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Thread: Martingale system

  1. #1
    Administrator funyoo's Avatar
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    Default Martingale system

    Each time you have a loss, you multiply the lots by two. When you finally win, you start again the serie at the beginning.

    Example : TP :10 , SL 10

    Trade number : lot volume - Win/Loss - Total profit/loss

    Trade #1 : 0.01 > Win - 1$
    Trade #2 : 0.01 > Loss - 0
    Trade #3 : 0.02 > Loss - (2$)
    Trade #4 : 0.04 > Loss - (6$)
    Trade #5 : 0.08 > Loss - (14$)
    Trade #6 : 0.16 > Loss - (30$)
    Trade #7 : 0.32 > Loss - (62$)
    Trade #8 : 0.64 > Loss - (126$)
    Trade #9 : 1.28 > Loss - (254$)
    Trade #10 : 2.56 > Win - 510$
    Trade #11 : 0.01 > Etc...

    This kind of money management will generally quickly blow up your account.

    More infos : Martingale (betting system - Wikipedia, the free encyclopedia)

  2. #2
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    Default others martingales

    hello funyoo,
    this kind of Martingale is very dangerous, you can win for weeks, months .... but one day, just one time, this martinale kill your account ... it's sure.

    There is others martingales, less dangerous, like Alembert Pyramide and Labouchère Martingale.
    They can be interesting but only with a good strategy, it can't tranform a poor EA to a profitable one !

    here is a link.
    Last edited by sstef; 11-08-2008 at 08:07.

  3. #3
    Administrator funyoo's Avatar
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    Hello sstef,

    Exact, I will see later if I can include to my EAs the different versions of the Martingale.

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    Hello Funyoo,

    Can you please tell me where to find this Martingale forex trading system. Where can I buy or download it from? Thanks

  5. #5

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    I'm not really sure which thread to post my request on, so I'll try it here because the thread has got Martingale in its title.

    I need to test a Martingale system for somebody and I didn't really want to spend time building an EA to do it when there are so many on the boards already. Not being a fan of Martingale, I wonder if somebody could perhaps point me in the direction of the appropriate thread please as there are lots of Martingale systems out there and I'm unsure which does what exactly.

    The system I want to test does a few things:

    1) It starts by opening 2 positions of the same size at the same time in opposite directions to each other.
    2) One position will obviously move to profit, the other will move to loss
    3) When the winning position is in profit by "x" pips it closes out and instantly opens a new position in the same direction at the initial start lot size.
    4) When the losing position's loss reaches "y" pips, it opens another position which is "z"% larger in size in the same direction. There can obviously be multiple losing positions open at any one time.
    5) When a losing position eventually turns and gets to bank a profit, it resets the lot size back to the initial starting value for the next trade.

    This system will always ultimately blow up an account (Golden Rule of Trading Number 1 is to never add to a losing position) and I need to demonstrate to somebody how and why this happens.

    Could somebody point me in the direction of a thread containing this sort of EA please?

  6. #6
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    Quote Originally Posted by jezzer1961 View Post
    I'm not really sure which thread to post my request on, so I'll try it here because the thread has got Martingale in its title.

    I need to test a Martingale system for somebody and I didn't really want to spend time building an EA to do it when there are so many on the boards already. Not being a fan of Martingale, I wonder if somebody could perhaps point me in the direction of the appropriate thread please as there are lots of Martingale systems out there and I'm unsure which does what exactly.

    The system I want to test does a few things:

    1) It starts by opening 2 positions of the same size at the same time in opposite directions to each other.
    2) One position will obviously move to profit, the other will move to loss
    3) When the winning position is in profit by "x" pips it closes out and instantly opens a new position in the same direction at the initial start lot size.
    4) When the losing position's loss reaches "y" pips, it opens another position which is "z"% larger in size in the same direction. There can obviously be multiple losing positions open at any one time.
    5) When a losing position eventually turns and gets to bank a profit, it resets the lot size back to the initial starting value for the next trade.

    This system will always ultimately blow up an account (Golden Rule of Trading Number 1 is to never add to a losing position) and I need to demonstrate to somebody how and why this happens.

