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The Martingale strategy i good?

Sep 25, 2013 at 20:49
5,008 Zobrazení
135 Replies
Členom od Mar 01, 2013   70 príspevkov
Dec 11, 2013 at 18:46
The way to hedge a runaway martingale is to tally up the number of lots in the buy and sell direction and place what I call 'anchor pegs' in the opposite direction at 50 pip increments (forward stepping). These orders should have TPs that are over 1000 pips as they are not designed to make money but rather control equity. Once price moves above the 'anchor peg' 100 pips higher than the first 'anchor peg' then add an SL of 3 pips above the open order price.

Example:
If you have an account with $1000, and now after several levels of martingale you are down to $600 and in a large buy order with the market moving south. You open an order about 1/8 of the buy order size and place it every 50 pips or so. If price continues down against you, you add additional sell orders every 50 pips. Once the oldest sell order is over 100 pips set that orders stoploss to be in the money about 3-4 pips. If price begins to move up or you believe the downward spiral is over, you can begin closing the newest sell order at a profit or small loss. This allows you to conserve your equity and marginlevel while a large position is going against you. If your original buy position was below the pairs mid-point then you may just lose some time equity. If you are near a historic high for the currency, then you may be in trouble. This kind of trading is very risky but can be very rewarding if performed correctly.
You win some, you lose some.
Členom od Jun 28, 2011   465 príspevkov
Dec 11, 2013 at 18:47
from fxking1, 'close your eyes and play game = which is impossible.'

My friend, the games we play in the dark with our eyes closed are so much more fun than anything else. Not only is games possible with eyes closed but for blind mans bluff, it's a requirement. Everything depends on your point of view.
Bob
where research touches lives.
Členom od Jul 26, 2012   17 príspevkov
Dec 11, 2013 at 19:15
but who knows why when you ask a professional to show you the martingale strategy in a live video and not on a chart already done because otherwise we are all capable of earning 90% then give us the live demo if you really work😝
Členom od Mar 01, 2013   70 príspevkov
Dec 11, 2013 at 19:33
Most martingale strategies that are used to trade Forex are very slow to grow an account and would take days or months before the percentage gain was interesting. Not sure if a video of a few trades would be interesting. The risk of a major loss increases significantly with the speed of the gains.
You win some, you lose some.
Členom od Dec 15, 2010   795 príspevkov
Dec 11, 2013 at 20:58
I just started a new chart using one of my EAs that is a combination of GRID/Martingale. Just started it 3 days ago on monday ( dec 9th, 2013) and at this time its made over 900 micro trades. Its forced to always be in the market with a buy and a sale on all pairs at the same time. Currently setup on 10 pairs on a large 100K demo account for forward testing. Your welcome to observe it. All parts of the chart are availible to the public, avg profit is 14 cents. TP is 6 to 9, depending on the pair. DD should be a safe under 5% per month on average. The first version of this type of EA was found in the public domain. I have redesigned and made modifications to it a number of times. Then thousands of hrs ( ask my wife), building setfiles and forward testing on the new modifications. If it does well, then I will put it up on the MT4 / MT5 marketplace board in a few months as a set file purchase. EA will be included.

Aloha
Garry
Click on my Name to see My Live Charts and Bio.
Členom od Jun 28, 2011   465 príspevkov
Dec 11, 2013 at 22:10
@FXRX Yes, that is true for a true martingale recovery because there is only one win per series. But I have a modified martingale that produces the equivalent of one win per trade. There are two ways to get this effect, modify the martingale series itself so instead of 1, 2, 4, 8, 16.... The modified series goes 1, 3, 7, 15, 31... double the previous loss and add 1.
So even though there are losses, it has the same return as if you had traded the starting size every time and won every time.

The other way to accomplish this is to not close the previous trades but that also requires doing only buys or sells for the entire series. The highest trade size is always the last and the next highest is the next to last. The last trade makes a profit and the second to last closes where it opened for a zero net loss. The lower levels is completely compensated for from the profitable last trade with enough left over to equal the same as you would have had if you had won every trade and started over every time.

@Salvatore, if you just want to try one out on a demo account anyone can use any of our robots on a demo account for free for as long as you like. The modified martingale is still in beta but you can help beta test it. You can read more about it at https://forex-assistant.com/phoenix/ click on the link that says 'contact us to get Phoenix now' and tell them you want to beta test Phoenix on a demo account. If you decide that you would like one for a live account after the beta period, write an analysis of the program and you can get a pretty serious discount that is for beta testers only.

Back to the martingale strategy itself, I think the problem that most traditional traders have with a martingale recovery system is that they don't understand that a martingale should never be used alone. I never let a martingale recovery go beyond 9 iterations and the last 2 iterations don't double the size of the trade but instead double the range size. This has the same effect financially as doubling the trade size but it slows down the trading until a real trend shows up.

Limiting the maximum number of iterations, using a slow recovery in cases where the martingale failed, switching from increasing the lot size to increasing the range size in the upper iterations all make today's martingales a very different animal than the old flipping a fair coin and every time.... Plus the new modified sequence actually pays you eventually the equivalent of one win for every trade that you make. These are not your granddaddy's martingales anymore.

