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Thread: Did Martingale work for someone?

  1. #11
    Quote Originally Posted by ;
    Ahhhh the primary issue with trading is, you'll happily put your exchange -200 pips to the red in the hope it'll return, but you'll never hold to 200, 10 and yes profit!!

    1 of the lads I chatted to, had a reverse martingale egy :-

    He travelled, 1.5000 $1 per pip, then at 1.5005 $2 then 1.5010 $3 keep going to you put in $10 or more.

    Theory being, your on tendency you get a big move you make enormous at $55 per pip entirely in, any pull back after being fully in was ofcourse a killer, but as your already in profit by then it allowed him to conduct a BE...
    Tried this too during a study of martingale stretching over 10 years. The issue with studies that are martingale is they produce good results in short term, but if you apply this over a longer duration its awful face surfaces.

    After said that, 1 spike in the opposite direction not only takes all accumulated porifts of reverse martingale, but also destroys one's working capacity.

    The best way to use martingale is to place boundaries for both Ultimate sl and tps. Secondly, for reverse martingale, increase bet sizes early on rather than uniformly i.e. after each break.

  2. #12
    Quote Originally Posted by ;
    Tried this as well during a study of martingale stretching over 10 years. The matter with martingale research is they produce good effects in short term, but if you employ this over a longer duration its ugly face surfaces.

    Once said that, one spike in the contrary direction not only takes all gathered porifts of inverse martingale, but also destroys one's operating capacity.

    The best way to utilize martingale is to set boundaries for both Ultimate sl and tps. #2 for inverse martingale increase bet sizes early on and not uniformly i.e....
    Putting any control maximum damage wise on a Martingale just means that you get more losers, smaller but more frequent, and the small you create them the more ordinary they happen.

    You can not win, unless you have @4 Zillion Billion on your account to have the ability to surive the worst case imaginable and if so retire already.

  3. #13
    Quote Originally Posted by ;
    Placing any controller max damage shrewd on a Martingale just means you get more losers, smaller but more frequent, and the small you make them the more frequent they occur.

    You can't win, unless you've got @4 Zillion Billion in your account to be able to surive the worst case ever imaginable and if that's the case retire already.
    Jesse Livermore.

    He had been an superb trader of martingale trading. He did Martingale and Reverse Martingale. Lost millions on martingale and made millions from Revese Martingale. But he had a exceptional method of employing reverse martingale. One good thing about this exceptional technique is the advantage of benefiting from reverse martingale without zillion billion dollars. The only condition are 1. Waiting until it breaks a good support/resistance, and 2. Balls of steel.

    One can wait patiently, no problem with that, but chunks of steel stem from calculating risk.

    Since competitive trading necessitates taking lot greater risk for even more profits, nerves get smashed and one backs out. To fix this problem I use this formula:

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

    First failed attempt: From $100 to $80 (20% dropped)
    Secondly failed attempt: From $80 to $64 (20% dropped)
    Third failed attmept: From $64 to $51 (20% dropped)
    Fourth failed attempt: From $51 to $40 (20% dropped)
    Fifth failed attempt: From $40 to $32 (20% dropped)
    Sixth failed attempt: From $32 to $25 (20% dropped)
    Seventh failed attempt: From $25 to $20 (20% dropped)

    That means I get seven attmpts to double my account. What else could make us happy?

    How you utilize your budget for every single entry is still another study. Jesse has method for that also.

  4. #14
    Quote Originally Posted by ;
    Jesse Livermore.

    He was an excellent trader of martingale trading. He did Martingale and Reverse Martingale. Lost countless martingale and made millions from Revese Martingale. However he had a unique way of applying reverse martingale. 1 thing about this unique technique is that the advantage of profiting from martingale without zillion billion dollars. The only requirement are. Waiting till it breaks a good support/resistance, and two. Balls of steel.

    One can wait, no issue with that, but balls of steel stem from calculating...
    Reverse does seem better, but should you wuss out in 3 pips cause it is damn scarey at $55 each pip then you have got to win 10 days simply to cancel out the 1 collapse your take.

    Trading is the toughest thing I have ever attempted to learn ( Stocks are easy, beat them but Forex hmmmm ), thankfully I'm in it for the struggle!!

    Although I'm giving up on day trading and moving to swing!!

  5. #15
    Quote Originally Posted by ;
    Reverse will sound better, but if you wuss out at 3 pips cause it is damn scarey at $55 per pip then you've got to win 10 times just to cancel out the 1 collapse your own take.

    Trading is the toughest thing I have ever tried to master ( Stocks are simple, conquer them Forex hmmmm ), thankfully I'm in it for the challenge!!

    Although I'm giving up on day trading and moving to swing!!
    Turveyd, trading is the toughest, no doubt about it.

    If you are going for swing, then may like to read Reminiscences of a Stock Operator. I'm still in the initial phase of swing trading, but demo showed outstanding results. 1 great obstacle faced in swing trading is how to justify returns for your time money remain locked and at the hands of the others? The answer was found in await the right moment.

  6. #16
    Quote Originally Posted by ;
    , trading is the toughest, no doubt about it.

    If You're going for swing, may like to read Reminiscences of a Stock Operator. I'm still in the first phase of swing trading, but demonion showed outstanding results. One great obstacle faced in swing trading is the way to justify returns for the time funds remain locked and at the hands of the others? The response was found in wait for the right moment.
    I had been swing stocks very well (until I went to options and BANG went my account LOL ), so ought to be okay, when I traded stocks I squeezed and avoided day trading, so went to daytrading FX for the struggle, so back to swinging and focus more on the money I guess instead of the struggle. Day trading 1 0

    Simply trade pairs which are trending then proceed with it with all the theory that the market will not change direction constantly!!

  7. #17
    Quote Originally Posted by ;
    Martingale has to do with doubling the bet size after every loss, not creating a grid. Both are mutually exclusive.
    Yes but you're creating a grid. The grid is that the limitation of your account. So whenever that's fulfilled (the limitation of your account) and price goes past that it's beaten your own grid. Should you really know martingale trading that's exactly what you're doing. You are creating a grid where you double down at a 2nd, then a 3rd, then a 4th, stage. Where you ever reenter your 2nd commerce, etc. you have produced a grid. Once you know that then you understand where and if your martingale system will get overcome. I know one man who's trading 12 levels deep on a martingale system. He's never dropped, so far, until he strikes the movement that surpasses his 12 levels. That is a grid and martingale is merely a grid system.

    Another point. Should you use a martingale system which follows the trend it will always enter a trade at the end of a run and once it reverses you're in big trouble if it is a strong undo. Should you use martingale on a counter commerce system finally a run will occur that doesnt really make it that the retracement you need. So either way you do it that the market will beat you at some stage as it's a grid.

  8. #18
    With martingale one risks also much just for small gain. .

  9. #19
    The Martingale is a beast...

    I've read many threads posts where traders experiment with all these systems where they think they can replie this lion into a pussy by putting it on a vegan diet... It works for a while but then two things happen: the passing trade (the beast awakes despite the failsafe systems) or a slow death by a thousand cuts (taking a lot of little loses just to avoid the passing trade).

    The only way I've played it (unconvincingly nevertheless) is to produce the beast mad hungry, using the martingale with aggressive preferences where I know with no doubt it's likely to blow quite quickly. If one can figure out how to milk the system frequently profitably until it stinks without giving into the panic attacks then it can be an interesting route to research...

  10. #20
    You've got a point there Hanover. . .what I wrote there was out of my standpoint and the way I'd utilize it if I were to use it...

    I think there have been quite a few institutional traders who used the Martingale system in the past..most of these, did not do well at the conclusion

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