Forex Martingale Strategy

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  • Sep 1, 2017 at 3:34 pm #836
    dollar
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    • 552

    yes you are right its not happen always but its good if any newbie come in forex. For improving this we can use some other indicators & candlistick patterns also.

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    Sep 1, 2017 at 3:34 pm #837
    chuna1985
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    • 552

    I do not trade with martingale trading strategy, it is actually a gambling strategy that was created many years ago. It has no analysis and it involves opening trades with double lot sizes each time we lose in a trade. I prefer to analyse before i open any trade in forex.

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    Sep 1, 2017 at 3:35 pm #838
    murali603
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    • 552

    You are right there is no analysis involve in this one but if we trade with some good capital then we will be always in profit. Its better to deal with some small TP and SL.

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    Sep 1, 2017 at 3:35 pm #839
    dollar
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    • 552

    if there is no analsis then how we got profit with good capital. Both small TP & SL will hit quickly then we can not say that we got profit in over all trading. if SL hit more then TP then we are in loss.

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    Sep 1, 2017 at 3:35 pm #840
    murali603
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    • 552

    In manual trading we use SL, but when it comes to EA trading using this startegy it just open another trade with double volume when the price of open trade is in some pips loss say 50 pips, if second trade also goes into 50 pips loss then it open 3rd trade with lot size which is double of 2nd trade.

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    Sep 1, 2017 at 3:35 pm #841
    ForexJack
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    • 552

    I’ve used Martingale Strategies in the past, they are good and bad. Their strength is that it will always recover if you have deep enough pockets, their weakness is you need deep pockets. I have made money with martingales and have lost more. If you have one that you believe works I suggest demo trading it for a long time before gonig live.

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    Sep 1, 2017 at 3:36 pm #842
    ruseneca
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    • 552

    I’m trying this on demo right now. Sometimes I even hedge a position, in case my second order goes in loss and the margin is too close to margin call. I have always been saying that the martingale is connecting trading with the casino. Now I understand that people are hedging with volumes. Sooner, it will blow the account.

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    Sep 1, 2017 at 3:36 pm #843
    chuna1985
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    • 552

    Then you should not allow your trades to have more losses than profits i.e more SL than TP. The martingale strategy does not obey those rules and if you lose in a couple of trades, then you are doomed in high losses and immediate margin call in your trades. Manual trading with analysis must be the best for us all.

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    Sep 1, 2017 at 3:36 pm #844
    murali603
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    • 552

    But if we have some good amount of margin then the chances to blow accoutn are less. I am using 0.01 lot to start martingale strategy with $500 account, My account may able to alive even there is some 500 pips fall without any retracement. But this happen only at intervention time, thats why i am trading on pairs where central bank intervention’s has some less chances, even there is some 500 pips fall we see some small retracement so that my last trade will close in profit, so over all profit.

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    Sep 1, 2017 at 3:36 pm #845
    chuna1985
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    • 552

    It is too bad that many newbies are applying the martingale trading strategy without knowing what it actually is. Newbies should try to understand that the martingale is actually a gambling strategy that originated a long time ago in europe, i think it was developed by a french man.

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    Sep 1, 2017 at 3:36 pm #846
    murali603
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    • 552

    Its better if we use it by knowing well about this, we will see some less people in Forex who are using this strategy. I know its a risky when there is some unexpected situation happen in movement of currency like sudden drop or raise over some 500 pips, this strategy may fail.

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    Sep 1, 2017 at 3:37 pm #847
    andry777
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    • 552

    Forex martiangle system is not suitable for newbie traders because it was too aggressive
    and also it made you suffer more losses if you can’t control your emotion well. It is good for
    expert traders who is good in emotion and good in analysis so it’s lower possibility to make
    mistakes several times.

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    Sep 1, 2017 at 3:37 pm #848
    dollar
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    • 552

    i know some trader who was useing this strategy. they got big loss due to economy news of that country. At the news time we can see very high & low up/down movement in this case this strategy will fail.
    if we have strong margin then we can play with proper money management.

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    Sep 1, 2017 at 3:37 pm #849
    chuna1985
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    • 552

    Yes, the newbies in forex trading cannot use this strategy very well. They do not even know how volatile that a pair can get and fall continuously in their open trades that they keep opening to recover. It will remain the best to have a valid strategy and use it in our trades.

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    Sep 1, 2017 at 3:37 pm #850
    murali603
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    • 552

    The condition mentioned by you should be fulfilled by trader, Normally people with Big accounts will follow this kind of startegy with some low risk, Then we may see success, if we use this with normal capital and normal money management then there are lot of chances to blow account.

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