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Success with Martingale & Hedge - Possible?

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  • Post #521
  • Quote
  • Oct 20, 2019 4:41am Oct 20, 2019 4:41am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
from deep experience I chose "Yes, possible"
on condition of diversification b/w all available instruments on both direction, with distance of 65 pips at least b/w each 2 orders. and swing target: say 350 pips.
Be yourself
 
1
  • Post #522
  • Quote
  • Oct 20, 2019 4:43am Oct 20, 2019 4:43am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
addition, assuming minimum deposit = 2,500
starting lot = 0.01, then 0,02, then 0,03 and so on
applied for all 28 pairs at once.
Be yourself
 
2
  • Post #523
  • Quote
  • Oct 20, 2019 5:33am Oct 20, 2019 5:33am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Grid | 2,278 Posts
Quoting chithanh_85
Disliked
Can anyone add the time sleep between orders? This option is must have to prevent the spike in a short time. These are my accounts. Real: http://www.myfxbook.com/members/mrle...lation/3527559 Demo: http://www.myfxbook.com/members/mrle...-hedge/3532281 I believe that you can not win if you let the EA trade 100% the time. I use this EA as a tool, and I monitor my accounts always. I detect the trend and then let the EA follow it. The GridDistance will not be fixed, I will change it due to the...
Ignored
I use the same style as yours to enter the first trade manually with the martingale EA following the trend direction.i manage when to place another trade etc.so nice to see someone with the same trading style,thanks.
 
3
  • Post #524
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  • Oct 21, 2019 4:24am Oct 21, 2019 4:24am
  •  chithanh_85
  • | Joined Dec 2009 | Status: Member | 28 Posts
Quoting T4Trade
Disliked
{quote} I use the same style as yours to enter the first trade manually with the martingale EA following the trend direction.i manage when to place another trade etc.so nice to see someone with the same trading style,thanks.
Ignored
So, how long have you used this style? Do you have profit from it? Let us know if possible. Thank you!
 
 
  • Post #525
  • Quote
  • Oct 21, 2019 8:15am Oct 21, 2019 8:15am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Grid | 2,278 Posts
Quoting chithanh_85
Disliked
{quote} So, how long have you used this style? Do you have profit from it? Let us know if possible. Thank you!
Ignored
I have learnt this after loosing many accounts,so I learnt it now how to use it for my benefit,look at recent trades.
Attached Images
 
 
  • Post #526
  • Quote
  • Oct 22, 2019 12:42am Oct 22, 2019 12:42am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Grid | 2,278 Posts
todays result
Attached Images
 
 
  • Post #527
  • Quote
  • Oct 22, 2019 7:22am Oct 22, 2019 7:22am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Grid | 2,278 Posts
I am making my trading journal,its unfair to post my closed trades here everyday,whoever wants to share their trades,plz join my trading journal,thanks
https://www.forexfactory.com/showthr...6#post12575146
 
 
  • Post #528
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  • Oct 22, 2019 7:55am Oct 22, 2019 7:55am
  •  KashifNawaz
  • Joined Oct 2016 | Status: Member | 568 Posts
Quoting Macd-rsi
Disliked
addition, assuming minimum deposit = 2,500 starting lot = 0.01, then 0,02, then 0,03 and so on applied for all 28 pairs at once.
Ignored

Thanks for your feedback friend. What broker you would suggest for this? And to get quick TP, you cannot use linear increment because it will take ages to close a martingale cycle. No?

Quoting T4Trade
Disliked
{quote} I have learnt this after loosing many accounts,so I learnt it now how to use it for my benefit,look at recent trades. {image} {image}
Ignored

Good to see that your losses gave you good experience to keep going. Would you please elaborate in detail step by step, how you control the anti-trend trades? You take real Stop Losses?

