What's the best way to trade Martingale Forex Trading
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Dec 02, 2014 at 08:41
gobias posted:Cholipop posted:
For the rest of you guys, don't be fooled by this custom date scammer called tgor. Look at one of his best accounts. https://www.myfxbook.com/members/togr/fxprimusc21/756902 custom start date, and if you click it and select ALL what do you see? Not to mention most of his accounts aren't verified nor are they from brokers which are even listed. I have already gotten several pm's from people who have deposited with him only to blow their accounts. Show a fresh account, and let us see what you have... Don't post these accounts AFTER you have run them up.
Mr Cholipop, with all due respect, you are full of it. Your first account was clearly a cent account. Your 2nd and 3rd accounts were failures. And anyone who has decided to be your 'client' is an absolute idiot.
I look forward to watching your demise....
Well said by a guy with 0 data to reveal. :)
forex_trader_38771
Membre depuis Jun 10, 2011
posts 60
Dec 02, 2014 at 09:15
Cholipop posted:gobias posted:Cholipop posted:
For the rest of you guys, don't be fooled by this custom date scammer called tgor. Look at one of his best accounts. https://www.myfxbook.com/members/togr/fxprimusc21/756902 custom start date, and if you click it and select ALL what do you see? Not to mention most of his accounts aren't verified nor are they from brokers which are even listed. I have already gotten several pm's from people who have deposited with him only to blow their accounts. Show a fresh account, and let us see what you have... Don't post these accounts AFTER you have run them up.
Mr Cholipop, with all due respect, you are full of it. Your first account was clearly a cent account. Your 2nd and 3rd accounts were failures. And anyone who has decided to be your 'client' is an absolute idiot.
I look forward to watching your demise....
Well said by a guy with 0 data to reveal. :)
But nothing to sell. :)
You put yourself out there like you have a truly deep understanding of the markets, and yet, your accounts reveal just the opposite.
Enjoy your trading day
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Dec 02, 2014 at 09:19
gobias posted:Cholipop posted:gobias posted:Cholipop posted:
For the rest of you guys, don't be fooled by this custom date scammer called tgor. Look at one of his best accounts. https://www.myfxbook.com/members/togr/fxprimusc21/756902 custom start date, and if you click it and select ALL what do you see? Not to mention most of his accounts aren't verified nor are they from brokers which are even listed. I have already gotten several pm's from people who have deposited with him only to blow their accounts. Show a fresh account, and let us see what you have... Don't post these accounts AFTER you have run them up.
Mr Cholipop, with all due respect, you are full of it. Your first account was clearly a cent account. Your 2nd and 3rd accounts were failures. And anyone who has decided to be your 'client' is an absolute idiot.
I look forward to watching your demise....
Well said by a guy with 0 data to reveal. :)
But nothing to sell. :)
You put yourself out there like you have a truly deep understanding of the markets, and yet, your accounts reveal just the opposite.
Enjoy your trading day
Well if GREEN accounts reveal that I am a loser, then a loser I am. I take it you are one of tgor's groupies. :)
Membre depuis Feb 22, 2011
posts 4862
Dec 02, 2014 at 10:00
ForexAssistant posted:togr posted:
Anyone has martingale system with decent profit for at least 1 year?
Vontogr; what did you want it for?
You know I would be honored to work on a project with you but my recovery system isn't a true martingale as it uses the Fibonacci sequence. However, if you think that it could work for you, I guess you could use mine.
Bob
@ForexAssistant
Bob as I wrote if anyone states that martingale is good then such person should prove it by live account with a year history.
Membre depuis Feb 22, 2011
posts 4862
Dec 02, 2014 at 10:10
Cholipop posted:
Consider how many accounts I have now obtained to follow the one which I started with. The second account which joined has already doubled in size, with no floating loss. The problem in forex is the FLOATING LOSS. You trade 'MAY' end up hitting your tp, but if you spent 60 - 150 pips in red before you tp is hit, although it is low % of your account (Risking smaller capital with lower max leverage makes it favorable to the broker. As more funds is needed to be in an account to make that trade possible. The smaller the leverage the MORE MONEY REQUIRED to keep the trade open) you have given about 2 to 3 times the daily range of that currency. The market shifts at the drop of a dime. Which makes yesterday orders useless. Worthless lots.
