HolyGrail with Martingale Systems - page 3
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Here is a statement iam testing since 17/07/2007 on 4 pairs with 300$ Demo. look at the drawdown very small. i know 300$ is not enough for 4 pairs, but i tried to use less margin and see how the ea is handling. but i think you can easy handly 2 pairs with 500$ because you have maxtrades 9, and that means it will open the 9th trade with 2,56 lot which is 256$ Margin.
sorry to disappoint, but I would bet on how fast your account will get wiped, I think it can even be before august. You are very heavily undercapitalised for such way of trading, and when calculating margin requirements think also about negative floating loss you will be having. When you reach say 7th increment, your highest position is 0.64 lots, and your total exposure is 1.27 lots. On eurusd this means 12.70$ for pip. With 300$, you will loose everything on 18p movement, not to mention already used margin and loss, accumulated with previous increments.
Your wasting your (well intended) breath, easy answers are what people want!
A better bet would be how many martingale threads & blown accounts do we need before people stop beating this dead horse.
dont be so rigid guys, it styfles creativity.
I thought I was attempting to stifle stupidity.
no ur not stifling stupidity ur propagating it.
How'd ya figure that?
fxinthecity
Hi fxinthecity,
Have u used and the settings you provided on a LIVE accaunt ?
If yes , could you post your statements.
Thanks
Your wasting your (well intended) breath, easy answers are what people want! A better bet would be how many martingale threads & blown accounts do we need before people stop beating this dead horse.
LOL they stopped beating it in the late 18th century in France but somehow its been resurrected.
Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. Since a gambler with infinite wealth will with probability 1 eventually flip heads, the Martingale betting strategy was seen as a sure thing by those who practiced it. Unfortunately, none of these practitioners in fact possessed infinite wealth, and the exponential growth of the bets would eventually BANKRUPT those foolish enough to use the Martingale. Moreover, it has become more impossible to implement in modern casinos, due to the betting limit at the tables. Because the betting limits reduce the casino's short term variance, the martingale system itself does not pose a threat to the casino, and many will encourage its use, knowing that they have the house advantage no matter how much is wagered nor when.
''u must take ur profit every month or week and don't let it or u gonna lose it all one day''. regards
With the right account protection functions, you could simply limit the amount of money the EA has access to. When the EA oversteps its limits, you just make it close all trades and prevent it from making new ones.
craig im just playing nevermind all that..
guys here is an idea from minime, that could potentialy be a solution for the drawdown blowout problem with martingale EAs.
what do u guys think?
do u need me to explain the pdf?
i made the EA of this idea but i was getting some errors should be quick fix tho. maybe someone with more experience can help.