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Martingale easy rules

  • #1
  • First Post: Edited 2:12pm Nov 17, 2018 1:51pm | Edited 2:12pm
Hi,

I just want to share this simple EA which i have made last night also to show you guys that math always wins and hopefully we can find some improvements.

Easy rules;
Buy and Sell at moving average cross over (set to 9 and 30)

stop loss 425
take profit pips 600

if stop loss was hit on last trade, double the lots.

if take profit was hit reset lots back to 0.01

It doesn't make you a millionaire as far i can see so far, but it does do profit and I hope to get some good input from you guys and maybe also some more accurate test results.

For now i share the compiled version, but might share the code later, just see where it goes.

Edit; change moving average to 30 instead of 50 for results test 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: results.png Size: 63 KB
Click to Enlarge Name: results test 2.png Size: 64 KB
Attached File(s)
File Type: ex4 trendFollowing.ex4   10 KB | 641 downloads
File Type: pdf Strategy Tester_ trendFollowing.pdf   166 KB | 661 downloads
  • #2
  • Nov 17, 2018 3:02pm Nov 17, 2018 3:02pm
I am eagerly watching this thread, subscribed!
  • #3
  • Nov 17, 2018 4:21pm Nov 17, 2018 4:21pm
Good luck to everyone, because Martingale is a hard pavement. Subscribed
  • #4
  • Nov 18, 2018 6:59am Nov 18, 2018 6:59am
In order to be a lil more conservative, can ea be made adding a 1 lot size instead of doubling it?. I've been experimenting it and think it worth a try, also ea need ability to start and stop trading at a pre-defined hours.
  • #5
  • Dec 6, 2018 3:54pm Dec 6, 2018 3:54pm
This system gets absolutely obliterated in 2014 with EURUSD.

Which is what happens to most martingales eventually.
  • #6
  • Dec 7, 2018 2:39am Dec 7, 2018 2:39am
According to me from all its looks complicated , subscribed
  • #7
  • Dec 10, 2018 4:36am Dec 10, 2018 4:36am
Watching with interest.
  • #8
  • Dec 17, 2018 6:48am Dec 17, 2018 6:48am
Quoting Beerbelly
Hi, I just want to share this simple EA which i have made last night also to show you guys that math always wins and hopefully we can find some improvements. Easy rules; Buy and Sell at moving average cross over (set to 9 and 30) stop loss 425 take profit pips 600 if stop loss was hit on last trade, double the lots. if take profit was hit reset lots back to 0.01 It doesn't make you a millionaire as far i can see so far, but it does do profit and I hope to get some good input from you guys and maybe also some more accurate test results. For now i...
Dear Beerbelly,

Nice work on putting together an EA to share with FF. Just carefully consider all the math of doubling.

Question to ask yourself: How many losses in a row are possible with this EA that has a success probability of ~42% after taking 100, 400, 1000 or even 2000 trades?

Then you will have an idea then of what to expect. I will give you a hint for 2000 trades: It is highly likely to encounter at least 14 losses in a row. The lots needed at 14 losses if doubled is 1638.4 (@ ~$350/ Lot = $600,000 in margin Min @ 500:1 Lev..) Just so you can get to B/E +1 and ever 1 pip movement is ~$16,000...Just watching that would make most traders sick.

Hope this helps with thinking about what are the current limitations of this EA. Math does win, but only if we ignore other factors (commissions, slippage, Lot limits, open trade limits) and have unlimited balance at the disposal to maintain margin.

How to improve: I don't support martingale, but if you want to continue down this path I would suggest to really focus on success rate to reduce the Max no. of expected losses in a row. This will in turn reduce how much you need to double before you can not further.

