Comments on: Martingale Trading System in Forex

By: RomeoMD

RomeoMD — Mon, 17 Aug 2009 02:16:16 +0000

If use 50k only generated not too high ROI per month, that’s sound very risky as Martingale no have stop loss. All EA might have a chance to blow account left only 10-30% of initial deposit.

If your Martingale able generate very high ROI per month for you to safe keep, then blow account once a while is acceptable as you already earn back your capital at the first few month.

How long you use your 50k Martingale EA? And how many ROI generate every month so far?

The Martingale EA i knew is Goblin, Blessing, FithElement, HollyGrail, Terminator, Autobot, CharlesHedging…

By: Jaime Toscano

Jaime Toscano — Wed, 05 Aug 2009 19:56:52 +0000

I use a martingale strategy and start with 0.01 lots for every 50K invested. And of course I hedge. TP is 20% larger than SL. Profit is not too high but system works wonderfuly with a max DD of 25% so far. And of course, since hedging is implemented, profits are generated every day. Happy trading to all.

By: RomeoMD

RomeoMD — Sat, 01 Aug 2009 07:01:36 +0000

You can said is a “Martingale Grid”. It really depend on the market to have reversal to get out of the hole you dig. On Jul 09, the 100k Acc do very fast get 70% ROI in just 2 weeks, but later the trend seem have weak reversal and the account stop out many times and at end of month only left 30% of initial deposit.

On the other hand, I start testing with a very low account of 250 USD using random assault Martingale under no hedging rules and it able to get 100% ROI in Jul 09.

http://ahmoi.com/action/blog/one.php?id=4a711e878c340

By: Ruud

Ruud — Thu, 30 Jul 2009 14:25:56 +0000

sound like ‘grid trading’ .
you can wait out a 9 losing streak on a demosystem though and then start the Martingale. I checked 11 or 12 losing trades in a row does occur, but rarely. this way you ‘only’ have to search for golden opportunities where 9 losing streak just occured on a random-like system and then start.

By: RomeoMD

RomeoMD — Tue, 07 Jul 2009 16:11:18 +0000

Martingale mean double up. Why you want to close position when lose ? Forex is not like gambling that if you bet for Up and turn out Down you money will be forfeited. So instead putting stop loss, you put pending order to open a double position and take profit by at the 1st trade opening price and close all other trade, then your first trade will have zero profit instead of negative profit.

On 5 May 09, the trend is very strong and my 100k account get margin call become 50k. After that the trend become bouncing and stable and able earn average 10k per day. Total take 29 Days to reach 200k. Detail can view at my journal log http://ahmoi.com/action/blog/one.php?id=49ddcd7a7be6a

Margin call experience happened more at my 10k demo, which cause by open too many position. http://ahmoi.com/action/blog/one.php?id=49e7079038d3a

By: Andrei

Andrei — Mon, 06 Jul 2009 06:48:57 +0000

I don’t see what has it to do with Martingale if you just double the position size without closing the previous trade.

Have you encountered margin call already?

By: RomeoMD

RomeoMD — Mon, 06 Jul 2009 02:23:50 +0000

Martingale have many style of doing it. My one is open position at double size when loss, when the trend come back to your way, it will close all position, so the last position will win with the Profit to cover all the loss of previous position. My EA no have stop loss, it stop out by margin call only, so is like martingale gambling, u always double up when you lose, till you win back. Or get margin call to close all your trade and start over again.

PS : I don’t close position when loss, I only double up. I close all position when the profit basket is positive. The last position profit have to cover all the loss of previous position.

Does this stratergy work ? Already 2 month tested in Demo with 100% Return.

By: Andrei

Andrei — Sat, 04 Jul 2009 06:42:01 +0000

That’s not Martingale system. In Martingale your next win/loss should be proportional to the previous one. Also, if you don’t use stop-loss, why there are trades with closed loss? How do you determine that it’s time to close position with the loss and how is it different from using stop-loss?

By: RomeoMD

RomeoMD — Sat, 04 Jul 2009 06:35:02 +0000

Alpari with 5 digit enable more trade happened using non stop martigale system. My demo show that 300% return in a month : 10k become 40k.
http://alparidrive.mt4stats.com

By: RomeoMD

RomeoMD — Fri, 05 Jun 2009 05:35:42 +0000

There’s fact stronger than word and assumption.

So the so call near death margin call experience i went through.

Start with 99k… margin call… become 50k… then rising… till 195k… as the robot cut all trade on Fri, turn 170k… rising again.. 200k.
( Total days take 29 Days)

Then i reopen new account as we would keep safe after getting 100$ ROI.
27May09 start with 100k again… now 5Jun09 140k.

Journal record at : http://ahmoi.com/action/blog/one.php?id=49ddcd7a7be6a

2nd demo with 10k. Journal : http://ahmoi.com/action/blog/one.php?id=49e7079038d3a

13 May 09 till 29 May 09 : Total 16 Days to gain 100% ROI.
This demo will try run 4 month to achieve 100k. 1000% ROI.

In my journal got the mt4stat update. You able to see my demo transaction. Of coz it might get margin call sometimes, but the point is how fast you can climb up again after margin call. And how much your raw down after margin call.