The Martingale strategy i good?
It's a different strategy my friend. It's part of money management and it's not martingale.
Excample: I buy two positions on the same time ant treat as one. If stop is 30 pips then first target is 30 pips too. If first target gets hit then the rest of position gets free.
A also sometimes buy at two levels 50% and 61.8% but always have a well defined stop.
Unlike you that trade weekly charts I trade much shorter charts and I must have different approach to money management.
It's all a matter of perspective. What is the traders risk appetite. Some traders have a higher risk appetite and will have a higher DD.
I have a different approach to trading, and focus more on limiting risk. Aiming to keep DD lower than 10%. In that way I intend to beat the market on the long run and limit losses. In my point of view a few good trades does not make someone a good trader, but a few bad trades can blow ones account.
But of one thing I agree with you that the profit I do not ever stop because my first priority and not the gain that I have but I Quard above the stop loss before the port to zero risk I run and then I gain with the stop loss bringing it to my advantage
Regards
felotus posted:
You're not a swiss management company... someone should sue you for that
You want our address in Geneva ?
SwissManagement posted:
You want our address in Geneva ?
He doesn't mean you don't live in Geneva, he means you are not big.
You are saying do you want "our" address, by "our" sounds too big. I have one question, how many people are trading that PAMM account with 123 USD in equity?
SwissManagement posted:felotus posted:
You're not a swiss management company... someone should sue you for that
You want our address in Geneva ?
please give us your geneva adress
i have swiss mangement here,not the same obviously
https://www.swiss-managers.com/contact-us
CH-1211 Genève 73
Any question ?
ahuruglica posted:SwissManagement posted:
You want our address in Geneva ?
He doesn't mean you don't live in Geneva, he means you are not big.
You are saying do you want "our" address, by "our" sounds too big. I have one question, how many people are trading that PAMM account with 123 USD in equity?
No investors. Only 123$ because it's just an account to show our performance. We manage private account.
But 123$ is not credible for someone who wants investors. Hiding data on myfxbook is not credible too.
You will not get investors that way.
We're based in geneva and it seems you could get 500k-1M just by cold calling people in the street... what are you doing on myfxbook trying to get 100$'s accounts ?
Someone should really sue you for that, it's because of people like you that investors lose money on the FX market.
Lithert posted:
The Martingale strategy, is an effective technique to make trading in forex? According to you what type of account you should open by applying this strategy to be successful? And with how much money should I start? Someone using this strategy in a successful way? I have used this technique to the casino with $ 10 and once I came home with $ 110, even if it would work with forex would really not bad ;)
Martingale can look attractive at first because the win rate is usually high — losses get recovered quickly when the market retraces. The real problem isn’t the strategy itself, it’s the risk of ruin.
In forex, trends can extend much longer than expected, and during those periods Martingale position sizing grows exponentially. That’s where accounts usually blow up. What works in a casino over a short session doesn’t translate well to financial markets with variable volatility and leverage.
It becomes even more dangerous in prop firm environments because drawdown limits are strict — a few recovery steps can violate rules very quickly.
Some traders do use modified versions (with capped levels, wide capital buffers, or hedging logic), but capital protection has to come first. Without strict limits, the probability of eventual failure is very high.
Personally, I think sustainable trading comes more from controlled risk per trade rather than recovery-based sizing.
Curious, are you looking at Martingale for manual trading or some type of automated system?
Martingale can work for a while, just like in a casino. The problem is that one strong trend or extended move can wipe out weeks of small gains. Forex doesn’t have a table limit like a casino, but your account does. Sooner or later the position size becomes too big to sustain. Personally, I’d rather use fixed risk per trade and focus on long term consistency instead of doubling down after losses.
