Martingales: Forget Technical and Fundamental Analysis

Welcome All.
almost with all brokers, there is about 70 instruments!
when prices move up or down 67 pips-for example- the pass by technical points!
usually the prime mover is various market news!

at some point prices will not go further! then a new trend will begin.

to utilize each movement in the market use pending orders for all 70 pairs in both direction, buy limit and sell limit.

we apply it for all available instruments, for attached trading explorer
it is a mere idea under test!!
targets should be at least 3 doubles of any pair speed or velocity.
refer to speed rule here: https://www.forexfactory.com/showthr...9#post12572249
for example the daily probable speed of GBPNZD is 203 pips, reason its price is 2.0300

Stop Loss: only Close_All SL Theory is used. that mean: close all at once at some specific net profit or specific net loss

you forget Technical and Fundamental Analysis, but martingale will realize both.
Reason: prices moment is just a reflection of both analytical methods.

attached traded instruments:

Martingale: TE has been linked to this thread!

Idea: each 67 pips, there is an order-in both directions.
applied for more than 60 instruments at once.
starting lot 0.08 (equity/10,000) <-- current equity is around 80,000 USD.

why do you use a fixed 67 pips whilst you previously mentioned speed of the pair? illogical!

Good Quesion
Ans: to simplify it for the sake of all readers.
AUCAD--GBPNZD!
in fixed pips method, if GBPNZD has 5 orders executed, we expect 2 orders on AUDCAD.

but who use variable pip distances upon "pair velocity theory"-- is better

but Target should be as mentioned. not wise at all to close GBPNZD with 100 pips profit, then close AUDCAD with 100 pips!

Hence, this trial is under test.
it may fail!
but from the beginning start, it is reasonable and justified "on-papers"

Hence, the reference price for any pair is the date of this thread first post.
that mean, calculation of any order entry price due to reference price. each 67 pips from the first price there is a new order for all 69 pairs.

up to this moment five orders executed. we expect more than 50 orders this week.

9 orders have been executed since reference time,
JP225Roll
reference price was: 22706--at time of stating thread.
then it drop 67 pips @ 22639 1st order---------22706-1*67=22639
then drop another 67 pips @ 22572 2nd order---------22706-2*67=22572
then drops another 67 pips @ 22505 3rd order---------22706-3*67=22505

each 3 orders lot is incremenet,

and of course we know if pair go up, first sell order will be at 22706+67 = 22773

Who cares if it's illogical if it's making him money

@MACD-RSI: thx for your response
@DojiSan: sure but it won't make me money if I find it illogical

Hi Macd-rsi,

Should we put Buy Limit/Sell Limit for the same pair, SIMULTANIOUSLY??

==
There is a small difference--I forget the effect of spread
SELL LIMIT REFRENCE PRICE IS 22697
22697+67=22764

we expect 2nd sell limit order @ 22697+2*67 = 22831

again what is the reference price that we start counting from?
Ans: the time of this thread start. first post time.

this reference will never be changed until passage of 10 days at least.

17 orders has been executed on various pairs.
calm day.

webs are full of topics about martingales
but here you should realize distinction
1) diversification
2) avoid stupid TP
3) fractured lot

we are in green area P/L since start--if manual entries not related to Martingales are excluded

today 25.10.2019 only two orders have been executed since the reference prices at the start of this thread.

currencies
compare profitable orders to loss position!
they carry each other
do not analyze at all!
market analyze itself! but use far points to separate b/w 2 orders.

with all due respect; mathematically; you are doomed to fail !!!

my advice; save the day and learn a profitable strategy that has sound edge.

no free lunch in Forex.

Well said; Martingale is very risky! I am comfortable with my chart reading trading strategy! Now even I don’t rely the technical tool!