Quoting T4Trade
Disliked
I am making my trading journal,its unfair to post my closed trades here everyday,whoever wants to share their trades,plz join my trading journal,thanks https://www.forexfactory.com/showthr...6#post12575146
Ignored

Congratz for your new thread and best of luck.
Grid / Martingale / Hedge Lover
 
 
  • Post #529
  • Quote
  • Oct 22, 2019 8:12am Oct 22, 2019 8:12am
  •  T4Trade
  • Joined Sep 2017 | Status: Trend Following,Price Action,Grid | 2,278 Posts
Quoting KashifNawaz
Disliked
{quote} Thanks for your feedback friend. What broker you would suggest for this? And to get quick TP, you cannot use linear increment because it will take ages to close a martingale cycle. No? {quote} Good to see that your losses gave you good experience to keep going. Would you please elaborate in detail step by step, how you control the anti-trend trades? You take real Stop Losses? {quote} Congratz for your new thread and best of luck.
Ignored
almost all manual trading is based on trend following right? that is what I do ,but I open the trade with martingale EA following the trend bias,incase trade doesnt go in my favour.I don't use SL,this martingale EA is for risk management.

our entries cant be 100 percent accurate,that is why I open the trade with EA.if trade is against me,i wait on 4 hour time frame,when PA joins the trend again,i place another trade of same lot size or higher size to get breakeven or profit ,it depends,most of the time price returns because I follow the trend of D-4h.

martingale EA is suppose to work as contrary or countertrend,so EA is only useful if we keep this EA running and placing trades with a same interval or steps on pull backs or retracements.

so this EA can be beneficial for 2 purposes in my trading.one for managing the trades ,another for making grid on retracement and close with profit when PA joins the trend.

I hope I could explain,dont hesistate to ask for clarity.
 
 
  • Post #530
  • Quote
  • Oct 22, 2019 8:50am Oct 22, 2019 8:50am
  •  Valerian6
  • | Joined Oct 2019 | Status: Member | 14 Posts
I think martiangle would work if you have good capital to start with. I front test an martiangle ea using 2000 and it work good.
 
 
  • Post #531
  • Quote
  • Oct 22, 2019 3:34pm Oct 22, 2019 3:34pm
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
Quoting KashifNawaz
Disliked
{quote} Thanks for your feedback friend. What broker you would suggest for this? And to get quick TP, you cannot use linear increment because it will take ages to close a martingale cycle. No? {quote} Good to see that your losses gave you good experience to keep going. Would you please elaborate in detail step by step, how you control the anti-trend trades? You take real Stop Losses? {quote} Congratz for your new thread and best of luck.
Ignored
what I add to thread is TWO things:
1-Apply it for all 28 pairs at once
2-put orders in both direction, BuyLimit and SellLimit

you had better cancel TP, leave it without take profit for 10 days. till you see account profit of 50%

TP itself is a flawn! ignore it.
Be yourself
 
 
  • Post #532
  • Quote
  • Oct 23, 2019 4:34am Oct 23, 2019 4:34am
  •  KashifNawaz
  • Joined Oct 2016 | Status: Member | 568 Posts
Quoting T4Trade
Disliked
{quote} I open the trade with martingale EA following the trend bias,
Ignored
And what is the entry criteria? How you define trend? based on PA in H4 or some indi?

Quoting T4Trade
Disliked
{quote} when PA joins the trend again,i place another trade of same lot size or higher size to get breakeven or profit
Ignored
And how you decide the grid distance here for 2nd trade?

Quoting T4Trade
Disliked
{quote} martingale EA is suppose to work as contrary or countertrend,so EA is only useful if we keep this EA running and placing trades with a same interval or steps on pull backs or retracements.
Ignored
So you don't place any hedge or anti-martingale trade?
For example, trend on H4 is bearish, you placed a single Sell order 0.01, price went up 50pips, you opened another sell 0.01 hoping price will come down to level 1. But what if price keep going upwards here onward? you will use martingale here or SL?
Grid / Martingale / Hedge Lover
 
