What's the best way to trade Martingale Forex Trading

CrazyTrader posted:

nicholas1021 posted:
Hi @Cholipop , may I know what method are you using?

It is known as scamming.... very profitable one.
This guy was previously under the username 'M.K.'
Once he fails, he create new account... what else you want to know about him?

Last time he posted on EURUSD thread he warned for his knowledge on Price Action and called for bullish momentum while eurusd was 1.15 area... since then, market has colapsed for 200 pips.... LOL

  Here we go with the M.K. things again. As for the EU statement let us judge a person based on their actions ( in this case the trades they have placed) and silly words or opinions about graphs, because you do more typing and drawing on graphs, but for some odd reason have a look at what it translates to.
https://www.myfxbook.com/members/CrazyTrader/chance-my-life/1090117

:) Please have a look at the closed trades, after that EU floating LOSS....

M.K Please provide your knowledge on price action again.

Cholipop posted:

togr posted:

Cholipop posted:
 I have recently acuquired several clients due to the high yield profit which my system has obtained. I will now reveal that Martingale is profitable, and use a LIVE account which reveals that it indeed is profitable. Two accounts have been created in which one account is bigger then the other by 5x.

 The smaller account will place a maximum trade of 2 orders in which after 2 straight losses will activate the EA to run in the second account (the one which is 5x greater in volume). Upon activation, the second account will only have the ability of placing 2 losing trades.

 Daily both accounts COMBINED as of today's date should have an avg of 5% daily profit with a maximum drawdown % of no more then 35%
------------------------------------------------

https://www.myfxbook.com/members/Cholipop/clientasof23rdfeb-martingale-small/1167050 <----Small account Order 1 & 2

https://www.myfxbook.com/members/Cholipop/clientasof23rdfebi-martingale-large/1167573 <---Larger account Order 3 & 4


____________________________

@Cholipop
you trade the account for 2 days and you have DD already at 75%.
Everyone you have at least slight idea what's the forex about understands that it is reckless trading that will wipe the account soon or later.

 What you do BEFORE later is what is important. It is called money management. Sit back, and continue to post trying to get clients Tgor as I trade these accounts. Based on your current history, it is clear to see that you have no idea about trading. How many negative reviews have you gotten about that silly EA you are pumping. :)

My systems are there published for more than year and half. Profitable with reasonable DD.
This is not about my accounts. This is about trading martingale. Your account last for 2 days and you have already 75% DD.
That's very bad and you have nothing to be proud about.

Martingale can be very profitable.
The fact that your account can blow is a limitation for the losses, your natural stoploss level, on the other side, for profits, the Sky is the limit.

So... you have to make sure u have a profitable EA.
First time it doubles your account u take out 50%. Than live it trading. When it does 100% or 200%, take the money out again.

Once in a while your account will be blown. But the withdraw you have made will make it a profitable strategy.

Anyone can try it with a free EA called ForexSetkaTrader. I have seen people doing 10.000 out of 1 k. Than blowing 1k twice Than doing 200% again. And so on. With withdraws it is a lot of profits!

Anyone can try it in a cent account. And will see it works. Anyway, there is always the risk of total loss. So. it might happen that in your first try you will loose evrything before withdraw. So. it is a strategy for those who can stand the risk.

pedrosimao posted:
Martingale can be very profitable.
Anyone can try it with a free EA called ForexSetkaTrader. I have seen people doing 10.000 out of 1 k. Than blowing 1k twice Than doing 200% again. And so on. With withdraws it is a lot of profits!

This is classic semi Martingale Grid EA. Comes in many names, Ilan1.4, forex hacked, forex envy, Power Flow EA and hundreds more variations with their own name. The principle are the same.

