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Martingale EA. Almost can't lose!

  • #101
  • Dec 27, 2011 9:22pm Dec 27, 2011 9:22pm
I've never seen a martingale system work long term. I bought an EA system that did just that back in the day because of impressive results and learned the pitfalls first hand. I have come across many different versions of the same over the years and just laugh because every singe one I've seen ends up blowing up. Whether it's an EA on FPA or a signal provider on Zulu they all turn out the same. The short term profits are enticing but compounding your losses to hopefully make a profit in the end are just like playing black jack in Vegas and doubling your wager every time you lose. Try it... you play long enough and you will always hit a streak that burns your bank roll. There are many other safer strategies that make just as respectable returns without the insane draw down.

In my opinion a martingale strategy should never be considered in a serious trader's portfolio.
  • #102
  • Dec 28, 2011 3:55am Dec 28, 2011 3:55am
Yes you have right it work in vegas and it work here ... and yes, martingale dont survive long term ... but it survives a week or so and thats enough. Every end of week you take out your profit and thats it. Second thing is that deposit should have as little as possible, but not very little. Why it is so ... let me explain: if you start trading with 2000 or 5000 or 10 000 dollars then you dont make it double in week or two. And probably you loose more because you dont know when take out profit. And it is so because your account is too big and it allows you lost the money a little. BUT IF you start with 200 then if you have earn 100 dollars (it is 50 %) then it is clear signal that now you should take it out. If you start play with 5000 then I am sure that you dont take out 100 dollars. But yes 200 blows much more easily as 2000 but if it blows it is much better then blowing 2000.
  • #103
  • Dec 29, 2011 7:21am Dec 29, 2011 7:21am
Quoting TSlater

In my opinion a martingale strategy should never be considered in a serious trader's portfolio.

yup. my $2o cent account made 50% in a week then busted on the last USD rally. its far from a solid strategy but fun to test. i've seen "Lovely Megan" on year 2 now =)
  • #104
  • Dec 31, 2011 4:19am Dec 31, 2011 4:19am
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
do you know where I can get the Firestorm EA?
can you post it in here please
Bulls are stupid Animals!especially when Im short!
  • #105
  • May 14, 2012 12:09am May 14, 2012 12:09am
I'm trading with this idea (martingale). It's work fine for me...

gaining about 1%-2% daily, and about 25% monthly.
  • #106
  • Jun 27, 2012 5:47am Jun 27, 2012 5:47am
Is there any martingale EA's that open the next trade in the opposite direction than the previous losing trade (Is it called Grid martingale?) that uses bigger risk reward ratio than the usual 1:1?
In that case you don't need to double your previous position size after each loss and your account can survive more losing trades in a row, although the range where you're not going to make any money increases.
  • #107
  • Jun 27, 2012 6:53am Jun 27, 2012 6:53am
I post this idea at another forum.

using macd as a main signal, only trade on the same direction. yes it will not work on super choppy market. but maybe good to using 15 min macd as the signal.
  • #108
  • Oct 28, 2012 3:43am Oct 28, 2012 3:43am
I am very curious about the use of martingale in forex trading, so much so, that I did have an EA called FRED specifically built for this. I can understand the negative comments surrounding the use of martingale in trading as I too have blown plenty of demo accounts with my EA.

But having said that, I have found some consistency with it, forward testing it on a demo account for nearly 5 months now. This is only a demo account, but it has doubled my account, and the max drawdown was around 37%. There are a couple of things I did learn, and that was to start small with 0.01 lots, be able to hedge and also have high leverage. A few things US traders don't always have access to.

I was originally trading 13x pairs on the 4hr charts, but have since dropped a couple of the non performing pairs like USD/JPY and EUR/GBP as they were just tying up margin for way too little with little to show in return.

