Disliked{quote} But how many days in a row could it possibly go without retracing at least once back to the open? My guess is 4. So you wouldn't need an infinite account balanceIgnored
MT4/MT5 EAs/Indicators/Alerts coder
AMAZING Strategy!!! 3,261 replies
WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies
strategy builder/tester for new scalping strategy 1 reply
Is opposite of losing strategy a winning strategy? 21 replies
Dcm - direct currency markets 14 replies
Disliked{quote} But how many days in a row could it possibly go without retracing at least once back to the open? My guess is 4. So you wouldn't need an infinite account balanceIgnored
DislikedHi My Friend, sorry for my bad English. Maybe I little bit different with my Teacher FerruFx, in my personal opinion yes you can use martingale with very strictly conditions, and of course you need enough capital to do that. The first rule is never go short, short is martingale enemy, so only take one side trade and that is long only. This is simple logic reason, the risk between long and short with same lot size is really big different. Short position is infinitive risk, and the other hand you can exactly calculate the risk of long position. for...Ignored
DislikedHi My Friend, sorry for my bad English. Maybe I little bit different with my Teacher FerruFx, in my personal opinion yes you can use martingale with very strictly conditions, and of course you need enough capital to do that. The first rule is never go short, short is martingale enemy, so only take one side trade and that is long only. This is simple logic reason, the risk between long and short with same lot size is really big different. Short position is infinitive risk, and the other hand you can exactly calculate the risk of long position. for...Ignored
Disliked{quote} Sorry but your reasoning is only valid for the very first calculated lot size of the martingale sequence. The following martingale steps will increase the risk until either the goal or the margin call is reach. Each new step moves the margin call price level closer to the current price.Ignored
Disliked{quote} Yes Sir, that is for 1st position risk only, so if your 1st long EU position is 0.1 lot then you need round up $14.000 in your account. if your martingale step range is 1000 pips, then your 2nd position let say with 2 multiplier is 0.2 lot and you need additional $ 26.000 in your account, etc..etc and of course that is not my area of trade since i still retail trader , and in my personal opinion why we try hard to learn all this technical or fundamental analysis is because most of us still in under capitalize.. and must carefully...Ignored
DislikedHi My Friend, sorry for my bad English. Maybe I little bit different with my Teacher FerruFx, in my personal opinion yes you can use martingale with very strictly conditions, and of course you need enough capital to do that. The first rule is never go short, short is martingale enemy, so only take one side trade and that is long only. This is simple logic reason, the risk between long and short with same lot size is really big different. Short position is infinitive risk, and the other hand you can exactly calculate the risk of long position. for...Ignored
Disliked"That's exactly how roulette players (red/black) are reasoning. You have absolutely no way to know when a current sequence will end ... Keep in mind that there will always be a worse sequence than the previous worse sequence ..." FerruFX is exactly right. I believe one Las vegas Casino had red come up 42 times in a row. Try dealing with that scenario - you will be killed long before.Ignored
Disliked{quote} 42 times in a row? ouch. But for some reason I doubt that.Ignored