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Martingale EA. Almost can't lose!

  • #161
  • Jun 26, 2015 5:37pm Jun 26, 2015 5:37pm
Martingale-hedge strategy could potentially hold if you are flat betting but in terms of safety it is conceptually flawed and your survival depends heavily on chance alone. I say this with conviction because I have already coded and back-tested this strategy over a hundred times. The problem I noticed is that when you compound returns by % the risk of ruin stands in arms reach from you and you're perpetually at risk of losing your initial investment. Your equity curve will look great till that drawdown alligator comes launching out for your next sip of water. And there is nothing more ferocious than a Martingale drawdown, (ie forex cruise control on zulutrade). It's only a matter of time
  • #162
  • Jun 26, 2015 5:41pm Jun 26, 2015 5:41pm
High impact economic releases generate volatility that turns the Martingale into a monster. Martingales aren't meant for jumps in a Levy process
  • #163
  • Dec 28, 2015 1:43pm Dec 28, 2015 1:43pm
As u know martingle lot sequence is 1,2,4,8,16,64... Having gap 10 pips sl 10 pips then it breckeven at 5pips. But today i calculate if breckevwn we take 15 pips and sl and gap take 10,10 no change then our lotsize become 1,0.7,1.2,2.0,3.5,5.5,10 +spred .if each lot qe add some small lot for balancing spred then these lot size become perfext hop
  • #164
  • Jan 27, 2016 7:05pm Jan 27, 2016 7:05pm
The best part about this thread is the word 'almost' in the title haha!
  • #165
  • Oct 2, 2016 6:45am Oct 2, 2016 6:45am
Quoting vinnytrades
The best part about this thread is the word 'almost' in the title haha!

i wantadd to my code, when Price go up 20 pip from entry sell again and same for when price drops 20 pip of entry buy again, is this martingale? how can i doe that? should i change the structure -of the EA or can i add as new function into it?

Mine also an Allmost

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  • #166
  • Mar 10, 2017 3:10pm Mar 10, 2017 3:10pm
Hi there, I`m sorry if I`m asking this in a wrong post but I would need somebody to help me with a simple EA that will auto open an opposite position, with the same lot size as the first position if a trade is reaching -150 pips. Just a single position and only and only if there is only one position open. if there are 2 positions open, the EA should standby.

Example: I open one SELL position 0.3 lot size, if the trade is going in my direction, EA should standby. If the trade is going against me -100 pips, EA should standby. If the trade is reaching -150 pips against me, EA should open a BUY position 0.3 lot size and then do nothing. If I have these 2 positions open and open another SELL after that, EA should not react. EA should react only if there is one open position.

I don`t know mql coding and have no idea how to write that for myself. Thanks in advance, wish you all a good day.
  • #167
  • Mar 11, 2017 8:24pm Mar 11, 2017 8:24pm
Martingale strategies are not profitable on the long term.
Vtayha7788 has suspended me and Twee is missing!!!
  • #169
  • Apr 2, 2017 8:12am Apr 2, 2017 8:12am
Whatever the logic your martingale is, it definitely will not work in the long run UNLESS, you have unlimited supply of capital. Been there done that. Lesson learnt.
  • #170
  • Apr 22, 2017 3:13am Apr 22, 2017 3:13am
this is a simple martingale random trading:


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settings:
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starting with 1 lot.
no optimisation


drawdawn/equity:
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  • #171
  • Apr 22, 2017 3:20am Apr 22, 2017 3:20am
eatch run yield a different equity curve because it trade randomly:
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  • #172
  • Apr 22, 2017 9:44am Apr 22, 2017 9:44am
How can the equity line and balance line be the same with a martingale? The equity line should show dips when price goes countertrend, as positions are added.
  • #173
  • Apr 24, 2017 7:36pm Apr 24, 2017 7:36pm
Quoting ChicagoRob
How can the equity line and balance line be the same with a martingale? The equity line should show dips when price goes countertrend, as positions are added.
i think peperstonetone data is fucked up i belive they dont use their own data because it is fucked up also it only work in the begening of the period then becomme worthless: i also think they are fucked up broker peperstone
  • #174
  • Jul 25, 2017 2:02am Jul 25, 2017 2:02am
I am a BIG fan in Martingale Strategy, the attach file is my EA, it trade both way and take profit. The setting just change the Account number to your MT4 account number, the rest remain default and then the EA will work. But do not change the timeframe or close or reload MT4, some function i still working on it. Share to those interest in Martingale fans, do remember to close if the market go to one direction.