I have just started trading live with this EA on 1x pair, but what I have done, is also added two of my other EAs to the same pair. These EAs are both more traditional trend following methods that are based on certain indicators. I go in on these with 0.1 lot position size. These two EAs generally perform pretty well but do need some manual intervention at times. The theory is that if FRED is going well and doesn't go into martingale mode, then all is good as the other 2x EAs will also be adding to my profits. When FRED does go martingale, and before it gets too ugly, at least one of the other EAs will pick up the new trend, and hedge any losses being made by FRED, hence the larger position size. It may get to a point where I decide to close all open positions on two or three EAs, where they would then reset themselves, where any losses by one will be more than offset but the other EA/s.

I am only trading one pair for now as it does take a bit of looking at charts just to keep track of all open trades, especially as the trade lines are on all of the open charts on the one pair, so I have lives everywhere. Slowly getting use to it and it seems to work well, and allows me to relax a bit more than just having FRED run as a stand alone EA. I only check my charts three or four times a day and that is probably a bit of an overkill. Ideally would like to do exactly what I have just done on my demo, withdraw the original deposit and then just let it run on free money. That's the plan anyway. Open to suggestions from others though, and if you want to have a look at any of my free EAs, feel free to contact me through my website in my signature below. Cheers.
JAGfx
  • #109
  • Oct 28, 2012 2:41pm Oct 28, 2012 2:41pm
I have also experimented a lot with Martingale strategies, and I even had an Ea for MT4 made for me based on my ideas, it can definitely be done, and it is very profitable if you know what you are doing, the strategy is in my head, the problem is lack of good programing skills to put it into code. the Ea I had made was not performing as intended. and also MT4 is not performing as intended, I believe that is one of the reasons I never got it to work properly. the strategy is solid tho, I think i will try to make the EA for tradesttion or Jforex in the future, the key is for it to recognise when there is a trend change, closing out all positions at this point will save you from huge drawdowns. it can be done with a moving average filter or more advanced.
Bulls are stupid Animals!especially when Im short!
  • #110
  • Nov 12, 2012 11:08am Nov 12, 2012 11:08am
Quoting jarcrocker
Sorry. The numbers I just posted are incorrect. With a 10tp/10sl you are just breaking even when you double the lot sizes. You would have to either
A- Shrink the SL
B- Increase the TP
c- Increase the lot multiplier

Heres an illustration for us visual learners!
In this the SL is 10 but the TP is 20

Market @ 1.8130 buy 1 lot 20tp/10sl
market @ 1.8120 sell 2 lots 20tp/10sl
market @ 1.8130 buy 4 lots 20tp/10sl
market @ 1.8120 sell 8 lots 20tp/10sl
market @ 1.8130 buy 16 lots 20tp/10sl

Finally the market quits ranging
market...

I have started from today and have seen 50% sucess! i will give my feed back after completing 100 trades.
  • #111
  • Nov 12, 2012 6:55pm Nov 12, 2012 6:55pm
Quoting roughtrader
I have also experimented a lot with Martingale strategies, and I even had an Ea for MT4 made for me based on my ideas, it can definitely be done, and it is very profitable if you know what you are doing, the strategy is in my head, the problem is lack of good programing skills to put it into code. the Ea I had made was not performing as intended. and also MT4 is not performing as intended, I believe that is one of the reasons I never got it to work properly. the strategy is solid tho, I think i will try to make the EA for tradesttion or Jforex...
I think much of the strategies do not work when automated, because EA has very little quality in your code.
It is impossible to run an EA with 2000 lines of code and have guaranteed code execution.

We have an EA with a big engine operation. Many thousands of lines of code.
You can easily add any strategy.
And we got that actions have to do metatrader, running at the right time that must occur.

Their strategy would certainly executed with precision by our EA.
  • #112
  • Nov 12, 2012 9:33pm Nov 12, 2012 9:33pm
Quoting Antonsak
I think much of the strategies do not work when automated, because EA has very little quality in your code.
It is impossible to run an EA with 2000 lines of code and have guaranteed code execution.
???

One of the strangest comments I've read in a while.

Over the last 3 years, on and off, I've been writing an EA for a client; it currently has > 3,500 lines of code, and it executes perfectly well.

The size of an EA has nothing to do with the accuracy of the code, or the performance (profit-wise) of the EA.

If you want to sell your EA, or your coding services, you should be posting in the commercial forum.
  • #113
  • Nov 13, 2012 12:15am Nov 13, 2012 12:15am
Quoting hanover
???

