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Thread: Did martingale work for someone?

  1. #1

    Did martingale work for someone?

    I strove Martingale several instances using distinct helping tools. Consistently had outcome that is pitiful. I'm certain that many people trade learned that some individuals are joyful and Martingale. However , I consider until particular stage. If to shut particular losses, perhaps it might work. But in general I'm cynical.

  2. #2
    Martingale has one significant difficulty that can't be solved. What you set it is going to have restricted range it might cover. For instance in the event you've 7 amounts the re-entry is 100 pips, when the market moves more than 800 800 against you and remains that way along with your account can manage then you're twisted. Wherever you establish your range eventually it will be exceeded by the market. So regardless of what way you set up a martingale method it has a range that is small and ultimately the market will overcome on that range. That is the reason they fail. The sole path you'll be able to make one work will be to utilize it on a small basis. At some stage and hope in the long run you restrict the reduction in other words your several victor will outside develop the the sporadic losers. I've discovered that in the event you restrict your reduction at around 4- simply and 500 pips use 3 degrees you are able to be lucrative long term and both short term together with the currencies that were less unstable. However, the important thing is dont martingale, the best storm can come at some stage. You need to truly have a limitation (a location in which you consider losses) for it to function. In addition, you need to find out therefore you remain from those markets that it will be killed by superb news tales. Euro default is one. There's really no such factor as never dropping in Foreign Exchange and that's the fake guarantee of Martingale.

  3. #3
    Hope some one may possibly continue to be living to reply this question.

  4. #4
    Seems like everybody who strove Martingale attempts to avert even mention about it.

  5. #5
    Quote Originally Posted by NemeT
    I strove Martingale several occasions using distinct helping tools. Consistently had outcome that is pitiful. I'm certain that many people trade learned that some individuals are joyful and Martingale. However , I consider until particular stage. If to shut particular losses, perhaps it might work. But in common I'm pessimistic.
    I did strive Martingale (on Scalping method). Initially it absolutely was like profit for 9 trades plus one reduction would simply take nearly the 80% (occasionally mo Re) of profit. Therefore I looked difficult and seperated the signs into two classes (did statistical jogging and backtesting to segregage the trades) large likelihood of profit and lower opportunities, and did not use Martingale in the afterwards.
    Now occasionally I do get striked out-but total Gain Variable is great.

    Trust this can help.

  6. #6
    I employed it with 17 wins in AROW, purchased the Ferrari afterward ofcourse had a dropping trade where the course did not modify way before my reduction was tremendous and just about blew the account.

    It Is got 2 important dilemmas to beat :-


    1. You have got to let your profits run, which is just not simple after being greatly in and finding losses that were reasonable, should you not with shed you 10x's your profit the next reduction.

    2. You are in need of a practical line in the sand on wherever your loss is wieldy, to depart believe the odds is the market will not reverse 5pips afterwards, along with 3x's your typical profit not account that is whole.

    I am operating on a new method that'll have averaging down therefore here we go again!!

  7. #7
    Martingale is due to doubling the stake size after each and every loss, maybe not making a power system. The 2 are mutually distinctive.

    Quote Originally Posted by elasticphoebe
    Martingale h AS one significant difficulty that cannot be solved....

  8. #8
    Quote Originally Posted by jose231
    Martingale is because of doubling the stake size after each and every loss, maybe not making a grid. The 2 are mutually exclusive.
    Additionally attempted this, perhaps not only doubling (100% improve in stake size) but with various other mixes 25% boost in wagers to 200% boost. (Close losing trade and starting a new one in various market states not always in the exact same way)............ , no Thing operates. Why? for these three motives:

    1. It takes jumps with quite little retraces in the contrary side, when market goes into a single way and going because way that is special might seem indefinite. Without showinng an adequate retrace occasionally it transfers tens and thousands of pips.

    2. Gaming Rule Number 2: There's no-limit to how much one desires to make, although a limitation to how much one can drop.

    3. There'll often be bouts of profitable trades and shedding trades, martingale can not live in a run.

    ps- research in relatively less well-known Quant Trading may possibly assist understanding more about Martingale trading strategy.

  9. #9
    Quote Originally Posted by Helmut22
    Tried this as nicely throughout a research of martingale going over ten years. The problem with studies that are martingale is they create great effects in short phrase, but when you implement this over an extended duration its horrible face surfaces.

