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Martingaling - Looks so good until the inevitable

  • #181
  • Aug 18, 2014 8:57pm Aug 18, 2014 8:57pm
Can any make this EA?

I am manually trading this 100% sure profitable Grid / Hedging / Martingale theory on 1:1000 leverage account on GOLD & am making minimum 20-30% monthly.... I think its a 100% sure profitble stretegy as long as I have enough money in my account ($8000). Since its manual, I have to keep my computer open 24x5, keep watching regularly & place pending buy/sell orders manually. I must confess that I got this idea to trade manually from this thread only though the EAs here lacked the required parameters ...

I think a simple EA should be created with this logic .... the EA need not have any benchmark indicator.

1. The EA set up 1 BUYSTOP order and the 1 SELLSTOP order away in equal increments from a middle starting point.

2. When price triggers one level,
Example: When the price is at 1333.00, BUY is triggered 0.01 lot with TP at 1343.00
Having a BUY open position, the EA shall immediately open a pending Sellstop 500 points below ie open a SELLSTOP at 1328.00 (1343-15) with 0.02 lot (2x the lot of the last Buy position) (Spread added assuming that the spread on Gold is 50).
Suppose the price goes down to 1328 then it will trigger the pending SELL sellstop 0.02 lot.

3. When the sellstop order of 0.02 lot gets triggered, the EA mustagain immediately open a pending BUYSTOP with 0.04 lots (2x the last trigerred order, if posible please place 0.01 lot *4 times), 500 points above the first level at 1358.00 (1343+15)
Suppose the price rose to 1358.00 then pending BUYSTOP will get triggered with 0.04 lot.

4. When this happens then again the EA must make SELLSTOP of 0.08 lots - last sell minus 500 point at 1313.00 (1325-15) (2x open buy lot earlier if posible please place 0.01 lot *8 times) ... this countinues till the basket hits total profit of 2000 point (Sample).



This way all the BUY & SELL positions will close simultaneously resulting in sure profit no matter where the market moves, when one of the top or the bottom targeted prices is hit, profit will be made. in fact the longer it takes to reach such point, the more money it will make!

I have tested it many times, and it really wins every time as long I have enough money on my account. Sometimes, this method is making me even 100% monthly, in GOLD/USD with lowest lot size.

The best pair is GOLD/USD because it is volatile.
  • #182
  • Aug 18, 2014 9:11pm Aug 18, 2014 9:11pm
Quoting Jerkmiew
......... resulting in sure profit no matter where the market moves ........ and it really wins every time, as long I have enough money on my account.
Those statements are true for EVERY uncapped martingale.

Anyway, to answer your question, this type of system has been discussed many times before on Forex Factory. If you use the FF search engine, you should be able to find an EA that either meets your requirement, or could be easily modified to do so. Or you could try posting in one of the "I code your EA for free" threads in the Platform Tech forum. Chances are that more programmers read Platform Tech than Trading Discussion, hence you should have a better chance of catching somebody's attention there.
  • #183
  • Aug 18, 2014 9:12pm Aug 18, 2014 9:12pm
Quoting Razor_trader
{quote} Thank you David, I knew you would be a part of this having read alot of your posts on the matter and to be completely honest, when I first saw the failure unfolding my first thought was Hanover would love this... So glad you have. Take care RT
Razor, you know me well.

Take care, also.

David
  • #184
  • Aug 19, 2014 3:04am Aug 19, 2014 3:04am
Quoting Chicky
I tried to check Wikipedia soon after posting but don't know why the page I visited contained something different than what you quoted.
Sorry, I forgot to include the wiki link in my earlier post — the quote came from here.

FWIW, the textbooks — at least the ones that I've read — agree that limiting loss is an important (perhaps the most important) aspect of profitable trading.

