要使用聊天,请登录。

What's the best way to trade Martingale Forex Trading

lovetrading
Dec 05 2014 at 11:48
2帖子
My favorite martingdale is the future one I never do again. Trust me, not a big fan and very dangerous. I blew one account doing it and I'll never do it again. It's not worth the pain IMO

ibthescottyb
Dec 05 2014 at 11:50
407帖子
Another item to consider is that if your system (that uses a martingale) is profiting enough that you can make withdrawals from the account that exceed the original account balance. Should the martingale wipe out your account at some point during the year, you can always re-fund the account to continue your income stream. If you are withdrawing more than you are depositing, it is still profitable.

Cholipop
Dec 05 2014 at 11:50
406帖子
lovetrading posted:
My favorite martingdale is the future one I never do again. Trust me, not a big fan and very dangerous. I blew one account doing it and I'll never do it again. It's not worth the pain IMO


 So you blew your account because you used martingale huh? Well how did martingale influence you on picking your Buy/SELL. How many pips were you holding for a loss. After a loss, since you would double your wager, were you going in the same direction which caused you to lose in the first place? or did you reverse the order? Please be more specific because you blaming martingale for you losses appears to be misleading.

Cholipop
Dec 05 2014 at 11:52
406帖子
ibthescottyb posted:
Another item to consider is that if your system (that uses a martingale) is profiting enough that you can make withdrawals from the account that exceed the original account balance. Should the martingale wipe out your account at some point during the year, you can always re-fund the account to continue your income stream. If you are withdrawing more than you are depositing, it is still profitable.


 Now that is excellent money management. Withdrawing your profits. Most people are trying to compound, although that isn't martingale, it is poor money management as you are assuming that your next wager is going to be accurate enough to keep your win stream going. If it doesn't, then you leave the open trade to SOMEDAY hopefully break you even, as you keep using your free margin to recover what you have lost. (revenge trading).

Ambush_Trader
Dec 06 2014 at 17:41
38帖子
ibthescottyb posted:
Another item to consider is that if your system (that uses a martingale) is profiting enough that you can make withdrawals from the account that exceed the original account balance. Should the martingale wipe out your account at some point during the year, you can always re-fund the account to continue your income stream. If you are withdrawing more than you are depositing, it is still profitable.


Thats chasing bad money with good... Another generally bad Idea for trading...

Bob LLewellyn (ForexAssistant)
Dec 07 2014 at 01:05
465帖子
'Thats chasing bad money with good...'

How do you figure that? If you lose a trade using some technical trading system, do you not try again? As long as you are using a limit on the number of iterations, there is no reason to discontinue a winning program because of a failure. A recovery system is a good tool in the hands of a professional, and it can be dangerous in the hands of amateurs. Can't fault the system if the traders use it wrong.

Losing is how you learn. When you learn enough, you quit losing. Reading how someone else screwed up a martingale recovery system doesn't teach anything except the person that screwed up the recovery system didn't understand what they were doing. It does not indicate that someone else can't use it successfully.

In fact there has been enough proof here already that there are good recovery systems that work well but you can't convince someone against their will. If someone is not open to new ideas, he can't be convinced, really no point in trying. At least that has been my experience so far.

“A man convinced against his will is of the same opinion still”. Dale Carnegie.

Bob

where research touches lives.
ibthescottyb
Dec 08 2014 at 07:35
407帖子
Ambush_Trader posted:

Thats chasing bad money with good... Another generally bad Idea for trading...


As long as the money ends up in my pocket. It doesn't matter to me what 'chases' what. 😁

Ambush_Trader
Dec 08 2014 at 07:53
38帖子
A broken clock is right twice a day...

I am done here... good luck

Cholipop
Dec 09 2014 at 03:41
406帖子
ibthescottyb posted:
Another item to consider is that if your system (that uses a martingale) is profiting enough that you can make withdrawals from the account that exceed the original account balance. Should the martingale wipe out your account at some point during the year, you can always re-fund the account to continue your income stream. If you are withdrawing more than you are depositing, it is still profitable.

+1 to what you have written. Most people seem to go at trading the wrong way, which is why most of us get our heads blown off sooner or later. Most people seem to want to compound their account, instead of withdrawing a set amount of funds once a certain amount of % change is reached. Protect your initial investment should be the most important thing for us all.
 
 I suppose it would be very easy to say martingale doesn´t work, when not using it doesn´t work either. Martingale is simply a recovery system, as someone mentioned earlier, but when most of us don´t even have a good system, how could you expect to have a good recovery? All in all, I always tell my clients, at 100% profit we withdraw, at which point you keep your funds in a separate account or in your online wallet as that is by far the best money management.

ibthescottyb
Dec 09 2014 at 08:07
407帖子
Ambush_Trader posted:
A broken clock is right twice a day...

