Martingale (By Revan)
The user has deleted this system.
Martingale Discussion
Member Since Nov 07, 2009
4 posts
Jan 24, 2010 at 19:11
Hello,
Nice graph, can you tell me more about it?
Cheers,
GE
Nice graph, can you tell me more about it?
Cheers,
GE
Member Since Jan 19, 2010
9 posts
Jan 26, 2010 at 09:18
I apologize for my poor English
What I mean is that your system is good and steady gains.
Can tell what the name of 'EA' you employ?
I'm using the EA multiple10 points X2, but in the past 21 days had a bad day. lost about 40% of my deposit. now I'm looking for an EA more reliable.
I'm in forex since Sep/2009 so I am a trader without experience.
Again I apologize for my bad English.
Best Regards
Filipe
What I mean is that your system is good and steady gains.
Can tell what the name of 'EA' you employ?
I'm using the EA multiple10 points X2, but in the past 21 days had a bad day. lost about 40% of my deposit. now I'm looking for an EA more reliable.
I'm in forex since Sep/2009 so I am a trader without experience.
Again I apologize for my bad English.
Best Regards
Filipe
Member Since Nov 07, 2009
4 posts
Jan 26, 2010 at 09:54
Revan posted:
Its a custom martingale hedge system developed by myself. It is purely price driven. At current risk settings it generates around 25% per month.
Would you mind to share/sell the EA/System your using to test it?
Member Since Sep 04, 2009
879 posts
Jan 26, 2010 at 14:41
filipebroker posted:
I apologize for my poor English
What I mean is that your system is good and steady gains.
Can tell what the name of 'EA' you employ?
I'm using the EA multiple10 points X2, but in the past 21 days had a bad day. lost about 40% of my deposit. now I'm looking for an EA more reliable.
I'm in forex since Sep/2009 so I am a trader without experience.
Again I apologize for my bad English.
Best Regards
Filipe
marty driven systems are a fatal weapon in the hands of beginners....
Jan 26, 2010 at 15:56
pc8multifx posted:
marty driven systems are a fatal weapon in the hands of beginners....
even in the hands of an experienced trader this is a very dangerous approach to trading. it may be the easiest way to trade, since you don't care the if the market gores against you but surely the quickest way to lose you shirt.
i think it's not a sustainable method for trading in the long-term.
Sleep is for the weak.
Member Since Sep 04, 2009
879 posts
Jan 26, 2010 at 16:13
biz0101 posted:
pc8multifx posted:
marty driven systems are a fatal weapon in the hands of beginners....
even in the hands of an experienced trader this is a very dangerous approach to trading. it may be the easiest way to trade, since you don't care the if the market gores against you but surely the quickest way to lose you shirt.
i think it's not a sustainable method for trading in the long-term.
the same is valid for grids😀
Jan 27, 2010 at 09:47
pc8multifx posted:
the same is valid for grids😀
well, yes and no.
depends on the grid type - if it's a one way grid, then yes, i would say it's the same martingale, only in slow motion.
if it's a bidirectional grid, exposure to the market doesn't necessarily grow since in the long term the exposure should be equal to 0, so i would definitely wouldn't categorize it as martingale.
Sleep is for the weak.
Jan 27, 2010 at 17:09
There is always risk in forex no matter what your method your employing. If you are concerned about your funds then forex is not for you - put it in a bank and get 1%.
If you have the relevant experience, understand statistics and mathematics then the martingale hedge system is one of the most powerful trading strategies. But as an earlier poster mentioned it is not for beginners.
I feel in forex there are too many 'armchair traders'. Actions speak louder than words.
If you have the relevant experience, understand statistics and mathematics then the martingale hedge system is one of the most powerful trading strategies. But as an earlier poster mentioned it is not for beginners.
I feel in forex there are too many 'armchair traders'. Actions speak louder than words.
If it works, do it
Member Since Jan 05, 2010
92 posts
Jan 27, 2010 at 18:48
Yes, Alex is right, and looking on his statement, I think he has proved his point.
Alex, I must admit, your track record is flawless!
What's now? Are you looking for clients?
Alex, I must admit, your track record is flawless!
What's now? Are you looking for clients?
Patience is a virtue.
Member Since Sep 04, 2009
879 posts
Jan 28, 2010 at 00:11
Revan posted:
There is always risk in forex no matter what your method your employing. If you are concerned about your funds then forex is not for you - put it in a bank and get 1%.
If you have the relevant experience, understand statistics and mathematics then the martingale hedge system is one of the most powerful trading strategies. But as an earlier poster mentioned it is not for beginners.
I feel in forex there are too many 'armchair traders'. Actions speak louder than words.
I couldn't say it better! Since i developed together with my friends full adaptive marty(mild)/ hedge systems making money in forex market is not longer an issue ...
Jan 28, 2010 at 04:23
Do not understand one thing. FXOpen has leverage 1:500 only up to USD25K then it changes to 1:200 until USD100K. Afterwards only 1:100. With your deposit of more than 100K it should be allowed only leverage 1:100. Unless it is a demo. Please explain.
Money gives a freedom of expression.
Member Since Sep 04, 2009
879 posts
Jan 28, 2010 at 05:18
I'm pretty sure its just a micro account. Myfxbook doesn't reflect this correctly...this issue should be fixed !!
Member Since Jul 31, 2009
1449 posts
Jan 28, 2010 at 18:04
pc8multifx posted:
I'm pretty sure its just a micro account. Myfxbook doesn't reflect this correctly...this issue should be fixed !!
We currently don't have a way of determining if it's a micro account or not.
Jan 29, 2010 at 00:35
Yes this is a micro account, it was originally set up with around $700. Yes it would be nice if fxbook could fix this issue somehow. I just set this account up as a demonstration of martingale systems.
Unfortunately most martingales do blow accounts because people have no idea of correct Money Management. It really does not take long to produce an excel spreadsheet and work out your risk. Currently I am covered for around a 300 pip movement with no retracement. The market normally moves 200 pips per day.
Selling the system would be kind of pointless as it is not completely automated and involves a certain amount of manual intervention. However I am considering taking on investors.
Unfortunately most martingales do blow accounts because people have no idea of correct Money Management. It really does not take long to produce an excel spreadsheet and work out your risk. Currently I am covered for around a 300 pip movement with no retracement. The market normally moves 200 pips per day.
Selling the system would be kind of pointless as it is not completely automated and involves a certain amount of manual intervention. However I am considering taking on investors.
If it works, do it
Member Since Jan 05, 2010
92 posts
Jan 29, 2010 at 12:09
300 pips movement is not much and is possible, however it appears you still pull it through.
Is this your first real account with this system? Have you had previously blown-up an account with this system?
Is this your first real account with this system? Have you had previously blown-up an account with this system?
Patience is a virtue.
Jan 29, 2010 at 13:01
The issue of pip movement is not simple and depends on how you calculate it. However, my settings are low risk. I have blown plenty of demo accounts while producing this system (5 years in the making). However, I have never blown a live one, including all my manual trading - touch wood😄
If it works, do it
