MartinGale with Crude Oil @ 20 | Forex Factory

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MartinGale with Crude Oil @ 20

  • #1
  • First Post: Edited Mar 20, 2020 12:55am Mar 18, 2020 11:19pm | Edited Mar 20, 2020 12:55am
Please be decent and follow the forum rules and manners.

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A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.

read below for more on Martingale Strategy :

https://en.wikipedia.org/wiki/Martin...etting_system)

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hi there,

see att..

I am of the view that MartinGale strategy would do well in this case scenario as long as the discipline is followed.

I am thinking of buying at these levels in multiple accounts that I have.

PS: You might wanna view my account(s) in TE for the above stated strategy..

Please be decent and follow the forum rules and manners.
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #2
  • Mar 18, 2020 11:40pm Mar 18, 2020 11:40pm
The major challenge for this strategy would be what if $20 is the bottom? Heck I would hardly be making any money :-(
Meditate -> Workout -> Good Food = Good Life!
  • #3
  • Mar 19, 2020 12:17pm Mar 19, 2020 12:17pm
I think that a good strategy would also be to know when to stop in order not to meet the swan.... Many got quite high but then forget that it is martingale.. They got confused at some point, thinking it was their skill alone... So yeah, nice one, but would like to know what would be the optimal pull-out until you pay a lot...
Can you afford to take that chance?
  • #4
  • Mar 19, 2020 7:13pm Mar 19, 2020 7:13pm
Quoting auricforecas
I think that a good strategy would also be to know when to stop in order not to meet the swan.... Many got quite high but then forget that it is martingale.. They got confused at some point, thinking it was their skill alone... So yeah, nice one, but would like to know what would be the optimal pull-out until you pay a lot...
> when to stop in order not to meet the swan....

---> If you see my TE, there is no SL. Even if there were a 3rd World War, some of the world would survive and for sure price won't go below $1 and eventually climb beyond $30 - $40
Meditate -> Workout -> Good Food = Good Life!
  • #5
  • Mar 19, 2020 10:19pm Mar 19, 2020 10:19pm
Quoting YellowFellow
Please be decent and follow the forum rules and manners. hi there, see att.. I am of the view that MartinGale would do well in this case scenario as long as the discipline is followed. I am thinking of buying at these levels in multiple accounts that I have. PS: You might wanna view my account(s) in TE for the above stated strategy.. {image}
Who is Martin Gale? Or do you mean Martingdale?
All you touch and all you see, is all your life will ever be.
  • #6
  • Mar 20, 2020 12:53am Mar 20, 2020 12:53am
Quoting Loftboy
{quote} Who is Martin Gale? Or do you mean Martingdale?
https://en.wikipedia.org/wiki/Martin...etting_system)

A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.
Meditate -> Workout -> Good Food = Good Life!
  • #7
  • Mar 20, 2020 1:11am Mar 20, 2020 1:11am
If you don´t know how to trade, don´t try martingale!!!!
  • #8
  • Mar 20, 2020 12:09pm Mar 20, 2020 12:09pm
Quoting cuchuflito
If you don´t know how to trade, don´t try martingale!!!!
Maybe you can advise me something ?
Meditate -> Workout -> Good Food = Good Life!
  • #9
  • Mar 20, 2020 12:10pm Mar 20, 2020 12:10pm
Took profit from the long Crude Oil I have had..

PS: Wasted the profit with other pairs though..
Meditate -> Workout -> Good Food = Good Life!
  • #10
  • Mar 23, 2020 4:56pm Mar 23, 2020 4:56pm
Quoting YellowFellow
Took profit from the long Crude Oil I have had.. PS: Wasted the profit with other pairs though..
Bought again at 21.76

Total 1 Long Pos.
Meditate -> Workout -> Good Food = Good Life!
  • #11
  • Mar 26, 2020 1:08pm Mar 26, 2020 1:08pm
Quoting YellowFellow
Please be decent and follow the forum rules and manners. *-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-* A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. read...