    Once mentioned that, one spike in the contrary way not only eliminates all collected porifts of inverse martingale, but in addition ruins one's controlling ability.

    The easiest approach to work with martingale will be to establish borders for equally Ultimate sl and tps. #2 for inverse martingale increase wager sizes in early stages and perhaps not uniformly i.e....
    Placing any management max damage shrewd on a Martingale only means you get more losers, smaller but more regular, along with the little you make them the more regular they occur.

    You actually can not win, unless you have @4 Zillion Billion in your account to to have the ability to to surive the worst-case actually conceivable and if therefore retire previously.

  10. #10
    Quote Originally Posted by inunezz
    Putting any management max damage shrewd on a Martingale only means you get more losers, smaller but more regular, along with the little you make them the more regular they occur.

    You actually can not win, unless you have @4 Zillion Billion in your account to to have the ability to to surive the worst-case actually conceivable and if therefore retire already.
    Jesse Livermore.

    He was an exceptional trader of martingale trading. He did equally Inverse and Martingale Martingale. Millions on created and martingale millions from Revese Martingale. But he'd a unique manner of implementing inverse martingale. One wonderful thing relating to this technique that is original is the edge of gaining without zillion billion dollars from inverse martingale. The single demand are 1. Waiting till it breaks 2, and a sound support/resistance. balls of metal.

    One can wait, no difficulty with that, but balls of steel come from computing risk.

    Since competitive trading demands taking lot more risk for even mo-Re profits, nerves get shattered and one backs out. To fix this dilemma I make use of this formulation:

    20% risk for 200% profit. My account reaches margin call like this:

    First unsuccessful effort: From $100 to (20% lost)
    2Nd unsuccessful effort: From $80 to (20% lost)
    Third unsuccessful attmept: From $6 4 to (20% lost)
    Fourth unsuccessful effort: From $51 to (20% lost)
    Fifth unsuccessful effort: From $40 to (20% lost)
    Sixth unsuccessful effort: From $3 2 to (20% lost)
    Seventh unsuccessful effort: From $25 to (20% lost)

    That means I get seven attmpts to double my account. What can make us content?

    How you employ your financial plan for each and every entry is still another study. Jesse h AS process for that also.

  11. #11
    Quote Originally Posted by Helmut22
    , trading is the most challenging, without doubt about it.

    if you're opting for swing, may enjoy to study Reminiscences of a Stock tivitewi. Exceptional results were shown by demonstration, although I'm still in the first stage of swing trading. One excellent barrier confronted in swing trading is in the control of others as well as how you can warrant yields for the time funds stay locked? The solution was found in watch for the correct time.
    I utilized to swing shares really properly ( until I went to alternatives and BANG went my account LOL ), thus should be fine, after I traded stocks I blown and avoided day trading, s O went to day-trading forex for the the process, s O back to swinging and concentrate mo Re on the cash I suppose rather compared to challenge. Day trading 1 me 0

    Only trade pairs which are trending subsequently go with it together with the theory the market will not modify way all the time!

  12. #12
    Quote Originally Posted by jose231
    Martingale is because of doubling the stake size after each reduction, maybe not making a grid. The 2 are mutually exclusive.
    Yes but you're making a grid. The grid is the limit of your account. So whenever that's satisfied (the limit of your account) and price goes beyond that it's defeated your grid. In case you truly comprehend martingale trading which is precisely everything you're doing. You might be developing a grid where you double-down a T a second, then a third, then a fourth, stage. Where actually you reenter your 2nd trade, etc. you've developed a grid. When you realize that you comprehend where and when your program that is martingale will get overcome. I know one man who's trading 1 2 ranges deep on a program. He's never lost, up to now, until he hits on the shift that defeats on his 12 amounts. That is clearly martingale and a grid is nothing a lot more than a grid program.

    Still Another stage. Should you take advantage of a martingale system which follows the trend when it reverses and it'll consistently enter a trade in the end of an operate you're in huge trouble if it's a powerful reverse. In case you employ martingale on a trade method that is counter ultimately an operate will occur that doesnt very make it the retracement you need. Since this is a grid so either way the market will overcome you a-T some level.

  13. #13
    with martingale one hazards too much only for little increase..

  14. #14
    The Martingale is an animal...

    I Have read a lot of threads posts where traders try out all these systems where they believe they're able to tame this lion right into a pussy-cat by placing it on a vegan diet... It works for a little while but then 2 issues occur: the departure trade (the creature awakens despite the fail-safe methods) or a sluggish dying by one thousand cuts (using way too many little loses simply to avert the departure trade).