Bob

where research touches lives.
Členom od Jul 26, 2012   17 príspevkov
Dec 12, 2013 at 05:52
But I wonder why this strategy works great but no one ever really demonstrates is demonstrated only in words, in fact no one ever shows the reality and invent anything to not show it in real time congratulations to all of you
Členom od Jan 18, 2012   28 príspevkov
Dec 12, 2013 at 11:40
high risk hig return, thats the rules.
discipline and dont be greed.
Členom od Jul 26, 2012   17 príspevkov
Dec 12, 2013 at 18:07
this and the rule of amateur forex high-risk high-yield real forex pros (and I mean the so-called professionals are sharks in the market that come to market with loads and loads of money) amercato certainly do not come with these systems that you invented
forex_trader_136673
Členom od Jun 28, 2013   852 príspevkov
Dec 12, 2013 at 18:13
@sasa74

That is because martingale accounts die young. I tracked some real accounts that use martingale or grid. About 80% of them did go private or delete within first month. About all of them within 6 months. Even demos die young, that is for sure.

You can find a lot of people promoting martingale or grid. Most of them don't trade on real because they dod blow their accounts or were smart enough to know the risks involved in the first place.

It is possible to make a living selling EAs too. In fact programming a robot on martingale or grid strategy is much easier than using different some advanced indicators. I would never ever sell a working EA. Testing an EA on demo and selling for real money is not a bad idea for vendors.
Členom od Aug 30, 2013   3 príspevkov
Dec 12, 2013 at 21:54
Be careful with martingales, using such a system could cause you a lot of trouble if you are not practicing conservative money management strategy ;) Otherwise, good luck
Členom od Jul 26, 2012   17 príspevkov
Dec 12, 2013 at 21:55
I just checked out this site for the community outlook aud / cad despite the fact that we are in a downtrend week there are 84% who are if you bought and then sharply in controtrend while only 16% and in the right direction you ever ask yourself how you use the martingale, this means that we lose only a little preparation and time to begin to look for ways to make fake tradin serious about using things simple and not fancy I think this data says it all about amateurs who want to force invent systems that serve only to close accounts take a moment to reflect
Členom od Jun 28, 2011   465 príspevkov
Dec 13, 2013 at 06:30
Question;

Since the topic is martingale and martingale like recovery systems, why do you guys that have a problem with these types of systems continue to hang around just saying the same thing over and over again, martingale bad, martingale bad... We understand your position. You have no reasoning for your proclamations? You obviously do not use martingale type strategies so you wouldn't know a good recovery system from a bad one. Why would anyone want to follow the advice of someone who admits he doesn't use the systems at all and therefore only has a precursory understanding of them. Those that use them, know what we are doing and are quite content with what we have. My modified martingale has been running 8 months, is currently in recovery mode ( I needed to check out my programing for when it was in recovery) and is up 22% right now. Those percentages can go up or down temporarily but will continue to climb as you can see from the MyFxBook analysis over the long term.

We would like to discuss how to make what we have, which isn't bad, even better. What we would like to hear from those who don't like recovery systems, is what it is that they don't like about them so we can fix what ever the problem is.

Salvatore, if what you are saying is that you think that any program that loses more than it wins and is some how still profitable, has to be some kind of a scam, you are almost ready to understand recovery systems, because that is precisely what they do. They make losing profitable.

The way in which we could get better results is to find a better way to decide when to buy and when to sell. If we could improve on the direction, the recovery system would never even be an issue. If we won every trade, we would never even use the martingale recovery.

A recovery system is part of the money management strategies that should go with every trading system. The real problem is that most new traders don't really understand the importance of money management and just don't use any. A martingale type recovery system is a good money management strategy if you know how to use them, but like anything else, if you don't know how they work, don't use them.

My 2 cents for the night, good evening all,

Bob
where research touches lives.
forex_trader_136673
Členom od Jun 28, 2013   852 príspevkov
Dec 13, 2013 at 06:54
LOL
Členom od Jul 02, 2013   57 príspevkov
Dec 13, 2013 at 11:12
'There are three kinds of people -- those who understand math, and those who don't' 😁
Sleep is for the weak
Členom od Jul 26, 2012   17 príspevkov
Dec 13, 2013 at 15:31
I never said that and I say only a scam and I confirm that all of you who use this type of strategy it proved only with words but why not do a live video to show that this method works? all say the same thing that you can do for me the things that you can do are just non-existent things u prove it with facts and not with words
Členom od Dec 06, 2013   3 príspevkov
Dec 13, 2013 at 15:31
Hahaha exactly!
Martingale SUCKS .There is no way you can profit from it in the long run .Sooner or later it will blow up your account.
The sooner you will get over it and start to find a real strategy that can survive years of backtesting the better.
forex_trader_136673
Členom od Jun 28, 2013   852 príspevkov
Dec 13, 2013 at 15:53 (upravené Dec 13, 2013 at 15:56)
I have to admit I got addicted watching:

Demo guys trying to teach real money traders.

LOL Keep it short man, writing a long paragraph doesn't make you smart.
Členom od Jun 28, 2011   465 príspevkov
Dec 13, 2013 at 17:57
martingale bad, martingale bad ... brawk... poly want a cracker.... brawk...

I dream of a world
without trolls.
where peace reigns
where the truth is known.

until that end
I will refrain
from adding more evil
to a world gone insane.

for all your talking
just save your breath
for the wages of evil
is a thing called death.

I am grateful that I have lived the life of a mere human and never became a troll.
For any other US citizen, don't be baited by fools, keep any live account to yourself, unless you happen to like IRS audits.

Bob
where research touches lives.
forex_trader_136673
Členom od Jun 28, 2013   852 príspevkov
Dec 13, 2013 at 18:24
LOL

IRS Audit, Good explanation. As long as you convince yourself (hope without using drugs), we believe you.

If there was a championship of trolls, you would win first place, second and third. You dream a world without trolls, just kill yourself.
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