Martingaling - Looks so good until the inevitable | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looks profitable, Need good Coder help 6 replies

Martingaling for a Living 81 replies

PathFinder Trading Platform. Looks good. 1 reply

USD/KRW looks like a good short 0 replies

HEDGE looks good 43 replies

Attachments: Martingaling - Looks so good until the inevitable
Exit Attachments

Martingaling - Looks so good until the inevitable

  • #81
  • Aug 16, 2014 8:26am Aug 16, 2014 8:26am
Quoting CholiPop
You can`t generalize the SL..... As the `trend`is a 100% subjective topic. Plus what if a person is scalping using a sl of 5 pips, instead that of a trend trader who can use sl of 200 pips or even higher.
Which brings up the next failure of most systems, both manual and automated and especially as applied to a Martingale concept.

This typically lends itself to the system being traded...adding in both a range for stop loss and one for taking profit. HARD STOPS!

Most of the Martingale systems you see, have only one hard stop, and that is when the account is empty....
A lot of the manual and automated systems have an idea of where to take profit and when to cut losses, but in a lot of cases, it is by way of hard stops.

Both of these are finger crossed guesses.

On Martins, you cross your fingers hoping not to blow up.
On others, you hope that your profit gets hit before your loss does.

These need and can be adjusted by the timeframe they are played, but will still always inevitably be, a GUESS!!!

Think about it...

You guess with your position, you guess with a target, you guess with an acceptable loss factor...

Does this really seem like reasonable methodology???

How many times have you been relatively sure about a position, taken it, only to be tripped out on loss, just as market turns??

How many times have you held a position, in profit, and missed a profit by fractions of the play, only to see green turn to red???
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #82
  • Aug 16, 2014 8:32am Aug 16, 2014 8:32am
Quoting pipster1
If you use solid price action principles incorporated with Martingale system, then you have a chance. However, for most traders, especially newbies, I would stay away from this. Almost every trader I have ever known who consistently incorporated some form of Martingale system was inevitably required to refund their account. And I guarantee you for every trading story boasting of increasing a $1000 account to $50k, there are a hundred others who went bust using Martingale. People tend to only report when they win. The problem with using a martingale...
Excellent!

There are definitely a lot of losers with Martingale systems...but, is the count higher on these for traders that need to add funds to their account, or is it higher for manual traders who are new to market that need to add funds to their account??

The important thing to ponder here is not the tool, but more so the use of said tool...

See the history of Redsword11, and there is no mystery why he doesn't post anymore....

Not to say that PA is not an effective tool, just to say that when it works, all is happy in tradersville...when the rubber meets the road, you'd best be having a clean pair of shorts handy and know when to get the fuck out of Dodge....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #83
  • Aug 16, 2014 8:33am Aug 16, 2014 8:33am
It all ties back to money and risk management regardless of system...be excellent at those two things and the rest will fall right in line.
"Holy Grail" exists - accepting where is the first step.
  • #84
  • Aug 16, 2014 8:38am Aug 16, 2014 8:38am
Quoting VaBikePacker
It all ties back to money and risk management regardless of system...be excellent at those two things and the rest will fall right in line.
Trigger
Range
Dynamics!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #85
  • Aug 16, 2014 8:41am Aug 16, 2014 8:41am
Quoting CholiPop
{quote} Why not? Assuming those who scalp do so because they seek or have a system that uses accurate entries, martingale should be perfect for scalping.
I don't know..haven't tried it...martingaling in such tight space could lead to problems..too much whipsaws on small tf
  • #86
  • Aug 16, 2014 11:35am Aug 16, 2014 11:35am
Quoting merquise
{quote} I don't know..haven't tried it...martingaling in such tight space could lead to problems..too much whipsaws on small tf

Really depends on the Time Frame, Triggering and Range of profit...

The choppy weeks, for what I play with, are GOLD!

The trend weeks are where you begin to bite your nails....

Distinguishing between the 2, sometimes only happens at the end of week.

Marking these cycles can a critical step in strategy...During Regular Seasional trading, there is a more defined pattern of Chop to Trend. During this Summer Session, it's not been as easy.

Looking forward to September and getting things back on track...

