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is it possible to turn $100 to $1000 in 4 weeks ? (real account)
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Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 27 2014 at 20:42
Profit factor of 755 +

Why guess, when you can react to what is in front of you.
Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 27 2014 at 20:42
Hello everyone.

   I have now updated all 3 accounts. You will see liquidation of one account (that account has had its account balance transferred to EUR and is now known as USD XFERED TO EUR account.
   Fefeen account will serve as the first account to be used with martingale, then the other account will set as the martingale net to cover the losses.

   Rule still stands that I margin call after 4 straight losses.

Why guess, when you can react to what is in front of you.
Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 27 2014 at 20:42
ahuruglica posted:
@togr

You are wrong, I don't mind going back to school if there is something to learn. As a matter of facts there is a lot of things I don't know and I long for knowledge. One thing is for sure, you cant teach me about math. If it makes your ego feel better, feel free to offend me again. But at least have something meaningful to say and stop being a kid.

This is the link about forex martingale strategy from forexop.com (I did not write that) and also the graph from same site. Clearly visible, LOTS ARE NOT CLOSED, they are closed when on profit (16 lots on total).

https://forexop.com/martingale-trading-system-overview/





  Hello Ahuruglica. Wouldnt it be save to say that you have different forms to wager using martingale. Simply a person having a mental sl or not the reality is by entering a larger lot size in the opposite direction or same direction after a LOSS you stopping the bleeding, OF THE LOSING POSITION, and it can no longer add to cause you free margin to decrease (assuming you keep the order open)
  A person who martingales that way is more concerned with stats, then trying to recover the actual loss. Recovering the net loss can/ will occur only once the larger order starts to hit green.

Why guess, when you can react to what is in front of you.
Professor53

Členom od Dec 15, 2010  795 príspevkov Professor53 Aug 27 2014 at 21:57 (upravené Aug 27 2014 at 21:58 )
I designed and built a nice gridder with martingale. If any one wishes to play with it , let me know. I do not use on real money. Fun to test.

P53

Click on my Name to see My Live Charts and Bio.
ahuruglica

Členom od Jun 28, 2013  852 príspevkov ArdiFX (ahuruglica) Aug 27 2014 at 22:08 (upravené Aug 27 2014 at 22:09 )
Cholipop posted:
  Hello Ahuruglica. Wouldnt it be save to say that you have different forms to wager using martingale. Simply a person having a mental sl or not the reality is by entering a larger lot size in the opposite direction or same direction after a LOSS you stopping the bleeding, OF THE LOSING POSITION, and it can no longer add to cause you free margin to decrease (assuming you keep the order open)
  A person who martingales that way is more concerned with stats, then trying to recover the actual loss. Recovering the net loss can/ will occur only once the larger order starts to hit green.


I would like to explain why martingales does not work in a simple way. As much as I can.

Markets have random behaviour which can be explained by math. There are two types of distribution on random theory: normal distributon and fat tail distribution. Normal distribution is the distribution which can be found everywhere in nature. An excample: if you toss a coin 100 times, you dont excpect all the tosses to be heads, some of them will be tails to. Most of the time 50/50. There is no universal law that all the tosses can't be heads, but the chances are verry low (1/2 to power 100) or 0.00000000000000000007%.

Unfortunatetly, markets have fat tail distribution. Meaning rare events will occur more often. There are too many market crashes, about every 5-7 years. Which they should occur one in a few billion years (with normal distribution). Those rare events are that kill martingales. Sometimes the market can move 500 pips, and you might need only a few pips to reach green but it won't happen (because of that f*** fat tail).

I've seen a lot of traders with martingales market had no compasion above them. You will be no exception. Please enjoy the ride and withdraw as much as you can. On the long run, also withdrawals will not work.

You can search about fat tail distribution on wikipedia if interested. You may also read the book 'a random walk down wall street' or the book 'when geniouses failed', at the end of the book it is mentioned what I excplained.