Enter position 1, and add more to the losses by a grid distance of X and with a Lot progression/Multiplier of 1.6+ to regain the losses and exit the whole basket at a profit. Everyone adds their own filters, trading logic, but never address the the true problem with the system... You are adding larger and larger positions to an already unprofitable position basket waiting and hoping for a small market move in your favor.

https://tradelikeapro.ru/forex-setka-trader/

Classic martingale can be better because you can use logic and you'll have 5-10 chances to get 1 win to recover your losses before margin call.

pedrosimao posted:
Martingale can be very profitable.
The fact that your account can blow is a limitation for the losses, your natural stoploss level, on the other side, for profits, the Sky is the limit.

So... you have to make sure u have a profitable EA.
First time it doubles your account u take out 50%. Than live it trading. When it does 100% or 200%, take the money out again.

Once in a while your account will be blown. But the withdraw you have made will make it a profitable strategy.

Anyone can try it with a free EA called ForexSetkaTrader. I have seen people doing 10.000 out of 1 k. Than blowing 1k twice Than doing 200% again. And so on. With withdraws it is a lot of profits!

Margin calling an account is like death, and taxes..... It will occur. What you do prior to the margin call is what is key. We have seen many accounts with 2 years + of profits, only to lose it in 1 month. The time in which you margin call the account isn't important, as compared to how you trade the account prior to margin calling it.
  Martingale with a solid trading system (trade,money management included) is what will make martingale a no brainier. The reality is people will margin without using martingale, and of course you will margin call much quicker using martingale compared to not using it **ONLY** if your positions aren't aimed to be taken for accuracy.
   Although some traders have made accuracy entries, none of them are actually aiming for accuracy, which is why they are willing to give so many pips to the market in the first place. My intent of making those accounts public to show how martingale can/should be used is to inform people that if you aim for accuracy you can end up with net profit even with a negative pip count.

togr posted:

Cholipop posted:

togr posted:

Cholipop posted:
 I have recently acuquired several clients due to the high yield profit which my system has obtained. I will now reveal that Martingale is profitable, and use a LIVE account which reveals that it indeed is profitable. Two accounts have been created in which one account is bigger then the other by 5x.

 The smaller account will place a maximum trade of 2 orders in which after 2 straight losses will activate the EA to run in the second account (the one which is 5x greater in volume). Upon activation, the second account will only have the ability of placing 2 losing trades.

 Daily both accounts COMBINED as of today's date should have an avg of 5% daily profit with a maximum drawdown % of no more then 35%
------------------------------------------------

https://www.myfxbook.com/members/Cholipop/clientasof23rdfeb-martingale-small/1167050 <----Small account Order 1 & 2

https://www.myfxbook.com/members/Cholipop/clientasof23rdfebi-martingale-large/1167573 <---Larger account Order 3 & 4


____________________________

@Cholipop
you trade the account for 2 days and you have DD already at 75%.
Everyone you have at least slight idea what's the forex about understands that it is reckless trading that will wipe the account soon or later.

 What you do BEFORE later is what is important. It is called money management. Sit back, and continue to post trying to get clients Tgor as I trade these accounts. Based on your current history, it is clear to see that you have no idea about trading. How many negative reviews have you gotten about that silly EA you are pumping. :)

My systems are there published for more than year and half. Profitable with reasonable DD.
This is not about my accounts. This is about trading martingale. Your account last for 2 days and you have already 75% DD.
That's very bad and you have nothing to be proud about.

 What I have to proud about is that i currently have margin to trade, and I am on the winning side of equity curve. You can take pride in having accounts up for 1 to 2 years, but at the end of the day, you margin called it, and you have a horrible reputation because you are selling an EA which not only doesn't work, but you ignore those who have bought your trashy system. It is sad that once people begin to invest in you, your account magically starts to go down hill.

 Another things which should make people leerly about you, is that you SELL an EA, instead of opening a PAMM in which you and your clients can both profit from. If your system would make 5% a month, how could you possible put a price on that? A scammer would sell it because they know deep down inside that it will eventually burst. So it is much easier to earn 2k usd by selling your EA then to try to earn 2k by actually trading it.

