Does the martingale system really work? | Page 32 | Forex Factory

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Does the martingale system really work?

  • #621
  • Dec 23, 2018 5:26am Dec 23, 2018 5:26am
Quoting Viviann
{quote} Sure I am waiting for it to grow. I believe it's growing well. It just opens position when the trades are profiting, so I suppose its different from the conservative martingale
how is this EA doing?
  • #622
  • Dec 24, 2018 2:59am Dec 24, 2018 2:59am
Quoting T4Trade
{quote} how is this EA doing?
It's doing pretty well. As you can see in my profile.
  • #623
  • Dec 24, 2018 4:52am Dec 24, 2018 4:52am
Besides to what everyone said about martingale:

If you need to use martingale for your trading strategy, then you are simply doing something wrong already since you expose yourself more to risk to have an edge which should not be done.
  • #624
  • Dec 24, 2018 5:19am Dec 24, 2018 5:19am
Quoting Gigabyte
{quote} This one seems to be fine on my demo {file}
This EA gives error that contact the owner,can you tell us how it will work?
  • #625
  • Dec 27, 2018 6:00am Dec 27, 2018 6:00am
Quoting Viviann
{quote} It's doing pretty well. As you can see in my profile.
I see, but the account age is only 87 days! I’m interested to see your end of the 19.
  • #626
  • Dec 27, 2018 7:59pm Dec 27, 2018 7:59pm
Quoting ZikriIrfan
{quote} I see, but the account age is only 87 days! I’m interested to see your end of the 19.
Sure, go ahead
  • #627
  • Dec 28, 2018 6:25am Dec 28, 2018 6:25am
Quoting Viviann
{quote} Sure, go ahead
Thanks, hope the ratio will be same as like recent past! All the best.
  • #628
  • Jun 8, 2019 5:36pm Jun 8, 2019 5:36pm
Works to getcha to rockbottom and below...imho
  • #629
  • Jun 9, 2019 8:14pm Jun 9, 2019 8:14pm
Martingale system will work depending on how well you know your stuff. For example, if you just lost your trade, but you know this is really a good entry point and you are 99% sure its a winner, you can martingale to recover your losses and that will grow your account faster.

But most of the time it is not recommended as people usually aren't disciplined enough or make random trades based on emotions due to the loss.
  • #630
  • Jun 10, 2019 4:02am Jun 10, 2019 4:02am
Quoting CrescentL
Martingale system will work depending on how well you know your stuff. For example, if you just lost your trade, but you know this is really a good entry point and you are 99% sure its a winner, you can martingale to recover your losses and that will grow your account faster. But most of the time it is not recommended as people usually aren't disciplined enough or make random trades based on emotions due to the loss.
Discipline is the key; no doubt Martingale is a popular trading strategy for the Forex traders; but I didn’t get any suitable result by this trading system.
  • #631
  • Jun 10, 2019 5:34am Jun 10, 2019 5:34am
Quoting GeorgeBaile
{quote} Discipline is the key; no doubt Martingale is a popular trading strategy for the Forex traders; but I didn’t get any suitable result by this trading system.
I think it might not be as popular and that efficient in normal forex but it is very popular in binary options. That being said, I don't encourage or discourage the use of martingale. I think it's up to individuals to make it be profitable for them.
  • #632
  • Jun 10, 2019 11:05am Jun 10, 2019 11:05am
What's Martingale system?
  • #633
  • Jun 10, 2019 6:45pm Jun 10, 2019 6:45pm
Quoting LanaBanana
What's Martingale system?
Its easier for me to explain using binary options.

Imagine every time we win, we win 80% of our traded amount. Meaning trading $1 will return us $0.8. But if we lose, we lose 100% of our traded amount, in this case is $1.

Martingale is where every time we lose, we increase our trade so we can get back everything we have lost so far when we have a winner.

For example, using a 2.5x multiplier on lost, and 80% on win, a sample scenario could be,
Trade $1 -> Lost
Trade $2.5 -> Lost
Trade $6.25 -> Lost
Trade $15.63 -> Lost
Trade $39.06 - > Win, gets $31.25 ($39.06 * 80%)
Total lost: 1+2.5+6.25+15.63 = $25.38
Total won: $31.25
We would still made a earning of $5.87 and got back all our losses.

So as you can see, no matter how much we have lost, as long as we continue to martingale, we will get back all we have lost eventually on a winner.

BUT the issue is martingale blows our account fast. We started with $1 and look at what we are trading now, $39.06. If $1 is 1% of your account, we are now risking 39.06% of our account on this trade. Not that great for risk management isn't it.

To put it back into forex terms, we can imagine the winning percentage everytime on a winner is the number of pips we need.
  • #634
  • Jun 11, 2019 6:43am Jun 11, 2019 6:43am
Is it necessary to hedge when you use martingale system?
  • #635
  • Jun 12, 2019 1:02am Jun 12, 2019 1:02am
Quoting GeorgeBaile
{quote} Discipline is the key; no doubt Martingale is a popular trading strategy for the Forex traders; but I didn’t get any suitable result by this trading system.
Dear GeorgeBaile,

I think you are spot on, it is the discipline. However I have to disagree with "martingale" begin a strategy on its own. In my view it falls under the "Money Management" category and should be partnered with a consistent complimentary trading strategy. On its own it is nothing more than a <50% probability of success (due to spreads and fees if the same profit value is used eg.+/-10).

Here are some examples: 200 trades taken with $10 profit or loss using martingale only. The Blue line is the expected return per trade (~$5) and the Red line is the profit (right scale).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB


Ok, so far only 2 draw downs of 1,250 and 2,000. No problem. What about the next 200-400 trades?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 27 KB


Profit reached 1,500 after 350 trades and then 12 losses in a row were encountered. with a -40,000 draw down. Next trade would be to risk 40,960 to keep the 1,500 and make 10..

How interesting is that?

Kind Regards,
Tzamo
&quot;Work hard, put in the effort, and follow your dreams...&quot; -Me
  • #636
  • Jun 15, 2019 11:30pm Jun 15, 2019 11:30pm
Quoting ronald_fsm
hello guys , i just want to know is that martingale works? is that system could be use for long time? -could anyone who already use this system give comment? -which pair is the best for trading this system? thanks for your attention.
Mine is working fine on a $1000 account
Attached File(s)
File Type: ex4 Gigabyte EA.ex4   38 KB | 714 downloads
Gig-B
  • #637
  • Jun 18, 2019 1:36pm Jun 18, 2019 1:36pm
Martingale don't burn your account if it is of $10.000,00

this is an example martingale is alive from 217 days

what do you think about my creature? take a look to DD, lots traded and gain

XXXs://XXX.fxblue.com/users/elevator (put on fxblue because myfxbook doesn't accept statements with size >6 MB

hXXXs://XXX.myfxbook.com/members/nazarius666
  • #638
  • Jun 18, 2019 3:48pm Jun 18, 2019 3:48pm
Here‘s a martingale doing fine since 2016.

https://www.myfxbook.com/members/aut...le-eur/1644166
  • #639
  • Jun 19, 2019 2:25am Jun 19, 2019 2:25am
Quoting lddd
Here‘s a martingale doing fine since 2016. https://www.myfxbook.com/members/aut...le-eur/1644166

1-2-3% per month........
  • #640
  • Sep 5, 2019 2:19am Sep 5, 2019 2:19am
SUCCESSFUL EXPERT ADVISOR


https://www.forexfactory.com/showthread.php?t=945677
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