Martingale EA - page 136
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Interesting to see this thread jump alive again after so long. I had pretty much given up on any martingale strategy, don't have the stomach to withstand the potential huge draw downs.
There must be a way to tame this completely random market to some form of exploitation right?
I'm afraid martingale is probably out as a reasonable solution.
Interesting to see this thread jump alive again after so long. I had pretty much given up on any martingale strategy, don't have the stomach to withstand the potential huge draw downs.
There must be a way to tame this completely random market to some form of exploitation right?
I'm afraid martingale is probably out as a reasonable solution.I think you're giving up too early. With good money management and combining the martingale with support/resistance indicators, and ATR this can be successful in the long run. I've restricted my orders to 7. After that I'm out before blowing up the whole account. My first oder only starts at the S1 or R1 and my 7th order ends at the S3 or R3. You can use the ATR as guide for limits.
Even if you're 7th order is a loss. That's ok. In the long run you still profit.
I view the 1-7 orders as one trade.
Enjoy trading.
I think you're giving up too early. With good money management and combining the martingale with support/resistance indicators, and ATR this can be successful in the long run. I've restricted my orders to 7. After that I'm out before blowing up the whole account. My first oder only starts at the S1 or R1 and my 7th order ends at the S3 or R3. You can use the ATR as guide for limits.
Even if you're 7th order is a loss. That's ok. In the long run you still profit.
I view the 1-7 orders as one trade.
Enjoy trading.I forgot to add ... I don't trade if the daily range is higher than 200.
Hey Wolfe can you explain what a martingale EA is and how it works?
Martingale
I have been trading a Martingale for several months in a live account. There are many horror stories about this strategy and all I can say is that I have had some scary days, it comes down to how deep your pockets are.
One major issue that I have with this EA is that I HAVE TO choose which direction I want to trade (Long or Short) what I want is for the EA to enter a trade based on current trend (hourly). Once all of my trades close I want the robot to open in the direction of the current trend if it has changed.
Has anyone seen anything like this?
Thank you!
Hey Wolfe can you explain what a martingale EA is and how it works?
Martingale system has widely used sometime ago on casinos. The teory is simple: you bet once, and lost, then double bet second time, 4 bet third time, 8 bet fourth time... until by probability you win, covering all losses. You just need to start little and have enough money in your pokets. That's why the casinos puttted a limit on the bets.
On financial markets, thats similar. For example, you start with 0.1 lots, with a TP of 20 pips and a large stop loss. then each 20 pips, you open a trade doubling the previous lots, until the trend changes, take the profit of the last (larger) trade, and close the others.
There are a variety of strategies based on the same, for example not doubling (factor x2), just applying a factor of 1.5; other strategy is to vary the distance between pips (a bigger lots, bigger distance).
I used a lot 10points3 Martingale EA, with nanolots (0.01 lots) and a large account, but in the end is too risky to trade like that.
Regards,
Marcel Corzo
alternative approach to martingale-based EA
hi,
after reading posts about martingaling systems, i have come to realize that most rely on guessing an initial direction (e.g., wolfe's system) and then betting on that same direction thereafter. after each losing bet, the trade size is increased by a certain factor.
is it not possible to apply martingale money management strategy instead on a trading system that does not have to guess an initial direction... for instance, if an EA/system trades eurusd long at this moment in time and loses, and it decides to short eurusd subsequently, the martingale approach is still applied...
as commonly stated, the real weakness of the martingale as applied to forex is that trends could last longer, which means a higher chance of experiencing long losing streaks... why not just create a trading system and then apply martingale as a money management approach? i wonder if anyone here has done that?
i await your replies and feedback
Martingaled EA 10points3 uses EMA crosses to enter trades, a commonly used system to get into a trade for many systems. Obviously if you haven't the correct setup for those EMAs, as 10points as any other system could fail to enter in the correct trend way.
Martingaled EA 10points3 uses EMA crosses to enter trades, a commonly used system to get into a trade for many systems. Obviously if you haven't the correct setup for those EMAs, as 10points as any other system could fail to enter in the correct trend way.
I have been using martingale very successful...you have to combine it with a good strategy...no guessing. I only start my first lot when I have a strong signal...
Hi Folks,
I am late to join this thread. Have played around with writing an Ea similar to this one (from what I have read) and would like to contribute however I can.
What would be a good starting point to become familiar with this EA (i.e. version, set files, etc) ?