I am done here... good luck


A broken clock that you can count on to be correct twice per day is an EXCELLENT example of a good martingale MM strategy. If you have a martingale that trades every hour and has a maximum of 12 iterations, you can not lose using that example.

ibthescottyb
Dec 09 2014 at 11:19
407帖子
Cholipop posted:
ibthescottyb posted:
Another item to consider is that if your system (that uses a martingale) is profiting enough that you can make withdrawals from the account that exceed the original account balance. Should the martingale wipe out your account at some point during the year, you can always re-fund the account to continue your income stream. If you are withdrawing more than you are depositing, it is still profitable.

+1 to what you have written. Most people seem to go at trading the wrong way, which is why most of us get our heads blown off sooner or later. Most people seem to want to compound their account, instead of withdrawing a set amount of funds once a certain amount of % change is reached. Protect your initial investment should be the most important thing for us all.
 
 I suppose it would be very easy to say martingale doesn´t work, when not using it doesn´t work either. Martingale is simply a recovery system, as someone mentioned earlier, but when most of us don´t even have a good system, how could you expect to have a good recovery? All in all, I always tell my clients, at 100% profit we withdraw, at which point you keep your funds in a separate account or in your online wallet as that is by far the best money management.



Thank you Cholipop!
It is like living next to a nuclear reactor. You can live very comfortable until it blows up. A martingale can be VERY profitable whilst it is making money. If you are prepared to take the calculated risk involved AND withdraw funds when they arise. You can maintain a healthy income stream. And from somebody that has tried countless indicators and systems, I like letting mathematics hold the reigns for a while.

Jordan (CGS_Forex)
Dec 10 2014 at 07:28
12帖子
There are best option for trading martingale the most optimal way in Forex is to use a system with highly favorable risk to reared ratios of at least 3:1


This way as you increase your position size after a loss you are not only going to recover but increase your overall account with a successful trade.


Another option that is probably less popular but more effective is to use an anti-martingale system.

Chikot
Dec 12 2014 at 11:31
2299帖子
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??


None.

Ben Dixon (bendex77)
Feb 07 2015 at 10:56
33帖子
Chikot posted:
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??


None.


Exactly! Unless you enjoy getting kicked in the nuts financially. Martingale is a nice way to bloat your risk of ruin in order to get the temporarily visually pleasing illusion of consistency in your equity/balance growth. It's way easier to assess your true risk when you use coherent lot sizing. I'm surprised the meta quotes market even allows it.


Bob LLewellyn (ForexAssistant)
Feb 07 2015 at 21:17
465帖子
Ben, can we assume from your post that you have both traded a martingale system and have been kicked in the nuts so your post is accurate within the limits of your knowledge? For you see, I have traded a martingale style (recovery) system and a horse once got me good and to tell you the truth, I don't see the comparison.

What I don't understand is how so many people can make negative comments on what they don't understand and have never actually used. Recovery systems are not perfect but once you learn the concept of limits, they are tools that will improve your output. As I said prior, no recovery system can make a bad trading system good but it can and does improve the profitability of decent systems. A computer (robots) are particularly good at using recovery systems. Its all math.

I do not suggest that you or anyone use a recovery system because if you don't know what you are doing, it will eat your lunch. But then I wouldn't give a chainsaw to a 12 year old either. However, as long as you are willing to make negative statements about any system, that statement is at least true for you, so it shouldn't be used at least by you.

Bob

where research touches lives.
mavericks
Feb 08 2015 at 11:01
110帖子
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??


Best way is not to trade (gamble) it at all.

Second best way is to do antimartingale.

Get investors and get paid 15 percent of theyr profits. More on my website.
CrazyTraderfx (CrazyTrader)
Feb 08 2015 at 12:34
1718帖子
mavericks posted:
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??


Best way is not to trade (gamble) it at all.

Second best way is to do antimartingale.


Do you guys know what is the opposite of Martingale?

Bob LLewellyn (ForexAssistant)
Feb 08 2015 at 14:14
465帖子
CrazyTrader posted:

Second best way is to do antimartingale.
Do you guys know what is the opposite of Martingale?


Yes, you double the winning trades. But that isn't a recovery system, its just another bizarre technical trading system. You know, the kind of system that is responsible for 80 to 85% losses?

So lets look at a recovery system to see if it is as scary as technical trading. We start with .01 lots and set our take-profit and stop losses at 20 pips. Now to decide if we should do buys or sells, we look at the current price. The center point is half way between the historical high and the historical low.

If the current price is above the center point then we do sells as we expect the price to spend most of its time somewhere around the middle. If you don't know why, you will have to read my book. If the current price is below center, we do buys. Lets say we do a buy trade for our first trade and the price drops 20 pips and we close for a loss. The next trade we open the trade of .01 lots and make the take profit and stop losses 40 pips, twice what the loss was. And of course, a win would pay for the loss and give us a profit. But a second loss would make our next trade 80 pips.

