1st Showcase Account讨论

Nice work SIM,

I am running a martingale EA on GBPUSD and EURUSD, and I agree with you if you can keep greed in check martingale will be profitable in longer term.

I was high on martingale some 5 years ago, was so sure of it, but soon a huge steady quote climb came and I was biting my nails as it creeped its way thru most of my $1,000 account. $150 was left when it finished blowing it. Its darn risky, maybe if you calculate what will only take half or third of your account by time you go up to 20th step you might be long-term successful......might!
JB

Batcheler posted:
    I was high on martingale some 5 years ago, was so sure of it, but soon a huge steady quote climb came and I was biting my nails as it creeped its way thru most of my $1,000 account. $150 was left when it finished blowing it. Its darn risky, maybe if you calculate what will only take half or third of your account by time you go up to 20th step you might be long-term successful......might!
JB

hi batchboy,

Welcome your comment. I am very agree that martingale is risky. But from my experience only martingale can give consistent return. Other trading strategies cannot give consistent return. You manage to win 50pips on these week but next week you might lose 100pips. From my backtest since Jan 1999 to Dec 2010, the EA is working fine without margin call. I do not want inconsistently return, some months win some months lose, i don't like this type of trading style. I hope one day i can trade for living, so i really need to have fixed profit every month.

Regarding the 20th step thing, that is part of your money management. Every trader must know how to tune MM to suit your trading strategy. Many traders use martingale, but all having different money management strategy. So MM will determine your success. Trading strategy not as important as MM.

Regards,
SIM

Since the subject has been brought up -- of the cut off point for when a martingale system will stop entering with increased trading size (the idea of the 20th step alluded to, I believe), would you share anything about how your EA would manage a trade in a market that is going one direction (against you) and not looking back - the theoretical worse case scenario that may never happen?

This is the fear of martingale system, right, that they will keep entering larger sizes when the market keeps going against the direction you are trading.

I just ask this for a point of conversation. You look like you have a great system SIMI. Hats off to you. It seems that apart from the market going 500 pips against you without a bounce in between you should be fine?

Wayne

Hi Wayne,

You are welcome here. To answer your question, 500pips against my EA is not a problem at all. This had been happen many times. When the negative 500pips on my account, the equity of my account will stay about 85%. For me this is still in healthy condition (depend on individual). If anyone of you are tracking on my floating position from time to time then i think you guys will agree with me.

Regarding the 20th step, when you say market is going in one direction and not looking back, in fact this never happen. No matter how strong of the trend in one direction, the trend will retrace a little then going back to its original strong trend. I think all of you should agree on this. When you look at daily chart, maybe you can see continuously of 20 up trend bars. But in fact, on each day, the bar will up and down but end of the day it close higher. It is impossible that from opening market the market straight up until market close without little down trend (I never see this situation since i am trading Forex).

So my EA is designed in such a way that will take advantages on this little opposite trend. For example, i am buying a currency and i am having floating loss of -500 pips, but when the trend go down for about 30pips, my floating position will turn into positive, so i can close all position. In order to make this to happen, you need good MM that suit the martingale. I know many of you feel it is crazy trading this way, but I am comfortable with it.

Anyone of you are welcome to show me history market record that after few hundred pips on one direction but never retrace even a little. Little meaning 'maybe 15% - 20% from strong trend moving in single direction.'

Regards,
SIM

Thanks SIM,

Let me clarify just a point. When I used the language of the market not looking back I didn't really have the idea of no pullback at all in mind, I guess what I'm thinking is some worse case scenario where the biggest bounce, lets say, in this theoretical 500 pip move is a 50 pip bounce, or something like that. Most martingale systems would likely buy/sell at the wrong time and might miss this one opportunity (in this theoretical worse case scenario we are imagining) and might get a margin call because of their bad timing.

What seems most amazing about your system is it seems to know the right time to enter with the larger size to catch the 50 pip bounce. Is there an indicator or two you use that you would be so gracious to share with us - as to what it is - that predicts this bounce? :) Certainly no one can build your system from a couple of indicators, but again, congratulations to you for putting together a combination of indicators, etc. that seem to catch the bounce in at least certain currencies like Euro Usd at the right time.

