8 Years Later - Still Not Winning

Why, is my account not growing fast enough for you?

20 loss strike is a certainty with your Xmas tree flashing lights bling bling charts. I don't even look at those when making a decision to trade. Could you survive placing trade without looking at a chart. Doubtful. Anyways I don't trade probability so you are really pulling at straws

I'm interested to know why you think that is. Or are you just regurgitating what you read elsewhere?

Either that or he has blown accounts trying.

then tell the people that you have done this with a small account, any worker would have won more then you with investing time in working against your trade... wow.....
sometime you should learn basics, opportunity cost calculation should show you as big loser not as winner. thank me later for helping you again. so , now its time you learn the bascis and come back later and write not so many mistakes.... thanks me also again....

by the way: when you learn trading later in some years, you will see, your funny sentence with martingale for timing accurate entries is bullshit ,simple math problem.....
maybe you dont want use martingale and only a splitted trade of one special size in some parts, whats different then generall martingale with buying until the end...... but even this is wrong what you learn later....... later you learn how to calcuate that your entry was not this perfect and maybe always 10 pips later would be better then you would invest.... i cant say excatly because i dont know your strategy, but 100% sure it can be much better result with less drawdown with 1 trade invest (the full amount in one trade) against splitted investing (full amount splitted in many trades in different levels)... with time you will learn this, this is no topic for first year trading (you cant see this and cant understand so), only when you would have learned the basics...... and any post from you show you did not learn it, or you would know such easy rules already.....however, you dont liked to be corrected and you dont like help..... so my text is usless for your ears....

Too funny. But good for you @OutThere, if that chart you showed is real, then power to you.
Anyway explain to me in simple layman terms what martingale is like, Im unlikely to try it, but im curious. Maybe some of its principles may help me in my trading stragies.

So about Martingale. Like lets say you have a pair EURUSD, and you enter long position, if the trade start showing a loss, you enter another trade in the same long direction with a double lot?. And you continue doing that until a winner trade is found??? Do you close losing trades or you survive through huge drawdown, until price turn around and close with profit. Is this martingale or im I way off??

Is this hedging or its different?? If different, how?Thanks.

And @Dukas and @Echo,maybe take the beef to private messaging, lets get back to topic please.

I have made 159% in the last 15 months and you're trying to tell me that I am a loser while sugar coating it in opportunity cost bullshit. You really have shit for brains.

Jeez, it's real. It's demo real.
Are people out there so skilled and so dedicated to deceive that have created software that fakes MT4's detailed statements? I so, show me one of those faked statements.
I once bought internet service from a none big name and they sent me a receipt for payment by Paypal. I never used Paypal to pay them. I asked Paypal how it was possible. They said I could upload the receipt and they can analize it to see if it was fake or not. It came up fake. So I guess there are fake Paypal receipt software out there. have they made them fpr MT4 statements too now?

However, in the name of research, I will upload the same account's up to date statement. (Yah I have been faking the statement all this time just so I can deceive ppl again!!!!!!!!!!!!!)

One little shocker: I am using this in a real account too and started a week later but the results are although positive but no where as impressive as the demo account. Larger DD too. Over all positive profit 1/10th of demo. So relax, I'm not going to the moon with it.

As for Martingale, No one does or should start trading saying they are going to martingale. It would be like saying I am going to stop loss this account to profit. Stop loss is not a strategy and neither is martingale. All the ppl posting mathematical examples of how Martingale blows up your account and are so proud of their oh so scientific and well rounded reasoning and proofs are so stupidly misguided. I could probably if I cared could show them the same thing could happen if they got SL'd multiple times or got faked with Bollinger bands signals or stochastics or ADX or MACD any other indicator. I don't understand why there are not more more anti indicator loudmouths bashing indicators the same as the ones bashing Martingale. Are they saying relying on indicators signals don't ruin your account? Are they saying no one has blown their accounts following any one indicator before?

