Elliot waves and fibonacci comes handy in recognizing the trend.

If the system is set up correctly, everything works well. It is clear that the option is possible that sooner or later everything will be at 0.

But when the balance is large, the chance decreases almost to 0. How do you handle trend change from range? There were times when I open a trade at support or resistance but the price broke out and never came back and all my doubles becomes counter trend trades, hoping for a pull back to cover all losts. I am working on Martingale strategy and its too risky, so to reduced Drawdown I have to add winning positions in with Losing positions to Limit drawdown to possible low I am unable to set such Lot of trades so that T.

Ps are at the same Price so that At any point point market kick back both my losing side T. P and wining side T. P will hit can you help me on this?

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Hi Adil Please send me the strategy,i wanna try it,have been losing Regards Paula. If you are curious about how I do my thing. I will be very happy to share with you.

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For martingale why you r using chart. So you open trade based on signal right. Then why you do both buy and sell. There is a way to achieve infinity money. In other words, percent of your portfolio divided by a large number close to infinity. I thought I am the only one traded with this method because I figure the whole trading method using mathematical, psychological and logical thinking. Until today I came across this method actually has a name on it. I was a veteran ex stock retail trader by practise.

Forex trading is entirely new to me. I started Forex Trading since Nov There are few things in common. Number, Charts and Percentage. I figured that out later on. Second attempt was to burn my demo account as quickly as possible by using double down method. Im on the third demo account with fine tuning martingale method.

I think I am lucky on it. I only trade EU pair.

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The last trade happens to hold 4days because of losing trade, and unable to take profit during g sleep hour. As I am still in the process of learning. From Mathematical approach, what I did was gap between entry price need to be proportional to your lot size. Example, buy 1. Buy 1. Secondly, Instead of waiting the whole set of trade to be profitable. Take profit once the newest trade start to trend to your direction.

It is to cash out and free up the capital, so when it reverse your trend again, we can reenter with 4lot instead of 8lot. Greatly reduce risk involved. I rather think it as spread betting, I would actually thinking I need to place 15 lot up to whatever spread or double down you want to call it , so I am actually be delighted when it go against my trend, because I could buy it at cheaper price. From psychological approach, making mistake is part of the trading, it should be allowed in our system with a backup strategic, hence martingale. We should stay away from Martingale as it is very dangerous.

Thank you for your explanation and effort is it possible to program an EA to use martingale strategy in a ranging or non trending market and stop it if the market trends like cover a large predefined number of pips eg pips in certain direction and then uses Martingale in reverse. The trading system is a lot more complicated then I thought.

A lot of financial advisors use tvalue. Martingale sounds a great way to become more knowledgeable in the trading system. Martingale can work really well in narrow range situations like in forex like when a pair remains within a or pip range for a good time. As the other comment said if there is a predictable rebounding the opposite way that is the ideal time to use it. Then the strategy has to be smart enough to predict when the rebounds happen and in what size. The amount of the stake can depend on how likely it is for a market run-off one way or the other, but if the range is intact martingale should still recover with decent profit.

How can I determine porportionate lot sizes by estimating the retracement size.

Martingale (betting system)

Is there any formula to work backwards and determine proportionate lots for such a situation? Thank you. The recovery size you need would depend on where the other orders were placed and what the sizes were — you will have to do a manual calculation. Hope that helps. Great article please I had like to know what are your trading numbers while using the martingale strategy.

The system I was using would make low single digit returns. Obviously you can leverage that up to anything you want but it comes with more risk. So I assume that if the market is against me then I want to quit as soon as possible squeezing my potential earnings. So even if the trend is against me, sometimes during an hour, the price oscillates on my side.

Trading Forex With The Martingale Strategy

This is true. One thing I think It could be interesting is to work more on the winning bets. Any Ideas or known strategies about it are welcome. Thank you for sharing this wonderful article. So you are talking about Dollar Cost Averaging system above. But I guess the maximum drawndown is not correct.

Is the drawdown of the last trade or the whole cycle? The limit is for the whole cycle. The TP is not a take profit in the regular sense. Position Size Limit Drawdown 1 1 2 1 3 2 4 4 5 8 6 16 7 32 8 64 80 9 40 I guess there is a typo. In your formula for maximum drawdown, you are assuming 20 pips TP, which becomes 40 pips when it gets multiplied with 1 or your are assuming 40 pips? Have you heard about Staged MG?

Sometimes called also Multi Phased MG? It means that each time the market moves you take just a portion of the overall req. What do you think about this strategy?

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Is it safer than regular MG? BTW, can I have your email please for a personal question? It lets you use a different compounding factor other than the standard 2. So instead of 2x for example that you have with standard MG you can use 1. Therefore this sounds more like a reverse-martingale strategy. So as you make profits, you should incrementally increase your lots and drawdown limit.

Could you explain what you are doing here? Looking at you table you are increasing the drawdown limit based on profits made previously, but you stop increasing the limit at the 7th run.

Martingale With Two Outcomes

This ratchet approach basically means giving the system more capital to play with when if profits are made. So in the early runs the number of times the system will double down is less and hence the drawdown limit is lower. But with each profit this drawdown limit is incremented in proportion to the profits — so it will take more risk. In the example the reason it stops at line 7 is just because in practice the drawdown occurs in steps because of the doubling down. Very good article, I read it many times and learned a lot. My question would be how to chose currencies to trade Martingale?

You suggested to stay away from trending markets. What indicators and setups could help identify most suitable pairs to trade? You are welcome. Balance is relative to your lot sizing. With 2k or 3k the ideal would be nano lots.