Nice work

SIM,
I beg to disagree about no EA being able to give consistent results, I ran Megadroid on infx for a year and it tripled my account.
Having seen its ways and confidence in it I'm now with an ecn acct at finfx.fi, one of the best brokers out there.
I'd HATE to have the day that I have larger real money and the unexpected with martingale really is happening before my eyes eventually blowing huge hole in it. I thought too like you SIMs! Can't possibly not back-track 'some' but a very steady climbing quote was happening by coincidence right after I got myself all set-up, just couldn't believe when it got so close few times to backing-up to save it all but didn't! It was dramatic in its unbelievableness!
But if you tested back-tested it cool, but in tester you only have so much ticks and you need do at open bars only and then that is not how EA will act in real life where EA is tick sensitive, so bar-wise in test may show 'oh, no problem', but in real tick life you could be only a tick or two away from closing it all out at step 10!
I convinced myself at one time martingale was the consistent holy-grail for fx, but the worst on it can happen!
Sorry to sound repeatedly harsh but its unfortunate reality of life, I think anything in life that looks too good to be true is, well, just that.
Jb

Batcheler posted:
    SIM,
I beg to disagree about no EA being able to give consistent results, I ran Megadroid on infx for a year and it tripled my account.
Having seen its ways and confidence in it I'm now with an ecn acct at finfx.fi, one of the best brokers out there.
I'd HATE to have the day that I have larger real money and the unexpected with martingale really is happening before my eyes eventually blowing huge hole in it. I thought too like you SIMs! Can't possibly not back-track 'some' but a very steady climbing quote was happening by coincidence right after I got myself all set-up, just couldn't believe when it got so close few times to backing-up to save it all but didn't! It was dramatic in its unbelievableness!
But if you tested back-tested it cool, but in tester you only have so much ticks and you need do at open bars only and then that is not how EA will act in real life where EA is tick sensitive, so bar-wise in test may show 'oh, no problem', but in real tick life you could be only a tick or two away from closing it all out at step 10!
I convinced myself at one time martingale was the consistent holy-grail for fx, but the worst on it can happen!
Sorry to sound repeatedly harsh but its unfortunate reality of life, I think anything in life that looks too good to be true is, well, just that.
Jb

Hi Jb,

Thanks for you input and share with me and other myfxbook members about your experience on Martingale, really appreciate that. I understand your feeling when you truly believe on a Forex strategy but at the end hurt by that Forex strategy, feel sorry to heard that. Martingale strategy always will happen as you describe above - when market retrace, sometime those floating trades do not hit the TP even thought just 1 or 2 pips away and that is really really bad when at the time on step 10. This is the fact of Martingale, Martingale user really need to face it, take it and get used to this type of situation.

Again as i said on previous post, to minimize this type of situation, you really need to put effort on money management.

I am also agree on your input regarding the back test. In reality it may be different if compare to back test. Because when it is 'live', a lot of factors will affect the trading strategy.

From your case as you described above, i will review again my strategy to handle better especially on above situation. Really thank you for your input.

Regards,
SIM

Hi all,

May was a really a good month for my trading, every low DD with high return.

Started from this month I will provide signal broadcasting service. I will announce here when it is 100% ready. Currently I am still waiting for feedback from few of my testers.

For my PAMM investors, I know you guys have been asking for this service since last year November and have been waiting for many months. Very sorry for keep delaying this service from month to month, i really need more time to prepare test the entire broadcasting system. Finally, this month i will launch it.

For members here, you guys are welcome to subscribe as well.

I will announce by the day i launch it.

Warmest Regards,
SIM

Hi SIM, I visited your site

I think your system is suitable for people with min 3K account and to be profitable 6k and up

First showcase is cents accounts, im right (100 dls initial balance)?
Second showcase is the PAMM account, there are a lot of deposit/withdrawal?
Master account is standard account with actual balance of 600 dls?

Will be interesting to see how it will work for medium size accounts, please advice your first client with balance over 10k to publish his account.

This is one of the few long track record of martingale, i like martingale btw. Wich VPS are you using?

Regards
Miguel

tapachula posted:
    Hi SIM, I visited your site

I think your system is suitable for people with min 3K account and to be profitable 6k and up

First showcase is cents accounts, im right (100 dls initial balance)?
Second showcase is the PAMM account, there are a lot of deposit/withdrawal?
Master account is standard account with actual balance of 600 dls?