 Tgor get your priorities straight, and stop posting on myfxbook my friend. You go to websites like facebook and take peoples account number and investor password and load them here on myfxbook which is why more then 70% of your accounts aren't verified.... How HONEST of you. You and crazytrader should both be placed on an island with no internet signal so this way everyone else can profit from forex, instead of losing money like he currently is, and how you ALWAYS do!

nicholas1021 posted:
Hi @Cholipop , may I know what method are you using?

 I'm sorry for getting back to you so late.

 My system involves high frequency engulf patterns. Being that the market is 'cyclical' means it trades in loops. Essentially what my EA has done is it has been able to identify 8 formations, and within those formations calculate the breakout candle. The breakout candle, in most cases, isn't a candle which closes for 20+ pip profit. It is merely the candle which starts what would be the breakout out side of the accumulation zone. In order to find this candle you would need to have confirmation of the same formation on the tick, 1m, and 5m chart. Once the three tf's give the same results, the EA would then take the order, thus having margin to take a counter order in case the signals quickly reverses.

  This system relies heavily on stop losses, hedging, and martingale as if your entry is wrong, you will know on the next 5 min candle close. Most if not all other traders which have accounts here at myfxbook trade support/resistance or trend extension, which of course results in big losses for them once the reversal occurs or during accumulating markets. Take the last two weeks for example. What is considered a accumulation market ended up being a scalping field day for our system.

@Cholipop , i keep monitoring your accounts and find that you are superb the profit is so amazing. i hope your acoount can be last longer n keep earning consistently. 😄😄

Cholipop posted:

togr posted:

Cholipop posted:

togr posted:

Cholipop posted:
 I have recently acuquired several clients due to the high yield profit which my system has obtained. I will now reveal that Martingale is profitable, and use a LIVE account which reveals that it indeed is profitable. Two accounts have been created in which one account is bigger then the other by 5x.

 The smaller account will place a maximum trade of 2 orders in which after 2 straight losses will activate the EA to run in the second account (the one which is 5x greater in volume). Upon activation, the second account will only have the ability of placing 2 losing trades.

 Daily both accounts COMBINED as of today's date should have an avg of 5% daily profit with a maximum drawdown % of no more then 35%
------------------------------------------------

https://www.myfxbook.com/members/Cholipop/clientasof23rdfeb-martingale-small/1167050 <----Small account Order 1 & 2

https://www.myfxbook.com/members/Cholipop/clientasof23rdfebi-martingale-large/1167573 <---Larger account Order 3 & 4


____________________________

@Cholipop
you trade the account for 2 days and you have DD already at 75%.
Everyone you have at least slight idea what's the forex about understands that it is reckless trading that will wipe the account soon or later.

 What you do BEFORE later is what is important. It is called money management. Sit back, and continue to post trying to get clients Tgor as I trade these accounts. Based on your current history, it is clear to see that you have no idea about trading. How many negative reviews have you gotten about that silly EA you are pumping. :)

My systems are there published for more than year and half. Profitable with reasonable DD.
This is not about my accounts. This is about trading martingale. Your account last for 2 days and you have already 75% DD.
That's very bad and you have nothing to be proud about.

 What I have to proud about is that i currently have margin to trade, and I am on the winning side of equity curve. You can take pride in having accounts up for 1 to 2 years, but at the end of the day, you margin called it, and you have a horrible reputation because you are selling an EA which not only doesn't work, but you ignore those who have bought your trashy system. It is sad that once people begin to invest in you, your account magically starts to go down hill.

 Another things which should make people leerly about you, is that you SELL an EA, instead of opening a PAMM in which you and your clients can both profit from. If your system would make 5% a month, how could you possible put a price on that? A scammer would sell it because they know deep down inside that it will eventually burst. So it is much easier to earn 2k usd by selling your EA then to try to earn 2k by actually trading it.

 Tgor get your priorities straight, and stop posting on myfxbook my friend. You go to websites like facebook and take peoples account number and investor password and load them here on myfxbook which is why more then 70% of your accounts aren't verified.... How HONEST of you. You and crazytrader should both be placed on an island with no internet signal so this way everyone else can profit from forex, instead of losing money like he currently is, and how you ALWAYS do!