No one is focusing on accuracy. If we can master accuracy and trade management, you will be able to risk more and gain an amount which would make anyone want to sign up for. 3% per day profit. No need to over leverage. Tgor has not one account with a very respectable pip draw down. To make fist over hand in forex you need to trade like a robot. Not like a bias human who says Ït can't go up any further. Have a look at UJ. How many times did you see lines pointing down. Price action creates the very lines you draw. I'm not impressed by the stats of any trader, as they all have high pip draw down. It is a very unproductive way of trading. Not to mention swap accounts..
@Cholipop
That pure nonsense. Floating loss is always there. At the very moment you open the trade you are in loss due to comission, sllipage and spread.
Membre depuis Feb 22, 2011
posts 4862
Dec 02, 2014 at 10:11
gobias posted:@gobiasCholipop posted:
For the rest of you guys, don't be fooled by this custom date scammer called tgor. Look at one of his best accounts. https://www.myfxbook.com/members/togr/fxprimusc21/756902 custom start date, and if you click it and select ALL what do you see? Not to mention most of his accounts aren't verified nor are they from brokers which are even listed. I have already gotten several pm's from people who have deposited with him only to blow their accounts. Show a fresh account, and let us see what you have... Don't post these accounts AFTER you have run them up.
Mr Cholipop, with all due respect, you are full of it. Your first account was clearly a cent account. Your 2nd and 3rd accounts were failures. And anyone who has decided to be your 'client' is an absolute idiot.
I look forward to watching your demise....
Exactly:)
Dec 02, 2014 at 10:58
1) Follow the trend.
2) Keep your risk under control.
3) Pick your entries wisely.
4) Don't be to greedy.
If you follow this simple rules, your results can look like this: https://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198
😄
Membre depuis Nov 21, 2011
posts 1718
Dec 02, 2014 at 13:19
Forex21 posted:
1) Follow the trend.
2) Keep your risk under control.
3) Pick your entries wisely.
4) Don't be to greedy.
This is the way....
If you follow this simple rules, your results can look like this: https://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198
=> Keep on adding to the winner trades as I mentionned above. Example on Selling AUDNZD... good job & Well done for global performance!
Membre depuis Jun 28, 2011
posts 465
Dec 02, 2014 at 15:33
gobias posted:
I look forward to watching your demise....
I on the other hand do not. I want you to succeed wonderfully as well as everyone else on the board trying to find a better way.
When one person succeeds in some portion and shares that success with the rest of us, we all get a little closer to achieving our own goals. We should be encouraging one another here, not trying to tear each other apart. We are much better than that.
Sure we will disagree on some things, we would not be able to grow if we didn't, but we don't need to lose our dignity and self respect in the process. Emotions will kill a trader, maybe the forum is a good place to practice emotion control?
Just my two cents worth.
Bob
where research touches lives.
Membre depuis Nov 21, 2011
posts 1718
Dec 02, 2014 at 16:22
ForexAssistant posted:gobias posted:
I look forward to watching your demise....
I on the other hand do not. I want you to succeed wonderfully as well as everyone else on the board trying to find a better way.
When one person succeeds in some portion and shares that success with the rest of us, we all get a little closer to achieving our own goals. We should be encouraging one another here, not trying to tear each other apart. We are much better than that.
Sure we will disagree on some things, we would not be able to grow if we didn't, but we don't need to lose our dignity and self respect in the process. Emotions will kill a trader, maybe the forum is a good place to practice emotion control?
Just my two cents worth.
Bob
Nice story... you deserve a vouch but I can't vouch for you as I already have done it !
