FXTradepro: Strategy using a “Semi-Martingale” Position Sizing | Page 30 | Forex Factory

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FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

  • #581
  • Dec 12, 2007 9:37am Dec 12, 2007 9:37am
Thank you so much. FXtradepro
  • #582
  • Dec 12, 2007 6:44pm Dec 12, 2007 6:44pm
Quoting chawichsak
Thank you so much. FXtradepro
You are very welcome......

Dan
  • #583
  • Dec 13, 2007 4:36pm Dec 13, 2007 4:36pm
Quoting FXTradepro
If anyone is still interested in this Trading Strategy - I have been Trading EURJPY with a 30 Pip SL and 120 Pip TP with very good success using the Standard progression Sequence up to a maximum of 20 levels. So far I have not had a Sequence exceed the 9th level and I have been finding the set-up to be very low stress. Most Sequences have been closing well before the 6th Entry.

This concept should appeal to those more interested in Swing-Type Trading Method.s

If you want to give the EA a try please contact me via Email or PM.

Regards,

Dan

i love the sysytem i do have one modification though i would have a start over point.... for example i wuold go back to trade number 1 after 10 consecutive losses.... i would suck it up and take a loss and start over if i never got a win aand was on my 11th trade.... in other words i view 10 losses as a big stop loss..... just a thought.... or maybe i would at least lower the lost sizxe after 10 losses or else its too risky
  • #584
  • Dec 13, 2007 4:56pm Dec 13, 2007 4:56pm
Quoting dagoods
i love the sysytem i do have one modification though i would have a start over point.... for example i wuold go back to trade number 1 after 10 consecutive losses.... i would suck it up and take a loss and start over if i never got a win aand was on my 11th trade.... in other words i view 10 losses as a big stop loss..... just a thought.... or maybe i would at least lower the lost sizxe after 10 losses or else its too risky

Hello dagoods...........Interestingly, I am now also using a modified version of this Strategy that Trades to the 7th Level and takes a loss there (similar to your idea) if the TP is not hit. This is in addition to the Original Method. I will send you an email with some additional information about that.

Dan
  • #585
  • Dec 14, 2007 2:24am Dec 14, 2007 2:24am
Quoting FXTradepro
Hello dagoods...........Interestingly, I am now also using a modified version of this Strategy that Trades to the 7th Level and takes a loss there (similar to your idea) if the TP is not hit. This is in addition to the Original Method. I will send you an email with some additional information about that.

Dan
look forward to it...also i would think this method would work much better on a trading startegy that actually has a better than 50% success ratio...for example any of the trading methods that recieve five stars on forex factory... in the trading systems section...then you could bve reasonably assured that you wont get 10 losses in a row unless there is an anamoly of the method like 1 in 100 times and hopefully by that time you have banked profits and taken plenty of money out of your trading account....also i think maybe it works better on scalping methods with tight sl and tp since most of us dont have unlimited bankrolll..... but the key is to use it with a good strategy rather than flip a coin or a losing strategy with a negative expectation to begin with... no offense to the creator of this thread but i dislike his strategy..... seems like it loses more than it wins....better to use semi-martingale on a winning strategy i think.... IMO.... i think a strategy that pust stop buy or stop sell trades is best at or near fivb levels or support and resitance levels then you can bank a quic 12 pips as it breatest those levels or something like that...or just use nicotinas strategy or auslancos but those both have BIG stop lossess so maybe they are not suited for this...but the point is that it may work well with a winning strategy....maybe an ema sma cross strategy or something..something that is 51% to win at least and NEVER has 10 losses in a row on 10 year backtests on ea.....my 2 cents ....make an ea and send it to me so i can get filthy rich will ya!
  • #586
  • Dec 14, 2007 7:09am Dec 14, 2007 7:09am
Quoting dagoods
look forward to it...also i would think this method would work much better on a trading startegy that actually has a better than 50% success ratio...for example any of the trading methods that recieve five stars on forex factory... in the trading systems section...then you could bve reasonably assured that you wont get 10 losses in a row unless there is an anamoly of the method like 1 in 100 times and hopefully by that time you have banked profits and taken plenty of money out of your trading account....also i think maybe it works better on scalping methods with tight sl and tp since most of us dont have unlimited bankrolll..... but the key is to use it with a good strategy rather than flip a coin or a losing strategy with a negative expectation to begin with... no offense to the creator of this thread but i dislike his strategy..... seems like it loses more than it wins....better to use semi-martingale on a winning strategy i think.... IMO.... i think a strategy that pust stop buy or stop sell trades is best at or near fivb levels or support and resitance levels then you can bank a quic 12 pips as it breatest those levels or something like that...or just use nicotinas strategy or auslancos but those both have BIG stop lossess so maybe they are not suited for this...but the point is that it may work well with a winning strategy....maybe an ema sma cross strategy or something..something that is 51% to win at least and NEVER has 10 losses in a row on 10 year backtests on ea.....my 2 cents ....make an ea and send it to me so i can get filthy rich will ya!

