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Martingale Baggio Method

  • #441
  • Jul 31, 2008 7:49am Jul 31, 2008 7:49am
There is no (automated) way to avoid a margin call using this method like any other martingale method. The market is always right and there will be times where the market just goes away in one direction or just ranges too long (if you use a stop and reverse system).

I'm up about 14% this month. Will post my statements tomorrow. I've stopped the EA now after the bad US news and closed some open positions with a small loss of less than 1%.

I've withdrawn some money again and now I'm in the lucky condition to be in the plus even with a future margin call.

I've started this method with €3.000 in march and have made a profit of exactly €3.045,39 since then. So I doubled my account using this EA in 5 month. The maximum drawdown was about 21% (=800 Euro).

Regards - Xaron
  • #442
  • Aug 2, 2008 9:33am Aug 2, 2008 9:33am
So here comes my statement for July.

As I'm now in the plus zone, I'll change the initial lot size from 0.01 to 0.02. That doesn't sound very much but will double the gain as well as the risk for a MC.

I dropped the GBP/JPY and will only use GBP/USD and USD/JPY now.

Regards - Xaron
Attached File(s)
File Type: zip Statement_0708.zip   7 KB | 502 downloads
  • #443
  • Aug 2, 2008 10:05am Aug 2, 2008 10:05am
Excellent results, Xaron.
I know your settings but what version do you use ? 3.00 or 3.33 ?
Regards.
  • #444
  • Aug 2, 2008 10:37am Aug 2, 2008 10:37am
The latest one, V3.33

Regards - Xaron
  • #445
  • Aug 2, 2008 10:46am Aug 2, 2008 10:46am
Missed that question, sorry:

Quoting Numeral
So, if u continue with manual trades closing bad ones, do u still belive u will get a margin call? Even when u have more than +500 pips free to lose?
The thing is: You don't have +500 pips free to lose. If the last level has been entered (2.56 or 5.12 lots) it only takes 20 - 30 pips to wipe your account. Just think about that 2.56 lots mean that every pips is worth about $256!

Regards - Xaron
  • #446
  • Aug 2, 2008 11:02am Aug 2, 2008 11:02am
Quoting Xaron
The latest one, V3.33

Regards - Xaron
I cannot backtest v3.33 - v 3.00 yes .
And you ?
  • #447
  • Aug 2, 2008 11:07am Aug 2, 2008 11:07am
Quoting madscalp
I cannot backtest v3.33 - v 3.00 yes .
And you ?
No, it don't work here either...
  • #448
  • Aug 2, 2008 11:18am Aug 2, 2008 11:18am
On GBPUSD v 3.00 and your settings, on february the account blew up http://www.forexfactory.com/images/icons/icon8.gif http://www.forexfactory.com/images/icons/icon8.gif but the profit was 600 % for 4 months http://www.forexfactory.com/images/icons/dollar.gif http://www.forexfactory.com/images/icons/dollar.gif.
How to avoid these death trades ? That is the question.
  • #449
  • Aug 2, 2008 11:47am Aug 2, 2008 11:47am
Quoting madscalp
On GBPUSD v 3.00 and your settings, on february the account blew up http://www.forexfactory.com/images/icons/icon8.gif http://www.forexfactory.com/images/icons/icon8.gif but the profit was 600 % for 4 months http://www.forexfactory.com/images/icons/dollar.gif http://www.forexfactory.com/images/icons/dollar.gif.
How to avoid these death trades ? That is the question.

Take out your initial deposit and schedule other withdrawals.
  • #450
  • Aug 2, 2008 12:03pm Aug 2, 2008 12:03pm
Quoting permanentjaun
Take out your initial deposit and schedule other withdrawals.
Yes but if I began on february 1st ? http://www.forexfactory.com/images/icons/icon10.gif
  • #451
  • Aug 2, 2008 12:34pm Aug 2, 2008 12:34pm
That's always the risk.
  • #452
  • Aug 2, 2008 1:08pm Aug 2, 2008 1:08pm
Quoting madscalp
Yes but if I began on february 1st ? http://www.forexfactory.com/images/icons/icon10.gif
Then you're S.O.L.
  • #453
  • Aug 8, 2008 8:01pm Aug 8, 2008 8:01pm
Anyone still making $$$ using this Martingale system ???
  • #454
  • Aug 9, 2008 11:49am Aug 9, 2008 11:49am
yes 3% this month( 1 to 8 august), average 8 % month. Just have to be carefull in days life friday with little retacement. MONEY MANAGEMENT IS ALL !!!!!!!!!
  • #455
  • Aug 10, 2008 3:27pm Aug 10, 2008 3:27pm
I got margin call on this system a couple of months ago on GBPJPY. Could anybody (Xaron) share the money management (when and how to close positions manually) as I don't see it of any advantage

Quoting pstrader
yes 3% this month( 1 to 8 august), average 8 % month. Just have to be carefull in days life friday with little retacement. MONEY MANAGEMENT IS ALL !!!!!!!!!
  • #456
  • Aug 11, 2008 6:15pm Aug 11, 2008 6:15pm
GBP/JPY would be the last pair I would ever consider use a Martingale on ...
  • #457
  • Aug 18, 2008 11:12am Aug 18, 2008 11:12am
Quoting Schminner
GBP/JPY would be the last pair I would ever consider use a Martingale on ...
Yes, I dropped it. But for the GJ the settings were slightly different - larger spacing.

You can find my settings somewhere in the thread. Currently I use only GBP/USD and USD/JPY (which creates sometimes something like a synthetic GBP/JPY). This month was the best so far, I'm up about 30%!!

jasius: You will get margin calls using this system. That's the reason I always withdraw some of the money...

Regards - Xaron
  • #458
  • Aug 19, 2008 3:00am Aug 19, 2008 3:00am
Hi All.. Happy trading day! Long time im not o9 in this forum. any latest version on martingale ea?
  • #459
  • Aug 25, 2008 3:40am Aug 25, 2008 3:40am
Quoting mattranze
Hi All.. Happy trading day! Long time im not o9 in this forum. any latest version on martingale ea?
V3.33 is the latest (that's what I use).

This month is just great so far. Currently I'm up 37%! That's unbelievable...

Regards - Xaron
  • #460
  • Sep 1, 2008 2:09am Sep 1, 2008 2:09am
47.2% in August finally.

Regards - Xaron
Attached File(s)
File Type: zip statement-0808.zip   9 KB | 528 downloads
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