Will be interesting to see how it will work for medium size accounts, please advice your first client with balance over 10k to publish his account.

This is one of the few long track record of martingale, i like martingale btw. Wich VPS are you using?

Regards
Miguel

Hi,

My system suitable to any account size larger than USD600. USD600 is the minimum.
All my account linking to myfxbook is standard account, not cent account.
First showcase and Second showcase accounts both are PAMM account.
If you ask me about initial balance, then i have forgotten, maybe you can check from my account history.

For Master account, the balance will stay at USD600 forever. It is used as Master account for transferring Forex signal.
How much is consider as medium size account?
Normally i will not ask about account balance of my client's account.

Can i know other Martingale track record that you have been see with long trading record? I would like to study their trading strategy.

I am using myhosting.com as VPS.

By the way, thanks for visiting my portal, you might be 1st guy who visit it except my testers.

Regards,
SIM

Considering signal fee plus vps, 30 + 30(reliable vps ex CNS) = 60 montly expensives

you are aiming 3%, if an account with 2K reach the monthly goal the profit will be 60 dls

For a double profit of the expensives a 6K is needed

Maybe a take your value kick off to test, but i need to upgrade my vps is full right now. I visited your portal 2 day ago i think,

You are using 1:100 leverage, most of the martingale needs 1:500

Edit: monthly fee is 35

Hi tapachula ,

Regarding the cent or standard account, at page 4, first post, you can see i was telling this is PAMM account that why a lot of small deposit and withdraw all the time.

Policy of InstaForex, only dollar account can be registered as PAMM account, no matter PAMM trader or PAMM investor. So, cent account can not be registered as PAMM user.

Have a nice day.

Regards,
SIM

tapachula posted:
    Considering signal fee plus vps, 30 + 30(reliable vps ex CNS) = 60 montly expensives

you are aiming 3%, if an account with 2K reach the monthly goal the profit will be 60 dls

For a double profit of the expensives a 6K is needed

Maybe a take your value kick off to test, but i need to upgrade my vps is full right now. I visited your portal 2 day ago i think,

You are using 1:100 leverage, most of the martingale needs 1:500

   

Hi,

Thanks for the calculation for members here.
I am aiming at 3% monthly return, but from my account history you can see my average monthly return is about 8%.
I don't want to give big promise in case if i can not meet the promised return. I said 3%, this is very reasonable return and I am talking about consistently return each month, not average.

In addition, personally i really aiming at 3% return each month, anything more than that, i will consider as bonuses.

For 1st time subscriber, you only can subscribe to the kick off plan.

That is a serious and big mistake to use martingale in 1:500 leverage account. However it is just my personal point of view, no offence to other martingale user who use high leverage account. Because i always believe everyone has his own way to use a same trading strategy.

Thanks.
SIM

Thanks for the info SIM, i have never used instaforex. I wil continue monitoring your system.

tapachula posted:
    Thanks for the info SIM, i have never used instaforex. I wil continue monitoring your system.

Hi,

You are welcome to comment here.

Regards,
SIM

Very interesting,

you have to install a trojansoftware with access to your PC from their side - and they send you the signals to your PC.

I have subscribed for the 'Kick Off Plan'. But the password does not work.
I only get errormessages.

The mailsupport does not answer mails since six hours - so it does not work in reality.

seppsepp posted:
    Very interesting,

you have to install a trojansoftware with access to your PC from their side - and they send you the signals to your PC.

I have subscribed for the 'Kick Off Plan'. But the password does not work.
I only get errormessages.

The mailsupport does not answer mails since six hours - so it does not work in reality.

Hi,

You have received password error message because your trading platform is connected to the server yet.
Please allow up to 24 hours for support to reply your email.

Without the so called 'trojansoftware' you are impossible to receive the automatic trading signal, unless you want to wait for your trading signals send to your SMS or email account for 24hours per day. Actually it is just an EA to collect trades and execute it in your trading platform.

After you set the signal receiver EA into online mode, you need to inform me, so i can connect your trading platform to the server.

Thanks,
SIM

Nice.

6 hours E-Mail did not help.
10 minutes after this article here it worked. Good to know how to reach the service.

After activation my firewall asked to allow the Trojan service.

The system now works fine.

I publish my liveresults here:

https://www.myfxbook.com/portfolio/instant-forex-signal-finfx/126149