It is waste of my precious time to chat with you.

Vontogr wrote; 'It is waste of my precious time to chat with you. '

Now your catching on old buddy, and by the way, save me a spot on that island, I'm right there with you and CrazyTrader any day.

Actually, the nice thing about real estate is you don't have young know-it-alls, trying to tell you your job. And that could be true with forex if you stay within your market. Those working people appreciate what we can do for them. But if you want to know what kind of BS your students will face, you have to go to the rummer mill and see for yourself the kind of non-sense the hustlers are trying to pull on each other. Just be a fly on the wall and you can learn much and in this way you can better prepare your students for the time when they are subjected to the insanity out there.

But I for one appreciate being able to meet and talk with true professionals like yourself, CrazyTrader, HolyCow, Silverthorn and others that have moved on because they thought the benefits of being here no long outweighed the negativity that one must endure from the wannabes. So, I am wondering, is there a place where creative types can get together and compare notes without all the negativity? If one exists, please send me a private message and share that info with me.

Thanx,

Bob

martingale is best us on intraday

@Cholipop - How do you make 200% gain in two days from 16 pips? - https://www.myfxbook.com/members/Cholipop/clientasof22ndfeb/1167505
good job however you did it.

@togr - Why did this account blow up . it looked amazing and I was about to follow on cMirror then suddenly huge loss in 1 day wiping out profit from last 60 days - https://www.myfxbook.com/community/trading-systems/scalpel/880415,1 - Was it an error or manual trade? The commission on 1 trade was massive.

RedRhinoLab posted:
@Cholipop - How do you make 200% gain in two days from 16 pips? - https://www.myfxbook.com/members/Cholipop/clientasof22ndfeb/1167505
good job however you did it.

 Martingale my friend.... I allow the very small lots to run, and only scalp the big lots. You can see that I have an open order of .1 lots which is in red 54 pips, but was in red as much as 98 pips I believe, and since then I have waiting for a good long position which I took and closed on EU, thus covering the floating loss I had of 58 dollars.

Cholipop posted:

RedRhinoLab posted:
@Cholipop - How do you make 200% gain in two days from 16 pips? - https://www.myfxbook.com/members/Cholipop/clientasof22ndfeb/1167505
good job however you did it.

 Martingale my friend.... I allow the very small lots to run, and only scalp the big lots. You can see that I have an open order of .1 lots which is in red 54 pips, but was in red as much as 98 pips I believe, and since then I have waiting for a good long position which I took and closed on EU, thus covering the floating loss I had of 58 dollars.

PURE noob style Scalping long bigger lots on EURUSD

CrazyTrader posted:

Cholipop posted:

RedRhinoLab posted:
@Cholipop - How do you make 200% gain in two days from 16 pips? - https://www.myfxbook.com/members/Cholipop/clientasof22ndfeb/1167505
good job however you did it.

 Martingale my friend.... I allow the very small lots to run, and only scalp the big lots. You can see that I have an open order of .1 lots which is in red 54 pips, but was in red as much as 98 pips I believe, and since then I have waiting for a good long position which I took and closed on EU, thus covering the floating loss I had of 58 dollars.

PURE noob style Scalping long bigger lots on EURUSD



 Yet with a 71% win % on the longs, I am up over 200%.....




 

RedRhinoLab posted:
@togr - Why did this account blow up . it looked amazing and I was about to follow on cMirror then suddenly huge loss in 1 day wiping out profit from last 60 days - https://www.myfxbook.com/community/trading-systems/scalpel/880415,1 - Was it an error or manual trade? The commission on 1 trade was massive.

 Almost 100% sure it was a manual trade. Most blame it on thecode, and of course only the coder will know for sure if that was the cause, yet the reality is Tgor blows so many accounts because of his trading bias.... I don't even think he has an EA.