If you've actually read through this Thread you would understand that I do not use or recommend a RANDOM Entry criteria. I agree that any good Trend Following method should work well with this Strategy.

Dan
  • #587
  • Dec 18, 2007 3:12pm Dec 18, 2007 3:12pm
Quoting FXTradepro
If you've actually read through this Thread you would understand that I do not use or recommend a RANDOM Entry criteria. I agree that any good Trend Following method should work well with this Strategy.

Dan

ok dan thanks for the correction.... was confused i guess at what i read... my apologies... may we inquire as to what your best set ups are then?
  • #588
  • Dec 18, 2007 4:12pm Dec 18, 2007 4:12pm
Dan,

Why bother with reversal entries, if you use this with trend following?

Just take only the entries that go the direction of the trend... adding position sizing and reentering after stopouts.... exactly the same as Jacko's AH method but with semi-martingale size.

??thoughts??
  • #589
  • Dec 18, 2007 4:20pm Dec 18, 2007 4:20pm
Quoting tdion
Dan,

Why bother with reversal entries, if you use this with trend following?

Just take only the entries that go the direction of the trend... adding position sizing and reentering after stopouts.... exactly the same as Jacko's AH method but with semi-martingale size.

??thoughts??

jackos? dont know that one you have a link? what strategies do you have that have at least 60% win ratio over time consistently?
  • #590
  • Dec 18, 2007 4:32pm Dec 18, 2007 4:32pm
Quoting tdion
Dan,

Why bother with reversal entries, if you use this with trend following?

Just take only the entries that go the direction of the trend... adding position sizing and reentering after stopouts.... exactly the same as Jacko's AH method but with semi-martingale size.

??thoughts??
Your idea has some merit tdion and this concept can work, however, I have found that the Stop & Reverse aspect of my set-up works better for me as many times the market reverses unexpectedly. Really, what I try to do is to enter at a time and place where the Pair has the ability to hit either the Buy Target OR the Sell Target within the Trading Day. This means that I pay attention to the ADR as well as what appears to be the prevailing trend. This Method enables me to be wrong on direction and still end up in profit.

Right now I am playing with a set-up that does not exceed the 7th Level in the progression, win or lose. I am using a much wider SL & TP than the original concept and my risk of blowing an Account is diminished. This set-up enables me to Trade with a much smaller Account size and provides much larger Profits per Sequence of Trades. This means that I need to win 3 out of 4 Sequence of Trades to remain profitable. If anyone is interested in that idea please PM or email me.

Dan
  • #591
  • Dec 21, 2007 12:11pm Dec 21, 2007 12:11pm
I'd like to thank everyone who contributed to this Thread over the past several months. While activity here has dropped considerably, I can report that I am still doing very well with the Strategy and also a variation of this method.

Wishing everyone at Forex Factory a Safe, Happy, Healthy and Peaceful Holiday Season!

Dan
  • #592
  • Dec 21, 2007 3:33pm Dec 21, 2007 3:33pm
I'd like to hear more about this entry criteria of yours
  • #593
  • Dec 21, 2007 7:17pm Dec 21, 2007 7:17pm
So would I .....
Same Whore .... Different Dress
  • #594
  • Dec 22, 2007 8:08am Dec 22, 2007 8:08am
Quoting tdion
I'd like to hear more about this entry criteria of yours
Quoting johnedoe
So would I .....

Hello Gentlemen......My Entry criteria is an "always evolving" matter since I rely primarily upon Price Action and S/R Areas. I do not believe that a technical signal exists that would be as reliable as my own 2 eyes. I trade what I see. Of course, this is my personal opinion.

Remember that I am not trying so much to determine the trend or direction as much as I am attempting to AVOID a fairly TIGHT Range. This is essentially a BreakOut Strategy with a few twists. At this point, I am Trading this method to a maximum of 7 levels, win or lose and I am using a TP to SL Ratio of 4:1 (ie: 30 Pip SL / 120 Pip TP or 20 Pip SL / 80 Pip TP depending on the Pair and considering ADR etc). I focus not so much on whether my initial direction is correct but rather that the Pair being traded has room to move either up or down to one of the specified target areas. So S/R areas are important as a way to measure (along with ADR) just how far the currency can move in the day. I also have been looking at a Multiple EMA (3,5,7,9,11,13 & 21,24,27,30,33,36 & 55) set-up that I like that assists me in reading Price Action and I continue to use S/R zones as a guide as to whether my targets can be reached. It's a bit more art than science, however, these things are working for me.

