Simple Martingale System

can't agree more on the beauty of such simpleness, hoho.

at least, i can help you a little bit on put on 2 more levels.

don't do 1, 3, xxxxxxx;

but do this, 1, 1, 2, xxxxxx;

in fact, a better idea is that you accept the FAILURE at 4 or 5th levels. it doesn't kill as much capital as you think...

I'd used the above settings (1,1,2) for years...and it doesn't blow my account with the above settings. I place bigger steps, at times, like an 80-120 pip step.

As i knew, martingales are a way to cover loses on wrong trades positioning only, not On Purpose Doing Martingale, by placing additional orders and hope that when the market retrace, it will cover your losses. Retrace will always happen at almost all pairs, whether its a 20%, 50% or a complete 100% retracement. Above all, its important that you start by placing small lots size, and make sure your account don't blowout with just a 400-600 pips loss. Consider money management in this system..its very important.

We can discuss more if there are any questions on martingale.. our group of traders call it "Casino Style" trading..

Have a nice Weekend..

http://www.forexfactory.com/showthread.php?t=109589

This was suggested some time ago. Not for US brokers (No Hedging) unless you have sub accounts. There is an EA on the above thread for you to try.

You can use a 200 EMA and when the PA crosses the MA use 2 3 and 4 Atr levels to start you martingale

or

as suggested earlier, start the EA when extremes have reached. STOC crossing 89 or 20 line etc.

Cheers

Pat

I had this ea, from a friend of mine.

If anyone had the mqlcodes..might wanna share it here..

it run on both 4digitand 5 digitbrokers..

Here's another martingale.. by the famous Waddah Attar..

Attached are the backtest results from dec2010 till now.. may.

For forward test,you may use the parameter settings from the attached backtest result, or if you have any settings better than this, u guys might wanna share here..

cheers..

Yep. You would get the same kinda figures with roulette also. I mean what are the chances of red coming up 15 times in a row?

Next you will be telling me the "Law Of Unequal Distribution" is on your side and talking crap about probabilities.

Martingale may work for a short term but eventually you hit a losing streak and blow your account. Good luck

thats what im doing now