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View Poll Results: Can this type of system work in real life?
The best thing since the invension of the toaster, have worked and do work 8 8.99%
Can work but need some serious risk management built 59 66.29%
Highly doubtful that this type of system will ever work without blowing up account 18 20.22%
Your all nuttier than a fruit cake, no learn to trade properly! 4 4.49%
Voters: 89. You may not vote on this poll

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  #11 (permalink)  
Old 04-08-2009, 09:09 AM
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okumagba is on a distinguished road
what?

what the fish are u talking about?
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  #12 (permalink)  
Old 04-19-2009, 08:46 AM
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Martindale

I am no great mathematician but I haven't seen a mathematical description of Martindale on your site.

Martindale is a gambling technique wherebye you double your wager every time you lose, when you win you go back to your normal wager.

This is a Geometric progression with a multiplier of two, this particular multiplier is required as a win will recover all previous losses.
If the multiplier isn't TWO it isn't Martindale.

If 'a' is your initial wager
If 'r' is the multiplier ( for Martindale =2)
If 'n' is the number of terms ( losses) in the series

Sum = a+a*r + a*r^2+a*r^3+a*r^4+a*r^5 +...........a*r^(n-1)

Sum= a (1-r^n)/(1-r)

eg If a=$10
n=7

Sum = 10(1-2^7)/(1-2)

Sum = $1,270
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  #13 (permalink)  
Old 04-20-2009, 07:24 AM
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I think even non martingale will carry high risk as well. I made usd400 in 1 week using a non martingale EA on a usd500 mini account but lost usd800 in one day. After that I used another 2 martingale EA to recover all my losses in 1.5 months and now profiting usd1300.
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  #14 (permalink)  
Old 05-16-2009, 06:20 AM
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Lightbulb

Martingale is money mgmt, as long as you add risk mgmt to it - it will be a long term winner.
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  #15 (permalink)  
Old 05-16-2009, 07:19 AM
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Avoid!

AVOID MARTINGALE AT ALL COSTS!
You cannot use constants in a chaos.
Remember you were warned!
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  #16 (permalink)  
Old 05-21-2009, 12:01 PM
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can we revers the positions in this EA (will be holy grail EA)

Hi all
look at the images ,this is martingle EA an is 100% losser, if we can revers the positions in this EA will be holy grail , what you think about the EA and the results?????????
Attached Images
File Type: gif please add reverse in this EA.gif (69.3 KB, 312 views)
File Type: gif please add reverse in this EA (M1 result).gif (86.4 KB, 305 views)
Attached Files
File Type: mq4 martingeil-2direct+breack-and-down.mq4 (3.8 KB, 36 views)
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  #17 (permalink)  
Old 06-14-2009, 07:55 PM
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Quote:
Originally Posted by reza1982 View Post
Hi all
look at the images ,this is martingle EA an is 100% losser, if we can revers the positions in this EA will be holy grail , what you think about the EA and the results?????????
no one wants to help me????????????????????????????????????????????????
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  #18 (permalink)  
Old 06-14-2009, 08:12 PM
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...

If only it was that simple
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"Inverting" a logic of a loosing EA is almost sure going to make it as bad as the original, if not even worse

If by "inverting a martingale" you think of what is often referred to as "anti martingale", anti martingale is not a what a name suggests and will, by no means, work for systems that are "random". Anti martingale can work on systems that tend to have streaks, and by looking at the code of the ea attached, that EA is not suitable at all to be "anti martingale"-ized

PS: some more info about anti martingale here : Gaming Concept, Anti-Martingale System but there is a lot of places where the concept is explained


Quote:
Originally Posted by reza1982 View Post
no one wants to help me????????????????????????????????????????????????
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  #19 (permalink)  
Old 06-15-2009, 11:10 PM
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Free EA with martingale?

Most people think martingale won't work. However I have created an EA that uses this type of money management and it works quite well. It starts out with a small trade size and doubles every time it takes a loss and resets when it wins. If 5 losses in a row occur then the ea restarts at the original lit size.

This money management coupled with a system that is highly accurate is what makes the whole thing work.

Check it out!
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  #20 (permalink)  
Old 06-16-2009, 06:04 AM
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You really want to trade martingale? You know, eventually a string of losses will come, and if you are doubling - your account is dead. Beware of martingale.
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