    The only real means I Have used it (unconvincingly nevertheless) is always to make the creature upset famished, utilizing the martingale with competitive settings where I understand without the doubt that it's likely to blow pretty fast. If you can have the ability to milk the system frequently profitably before it blows without offering in the stress attacks then it could be an appealing route to discover...

  15. #15
    Martingale is all preciseness, within an aspect. not to be centered on lot dimensions but to be exact on order entry decissions.

  16. #16
    Not martingaling entirely, but averaging down as the market moves against me, compared to simply running a a decent SL fosters my win % properly.

  17. #17
    martingale. Hopeless. Briefly you'll be upward, but you will be got by the market at some level, hedge /double, turn, whatever. Not worth some time to to examine. . Be attentive although there are a significant few out there like approval. There's a departure trade in each of those. Survivability can continue FIVE years or 1 week. It appears to go about 4-6 months on common though.

  18. #18
    Chief issue with advancement is that you're mounting your losses without mounting your profit. Eventually ultimately you wind up risking 100% of your hard earned money to obtain profit that is 1%. It's to not only destroy your pocketbook but your psychological wellness too.

    The issue is we (individuals) aren't actually wired to intuitively get how chance and data work.
    We have a tendency to believe: well basically have 50% probability of winning every time that I play it merely near to impossible to drop 10 times in a row, right? The possibility to reduce a string of 10 coin tosses is is about 1/10000, therefore quite thin. But we forget that that's accurate just for just one string of coin tosses. We'll be shock how so on we'll strike heads or 10 tails in a row if we continued flipping all of the time.

    On still another notice (expect it is maybe not to much of an off issue):
    Have anybody attempted some form of Fibonacci advancement for trading?
    I'm perhaps not in any way sure it'd be better with regard to profitability but it certainly should prevent you from breaking just a little more

  19. #19
    Quote Originally Posted by Ladyuvita
    Main issue with advancement is that you're mounting your losses without mounting your profit. Eventually ultimately you wind up risking 100% of your hard earned money to obtain profit that is 1%. It's to not only destroy your pocketbook but your mental-health as well.
    martingale is certainly playing with nuclear arms as although they're playthings. that apart...

    this is not roulette. who states you might be risking n instances r models to obtain just 1 occasions r models? Should you limit a take profit on your trades then you've limit the prospective profits therefore then, yes, it becomes merely like roulette, horse-racing, a coin-flip, and so forth just like every other 'sport' that's a bounded start and end-point... but what is the outdated expression about permitting profits run?

    I have never comprehended why anyone would stop a totally great trade rather than giving it a small room to perhaps rocket into bigger profits. each trade may possibly just have an anticipated quantity of pip motion in one single way, but it really doesn't mean it will not do some thing surprising and continue going in one way farther than standard (yet you select to determine and place values on 'anticipated' and 'standard'). my own ideas are that when you give a trade 'wiggle-room' to carry on you'll either have price shift on you as well as reach your stop, losing you that ball of 'wiggle-room', or it's going to continue to generate additional profits until eventually moving straight back on you also much and reaching a stop and eventually finish... and from this I imagine the times you receive additional profits possibly simply balance-out the the occasions the price did not carry on in your favour from the beginning and cost you that first 'wiggle-room'. This really is simply an idea.

    you seem like maybe you've got a mathematics mind, s O I am curious what your simply take on what I recently said is.

  20. #20
    Quote Originally Posted by khamik
    so i'm interested what your simply take on what i just stated is.
    What you explained seem like an effort to integrate genuine trading wisdom and expertise and with it some cause and good sense into trading utilizing martingale. And it of course has a lot of caliber.
    Difficulty with it for me is that I would not understand how to make a model of that. Reveal any prospective gambler how dumb of him to believe it provides him any advantage within the home and it is quite simple to create a model of martingale.
    But if you should be a trader that currently have an advantage within the market and will rip some pips it is not too insignificant to figure out just how to unite it with advancement and mimic.
    The items I used to be doing when having fun with it and making some likelihood computations was really fairly fundamental but regrettably I've not got time now to get into in to it - I'm sitting on bags getting prepared to abandon for my holiday. I am extremely sorry.
    The matter is very interesting though so in case you are ready to discuss it more I'll be back in a week and we can carry on afterward.

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