Hope I was clear.
Regards

alexforex007

Členom od Oct 11, 2013  664 príspevkov alexforex007 Aug 28 2014 at 00:28
I like your explanation very much, ArdiFX. I will be searching for those books.

tmk471

Členom od Apr 21, 2014  13 príspevkov SQForex (tmk471) Aug 28 2014 at 06:23
Thousands of people lose their hard earned income every day trading forex. There is one simple reason behind it - they think forex is a quick rich scheme and in the hope lose everything. There isn't one single example of a trader who was or is making 10% or more per month consistently. They don't last a year or two. Why don't we try to learn this simple rule? If you want to trade forex, do it like any other business with patience, minimal risk and reasonable income expectations. In forex only those traders last who keep their risk to a minimum without caring about their profit.

Control your risk, profit will follow you!
Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 28 2014 at 06:23
ahuruglica posted:
Cholipop posted:
  Hello Ahuruglica. Wouldnt it be save to say that you have different forms to wager using martingale. Simply a person having a mental sl or not the reality is by entering a larger lot size in the opposite direction or same direction after a LOSS you stopping the bleeding, OF THE LOSING POSITION, and it can no longer add to cause you free margin to decrease (assuming you keep the order open)
  A person who martingales that way is more concerned with stats, then trying to recover the actual loss. Recovering the net loss can/ will occur only once the larger order starts to hit green.


I would like to explain why martingales does not work in a simple way. As much as I can.

Markets have random behaviour which can be explained by math. There are two types of distribution on random theory: normal distributon and fat tail distribution. Normal distribution is the distribution which can be found everywhere in nature. An excample: if you toss a coin 100 times, you dont excpect all the tosses to be heads, some of them will be tails to. Most of the time 50/50. There is no universal law that all the tosses can't be heads, but the chances are verry low (1/2 to power 100) or 0.00000000000000000007%.

Unfortunatetly, markets have fat tail distribution. Meaning rare events will occur more often. There are too many market crashes, about every 5-7 years. Which they should occur one in a few billion years (with normal distribution). Those rare events are that kill martingales. Sometimes the market can move 500 pips, and you might need only a few pips to reach green but it won't happen (because of that f*** fat tail).

I've seen a lot of traders with martingales market had no compasion above them. You will be no exception. Please enjoy the ride and withdraw as much as you can. On the long run, also withdrawals will not work.

You can search about fat tail distribution on wikipedia if interested. You may also read the book 'a random walk down wall street' or the book 'when geniouses failed', at the end of the book it is mentioned what I excplained.

Hope I was clear.
Regards


 Very well said sir. +1

 Yet, although the market is considered FAT TAIL distribution, the reality is we do have certain patterns within a currency which makes it predictable. Which is why I believe that an excellent system will not incur more then 4 consecutive losses. So far, since my ea has ran, I have not had more then 2 losses in row. The market has been rather one sided, but the lack of losses has to do with the ea only taking specific types of wagers. Wagers in which if are stopped out, my odds of closing the next trade for profit are much higher then the very first order which caused the loss.

Why guess, when you can react to what is in front of you.
Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 28 2014 at 06:24
Which is why you use martingale.

 Imagine what martingale is. You can wager using the 15 min option... In which you wager the price after 15mins is higher or lower.
you always get a counter trend. how many losses can that be? What is the most of one color which you have seen on a 15m chart for eur/cad.... You actually using martingale will have enough money to continue the wager. Money management. 999% profit shouldn't be ignored. Take it seriously. You even have EA's which can beat high impact news. How much would that be worth? More then any amount of money you can imagine. Martingale will make you a load of funds. You withdraw and start over.


 Everything is in the chart. Instead of playing guess with the price, and trade the patterns. Then hedge with binary options.
 You would be unstoppable!

Why guess, when you can react to what is in front of you.
Cholipop

Členom od Aug 07, 2014  406 príspevkov Cholipop Aug 28 2014 at 06:24
Today I even taught most of you how to calculate draw down % per trade. Even when members carry a high floating loss.

Why guess, when you can react to what is in front of you.
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