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PIPS Martingale

  • #1
  • First Post: Dec 2, 2011 12:05pm Dec 2, 2011 12:05pm
In this martingale system no matter multiple lot size but we will increase PIPS that have no cost and its FREE in currency market. Starting from 5 pips TP, if any trade suddenly went wrong side we will open another trade in 50 pips away in same side but TP is 40 and the 3rd one we use 80 pips profit. share your thoughts .....!!!
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  • #2
  • Dec 2, 2011 12:29pm Dec 2, 2011 12:29pm
as a first replier i am asking the obvious question that comes with martigale strategies
what happens if you run in a series of bad runs?

say you open a buy position with 5 pips TP, but it goes x pips to the wrong direction so you sell with 40 TP, locking in a loss. then the market goes up against your sell and you open a buy again, but you have locked in another loss.
etcetc...

i hope you understand what i mean and can answer the question

cheers
  • #3
  • Dec 2, 2011 12:39pm Dec 2, 2011 12:39pm
Quoting csabz90
as a first replier i am asking the obvious question that comes with martigale strategies
what happens if you run in a series of bad runs?

say you open a buy position with 5 pips TP, but it goes x pips to the wrong direction so you sell with 40 TP, locking in a loss. then the market goes up against your sell and you open a buy again, but you have locked in another loss.
etcetc...

i hope you understand what i mean and can answer the question

cheers
we start with RSI, when RSI have sell position in 1 min TF we sell for 5 pips if gone wrong we check 5 min TF RSI for 2nd sell not opp side this time when 5 min TF shows sell conformation we sell 2nd but more than 5 pips TP cause 2nd we used grater time frame ...

3rd time we start opp side buy from 1 min same as we did in sell
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  • #4
  • Dec 3, 2011 4:07am Dec 3, 2011 4:07am
Quoting ibpo
we start with RSI, when RSI have sell position in 1 min TF we sell for 5 pips if gone wrong we check 5 min TF RSI for 2nd sell not opp side this time when 5 min TF shows sell conformation we sell 2nd but more than 5 pips TP cause 2nd we used grater time frame ...

3rd time we start opp side buy from 1 min same as we did in sell
You put in clear flowchart, I will try coding for EA.
  • #5
  • Jan 24, 2012 7:48pm Jan 24, 2012 7:48pm
Quoting akukaya
You put in clear flowchart, I will try coding for EA.

then u use EA generator to convert flowchart to Script. Then mean you are not real programmer..
Rome was not built in a day, but I will do in a day if it was me.
  • #6
  • Last Post: Jan 25, 2012 4:28am Jan 25, 2012 4:28am
Quoting ibpo
we start with RSI, when RSI have sell position in 1 min TF we sell for 5 pips if gone wrong we check 5 min TF RSI for 2nd sell not opp side this time when 5 min TF shows sell conformation we sell 2nd but more than 5 pips TP cause 2nd we used grater time frame ...

3rd time we start opp side buy from 1 min same as we did in sell
So in fact, you just pick trades based on RSI and change your TP constantly?
Where do you think your edge come from? You easily can loose 10 times in a row. Do you know how long it will take you to gain a pips back?
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