Cheers and profits,
David
  • #185
  • Aug 19, 2014 9:57pm Aug 19, 2014 9:57pm
Quoting hanover
{quote} Razor, This is the best martingale specimen that I've seen, and an absolute must view for all adherents of martingale. Many thanks for sharing it. It's not just rookies who endorse martingale. A lot more FF members view the Trading Discussion than the Rookie Section. (Perhaps that's caused by ego, who knows?). Anyway, IMO it's a very valuable discussion topic. Martingale appeals to lazy forex wannabes who are looking for a 'get rich quick' solution, as opposed to spending hundreds of hours studying the hows and whys of price movement. It's...
That was a nice example. Imagine entering 5000 trades over 3 years only to see all that work go down the drain in a flash. Such a shame. Even after seeing countless examples like this, people still refuse to believe it.
  • #186
  • Aug 19, 2014 10:06pm Aug 19, 2014 10:06pm
Quoting hanover
{quote} Sorry, I forgot to include the wiki link in my earlier post — the quote came from here. FWIW, the textbooks — at least the ones that I've read — agree that limiting loss is an important (perhaps the most important) aspect of profitable trading. Cheers and profits, David
You could argue that it's the only way to make money trading. Long term of course.
  • #187
  • Aug 19, 2014 10:33pm Aug 19, 2014 10:33pm
Quoting Jerkmiew
Can any make this EA?.
I'm using this method it's a good one, please share your expert with me as soon as you get it.
I also don't have mql4 knowledge, I asked some guys to code it for me but they still did't.
  • #188
  • Edited 5:18pm Aug 20, 2014 3:26pm | Edited 5:18pm
Quoting 2+2=4ex
{quote} That was a nice example. Imagine entering 5000 trades over 3 years only to see all that work go down the drain in a flash. Such a shame. Even after seeing countless examples like this, people still refuse to believe it.
2+2,

Indeed that would seem to be the case.

I realize now that I could have summarized my long post (#114) in a couple of sentences: Martingale is a MM system whose recovery mechanism guarantees a smooth upward equity curve for something like 99% of the time, and causes a margin call the other 1% of the time. The problem is that you can never know when the '1%' is going to happen, hence the only way to manage risk is by controlling the total amount of money in your account, throughout its lifetime.

When I read the posts in martingale threads, it seems to me that people are motivated more by hope (that forex can make them wealthy quickly) than by math or logic. Math (expectancy theory) tells me that eliminating the '1%' completely can never be done; ultimately, it is like trying to find a way of making 2+2 equal 5 (). While logic tells me that thousands of the smartest minds in the world must have already attempted to solve the problem of eliminating that tiny '1%', and if it were possible, then the solution would be widely known (and then everybody, by applying it, would be able to win at a zero sum game — another reason why it's clearly impossible). But it apparently doesn't stop some folk from believing that, if they can devise a system that's complex enough, or somehow find a unprecedently different way of crunching the numbers, that they will create a risk free martingale (which is effectively a system with a 100% win rate).

David
  • #189
  • Aug 21, 2014 2:16am Aug 21, 2014 2:16am
A75 is no longer offering signals. His positions in NZD/USD I believe had a SL at .8386. I first said that if those stops were hit then the realised loss would have been closer to $45k (compared to the previous $22K unrealised with SL placement about 100 points away). As a result the page has been removed.

I was hoping to get an up to date snap shot of the chart, but knowing that this (SL) would have left the account completely devastated I am sure what I would have seen would have been heartbreaking. Although, as the signal seller has (had) on their page over $900k USD in signal fees plus they withdrew over the course close to $50k, I am sure that they will wipe it off and begin again somewhere. I must say it has been an eye opener, even for all the knowledge on martingales it is tough to see 3 + years of consistent trading for it all to come crashing down in less than a month.

Take Care

RT
  • #190
  • Aug 24, 2014 8:33pm Aug 24, 2014 8:33pm
Quoting hanover
But it apparently doesn't stop some folk from believing that, if they can devise a system that's complex enough, or somehow find a unprecedently different way of crunching the numbers, that they will create a risk free martingale (which is effectively a system with a 100% win rate). David

w0w...death of another thread, thanks to the wonderful Hanover and his many posts of a lot of words, but never actually saying anything...