  1. One Long Position at 22
  2. Two Long Positions (Buy limit) at 16 (placed in a/c 7355)
  3. Four Long Positions (Buy limit) at around 10 (placed in a/c 7355)

Right now just hoping it doesn't go way below $10, if it does, would buy there too..

Meditate -> Workout -> Good Food = Good Life!
  • #12
  • Apr 6, 2020 4:45am Apr 6, 2020 4:45am
Quoting YellowFellow
{quote} One Long Position at 22 Two Long Positions (Buy limit) at 16 (placed in a/c 7355) Four Long Positions (Buy limit) at around 10 (placed in a/c 7355) Right now just hoping it doesn't go way below $10, if it does, would buy there too..
Crude below $10? Anyway, I support the m. effort, the magic is to pull-out in time, before the swan
Can you afford to take that chance?
  • #13
  • Apr 15, 2020 8:39pm Apr 15, 2020 8:39pm
Quoting YellowFellow
Please be decent and follow the forum rules and manners. *-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-* A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. read...
what broker do you use for mini contract 0.01 lot in oil ?
  • #14
  • Apr 15, 2020 8:54pm Apr 15, 2020 8:54pm
So, no allowance for actually thinking about the fundamentals of supply and demand economics; especially the demand?

might take a long time to crank things back up, could be an initial surge to start, but the whole global economy is scrambled

good luck
It takes a lot for me to IGNORE you, but you can try.
  • #15
  • Apr 16, 2020 11:45am Apr 16, 2020 11:45am
Quoting hbm
{quote} what broker do you use for mini contract 0.01 lot in oil ?
RoboForex.com
Meditate -> Workout -> Good Food = Good Life!
  • #16
  • Apr 16, 2020 11:47am Apr 16, 2020 11:47am
Quoting Erebus
So, no allowance for actually thinking about the fundamentals of supply and demand economics; especially the demand? might take a long time to crank things back up, could be an initial surge to start, but the whole global economy is scrambled good luck
> no allowance for actually thinking about the fundamentals of supply and demand economics; especially the demand?

---> Certainly NOT, just using common sense that Crude oil cannot sell below 20 or 15 for long..

> might take a long time to crank things back up, could be an initial surge to start, but the whole global economy is scrambled good luck

---> Prepared for up to couple of years, BUT, hopefully some greens during summers.. by June.
Meditate -> Workout -> Good Food = Good Life!
  • #17
  • Apr 16, 2020 11:49am Apr 16, 2020 11:49am
Quoting YellowFellow
Please be decent and follow the forum rules and manners. *-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-* A martingale is any of a class of betting strategies that originated from and were popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. read...
I've begun to think that it is least likely, almost impossible that Crude Oil will ever trade below $5, prepared though..

might wanna improvise my MartinGale model..
Meditate -> Workout -> Good Food = Good Life!
  • #18
  • Apr 21, 2020 4:18pm Apr 21, 2020 4:18pm
Quoting YellowFellow
{quote} I've begun to think that it is least likely, almost impossible that Crude Oil will ever trade below $5, prepared though.. might wanna improvise my MartinGale model..
You might want to be more specific with which instrument you are trading at $5

There are spot prices, futures prices

There is West Texas oil, Brent Crude

I see a lot of confusion everywhere on the forums and chatrooms

It takes a lot for me to IGNORE you, but you can try.
  • #19
  • Edited 7:06pm Apr 21, 2020 4:53pm | Edited 7:06pm
Quoting Erebus
{quote} You might want to be more specific with which instrument you are trading at $5 There are spot prices, futures prices There is West Texas oil, Brent Crude I see a lot of confusion everywhere on the forums and chatrooms
What about Swap fees? will that be be covered by the profit?
  • #20
  • Apr 22, 2020 6:59am Apr 22, 2020 6:59am
i see oil contract for may going to negative? how about your martingale strategy for that ? even price can go negative
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