The 4th trade would be 160 pips, the 5th 320 pips, the sixth, 640 pips. The trade size is still .01 lots. After 7 straight losses we would have moved 1260 pips away from center. The aud/cad only has 1600 pips from center to the historical limits. The 8th trade would be for a win or loss of 1280 pips, 940 pips beyond the historical limits.

Now that is not the way I trade a recovery system but this exerciser was not intended to teach anyone how to trade or use a recovery system, just how to think outside the box. What are traders afraid of when discussing any recovery system? That the trade size gets to large and blows out the account. right?
   
The trade size in our demonstration is still only .01 lots but at the opening of the 8th iteration we would have lost a total of 1260 pips. A change of one pip for a .01 lot size trade, changes the equity by .10 of the first listed currency of the pair. In the case of the aud/cad, it would change by .10 Aussi dollars. So at 1260 pips, we would have a draw of 126.00 Ausie dollars. If we had say $500 in our trading account, it would be near impossible to ever have a margin call.

There are better ways to trade using a recovery system but it is not my purpose to teach investors/traders how to trade. For that, I get paid. Nothing wrong with that, because I also paid to learn what I know. Boy did I pay...

Bob

where research touches lives.
mavericks
Feb 08 2015 at 14:45
110帖子
ForexAssistant posted:
CrazyTrader posted:

Second best way is to do antimartingale.
Do you guys know what is the opposite of Martingale?


Yes, you double the winning trades. But that isn't a recovery system, its just another bizarre technical trading system. You know, the kind of system that is responsible for 80 to 85% losses?

So lets look at a recovery system to see if it is as scary as technical trading. We start with .01 lots and set our take-profit and stop losses at 20 pips. Now to decide if we should do buys or sells, we look at the current price. The center point is half way between the historical high and the historical low.

If the current price is above the center point then we do sells as we expect the price to spend most of its time somewhere around the middle. If you don't know why, you will have to read my book. If the current price is below center, we do buys. Lets say we do a buy trade for our first trade and the price drops 20 pips and we close for a loss. The next trade we open the trade of .01 lots and make the take profit and stop losses 40 pips, twice what the loss was. And of course, a win would pay for the loss and give us a profit. But a second loss would make our next trade 80 pips.

The 4th trade would be 160 pips, the 5th 320 pips, the sixth, 640 pips. The trade size is still .01 lots. After 7 straight losses we would have moved 1260 pips away from center. The aud/cad only has 1600 pips from center to the historical limits. The 8th trade would be for a win or loss of 1280 pips, 940 pips beyond the historical limits.

Now that is not the way I trade a recovery system but this exerciser was not intended to teach anyone how to trade or use a recovery system, just how to think outside the box. What are traders afraid of when discussing any recovery system? That the trade size gets to large and blows out the account. right?
   
The trade size in our demonstration is still only .01 lots but at the opening of the 8th iteration we would have lost a total of 1260 pips. A change of one pip for a .01 lot size trade, changes the equity by .10 of the first listed currency of the pair. In the case of the aud/cad, it would change by .10 Aussi dollars. So at 1260 pips, we would have a draw of 126.00 Ausie dollars. If we had say $500 in our trading account, it would be near impossible to ever have a margin call.

There are better ways to trade using a recovery system but it is not my purpose to teach investors/traders how to trade. For that, I get paid. Nothing wrong with that, because I also paid to learn what I know. Boy did I pay...

Bob


Interesting. Actually I took a time to read it :)

My observations:

1) It is not written in the stone that price would not move outside of current boundaries, and forget that there was ever some center point.
2)It takes exponentialy longer time, considering daily range to get back the losses, after longer lasting streaks.
3) Your systems sounds more like an averaging system to me with some characteristics, of martingale. But basically you are waiting for some correction buoing / selling at better price - I have no problem with that. :)

But anyway. something to think about.

Regarding martingale and antimartingale, I have not used any of those, if someone manages to succed with any of them good for him.

Regards

M

Get investors and get paid 15 percent of theyr profits. More on my website.
Bob LLewellyn (ForexAssistant)
Feb 08 2015 at 15:04
465帖子
'It is not written in the stone that price would not move outside of current boundaries, and forget that there was ever some center point'

Mav, you just told on yourself my friend. Anyone who does not understand the significance of the center point, doesn't understand the forex market. Not trading the market, but the forex market itself. Why does it exist, what is its purpose? How to use that knowledge to make a safe trading system..

That is the problem that I have with technical trading. It allows people to trade, make and lose money, but never really understand the market in which they trade. Now to me, that's scary.

Bob

where research touches lives.
请登录以发表评论。