Dan
  • #595
  • Dec 22, 2007 8:26am Dec 22, 2007 8:26am
This is the first time I read this thread. But the system isnt new to me; in fact, I already have done just the same last Apr as posted in this forum.

Martingale is an exercise in "Extreme" Money Management to be successful. You can expect 100% chance of win everyday as long as you practice Extreme Money management. Your return is small but consistent; to make $20-$60 a day, you will need an equity of at least $5K and a broker that allows 0 Hedged Margin.

Hmm.. 20~60 a day on a $5k account? thats not bad. After a month, thats $400~$1200 on a $5K; a lot easier/safer than full hedged carry trading.
  • #596
  • Dec 22, 2007 8:45am Dec 22, 2007 8:45am
Quoting BurgerKing
This is the first time I read this thread. But the system isnt new to me; in fact, I already have done just the same last Apr as posted in this forum.

Martingale is an exercise in "Extreme" Money Management to be successful. You can expect 100% chance of win everyday as long as you practice Extreme Money management. Your return is small but consistent; to make $20-$60 a day, you will need an equity of at least $5K and a broker that allows 0 Hedged Margin.

Hmm.. 20~60 a day on a $5k account? thats not bad. After a month, thats $400~$1200 on a $5K; a lot easier/safer than full hedged carry trading.
Thanks for the contribution BK......Regarding the Original Method discussed in this Thread I completely agree with you. I have traded the 24 Progression Level Strategy for almost 2 years with very good success. The only issue I have with it is that it requires us to have a fairly large Account with our Broker (to make a decent full-time wage) and in light of the many issues regarding Safety Of Funds with these Brokers I have modified the Method to a much more aggressive set-up. This aggressive set-up requires much less funds and trades the Stop & Reverse concept to a maximum of 7 Levels, win or lose. Generally speaking, if you can Trade the concept to 4 Winning Progressions for every 1 Losing Progression, you can be profitable. I traded the 7 Level set-up for the past month and was able to double a $10K LIVE Account in that period.

Dan
  • #597
  • Dec 22, 2007 9:13am Dec 22, 2007 9:13am
Hi Dan,

Just read the first page of this thread and the last couple. Just love your reasoning and presentation.

I'll enjoy the rest of your thread like a holiday gift and hopefully be able to contribute to your efforts.

Merry Christmas
  • #598
  • Dec 22, 2007 9:18am Dec 22, 2007 9:18am
Quoting Poocher
Hi Dan,

Just read the first page of this thread and the last couple. Just love your reasoning and presentation.

I'll enjoy the rest of your thread like a holiday gift and hopefully be able to contribute to your efforts.

Merry Christmas
That was a very kind comment Poocher.....Have a Wonderful Holiday !

Dan
  • #599
  • Edited 9:56am Dec 22, 2007 9:21am | Edited 9:56am
One last thing I forgot to mention: Broker will love you for doing this! You are placing so many BUY and SELL positions each day, they are collecting a lot of pips in spread, they will make you #1 valued customer!

Now either that is good because of the pips they earn, or bad because you are always making money out of them.


Im still reading this thread from the start, and am currently at page 6 where my Hedged Martingale was mentioned.
Yes, my system was using Hedge and closes all only when it hits profit. The reason for this is the Margin. As you'd see, some brokers offer 0 Hedged Margin: ie if you have 1 Lot Buy and 1 Lot Sell, you use 0 margin/equity in maintaining those two positions. The problem with Hedged Martingale however is that the Lot size in the the sequence grows a lot faster than FXTradepro's sequence.

I personally havent dont extensive study into FXTradepro's martingale system but comparing the lower lot size growth curve, it appears that FXTradepro's have better control of equity.

I now remembered why i stopped doing my Hedged Martingale:
1) I dont have a full time computer. I had it running around 2AM EST until it closes.
2) My broker then, Royal FX (RTFX) would not allow me putting a BUY/SELL stop orders near news time, so it thwarts the whole system!
3) I closed that account - I was in need of money. $2500 -> $2900 after 2 months; not all profits from doing the Martingale though.

I had a script instead of EA. Reason: EA croaks when your connection to broker is interrupted; while scripts will continue running.
  • #600
  • Dec 22, 2007 12:18pm Dec 22, 2007 12:18pm
Hi Dan,

Please include me in any updated info about your system that you're sharing.

How cool to see a person of integrity attract a bunch of like-minded individuals and lead 'em on to bigger and better trading techniques.

'Am interested in your forum and subscription service also if that's different from just a basic update.

Bill Marsh
Los Angeles
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