What's the best way to trade Martingale Forex Trading
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Feb 27, 2015 at 20:09
nicholas1021 posted:
@CrazyTrader , I have seen your posts, and I don't understand how you can speak negativity about cholipop when he is earning profit. I have seen your account, and you are in deep red, and have held the positions you have on EU for more then a month. You have also not opened a trade in 10 days. Please re frame from posting if you have nothing positive to add.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
Well said... The sad part is he can't himself. I am pretty sure his client has changed the account password which is the reason why he has not placed any new trades. The sad part is that he can only trade breakout markets in DEMO, but in real for some reason things get weird and he goes into red. Look at how after he opened that EU trade(which is still open) his drawdown spiked to well over 25%
Membre depuis Nov 21, 2011
posts 1718
Feb 27, 2015 at 20:10
nicholas1021 posted:
@CrazyTrader , I have seen your posts, and I don't understand how you can speak negativity about cholipop when he is earning profit. I have seen your account, and you are in deep red, and have held the positions you have on EU for more then a month. You have also not opened a trade in 10 days. Please re frame from posting if you have nothing positive to add.
Welcome newbie
Membre depuis Nov 21, 2011
posts 1718
Feb 27, 2015 at 20:15
(édité Feb 27, 2015 at 20:15)
Cholipop posted:
Well said... The sad part is he can't himself. I am pretty sure his client has changed the account password which is the reason why he has not placed any new trades. The sad part is that he can only trade breakout markets in DEMO, but in real for some reason things get weird and he goes into red. Look at how after he opened that EU trade(which is still open) his drawdown spiked to well over 25%
When you talk about me or try to forecast market you are always wrong... how come?
By the way you still haven't replied to me into EURUSD thread.
I stop EA and I opened manually 1 short position on EURSUD to recover this account. Why should I be worried by the time it takes... as this pair will go down!?
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Feb 27, 2015 at 20:42
CrazyTrader posted:Cholipop posted:
Well said... The sad part is he can't himself. I am pretty sure his client has changed the account password which is the reason why he has not placed any new trades. The sad part is that he can only trade breakout markets in DEMO, but in real for some reason things get weird and he goes into red. Look at how after he opened that EU trade(which is still open) his drawdown spiked to well over 25%
When you talk about me or try to forecast market you are always wrong... how come?
By the way you still haven't replied to me into EURUSD thread.
I stop EA and I opened manually 1 short position on EURSUD to recover this account. Why should I be worried by the time it takes... as this pair will go down!?
You have been wrong about it going down for almost 1 month. Which is why the account is in red over 22% :) As for me responding to you, I don't see the point as I am not a crystal ball swing trader like you. I earned well over 200% this week by scalping, not by drawing silly lines and praying. So, until you have a week in which you are in green even .5% you should re frame from speaking to me noob-pie.
Membre depuis Oct 11, 2013
posts 775
Mar 02, 2015 at 11:07
Trying to predict is not trading. Trading is more about reacting to what the market is doing, but you do have to imagine different possible scenarios that may take place and create your plan of action for every scenario you imagined. If nothing of what you thought happens, then you simply dont trade.
Membre depuis Mar 04, 2015
posts 1
Mar 04, 2015 at 09:49
Really I m impressed vetrivel1980 style of trading very good trading style and also, he created own style of forex trading, i hope mr.vetrivel1980 from india very soon ur a forex millionaire please i request training provide for me, i will ready to pay to you my dear friend still now also i m struggle in forex market pls pls vetrivel1980
Membre depuis Jun 28, 2011
posts 465
Mar 10, 2015 at 04:00
(édité Mar 10, 2015 at 04:00)
mavericks posted:ForexAssistant posted:
'Can you elaborate ?'
Not here, I thought my previous post was too long but I will make that much available in the very near future.
Just like I automated my trading, I am in the process of automating my course on systemic trading. (A type of fundamental trading). My intent is to make the first 3 chapters of the text book and the first lecture free as a way to determine if my investment programs are right for the reader before purchasing. It covers the basic fundamentals of the market. The textbook is currently being edited. When I get it back from the editor, I will let you know how to get that free part.
Bob
Wish you good luck, but I would be glad If you could at leat rougly explain your concept of ,, center point,,.
