Why people are still trying Martingale Systems? - page 2
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Thanks Bluto and David for answering as you are I guess the main people who work on these systems.
It is very understandable that you are confident on these systems considering the amount of work you have put in.
But I would like you to give your opinion on my point 3 which was: even if you get a winning system I don't think that any broker will let you run it for more than few days.
Do you think otherwise or do you have any experience contradicting this?
Thanks
But I would like you to give your opinion on my point 3 which was: even if you get a winning system I don't think that any broker will let you run it for more than few days. Do you think otherwise or do you have any experience contradicting this?
Just get a good broker. A good broker won't boot you for making money. And yes, my experience contradicts this.
Just get a good broker. A good broker won't boot you for making money. And yes, my experience contradicts this.
I didn't mean just for making money I meant making money using a martingale/scalping system.
Could you share with us what broker you use and that allow profitable scalping in an automatic mode? Thanks.
Hi Jlpi
Can you explain anti-martingale system? I would like to code such a system and give it a try.
Thank you.
IBFX allows automatic scalping. A friend of mine has been trading this way for some months now. No problem so far.
IBFX allows automatic scalping. A friend of mine has been trading this way for some months now. No problem so far.
Absolutely right. Maringale, if it works, why not?!
Regards,
David
Hi Jlpi
Can you explain anti-martingale system? I would like to code such a system and give it a try.
Thank you.At the opposite of the martingale that increases (in general doubles) the lots size after a loss, the anti-martingale does the opposite it decreases the lot size after a loss and increases after a win.
As most of the systems have a lot size calculated according to the equity or margin it follows such kind of rules.
Other systems really decrease strongly the lot size after one or more losses.
The winning EA of the Automated Trading Championship worked like that and he was lucky with that because at the end he had a string of bad orders but the lot size was so small that he remainded ahead.
Anti-martingale
Hi Jlpi
Can you explain anti-martingale system? I would like to code such a system and give it a try.
Thank you.My understanding of anti-martingale is when you double up from the winnings making the broker carry the risk.
I used to gamble live in Casinos playing craps and doubled up with the winning bet for three wins then take out the original bet and let it ride a couple more.
A lot safer than going the distance until hitting the table limit playing double up the losing bet with martingale.
yeoeleven is the stickman's call for a 6 & 5 roll.
John
IBFX allows automatic scalping. A friend of mine has been trading this way for some months now. No problem so far.
OK thanks for the info
Thanks Bluto and David for answering as you are I guess the main people who work on these systems.
It is very understandable that you are confident on these systems considering the amount of work you have put in.
But I would like you to give your opinion on my point 3 which was: even if you get a winning system I don't think that any broker will let you run it for more than few days.
Do you think otherwise or do you have any experience contradicting this?
ThanksA broker isn't going to shut you down just because you have a winning system as long as you're playing by the rules (not scalping, etc.) For every few traders that can consistently win, there are gobs of other traders that continuously lose money and go bust. At the end of the day, the profit scale tips heavily in favor of the broker, not to mention all the spread and slippage they earn from every trade placed. It's quite like a casino although we don't like to think of it that way. Trading Forex successfully over the long haul. either manually or automated is hard work and it takes lots of education, training, persistence, trial & error, school of hard knocks, and patience to get it right. It's not impossible to be a winner but most lose because they fail in one or more of those attributes.
When the day comes that everything turns around and winners outnumber losers, market volatility will become so erratic that price charts will look like graphs of white noise from some radiotelescope.