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #9
  • May 30, 2020 12:11pm May 30, 2020 12:11pm
I have heard that this approach is extremely dubious and complicated and does not allow you to save your money at all. But as this review has shown, the most important thing is to understand the mechanism and make competent calculations so that you can clearly understand what amounts and when you can use them in the market. Because in fact, any approach or tool that you do not fully understand can be the very reason that prevents you from understanding the market and getting the desired income. So I would say that the market is not a place for skepticism or irony, but it's a definite experience for constant study and development, because you can always find something new and unexpected here. And this is the most important motivation, which should motivate the trader to work, and money of course
  • #10
  • Jun 1, 2020 6:24am Jun 1, 2020 6:24am
No fucky betting scheme will turn a losing strategy into a winning strategy, but it can turn a winning strategy into a losing one. Being retarded and using shit like martingale is only shifting the way the inevitable implosion will express itself.
Congratulations ScalaFX for coming out of the closet!
  • #11
  • Jun 1, 2020 7:06am Jun 1, 2020 7:06am
I see many people criticize martiagle as bad. But, some accounts I find profits are there.
  • #12
  • Jun 1, 2020 7:10am Jun 1, 2020 7:10am
Quoting kavanto
I see many people criticize martiagle as bad. But, some accounts I find profits are there.
Until eventually there aren't profits, just one massive account closure. Use your brain.
Congratulations ScalaFX for coming out of the closet!
  • #13
  • Jun 1, 2020 7:21am Jun 1, 2020 7:21am
Quoting nubcake
{quote} Until eventually there aren't profits, just one massive account closure. Use your brain.
I know that, so you don't need to remind.
  • #14
  • Jun 3, 2020 10:05pm Jun 3, 2020 10:05pm
Martingale is profitable but really dangerous. One day you can lose everything playing with Martingale. So be careful friends!
  • #15
  • Jun 4, 2020 7:12am Jun 4, 2020 7:12am
Quoting ulianacheck
Martingale is profitable but really dangerous. One day you can lose everything playing with Martingale. So be careful friends!
Russian roulette is profitable, but really dangerous. Be careful friends!
Congratulations ScalaFX for coming out of the closet!
  • #16
  • Jun 28, 2020 10:20am Jun 28, 2020 10:20am
Quoting nubcake
{quote} Until eventually there aren't profits, just one massive account closure. Use your brain.
This.
  • #17
  • Jun 28, 2020 11:40pm Jun 28, 2020 11:40pm
Hi im a fairly new trader Starting off with cryptos but trying to gain forex knowledge off my own back, just a quick question for anyone willing to answer

if i have opened a buy trade On GPB/USD at 1.2368 with
1:100 leverage
With 1.00 lots

how much margin will this require?
i am struggling to work out how much of my balance it will cost make a trade
I did make £42 profit on this trade however i know it is very risky as the leverage is quite high only noticing after i made the trade as its a demo account now i am using 1:20 leverage but someone please help me work out how much it is costing me in actual pounds to make this trade thanks
  • #18
  • Jun 29, 2020 1:31am Jun 29, 2020 1:31am
Quoting Reco98
Hi im a fairly new trader Starting off with cryptos but trying to gain forex knowledge off my own back, just a quick question for anyone willing to answer if i have opened a buy trade On GPB/USD at 1.2368 with 1:100 leverage With 1.00 lots how much margin will this require? i am struggling to work out how much of my balance it will cost make a trade I did make £42 profit on this trade however i know it is very risky as the leverage is quite high only noticing after i made the trade as its a demo account now i am using 1:20 leverage but someone please...

1 lot of GBPUSD is 100000 units of base currency, i.e. 100K GBP. With 1:100 leverage it will lock 1000 GBP / 1.2368 = 808 USD of your balance as margin.
  • #19
  • Jun 29, 2020 1:32pm Jun 29, 2020 1:32pm
Quoting bottomhigh
{quote} 1 lot of GBPUSD is 100000 units of base currency, i.e. 100K GBP. With 1:100 leverage it will lock 1000 GBP / 1.2368 = 808 USD of your balance as margin.

Appreciated very much i thought it was more simple than i thought, thankyou thought all the best
  • #20
  • Jun 30, 2020 6:29am Jun 30, 2020 6:29am
Quoting bottomhigh
{quote} 1 lot of GBPUSD is 100000 units of base currency, i.e. 100K GBP. With 1:100 leverage it will lock 1000 GBP / 1.2368 = 808 USD of your balance as margin.
I'm rusty with this shit, but why are you even mentioning leverage? 1 lot is 1 lot. Leverage (and thus margin) is only relevant when discussing account sizes.

So often on this forsaken forum I see people talking about leverage in ways that just don't resonate.

Unless my brain has fallen out of my ass (possible) then mentioning leverage here is no more relevant than mentioning the ratio of noodles to soup in my pantry.
Congratulations ScalaFX for coming out of the closet!
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