Well, then you need to widen your stops and lower your position size. Or simply take only trades with high reward to risk ratio. If you are wrong, get out. Stop trying to be right.

Stagger your stops and add on to winners. Move to BE and let it ride.

thats the concept add to the winners , some trades need room to breath , so you can add to them if the price went a bit against you, as you already know your signal , at the end of the day it all depend how sure the coder are from his entry logic.

I am not a martingle fan but the concept is valid so we try to make the best out of it in a safe way

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“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

The concept of adding to winners is not adding lots to your losers, it is actually adding lots as the trade goes in your favor. But I understand what you are saying, your cost averaging type martingale is valid. You must be an expert of your system, and apply every time, so it becomes part of your system analysis.

But do keep the same stops for each added lot? Or do you stagger out the stops for each added lot?

The problem with your logic is that if you are correct on your initial trade, and the trade does not retrace, you are not in the trade with your full trade lot, thus your system is based on a retrace after your entry to maximize your profit. I'm certainly no fan of that, but everyone has their own taste.

I can't agree more, you are right a SL is a must in any system, I have inculded a hidden SL which is at leavel 7 but my trades start at level 4 so its not that big, on the backtest the SL never been hit but still I will need to confirm that as my backtest skills are not that good

The other approach is to scale in and I like this approach I have seen it on some experts and I like it, I am testing both ideas and so far they both work, I am waiting a big move to see the impact on the setup and how bad it would be , I add some equity protection but also I am not sure of my code ... so more and more tests till we reach the prefect setup

Attached Images

demoVL.gif (221.9 KB, 332 views)

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“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

My TP is small , its around 10 pips but SL is 4 time the TP,The win ratio was prety good and the entry is rather soild, so what I am testing is to see if i can remove those losses completely, for the time being my SL has increased but on the backtest it hasn't been hit yet " mostly because I am not able to backtest it right " so I am demo testing it, to confirm the logic

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

Hi Guys,

Let me to add since im start to get interest in martingle strategies.

i have wonder one thing about martingle concept that could be implemented with vise versa hedging technic. Examples;

lets say the first post is going for long, and suddently the trend has changed to short and unluckyly worst and worst until max layers... lets say 5th... then the margin getting lower and floating become more bigger.

My idea is (not sure somebody has figure it out!) to open an opposite post from the earlier post. examples: buy 0.1,0.2,0.4,0.8,1.6 then, sell 12.8 (all has to be same TP setting).

My calculation has found that when 12.8 hit TP, it will cover all layer opened b4.

Howerver the worse case is that what happen when 12.8 reverse?

My question is... during the reverse, can we set the 12.8 lot to close post when only 12.8 profit = 0 (only close the 12.8 ya)? And can we apply these rules repeatedly?

Just my 2cents... at least we have save our ass from big float stress...

PM me if youre requires full concept. i have sketch my startegy in details. hope to get an EA programmer to code it

mini-me,

there is a solution to the martingale, i'll post some of the aspects of beating the martingale and grid problems in the next few days with end/beginning of day gapping junctions, sequences, timeframes, declinations, ellipses and the ephemeris, i think most people here have it all wrong....no disrespect....i cant go into specifics right now because im using the hospital computer as my wife just gave birth to our first daughter by c-section....i'll try to get the post done by the weekend.....talk to everyone soon.......phreak.........

congregation, thats great news I wish the baby all the luck and success and may she lead a happy life.

I am quite busy with the summer course , so I stopped further develpment till I finish, however send me your email and i will send you a small present.

Regards
Alan

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

Hi,
What type of courses you are giving?
b.

Dear Bongo , I don't give any courses, I asked for PP email as he had a new baby and I wanted to send him a congratulations email.

I have offered help to some TSD members in the past, but I never took and will take anything in return.

Selling forex materials in not for me, I may decide later on to manage accounts, but I wont be selling any thing not now nor in the future.

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”