I am going to keep it short simple and to the point.

"Trading is SIMPLE....OVER THINKING is HARD!"

To use martingale and make it work for you...there is only 3 factors you need to consider.........

1.) Account Funds!

2.) Maximum Draw Down you are willing to let your account go to.

3.) Possible entries into a trade that your will system give in a given period.

Using martingale is not crazy nor is it impossible to make a profit. You do not need millions and billions of dollars to make it work.

When using martingale with a system...you MUST know how many possible positions you might have in that time frame.

Once you know that the rest is simple MATH!(ADD,SUBTRACT, MULTIPLY,DIVIDE)

1.) Account Funds = $10,000

2.) Max Draw Down = 16%

3.) Possible Entries = 12 trades on the H1

When finding your "Trading Capital" you need to take your total account balance and divide it by your Max RISK...

$10,000 / .16 = $1,600

So our Trading Capital per day will be $1,600.

Now that we know our max RISK for the martingale setup we know that we will make at least a X% gain on the "Trading Capital" for the day.

1, 2, 4, 8, 16............You double up your risk percent every trade till that one trade hits your TP (1:1).....Which makes your money back(if not more) and gives the % per day you wanted!

The point of this thread is to know how to use martingale SMARTLY! and to use Money Management while doing so........

As long as you know how many changes you could have in the trading system you are using...which is SUPER SIMPLE TO KNOW...and if you do not already know...Your not serious about trading and need to keep that day job!

For you that can not think of the BIG PICTURE....there are 5 trading days in 1 week...and about 20 in 1 month....So thats 20% per month or 240% per YEAR.......ROI!...Of course if you compound Daily,Weekly or Monthy instead of Yearly...you could make more...... K.I.S.S......Keep It Simple Stupid!

"Trading is SIMPLE....OVER THINKING is HARD!"

To use martingale and make it work for you...there is only 3 factors you need to consider.........

1.) Account Funds!

2.) Maximum Draw Down you are willing to let your account go to.

3.) Possible entries into a trade that your will system give in a given period.

Using martingale is not crazy nor is it impossible to make a profit. You do not need millions and billions of dollars to make it work.

When using martingale with a system...you MUST know how many possible positions you might have in that time frame.

Once you know that the rest is simple MATH!(ADD,SUBTRACT, MULTIPLY,DIVIDE)

1.) Account Funds = $10,000

2.) Max Draw Down = 16%

3.) Possible Entries = 12 trades on the H1

When finding your "Trading Capital" you need to take your total account balance and divide it by your Max RISK...

$10,000 / .16 = $1,600

So our Trading Capital per day will be $1,600.

Now that we know our max RISK for the martingale setup we know that we will make at least a X% gain on the "Trading Capital" for the day.

1, 2, 4, 8, 16............You double up your risk percent every trade till that one trade hits your TP (1:1).....Which makes your money back(if not more) and gives the % per day you wanted!

The point of this thread is to know how to use martingale SMARTLY! and to use Money Management while doing so........

As long as you know how many changes you could have in the trading system you are using...which is SUPER SIMPLE TO KNOW...and if you do not already know...Your not serious about trading and need to keep that day job!

For you that can not think of the BIG PICTURE....there are 5 trading days in 1 week...and about 20 in 1 month....So thats 20% per month or 240% per YEAR.......ROI!...Of course if you compound Daily,Weekly or Monthy instead of Yearly...you could make more...... K.I.S.S......Keep It Simple Stupid!