Using Martingale Wisely
Submitted by User on October 14, 2009 - 15:35.
Submitted by Dachel Miqueli
Ok here we go.
I traded the GBP/USD only, now wait around 12:45am EST to find out that in the past few hours the price has consolidated, then open up the 5 min time frame and 30 or more if you want to.
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Even if it is a 99 win and 1 loss, it's still a disaster. It only takes 1 loss to wipe out the all the wins.
Well if I understand it right, this method is a big loser - 48 wins and 3 lose series with 5 lever martingale (1+2+4+8+16 = 31).
So 48 W x 123 L
Im interested in how well your martingale did. I also have a martingale EA being planned to convert into a EA with some safety features. [email protected] www.Professor53.com
Hi,
Singapore time zone is GMT+8 hours,
while EST = GMT-5.
We have EST time zone in US & Canada.
Regards,
Edward
Edward, is the author mentioned of 12:45am EST refers to 1245am Singapore time?
Any news on this strat? Thanks
Hi guys, I'm sorry for my delay, is just that there is a lot of stuffs going on right now with me and I haven't had the time to do the video, I got the software so I just need some free time.
Thanks
Dachel
Dachel,
I recommend this software for the video presentation issue. It's easy, simple-to-use software and it's FREE!
http://download.cnet.com/CamStudio/3000-13633_4-10734470.html?tag=mncol
Just need to confirm, now you're using 5 sequence instead of 7 sequence before. but your excell is set for 7 sequence. shall be altered to accommodate that?
any different in risk/reward factor when these two being compared each other?
wish more doubts are answered after watching your video presentation.
thanks for your great contribution, Dachel.
-MAL
ok guys I will explain it in detail on a video witch is even better. But first help me out to find a good software to do this because I never did it.
Dachel
I too am interested. But not enough info to evaluate it properly. Please explain more.
Ken
The Cat Preacher
sounds Interesting.
the timing factors as you mentioned seems something valuable, something worth to Look for.
I read your post 3-times. maybe you are willing to tell how you do this in private. Lol..... so, could you please be more specific how exactly you do. I hope I could get some useful sense here.
theGambler_
Thanks Dachel.
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