Another thing these goons claim is that traders that use Martingale don't know how to use other indicators and methods and walk right into Martingale and are bound to blow their accounts. How stupid can they get? It's the other way around. You first learn all the basics, try all the indicators, use SL bla bla and then, when you think you have learnt it all, then you look into Martingale. The traders who use Martingale successfully, I can assure you, have been around the block with trading by all means.

I'm not going to spoon feed anyone here but one thing I am going to clear here is that Martingale is not a device used as a point of entry. INDICATORS, yes, those beloved well recommended indicators are used to make a decision to enter a trade. Other methods such as fundamental or any sort of technical analysis is used to enter the market. Everyone knows that a good entry can go a long way to produce a profitable trade. If you consistently beat the spread plus a couple of pips, you would be the richest person in the world in a short time. It is the exit that is the problem if you don't achieve that good entry.

Martingale is an EXIT strategy. It is an after thought. The same as stop loss is an exit strategy. Both traders, the one using SL or Martingale as exit strategies, hoped they didn't have to when they entered the trade. Right? Both traders will have successful trades hopefully fortifying their equity. They are both winning if we consider their successful trades. Therefore, we can call them equal on how much cash they can generate with their successful entry decisions. It is the exits that are in dispute here. Therefore, it is the mathematical calculation of hoe Martingale can blow up your account versus how SL can blow up your account. They both can and almost equally.

Here is the difference and choosing one over the other is a judgement call. In Martingale, you rely on the assumption that the market is not going in one direction forever. That is A FACT. No one can prove that the market is going or has gone in one direction forever. There is a truth to that claim.

Now, with implementing SL as an exit strategy, you take a loss on the chin and exit. Now you have 2 choices. Either just stay out and ride the uncertain times that proved your initial entry decision to be wrong and hope for a better time to enter or you reverse your decision and go the opposite way. This could be a very dangerous decision. Let's assume your initial decision was based on some logic or maybe based on a signal from a trusted indicator or whatever. It was a rational decision that made sense at the time. Now, faced with a SL, you will either denounce your tenets of your trading strategy and go against it or you will find some other way to convince yourself to go the opposite way. Maybe you will find a divergence in an indicator and say aha, this is the reason I should walk all over my usual way of entering the market. Either way, you are on shaky grounds. It may just work out tho and make you look real good but all you have done is jump on the bandwagon. Jumping on the bandwagon is a proper way of trading if you are attuned to such moves. But what happened to your so well thought usage of your indicators or other vices? Out the window and replaced by jumping on the bandwagon strategy?

Oh wait, its not always successful. Stalls, fakeouts, whiplashes, irrational exuberance, new news release etc. can once again send you back to face another SL. How many times we read traders saying: "I should have just stuck with my original decision". I should have given it a bigger SL, I shoulda... That takes me back to the question (wait, I didn't ask before lol): How many times can your account sustain taking a stop loss and how many times are you going to trust your favorite indicator to occupy the position of the signal provider? 5 times? 10 times? Can you attribute that number to being a FACT the same way you can attribute the notion that markets won't go in in one direction forever to being a FACT?


I am not promoting Martingale against SL. Anyone is free to do whatever they want. what pisses me off is the faild traders who used Martingale preaching that it doesn't work even though I can bet they have also failed a number of other entry and exit strategies before but they don't care to go on a big rant about them. What gives. All I know is that I am having the last laugh and in my heart of hearts these ppl look so stupid to me and I am embarrassed about them acting like they do. Life is life and there are ppl like that and that is a FACT!

Martingale works if you don't care about long-term results and are able to stop at some time and quit trading. Consider next simple experiment, you can conduct it yourself if you don't like opinions of other gurus. Take a coin and play with yourself the following game. Each time it flips head you win $0.98 and when it flips tail you lose one dollar. Play it 10 times. It's quite possible that you will be in profit after 10 flips. And after 50 flips too. But the more flips you consider to play the higher is the chance (actually it asymptotically approaches theoretical probability) that you will lose all initial stake.

