Martingale system
$100,000 in 5 days? that's a record!
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Originally posted by honeric01$100,000 in 5 days? that's a record!
I think his name will be placed in the world record as individual trader that loss this much money.:D
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Originally posted by sadscorpion
Originally posted by honeric01$100,000 in 5 days? that's a record!
I think his name will be placed in the world record as individual trader that loss this much money.:D
Can it be his money? or maybe he was a scammer. Who can trade so recklessly with his own money. its not $100, its $100,000. I think he is involved in some very high standard scamming.
Very funny...but its possible. Martingale is dangarous BUT very profitable if use wisely...
One tip is to start with minimum lot...
Originally posted by index1phpVery funny...but its possible. Martingale is dangarous BUT very profitable if use wisely... One tip is to start with minimum lot...
I have heard that there are different strategies to use martingale. Moreover, even if we start from the lowest lot, there is a high possiblity that a loosing streak blows our account. I think the words "Wisely" and "Martingale strategy" are antonyms. Martingale strategy is purely based on the rule that trader will win at least once before loosing all of his money. It is profitable but extremely risky.
Originally posted by Jogi
Originally posted by index1phpVery funny...but its possible. Martingale is dangarous BUT very profitable if use wisely... One tip is to start with minimum lot...
I have heard that there are different strategies to use martingale. Moreover, even if we start from the lowest lot, there is a high possiblity that a loosing streak blows our account. I think the words "Wisely" and "Martingale strategy" are antonyms. Martingale strategy is purely based on the rule that trader will win at least once before loosing all of his money. It is profitable but extremely risky.
Actually I believe it is possible to run Martingale with guaranteed positive result on the long term on financial markets.
This is achieved by betting on the same direction over and over, since markets retrace, and since they can't move on the same direction forever, a win is bound to come our way sooner or later.
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Originally posted by Jogi
Originally posted by index1phpVery funny...but its possible. Martingale is dangarous BUT very profitable if use wisely... One tip is to start with minimum lot...
I have heard that there are different strategies to use martingale. Moreover, even if we start from the lowest lot, there is a high possiblity that a loosing streak blows our account. I think the words "Wisely" and "Martingale strategy" are antonyms. Martingale strategy is purely based on the rule that trader will win at least once before loosing all of his money. It is profitable but extremely risky.
here's an example of MARTINGALE STRATEGY
http://www.fxstat.com/performances/view/Forex_Hacked_Live-5618
the account suffered because of USDCHF sudden up-trend but survive and still in profit...
Check it out...
hmm. So far its surviving. I have seen many martingale systems on other analysing sites but they do not continue long. Actually no one can handle a long loosing streak which always comes in a martingle sooner or later.
The account u described is using Forex hacked EA which is a mix of martingale, breakout and hedging. Its not a pure martingale but still looks to be risky.
I have never used this. But so far I know Martingale is a good strategy. It should work. I am just saying it from the different references that I have had. You should know better since you have tried it.
Originally posted by sugeng82I have never used this. But so far I know Martingale is a good strategy. It should work. I am just saying it from the different references that I have had. You should know better since you have tried it.
Why do u think martingale is good? Because as far as I know martingale can easily blow ur account. There r many versions of martingale with some versions safer than others. But it is never recommended for beginners.