I was wondering about this martingale idea too. I am not real keen on martingale...but if you were to use 0.01 lots and just keep entering with each repainted sig without stops...then by the time it turned you may have a respectable position at an average price that you built...The market would decide when it wants to turn....your job would be to have a large enough balance to endure
The only reason I would consider martingle is that it would be used with these two zig-zag indicators...again I am not a big fan of martingale, but I can keep my mind open.
Could we have an EA to test? I have already sent Steinitz 50 bucks...so I am in the club.
ES
Quote:
Originally Posted by static
Igor may very well be right, I don't know. He is a much more experienced trader than I. However his participation in threads such as this seems to follow a similar pattern with a number of people who agree with him and those who don't. The two sides then proceed to argue over who has a correct grasp of the fundamentals of trading, etc. etc. I'm just hoping we can avoid that on this thread.
I think the original rules of the system are best so far, but this is just a thought to anyone who is putting an EA together (MrPip/Robert). Have you considered a martingale form of MM where when an order gets stopped (STOPS very key here) out and another signal is generated in the same direction, lot size increases? It may help to offset some of the false entries.
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