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  1. #71
    Solid Member Trapped's Avatar
    There is so much contraversy around this strategy, my opinion is that the strategy can work, but not in its purest form.

  2. #72
    Banned TradeRoom's Avatar
    A martingale system can only work with a huge account balance and a solid win rate!

  3. #73
    Junior Member trademagician's Avatar
    consecutive martingale trades cannot work at all,martingale should be for 1-2 steps only

  4. #74
    Legendry Member milos's Avatar
    I've never been used this strategy.

  5. #75
    Moderator Kolyo's Avatar
    There is no controversy, the martingale strategy is not working in the long run. If you go for one big win and than go away than PROBABLY it can help. I say probably because it is also possible you can hit a big loser if it didn't worked first time. Mathematically it is proven that limited martingale helps only if you have 100% sure strategy with some good win rate, but you all know market is always changing and every strategy is prone to losing periods, where martingale will amplify the losers as well and will deteriorate profit further. The safest and most profitable way of trading is to not rely on martingale or anti-martingale (decreasing size of risk after lose). I am not saying there is no room for advanced strategies with variable risk size. I am using such strategies very often but you need to be careful what you are doing If you don't understand well the math behind the Kelly criterion, Sharpe ratio and other metrics better to stick with simple money management risking every time one and the same amount of money. Than the only thing you have to tweak and improve will be your win rate and nothing else, more safe and more rewarding. I think maybe 70% of all profitable traders trade this way.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #76
    Rookie Member FxSinha's Avatar
    When we try martingale, We will trade blindly.

    Our mind always remembers us, You will be a winner at the end. You are going to always double your losing amount and you will try to trade frequently. You will not wait until form a good trade setup according to your strategy. If you can overcome this emotional situations you will be a winner with matingale strategy.

    However, if you losing 5 consecutive trades (I may happen) your investment is will be costly. Always calculate that how many trades you can lose consecutively with your account balance. Try to risk minimum amount and win many trades as you can.

    I have tried martingale and I losed 13 consecutive trades that time, and then I understood that this is not for me. (with a small account balance).

  7. #77
    Master Member SeasaltMcFish's Avatar
    Martingale is simply a lousy way of money management.

    Say you have a system with a 5 step Martingale of 1,2,4,8,16 times

    In fact it's the same flat trading system, with 5 different bankrolls.

    Is there anyone that will trade with 32% of his account size, to win the same money you would make with a 2% money management?


    Indeed, a progression is possible, but it's fooling yourself to think it's more profitable then a fixed % moneymanagement.

    If you really want to use a progression, it would be less risky to increase your trade size only after a WIN and go back to the basic buy-in after losing.

    But fixed MM is easily best!

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