Download MetaTrader 5

How would a martingale strategy be implemented in forex?

To add comments, please log in or register
Ovidiu Caslariu
7845
Ovidiu Caslariu  

I was interested how there could be implemented a martingale strategy in Forex. Is there any concept of embedding both the martingale, but also follow a trend or analysis with more than 90% success rate?

Tomas Rodriguez Doherty
8656
Tomas Rodriguez Doherty  

 martingale system is  easy to implement in many ways. 

You can either do it by duplicating size lots randomly.

 

In this way. You set a Buy of EURJPY, ok 0.01 lots. SL 15 pips down, TP 15 Pips up. This would double the 0.01 lots. 1 euro....

If you fail. you bet again to EURJPY at 2 to 1 odds that is 15 pips again but double the Lots 0.02.

If you fail again ok. if not you will end up winning 1 euro after many tries. that is the initial 0.01 lots

 

This is like the casino martingale.

 

If u use a more complex version of the Martingale system You can use indicators to follow a trend and make sure you do not need to double your money.

Which is not easy, but at least if you mmake a wise decision when choosing a direction you will need less trades to gain that extra money 

Ubzen
5394
Ubzen  
MetaSky: I was interested how there could be implemented a martingale strategy in Forex. Is there any concept of embedding both the martingale, but also follow a trend or analysis with more than 90% success rate?
  1. Martingale is a Negative_Progression type Betting_System which Double the Last_Bet after a Loss. Ex: {1, 2, 4, 8 ,16}
  2. There are other types of Progression Betting including Fibonacci {1, 2, 3, 5, 8} and 123_Sequence {1, 2, 3, 4, 5}
  3. Martingale could be used as Positive_Progression where you move to next level after a win & reset after a loss.
  4. Most traders refers to every form of Progression under the general term of Martingale.
  5. Martingale is often combined with Averaging but can also be used with fixed Stop_loss and Take_Profits.
  6. Martingale cannot be used to increase the Win-Rates, It can be use to influence the Average-Win.
  7. To influence the Win-Rates (Statistically), you generally look for Small Tp and Larger Sl.

You have allot of choices. You can place 1_Deal at a time. You can Average_In or Average_Out. You can use Stop_Losses or None. You can use Take_Profit or None. You can make the SL>=TP or You can make the SL<=TP.

If you just influence the WR with Sl_TP you'll end up losing in the long_run. You need to make some good calls which tilts the advantage in your favor. You can try being correct about Direction. You can try being correct about Ranges. You can try being correct about Trends. 

Ovidiu Caslariu
7845
Ovidiu Caslariu  

Would there be any gain if I stop loss or simply double the volume and let also the previous orders run?

Ubzen
5394
Ubzen  
MetaSky: Would there be any gain if I stop loss or simply double the volume and let also the previous orders run?
You'll have to Test it. You can perform such tests using Demo or Strategy_Tester. I'll recommend the Strategy_Tester.
Ovidiu Caslariu
7845
Ovidiu Caslariu  

I tried but doesn't seem to have good results. Does anybody knows of an EA in this regard?

Ubzen
5394
Ubzen  
MetaSky: I tried but doesn't seem to have good results. Does anybody knows of an EA in this regard?
The code bases are full of Stop_loss and No_Stop Systems. If you're asking for ones with good results then sorry I'm not aware of any.
Ovidiu Caslariu
7845
Ovidiu Caslariu  

Maybe a system derived from it or which embeds other algorithms as well for optimization?

Ovidiu Caslariu
7845
Ovidiu Caslariu  

Looking for a martingale grid EA strategy if anyone has any ideas on how should be and where could I find it.

Alain Verleyen
Moderator
32377
Alain Verleyen  
What Is a Martingale? - MQL4 Articles
  • www.mql5.com
What Is a Martingale? - MQL4 Articles: automated forex trading
Dua Yong Rew
5475
Dua Yong Rew  
MetaSky:

Looking for a martingale grid EA strategy if anyone has any ideas on how should be and where could I find it.

You can let us know more details instead of a general name like martingale grid
12
To add comments, please log in or register