Originally Posted by 156

I must agree with you, martingale cannot be used as a trading system - it might cover up losses or increase profits though if used right... which actually is the catch!

Originally Posted by jbfx

There is more than 1 way to trade Forex and make money. So there is no right or wrong way, just profitable or not. 5% risk of ruin may be OK with some, and not with others. And carrying large drawdowns for long periods of time after an exceptional event might also be acceptable for some or not for others.

I personally would not use full martingale in my own trading. I'm more interested in martingale when I'm right, and get out when I'm wrong with a stop. That is my interest. To build out a martingale as the trade is going in my direction, not the other way around.

Originally Posted by MiniMe

Hi phorex_phreak,

every comment is valid and every opinion is respected , the only way to tell right from wrong are tests.

What I have learn is to always keep a good margin to play with, presonally to keep my margin, I hedge my losses and I add to my wins but thats another subject.

time frame for martingles doesn't really matter , unless we use indicators , if you notice from my previous notes I don't use indicators to entre the trade " I use them to confirm the trend and mostly trade against it " , to enter the trade I measure the move and how big it was and I enter a reversal if its too big , there are many way to make money in forex, some ppls use pullback to add lots and enter with the main trend , other ppls use pullback to make small profit, keep in mind that the market is mostly choppy so we see lots of pullbacks.

- Not running a martingle during NFP is a valid point
- I have seen lots of good work in TSD so I may not agree with you on that point, but I agree that the best work is done privately
- trying to forcast the forex is done by techinical trading , I am not aware of any indicator that would simulate a trader techinical view on the market, planetary syncs maybe very good but I haven't tried them, what I would do is instead of forcasting the future you could start the trade at the London open or NY open and follow the trend from there , that would be easier ..

I am not against your ideas, you could be 100% right, the only way to know it , is to test it

Regards,
Alan

Originally Posted by phorex_phreak

-you must first have properly scaled charts, Why?? because you are going to use 3 geometric ellipses on your charts, ellipses are about 95% accurate on forex charts when used properly, now, when there is an ellipse failure, thats ok, because are sequence is high enough that the EA can recover with relative ease....it doesnt end here...

5-using the planets Declination we can plot it into the future infinately, so that means with 60-80% percent it can accurately predict where the market is going to go....

6- planetary syncs are about 97% percent accurate with the forex market, of course you will need access to the ephemeris wheel, which is pretty easy...

Originally Posted by phorex_phreak

sorry but i disagree with you on this one......you just haven't been exposed to some of the other tools out there......this game is called FOREX not ROULETTE, big difference my friend, there's things in forex that you can do that you cant do in the casino roulette arena.....phreak

Originally Posted by 156

I am not sure what exactly disagree on that post but actually read my previous post where I wrote quite a lot to emphasize what is the difference between roulette and forex. I also think I have been exposed to a lot of tools .. actually you can't imagine how many... but most prove to be useless. And besides forex is not a game - this is psychological moment... but let's go back to the main point, which I think is how we can integrate martingale into trading?

Originally Posted by typhoon_gr9

could you pls tell us from where can we get more information about those points ... Regards.

Originally Posted by phorex_phreak

156,

your absolutely correct that forex is a psychological battle, i like to call it internal control as by dr. van tharp, so you want to get to the nitty gritty of martingaling and forex?? no problem, i hope your up for some study and you'd better be a superb programmer or pay someone to do it, to convert the tools into MT4......

we can start from the ground up and build this together and i'll help everyone here as much as i can....im sure we have enough brain power here to put something special together on this forum....im not going to give anyone my EA but im certainly going to point everyone in the right direction, so ask some specific questions and we'll get cracking.....phreak

Originally Posted by 156

well I am not sure what EA you have, so it is kind of hard to ask specific questions, but let's start from there ( I see I can post links here) so here is a very brief and easy to understand application of martingale in forex:

Forex: FX Trading The Martingale Way

So any comments ...

I recently met a guy, very smart one ... in his point of view there are 3 types of traders - 1 - optimists - they use the trend, 2 - pesimists - they use martingale and 3 - losers I was very interested in this theory of his and that's why I actually started researching and reading on martingale, because maybe I thought I could be pesimistic optimist?

Share your view,

Regards!