Forex Martingale Strategy

MoneyTec Forums Trading Strategies Forex Martingale Strategy

This topic contains 55 replies, has 5 voices, and was last updated by  FXGuru 1 month, 3 weeks ago.

Viewing 15 posts - 1 through 15 (of 56 total)
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  • #821

    johnedward
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    Anyone here tried using a martingale strategy at all?!

    I’ve been testing one for months and have been doing great. (Of course, you need deep pockets to do this, I typically start with a .01 lot position for every $1000 in my account…and it is advisable to diversify across multiple currency pairs whenever possible). In a nutshell, you buy in the direction of the trend – always making sure there’s a visible trend of course – and if your stop gets hit you buy double in the other direction.

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    #822

    ruseneca
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    Never, NEVER, use betting strategies while trading in the real markets! Follow investors’ needs, read information, analyses etc. When necessary, hedge a position but never bet. It’s a serious mistake and sign for Forex misunderstanding. That’s why it’s easier to gain profit from the markets rather than from a casino. I tried several but…guess what?! No Luck! Hopefully, I bet at casinos with no-deposit bonus offered. Be careful!

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    #823

    adrian8891
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    I have used martingale long time . PM me if want settings and EA that i have used .

    Sent from my ZTE-BLADE using Tapatalk

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    #824

    AlanN
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    I have used Martingale systems for trading forex and have made substantial profits. I have, also, suffered big losses employing these same systems. My biggest profits were achieved with a counter trend system.

    What makes m/gale systems so deadly is that, once you start going up the levels, the R:R ratio becomes heavily skewed. It looks so innocuous but, isn’t. I, also, did considerable research on the possibility of using different staking methods such as Fibonacci, Labouchere and D’Alenbert. Not surprisingly, forex day traders, trading off short tf charts, are faced with similar problems to the casino gambler, i.e that of randomness.

    The best advice I can give anyone wishing to use m/gale is to not let the levels go too high. Consider placing a limit on your series of “bets”. For example a series of 1,2,4,8 would risk 15 units but, it’s easier to recover a 15 unit loss, one unit at a time, than recovering a loss later in the series. Please don’t anyone tell me that there is no relationship between a casino game, such as baccarat, and day trading forex; I’ve played both games, for many years, and the similarities are strikingly similar

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    #825

    ruseneca
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    Yes, in order to practise martingale strategy, you will need a high margin! In Forex, unexperienced traders will loose very high deposits. So, 1st try easier and risk-free strategy. Then, after winning some profit, open a new account, transfer the profit and do whatever you want. But don’t risk your initial deposit with martingale.

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    #826

    mjomha
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    Isn’t this strategy more like gambling than trading? I mean your doubling your lot size after every trade. Has anyone actually made profits trading like this? Would like to see statements see it in action.

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    #827

    ruseneca
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    Exactly, that was and my question! Forex is not for gambling but for trading. You need a strategy!

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    #828

    murali603
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    My EA trading based on this strategy only, when It close all trades at some price I will see profit over all.

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    #829

    cjforex
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    You can make profits. Its the big crash that hurts. Its like the old saying. When you jump from a building, the fall won’t kill you, it’s the sudden stop at the bottom that gets you.

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    #830

    ruseneca
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    Very Interesting!!! Here, the money management plays a big role. While increasing the lot size of one order, you must calculate the break point, or where you will start to trade with a risk that will be equal to trading with 80% from margin.

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    #831

    murali603
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    Same happened to me few days back when GBP USD is falling, I am at the last step, if price fall 50 more pips then my account might blown but price started raising at that time my tp for each trade is 45 pips only, so a small retracement will save account.

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    #832

    murali603
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    This strategy which suitable for many gambling activities including forex in case you chose to gamble in your trading account. Its based in the fact that you can always double your stake in case of loss but the reality is that sometimes you lose and you don’t have enough funds to double your stake so its very limited and depends in how much funds you can afford to lose using such high risky strategy

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    #833

    dollar
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    As i new in forex so i dont have very good knowledge about this type of strategy. istill i just trade base on Support & resistance base. second thing that i feel if you want to use martingale strategy you need a very good capital for investment.

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    #834

    murali603
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    This is one kind of money management policy some traders follow to regain whole what they lost in single trade, Risk will increase of the number of loss trades in series increases.

    Its not suitable for all, we need lot of experience and skills to get success in this strategy.

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    #835

    nahiyar
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    The strategy is based on the resistance and support levels.If one level is broken, so you should trade according to the next level.But, it does not happen always.Sometimes, the level is broken.but due to the strong reaction by buyers in another trend, it gain comes to the previous prices..

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