Some even less obvious games than martingale used in the past to rip-off players who don't understand how probabilities work https://proofwiki.org/wiki/De_Méré%27s_Paradox

Nice.
Except that each time it flips head I win one dollar and when it flips tail I lose $0.98.

Do the probabilities work by fixing the reward for outcome of the flips beforehand?

Oh, I get it. The expenses of trading will eat into my profits and that .02 loss represents my constant need to feed the broker.

Well here is a builtin solution that people with quick coin flip examples didn't think of:

The market spends more time going up and down than it goes up OR down. I know, that didn't make sense.

Take an upward trend that lasts a whole month. Lets say it went up 300 pips. Now if you add all the pips it went up in that month on a 1M chart and all the pips it went down (retracements), the market MOVED maybe twice as much. Maybe more. Its like taking a wrinkled up string that has the start of it at the beginning of the month and the end of it at the end of the month. Now you spread that string straight and it becomes 2 or maybe 3 times the length between top n bottom of when it was wrinkled up.

There lies so many opportunities for trading. Everyone knows that. You can buy at the bottom and sell at the top and make 300 pips or you can buy and sell in between and make 600 or 900 pips. You will certainly pay the broker and maybe pay more in swaps but that doesn't stop most traders from getting in and out many times during that trend. Therefore, your loss bias due to expense assumption doesn't work. I might be wrong, maybe that wasn't what you meant by making 'winning' a less rewarding thing in a coin flip. Expenses occured in trading need not to be a factor in Martingale exits because they just apply to everything and everyone. Leave them out.

BTW, a simple Martingale method is the mirror image of a simple SL method. IF we apply your coin flip to SL exits, then stop loss is going to be as bad as Martingale.

I have heard the 'expense' argument in relation to claims of perpetual energy machines. It makes sense there. Universal laws are hard to screw around with. They are laws because they are perfect. At least on Earth but in Forex? That argument doesn't apply to Forex. Meh, not even close.

you are a biog loser, because you made 150% with a very small account, and going to work would win more in same time, so because of opportunity cost its you are big loser. man, learn the bascis, you would need to call you loser yourself, when you are smart.

and a man need to trade martingale is always possible to call loser on the end.... but do what you do, you are extrem unexpeirneced and will learn with time the hard way that your low skill level is your biggest problem in trading....

i think you dont have even the abbility to understand my words, because you already wrote bullshit in this post, and did not check your are total wrong (same like you often write in one post what was answer you in one post before already.....)!

that statements are simple files , you can chnage what you want.... and its even a wrong statement, your real drawdown was extrem high against what seen in this picture but because you never sell in loss your statement looks fake like good drawdown, noone would trade such bullshit..... you will learn it some day that you need good statements to know what you really trade...

i have never seen one martingale trader winning extrem..... only losing extrem, winning small and only by luck and stopping after a time.....
with martingale you always need play low, you cant trade 10 million accounts and have 100% win, because you can lose all each day... you always have to put in small money and so you trade much much much less percent less against big account snd so big account need so much less percent win for same money and has extrem less drawdown, sp its total useless to compare the win percents, because other trade much more of the whole money in account against martingale trader... its beginner strategy, not without any reason. there are idiots who think they invented some new kind of martingale or what someone did not think about (when you hear someone telling this, you know its a total beginner and idiot without learning basics), but all was dont already, all counted by math.... whatever... simple math problem...

You don't know how big my account is fucknut and accounts success are generally measured by percent return, industry standard shit bag, but you are too stupid to know this. The biggest loser here is you because you can't talk facts, you can't show your account, and you can't even type a coherent post.

Keep pulling at those bullshit straws shit head because everyone here who trades would be very content with a 159% gain in 15 months. I bet you'd be running around in your mankini just like borat, I am sure you are related, if you had made that sort of return.