    Could somebody point me in the direction of a thread containing this sort of EA please?
    jez,
    you need to get martingale succesfull running:

    - each pair has it own magic number
    - secureprofit/break even system
    - time start = new entries for each day, monday = 12:00 am GMT
    - time close = no new entries, but opened orders should be still open
    - time exit = when we close all orders and disable trading (example friday noon)
    - max trades per pair and sequence
    - min equity to secure your money = emergency close all orders
    - check cot report, disabling trading if necessary
    - close brevious orders on SL when new order in the sequence (no money bonding, if the markets falls further - last order always open till in profit)
    - SL + TP calculated on the (5) daily average = high average = high SL
    - dont trade pairs if a high impact is estimated = forex calendary (red) (orange - option)
    - ranging or trending market = trending 0.01 ranging 0.1
    - ranging market , max trades 7, trending market max trades = 5, calculated on daily average (SL + TP)
    - quarter check, based on year chart, low quarter = only buy (0.1), bottom quarter only sell (0.1), quarter 2+3 buy+sells (0.01)
    - last order of the squence will be always open, till in profit of the complete sequence, mimimum equal
    - less lot size, more pairs = diversification
    - update vars realtime, set new min equity to have time to withdraw your money and preserve you of a wipe out
    - no mm, doubling the lot size only
    - max lots per pair
    - pipstep factor - multiplier
    - stop trading after sequence
    - Force Order Type = 0-Buy/ 1-Sell /6-None (for quarter check)
    - risk ranking system, desc below
    - 1-3 timeframe trading
    - reverse and non reverse system per pair and 1 time frame minimum
    - risk management: pairs with high impacts (0.01) medium (0.05) low (0.1)
    - withdrawl your profits asap
    - time, passion and calmness
    - rotate the pairs, hedge the time frames, hedge the (non)reverse and rotate trading weeks (1 week 1st pair 0.1, 2nd pair 0.05, 2nd week 1st pair 0,05, 2nd pair 0.01, 3rd week....
    and last minimum 2000 bucks for each pair

    all EA's which doubles the lotsize after the first order in loss are martingale systems like iLan, PowerFX and so on you MUST test EA's, to find the pro's and con's and fit your trading style - google is your friend

    IX

  7. #7

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    Quote Originally Posted by ixbone View Post
    jez,
    you need to get martingale succesfull running:

    ............................

    all EA's which doubles the lotsize after the first order in loss are martingale systems like iLan, PowerFX and so on you MUST test EA's, to find the pro's and con's and fit your trading style - google is your friend

    IX
    Hi thanks for taking the time to reply.

    I understand about the different ways of operating Martingale, but the the trouble is that I don't know what each one actually does from just its name. I'm not a fan of any trading system that is permanently offside in terms of pips and relies on money management alone to make a profit. I therefore don't bother to generally look at Martingale threads to know all of their different names.

    I could download them all and wade through row after row of code only to find that the particular EA didn't do what I wanted. I could also write my own, but this seems a bit pointless if there's a purpose-built one already out there.

    I hoped there might be somebody familiar with all the different ones who could just point me in the direction of the right thread. I'll have a look at the iLan and PowerFX variants to see what exactly they do - thanks for those names.

    It really just needs to always have positions open going in opposite directions and be adding to the losing position every "x" number of pips.
    Last edited by jezzer1961; 03-24-2009 at 10:41.

  8. #8

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    Quote Originally Posted by funyoo View Post
    Hello sstef,

    Exact, I will see later if I can include to my EAs the different versions of the Martingale.

    hi funyoo,

    could you please write some about "the different versions of the martingale"

  9. #9
    Administrator funyoo's Avatar
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    Quote Originally Posted by assassin View Post
    hi funyoo,

    could you please write some about "the different versions of the martingale"
    Hi assassin,

    You can find different martingale strategies here.

    Note : one of the most complete code with martingale's variants is DSDS.mq4 (based on SDS UMM ver1) from Derk.

  10. #10
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    Quote Originally Posted by funyoo View Post
    Hi assassin,

    You can find different martingale strategies here.

    Note : one of the most complete code with martingale's variants is DSDS.mq4 (based on SDS UMM ver1) from Derk.
    Hi Funyoo,

    Where we can find the DSDS.mq4 link for download?

    -K-

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