Welp, back to where I was, before being rudely interrupted...and perhaps, we can actually get the most, Non-Commital Hanover to actually step a leg over the fence instead of just sitting on it, spouting rhetoric...

David...

You have 6000(ish) posts, 700(ish) images attached....

Not a single trade.

A member since 2k6 and nobody even knows if you trade or just learned how to code...

But your stats are impressive....

So, past your xcel spread sheets and your ability to have previously coded for cash...do you actually have any market experience, or just been around enough bad systems to call everything junk??

Really, there is no idea of trading that you haven't thrown your hat in the arena on, in saying that everything is basically a FAIL, but haven't stated a single case for, ACTUAL TRADING...

Nothing...

Granted...all of your posts are overly wordy and coin phrases from every newbies guide to the galaxy of trading...who can be bothered to read through all of that...

But, is there anything, any system, any idea of market, past your braggadocios claims of hundreds of indicators and EAs that actually have any impact towards a trade account??? Or have you just simply spent more time looking at lines of code vs actually studying Market??

Really...Nothing is more frustrating that seeing somebody who takes 2 trades per year that weighs in on every subject, with their only real thought being that any single position that is held long enough, will prosper.

Your tripe is old...and very tired...

Time to either learn market, or gain a new schtick...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191
  • Aug 24, 2014 8:46pm Aug 24, 2014 8:46pm
Quoting smash1820
{quote} Omg. Did Magix really just give a positive comment towards another trader?
As you already know...I ain't one much for kissing ass...and certainly don't take others feelings into consideration...

Reason being...

I ain't that guy. I'm not your mom, nor your girlfriend, nor your big brother who is there to give you a pat on the back and say, "you'll get'm next time, champ"...

I am the guy who says, what most people tout as gospel, is uneducated rhetoric.

Zero Value!

Let's analyze...

Cut your losses and hold your winners!

You've seen it...been printed a zillion times in this forum...but what does it actually mean??

Do you trade with a Negative Spread? ie, does your broker give you an immediate fund incentive to take a trade???

NO!!

It doesn't happen...

So...guess what?

Every trade you take is already a loser...you gunna cut that because you don't want to ride a loser???

Let's go to the other side...

Let your winners ride...

First off, if you have actually gotten to a winning trade, how'd you actually do that by cutting losses at an immediate spread loss??

Past that, do you know what cutting your winners actually means??

It means, you've taken a profit!!!

Now...If you are in this game to lose money...nobody can stop you as actually churning a profit seemingly is the tough thing to do for most...but if you aren't into losing funds, when do you cut your winners?? When they are in profit??? or Wait until they are at a loss??

The crap that gets spouted here is by people who seemingly have only been able to lose at this game...never by those who have an idea outside of the norm that MAY actually lead to prosperity....

This is the frustrating part.

Watching guys like Chicky drop 10k in a DEMO ONLY account to mere hundreds, Opening threads and increasing his post count to bring it BACK above it's 10k start and then........................................................................................a New account and another New thread...

Guys like Hanover.........................................................All is fail, but if you follow the rules, you can....................can what???

Let's make up some stats...

Let's never try things for ourselves...

Let's let other losers or people who don't even trade market make the decisions for us.....

OR

We look at a guy like TACTIC, who claims to have zero market knowledge, but has a handle on what others have tried and is willing to pick up where they left off....

And what does he have??

Well, maybe not market perfection...may an idea that doesn't conform to the rule book of trading...but something that may just be viable...

BASED on no fundamentals, not on indicators, but simple range...

Why give this guy a kudos??

He has said more in a fist full of posts, than most do in their history of membership at FF...take a look at guys back to...ohhhhhhhhh say.........2k6....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #192
  • Aug 24, 2014 8:54pm Aug 24, 2014 8:54pm
IF

And that is a HUGE if...

You have an idea of what a martingale is...do you have any base understanding as to how it applies to market??

IF

And this is another HUGE if...

You have any idea how it could, do you realize how few systems actually apply this by any relevant principle??

Hanging out in a thread where all you can do is both ignorantly and blindly chime in with the masses, makes you a sheep destined to be slaughtered. Not on only martingales, but on every other aspect and approach to market.