This was posted back on Feb 8th and I promised that I would answer the question in a way where it would make sense. Short blurbs would only miss the point awfully so I now have the first three chapter available as a sample of what I teach in systemic trading. It will answer the center point and limits questions but it doesn't go as far as explaining the systems but since it is significantly different enough from everything else seen here, I think that you will find it rather interesting. I hope so anyhow.
Anyway, I gave it it's own thread,
https://www.myfxbook.com/community/new-traders/free-intro-systemic-trading-course/919574,1
Good trading ya'll.
Bob
where research touches lives.
Membre depuis Jan 19, 2015
posts 206
Mar 10, 2015 at 06:26
everyone here seaking is right coz they all r using different stratetegy what i dont understand is why arguing who is doing right or wrong when ppl arguing here are uing diferent strategy martingale is good and very effective when market is not trending or moving very slow or incase of slow moving pairs like nzd usd but if u use martingale on pairs like gbp usd gbp chf pairs with range bigger than 300 on monthly chart then account is going to definately blow whereas u can control it vefy effectively and turn into profit if the pair is slow moving and u know what you are doing martingale is only effective for intraday trading longterm and short term causes problems to use martingale one shld be aware of news and their effects on the pair a blnd use of martingale always kills
Greed and Non acceptance are the biggest enemies
Membre depuis Jun 28, 2011
posts 465
Mar 28, 2015 at 07:16
Trading systems determine, entry points, exit points, direction of the trade and size.
A recovery system is a way to make up for a loss. A simple recovery system would be to double all of your trades until a loss was recovered. That's called a slow recovery and is used in conjunction with a martingale or some other fast recovery. Fast recovery systems recover all the loss in one trade.
So if you have a pretty good trading system so that your win ratio is greater than 50% you can add on some type of recovery system and make your profits a little better.
Bob
A recovery system is a way to make up for a loss. A simple recovery system would be to double all of your trades until a loss was recovered. That's called a slow recovery and is used in conjunction with a martingale or some other fast recovery. Fast recovery systems recover all the loss in one trade.
So if you have a pretty good trading system so that your win ratio is greater than 50% you can add on some type of recovery system and make your profits a little better.
Bob
where research touches lives.
Membre depuis Nov 21, 2011
posts 1718
Mar 28, 2015 at 12:14
At the beginning I though martingale was only a recovery system (slow or fast), I didn't like this because it can be good endeed to recover previous loss but as soon as you apply this in a strong trend, you are pretty much going to blow your account.
I finally deeply think that martingale is a very powerful tool to increase significantly profits.
I don't use martingale your way. Martingale has probably been badly adapted to forex so accounts blow.
My account 'My signals' contains 5 EA running.
Since februray, 1 EA is running with a martingale, and we can clearly notice how the account's performance is skyrocketting so far.
The whole profits are issued from this particular EA with martingale.
I finally deeply think that martingale is a very powerful tool to increase significantly profits.
I don't use martingale your way. Martingale has probably been badly adapted to forex so accounts blow.
My account 'My signals' contains 5 EA running.
Since februray, 1 EA is running with a martingale, and we can clearly notice how the account's performance is skyrocketting so far.
The whole profits are issued from this particular EA with martingale.
Membre depuis Jun 28, 2011
posts 465
Mar 28, 2015 at 13:44
'as soon as you apply this in a strong trend, you are pretty much going to blow your account.'
But since the martingale doesn't make you trade against the trend, why is your trading system taking trades the wrong way? Some times one of my robots gets mixed up and can't figure out which way to go, after a set number of trades that lose, the system pauses and waits for me to see what is happening and help to choose the right direction. Sometimes I don't know what's happening either so we wait until it begins to make sense.
CrazyTrader, I know I'm not telling you anything you don't already know, but sometimes the best trade is no trade. For me, the pause setting is an integral part of the trading system. Whether its trending or ranging that takes your recovery system to the high end, a pause setting will help to protect it from getting out of hand.
Bob
But since the martingale doesn't make you trade against the trend, why is your trading system taking trades the wrong way? Some times one of my robots gets mixed up and can't figure out which way to go, after a set number of trades that lose, the system pauses and waits for me to see what is happening and help to choose the right direction. Sometimes I don't know what's happening either so we wait until it begins to make sense.
