Thread: Finally Im profitable - I need help coding the EA - Willing to share the egy

Originally Posted by ;

What hard evidence do you need to support your claim? Have you worked as a big bank trader, or do you know somebody who has?

IMO all the obvious evidence is contrary to banks using martingale based MM. Since if martingale delivered long-term profit within the frame of what constitutes valid corporate risk, they would have no need to apply analysts, egists, traders, and so forth. They could only run automated systems that merely double up each 20 (or whatever) pips, like you're describing.

It is not a question of having profound...

I have zero desire to proof anything to you nor don't have the time to do so.
A couple of months back I traded a 25000 $ demo acc to just over $300 000 in 2 weeks time with martingale. If I lasted the acc would be a couple of million dollars powerful now. When it reaches a million dollars and I don't overleverage it, basically trading with the exact same lot sizes I have begun with, then it is IMpossible to wash the acc anymore due to size of the acc. My findings are based on the way I use martingale and historical data. The market never takes of in a straight line for an extended period of time without a little retracement.

Currently I don't trade like that because I don't have the funds to back me up. I scalp and are very good at it. If I do have more risk capital I WILL surely martingale.

Hanover, like I explained elsewhere and mentioned previously... the reason to bother doing any analysis rather than just randomly picking directions to trade is because of time at risk.

When you have unlimited money (real or imaginary) then money is not the risk. Time not being in profit is the risk. If someone has infinite (virtual or actual ) funds then amazing, but no one under any circumstances has infinite time. Consequently, analysis to try and be right is rewarding in this respect on not losing period risked. Cash is the tool for to profit.

As they say, time is money.

Originally Posted by ;

I've absolutely no desire to proof anything to you nor do I have the opportunity to do so. ....

It does not surprise me that you have traded with fantastic success using martingale. As I said, martingale guarantees consistent profit because of its healing method. But if/when it breaks down entirely, the results are astrophic. The risk is that you never know if/when this will take place. It might have broken down until you reached 300k.

If I understand you correctly, you are saying that you have discovered something that can't possibly fail. I won't attempt to argue, I will just wish you the best of luck.

Originally Posted by ;

research show that incorporating in a situation it is more profitable
only because you input with small amount and you increase
once the market moves in your favor

All large fund institutions using algorithms for they trading
because if your system is profitable thus balancing its exactly what it matters

dude, martingale isn't the same as pyramiding.

Martingale adds risk and removes reward. Pyramiding adds benefit and removes risk.

Hanover

In post 8 there are some things I posted which you decided to comment on and I believe you did not know precisely what I was referring to. I refer to the thing.

I respect your mathematical way of explaining things. Maths is not my strong point.
Martingale however has many appliions. Some of which I think has a place in trading these markets. MM may even be applied to martingale.

Respect and good luck to you too.

Originally Posted by ;

Hanover

In post 8 there are a few things I posted that you chose to remark on and I feel you didn't understand exactly what I was referring to. I refer to the hedging thing.

I respect your mathematical way of explaining things. Maths isn't my strong point.
Martingale nevertheless has many appliions. Some of that I think has a loion in trading these markets. MM can even be implemented to martingale.

Respect and great luck to you also.

RG,

Agree with you. There's very little profit to be obtained in debating semantics on forums, particularly as everyone thinks otherwise. I am happy enough with how I trade, and it sounds like you're in precisely the same position. If it works profitably, simply rinse and repeat. My best wishes to you personally.

David

Money management is what matters
And this can be different opinions about martingale what's yours?
1. Martingale by allow your position run against you for a while up to recover again?
2. Or by averaging positions?
I Won't think about the 1st one martingale with solid money management even 100 pips minus
But will consider the 2nd one aggressive martingale even using 5 pips minus
ENTER SMALL EXIT BIG that#8217;s the achievement

Originally Posted by ;

Hanover

In post 8 there are a few things I posted which you decided to comment on and I feel you didn't know precisely what I was referring to. I refer to the thing that is hedging.

RG,

I've just re-read your post #8 a few times, and you are right: I don't understand.

In case you put opposite martingale with your typical martingale trades you cannot go wrong. You take profit in the direction of the market. You are always fully hedged. You take profit at major R/S with the hedge martingale( direction of trend) and just a small pullback at the R/S will give you breakeven with all the martingale trades.

You say that you are always fully hedged. I assume that means you are X lots long in a pair, and also (simultaneously) X lots short. Doesn't that mean that no matter which way price goes, the pips gained on one position is just balanced with the pips lost in the other, so the net effect isn't zero? In other words, the hedge could be replied by simply being from the market (and better still, paying no spread). Therefore I do not see how anybody could be profitable by being fully hedged.

The only way I will view it as being (potentially) profitable is when you close one side of the hedge, or increase the other side so that the 2 places no longer cancel each other out. Then you are exposed to profit or loss, however in the exact same manner an unhedged trader would be, using a single place. Hence I can't see how the payoff in itself provides a border.

I believe our idea of what is martingale and inverse martingale are possibly distinct. I know martingale as doubling the bet/position size with every loss, and then reverting to 1 unit as soon as a triumph occurs (returning the account balance to the point it had been, and one unit, until the sequence of consecutive losses). Hence martingale can never lose, no matter what technical egy is utilized, because of this recovery system, and as long as there are infinite funds from the account to permit unlimited doubling.

And that I know reverse martingale to mean doubling following each win, and reverting to 1 unit after a loss.

You take profit at major R/S with the hedge martingale( direction of fad ) and only a small pullback at the R/S will give you breakeven with all the martingale trades.

So you have two martingales, one doubling every time price moves X pips south, and yet another doubling every time price moves X pips north? Let's say that the trend direction is upward. Hence one martingale takes profit at this point, while the other counts on a small pullback to recoup its accumulated losses? I just can not get my head around that.


Ultimately, it's my perception that big banks and funds must operate based on a strict set of rules regarding risk management, and that any MM system which left them exposed to potentially infinite loss would be illegal. (We know what happened to Nick Leeson and http://en.wikipedia.org/wiki/Barings_Bank, by way of instance ).

I just can not bring myself to believe that there is a method out there which allows consistent profit for absolutely zero risk, except perhaps some sort of arbitrage opportunity that (for example) exploits imbalances between multiple price feeds, or (another instance ) hastens swap interest on one account while losing nothing over a swap-free account. However, I don't see how any staking/sizing system could in itself provide a border. All casinos stake their presence with this bulletproof assumption. And with trading, I can not find any way of becoming profitable, apart from being net long when price is rising, and net short when it's falling, on-balance frequently or heavily sufficient to conquer costs.

Having said that, I have to admit that I am very interested. Thanks for any clarifiion.

David

Originally Posted by ;

Money direction is the thing that matters
And this can be different opinions about martingale what is yours?
1. Martingale by allow your position run against you for a while up to recover again?
2. Or by averaging positions that are loosing?
I won't look at the 1st one martingale with good money management 100 pips minus
But I will think about the 2nd one aggressive martingale even using 5 pips minus
ENTER SMALL EXIT BIG that's the success

I think you mean commerce direction (exits) rather than money management (method for sizing places )?

Hey guys,

I expect several guys are after my client's a/c that's trading only GBP USD for almost 8months reside as continuous as it should:

Login: 66928
Inv password: abcd1234
Server: 78.140.182.199

and the results are there to talk I assume. I am planning to modify inv password shortly in about a week.
FYI

Regards,
ScoobiDoobi