The current market cycle, is not as conducive to success in my strategy as was more designed around regular play. Not saying that prosperity isn't there, but it certainly isn't up to expectations.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #87
  • Aug 16, 2014 3:43pm Aug 16, 2014 3:43pm
Why is this thread still going on? Either you do it or you dont? Bitching about nothing
All posts are my personal opinion
  • #88
  • Aug 16, 2014 5:41pm Aug 16, 2014 5:41pm
http://www.forexfactory.com/showthre...799#post205799


''Most people think that communities like this forum make it easier to learn how to trade, but I am certain the opposite is true. If most of the posts are from non-winners the only logical reaction for an individual who wishes to win is fade the advice you see in these forums.

Everyone posting has a motive, even me. Most motives are simple self promotion, aspiring traders trying to make themselves feel good, look smart. A few posters have the motive to help others. Many figure that if they can't win, maybe they can help someone else and that makes them a winner somehow. Maybe so. But likely it is a case of the blind leading the blind.

I'd bet you'd rather make money from trading the markets the way things really are, not the way some very literate, but non-winner says they are. Think of that the next time you read a "helpful" post. 99.9% odds the post is from a non-winner.

Trading is a solitary business, with few peer get-togethers except by phone. And when you get discovered by people hoping to accomplish what you've done with extreme care and trial by fire (amazing fireman analogy again!) they demand your help and time (hard won by now) but don't want to compensate you because they think you should just give to them because you've been so fortunate. ''
  • #89
  • Aug 16, 2014 5:56pm Aug 16, 2014 5:56pm
Let's make it a grand old time!

Quoting Magix
I will fund an account for a cool $100 (live funds) with said idea...and let's see who can make that 50% gains on Proxies account first...The goal...first one to make a $100!
Quoting hayseed
but i did deposit 2000 in one of my spare ibfx mini's a few minutes ago..... just n case....
Quoting hanover
{quote} But surely that raises the question: if you believe that your martingale is 100% safe, i.e. will never break down, why the need to withdraw the money?
Hayseed...you gotta couple grand kicking...you down with your ideas? (I'd love to see what you got under the hood!)

hanover...you have a lot to say, are you down to play?

Appreciating that Hayseed is an American, he should be afforded an account with a larger start due to the restrictions.
hanover...not so much.
Me and proxie...I think we should be kewl at our settings...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #90
  • Aug 16, 2014 6:16pm Aug 16, 2014 6:16pm
tch, tch , MCRotter, so negative, such a downer. Most people I have dealt with know not to demand, but to ask nicely.

It's fun to pick around in the stew of ideas, and find some you would try to adapt for yourself.

I like to talk about my interests and what I do, and there are few who are interested in this thing called trading. They prefer to, as they say, work for a living.

Take a look at the report from Citibank and you will find some 30% of their customers make profit in their accounts.

While it is true that some winners keep their exploits to themselves, it is not at all unusual an impulse to crow over your successes. That's part of the fun.
I would say that of the people who post on these forums, perhaps one in four are actually making money in their accounts.

Or do you actually suppose that for nine years running Magix has continually lost money?

It is up to you to separate the chaff from the wheat, true, and the nature of things is that there inevitably is more chaff than wheat.

That you are largely accurate is not the point....
  • #91
  • Aug 16, 2014 6:18pm Aug 16, 2014 6:18pm
Quoting Magix
What say we have a little fun here.... Proximus, who knows absolutely shit about market has an account on a TE for $200. He is greedy, and can't accept 50% gains like his conservative friends make..reason being, that'd leave him with a grand total of $100 profit for a year... I get it... Proximus, believes that all Martingales are shit and will fail.... Proximus also has no idea as to how or why they fail... I vehemently, disagree! So, I say this. Let's pool a thought...I will code it and run it on a single pair, a Martingale (my select styling)....
I have officially become an EA addict. Thanks Magix, you suck.

That said, and I am speaking to Proxy here, whom I happen to like. Proxy, if you code an EA to trade in the direction of the monthly trend, and tell it to add in accordance to whatever your trigger logic is, whether in drawdown or not, you might be surprised as to the equity curve you get. Of course, if you get caught in a full blown trend change on the monthly chart, you are toast. But, there are ways to mitigate that before you blow up completely.

