Martingale
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I have heard terrible things about Martingale. If you have a good system surely it’s pretty great? What’s everyone’s opinions?
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DANGER will robinson
ive done alot of backtesting never works without huge capital -
@max-c I’ve had quite a bit of success backtesting but I guess all it would take to wipe out your account would be a bad run of trades (bad luck!)
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thats why its so appealing , not many losses until your up to like 5 lots just to make a few dollars .
could try if loss next trade has twice the size sl and tp works similiar but the market does the work not your bank.
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Hi all. Martingale is not as bad as it seems. Besides huge capital, you just need to understand that martingale will not survive a long trending market. Make sure you know when to use it, and when to stop the ea or manually cutloss.
High impact news sometimes gives higher profit. Create martingale ea that uses signal to open trades, and much better to follow trend. Also don't dream of running the martingale ea like you do in backtest, 2years, 3years. 1year is long enough to gain decent profit with low risk setting and withdraw it all. Then you can start again.
It is possible to gain 500% profit using martingale on multiple pairs within a month and medium risk setting. But depends on your luck also when choosing the pairs to trade. And when you gain that much, don't start dreaming. Withdraw it all first. And then start again if you want to.
Just a thought.
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@max-c This look interesting Max. Could you explain what is does specifically?
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@biztet Yes - i imagined that with low risk over multiple pairs there could be some success. Thanks for your thoughts/insight!
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@lrswatson just ideas for you , trades pip position size instead of lots
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@lrswatson here is proof of low risk Martingale 4 years only one pair EURUSD
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Looks great @AlphaOmega . This looks like it is great system even without martingale?
