Disliked{quote} Google search "Martingale system" it was invented in year 1500 by pirates flipping coins. It was and it will never be reliable, google will explain why.Ignored
- #1,084,642
- Edited 3:39am Dec 21, 2016 3:24am | Edited 3:39am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Hello, First of all,I know that it is inappropriate place to ask this question but as I am a junior member,so I am unable to start new thread. So I want to know that, what if, I place an order with TP and SL 10$ (RR ratio 1:1) and SL hits. I place another order with TP and SL 20$ (RR ratio 1:1) and again SL hits. I place another order with TP and SL 40$ (RR ratio 1:1) and again SL hits. Then I place 4th order with TP and SL 80$ (RR ratio 1:1) ant this time TP hits. Total Loss = 10+20+40 = 70$ Total Profit =80-70=10$ Similarly,if I lose 10 trades and the 11th one is the winning trade,I will be in profit. So please tell me if this strategy is applicable or not.? P.S : Sorry for my bad English.
{quote} Google search "Martingale system" it was invented in year 1500 by pirates flipping coins. It was and it will never be reliable, google will explain why.
..at rouletteanyway, the recovery zone system (for forex) was invented in the 21st century
....it's a refined martigale, with the ratio lower than 2 
and multiple chances for the gambler ... backtested for years, proved to act like classic martingale in the end ...i.e. you need deep pockets Member
- #1,084,647
- Dec 21, 2016 3:45am Dec 21, 2016 3:45am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Please search for binary options, in pure forex is harder to implement such strategy. Good Luck.
Though you're right, BO's are the best environment for them.
Member
- #1,084,650
- Dec 21, 2016 3:55am Dec 21, 2016 3:55am
- | Joined Feb 2016 | Status: Trader | 179 Posts
{quote} Not hard to implement progressions in forex at all. There are tonnes of robots everywhere ready for enthusiasts
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- #1,084,651
- Dec 21, 2016 3:59am Dec 21, 2016 3:59am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
UJ setting up a breakout - could be the trigger for USD
see why would i not trade UJ? my favourite pair, simple breakout that was obvious imo
- #1,084,653
- Dec 21, 2016 4:10am Dec 21, 2016 4:10am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} You're right, I wasn't clear, it's definitely easy to implement but harder to have success, thanks for the correction
there are many big volumes EAs working even for the Big Dogs and because they are big, they live a signature....
check this automatic system signature on the EUR/USD chart (the accuracy of levels)
...they start at the Day Open with a 11 pips interval to develop intraday
(example for yesterday, you can check it every day the astonishing levels accuracy)
Member
- #1,084,655
- Dec 21, 2016 4:12am Dec 21, 2016 4:12am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
- > 1.0425 - 1,0445 - 1,0456 if S H S broken
- #1,084,656
- Dec 21, 2016 4:13am Dec 21, 2016 4:13am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Oups, the USD faint away suddenly 
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