My account leverage 1:1000, 10000USD and trade AUDUSD in 15m timeframe. Profit around 20% per month, DD base on market.

Your reply and suggestion is my energy to create better martingale EA.
Attached File(s)
File Type: ex4 Martingale102.ex4   25 KB | 1,272 downloads
  • #175
  • Jul 25, 2017 10:51am Jul 25, 2017 10:51am
I've traded this before. If you backtest it you'll quickly see the problem. You'll likely make good profit for a while, then it blows up and wipes out your account. It always does and it always will. You can play with it in demo and it's great fun, just don't put a real dime into it. I believe I heard Martingale went to debtors prison for gambling debts. Something to consider.
  • #176
  • Jul 25, 2017 8:03pm Jul 25, 2017 8:03pm
Quoting Graviton
I've traded this before. If you backtest it you'll quickly see the problem. You'll likely make good profit for a while, then it blows up and wipes out your account. It always does and it always will. You can play with it in demo and it's great fun, just don't put a real dime into it. I believe I heard Martingale went to debtors prison for gambling debts. Something to consider.
You backtest on which pair? If want to be more step, you might need to change the pip step from 30pips to your need, i choose to use 30pips to open new trade, the 1.5 is using pips/20. If can provide more detail you test on which pair and 4 or 5 digits, will be better.

Attach is my recent backtest data.
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  • #177
  • Edited 6:23am Jul 26, 2017 5:57am | Edited 6:23am
'As long as you keep entering trades in the market direction(and have enough money) you can't lose.'

That is one of the worst trading ideas of all time.

It is possible in the direction of the main trend, where the market make major retracement of 200 to 300++ pips against its main trend. And you wouldn't know the main trend has changed until it is too late, and by then you would have taken tons of losses or get stuck with several running losing positions.

The market can destroy traders with million dollars accounts with ease. There is no such thing as enough money. There is never enough money if a trader allows himself to take infinite amount of trade positions. And most people are not really that financially well off, so it's out of question.

When the worst case scenario for one's trading positions happen (it will eventually), one's account will be wiped out.

You are right in that you 'almost' can't lose. 99% of the time you will win/be fine. It's that remaining 1% that seals one's fate.
'For the market to work, it needs people who think that they can beat it.'
  • #178
  • Jul 27, 2017 10:17pm Jul 27, 2017 10:17pm
Quoting NgCasper
I am a BIG fan in Martingale Strategy, the attach file is my EA, it trade both way and take profit. The setting just change the Account number to your MT4 account number, the rest remain default and then the EA will work. But do not change the timeframe or close or reload MT4, some function i still working on it. Share to those interest in Martingale fans, do remember to close if the market go to one direction. My account leverage 1:1000, 10000USD and trade AUDUSD in 15m timeframe. Profit around 20% per month, DD base on market. Your reply and suggestion...
Update version, now EA can resume event close the MT4.

Have some new idea, when the Lot size open too high, use hedge to preven account blow up. Will try and update again, cheers.
Attached File(s)
File Type: ex4 Martingale103.ex4   25 KB | 1,253 downloads
  • #179
  • Jul 30, 2017 10:58am Jul 30, 2017 10:58am
Quoting jarcrocker
I'm sure this system is floating around in here somewhere. I just can't seem to find it. With all you genius programmers out there I'm sure someone has done it or knows how to do it. This system is very simple. It uses a martigale style strategy by incrementally increasing lot sizes. It can be random entry or indicator initiated. A long/short position is entered and when the market goes against your position you enter a position the other direction with double the previous lot entry. If the market then turns against you again, you do...

Martingale cannot work in longterm. Try to make fx robot, download data from ECN broker tick by tick and retest your strategy not for days, months, but 2 - 10 years and you will see, that it cannot work.

If you would understand the of black swan problematic, you would see.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #180
  • Aug 17, 2017 11:45am Aug 17, 2017 11:45am
Quoting NgCasper
{quote} Update version, now EA can resume event close the MT4. Have some new idea, when the Lot size open too high, use hedge to preven account blow up. Will try and update again, cheers. {file}
demo test doesnt work
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