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Thread: Martingale profit

  1. #1

    Lightbulb Martingale profit

    Hi all,
    I know that increasing the lot following the martingale rule leads to losing. But what if you increase the profit and keep the lot fixed.

    For example you start with 10 pips TP & SL, 1 lot (always the same)
    if order is closed in a loss then next order goes with TP 20 SL 20
    next 40 sl 40

    so the formula is

    1. 10 (pips SL/TP lot =1)
    2. 20 (pips SL/TP lot =1) (10 pips loss from order 1) +10pip expected profit
    3. 40 (pips SL/TP lot =1) (20+10 pips loss from o#1,2) +10pip expected profit
    4. 80 (pips SL/TP lot =1) (40+20+10 pips loss from o#1,2,3) +10pip expected profit
    5. 160 (pips SL/TP lot =1) (80+40+20+10 pips loss from o#1,2,3) +10pip expected profit

    what do you think?
    LOCTrailing is an automatic trading stop loss trailing and breakeven Expert Advisor
    Also check LOCTrader EA. It Uses special FREE signal indicators to open orders, breakeven, trailing included.

  2. #2

    Default

    It would have to retrace too far before the orders will close. You will get hung out to dry....DOA
    Last edited by BillR; 11-19-2010 at 19:58.

  3. #3
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    Default

    you have to double your lot size on each new order, to reduce the "must" retrace = martingale + big account
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  4. #4

    Default

    yes I understand that It would have to retrace but 160 pips is much much better than 16 lots with martingale? isn't it?
    LOCTrailing is an automatic trading stop loss trailing and breakeven Expert Advisor
    Also check LOCTrader EA. It Uses special FREE signal indicators to open orders, breakeven, trailing included.

  5. #5

    Default

    Landocash,
    Thats the point, it will/could take forever to retrace 160 pips..and if you have 16 lots in 160 pips...you are running your Martingale way too hot...unless you have multi million dollar balance.
    (Hi IX.....)
    Last edited by BillR; 11-19-2010 at 20:03.

  6. #6
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    100% agreed with Bill,

    if you your currency is in a downtrend/uptrend, example 1500 pips, which is normal for volatility pairs, your balance needs 9.5x16 lots to catch a 10 pips profit. you must trade volatilty pairs to (maybe) get the retrace fast

    its normal to reach the 5th stage in a martingale strategy serveral times, therefor, its not useable, except you have real 100k account with 500:1, but i dont know any retail broker which gives 500:1 at real 100k funds

    (Hi Bill )
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  7. #7

    Default

    Lot size is always the same for all orders. I understand that you can't increase lot 5 and more times...
    LOCTrailing is an automatic trading stop loss trailing and breakeven Expert Advisor
    Also check LOCTrader EA. It Uses special FREE signal indicators to open orders, breakeven, trailing included.

  8. #8
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    Hi Bill,
    I have been forward testing the "Martingale _stocastic_nuro_v2 version" this version is good , but like all of you mention when the big trend comes at least this version cuts out when the margin becomes low and starts trading from that point again, but I think there is more room for improvement here , I am not a programmer, but if there is one of you that can make this happen I have some suggestions where it is possible to keep this in control.

    After observing forward testing in major retracement like 160 pips during the price action moving down in this case, the last order very often is retracing but it doesn’t quit hit the sell trigger and the price drops down further (Down or Up ) and it is forced to increase the lot sizes and eventually cuts out for some loss.

    Here are my suggestions:

    1, is it possible to build in the software where one can close the orders in 1 click , to do this manually ,just like the trigger when the profit is reached , this would allow some manual intervention, lets face it during the European and NY markets this is necessary ,

    2, is it possible to get the news feed and any red flag news to switch of the EA just before the news and stay of for 1/2 hour before restarting,

    3, when the EA has reached the 150 lot size order from there on is to keep placing the same size order but each step is to hedge it with equal size order forward, on reversal sell the hedge each step till it comes back to 150 lots and from there revert back to normal size, on the way up place normal orders up.

    bako45

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