anybody using martingale system with success?? | Forex Factory

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anybody using martingale system with success??

  • #1
  • First Post: Dec 14, 2009 8:19am Dec 14, 2009 8:19am
Hi

After my really bad situation with martingale system, but everything ended good. Now I must consider this system....
I looking for guys with experience with this system? anybody has successful trading with this system in long term? or everything is good then suddenly your account is blown up?? with setup do you use??

greetings to all
  • #2
  • Dec 14, 2009 9:04am Dec 14, 2009 9:04am
Yes -- need real traders -- high net worth-- I have many using this system account size from 50k ---500k
Very profitable
today there was 3 complete squence.
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #3
  • Dec 14, 2009 9:31am Dec 14, 2009 9:31am
Quoting zamanib
Yes -- need real traders -- high net worth-- I have many using this system account size from 50k ---500k
Very profitable
today there was 3 complete squence.
hi

i see you have doubling positions after 25 pips??what the biggest sequence did you have??
  • #4
  • Dec 14, 2009 9:39am Dec 14, 2009 9:39am
Quoting quantz
hi

i see you have doubling positions after 25 pips??what the biggest sequence did you have??
Max I see in real live from 2009 -Jan to now 2009 dec 225 pips moves then retrace 25 pips.

Now you need to be smart .. what the news and what type of new coming out. Hints
Now listen up $1-------------------20K account -- keep away from forex

Real forex traders must have money to make money.

My clients does not have to worry-- the have the Eq -- high networth client.

so it does not matter how far the price goes -- it will retrace 25 pip

do your home work and see for 1 yr manually scroll back and see for your self --- look at big moves and look at your forex calender so what news came out that day
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #5
  • Dec 14, 2009 9:51am Dec 14, 2009 9:51am
thanks

I will try yours direction if you using this system for long time it could be curious
  • #6
  • Dec 14, 2009 9:54am Dec 14, 2009 9:54am
Quoting zamanib
Max I see in real live from 2009 -Jan...
thanks

I will try yours direction if you using this system for long time it could be curious
You have wrote...

20k account for 1 $pip??
2k account for 0.10%pip
0.2k for one cent pip
  • #7
  • Dec 14, 2009 10:43am Dec 14, 2009 10:43am
the key is lot size
I just give you the concept

we look at ur EQ (equity)
then give you the correct lot size (IT IS NOT MERE DOUBLING)
IF U NOTICE ON THE EXAMPLE
1 2 3 4 THAT IS NOT DOUBLING (1 2 4 8 16 THAT IS DOUIBLING)
IT IS WELL TOUGHT OUT SYTEM
Quoting quantz
thanks

I will try yours direction if you using this system for long time it could be curious
You have wrote...

20k account for 1 $pip??
2k account for 0.10%pip
0.2k for one cent pip
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #8
  • Dec 14, 2009 10:55am Dec 14, 2009 10:55am
Quoting zamanib
the key is lot size
I just give you the concept

we look at ur EQ (equity)
then give you the correct lot size (IT IS NOT MERE DOUBLING)
IF U NOTICE ON THE EXAMPLE
1 2 3 4 THAT IS NOT DOUBLING (1 2 4 8 16 THAT IS DOUIBLING)
IT IS WELL TOUGHT OUT SYTEM
ok yours system is different than real martingale you not using doubles
you trading on GPB/USD?? or any currencies too???
  • #9
  • Dec 14, 2009 11:19am Dec 14, 2009 11:19am
Quoting quantz
ok yours system is different than real martingale you not using doubles
you trading on GPB/USD?? or any currencies too???
GBP/USD for now
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #10
  • Dec 14, 2009 11:48am Dec 14, 2009 11:48am
Quoting zamanib
GBP/USD for now
thanks for valuable tips. I will try to use it on the charts, of course on demo now
  • #11
  • Dec 14, 2009 12:47pm Dec 14, 2009 12:47pm
the forex short circuit switch....lol
Annoying Precision
  • #12
  • Dec 14, 2009 12:54pm Dec 14, 2009 12:54pm
A word of warning...

Martingale will KILL your account. It's not a matter of if, just a matter of when. For more than two hundred years people have been trying this form of betting and losing.

Don't become the latest statistic.
  • #13
  • Dec 14, 2009 12:56pm Dec 14, 2009 12:56pm
yes but thats only if you naive enough to trade The past
Annoying Precision
  • #14
  • Dec 14, 2009 3:29pm Dec 14, 2009 3:29pm
Quoting zamanib
Yes -- need real traders -- high net worth-- I have many using this system account size from 50k ---500k
Very profitable
today there was 3 complete squence.
Wow, sure seems like a poor way to make 18 pips net (assuming an average of 4 pips spread).

