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Double the lot system...

  • #21
  • Edited 6:56am Jul 23, 2014 6:19am | Edited 6:56am
Quoting merquise
{quote} Interesting book Victor...do you happen to know the title of it?

No I don't know the book title because this is the "only 2 page" was posted online by an unknown person.


However if you want to read more in risk game stuff :

"Martingale Money Management" by Bob Pelletier, Stocks & Commodities magazine, 07/1988
"Martingales" by James William Ferguson, Stocks & Commodities magazine, 02/1990
"Reverse Martingales" by James William Ferguson, S&C, 03/1990
"The Trading Game" by Ryan Jones, Wiley and Sons, 1999
  • #22
  • Jul 23, 2014 8:41am Jul 23, 2014 8:41am
Thanks, will look at those and will try to find out from which book were those pages taken
  • #23
  • Jul 29, 2014 3:25pm Jul 29, 2014 3:25pm
Quoting victor_ray
hamedmodhd... It's the the wrong way only if you "can't stick to the rule or CHICKEN out at the last minute".... Example: You ALWAY start playing at 1 cent per pip from then you keep double up to "infinity ...or your balance max out leverage" If you chicken out "half way..you will lose...everything" That's the kind of game Martingale play... So 1 cent, 2 cent, 4cent, 8cent, 16 cent, 32cent, 64 cent, 1.28$, 2.56$, 5.12$ per pip is what MOST PEOPLE ... can AFFORD to double up to....10x TRY to recover your balance... After that they chicken out and...
sorry for late replay we have some vacations

i can already beat that chicken before so no problem ... just i didnt understand what you mean in the last part .. can you explan it again

If you are a "not greedy man, you can spread out the distance between 10 trade by 100 pip which mean..the market have to go 1000 pip against your 1st order in order for you to bet 5.12$ per pip <-- btw just saying if you apply this method on your SAVING ACCOUNT... it will definitely beat the banks saving account profit. Most of the time the market will range between 1-1000 pip..so you would be safe...if you play martingale with that range in mind.
  • #24
  • Jul 29, 2014 3:27pm Jul 29, 2014 3:27pm
Quoting victor_ray
Since I am so nice, I'll upload for you 2 pages COMPLEX martingale from "unknown martingale book" which I am sure no one read.... So just PICK the Martingale style FROM The book below that you can can afford to risk... {image} {image} ----- P.S Alway remember that you can alway demo and see how it go, demo is free to blown you shouldn't fear. When you do realize that you can't blow in demo and apply it to real life, do NOT chicken.. out. This is not for "weak people". Martingale is the one way FAST street. Either you get rich fast in 1-2 year or...

nice i ensure you that i will read the pages and will try to get the book also

many thanks.
  • #25
  • Jul 29, 2014 3:29pm Jul 29, 2014 3:29pm
Quoting KanGKunG
hi there, just sharing my exp with martingle, yes i can profit but also some time even i cant make it profit, at least i can BE the float or cut some losses... but the important thing is the 1st point of your entry... if the 1st point of entering your market is wrong than the whole level of martingle can make you loose more

you are right
entry point, lot size and leverage most impotent in this game
  • #26
  • Jul 29, 2014 3:40pm Jul 29, 2014 3:40pm
Quoting victor_ray
lol... I am pretty sure everyone who sign up for a 1st TIME new account with a broker, they have check the box that they must AGREE that when they lose their money it will NOT AFFECT their life". Because if you "do not check that agreement box" guess..what the broker will not let you open a live account. I am sure everyone HAVE TO agree to the Risk Disclosure but I shall post it again so that way people think they are "entitle to win just because they put in their life saving" " Forex Risk Disclosure Before deciding to participate in the Forex market,...
not only in forex in all kind of business every one should not risk money cant afford to lose like
if you open any shop in my country like example you need to pay (3month rent in cash,10% of the rent as borker fees garantee of the shop, trade licnce the it will cost you min 3000$ and incrence depend of diffrant type of shops ... and other charges that all you have to add it on you cash lose in first day you aggreed to open this shop and all of this money cant refund it.
so normaly all kind of business have a risk but with knowledge you can reduce the risk.
  • #27
  • Jul 29, 2014 3:42pm Jul 29, 2014 3:42pm
Quoting Price
{quote} This is so true. -- And although there have been some encouraging words for the Op in this thread, I believe the important point that has been missing is that in order to make a martingale system work - or for any method to be made to work - you must have the basic understanding of market movement in your head. A trader who understands the market based on thousands of hours of study could make any number of systems work. Martingale, Scalping, Volume flow... whatever works for the individual trader. Martingale is absolutely NOT a way around...

many thanks will see.
  • #28
  • Jul 29, 2014 3:43pm Jul 29, 2014 3:43pm
Quoting hanover
{quote} Excellent post IMO. There are no short cuts, no free lunch — either you have an edge that's based on a thorough understanding on how and why price moves, or you don't. Dr Steenbarger is one of the few trading psychologists who makes any sense to me. Re martingale, I agree with you and FerruFX. Uncapped martingale delivers guaranteed profit in the short term, but at the expense of guaranteeing ruin, at some unknown point in the long term. @hamedmohd: there are dozens of martingale threads on this forum. Type "martingale" into the forum search...

many thanks
i will check it
  • #29
  • Jul 29, 2014 3:46pm Jul 29, 2014 3:46pm
Quoting Aich
Using a martingale system will always lose as you will lack the kahunas to keep doubling after about 10 losses in a row. The best you will achieve is to break even. Try looking at this from a different perspective. What about doubling up each time you WIN!! Do the numbers on this and see where it can take you. The difference is that you are only risking past profits - not increasing your losses. To profit in forex, you need a good risk/ reward ratio and a good percentage of winning trades. Without these 2 bases covered, you will lose. Do the sums...

thanks Aich i will see the winning thing
  • #30
  • Jul 29, 2014 10:12pm Jul 29, 2014 10:12pm
Quoting hamedmohd
{quote} sorry for late replay we have some vacations i can already beat that chicken before so no problem ... just i didnt understand what you mean in the last part .. can you explan it again If you are a "not greedy man, you can spread out the distance between 10 trade by 100 pip which mean..the market have to go 1000 pip against your 1st order in order for you to bet 5.12$ per pip <-- btw just saying if you apply this method on your SAVING ACCOUNT... it will definitely beat the banks saving account profit. Most of the time the market will...
The last part is an example on "how martingale should be play in a safe scenario". But the problem with it is if you have to "scale between 100 pip each like

1st trade lose 100 pip,
2nd trade bet double 2x , lose another 100 pip
3rd trade bet double of the 2nd trade , lose another 100 pip ...etc
keep doing doubling each 100 pip loss...
The market usually range 1000 pip for a LONG TIME... so if you have enough money to double at the 1000 pip loss.. you shouldn't lose playing martingale because most of the time you will recover to break even at least..during the -600 to -700 pip loss.

Greedy people will want to double lot size each..20 pip... which mean they can't handle a 1000 pip drop = they lose because they are greedy.
  • #31
  • Last Post: Jul 29, 2014 10:15pm Jul 29, 2014 10:15pm
ahaa


i get you now

thanks.
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