Is Martingale the real and the only holy grail?

Many people use many strategies in Forex. In most cases, the same strategy is used by 2 people and one of them is making a profit and the other is making a loss. Emotions are working here. And there is no price for emotions in Forex. Can do some things which I am describing below

1. Uses long term time frames and analyses in this time frame.
2. After refraining from trading for a while, he came from outside.
3. Meditate regularly and control emotions.
4. Follow trade management or adhere to risk rewards.

Follow these rules and hope all goes well.

I think Martingale strategy can be very effective in the right environment. I'm currently using a Martingale-based EA as well. For ranging pairs it works great. For trending pairs, it can draw you down a bit (of course depending on your settings) and may take a while longer to recover. I've done well with it to date but also looking for a good trending EA to compliment.

xtremetoonz posted:
I think Martingale strategy can be very effective in the right environment. I'm currently using a Martingale-based EA as well. For ranging pairs it works great. For trending pairs, it can draw you down a bit (of course depending on your settings) and may take a while longer to recover. I've done well with it to date but also looking for a good trending EA to compliment.

Thank you for your insight and feedback. For how long have you been using Martingale and what sort of returns/risks are you talking about here on monthly/annually basis.

In the long term you’ll need a stronger strategy to fall back on.

mnsr9494 posted:

xtremetoonz posted:
I think Martingale strategy can be very effective in the right environment. I'm currently using a Martingale-based EA as well. For ranging pairs it works great. For trending pairs, it can draw you down a bit (of course depending on your settings) and may take a while longer to recover. I've done well with it to date but also looking for a good trending EA to compliment.

Thank you for your insight and feedback. For how long have you been using Martingale and what sort of returns/risks are you talking about here on monthly/annually basis.

I'm going on 4 months and seeing excellent returns(3-8% per week). The challenge is avoiding long trends and reducing draw down. We just had a few more EAs introduced to us that work off different metrics and have months or years of records to consider when choosing. Some work better with trending so I'm excited to demo those.

davidkew posted:
In the long term you’ll need a stronger strategy to fall back on.

In the long term, all stop-loss traders will lose money.

I'm going on 4 months and seeing excellent returns(3-8% per week). The challenge is avoiding long trends and reducing draw down. We just had a few more EAs introduced to us that work off different metrics and have months or years of records to consider when choosing. Some work better with trending so I'm excited to demo those.

I know right? Martingale is easy but determing the right enoviornment is the challenging part. Since all indicators are lagging, you can’t rely on them in this matter.

Martingale is a cheap magic trick, it has nothing to do with trading the market.

hi i'll try to help you by telling you what i do.

i mainly trade eu usdchf and gbp usd
15m tf full zoomed out.

this is my eu trades i would take or have taken.
trade only intraday the london session and nothing more than that

eu
https://prntscr.com/tvlzsz
gu
https://prntscr.com/tvm1kj
uchf
https://prntscr.com/tvm2h8

uchf is the most consistent of them all.

i use sma's just to define the trend and trade against the trend if i see accumulation at extended places or with the trend at previous break of structure that act as accumulation areas

50sma
160 ema
336 sma
768 sma

use 1.5rr and set stop loss at least 1atr higher than the top of the accumulation area.
trade one at a time, no more that that. 1 trade every day or two, never leave trades overnight.

risk no more than 1% and even then i sometimes if trade goes against me i hedge it instead of letting it hit the stop loss. and find the next exhaustion point to add to my trade. i rarelly if ever loose. i only focus one one timeframe and dont even bother to look at the rest.

and ye this is actually my trading chart, i dont zoom in, i only care about the bigger picture, its eaisier.

i dont care about indicators as well, they all lag, only price action doent lag.

hope this helped. good luck