MartinGale with Crude Oil @ 20

Strategy blow up if so

If we can get through th roll of june, we should be more or less safe.

Hopefully no negative price again

Why not buying one lot every 5 dollars down? Divide a big lots into 4 and add all the way down

But trading CFD those negative swap will kill most profits

Either trade future? options? etf?

Hi YellowFellow,
[COLOR=rgba(0, 0, 0, 0)][/color]
This kind of strategy looks very attractive but in the end you face the blowing up effect.
I have worked on such strategy approximately 1 year with a lot of modification and made it as simple and low lose/win ratio as it is possible, but in the end it is hard to maintain it in progress due some or several bad sequence and final result is fatal every time.

The interesting is that all the time on theory if you succeed to maintain blindly the progress of the strategy doesn't matter what is happening, you will be in profit but the time period is a little big and maybe this the tricky point

If you ask me, start to trade price action!

Green pips to all!

Hi YelloFellow,

Your post caught my eye and I just want to comment my opinion.

First thing, don't listen to others. You have a great strategy, stick to it. People by default don't like martingale and they have their reasons. They, including myself, have lost a ton in the past. If there's something that works for you, you don't need anybody's validation.

Secondly, after about 15 years of trading experience in variety of markets, I have settled down with something similar technique which I want to share with you. You might be interested. It's not a martingale, but it may look similar.

About me: I started trading on commodities (GOLD, SILVER, CRUDE OIL, SOYBEANS, COFFEE, etc) about 15 years ago. Then, tried out Forex, stocks and so on. I tried price action trading, volume trading, indicators trading, pure martingale, semi-martingale, everything. Overall, I have to say that the only strategy that gave me consistent profit was Jacko's method of trading and James 16's price action trading. There was some Jankone's 5 min thread as well that was similar. But I couldn't realize the massive profit I hoped for. After evaluating myself around 2015, I realized that I was able to bag just about 8% a year with these solid techniques. The stop losses were evident and would take away the profits.

After 2015: At this time, it was already 10 years into my trading and I was a profitable trader. But I wanted to make at least over 25% return a year, otherwise why even trade? If my goal is to make just 8%, I might as well just put it in some ETF and forget about it. Then after a long research, I came up with my own strategy which I call it a 'sweeping strategy'. It's been about 4 years now and I have consistently bagged in about 20 to 40% a year. Current average is 32% if I combine for all 4 years. I am very happy with it.

Sweeping Strategy:
------------------------
There are few things here:

1. Selection of stock, ETF or a commodity futures: I have stopped trading forex. It's not for me. I don't know why but it gave me less ROI than others. I now stick with stocks, ETF and sometimes commodity futures. First rule for me is to pick the ticker that can never go to '0'. This is very important. Anything related to martingale sort of strategy never works if the company goes bankrupt. You will lose all your money. You may say that any company can go bankrupt. What's the guarantee? Well, I can tell you one thing. As long as humans are there, they will never stop drinking Coca Cola . So, Coca Cola is a safe stock to pick. Just a hint. Anyways, I have picked up about 10 stocks and a handful of ETF which I know will never go to 0. And I only trade them, period.
2. Setting the levels: This is important. Don't assume it's just doubling down. This is what giving me enormous return every year. I have a plan to invest in the market upto 10 times (martingale like). Let's say if I buy 1 lot of Crude Oil (as your example) at 20. I set the target profit to 30. Now, if the market starts to drop, I buy 1 more lot at 18. But this trade at 18 is just a sweeper trade. If the price comes up over 20, I settle this trade at 18 for a profit of '2'. The one at 20 will continue as usual. Let's say, the market instead dropped down to 16. I buy 1 more lot there. If the market comes up to 18, I settle this trade at '16' for the profit of 2. The advantage I get sometime is that market often oscillate back and forth 2-3 times, say goes down to 15, comes unto 18 in a box. If that happens, I bag the profit of '2' couple of times already. Anyways, you get the idea.
3. Quantity at each levels: I spread the quantity as below. So you see, the total amount is almost the same for each trade.

1. At 20: 1 lot, total amount: 20
2. At 18: 1 lot, total amount: 18
3. At 16: 1 lot, total amount: 16
4. At 14: 1 lot, total amount: 14
5. At 12: 2 lots, total amount: 24
6. At 10: 2 lots, total amount: 20
7. At 8: 2 lots, total amount: 16
8. At 6: 4 lots, total amount: 24
9. At 4: 6 lots, total amount: 24
10. At 2: 8 lots, total amount: 16

Anyways, I shared my system with you. I hope this helps someone here in FF. The first step I listed here is very important, otherwise you will lose everything.
Currently, I have a trading account of about 100k and I trade in about 15 tickers at a time. And I pick only the ones that are rock solid stocks that has the potential to thrive even at the worst market conditions. Thus, my risk is minimal and I have consistently been able to get over 30% a year.

If you want to double your money every year, I haven't found any strategy yet. This is the best I could in my 15 years of trading career.

Hi epilogue, 2 questions please.
Do you use the current price to determine these levels? or can you use the 52 week high to determine the levels? Thank you.

I use the current price, not the 52 week high.

Hi epilogue, one last question, do you use leverage with this strategy? Thank you.

Where you at man? Any updates on your system?

Smart, that's what the big boys been doing for ages.