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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!
Oh yea? Post the code here. I'll definitely check it out
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
As for whoever said on the last page that they have a system which is 100% loser - its probably because it loses on the spread. Reversing it would still lose on the spread, so it would still be a 100% loser.
As for whoever said on the last page that they have a system which is 100% loser - its probably because it loses on the spread. Reversing it would still lose on the spread, so it would still be a 100% loser.
No he can't, because he's banned. Martingale/Cost averaging system is fine, provided you know when to take profit and stop trading. But the truth is always greed took over fear in that case. Martingale/Cost averaging will NEVER lose(provided you have infinite backup fund). It will work for you forever until there is one time you running out of margin. Thats all about it.
Regards,
David
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
How ironic really .. martingale always wins if you have infinite backup fund ... but if you had infinite backup fund, you wouldn't be trading in the first place .. you'd be on an island relaxing somewhere
Martingale does not always "Win" given unlimited capital. Given unlimited capital it reverts to 1 on a 50/50 spread. With this being said the second you pay a spread, you are screwing the spread towards the dealer, sometimes more considerably than others.
In order for a martingale system to work, besides the proper management and risk controls, you need to have an edge or you will just be working back to 1. Two ways this can be accomplished is:
1 Superior timing (however, if your able to do that you probably are already winning)
2 Trading only during mean reverting times, however this would be considered a form of an edge. Martingale will work as long as the mean reverts, that is the whole premise of the stacking bets, however the quest to predict when a market will revert to a mean and when it is trending is a daunting task in itself.
It's been said in this thread, but I'll say it again, Martingale works perfectly... until it doesn't.
From my experience martingale EAs work but they must be monitored. At one point I was running so many martingale EAs that I was getting about $400.00 to $900 per day. I didn't monitor it and a sharp move with no retracements killed me as margin kept doubling as each sell limit was hit.
However since then I have used them successfully by not starting too large for the account and knowing the behavior of the pair I am using. Average Daily Range and True Range are very important to compare on a daily basis.
In addition, I find that martingale EAs work best in a counter trend after the London session closes or when there are no major announcements.
Also when you look back at a pairs history you may not take into consideration what announcements were made or if Ben Bernanke, Tim Geitner or Barack Obama spoke to make the currency go crazy.
These announcement/speech days are considered abnormal and will more often than not affect the range and behavior of the pair you are trading. So you must decide to take smaller losses when these events occur rather than ride them out and sustain bigger losses due to the limitations of these EAs.
Most brokers will not go beyond 50 lots (live) so that is your limit regardless of how much money you have in your account. At that point you would have to trade manually to keep up but your profit potential may not be worth the risk.
Martingale works
Linear Mode
