Martingale and anti-martingale.
- How do you know if you are gambling or not?
- Not the Grail, just a regular one - Bablokos!!!
- Martingale - EA Request
Good day fellow traders! I give my thoughts on the martingale system. But first, let's go over the history. They write that there was a Sir or Mr. Martin and he was playing roulette, after each loss he doubled his bet until he won. But nowadays this system is used in forex trading. I will continue soon.
Why make duplicate branches?
See, is martin so bad? Or should one know how to cook it?
Good afternoon fellow traders! I will give my thoughts on the martingale system. But first, let's go over the history. They write that there was a Sir or Mr. Martin and he was playing roulette and after each loss he doubled his bet until he won. But nowadays this system is used in forex trading. I will continue soon.
It's going to be interesting.
I'll continue the topic and edit it soon. While we are building a house in the village, I will write to you on Tuesday about what I want to tell you. It will be interesting.
I apologize for lying around like a sack on the couch yesterday.
So, I'll continue. As I understand it - the idea of martingale is based on "predicting" the future or blind faith that the price will turn around or roll back.
There is a question this: - We opened a deal for "buy" (say), and the price goes down, and after some step, say after 100pp (5-digit) open the second deal for "buy" on the martingale system, with twice the lot. Here I pop up the question - why not open in the direction of price movement? i.e. against the first transaction - it would be much more reasonable than a persistent opening against the movement of the market ...
It (the price) went down some more points (not even enough to cover losses), and turned around. What will you do?
It (the price) went down some more points (not even enough to cover losses), and turned around. What will you do?