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Martingale EA. Almost can't lose!

  • #81
  • Nov 16, 2010 12:06pm Nov 16, 2010 12:06pm
The difference here is that the nay sayers are only talking about a streight Martingale which has already been proven to not work because the trades will eventually get too big.

Modified systems like FireStorm limit the exposure to large trades by using a number of modifying algorithms and recuperating any resets on a short duration. As mentioned, this is all contained in the book 'mathematical trading' given free by personalinvestorplan.

I can not give you the link as it is against FF policy. Sorry.
  • #82
  • Edited 12:34pm May 26, 2011 12:31pm | Edited 12:34pm
Hello

I have an interesting martingle EA. Gives Money. But there are basic rules to use martingales or account will blow up:

*mini lot to start(never think to use 0.1), use 0.01
*Hot markets hours must be off, like New York Markets
*Spacing between orders 15/20 pips

This EA is good, in the hands of experienced trader. Experienced Trader will not use it at non farm patrol...to win more. A starter will.

There is something could make the EA great: changing the code to 0.01,0.02.0.03.0.04.0.05....

At the moment is doubling, what is very risky, sure. Can someone try the EA/and help to change the code? is good, only let it run in calm hours.
Thanks
Attached File(s)
File Type: mq4 Martingale 2312.mq4   8 KB | 11,550 downloads
  • #83
  • May 27, 2011 3:28pm May 27, 2011 3:28pm
Well, what you suggested won't work because you have to compensate for losses with the doubling. However there are way to use the martingale that drastically reduces the problem of the trade growing to large. I can't look at the program that you are using as I am just way too tied up at the moment but what I will do for you is to give you a copy of my book about mathematical trading if you like. It covers the martingale sequence. Just write to me if you want it. I know it is time to re write that book and bring it up to date but that can't happen just yet either. However, I would like any and all feed back so I can improve the second addition. Any way... good luck on your research. Bob
  • #84
  • May 27, 2011 5:24pm May 27, 2011 5:24pm
Thank You Very much.Is very kind from you. I was trying to make this martingale work like pipmaker, takes time to close positions, but is very interesting(pipmaker). But pipmaker makes something not usual, closes positions without loss(break even) to light account. Maybe you are right, without this safety mesure, this martingale will not work with the sequence I told...
  • #85
  • Oct 23, 2011 10:47pm Oct 23, 2011 10:47pm
I am still getting requests from time to time about the book but now that I figured out where the requests are coming from, I think that this manual may actually give readers a better understanding of the FireStorm system and how it uses the martingale. Hope this helps.
Bob
Attached File(s)
File Type: pdf FireStorm Elite Manual.pdf   924 KB | 7,369 downloads
  • #86
  • Oct 24, 2011 7:05am Oct 24, 2011 7:05am
Quoting 4xAssistant
I am still getting requests from time to time about the book but now that I figured out where the requests are coming from, I think that this manual may actually give readers a better understanding of the FireStorm system and how it uses the martingale. Hope this helps.
Bob
I take it you are selling a Martingale EA with this little PDF? If so, this should be in the commercial section, where all threads go when people are attempting to collect money from their fellow traders here at FF. Possibly that is why you are suspended from posting?
  • #87
  • Oct 24, 2011 8:00am Oct 24, 2011 8:00am
Martingale was the first strategy type that I found when I started to play in the forex market. I don't think that you can go longterm with it... yeah it may work good for some time, but then comes the day that's going to blow your account.
  • #88
  • Oct 24, 2011 8:33am Oct 24, 2011 8:33am
Can not believe that a thread on a martingale ea made it to the 6th page...
come on guys, wake up, speak to someone who knows something about math, there is no chance.
  • #89
  • Oct 24, 2011 9:15am Oct 24, 2011 9:15am
Martiangle EA is rubbish, giving you a small percentage of return about 10%, work well in the ranging area,
and in one big move trend will sweep out your account ...
using martiangle EA is like playing dead roulette, just wait the roulette to roll until it reach our turn to death.


Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #90
  • Oct 31, 2011 9:45am Oct 31, 2011 9:45am
can someone reverse EA orders makeing what have posted in 82th post. In that case when market rising and EA makes buy orders is possible to win without blowing your acc. So if here is someone who can make that reverse upgrade EA what have posted in 82 post then I can talk my whole idea about that system.
  • #91
  • Nov 26, 2011 8:54am Nov 26, 2011 8:54am
Hello there, back to the earlier posts on Page 1,
The Tp needs to be halve of Sl.
E.g. set Tp = 20, Sl=40
I.e.
Open buy position say 0.1 lot at 1.000 AusUsd,
Then pending order a Sell Stop with 0.3 lots at 0.980 (20pips below current open trade)
if Sell stop becomes opened, pending another buy stop at 0.6 lots at 1.000 then it repeats...
  • #92
  • Nov 26, 2011 1:40pm Nov 26, 2011 1:40pm
Do you want to fast track your progress toward being a profitable forex trader? One way is to avoid wasting time on ideas that can't possibly work. Martingale is one of these; it does nothing to improve trade expectancy, and it guarantees eventual ruin. The authors of posts #87 and #88 know what they're talking about.
  • #93
  • Nov 30, 2011 11:22pm Nov 30, 2011 11:22pm
progression system used by bookies... waste of time on forex....

