Virtual Trading - martingale solution - Page 7

phorex_phreak · #61 (**permalink**) 07-25-2008, 07:55 PM

Van Tharp is the best, when it comes to trading and modelling the best traders in the world there's nobody like him, he's transformed my trading and internal control 1000%, because of him i devolped a manual trading system based on " cutting your losses short and letting your winners ride" along with scaling in philosophy that letting me bring in over 1000 pips every month.....if there is anything i can help you with ask me here or pm me.......phreak

Quote:

Originally Posted by jbfx

I'm a fan of Van Tharp as well.

As you say, cutting losers and letting winners run, that's my mode of operation. Obviously, this means to find trend and stick with it.

But I'm also interested in a semi-martingale or cost averaging system, with stops of course, that I can play on reversals.

156 · #62 (**permalink**) 07-26-2008, 04:11 PM

Quote:

Originally Posted by phorex_phreak

156,

i have a martingale and grid EA based on the tools i use that i have mentioned, i also trade a great position sizing system that i do manually...the link that you have there i have read a long time ago and is very simplistic in nature in what she describes, what kind of specific questions in particular about the martingale do you have in mind, as far as your smart friend goes in my book there are only winners and losers....period

.......phreak

what do you think martingale must be used for? What is its role in successful trading? Increasing profits or reducing losses? Maybe both of them?

phorex_phreak · #63 (**permalink**) 07-27-2008, 07:15 AM

1-to make lots of money if you know how to construct it
2-something different that works with different tools that most are not accustomed to
3-increasing profits.......thats why we are here of course......phreak

Quote:

Originally Posted by 156

what do you think martingale must be used for? What is its role in successful trading? Increasing profits or reducing losses? Maybe both of them?