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Martingales: Forget Technical and Fundamental Analysis

  • #41
  • Nov 12, 2019 6:53pm Nov 12, 2019 6:53pm
and 8 positions opened this week
target 250 pips or (2500 pips for quick pairs)
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #42
  • Nov 21, 2019 7:05pm Nov 21, 2019 7:05pm
after 3 weeks:
max drawdown -34!
max run up 57%
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #43
  • Nov 27, 2019 9:54am Nov 27, 2019 9:54am
I spent some time looking into martingale tried a few different ways to use it im always looking at ways to to add extra edge to my system I found if I applied it to price action set ups picking tops and bottoms and when they failed i would triple up the other way it seems to ad value to my system but still testing for now. I only martingale once per trade.
Turn your wounds into wisdom
  • #44
  • Nov 28, 2019 6:41pm Nov 28, 2019 6:41pm
Martingale will only work long term if your settings are very conservative. In your case the account will get wiped out, your exposure is too high to sustain it over time. You are already seeing the effects...
  • #45
  • Nov 28, 2019 11:59pm Nov 28, 2019 11:59pm
Quoting Eximiuscm
Martingale will only work long term if your settings are very conservative. In your case the account will get wiped out, your exposure is too high to sustain it over time. You are already seeing the effects...
Need a long-term trading experience on this specific strategy; otherwise the result will be crooked!
  • #46
  • Nov 29, 2019 11:18am Nov 29, 2019 11:18am
Quoting GeorgeBaile
{quote} Need a long-term trading experience on this specific strategy; otherwise the result will be crooked!

Even long term experience will not help with a martingale. Only if one has a huge account and is ok with small profit relative to the investment. Sooner or later the martingale will get caught in a large trend with no meaningful pullback. This particular system is down 40% just this week and there was no serious move. What do you think will happen when market moves significantly in one direction? The account will get wiped out within a day.
  • #47
  • Last Post: Mar 12, 2021 9:11am Mar 12, 2021 9:11am
Quoting GeorgeBaile
{quote} Need a long-term trading experience on this specific strategy; otherwise the result will be crooked!
Even large experience with martingale EA, surely doom the account one day for sure. And it make tensed you while it cross some drawdown. Better create a well strategy and make earn from it.
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