Since martingale burns accounts, why not do the opposite? - Page 2
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Thread: Since martingale burns accounts, why not do the opposite?

  1. #11
    This should not be from the rookie talk.
    I use a very easy breakout system of each daily candle. SL in the middle and risk 0.5% - I usually run into a poor span of 20-30 losing trades in a row. ADjust you desire for risk here :--RRB-

    This is my egy:
    4R target egy

    Timeframe: Daily

    Start with mount transactions on each and every candle (Pending order)
    TP is 4:1R goals
    SL is set by half of the daily range (candle)
    Pending orders are valid for 22 days (one month on chart)
    Pairs:
    UC
    EJ
    GU
    UJ
    Gold (XAUUSD)
    WTI

    Expected win rate 26-27%
    For BE 20 percent (doh)

    Risk pr. Trade 0,5 because of the win rate. Bound to hit on a 35 loss streak and drawdowns if risk.
    Not many can or may exchange like this = my advantage. .

    Before some of you might disagree with my egy, it's how I trade and it works for me. I see no patterns in market, just walk-levy flight that is arbitrary. Markets usually go farther than we anticipate and there's the technical advantage (positive skewed distribution)

    Go try and backtest this for 2017 - you be amazed how well this works.

  2. #12
    Martingale works in particular times like for quick terms so we can not always rely on it for it's quite riskier and evry google on martingale will show us that many traders lost their money due to this reason so better be careful when implementing the martingale.

  3. #13
    Quote Originally Posted by ;
    RMK90, this should not be in the rookie talk. I use a very easy breakout system of each daily candle. SL in the middle and risk 0.5 percent - I usually run into a poor period of 20-30 losing trades in a row. ADjust you appetite for risk here :--RRB- This is my egy: 4R target egy Timeframe: Daily Start with bracket trades on each candle (Pending order) TP is 4:1R targets SL is set by half of the daily range (candle) Pending orders are valid for 22 days (one month on chart) Pairs: UC EJ GU UJ Gold (XAUUSD) WTI Expected win rate 26-27% For BE 20% (doh)...
    The mods moved this thread twice from trading systems to trading journals then to rookie talk.
    Your egy se interesting, thanks for sharing and will look in to it.

  4. #14
    Quote Originally Posted by ;
    Martingale functions in specific times like for quick terms so we can not always rely on it for it is very riskier and evry google on martingale will show us that many traders lost their money because of this reason so better be careful while implementing the martingale.
    Utilizing martingale makes you lose, then doing exactly the opposite also makes you lose, maybe better to not use either of them. Or the best thing to say is: use some of them in certain situations or as per specific egies which makes the best out of these, not just going in blindly. At least that's exactly what I think. Higher returns against reduced losses even at win ratio significantly less than 30% can make it work, for the inverse martingale that is.

  5. #15
    You have the issue. Martingale does not kill your account immediately, you can sometimes double or triple your account until you win. In the same way, you can burn 2-3 accounts prior to getting anywhere. Without doing this on demonion with 0.01 lots and seeing an average drawdown it would not be possible, but I feel the whole Martingale, reverse or otherwise, is too luck based.

  6. #16
    Rmk90: I do not know anything about Martingale at least compared to a number of those members I have been reading but help me out because price direction is really challenging (for me at least) to get right I have been working on a martingale of sorts that makes a wager on motion. This goes:

    1. Eur/USD for example:

    A. Buy .01 at market with Profit at 10 ticks and stop at 10 ticks;

    B. In the event you win start a new series; nevertheless

    C. In the event you lose sell .02 using a profit at 10 ticks and a stop at 10 ticks;

    D. Should you lose again Buy .04 using a profit at 10 ticks and a stop at 10 ticks

    Clearly the amount of ticks is arguable or modifiable. I used micros for an example. I am trying to make a wager where we win if the market moves period end and it does not matter which way but a 20 pip move signals a win. Since your obviously considering this I mentioned your name over but anybody with constructive thoughts is free to weigh in. Before I dont realize that, maybe this has been tried. Any thoughts?

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