Martingale journal | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Martingale, Anti-martingale, and Compounding 40 replies

Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply

Martingale Calculation EA (also reverse martingale) 3 replies

How to change this Martingale to Reverse Martingale ? 3 replies

Martingale vs. Non Martingale (Simplified RoR vs Profit) 1 reply

Attachments: Martingale journal
Exit Attachments

Martingale journal

  • #1
  • First Post: Edited Feb 5, 2019 6:00pm Feb 10, 2015 5:56pm | Edited Feb 5, 2019 6:00pm
changed the system.
now i use pob and line in the sand with a 4 steps martingale. I find possible pockets of volatility, place my line there and go with the direction of price. If the last box is up and i buy, i get out at the next up box. If down box appears, sl get touched and i enter a sell with x2 size, i do this at most 4 times. If price dances around my line more than 4 times, it means my line wasnt placed in a good volatility spot, so i scratch it.
so my edge, if i have one is in finding those spots accurately. So far i think very few trade this way here, maybe Havo and 1 or 2 others at most.
  • #2
  • Feb 24, 2015 6:59pm Feb 24, 2015 6:59pm
School, exams, im just tired... i ll update this thread in a couple of weeks. In the meantime any fan of martingale is welcome to share ideas.
  • #3
  • Mar 1, 2015 3:56pm Mar 1, 2015 3:56pm
Any pnf fan here ?
Attached Image
  • #4
  • Mar 2, 2015 12:40pm Mar 2, 2015 12:40pm
what is martingale?
  • #5
  • Mar 2, 2015 2:25pm Mar 2, 2015 2:25pm
It is doubling after every losing bet until you can make it all back. You can google it to have a better definition too.
  • #6
  • Mar 4, 2015 5:25am Mar 4, 2015 5:25am
I created an expert advisor for my trading platform using the martingale theory. Basically what it does is you open a trade and you place a stop loss and a take profit. If the stop loss is hit then that position will close in a loss. If this does happen then the idea of martingale is to double up your position so that you can earn what you have lost before.

For example if I open a position of 0.1 lots and I lose (the market hit my sl) then with the EA that I created it will close that position and open another one at that price for 0.2. If I lose again it will open another position of 0.4 and it will keep on working this way until it brings a return. The idea is based on the thought that you will always have enough money to open further positions.
  • #7
  • Mar 4, 2015 8:34am Mar 4, 2015 8:34am
I'm interested in any martingale action even if it's on demo so I'll subscribe.

The thing with martingale for me is that you must have a decent account say at least 1000eur. if you have say 100eur account the starting bet in very very small so TP is very small...

Of course you can modify martingale so that for example you can only be wrong a few times but even that requires solid account as well.
  • #8
  • Apr 7, 2015 10:43am Apr 7, 2015 10:43am
First english is not my 1st language and im not really good at probability, so i wish you will understand me. I have a question though when a coin is flipped 3 times the possible outcome is :
H-H-H
T-H-H
H-T-H
H-H-T
T-H-T
T-T-H
H-T-T
T-T-T
I cant predict the exact sequence but if I pick a one randomly and play it with martingale i have 7/8 of chance of being right and 1/8 of being wrong if i stop after one win.
Of course the reward is 1 and the risk 7.
So for example, after flipping the coin 3 times the sequence which appears is H-H-H, then only its opposite sequence ( T-T-T) will be a loser (-1-2-4) and all the seven others will win (1).
Now, lets pretend that for some reason during those coin flips you are able to predict the sequence which will NOT appear. Then, playing its opposite means you will never lose.
My question here is this, how to make sure that im not lucky and the opposite sequence im playing wins cause it falls on the right side of probability (7/8) ?
Also what is the best way to play this , with martingale or not, pretending of course that one has an edge predicting a sequence which will not appear. Thanks, and if im wrong somewhere please point it to me.
  • #9
  • Jul 10, 2015 6:42pm Jul 10, 2015 6:42pm
Im gonna open a trade explorer and play with this martingale and see how long it takes before i blow.
  • #10
  • Jul 13, 2015 1:12am Jul 13, 2015 1:12am
Quoting metta87
Im gonna open a trade explorer and play with this martingale and see how long it takes before i blow.
Dont know how long but one things for sure. Its gonna blow. Tried it with The sacred edge, worked fine but theres just one bad trade that comes and spoils the party. Now using stop loss. Still up 5% on the sacred edge
  • #11
  • Dec 1, 2015 1:00am Dec 1, 2015 1:00am
its bout time that i put this thing to the test. Hopefully in less than 3 weeks. It will be a simple martingale (1-2-4...) not supposed to go more than 10.
  • #12
  • Dec 1, 2015 1:23am Dec 1, 2015 1:23am
Quoting ephisi
{quote} Dont know how long but one things for sure. Its gonna blow.
Hi,

I agree completely, why waste your time experimenting? The final result is inevitable on a simple doubling up martingale strategy: sooner or later you will blow the account due to a string of consecutive losses. You can't just keep doubling up, you only have a finite sum of capital available and eventually a martingale strategy will eat it all up in one huge, horrible loss.

