an old song with a new rythym

Hello everyone,

As a professional gambler in another life no one need remind me about the problems inherent to any Martingale system.

And yet I've made some casinos very unhappy walking away with thousands of 'their' dollars using one. You just need to know where & how to tweak Mr. Martingales original premise.

Same is true with the Forex. You just need to know where and how to tweak the infamous mt4 Martingale EA's.

After experimenting with several already bouncing around the various forums -- enough to know what needs to be done to be successful from a professional gamblers perspective -- I was wondering if anyone would want to help build the ultimate Martingale EA?

Hi magicchance,

I am a fan of martingle EA. I see big potential and still not find a better way to tweak the mc potential.

Intersting to coding one if you have new ideas, pls P.M or email me at [email protected]

Well, I just dropped by quickly to check my PMs, but I couldn't resist replying to this post.

Let's just say that if there was any MM-based system capable of indefinitely beating the casinos (or forex), then every casino would be broke by now, and the forex market would no longer exist.

No offense, Magicchance, but how is it that you've discovered something that's eluded the greatest mathematicians, academics, gamblers and traders for many, many years?

I'm not saying I've made millions at the casino, but I have made many thousands more than I've lost.

And I never said I was the only one to do this.

I'm perfectly happy to discuss my methods here. This is not a secret, and I have nothing to sell. But one thing I won't do is waste time fielding flames or time wasters.

If there any serious programmers here that can help, do please get in touch. I promise it will be worth your time.

I'm not trying to flame, sorry if it came across that way.

It's just that, despite all of 'beat the casino' systems being sold, none of them work (at least, all of those that I've taken the time to examine). I strongly suspect that's because the casino only offers games where it has an edge, and gaming theory says that ultimately the punter can't win a negative expectancy game, no matter what MM he uses. Of course there have been successful Blackjack players, but that's because card counting allows them to turn BJ into a positive expectancy exercise, by placing higher bets when there are significantly more high point cards remaining in the shoe.

There have been lots of Martingale and MM type threads on the forum, and the vast majority seem to die out quickly. I've posted in many of them, e.g. here and here. In posts #31, #32 and #43 of this thread, I've attached XLSs that illustrate how MM is irrelevant in terms of altering expectancy.

I'd certainly be very interested to see your approach, if you're willing to share. I'd be delighted to be proved wrong, because it would mean that there is a way I can use MM to improve my trading performance.

I have 25+ years programming experience, and have written a number of MT4 EAs. Rather than being paid an hourly rate, I'm happy to code for 'future pips', provided that I'm convinced that an approach is profitable enough to make the exercise worthwhile.