Powerfull martingale method
Hi giode
Whether this method is not high risk transactions
thanks
iGoR is very much correct
I cannot agree more with what iGoR have said. This method is destined to completelly wipe out the account and i would add bonus - wipe the account in very short term.
If someone call something risky, there must be chance for positive result, this approach is destined to fail 100%, no chance for success.
My 2 cents to this thing,
Regards, Jay
Ea
I seem to remember a EA like this, not sure where
Here is a Ea , i have never used it
Good day.
I would like to show one of the simplyest and not really dengerouse ( as martingale is ) method of trading. This system is totally unique for the traders whose have not enought some kind of special skills of technical or fundamental analysis. All u need , just get the moment, enter to the market, carefully watch and keep patience on that. I created a picture where i tryed to clearly explain how to follow this method, see the pic below.
We all together could share with our opinions and offers how to make this mechanism more and more efective...
Explanation:
1. Ok let`s say we started with BUY possition and with 0.1lot size order and set up TP and SL as it shows above in a pic.
2. The next our move is to set up next opposite order (Sell stop) with 0.2 lot size, because all opposite orders should be two times bigger than others.
3. Ok then, if market moves down and touched Sell stop order, we have to create other buy poissition (buy stop) with the same parameters, but the both lot size`s should be two times bigger than sell orders.
So 0.2(sell lots)x2(double) = 0.4-0.1(prev buy order) = 0.3
So 0.3 is lot size for second buy stop position.
And so on and on till we get the target....
Good luck and take care with your tradesHi Giode,
If I can give you a little bit of mathematical help.
As you say forex is not predictable. But your method or results can be predicted in a 100% mathematical way.
In the same way if you go to a casino and play black or red on a roulette table, the outcome it is not predictable. In the same way It is a 5050% chance if price is going to go up or down.
You probably know if you play on a roulette, black or red (forget for a moment the zero) with a 50% probability, that one can have 15 consecutive times black or 15 consecutive times red in a row.
BUT...
I see that your T/P is smaller then your S/L. That will automaticly lead to a positive hitrate that is even lower then 50%. You need to see it in the same way as one would change on a roulette table, 20 numbers that are black and only 16 numbers that are red. Then automaticly the hitrate will be lower then 50% if you play the red colour.
This means that your positive hitrate with your forex system that has a smaller S/L then the T/P will fall seriously under the 50% and will automaticly lead to the fact that you will have a far bigger possibility to have 15 consecutive losing trades.
This means if you start off with the same sequence as you show this would mean that you have the following sequence in contract size if you have 15 consecutive losing trades:
1)0.1
2)0.2
3)0.3
4)0.6
5)0.12
6)0.24
7)0.48
8)1.16
9)2.32
10)4.64
11)9.28
12)18.56
13)37.12
14)74.24
15)148.48
16) 296.96 ??
Do you know somebody that can trade 296 full lots on the 16th trade ?...
And believe me there is no other mathematical way to look to your setup.
Friendly regards....iGoR
In my opinion and from my experience watching many traders trade while this type of method can be very profitable for extended periods of time eventually it always ends in ruin. The reason being that the number of losses your system has in a row has does not affect the odds of the next trade being profitable. Although the odds of each trade may be better than 50/50 its still like flipping a coin where the number of heads you get in a row does not affect the chances that the next flip will be tails, its always 50/50.
stand alone EA
Hi,
I have try this EA at demo account but the problem for this EA is it can only stand alone. It cannot run if other EA is running or there is another order that made that still not been close yet. Can some please explain why this happen and modified the EA so that it still can run even there's another order been made.
The problem being unless you have a bottomless pit of funding you may not be able to double down again and you will lose everything.
i have monitored M systems very long now and i must say its very good for demo and get it to priority when there is a huge floating loss and you start the system in live at 3rd step gives secure income every time
2-3 times a month
thx for your idea
To say that this hedging strategy is suited to someone with no experience with technicals thus the Market in general is absolutely ludicrous. Slot struggle with one open trade never mind 5-6, plus you'll just get wipped to death with this.
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Good day.
I would like to show one of the simplyest and not really dengerouse ( as martingale is ) method of trading. This system is totally unique for the traders whose have not enought some kind of special skills of technical or fundamental analysis. All u need , just get the moment, enter to the market, carefully watch and keep patience on that. I created a picture where i tryed to clearly explain how to follow this method, see the pic below.
We all together could share with our opinions and offers how to make this mechanism more and more efective...
Explanation:
1. Ok let`s say we started with BUY possition and with 0.1lot size order and set up TP and SL as it shows above in a pic.
2. The next our move is to set up next opposite order (Sell stop) with 0.2 lot size, because all opposite orders should be two times bigger than others.
3. Ok then, if market moves down and touched Sell stop order, we have to create other buy poissition (buy stop) with the same parameters, but the both lot size`s should be two times bigger than sell orders.
So 0.2(sell lots)x2(double) = 0.4-0.1(prev buy order) = 0.3
So 0.3 is lot size for second buy stop position.
And so on and on till we get the target....
Good luck and take care with your trades