One of the strangest comments I've read in a while.

Over the last 3 years, on and off, I've been writing an EA for a client; it currently has > 3,500 lines of code, and it executes perfectly well.

The size of an EA has nothing to do with the accuracy of the code, or the performance (profit-wise) of the EA.

If you want to sell your EA, or your coding services, you should be posting in the commercial forum.

I am not in this forum with the intention of selling my work. I do not sell my EAs.

I really firmly believe that is one reason why there are very few profitable EAs.
Codes very simple, do not have enough capacity to adapt to changing market conditions.
An example, my control functions, which ensure that all actions occur in AD, occupying 5000 lines of code.
It's another way of doing things.
And I think it works best.
I have contacts with people working in large banks.
They are working at a part of the elite of the encoders.
And I have commented that they saw smaller EA has more than 3 MB of code.

EA's record smallest I've seen this in 140 lines of code.
And there was a thread on a forum, and several people wrote about this code and performing adjustments.
It is impossible for something like that to work.
  • #114
  • Nov 13, 2012 12:53am Nov 13, 2012 12:53am
Quoting Antonsak
I am not in this forum with the intention of selling my work. I do not sell my EAs.

I really firmly believe that is one reason why there are very few profitable EAs.
Codes very simple, do not have enough capacity to adapt to changing market conditions.
An example, my control functions, which ensure that all actions occur in AD, occupying 5000 lines of code.
It's another way of doing things.
And I think it works best.
I have contacts with people working in large banks.
They are working at a part of the elite of the encoders.
And I have commented...
OK, I understand now. When you say "work", you are talking about profitability, not about the code executing correctly.

I agree that, everything else being equal, complex rule-based systems are more likely to be profitable than simpler ones. If a simple EA like "buy on a given MA crossover, SL=20, TP=40" created a lifetime guaranteed edge, then everybody would be profitable — which of course is impossible, given the way that markets operate on a willing buyer/willing seller requirement.

I suspect that traders' inability to find a simple, rule-based edge causes them to try dodgy MM systems like martingale, the subject of this thread.
  • #115
  • Sep 15, 2013 7:51am Sep 15, 2013 7:51am
Hi BurgerKing,

I am interest in the demo version of Burger Martingale Hedge posted at http://www.forexfactory.com/showthre...t=12068&page=2. I have tested it on a demo account and got some positive results. Now I want to get a version for Live Account, how can I get it?

Thanks
Attached File(s)
File Type: ex4 Burger Martingale Hedge.ex4   12 KB | 2,601 downloads
  • #116
  • Oct 22, 2014 9:36am Oct 22, 2014 9:36am
Quoting sugenk
I'm trading with this idea (martingale). It's work fine for me... gaining about 1%-2% daily, and about 25% monthly.
hi sugenk...r u still using the martingale sys...would you like to share your system?
"juz tryin' to beat my yesterday..."
  • #117
  • Jan 19, 2015 9:40pm Jan 19, 2015 9:40pm
This is all manual.. Looking for ea
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 271 KB
  • #118
  • Jan 22, 2015 7:06pm Jan 22, 2015 7:06pm
I'm done building the prototype...hahaha...
But only prototype, still buggy though.

With gap 60 pips, factor of 1,2,3,6,12,....(0.01, 0.02, 0.03 lots, so on...)
Target is only 0.10$ (too small actually),
But ran it overnight (US open time), got profit $23.

Need to finish this...
If you ask me to code/fix your EA... it's probably not for free...
  • #119
  • Jan 22, 2015 7:54pm Jan 22, 2015 7:54pm
your target is base on pips or money?
  • #120
  • Jan 22, 2015 8:02pm Jan 22, 2015 8:02pm
in term of math
if base on pip..
if u r using trap..
with mm 1,2,4 or 1,2,3,6 when ur set a gap 'X' pip.. your TP must be more than 'X' pip...

but if u want ur TP same as ur 'X' pip, your martingle must be triple which is 1,3,6,12,24 but of course you need more big account and leverage
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