lest see... forex market in low timeframe or even higher is more likly WHITE NOISE then ractional place where ppl buy and sell

so more or less you have 50% chance to place a winning trade... 100 pips TP and 100pips SL...

risk/reward ratio is 1:1
so when you hit 5 loosing in a raw its ok.... but... you will loose swap and spread that gonna eat all your hypothetical profits.

on 100 tp/sl you may not see your 100pips move to quicly after loosing 5-8 trades... swap gonna kill you

on 10 tp/sl spread gonna kill you...
  • #94
  • Dec 1, 2011 6:01am Dec 1, 2011 6:01am
Quoting falwic
progression system used by bookies... waste of time on forex....

lest see... forex market in low timeframe or even higher is more likly WHITE NOISE then ractional place where ppl buy and sell

so more or less you have 50% chance to place a winning trade... 100 pips TP and 100pips SL...

risk/reward ratio is 1:1
so when you hit 5 loosing in a raw its ok.... but... you will loose swap and spread that gonna eat all your hypothetical profits.

on 100 tp/sl you may not see your 100pips move to quicly after loosing 5-8 trades... swap gonna kill you

on...
No staking system, including progression, can beat a negative expectancy game, forex or otherwise.

You're correct in stating that spread becomes relatively much more significant in short TF trading. Swap is trivial by comparison.

If market represents white noise, then costs will eventually defeat all traders. However, I'm satisfied that it's possible for a retail trader to overcome costs and become long term profitable in both intraday, and longer, TFs, using a systematic approach.
  • #95
  • Dec 1, 2011 6:52am Dec 1, 2011 6:52am
just signal that low timeframe market data are more likly white noise ergo chances are 50/50 so i doubt on any mechanical system.

multiplying position is theoretically profitable if you have > then 2:1 risk/rew ratio...
bookies use this method betting draw on good soccer teams and this is 3,5 : 1 and they still loosing coz after 8 loosing series they 1$ bid become 64$ 9th will be 128 and so on...
Thay know this method and i dont know any of em who made any monay on it so...

this "system" is waste of time
  • #96
  • Dec 27, 2011 2:25am Dec 27, 2011 2:25am
Quoting falwic

this "system" is waste of time
central banks will deposit cash in your bank account everyday

all the system will works if we add fundamental and technical analysis

martingale also or any...
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  • #97
  • Dec 27, 2011 7:04am Dec 27, 2011 7:04am
Quoting 4xAssistant
The difference here is that the nay sayers are only talking about a streight Martingale which has already been proven to not work because the trades will eventually get too big.

Modified systems like FireStorm limit the exposure to large trades by using a number of modifying algorithms and recuperating any resets on a short duration. As mentioned, this is all contained in the book 'mathematical trading' given free by personalinvestorplan.

I can not give you the link as it is against FF policy. Sorry.
what a douche. $500 for martingale.. "So safe, you can use it for retirement"
he can't even back his BS with an account with real money.

here's great example of failed attempts with martin - http://www.myfxbook.com/members/FirePIP
  • #98
  • Dec 27, 2011 7:15am Dec 27, 2011 7:15am
martingale is dangerous but so is trading,. use it with caution. Better yet, don't use it unless you already now how to trade profitably. Otherwise you'll end up with blown accounts.

I've attached two free martingale EA's that shared all over the forums

I'm using them on a testing account as I type this. the account is connected to my forum profile - trade explorer.
Attached File(s)
File Type: mq4 Ilan16_v1.mq4   20 KB | 5,208 downloads
File Type: mq4 ilan_trio_v147.mq4   69 KB | 5,563 downloads
  • #99
  • Dec 27, 2011 7:54am Dec 27, 2011 7:54am
... I doubt in that last EA because there is too much factors what ruin the likelihood to win .... the best to trade is clean martingale .... very simple system. Yes ... you lost but question is how much you win before loosing. If you start with 200 dollars then if you earn 50 percent profit then take it out .... and you start again with 200 .... and so on and on ... some time you lost that 200 ... that is sure but I am sure that in that time you have win more than 200. This is my idea. And you dont need NO INDICATORS for that just a simple martingale EA
  • #100
  • Dec 27, 2011 8:59pm Dec 27, 2011 8:59pm
Quoting viracoccha
... I doubt in that last EA because there is too much factors what ruin the likelihood to win .... the best to trade is clean martingale .... very simple system. Yes ... you lost but question is how much you win before loosing. If you start with 200 dollars then if you earn 50 percent profit then take it out .... and you start again with 200 .... and so on and on ... some time you lost that 200 ... that is sure but I am sure that in that time you have win more than 200. This is my idea. And you dont need NO INDICATORS for that just a simple martingale...
sure. If it works in vegas, why not forex right?
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