a few times then you can break even and still have open losing trades.
another way is to hedge when the loss is intolerable and use the profit to sustain the unhealthy account, but you need to do this gently and with a stop.
also fading out is better than doubling in and since trouble only comes when you seriously misjudge the strength of the move it'll help a lot in taking the sting out
So long as you know where 1 yr, 5 yr and 10 yr low and high is and assume it may well beat that then you know the range between where you are now and how bad it can get. if you know range you can calculate lot size and spacing. I just survived CAD/JPY buying from 85 something down to 78. No problem just dull waiting it out...
this is why i think you cant win doing this mechanically. A program cannot think about how to preserve capital and thought cannot be replaced by if and then type rules and i expect many people disagree.
I don't see why people even bother testing or even developing martingale strategies. Even if I had to choose between 100%/month martingale or 5%/month regular strategy, I would go for 5%/month - it will always end up better eventually anyways.
I also agree that martingale system will blow up your account sooner or later but on the other hands money management is more important if you use this 'doubling in' strategy. Take consider not to use martingale system without other important indicator like CCI, RSI, MACD,... There must be another second opinion that we use to measure lot size that we gonna use. With properly money management you can get 10% profit/day (about 200% profit/month) from your initial deposit if there is no 'deadly movement' which can blow up your account.
Martingale system more safe if use for scalping or maybe intra day trading, but for long term trading you have to prepare for a big drawdown especially on 'roller coaster' pair that moves a lot.
Last thing withdraw you profit regularly ASAP as you get enough balance for margin resistance for all pair you trade in. Don't be greedy even on controlled situation 😁
how about doble lots increments after 4 consecutive losses and linear increament for consecutive losses. surely thats a good semi martingale system, not for massive profit but just to fight the losses better.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.