Why don't you show your account? Is it because you are a total loser that can only trade with your bullshit mouth. Yeah that's it isn't it. If you did show it, everyone would see what a total loser you are and this phony show you put on is backed by lies and jealousy


You're a waste of space and oxygen

you have a small account and cant live from this.
you are such a faker, always you tell mistakes, wrong statements, need to be corrected by misleadiong facts...

maybe learn the basics and fake less experience, better for you. at the moment you are a failed trader with to less win against a normal worker going to the job same time.... so what to say to such man... wow, not really..... be a little bit smaller in your mig mouth talking then maybe people would say... ok, your hobby with martingale as beginner looks good for starting, maybe you have luck some day to get it... but because you are not this person it looks you failed already.... whatever, ..... i have seen so many from your kind... the chances you get it is so small with your character type.... but, good luck... see you in your next misleading postings...

Doofus_Creeper:

Not even worth reading a line of your nonsense.
You are out of my life. At least the best that FF can offer.
I found the ignore button. Hopefully that keeps your Rabies in check!

And pigs can fly too shitlips

You know when someone is faking it when they can't show the goods and instead try deflect and you can't even do that intelligently. The irony is you spend your time on the fakers thread highlighting everyone your midget brain believes is faking it, when here you are doing the exact thing you are bitching over. There isn't a word for you I am sorry to inform you. We will have to make one up that fits the bill. How about pretendymcfuckface.

Since you refuse to show your account I am going to do what you do and assume.

So why are you trading a demo account that is running with 50 percent drawdown. Is that because you have blown all your live accounts.

Last week I asked you to provide me the exact posts where I posted misleading information. You didn't do it because there is nothing to show, it's all made up in that pimple brain of yours.

Here you are again saying the same shit so I will ask you again. This time maybe you should read it slowly and with your eyes instead of your flapping lips.

SHOW ME THE EXACT POSTS I HAVE MADE WHERE YOU CLAIM I HAVE MISLEAD PEOPLE.

While you are at it

SHOW EVERYONE YOUR ACCOUNT BECAUSE YOU TALK THE TALK BUT SEEMINGLY CANNOT PROVE YOU CAN WALK THE WALK.

I don't want the usual pretendymcfuckface answer you give every time where you tell me what YOU said along with a paragraph of incoherent bullshit. Heresay is about as useful as you are intelligent. Facts is all I am interested in, something you clearly don't relate to.

If you can't answer any of these then I suggest you keep quiet because your bullshit is unwinding and people are seeing there is nothing you have to show and incapable of proving your accusations. Accusing someone of something without providing evidence and an explanation with facts, not assumption, is a fakers profile. Telling someone they can't trade when that person has a TE to prove otherwise, while being unable to show your own account is another example of a fakers profile.

Maybe we should name you fakermcfuckface instead.

you idiot (you really are, no other word possible, i did mention so often this post!)! i did mention your post, it was the post i was correcting your misleading bullshit, where your then was crazy mind and did follow me in other thread and attack and attack with your bullshit until all need to correct you and you did see you was crazy and useless 100%.
and i even did tell you, thats the post where you did tell so funny, that trading small account is same like trading very big account, nothing different.

you little beginner , i cant even laugh enough when you post your bullshit,.... sometimes really you should stop posting and think first or learn basics at least, that at least you should not look like a total clown and useless trader, as faker you look for 100% and extrem low skilled, martingale total fan and very very small account trader....

i have to show you my account for what, because you are a faker, useless person with total bad character, this person of course i have to show my account, really, your brain is boiling and not the smartest candle on the cake ,or?

you proof of trading is showing a matringale little account... that only proof you cant trade and are big beginner... nothing more... funny, you even dont know why.... sorry for you, but you are such a time waster with your many wrong statemnt, misleading wrong shit und your faked experience with total wrong statements. i really hate such fakers.

So that's a no then, you could put this all to rest by showing your account but you are chickening out because you have something to hide. I am not really surprised by your response it is basically the same tosh you always throw out. Accusations without evidence and opinion of people as traders when you can't even prove you are one. If you had an account that was as healthy as mine it would be all over your profile and you would be using it to back everything you say. Because you aren't it is pretty clear we have a faker here that additionally has shit for brains. Congrats moron you have officially won the forex factory fuckup lifetime award.