The dual problems with martingale strategies are that: 1) they are very seductive because you almost always get out of jail (until the final blowout, of course); and 2) they offend the core principle of always defending your capital. No account, no trading, so you always have to ensure you have an account. Martingale strategies do the opposite, they are always risking the account and, moreover, are bound to fail eventually.

Do yourself a favour and spend your demo time on something more useful
  • #13
  • Dec 1, 2015 10:14am Dec 1, 2015 10:14am
Quoting marcmarc
{quote} Hi, I agree completely, why waste your time experimenting? The final result is inevitable on a simple doubling up martingale strategy: sooner or later you will blow the account due to a string of consecutive losses. You can't just keep doubling up, you only have a finite sum of capital available and eventually a martingale strategy will eat it all up in one huge, horrible loss. The dual problems with martingale strategies are that: 1) they are very seductive because you almost always get out of jail (until the final blowout, of course);...
Hi marc ,
To be honest, i wont mind if it blows. At least i will be sure once for all that its a loser. Ive been watching this thing for months and i never seen it blow so a part of me is still a believer. Also i dont think that putting it to test on demo will do me any harm. Basically its not a compulsive martingale where you always trying to recoup your losses, instead im betting that a specific pattern wont appear so my martingale is capped to 15 or 10 or 5 . And finally, i dont have anything better or less risky at the moment lol, and im very intrigued by some types of martingale so its all fun for me.
  • #14
  • Dec 1, 2015 12:12pm Dec 1, 2015 12:12pm
Quoting metta87
{quote} Hi marc , To be honest, i wont mind if it blows. At least i will be sure once for all that its a loser. Ive been watching this thing for months and i never seen it blow so a part of me is still a believer. Also i dont think that putting it to test on demo will do me any harm. Basically its not a compulsive martingale where you always trying to recoup your losses, instead im betting that a specific pattern wont appear so my martingale is capped to 15 or 10 or 5 . And finally, i dont have anything better or less risky at the moment lol, and...

Hi,
Good for you if it helps clean your mental stable; and nice to see some realism round here. Just don't put any real money behind it! Best of luck.
  • #15
  • Dec 4, 2015 10:41am Dec 4, 2015 10:41am
Attached Image
  • #16
  • Dec 16, 2015 3:44pm Dec 16, 2015 3:44pm
this is a fun blog that i used to read two years ago. I dont get everything he writes about but at least its different than the usual boring stuff on pnf.http://enantiodromian.blogspot.ca/​​
  • #17
  • Jan 6, 2016 11:38am Jan 6, 2016 11:38am
Ok so i started using a demo for the method. Im entering the orders manually for now since i dont have an ea for it. Regarding the ea, I requested help for it here http://www.forexfactory.com/showthread.php?t=572412 and here http://www.forexfactory.com/showthread.php?t=569654, so if you feel you can help, that will be cool.

So right now my martingale is capped at level 10 with a 7pips grid, for the most part i will be monitoring set ups on screen with my eyes. The set ups themselves dont appear often on the 7 pips grid so i have to trade them very early since i do so manually, one of my solution could be to set up many others different size (pips)grids.
It wasnt easy placing these orders manually, i made couple mistakes cause im just not used to the plateform, so with time i will get better.
Also another issue could be having orders triggered by the spread instead of price, so i have to find a way to get pending buy orders triggered at bid and not ask.

Anyway, im excited about this whole thing so lets see how it goes.
ps : anybody knows if its possible to keep the entry/close levels and time private in a trade explorer ? Thanks.
  • #18
  • Dec 16, 2016 6:45am Dec 16, 2016 6:45am
I got a lot of free time so i might give this thing a try ;/
  • #19
  • Last Post: Feb 5, 2019 5:46pm Feb 5, 2019 5:46pm
Been 4 years uh... well still playing with martingale ( not 10 lvls anymore) and still playing with pnf. The system i was testing earlier in the thread was a loser, it was a mix of hidden gaps and martingale.
now im trying something else, find a spot with good volatility, placing my line in the sand there and trying to get only one box, martingale capped at 4 steps. I use one indicator with a bit of price action. And of course by pnf, i mean point-o-bars, which are a bit like renko.
i find those types of charts are way better than candlesticks to predict pockets of volatility.
0 traders viewing now