martingale strategy to win or loose. why to worry

[tcgvpce]

is that really possible to win alot?

I am looking for a simple Martingale EA. I repeat, a very simple martingale EA. The reason I would like it simple is because I would like something I can understand so I will know the best parameters to use with this system. Anyway, I just want something simple which contains a multiplier, a step level (eg 15pips, 30pips etc) and TP. I would also like one which adjusts the TP if trending takes place. I’m sure that there is something like that out there somewhere, so I would really appreciate it if someone were to point me to the right direction.

 

[Daantje Pieters]

Martangle is usually a winning trading style where there is less chance of loss. That's why I support this strategy. When trading using this strategy, he tries to trade on average.

 

[bogdaiki]

is that really possible to win alot?

I am looking for a simple Martingale EA. I repeat, a very simple martingale EA. The reason I would like it simple is because I would like something I can understand so I will know the best parameters to use with this system. Anyway, I just want something simple which contains a multiplier, a step level (eg 15pips, 30pips etc) and TP. I would also like one which adjusts the TP if trending takes place. I’m sure that there is something like that out there somewhere, so I would really appreciate it if someone were to point me to the right direction.

I can write you a simple one. I just need to know when do you want to enter (I recommend 9 am London open - it's when market starts moving) and also what's your criteria for buy vs sell.

Just be aware tho that while you might have a winning strike, martingales are losing in the end, as it only takes one mistake / exception to wipe your whole account off.

 

[equalizer]

the issue with Martingale trading is that u need a big accountso u can afford a big drawdown before it turn to your favor ... whichis not the case for so many ...

 

[donsebo]

All the best "show off" EAs are using some modificated martingale code. And then they write "NOT MARTINGALE!!1!"
But once backtested, you can clearly see the dips and spontanouse hard drawdowns.

Dont get me wrong, I myself are using martingale in my code, when the chance of crashing my account in 10 years is below 5% so what, I will go for it!
BUT when using martingale, start with very low lotsize, minimal lot size. Everything else is bingo.

I once used martingale in casino (roulette), on my 30th day I lost all my money, but I had fun, the casino had no policy against it.

There are some good and free martingale EAs in the net. Do you use MT4 or MT5?

 

[forexforumWON]

All the best "show off" EAs are using some modificated martingale code. And then they write "NOT MARTINGALE!!1!"
But once backtested, you can clearly see the dips and spontanouse hard drawdowns.

Dont get me wrong, I myself are using martingale in my code, when the chance of crashing my account in 10 years is below 5% so what, I will go for it!
BUT when using martingale, start with very low lotsize, minimal lot size. Everything else is bingo.

I once used martingale in casino (roulette), on my 30th day I lost all my money, but I had fun, the casino had no policy against it.

There are some good and free martingale EAs in the net. Do you use MT4 or MT5?

Are you able to share with us some good and free martingale EAs which I can try? Thanks

 

[forexforumWON]

Are you able to share with us some good and free martingale EAs which I can try? Thanks

Can you try Dark Venus? (there is a big community of traders using this EA so there are settings being discussed) that minimise risk of total account blown.

 

[Tempera]

This strategy doesn’t work for everybody. So, before you think of using it, do some practice and see if you like it. Moreover, if it holds any future potential.

 

[CrackerJoe]

Can you try Dark Venus? (there is a big community of traders using this EA so there are settings being discussed) that minimise risk of total account blown.

Do you have experience in using Dark Venus? i'm about to try it because its free

 

[Pugspuggy]

Normally I won't go for martingale... Once I see the trading history and detects it to be martingale I will skip...

 

[akbaobaid]

technically speaking, any strategy can blow your account if not used responsibly, therefore even if you are going to use matringale EAs, you can still make profit as long as you dont get too greedy