Martingale or not martingale?

Hello fellow traders

Now I've been searching for an EA that will trade as follows: You open a trade - let say a buy - so if the market go against you you open in the oppisit dirrection a double lot trade - so it is sell of course - and then if the market keeps going down then you wil acheave profit and close the whole cycle and begin from start. But if the market go up then you have to open a buy that is double lot from the last trade and that was a sell.
And you keep doing that untill you acheave profit. I dont know what this concept is called. But it is a very old idea. I dont know if you know such an ea that will do this concept?

https://www.forexfactory.com/thread/...s-from-zero-to

[cita = Vicente; 13509877] https://www.forexfactory.com/thread/...s-from-zero-to [/ quote]


Lo siento. Tengo prisa y no hablo inglés. Revisa el link.

[quote=Vicente;13509878][
Thanks for the EA, but this does another aspect of the martingale. What I want is an EA that will go opisit of the direction when the market goes against you. So if you are in a short position, then the market move up, then your next trade will be double lot size with a long position. An so on.

https://www.mql5.com/en/forum/91432/page4

https://www.forexfactory.com/thread/...ding-system-ea?

[quote=Vicente;13510418]

Thanks so much for your inputs. It was really useful. I found my idea in the reko EA you provided me the link. But could not figure out the otg recovery zone. But no problem since my idea was found in the other ea.
So I started the game of playing with it.

Thanks again.

[quote=aalaarajy;13510546]
Good morning.
I was interested in this topic for a long time but I have left it.
A developer made a free change to the original EA.
But he didn't give me the code I only have ex4.
Work with manual orders.
Magic Number = 0.
You place the EA on the chart, you place the order manually and the EA manages the order that you entered.

Greetings from Ecuador

https://www.mql5.com/en/code/15447

Original EA

Long term you will lose money using martingale alone..although In sure there are some big time traders that use martingale in some form profitably bit it's not as simple as the traditional method. Also do not waste your time with EA's you will just blow your account eventually. If you are going to do it make sure to take out your initial capital once you double your account so that way you won't feel too bad when it blows up

[quote=viptrading;13511960]

100% agree. I have difficulties learning real manual trading, so I am trying to find out if I can use martingale/grid EA's to find a method where I either can get very small profit consistently. Or. A method that can double my account many times in a short period, but here is ok the possibility of margincall, so I can always start with a very small capital.
But so far all the backtesting I have done, and also the demo accounts I am running tell me just one thing, and that is what you have said in your input.

All in all: I am about to leave this market. Seems that this is a very big beast that I am too small to handle. Lol

Why not just learn how to trade normally without the use of martingale. Study financial markets and learn how to trade. It will be more worth your time in the long run.

[quote=viptrading;13512198]{quote}{quote

I have some personal issues that prevent me from learning it propperly, so I just keep playing around with these martingale/grid methods
The funny is always when I say now it is time to quit and say buy, I found a new idea and like to try it. But I am sure that all the ideas is things you already have tryed and found worthless..

Anyways. I think the conclusion have to be that Martingale/grid can have good use in the right hands. Traders that know what is doing, and have the right skills and knowledge and tools, and can consider martingale/grid is just one tool among tons of other tools to enhance their chances and possibilities of success in this market.
Because imagine with me a professionel trader that know how to analyse the market. This trader can start the EA of martingale in a point where it is very likely that the market will come with him, so if it goes against him, then the martingale will help in two or three positions. no more. And if he found him self in a bad situation, then he will exit the trades and accept the losses.. Then start again from another point and from another chance.
Not like me, running the ea 24-/5 and expecting success.

[quote=viptrading;13512198]{quote}{quote

Look at this
https://www.forexfactory.com/thread/...0#post13515440

Also an idea I wanted to try without any luck. Not because I have backtested it and it failed, but because I could not found an ea with this twist so I can try it. But I feel also it is a faleore when we will put it in real trading.

Antimartingale is a perfect combination.and with statistical evidence of a real edge on the markets.
Add size when the trade is with you ,
Decrease size when is against you

I am absolutely not a fan of martignale. I also don't like systems that work without SL and run into negative for ages in the hope that the market will turn in the right direction again. There will always be market situations where you can make good profits with Martignale and without SL. Give me a chart and I'll show you such places. Build an EA around it and sell this strategy with a really great chart from 5 years ago. But there are also the other trading days where the market runs against you 5 times. If you then trade a market you need a lot of capital and if you then also lose the 6 trade you are rid of all your money. With your trading idea, I think about how you define the exit. What if you open a position, the market turns against you, you open a double position in the new direction, and then the market turns in your original direction. Then when do you close the 2nd position?

Here is a secret. Instead of martingale traditionally. Take your max risk, lets say its 10%. Split it up into maybe 2 or 3 parts. Average into your trade. Does not matter if the trade is going in profit or not, just add to it slowly. This is better than entering at one price, and also will allow you to get in at a better price if the position goes against you.

This is called dollar cost averaging, but you can still use this with day trading also...

Good luck.

New traders should always avoid any kind of marting-gale system.

I tried before...the zig zag can be a nuisance

Martingale doesn't work in most cases. The main problem with EAs is that although martingale helps with getting out of trouble sometimes there are no SL so eventually its going to be a downfall of the EA as it'll bust. Manual trading is the best way forward. Find a simple strategy once the conditions are met enter and manage risk. You'll be profitable(besides obvious psychological factors)