CrazyTrader, I know I'm not telling you anything you don't already know, but sometimes the best trade is no trade. For me, the pause setting is an integral part of the trading system. Whether its trending or ranging that takes your recovery system to the high end, a pause setting will help to protect it from getting out of hand.
Bob
where research touches lives.
Membre depuis Nov 21, 2011
posts 1718
Mar 28, 2015 at 14:04
(édité Mar 28, 2015 at 14:05)
ForexAssistant posted:
For me, the pause setting is an integral part of the trading system. Whether its trending or ranging that takes your recovery system to the high end, a pause setting will help to protect it from getting out of hand.
That's right... I do have this kind of features/set up.
What do you mean by recovery system? => Averaging?
If yes, then this isn't a martingale.... that's my point.
Membre depuis Jun 28, 2011
posts 465
Mar 28, 2015 at 16:51
Recovery is making up for lost trades. A martingale is on type of recovery system, but there are others. Dollar price averaging could be called a recovery system but in that case, it is recovering from a loss not yet incurred. I cover that in my book.
Hey, CrazyTrader, if you got some time, how about reading my intro, the first three chapters in the book and the first seminar. They are zipped here. Let me know what you think, yes, I want your feedback, stop grinning.
https://thesafeinvestor.com/tsiDownloads/sampleTSIseminar.zip
You can private post me if it's really good and you don't want to say so in an open forum like this.😁
Bob
Hey, CrazyTrader, if you got some time, how about reading my intro, the first three chapters in the book and the first seminar. They are zipped here. Let me know what you think, yes, I want your feedback, stop grinning.
https://thesafeinvestor.com/tsiDownloads/sampleTSIseminar.zip
You can private post me if it's really good and you don't want to say so in an open forum like this.😁
Bob
where research touches lives.
Membre depuis Nov 21, 2011
posts 1718
Mar 28, 2015 at 17:20
ForexAssistant posted:
Recovery is making up for lost trades. A martingale is on type of recovery system, but there are others. Dollar price averaging could be called a recovery system but in that case, it is recovering from a loss not yet incurred. I cover that in my book.
Hey, CrazyTrader, if you got some time, how about reading my intro, the first three chapters in the book and the first seminar. They are zipped here. Let me know what you think, yes, I want your feedback, stop grinning.
https://thesafeinvestor.com/tsiDownloads/sampleTSIseminar.zip
You can private post me if it's really good and you don't want to say so in an open forum like this.😁
Bob
Thx for sharing, I'll get back to you as soon as I can.
ps:
I'm still confused... does people think averaging is a martingale?
Membre depuis Jun 28, 2011
posts 465
Mar 28, 2015 at 19:34
CrazyTrader posted: Thx for sharing, I'll get back to you as soon as I can.
ps:
I'm still confused... does people think averaging is a martingale?
No, different things all together.
where research touches lives.
Membre depuis Nov 21, 2011
posts 1718
Mar 29, 2015 at 12:44
(édité Mar 29, 2015 at 12:45)
I finaly found it:
https://forex-assistant.com/articles/Martingale.pdf
This article shows the wrong way to use martingale... why?... because you guys think martingale & Forex, like we could do it for martingale & Casino.
Martingale is a very simple mathematic formula to get 1$ profit for any series of attemps. (ONLY FOR 1/1) as risk/reward
As Casino doesn't want to be a looser, they have limited the amount you can bet on the french rouette as exemple. Therefore the martingale can't be ulimited.
Matingale + Forex = the greatest strategy in the whole world, and I'm going to prove it once more.
Why so?....Because why would you limit your martingale to a risk/reward of 1/1?
You bet $1 on red color at french roulette... if you win, the bank pays you $1.
In forex, you can limit your loss to $1, but you can expect $10 in case you are right. => Risk/Reward 1/10
So if you guys get me... the martingale created years ago is now totally obsolete into financial markets like forex.
So a little example:
First trade, you lose $10
Second trade, you lose $20
Third trade, you lose $30
Fourth trade, you win $400
Total: 400 - (10 + 20 + 30) = +$360
Your strategy is:
10 pips SL
100 pips TP
Risk/Reward 1/10
https://forex-assistant.com/articles/Martingale.pdf
This article shows the wrong way to use martingale... why?... because you guys think martingale & Forex, like we could do it for martingale & Casino.
