Simple Martingale System - MT4/MT5 Resources
Hello,
I thought I'd start this thread about a great system I've found... although general problems with the Martingale system: 1. Requires a huge account 2. Very large losses. These have been reduced to just one and that is the jumbo account.
It uses the breakout strategy as the entry rule.
This system has been greatly modified to cope with losses due to spreads, the only drawback is that it requires a large amount of capital. I must say, if you are willing to make small profits over a long period of time, you will succeed with this system... I don't want to come to the conclusion that "never lose money" {open to correction}.
PAIR: works well for the following currency pairs: E/U, G/U, AUD/USD, USD/CHF {tested}
Time range: M15/M30.
Trade Type: Short-term Methods: Martingale and Breakout Indicators: None
1. Open the M15 chart at 6:00 AM GMT
2. Take the low (L) and high (H) between 6:00 and 3:00
3. Subtract the spread from High (HS) = New High (NH) and add the spread to Low (L+S) = New Low (NL)
4. Place pending orders (X lots) in NH and NL.
5. If one of them is triggered, change the other one into 3*x lot. i.e. 3*many
Default take profit = the difference between the highest price and the lowest price. (not NT or NL)
Default stop loss = 3*difference between high price and low price
EG
If the EU high and low at 6am were 1.3312 and 1.3286 RSPV respectively.
Difference=1.3312-1.3286=26PIPS
Then NH=1.3312 - 2(propagation) =1.3310
NL=1.3286 + 2 = 1.3288
Place 0.1 hand length @ 1.3310
0.1 short hand @1.3288
If the long position is triggered, change the short position to 0.3 lots
Long take profit=1.3312+26 =1.3338
Long stop loss = 1.3312-(3*26)= 1.3260 Short stop loss is the same.
///////////////////////////////////////////////////////////////////////
Good for you if long is triggered before TP... Good for you If long and short are triggered at the same time, i.e. profit will eventually be made in short direction... Good for you If long is triggered first, followed by short and price goes north, place another order at the same place but with 6* lots... Incremental levels for placing lots are in this order..0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6 etc.
My statistics show that grade 1-3 occurs 70% of the time, grade 4-5 occurs 25% of the time, and grade 6 occurs 5% of the time.
Much of the talk...see attached photo
I thought I'd start this thread about a great system I've found... although general problems with the Martingale system: 1. Requires a huge account 2. Very large losses. These have been reduced to just one and that is the jumbo account.
It uses the breakout strategy as the entry rule.
This system has been greatly modified to cope with losses due to spreads, the only drawback is that it requires a large amount of capital. I must say, if you are willing to make small profits over a long period of time, you will succeed with this system... I don't want to come to the conclusion that "never lose money" {open to correction}.
PAIR: works well for the following currency pairs: E/U, G/U, AUD/USD, USD/CHF {tested}
Time range: M15/M30.
Trade Type: Short-term Methods: Martingale and Breakout Indicators: None
1. Open the M15 chart at 6:00 AM GMT
2. Take the low (L) and high (H) between 6:00 and 3:00
3. Subtract the spread from High (HS) = New High (NH) and add the spread to Low (L+S) = New Low (NL)
4. Place pending orders (X lots) in NH and NL.
5. If one of them is triggered, change the other one into 3*x lot. i.e. 3*many
Default take profit = the difference between the highest price and the lowest price. (not NT or NL)
Default stop loss = 3*difference between high price and low price
EG
If the EU high and low at 6am were 1.3312 and 1.3286 RSPV respectively.
Difference=1.3312-1.3286=26PIPS
Then NH=1.3312 - 2(propagation) =1.3310
NL=1.3286 + 2 = 1.3288
Place 0.1 hand length @ 1.3310
0.1 short hand @1.3288
If the long position is triggered, change the short position to 0.3 lots
Long take profit=1.3312+26 =1.3338
Long stop loss = 1.3312-(3*26)= 1.3260 Short stop loss is the same.
///////////////////////////////////////////////////////////////////////
Good for you if long is triggered before TP... Good for you If long and short are triggered at the same time, i.e. profit will eventually be made in short direction... Good for you If long is triggered first, followed by short and price goes north, place another order at the same place but with 6* lots... Incremental levels for placing lots are in this order..0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6 etc.
My statistics show that grade 1-3 occurs 70% of the time, grade 4-5 occurs 25% of the time, and grade 6 occurs 5% of the time.
Much of the talk...see attached photo
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