 
  • Post #533
  • Quote
  • Oct 23, 2019 4:35am Oct 23, 2019 4:35am
  •  KashifNawaz
  • Joined Oct 2016 | Status: Member | 568 Posts
Quoting Valerian6
Disliked
I think martiangle would work if you have good capital to start with. I front test an martiangle ea using 2000 and it work good.
Ignored
Yes, if you are lucky, it can give you money for months, maybe year. Then one day, it will take all that back if you just rely on that
Grid / Martingale / Hedge Lover
 
 
  • Post #534
  • Quote
  • Oct 23, 2019 4:39am Oct 23, 2019 4:39am
  •  KashifNawaz
  • Joined Oct 2016 | Status: Member | 568 Posts
Quoting Macd-rsi
Disliked
{quote} what I add to thread is TWO things: 1-Apply it for all 28 pairs at once 2-put orders in both direction, BuyLimit and SellLimit you had better cancel TP, leave it without take profit for 10 days. till you see account profit of 50% TP itself is a flawn! ignore it.
Ignored
Please correct me if I understood wrong.
You mean, we should start with pending orders on all 28 pairs with any specific grid gap, lets say 50pips.

Rules will be same for all pairs, lets say, we discuss here only 1 pair, EURUSD for clarification.

Current Price = Buy 0.01 / Sell 0.01
Price went 50 pips up = Buy 0.02 / Sell 0.02?? Right?

If retrace down, we close both sell (as normal martingale). What about Buy 0.02?
Grid / Martingale / Hedge Lover
 
 
  • Post #535
  • Quote
  • Oct 23, 2019 4:45am Oct 23, 2019 4:45am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
Quoting KashifNawaz
Disliked
{quote} Please correct me if I understood wrong. You mean, we should start with pending orders on all 28 pairs with any specific grid gap, lets say 50pips. Rules will be same for all pairs, lets say, we discuss here only 1 pair, EURUSD for clarification. Current Price = Buy 0.01 / Sell 0.01 Price went 50 pips up = Buy 0.02 / Sell 0.02?? Right? If retrace down, we close both sell (as normal martingale). What about Buy 0.02?
Ignored
not current
in this way we just lose--hedge on loss of spread
I wrote this morning a new thread, "Martingales" upon my opinion with attached explorer
also I will add here after 5 minutes a new post showing my meaning
Be yourself
 
1
  • Post #536
  • Quote
  • Oct 23, 2019 4:52am Oct 23, 2019 4:52am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
if you apply it at once for all 28 pairs, they will carry each other.

picture below answers your question accurately

current price is the reference--no orders here,
Attached Image
Be yourself
 
 
  • Post #537
  • Quote
  • Oct 23, 2019 4:58am Oct 23, 2019 4:58am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
hedging here is on profit

assume EURUSD drop 200 pips, will execute 4 orders
then go up 600 pips
will execute 6 sell orders--start from reference line after compensating first 200 pips drop.

your position will be hedged in huge profit

the most stupid things are:
1) quick TP
2) closing in short time--it should remain at least 10 days. to give market chance to absorb its angry in clever way

do not put TP-- or put sings--for example 300 pips!!

give market a chance to give you profit.
Be yourself
 
 
  • Post #538
  • Quote
  • Oct 23, 2019 4:59am Oct 23, 2019 4:59am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
assume any currency pairs continue sealing-in!
other currencies will help, will carry for some time this currency loss until it take the right course=move in profit direction and sealing-in in other direction
Be yourself
 
 
  • Post #539
  • Quote
  • Oct 23, 2019 5:07am Oct 23, 2019 5:07am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
I won't confuse you
but my thoughts are here:
https://www.forexfactory.com/showthread.php?p=12577520

do anybody think pairs will go forever in one direction!
do anybody thing all pairs will go in the same direction all the time!!??

reasoning!
Be yourself
 
 
  • Post #540
  • Quote
  • Oct 23, 2019 5:10am Oct 23, 2019 5:10am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 12,485 Posts
therefore instead of traditional way!! "huge lots in one pair" with 3 or 4 position!!


do not use huge lot!! use fractured lot. = 0.01 if balance 1000 or less!
Be yourself
 
 
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