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Sustainable Martingale EA and Strategy

  • #1
  • First Post: Feb 6, 2022 9:25pm Feb 6, 2022 9:25pm
hELLO,
I would like to invite people with share their experience with various martingale strategies. and their optimal settings.
Aim to start this thread is, to share experiences and seek guidance, as majority of people in Fx community trade Martingale positions but they use wrong multipliers or bad position sizing or wrong TP and Grid setups.
  • #2
  • Feb 7, 2022 1:18am Feb 7, 2022 1:18am
Consider martingale and averaging as a tool but not as a strategy.
There won't be a specific setting giving you a peace of mind money machine. You still need to find a general edge where you can build a strategy upon. Martingale can smoothen your balance curve indeed afterwards, but success here comes from the underlying strategy not the martingale settings.
  • #3
  • Feb 7, 2022 11:10am Feb 7, 2022 11:10am
Why are you placing this thread under "Rookie Talk". This strategy is for highly experienced traders. Newbies will surely lose their account if trading Martingale.
MetaTrader 4 - so many advantages.
  • #4
  • Feb 7, 2022 11:13am Feb 7, 2022 11:13am
Quoting Drolph
Consider martingale and averaging as a tool but not as a strategy. There won't be a specific setting giving you a peace of mind money machine. You still need to find a general edge where you can build a strategy upon. Martingale can smoothen your balance curve indeed afterwards, but success here comes from the underlying strategy not the martingale settings.
Drolph. I never found the time to test Martingale. Do you earn real money on Martingale? Maybe I should give it a go.
MetaTrader 4 - so many advantages.
  • #5
  • Feb 7, 2022 7:36pm Feb 7, 2022 7:36pm
The big problem with martingale is the fat tail risk!

At some point the market is going to move further than you have equity to support.
  • #6
  • Feb 8, 2022 1:30am Feb 8, 2022 1:30am
Quoting RiskFighter
{quote} Drolph. I never found the time to test Martingale. Do you earn real money on Martingale? Maybe I should give it a go.
Using my own coded systems for years and yes - averaging is part of them.
Despite the general bad image of systems using this technique I am making money here already longterm.
  • #7
  • Feb 8, 2022 6:41am Feb 8, 2022 6:41am
Quoting Drolph
{quote} Using my own coded systems for years and yes - averaging is part of them. Despite the general bad image of systems using this technique I am making money here already longterm.
Nice. I guess it is time that I sit down and make such a system.
Yes, it could broke the account - but until then you can earn money and make more accounts with the money, then it is ok if some of them brake down.
MetaTrader 4 - so many advantages.
  • #8
  • Feb 8, 2022 10:22am Feb 8, 2022 10:22am
Quoting Drolph
{quote} Using my own coded systems for years and yes - averaging is part of them. Despite the general bad image of systems using this technique I am making money here already longterm.
What do you mean by averaging? Sorry if this is a well known term, I haven't investigated Martingale before. Is it averaging money between accounts?
MetaTrader 4 - so many advantages.
  • #9
  • Feb 9, 2022 1:18am Feb 9, 2022 1:18am
Quoting RiskFighter
{quote} What do you mean by averaging? Sorry if this is a well known term, I haven't investigated Martingale before. Is it averaging money between accounts?
When applying grid and/or martingale techniques you are (mostly) adding additional trades to open/existing ones. Doing so you are averaging your price level of getting/beeing in the greens at the cost of an increasing risk by having a larger exposure.
  • #10
  • Feb 9, 2022 4:34am Feb 9, 2022 4:34am
Quoting Drolph
{quote} When applying grid and/or martingale techniques you are (mostly) adding additional trades to open/existing ones. Doing so you are averaging your price level of getting/beeing in the greens at the cost of an increasing risk by having a larger exposure.
I understand. Thank you.

I think it is time for me to investigate the system and build some robots.

Have nice day!
MetaTrader 4 - so many advantages.
  • #11
  • Feb 10, 2022 5:07am Feb 10, 2022 5:07am
Quoting RiskFighter
{quote} I understand. Thank you. I think it is time for me to investigate the system and build some robots. Have nice day!
Haha! Nice try robot!
  • #12
  • Feb 10, 2022 5:16am Feb 10, 2022 5:16am
Quoting BinhAutoDat
{quote} Haha! Nice try robot!
What do you mean??
MetaTrader 4 - so many advantages.
  • #13
  • Feb 11, 2022 12:40am Feb 11, 2022 12:40am
Quoting RiskFighter
Why are you placing this thread under "Rookie Talk". This strategy is for highly experienced traders. Newbies will surely lose their account if trading Martingale.
what you said is true... i did not see it if u know how i can change it, then u can let me know.
  • #14
  • Feb 11, 2022 12:43am Feb 11, 2022 12:43am
Quoting Drolph
{quote} Using my own coded systems for years and yes - averaging is part of them. Despite the general bad image of systems using this technique I am making money here already longterm.
I also agree , I have been trading Martingale systems from 2015 till date and successfully make money every month but with a large draw down.. the fatal point is when you see large draw down, as markets break all time lows... i know solution to it, as candle close on price open/close on new order in grids, but there ia lot to study on it.
  • #15
  • Feb 11, 2022 5:29am Feb 11, 2022 5:29am
Quoting RiskFighter
{quote} What do you mean??
I mean I got you!
(kidding)
  • #16
  • Feb 12, 2022 6:04am Feb 12, 2022 6:04am
I don't think it's possible to have a profitable & low risk martingale...at one moment you'll end up with a trend, and will never close the last order in profit to make up for all the previous losses...then youre screwed
  • #17
  • Feb 14, 2022 3:05am Feb 14, 2022 3:05am
Quoting ionone
I don't think it's possible to have a profitable & low risk martingale...at one moment you'll end up with a trend, and will never close the last order in profit to make up for all the previous losses...then youre screwed
i disagree. i have made a EA that is a low risk and highly profitable martingale
  • #18
  • Feb 14, 2022 3:59am Feb 14, 2022 3:59am
Quoting Treptrader
{quote} i disagree. i have made a EA that is a low risk and highly profitable martingale
please send it to me (with a time limit) and i'll test it
  • #19
  • Feb 14, 2022 12:34pm Feb 14, 2022 12:34pm
Quoting ionone
{quote} please send it to me (with a time limit) and i'll test it
what do you mean time limit? and i have been trading wit it for awhile now testing would just be for u cuz i already tested
  • #20
  • Feb 14, 2022 5:31pm Feb 14, 2022 5:31pm
Quoting Drolph
{quote} Using my own coded systems for years and yes - averaging is part of them. Despite the general bad image of systems using this technique I am making money here already longterm.
Hello Drolph

I will not ask you to reveal your secrets, so just say no if I am getting to close. I have found the Zone Recovery system and made the robot. I am taking the trades manually using some confluence indicators. Then the robot is handling the rest, taking new trades etc.

Now such a system can be used on all kinds of instruments. Some instruments will provide faster results than others, but it is possible. The problem is the differens in volatility. The Zone needs to match volatility. I think it is necessary to fit the zone on basis of some kind of ATR.

  1. Do you use ATR for deciding the zones on different instruments og do you set it out of experience?
  2. Can you point in a direction about how large a Zone should be used?

As I said, it is ok to not answer.

MetaTrader 4 - so many advantages.
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