Membre depuis Jun 28, 2011
posts 465
Dec 02, 2014 at 17:16
' I can't vouch for you as I already have done it !'
As I have for you, a longtime ago. We, of course, trade differently but my respect for your professionalism is never in question.
And to Vontogr, I am sorry, I just got confused for a moment there. Too many things occupying too little space in my brain...
Bob
As I have for you, a longtime ago. We, of course, trade differently but my respect for your professionalism is never in question.
And to Vontogr, I am sorry, I just got confused for a moment there. Too many things occupying too little space in my brain...
Bob
where research touches lives.
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Dec 03, 2014 at 04:38
In theory forex is easy. Yet, as someone mentioned before, emotions get in the way and make a mess of everything. As some members of the site have mentioned ¨Martingale is not a good system¨. Little does he know that Martingale isn´t a system. It is only Money Management. If you can be assured that a certain formation won´t give you more then X amount of losses, then you adjust your money management to the martingale form of wagering.
Membre depuis Dec 15, 2010
posts 795
Dec 03, 2014 at 06:46
If you wanna play with martingales or grids, drop by my web site and ask for one. No charge. Demo or play money only...
Professor53.com
Professor53.com
Click on my Name to see My Live Charts and Bio.
Membre depuis Oct 23, 2013
posts 38
Dec 03, 2014 at 08:10
rajivzz posted:
What's the best way to trade Martingale Forex Trading , any idea??
To not trade it... Its a terrible approach that has 0 regard for good risk management...
'On a long enough timeline the life expectancy of everything is 0' ... that is the best description of where martingale will leave you in the end... It may work for a while, but that ONE TIME will happen where your looser is just too big to recover from.
Membre depuis Oct 22, 2014
posts 10
Dec 03, 2014 at 08:17
yes correct cholipop
Dec 03, 2014 at 10:56
CrazyTrader posted:Forex21 posted:
1) Follow the trend.
2) Keep your risk under control.
3) Pick your entries wisely.
4) Don't be to greedy.
This is the way....
If you follow this simple rules, your results can look like this: https://www.myfxbook.com/members/Forex21/powerflow-ea-3rd-acc-wwwforex21com/985198
=> Keep on adding to the winner trades as I mentionned above. Example on Selling AUDNZD... good job & Well done for global performance!
Thank's 😄
Membre depuis Oct 22, 2014
posts 10
Dec 03, 2014 at 10:57
Dear friends
Martingale system totally self sucide systems, Example last 2 days EURO/USD 1.24700 Range at the time now 1.23300 without any retracement, every loss trade put double the size of order that is finally 99 success = 1 lose that is martingale, forex market is unpredictable
Martingale system totally self sucide systems, Example last 2 days EURO/USD 1.24700 Range at the time now 1.23300 without any retracement, every loss trade put double the size of order that is finally 99 success = 1 lose that is martingale, forex market is unpredictable
forex_trader_202879
Membre depuis Aug 07, 2014
posts 406
Dec 03, 2014 at 17:45
vetrivel1980 posted:
Dear friends
Martingale system totally self sucide systems, Example last 2 days EURO/USD 1.24700 Range at the time now 1.23300 without any retracement, every loss trade put double the size of order that is finally 99 success = 1 lose that is martingale, forex market is unpredictable
Now the question is what causes you to GET INTO A TRADE. Just because you lose a trade, doesn´t mean the next order has to go in the same direction of the last lost. Which is why I say that saying that martingale is a system is a lie because it isn´t.
Membre depuis Jun 28, 2011
posts 465
Dec 03, 2014 at 18:25
'I say that saying that martingale is a system is a lie because it isn´t. '
It's not a trading system, it is a recovery system.
Bob
It's not a trading system, it is a recovery system.
Bob
where research touches lives.
Membre depuis Oct 11, 2013
posts 775
Dec 05, 2014 at 00:32
There are a lot combinations that you can use when applying martingale strategies. It may not be a system, but it can make part of a system. It all depends on how much risk you are willing to take.
