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ForexDave1  
Good performance on a OANDA demo account. So far after a few weeks, 20% peak drawdown. However, needs to have option for FIFO compliance for US based trading accounts.
ForexDave1  
ForexDave1 #:
Good performance on a OANDA demo account. So far after a few weeks, 20% peak drawdown. However, needs to have option for FIFO compliance for US based trading accounts.
I figured it out as far as FIFO compliance. As long as the lot sizes are different amounts, then if you have more than one open trade per pair, then it doesn't matter in what order they are closed out.
ForexDave1  
ForexDave1 #:
I figured it out as far as FIFO compliance. As long as the lot sizes are different amounts, then if you have more than one open trade per pair, then it doesn't matter in what order they are closed out.
Just another update. Running AFSIDA on a demo 100K account. So far in two weeks, up 25%, drawdown peak so far is about 20%. However with any Martingale system, they work great until they don't and hopefully they don't kill your account. Make sure you have at least $3K per chart so you can handle the drawdown. Most trades stay in drawdown for a few hours.
Timothy Youngblood  
ForexDave1 #:
Just another update. Running AFSIDA on a demo 100K account. So far in two weeks, up 25%, drawdown peak so far is about 20%. However with any Martingale system, they work great until they don't and hopefully they don't kill your account. Make sure you have at least $3K per chart so you can handle the drawdown. Most trades stay in drawdown for a few hours.

Please note this martingale really is not your typical martingale... the multiplier/step options on the set files provided show significant differences...

forextrade965  
lrae2007 #:

Please note this martingale really is not your typical martingale... the multiplier/step options on the set files provided show significant differences...

I've been trading Forex off and on for 20 years. Martingale, no matter how "different" this is - its still the same principal. Even a less aggressive Martingale will fail when a market trends in the wrong direction of your trade for a few months. Most people use too high of lot sizes vs. balance and will go into margin call and eventual account reaching close to ZERO balance. As I said, Martingale can work nicely in a ranging market, but when it changes to a major trending market and your on the wrong side, its going to get ugly. The only way to survive and make decent money in Forex longer term is ONE trade, long or short, at a time per pair, with a Stop Loss and Take Profit. No Grid. No martingale.
Timothy Youngblood  
forextrade965 #:
I've been trading Forex off and on for 20 years. Martingale, no matter how "different" this is - its still the same principal. Even a less aggressive Martingale will fail when a market trends in the wrong direction of your trade for a few months. Most people use too high of lot sizes vs. balance and will go into margin call and eventual account reaching close to ZERO balance. As I said, Martingale can work nicely in a ranging market, but when it changes to a major trending market and your on the wrong side, its going to get ugly. The only way to survive and make decent money in Forex longer term is ONE trade, long or short, at a time per pair, with a Stop Loss and Take Profit. No Grid. No martingale.

The recommended time frame is 1HR. What happens over a few months is irrelevant. The calculation is on ATR which limits the extremes per time frame right? 

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