Does a safe Martingale exist ? - page 9
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yes it does exist, martingale should be ok if sl is maintained.
There is no safe martingale, they don't even use the method in gambling any more.
You can't use a stop loss either, that's the whole point of it.
There is no safe martingale, they don't even use the method in gambling any more. You can't use a stop loss either, that's the whole point of it.
they do not allow sl in forex? which broker is that?
they do not allow sl in forex? which broker is that?
Of course you can use a SL in forex. The whole point of the Matingale strategy does not use a SL.
SL is not so safe in forex.
Google: "stop loss hunter"...
You will se that it is safest do not send a SL order, the best way to avoid scamm is use some kind of script or EA to manager your stops.
Of course you can use a SL in forex. The whole point of the Matingale strategy does not use a SL.
SL is not so safe in forex.
Google: "stop loss hunter"...
You will se that it is safest do not send a SL order, the best way to avoid scamm is use some kind of script or EA to manager your stops.Only if you are with a scamm broker any way.. A good broker with ECN or STP will re route your order to market place any way, they have no interest in hunting youre stop..This is newbie myth..If you have to worry about this its time to find a new broker and there are other ways the can scam you, but you should know all of these..Just pick a good one, not surprised that some of you get scammed when you join with brokers in Turkey, Mauritius and so on, come on use you're head.
Any way topic is about Martingale,and no there is no safe Martingale.
Semi Martingale
A totally safe Martingale certainly does not exist.
Martingale refers to a class of betting strategy. 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.
Applying this strategy in trading, Martingale system should provide high win/loss ratio, but eventual "total ruin" is always a possibility which can't be eliminated.
Many traders experiment variations of Martingale in an attempt to solve this problem, for example, decrease the increase amount of the lot size, limit the number of continuous cycle which Martingale can apply, however, these methods, in my view, decrease the effectiveness of using the Martingale strategy.
I have provided another semi Martingale EA in below thread. Post 37-40. That will be an example of such effort, while max risk is defined, the trade off for high win ratio is the larger single loss compared to the smaller win. This strategy is sound within the Martingale frame, if you know what you are doing.
https://www.mql5.com/en/forum/181176
The reason I'm giving out these system is for traders to experiment Martingale so they fully understand the effects before implementing to real trading, because from my experience there are a large number of traders are very interested in this type of strategy. So feel free to try it out.
Thanks,
Christina
A totaly safe Martingale does not exist as there is also not a totaly safe way of normal trading...
The moment you start to trade or invest your money you are exposed to risk.
If you do not want to expose yourself to risk then you need to leave your money in a saving account. And even then you are not risk free...ask the people from Iceland ( 3 years ago several banks went bankrupt).
At this moment I am following a system that I develloped in combination with a martingale that I calculated. It runs on a 5min. chart.
My avg loosing trade is -12 pips (spread included).
My profit target is 85pips.
I have pushed this calculation to the extreme edges of trading. Meaning if I would have 29 consecutive losses!! I needed to survive that.
As you can see the 30st trade would be with 3.3 lots if I started off with 1 mini lot from a 10K account. My DD would be on that moment 27% BUT with 1 single profit target I turn my drawdown into profit.
Needles to explain that an 85pip move up or down is nothing special or extreme but a normal move that one can expect within 10 days trading on the euro. And that 85pips move does not need to be in a couple of hours but can be spread over several days.
As long as I stay under 20 consuctive trades (which is more then normal) then I never go over 1 lot and my DD is never bigger then 8%.
My avg profit per week = 3%. Multiply that with 52 weeks and you know what to expect reward/risk wize on a yearly base.
I hope this will inspire some of you.
Friendly regards...iGoR
There is no safe martingale, they don't even use the method in gambling any more. You can't use a stop loss either, that's the whole point of it.
Thats because with traditional casino gambling the house sets table min and max in order to prevent martingale traders from cleaning them out. The house also always has an edge and you can never really beat that at most table games (like the infamous 0/00 in roulette). The house does this because the money lost comes out of their own vaults.
Forex brokers are similar to poker halls. The broker (aka the house) provides a place for traders (players) to compete and in exchange they take a small fee with each pot.
Also in forex...
>no table max/min
>besides spread there is no real house edge
>you are competing against other traders
Martingale is as good as dead for gambling but it is still plausible for trading.
Understanding
Thank you IGOR for this wonderful thread and your grand intro or entry,am a big fan of forex-tsd though i don't post much but i read a lot at least i have been around since 2008, i have read a lot about martingale and other betting systems like D'alembert, oscar grind, parley just to name a few.the thing is that martingale is super cool if you have $1,000,000 in your trading account and you are using 0.01 lot to trade which is really dumb to think of at all.i did notice that after reading through the thread a lot of people don't understand where you are coming from nor where you are going to with the thread,its not about martingale,we all know it blows accounts to thy kingdom come but its about coming up with ideas that look like or resembles martingale. martingale sequence numbers are 1,1,2,4,8,16,32,64,128,256,512, from my research i was working on the fibonacci sequence numbers which are 1,1,2,3,5,8,13,21,34,55,89. notice that the 11th number of 51.2 lots against 8.9lots are pretty much far apart then i saw Igor's number sequence which are 1,1, 2, 3, 5, 6, 8, 11, 15, 20, 2.7 , you can imagine the difference between these last figures 51.2lots(martingale),8.9lots(fib sequence) and 2.7lots(IGOR Sequence) applying the SL/TP of 20/60 which stands for an RR of 1:3 is brilliant. but i guess that in other for this system to work one must look at what trading strategy to use that wouldn't give into a lot of consecutive losses, if the losses stay with 7 to 8 consecutive loss or less then i must say it would make a Hell of a system, another issue is the currency pair to trade it while GBP/USD, GBP/JPYfor example kind of spikes a lot which might trigger the SL often, it would be wise to find a currency pair that is moderate but have the momentum to hit 80pips or 100pips easily. other matters arising would be dealt with as they come.i hope my contribution was meaningful.