I opened this thread to propose a solution to the martingle expert problem

I have already suggested the setup in a private forum but since privacy and manners have different interpretation between people, I am posting it here so more people has the benefit or using the idea.

Most martingales are based on taking a couple of losses, while double the lot size, each time a new trade is open, then wait for a market retracement to recover from the loss.

So the main problem is account balance , and draw down, a huge move can wipe the account and we have seen that on all martingales without exceptions.

What I am proposing will make lots developers happy, as this will help them solve their draw down problems.

Some of the good experts I have seen on TSD were the
"FiFtHeLeMeNt Blessing EA" another one is the "V1andV2 Hedged EA” and maybe the “10point3
Several attempt has been made to lower the draw down, but none has succeeded.

The FiFtHeLeMeNt experts take a trade and if the market went against the trade the expert double the lot size and wait for a market retracement, to recover from the loss, same with the other two experts.


Most if not all martingales trade either EURUSD or GBPUSD as the daily range is known ,and normally we had to see a 30 pip retracement or less on each 100-200 pip move.

If the market went for a more than 200-300 pips without retracement the account is blown.

Now here is the idea, if we skip the first 3 level of martingale trades and open a trade on the 4th, not only we have lowered the draw down but also we have increased the winning chances.

So for example on the FiFtHeLeMeNt expert we had 6 levels,
My proposal is to mix virtual trades with real, for example
1- Level 1,2,3 virtual trade
2- Level 4,5,6 take a martingale trade based on 0.1 then 0.2 then 0.4
So we skip the first 3 levels but we keep track of the them in terms of open, close, TP and SL, and when the chance comes to open the 4th trade we open a real trade but with a 0.1 or 0.01 lot size

I hope you guys like the idea and I hope it will help solve some of the martingale draw down problem

Regards
Alan

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