Does a safe Martingale exist ? - page 21
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1 2 4 8 vs. 1 2 3 4. First is Martingale, second is not.
It can work only if you execute trade on each price level with certain degree of certainty (I'm talking about a probability here).
You need to make sure your algo execution is not random that it executes with a strong probability of the market reversing, you can find out the algo win% through back testing.
You can simply start this off with an oscillator indicator and then rolls your idea from there. I think people misuse martingale because they don't incorporate a probability into their equation.
- their account balance will end. It's just a matter of time.
make sure they are able to see the market direction correctly.
- they should not trade on a real account.
- their account balance will end. It's just a matter of time.
make sure they are able to see the market direction correctly.
- they should not trade on a real account.
Not true...
Exactly the opposite...
It is supposed to work in both directions simultaneously so that you can profit from either side of the market regardless in which direction the market goes!
It can work only if you execute trade on each price level with certain degree of certainty (I'm talking about a probability here).
You need to make sure your algo execution is not random that it executes with a strong probability of the market reversing, you can find out the algo win% through back testing.
You can simply start this off with an oscillator indicator and then rolls your idea from there. I think people misuse martingale because they don't incorporate a probability into their equation.
Yap it always helps to be on the right side of the market!
Not true...
Exactly the opposite...
My post was meant to advise people not to use martingale, but you can't find my point.
It is supposed to work in both directions simultaneously so that you can profit from either side of the market regardless in which direction the market goes!
Please prove it on your real account within a period of 6 months to 1 year,
for sure I will appreciate it :)
Kind regards.
To give a short answer to OP's question: yes it absolutely does exist, but the algorithms are so insanely complex that the acquisition or subscription costs are unaffordable for the retail trader. This is why you won't find any martingale EA here that truly works profitably in the long-run.
When I worked in the derivatives department of my previous employer, an investment bank, they acquired a martingale trading bot from [Redacted] (the IB developed the algo, while [Redacted] was commissioned to code it). Guess how much they paid for it? $15 mio. net of taxes (and this does not account for the 9 years of continuous R&D funding to even come up with that algorithm) and ever since then that piece of software has become the main cash cow for the derivatives segment of that investment bank. When I left, that bot was running for three years and already made 10x the purchase price in net profit. I'm pretty sure if my previous employer ever sells that asset to another IB or HF, they wouldn't sell it under at least a couple billions of dollars. Kind of insane how a 960kB piece of code can make you $150 mio. in net profit.
So yeah, safe martingale absolutely does exist...but not for you and me ;-)
My post was meant to advise people not to use martingale, but you can't find my point.
Please prove it on your real account within a period of 6 months to 1 year,
for sure I will appreciate it :)
Kind regards.
Martingale wont hold long term as you mention but marti is just a simple double the last lot.
If you use progressions with small multipliers and initial lot size like .01, it can be done.
And im 100% sure of that :)
To give a short answer to OP's question: yes it absolutely does exist, but the algorithms are so insanely complex that the acquisition or subscription costs are unaffordable for the retail trader. This is why you won't find any martingale EA here that truly works profitably in the long-run.
When I worked in the derivatives department of my previous employer, an investment bank, they acquired a martingale trading bot from [Redacted] (the IB developed the algo, while [Redacted] was commissioned to code it). Guess how much they paid for it? $15 mio. net of taxes (and this does not account for the 9 years of continuous R&D funding to even come up with that algorithm) and ever since then that piece of software has become the main cash cow for the derivatives segment of that investment bank. When I left, that bot was running for three years and already made 10x the purchase price in net profit. I'm pretty sure if my previous employer ever sells that asset to another IB or HF, they wouldn't sell it under at least a couple billions of dollars. Kind of insane how a 960kB piece of code can make you $150 mio. in net profit.
So yeah, safe martingale absolutely does exist...but not for you and me ;-)
Thats cap, they do exist.
Tons of grid-mult systems do the job, even here in mql market for free.