The TRUTH About Martingale Strategy: SKIP This & Blow Your Trading Account + Better Strategy Inside
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- Опубліковано 26 лип 2024
- In this forex trading tutorial video, I discuss whether you should use the martingale strategy as a money management strategy. The martingale strategy is a strategy used by gamblers and involves doubling down your bet whenever you are lose.
While it sounds like a great idea, the martingale strategy is actually a terrible trading strategy that is guaranteed to blow your account. I show you a better money management strategy that you can use instead.
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Martingale strategy does work as long as you know how to us it, I’ve been using it for over a year and have never blown my account, first you have to understand the market you are trading, secondary only place buy orders at support levels and sell orders at resistance levels and don’t be greedy to take profits and you will see your account growing pretty fast, i use the martingale strategy on a 1 minute time frame on the s&p500 and I’ve been makeing 7% every day, the only way this strategy wouldn’t work is if you go in a market that never ever does a pull back which is impossible
God bless you
"Martingale strategy assumes you have infinite capital"
So......what's the point then 🤦♂️
Yes, I used martingale a few times, it helped me once and then I lost my deposit (twice) =)
Yes true, I use fixed lot size martingale strategy based Algo, it works well in sidesways market, max limit orders to 5 , when market reverses it averages out previous positions in profit, good alternative to stop loss.
What size lots should i use for trading this method if i have 1000 euro and 1 procent means 10 euros . What kind of lots should i use for this amount 0.01 or 0.10 ?
useful information
sir you are great
if your stratergy has high winrate you will be successiful withn martingale
Before you decide to trade with martingale, make sure you have 20 trades on your sleeve. I mean how shitty potato can you be if you lose 20 times in a row?
It happens to some people mate
been using martingale for the last 3 months and ive lost only 8 in a row
I did exp 26 in a row
then they need a better strategy for martingale @@FinancialMarketWizards
I didnt understand this reversal martingale?! If you say martingale is bad, why would I use then reverse martingale? You are very confused.
Reverse martingale is not martingale...it's just cutting your risk everytime you have a losing trade
Yes this is a dangerous strategy. There is a very high probability one may blow his/her account.
I wish I had seen this video before I blew my account last night 😿
Lol I bet you used it on trends
If you have 10 losses in a row it means you have no idea of what you are doing
use 1.05 multiplicator
Martingale alone shall not be used. You need to have hedging as well as very solid money management values. 0.01 Lots of each 20k. Risk to ruin becomes very big.
That is precisely right sir
I have an algo that does this. It’s good to know that it works
@@deidrascott8871 what's the name of the algo sir?
@@deidrascott8871 the name?
Don't call your method "reverse martingale". You should call it "fixed percentage system".
Also, your method is not better than anything else out there on the market. In your system, if you lose one trade you need two good trades to return to profits assuming the payout is around 80%.
...works when you trade at 4am when the algos seem to magnetize towards the moving averages
And if you get it wrong just once you blow your account...not a good way to trade mate
who said you had to blow your account lmao ? you can have rules in place to counter that you can risk less you can have a hard stop on the account you can have a good winrate @@FinancialMarketWizards
how to use martingale. never risk 1% of your account to start martingale....
Bahahahahahaha... Martingale is a dangerous strategy if you let it run on "auto-pilot" or use an automated EA. Monitoring your strategy (any strategy) is key to avoiding ruin.
if you loosing 1/2 trades you should not be trading real money anyway!