DislikedI really do not know why you beginners investigate Martingale. As you already said, for Martingale to work you would need unlimited capital.Ignored
I will never use a stop loss, as I wait my account to get blown 4 replies
Stop loss modified by a trend line 0 replies
Developing algo for Modified Bollinger Band Scalping Strategy 3 replies
Stop loss or Take profit modified when balance increases? 3 replies
Modified Priscan 6 replies
DislikedI really do not know why you beginners investigate Martingale. As you already said, for Martingale to work you would need unlimited capital.Ignored
DislikedWhat if there is no trend at the time you're trying to "take an order in the direction of the trend"? Then you would keep switching sides at ever increasing lot size in a desperate attempt to cover your previous losses. I would think it would be less painful if you just accept the first loss and move on. But maybe that's just me.Ignored
DislikedHi Poltroni,
Thanks for sharing. This would not work with US brokers as if I have a "Buy" position as per your pdf, and if starts to go down before reaching TP, my "Sell Stop" will Not be triggered at 1.9800 as I still also have a "Buy" which will close at SL of 1.9770. This is because US brokers don't allow a buy and sell position at the same time.
Can u clarify or am I understanding this incorrectly?
Thanks again
ff2kIgnored
DislikedHi,
if u trying this system the 26 june 2012. What is the result ?
S.TIgnored
Dislikedff2k,
you missed 2 points. I have mentioned in the original post that we will NOT deal with the system as mentioned in the PDF. there will be NO stop loss or take profit due to the spread. all your orders (both buy & sell) should be closed once your BASKET of orders reach a profit equivalent to 25-30 pips.
As for US brokers, this might be the case but there are alot of other brokers who allow hedgingIgnored