Martingale easy rules
I just want to share this simple EA which i have made last night also to show you guys that math always wins and hopefully we can find some improvements.
Buy and Sell at moving average cross over (set to 9 and 30)
stop loss 425
take profit pips 600
if stop loss was hit on last trade, double the lots.
if take profit was hit reset lots back to 0.01
It doesn't make you a millionaire as far i can see so far, but it does do profit and I hope to get some good input from you guys and maybe also some more accurate test results.
For now i share the compiled version, but might share the code later, just see where it goes.
Edit; change moving average to 30 instead of 50 for results test 2
Strategy Tester_ trendFollowing.pdf
I am eagerly watching this thread, subscribed!
Good luck to everyone, because Martingale is a hard pavement. Subscribed
In order to be a lil more conservative, can ea be made adding a 1 lot size instead of doubling it?. I've been experimenting it and think it worth a try, also ea need ability to start and stop trading at a pre-defined hours.
This system gets absolutely obliterated in 2014 with EURUSD.
Which is what happens to most martingales eventually.
According to me from all its looks complicated , subscribed
Watching with interest.
Nice work on putting together an EA to share with FF. Just carefully consider all the math of doubling.
Question to ask yourself: How many losses in a row are possible with this EA that has a success probability of ~42% after taking 100, 400, 1000 or even 2000 trades?
Then you will have an idea then of what to expect. I will give you a hint for 2000 trades: It is highly likely to encounter at least 14 losses in a row. The lots needed at 14 losses if doubled is 1638.4 (@ ~$350/ Lot = $600,000 in margin Min @ 500:1 Lev..) Just so you can get to B/E +1 and ever 1 pip movement is ~$16,000...Just watching that would make most traders sick.
Hope this helps with thinking about what are the current limitations of this EA. Math does win, but only if we ignore other factors (commissions, slippage, Lot limits, open trade limits) and have unlimited balance at the disposal to maintain margin.
How to improve: I don't support martingale, but if you want to continue down this path I would suggest to really focus on success rate to reduce the Max no. of expected losses in a row. This will in turn reduce how much you need to double before you can not further.
I have heard that this approach is extremely dubious and complicated and does not allow you to save your money at all. But as this review has shown, the most important thing is to understand the mechanism and make competent calculations so that you can clearly understand what amounts and when you can use them in the market. Because in fact, any approach or tool that you do not fully understand can be the very reason that prevents you from understanding the market and getting the desired income. So I would say that the market is not a place for skepticism or irony, but it's a definite experience for constant study and development, because you can always find something new and unexpected here. And this is the most important motivation, which should motivate the trader to work, and money of course
No fucky betting scheme will turn a losing strategy into a winning strategy, but it can turn a winning strategy into a losing one. Being retarded and using shit like martingale is only shifting the way the inevitable implosion will express itself.
I see many people criticize martiagle as bad. But, some accounts I find profits are there.
Martingale is profitable but really dangerous. One day you can lose everything playing with Martingale. So be careful friends!
Hi im a fairly new trader Starting off with cryptos but trying to gain forex knowledge off my own back, just a quick question for anyone willing to answer
if i have opened a buy trade On GPB/USD at 1.2368 with
With 1.00 lots
how much margin will this require?
i am struggling to work out how much of my balance it will cost make a trade
I did make £42 profit on this trade however i know it is very risky as the leverage is quite high only noticing after i made the trade as its a demo account now i am using 1:20 leverage but someone please help me work out how much it is costing me in actual pounds to make this trade thanks
1 lot of GBPUSD is 100000 units of base currency, i.e. 100K GBP. With 1:100 leverage it will lock 1000 GBP / 1.2368 = 808 USD of your balance as margin.
Appreciated very much i thought it was more simple than i thought, thankyou thought all the best
So often on this forsaken forum I see people talking about leverage in ways that just don't resonate.
Unless my brain has fallen out of my ass (possible) then mentioning leverage here is no more relevant than mentioning the ratio of noodles to soup in my pantry.
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