Does a safe Martingale exist ? - page 2
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I prefer a martingale that reverses positions. Buy 0.1 lots and if the market goes down by 20 pips, close the position and Sell 0.2 lots. This leaves you with almost double the margin free, and it closes positions that are in a loss instead of holding on to them while they continue to lose more.
I am working on an EA that does this, and then when it catches a trend, it continues to build positions. So, lets say at 1.6 lots it moves up 100 pips. Then, it buys another 1.6 lots with a tight SL. At another 100 pips, it buys 3.2 lots with a tight. A great way to build very large positions.
Sorry for my very late answer.
I can give you a short answer to your question: Never ever ever trade a system that has not S/L.
A system that has no S/L is speculating that price will ALWAYS come back. But there are moments that price will not come back and your open floating losses will blow up your account. Just imagine that you went long on the eurusd the 15th July 2008 or the 25th Nov 2009 ?...
Friendly regards...iGoR
heres my theory on martingale
i use martingale, but i also take losses
what iv discovered is a simple dbling of lots isnt the way to go
i use a target, i increase enough lots to make the target reacheable
you could call it a soft martingale
with any martingale u need account management, at some point u gotta just start over
if ur gonna use martingale, u need to grow wrather fast
its ok to lose the account as long as you can dbl the account more times than you lose
making withdraws is the key, securing profits
if you never withdraw, the entire account is at stake, so youv really made nothing
the big problem with martingale is you need ur own little twist, all these traditional martingale ea's are just to dangerouse
you gotta be able to catch big trades, if you dont, the account will not grow fast enough, and youl lose
martingale to me is less risky, because i only invest a fraction of what i normally would
account management is the key
im not sure if its ok to post my link, iml give it a shot anyway
if im breaking any rules please let me know
heres a link explaining how i manage my account
Page Title
i agree with coey coey
I prefer a martingale that reverses positions. Buy 0.1 lots and if the market goes down by 20 pips, close the position and Sell 0.2 lots. This leaves you with almost double the margin free, and it closes positions that are in a loss instead of holding on to them while they continue to lose more. I am working on an EA that does this, and then when it catches a trend, it continues to build positions. So, lets say at 1.6 lots it moves up 100 pips. Then, it buys another 1.6 lots with a tight SL. At another 100 pips, it buys 3.2 lots with a tight. A great way to build very large positions.
YES, please keep me posted on your keen concept. I too have the same thoughts and want to close the losing floaters before they margin call us.
Also, your compounding method is key and ofcourse the tightening SL.
What about a marti that scalps small tp's and feasts on your large profits
depending on the position in the band or channel. And you can turn any indicator off so that the ea can trade on 1 minute very fast constantly just using the marti only. time is money.
Thanks and kudos... AAAA ++++++ let those reverse hedgers drain their margin!
how can i email just you?
the martingale i use matches your last column the best
long ago i use to dbl up
then i did like this 1.2.3.4.5.6
i found that alot safer, but eventually my target could get far away
now my martingale uses the target
my target is 100 pips
lets say the sl is 25
first trade is 1, now my target is 125, so the 2nd trade is around 1.25
after 3-4 losses its dbl, to 2, then ofcourse as you lose it starts increasing faster
still dangerouse, but you can last alot longer, keeping the target within reach
depend on personal habit and trading style (risk factor -- alpha)
after I saw some casino type , fun fair machine that get a stack of coins (2 pence, 1 pence) in a cliff, but there is secret channel that swallow coins on the edges, then I play a few time in that rock filled pier fun fair game with 5 quid
resulting in loss (still got 1 to 2 quid of coins left, I remembered), then I thought that experience is pretty like forex EA, so I am not a firm believer in EA, but amazed by martingate pdf principle, so I try various way of MANUAL TRADING and strategy that try to imitate EA basic theory
I won't tell you the result , as it does took me about 5 to 9 months to do such manual entry test
so be careful about how many trans per day, the TRUE pip costs etc, micro -- do you know some friend that do OK with your broker on micro -- as pip spread cost could be less in that type of play account to test strategies
============ still figuring out any cruise ship price tag Limit Order that I could play -- with certainty ===========
currently, I am still thinking of large GAP hedging but probably just 1 to 2 (2 is max) and then do some intervention during USA hour, i.e. manual entry and handle the whole day OPENED transaction during USA hours -- I hate to sit and stare, I probably choose Research of Microsoft to read, instead of forex fancy >> http://tiny.cc/jpy2g
I think you could use the martinagle principles in your excel and put in last few days scenario there, before choosing to try it out or not - make sure you put volatility and true pip spread cost during volatile time and true profit and true loss into consideration
i.e. do you own MATHS homework before forex trading with real money -- the trading floor traders in the brokers always right
and ask yourself simply - DO YOU KNOW YOU CAN DANCE(with the price movement that you saw)
[[ city NEW ORELEANS could claim the idiopathic british enginneers BP for punitive damages to their cities -- they just forgot how the oil rig workers spend $ like hamburg in deutschland -- sea side downtown ]]
answer is obviously cargo ship factory emulsification separation process -- on board
Mart
I applied some of the ideas here to my Mr, Martin
need help please
hi can anyone here help modify this equity manager for martingale lover v2 . I want it to recalculate every .5 seconds or so (maybe this can be customizable). I want it calculating in faster real time instead of waiting for a new tick of whatever chart to attach it to. I have observed where equity has passed thresholds, but the EA didn't update because the attached chart didn't get new ticks. Yes, I use either EURUSD or GBPUSD but believe it or not they do have quiet periods.thanks
i could be wrong, but i dont think u can in mt4, mt5 uses time though
hi can anyone here help modify this equity manager for martingale lover v2 . I want it to recalculate every .5 seconds or so (maybe this can be customizable). I want it calculating in faster real time instead of waiting for a new tick of whatever chart to attach it to. I have observed where equity has passed thresholds, but the EA didn't update because the attached chart didn't get new ticks. Yes, I use either EURUSD or GBPUSD but believe it or not they do have quiet periods.thanks
How long?
I applied some of the ideas here to my Mr, Martin
Showbaba, these 2% you made - how long the EA was run?