Best pair for martingale

Hi,

Please do not martingale. The more volatile the pair the worst it is for martingale strategy.

Actually in Martingale the more volatile the better.

it depends at what speed you want to loose your money,jpy pairs are very good at it followed bt gbpusd ,you sure to get a great failure ,smart pants

First of all. Martingale isn't a 'strategY'. Well, it is, but it is only a money management strategy. iA person who uses martingale, as myself, only doubles or triples after a loss, depending on the formation he or she is trading. Formations with low expectancy of consecutive losses are the ones which you want to use martingale with, because after every loss you chances of getting your tp hit is increased greatly.
  So instead of telling people to not martingale, why not ask first which system they are using WITH martingale.

rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.

I am not a fan of Martingale strategies, but in theory if you have enough funds, and start with small order size keeping strict control it could bring some profits.
I am saying in theory, because in such movements like SNB's interventions may erase all profits plus even initial amount.

As I said last week - I try now with USDZAR and this is my result:
https://www.mql5.com/en/charts/7195669/usdzar-m5-instaforex-group
I just rely on the volatility as I wrote.
The main goal is to invest a small amount like 100usd and let it grow to 200-300. Than withdraw profit and restart. This way I dont care the EA blows account once a month :)

donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.

you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that

Actually Martingale is a strategy.

I have seen a few traders solely used it for trading.

However, it is not recommended especially for retail traders with micro or mini account.

Why do you use HARAKI EA? Is it good?

rob559 posted:

donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.

you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that

How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.

Forex_Villa posted:

rob559 posted:

donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.

you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that

How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.

 People who DON'T use martingale, typically aren't able to control their DD, so why should you expect martingale to be any different? The only way to use martingale effectively is to have a 'trading system' which doesn't have a high consecutive loss count. If you know that your system won't have more than, say for an example, 5 losses before your TP is hit, you simply scale your martingale money management into the trade.
 So say the max you are willing to lose on those 4 trades is 10% of your account. You can simply divide the 10% loss in the following manner.

Loss 1 .1%
Loss 2 .4%
Loss 3 2.5%
Loss 4 7 %
---------------------------
                  10%

What you can see is that after every loss you are more than doubling your lot size, which means that should any of the orders from order 2 to 4 be winner, not only will it cover the last few losses, but you will always have net profit! So all in all, this all boils down on the trader's ability to stick to his system 100% of the times, and to follow the money management used above.

those talking about marti success are amateur traders with only cent acc to show their confidence

donchang posted:
Why do you use HARAKI EA? Is it good?

I coded it myself. It just opens larger lot size on every signal. Nothing special :)

rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence

Under my profile you can see that I am trading live with 200k usd. I am just curious if there is a way how to decrease risk of martingale strategy by opening buys and sells together. It means BUY on every signal, and SELL on every signal until we reach profit. I dont care if account is blown once a month if it triples the deposit in the meantime. Any ideas?

GJscalper posted:

Forex_Villa posted:

rob559 posted:

donchang posted:
rob, martingale is about DD control and low profit for long term. I aim for only 1% profit a day which keep my drawdown low.

you think you gonna teach me what is a martingale....10 years experience bro.you can't buy that

How do you control DD with martingale?

I am really curious to know. The last time I did that, I blew 50% of my account in a week.

 People who DON'T use martingale, typically aren't able to control their DD, so why should you expect martingale to be any different? The only way to use martingale effectively is to have a 'trading system' which doesn't have a high consecutive loss count. If you know that your system won't have more than, say for an example, 5 losses before your TP is hit, you simply scale your martingale money management into the trade.
 So say the max you are willing to lose on those 4 trades is 10% of your account. You can simply divide the 10% loss in the following manner.

Loss 1 .1%
Loss 2 .4%
Loss 3 2.5%
Loss 4 7 %
---------------------------
                  10%

What you can see is that after every loss you are more than doubling your lot size, which means that should any of the orders from order 2 to 4 be winner, not only will it cover the last few losses, but you will always have net profit! So all in all, this all boils down on the trader's ability to stick to his system 100% of the times, and to follow the money management used above.

If you talk about hedging, I believe it works better compared to martingale. From your formula, I still can't accept it cuz as a trader, you know no one is able to follow 100% all the time. We slip from time to time. We are human after all. So to put it in a nutshell, it is a highly aggressive or even dangerous method in my opinion.

Have you ever tried 1x multiplier anti-martingale strategy?
Also, have you ever tried .95x multiplier anti-martingale straegy?

LOL, you will enjoy the results. :)

I've seen a 1x multiplier take a $100USD (not cent) account at .01 lot and it would make profit and keep going and going. It's WAY SAFER than multiplier of 1.2 or above.

rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence

 Are you seriously talking about Martingale traders, when you are profitable yourself, but you can't even make enough money in a month to cover your internet bill.

profijet posted:

rob559 posted:
those talking about marti success are amateur traders with only cent acc to show their confidence

Under my profile you can see that I am trading live with 200k usd. I am just curious if there is a way how to decrease risk of martingale strategy by opening buys and sells together. It means BUY on every signal, and SELL on every signal until we reach profit. I dont care if account is blown once a month if it triples the deposit in the meantime. Any ideas?

 The first question would be , 'what is your definition of risk'. Only because 'risk' can not be calculated at all in forex. People use terms like 'that is a risky trade' but risk is defined by you simply taking an action with the hopes of reaching the desired outcome.