Martingale is a very simple mathematic formula to get 1$ profit for any series of attemps. (ONLY FOR 1/1) as risk/reward
As Casino doesn't want to be a looser, they have limited the amount you can bet on the french rouette as exemple. Therefore the martingale can't be ulimited.
Matingale + Forex = the greatest strategy in the whole world, and I'm going to prove it once more.
Why so?....Because why would you limit your martingale to a risk/reward of 1/1?
You bet $1 on red color at french roulette... if you win, the bank pays you $1.
In forex, you can limit your loss to $1, but you can expect $10 in case you are right. => Risk/Reward 1/10
So if you guys get me... the martingale created years ago is now totally obsolete into financial markets like forex.
So a little example:
First trade, you lose $10
Second trade, you lose $20
Third trade, you lose $30
Fourth trade, you win $400
Total: 400 - (10 + 20 + 30) = +$360
Your strategy is:
10 pips SL
100 pips TP
Risk/Reward 1/10
Membre depuis Mar 24, 2015
posts 3
Mar 29, 2015 at 14:06
Hello. If I may add to the conversation. Martingale all in all is only a money management recovery system. In no way shape or form is it an actual 'system'. The traders actual system, will determine how successful the martingale recovery system actually will be.
Here is why I say it. A breakout trader may take a position with a 1:1 ratio but add another position in the same direction of the loss once the stop loss is hit. Eventually he will end up hitting break even, as no 'TREND' last for ever. The trick part to it is how many pips is his 1:1 ratio. I personally don't get wrapped up in ratios, because it is nothing more then an expectation, instead of an accurate measure of how the market works.
Trader A has a 1:1 ratio risk 100 to get 100
Trader B has a 1:1 ratio risk 10 to get 10
So the overall question would be, will martingale work the same for both traders? Of course not, as it is much easier to hit 10 pips before you hit 100 pips, but we would have to look at the actual system to see who stands to hit their expected R:R The more accurate the system is, then the more efficient he or she will be able to use martingale.
Here is why I say it. A breakout trader may take a position with a 1:1 ratio but add another position in the same direction of the loss once the stop loss is hit. Eventually he will end up hitting break even, as no 'TREND' last for ever. The trick part to it is how many pips is his 1:1 ratio. I personally don't get wrapped up in ratios, because it is nothing more then an expectation, instead of an accurate measure of how the market works.
Trader A has a 1:1 ratio risk 100 to get 100
Trader B has a 1:1 ratio risk 10 to get 10
So the overall question would be, will martingale work the same for both traders? Of course not, as it is much easier to hit 10 pips before you hit 100 pips, but we would have to look at the actual system to see who stands to hit their expected R:R The more accurate the system is, then the more efficient he or she will be able to use martingale.
Membre depuis Nov 21, 2011
posts 1718
Mar 29, 2015 at 14:18
Scalping101 posted:
The more accurate the system is, then the more efficient he or she will be able to use martingale.
This is what I'm going to acheive... In this case, martingale is the holy grail for exponential profit.
Membre depuis Nov 21, 2011
posts 1718
Mar 29, 2015 at 14:31
My point is to show that martingale is probably the greatest tool to make a lot of profit while you have a good system.
It is also to show that in this particular conditions, calling Maringale a recovery system is reducing his real power.
In the performance below, we see that since martingale implemented on February, I'm not recovering loss, I do much more profit:
I don't like to use martingale (as a recovering system) to recover a loss... you're taking the risk to lose twice more the same day. 90% of the time, when an account blows, it blows in one time.
Why using a powerfull tool as a recovering system while it can be used in a smart way, it produces significant profits?
It is also to show that in this particular conditions, calling Maringale a recovery system is reducing his real power.
In the performance below, we see that since martingale implemented on February, I'm not recovering loss, I do much more profit:
I don't like to use martingale (as a recovering system) to recover a loss... you're taking the risk to lose twice more the same day. 90% of the time, when an account blows, it blows in one time.
Why using a powerfull tool as a recovering system while it can be used in a smart way, it produces significant profits?
Fichiers joints:
