Disliked{quote} Magix, Perhaps I am too wordy and theoretical. So I’ll start calling a spade a spade. Anybody — even me — can trade a $500 account, take all the risks they want, and when they blow the account, they can easily forget their failure, re-fund the account and start over. Then, when the new account is in profit, they can jump onto FF and tell everybody that their money management is a winner. OK, let’s forget theory then, and talk about the real world. I don’t want to pick on you, but your TE just happens to be a perfect example of what I’m talking...Ignored
Here's the thing, David...
This is actually 3 EAs running a Martingale styled approach on a $500 account...and I 100% agree that I wouldn't take the same approach with a million dollar account...these kind of draws belong to the government and wallstreet.
So, is it the single EA that is drawing excessively, or the combination?
You don't actually know, do you?
All you are looking at is a single picture and drawing blind conclusions...this is the SAME market ignorance that actually creates losers, out of the best of intents.
David...I do believe that you have tried trading, but currently do not. And though this may not seem to be an issue, it actually is.
If we all read the same books and all knew the same theory on trading, would we all trade the same way?
You have miss-read me, grossly.
I am not selling a system nor service. Not trying to gain support on martingales nor their amazing performance...
All I am simply doing is trying to provide information that would allow others to make a decision for themselves.
As a non-trader, or perhaps somebody who has had their ass handed to them in market, this is something you should appreciate. Taking the time to experience the market from an actual trade perspective and apply information as is seemingly relevant, is the key to longevity in the market.
Reading a book and quoting statistics, is the key to longevity in ForexFactory.
The thing is, I really don't give a shit if people win or lose...don't even care how they trade, what they trade or why.
What I do care about is, that somebody who has a limited realm of applicable knowledge in the field, is trying to dictate to the masses how they should apply their funds. This in every same way that I don't want a doctor who has no experience in surgery, but has read the writing off of the pages of the procedure.
There is zero value in this.
It's not just martingales, David.
It is everything that can be viewed, tested and tried in the markets.
The reason for so many threads, is that each individual brave enough to trade and open a thread has gained their own market optics. It has been without the benefit of you giving a statistical analysis of what won't work.
Without saying, "Shut your Pie Hole, you Blowhard", I do really actually wish you would be more selective in your battles and encourage education over a dictatoresque, know it all, style of posting.
But, that's just my dos centavos.
From here forward, you can add me back to your iggy...I will keep you on mine.
And we never have to touch these subjects as applied to each other again.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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