Just sayin, there are times when adding to a losing overall position can be helpful, as long as you have an idea as to when you in front of a moving train.
If you are good at something, never do it for free--Joker
  • #92
  • Aug 16, 2014 6:26pm Aug 16, 2014 6:26pm
Quoting jmn5611
{quote} I have officially become an EA addict. Thanks Magix, you suck.
Like, I know...Right???

I saw hanover checkin out the thread...but as I am now on his ignore list, not sure if he seen the invite....

As for the rest...

I'd be willing to place a bet on Hayseed being the first to cross the finish line...

Just saying, is all...

PS, I have forwarded a new account request and transfer with my br0ker....I'm in!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #93
  • Aug 16, 2014 6:29pm Aug 16, 2014 6:29pm
Interested in what you guys come up with in terms of EAs. As for me I have had my fill of programming gw basic, Qbasic, Fortran, C,C++, Mt4, they now just give me a headache. Too much like what I did before I retired.
  • #94
  • Aug 16, 2014 6:32pm Aug 16, 2014 6:32pm
Quoting Rap Skallion
Interested in what you guys come up with in terms of EAs. As for me I have had my fill of programming gw basic, Qbasic, Fortran, C,C++, Mt4, they now just give me a headache. Too much like what I did before I retired.

So, don't program...

You still trade, right??

Float the ideas, we'll have a chat...I will work on the rest...

It's just a small game, for the fun of it!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #95
  • Aug 16, 2014 6:46pm Aug 16, 2014 6:46pm
Welcome to the current, most popular thread on FF...

lol

Thodie!!

You've just added your new Davit bot to the mix...drop a hundred and play with us!!

Somebody tap hanover on the shoulder...this could be just embarrassing for him!
Attached Image (click to enlarge)
Click to Enlarge Name: pop.png Size: 5 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #96
  • Aug 16, 2014 6:50pm Aug 16, 2014 6:50pm
Quoting Magix
Welcome to the current, most popular thread on FF... lol Thodie!! You've just added your new Davit bot to the mix...drop a hundred and play with us!! Somebody tap hanover on the shoulder...this could be just embarrassing for him! {image}
hola my friend,

well why not, 100$ EA? why not
manual intervention yes or no?
just do it
  • #97
  • Aug 16, 2014 6:54pm Aug 16, 2014 6:54pm
Quoting thodie
{quote} hola my friend, well why not, 100$ EA? why not manual intervention yes or no?
I actually have no idea if that wussy Proximus is using an EA or if he is playing manual...

Looking at Hayseed, I would believe him to be 100% automated...

Having absolutely no idea what or if hanover will join the fun, all's I can do is scratch my head...

The real bottom line is...

To make $100 using your own logic.

We are the Martins, they are the others.

If you feel the need to manually exit, it is your account, why wouldn't you???

Shit, I do!!



But really, going along this same line...I guess we should just open up this whole thing to everybody...

If your down, state your name and idea.

Let's really get the game on!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #98
  • Aug 16, 2014 6:55pm Aug 16, 2014 6:55pm
Quoting Magix
{quote} About the only one bitching, and with absolutely no relevance...is you. There is no clause that mandates you reply to every thread...so, how's bout this.. If you have nothing to offer, don't feel the need to say anything. This ain't facebook, son.
I dont even have facebook you dirtbag!

The thing is you shouldnt use a martingale risk management as core for returns. You are better off to use multiple systems and have a martingale as one small section of your portfolio in whatever you do if it just FX or a basket of systems and securities.

“Money is made by sitting, not trading”


I use martingale, why not, it works for me
All posts are my personal opinion
  • #99
  • Aug 16, 2014 7:04pm Aug 16, 2014 7:04pm
Quoting Rtm
{quote} I dont even have facebook you dirtbag! The thing is you shouldnt use a martingale risk management as core for returns. You are better off to use multiple systems and have a martingale as one section of your portfolio in whatever you do if it just FX or a basket of systems. “Money is made by sitting, not trading”
why don´t you join us

i need a few days to set up a new account and transfer funds...

you can proof that your strategy is better
just do it
  • #100
  • Aug 16, 2014 7:14pm Aug 16, 2014 7:14pm
hello my friends,

we have company 79trader viewing??
Attached Image
just do it
0 traders viewing now