First short +50
Second short +25
Third short 0
Fourth short -25
First long -50
Second Long -50 (2 lots at -25)
Third long 0
Fourth long +100 (4 lots at +25)

Gross 50 pips minus 8 trades at 4 pips spread (32) = 18 pips total.

You are much better off learning how to trade. Good thing it didn't continue down...... BOOOOOOMMMMMMMMM! Account gone.
  • #15
  • Dec 14, 2009 10:12pm Dec 14, 2009 10:12pm
lol
Annoying Precision
  • #16
  • Dec 14, 2009 10:23pm Dec 14, 2009 10:23pm
Quoting erikte279
lol
  • #17
  • Dec 14, 2009 10:31pm Dec 14, 2009 10:31pm
Quoting magnumfreak
Wow, sure seems like a poor way to make 18 pips net (assuming an average of 4 pips spread).

First short +50
Second short +25
Third short 0
Fourth short -25
First long -50
Second Long -50 (2 lots at -25)
Third long 0
Fourth long +100 (4 lots at +25)

Gross 50 pips minus 8 trades at 4 pips spread (32) = 18 pips total.

You are much better off learning how to trade. Good thing it didn't continue down...... BOOOOOOMMMMMMMMM! Account gone.
I was worried I was the only trader to have seen this thread. OMG. Not trying to ruin anyone's rainbow scheme but this is a means to an end. A very bad one.

Take the money and go play the slots in Vegas or......

Just learn to trade.

Going back to my hole now..
  • #18
  • Dec 15, 2009 1:21am Dec 15, 2009 1:21am
The moment someone mentions martingale everybody jumps on him. Why not try a different approach and see if there is something good in this method.
Nobody gives this method a chance because people bombard them before a decent discussion can come from it. I HAVE NEVER seen a trader in here who has tried to look into it in a positive way. I wonder if traders know that martingale DOES NOT JUST MEAN DOUBLING UP untill your acc is gone!
There are sooooo many ways applying the method with success. Lets try to have a conversation here which will add value to the topic.

Those who can only think of martingale as an acc killer, will you please stay out of this. I know that correctly applied martingale methods are profitable.......For those who do not know how to apply the method other than doubling up every 20/30 or 50 pips please stay out of the discussion.
Never Ever Give Up!
  • #19
  • Dec 15, 2009 3:03am Dec 15, 2009 3:03am
Quoting Cobra
The moment someone mentions martingale everybody jumps on him. Why not try a different approach and see if there is something good in this method.
Nobody gives this method a chance because people bombard them before a decent discussion can come from it. I HAVE NEVER seen a trader in here who has tried to look into it in a positive way. I wonder if traders know that martingale DOES NOT JUST MEAN DOUBLING UP untill your acc is gone!
There are sooooo many ways applying the method with success. Lets try to have a conversation here which will add...
quite the contrary, I studied and analyzed martingale systems for over 6 months last year. I have never seen one method that involves martingale that could sustain growth over a long period of time. Yes they work under ideal conditions, however one long trend that goes against you will wipe the account clean. Even limited and modified martingale systems will eventually wipe you out.

I would love for someone to post a martingale system that actually works consistently. I can almost guarantee you that there will be a time during the last year that if you were trading that way it would have wiped your account.

martingale systems are made for lazy people who do not want to take the time to learn how to trade. It is designed for people who treat this just like walking into a casino.
  • #20
  • Dec 15, 2009 3:33am Dec 15, 2009 3:33am
Quoting magnumfreak
quite the contrary, I studied and analyzed martingale systems for over 6 months last year. I have never seen one method that involves martingale that could sustain growth over a long period of time. Yes they work under ideal conditions, however one long trend that goes against you will wipe the account clean. Even limited and modified martingale systems will eventually wipe you out.

I would love for someone to post a martingale system that actually works consistently. I can almost guarantee you that there will be a...

The above highlighted sentence is precisely what i have been talking about in my post. Only lazy people keep on doubling up untill there is nothing left.

Your answer is just what i was referring to in my post. Your studies are based on doubling up untill kingdom comes. This is why you have this perception about the topic.

Please read carefully what i was trying to say .........

"Even limited and modified martingale systems will eventually wipe you out."

I absolutely and strongly disagree with that. You do not know how other people apply martingale and therefore you speak for yourself.
Never Ever Give Up!
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