Hanging out in a thread and asking questions, will provide information that you may base your own personal trading on.

Your choice.

Look like an idiot and reply out of a FACEBOOK need to reply...

Or

Champion your experience by learning and applying knowledge in a manner that suits you.

This was a thread where ideas were starting...shut down by the same moronic CRAP that does so many others.

Guys, if you don't like what is on TV, don't bitch about it...change the channel!

< /END RANT>
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193
  • Aug 24, 2014 9:10pm Aug 24, 2014 9:10pm
Nice to see your back

BTW: my 100 buck account is still open with an awesome 0.9% gain and 1 closed trade so far, but i feel alone as no one
was willing to join in the 100 buck club.

302,566 members
6,890members with trade explorers (demo included as it seems)

no more questions

have a nice week, trade safe everyone
Attached Image
just do it
  • #194
  • Aug 24, 2014 9:15pm Aug 24, 2014 9:15pm
Quoting thodie
Nice to see your back BTW: my 100 buck account is still open with an awesome 0.9% gain and 1 closed trade so far, but i feel alone as no one was willing to join in the 100 buck club. 302,566 members 6,890members with trade explorers (demo included as it seems) no more questions have a nice week, trade safe everyone {image}
nice thodie....
"Holy Grail" exists - accepting where is the first step.
  • #195
  • Aug 25, 2014 2:10am Aug 25, 2014 2:10am
Martingale/Grid methods CAN be used successfully (with reasonable SL) as part of a strategy, as long as the total profits of the winners are HIGHER than the total losses of the losers. Statistically and consistently.

Since the markets are NOT random (although it may look like so) and exploitable price patterns exist, one "simply" has to find a strategy which fulfills the above criteria.
  • #196
  • Aug 25, 2014 2:12am Aug 25, 2014 2:12am
Quoting Special One
{quote} LOL, Chicky. I think they will assassinate me before I accept that position. Soon, very soon..
Can you tell me which one these is mine? I have lost track. I never martingale, but seems someone here does.
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The Thief of Wall Street
  • #197
  • Aug 25, 2014 2:14am Aug 25, 2014 2:14am
Quoting Paracelsus
Martingale/Grid methods CAN be used successfully (with reasonable SL) as part of a strategy, as long as the total profits of the winners are HIGHER than the total losses of the losers. Statistically and consistently. Since the markets are NOT random (although it may look like so) and exploitable price patterns exist, one "simply" has to find a strategy which fulfills the above criteria.
If the total profits of the winners are HIGHER than the total losses of the losers, then you are already become a winner, you don't need martingale at all.
  • #198
  • Aug 25, 2014 2:17am Aug 25, 2014 2:17am
Quoting Chicky
{quote} Can you tell me which one these is mine? I have lost track. I never martingale, but seems someone here does. {image} {image}
Chicks...

You've been provided the wiki link and definition of a martingale...

Have a look at the trades and tell me if it qualifies...would ya...

Before looking more foolish, and not by your normal schtick...you might want to actually educate yourself on the information at hand...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #199
  • Aug 25, 2014 2:19am Aug 25, 2014 2:19am
Quoting Special One
{quote} If the total profits of the winners are HIGHER than the total losses of the losers, then you are already become a winner, you don't need martingale at all.

AND...

Any trade system that you trade consistently, which allows a high win to loss ratio...is effectively the same, without the addition of a position...

Isn't it??

You take a position, like you would at a roulette or blackjack table...you either win or lose.
You take a position when you trade...you either win or lose.
If you have based you trades on a consistent logic, how is this any different??
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200
  • Aug 25, 2014 2:21am Aug 25, 2014 2:21am
Quoting Magix
{quote} Chicks... You've been provided the wiki link and definition of a martingale... Have a look at the trades and tell me if it qualifies...would ya... Before looking more foolish, and not by your normal schtick...you might want to actually educate yourself on the information at hand...
Hey magix whats your plan on floating losses , i can understand the power of martingale but it can also backfire.
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