Martingales; Good, Bad, or just Misunderstood.
Členom od Jun 28, 2011
465 príspevkov
Apr 06, 2015 at 00:30
A martingale series is doubling the last try that failed. Martingales are mostly used as a recovery system when the first try goes wrong. When you don't close the trades until the combined total is positive that is price cost averaging. Averaging this way is more of a system. You are not recovering as nothing has yet been lost, so averaging is more system while just the martingale is just a type of recovery system.
where research touches lives.
Členom od May 22, 2012
250 príspevkov
Apr 07, 2015 at 22:18
Always Bad. ALWAYS.
Caution ¡¡ Forex market is full of scams ¡¡
Členom od May 04, 2014
6 príspevkov
Apr 08, 2015 at 06:36
ALWAYS...???
Let's take it to the MOON...!!! I NOW OFFER ACCOUNT MANAGEMENT...
Členom od May 04, 2014
6 príspevkov
Apr 08, 2015 at 06:36
I agree true Martingale is s no no, but cost averaging is viable...!
Let's take it to the MOON...!!! I NOW OFFER ACCOUNT MANAGEMENT...
Členom od Feb 22, 2011
4862 príspevkov
Apr 08, 2015 at 08:53
ForexAssistant posted:@ForexAssistant
A martingale series is doubling the last try that failed. Martingales are mostly used as a recovery system when the first try goes wrong. When you don't close the trades until the combined total is positive that is price cost averaging. Averaging this way is more of a system. You are not recovering as nothing has yet been lost, so averaging is more system while just the martingale is just a type of recovery system.
Hi Bob,
it is not exactly dubling. You can triple the trade size or even multiple position by 1.1575. That's still martingale.
Basically martingale is money management when you increase you trade size when equity decrease.
The opposite approach is anti martingale.
Členom od Jan 29, 2014
15 príspevkov
May 27, 2015 at 15:49
Dont use martingale in forex.
Členom od Jun 28, 2011
465 príspevkov
May 27, 2015 at 17:29
ichiban posted:
Dont use martingale in forex.
Why?
where research touches lives.
forex_trader_29148
Členom od Feb 11, 2011
1916 príspevkov
May 27, 2015 at 17:40
(upravené May 27, 2015 at 17:41)
martingale is always wrong,after 8 year of trading this my conclusion,i tried all kinds
Členom od Dec 15, 2010
795 príspevkov
May 27, 2015 at 18:37
(upravené May 27, 2015 at 18:39)
Martingale is lots of fun.. it really is lots of fun, BUT. Its for short term use with very small lot sizes and a large account. Dont use them long term as they will blow the account. I use them and have used all kinds and gridders... Lots of fun and its addictive fun, but they will blow a account or make it so slow on recovery that your paying fees every night on the money plus the spread.
Use it for short term fun ( gambling) but never long term.
My current live chart is a martingale/ grid account trading both sizes with my own home built EA. Its for fun.
Use it for short term fun ( gambling) but never long term.
My current live chart is a martingale/ grid account trading both sizes with my own home built EA. Its for fun.
Click on my Name to see My Live Charts and Bio.
Členom od Jun 28, 2011
465 príspevkov
May 27, 2015 at 20:23
(upravené May 27, 2015 at 20:33)
I say the forex market is always bad. 85% of accounts end up losers? They can't all be martingales and from the comments from all knowing gurus, very few of them are martingales. In a field of destruction, how can you say one thing is bad, its all bad.
where research touches lives.
Členom od Dec 15, 2010
795 príspevkov
May 27, 2015 at 22:00
Im working on a negative correlation setup with EAs and Im using martigales to help me with the out of cycle swing that occurs several times a day. Its a type of negative correlation grid/martingle with a third type of software ( EA) that takes the profit on the balance. You can follow my chart for a few days as I live demo test it. Demo might last a few weeks. Im always tinking and renewing new charts. Im always pushing these to hard and they blow the demo accounts often.
Click on my Name to see My Live Charts and Bio.
Členom od Jan 29, 2014
15 príspevkov
May 28, 2015 at 07:08
ForexAssistant posted:ichiban posted:
Dont use martingale in forex.
Why?
Forex is very volitile And martingale is good only in ranging market.
Členom od Jun 28, 2011
465 príspevkov
May 28, 2015 at 10:15
ichiban posted:
Forex is very volitile And martingale is good only in ranging market.
Martingales don't choose the direction, only the size. The direction is still up to the trader. So if the market is trending up, you do a buy. Volatility has nothing to do with it either. Your statement is still unsubstantiated and its beginning to sound like you really don't know martingale systems very well. Maybe read a little more.
where research touches lives.
Členom od Jan 29, 2014
15 príspevkov
May 28, 2015 at 10:33
ForexAssistant posted:Base on what I read in previous post I refer to averaging down not martingale. Sorry for confusion. I learn the diff of averaging n martingale. Thank you.ichiban posted:
Forex is very volitile And martingale is good only in ranging market.
Martingales don't choose the direction, only the size. The direction is still up to the trader. So if the market is trending up, you do a buy. Volatility has nothing to do with it either. Your statement is still unsubstantiated and its beginning to sound like you really don't know martingale systems very well. Maybe read a little more.
Členom od Jan 17, 2014
7 príspevkov
May 28, 2015 at 11:47
Hi
Just to share two of my martingale accounts here. Right now still on demo test.
https://www.myfxbook.com/members/japanfxtrader/eurgbp/1218648
https://www.myfxbook.com/members/japanfxtrader/eurjpy/1236631
Feel free to go through.
Happy Trading!
Just to share two of my martingale accounts here. Right now still on demo test.
https://www.myfxbook.com/members/japanfxtrader/eurgbp/1218648
https://www.myfxbook.com/members/japanfxtrader/eurjpy/1236631
Feel free to go through.
Happy Trading!
Členom od Jan 17, 2014
7 príspevkov
May 28, 2015 at 11:48
ichiban posted:ForexAssistant posted:ichiban posted:
Dont use martingale in forex.
Why?
Forex is very volitile And martingale is good only in ranging market.
It is good if trading small lots, big account and in direction of trend.
Členom od Mar 06, 2015
46 príspevkov
Jun 07, 2015 at 16:03
i deeply tested martingale system & i find it profitable at the balance of 20k with starting lot size 0.01 & TP 4 to 5 pips
“The past can't hurt you anymore, not unless you let it.”
Členom od Jun 04, 2015
31 príspevkov
Jun 08, 2015 at 07:11
yes martingale is an option to recover, when a trade goes wrong:
-open martingale
-hedged martingale
-async hedged martingale
-open martingale
-hedged martingale
-async hedged martingale
Členom od Dec 15, 2010
795 príspevkov
Jun 08, 2015 at 07:47
(upravené Jun 08, 2015 at 07:51)
I'm using a martingale scalper and changed it to grid also. Your welcome to follow it until I reset it. My Home built EA, It a smart EA, but it can get into trouble, just hasn't yet. I m using a third EA for managing the wins and losses.
Prílohy:
Click on my Name to see My Live Charts and Bio.
Členom od Sep 25, 2013
38 príspevkov
Sep 15, 2015 at 20:14
Professor53 posted:
yep.. Im a martingale and grid trader..... I have a few demos running, but nothing real yet.
Tight tuned REAL grid with recovery:
https://www.myfxbook.com/members/crux/bl-1/1096711
signals:
https://www.mql5.com/ru/signals/82464
https://www.signalstart.com/analysis/good-profit-low-dd/1553
