Martingale

[Khimi234]

First of all I am very thankful to all robo forex forum staff that they bring another wonderful contest for forum member's called as "Forex Advisor's". Personally I don't have any long trading experience with robotic trading system but I always like to take part in robo forex forum contests. That's why today I am writing a review about Marginal trading EA.

As we know that EA trading take a great place in this business because its making our trading business very flexible and now trader's are able to do trade without spending time much time in front of their computer. Robotic trading system is fully automatic where trader's don't have to do any manual trading analysis, money management, etc. The good thing about EA trading is that its not contain any emotion in trading.

The main cause of people loss is emotional trading in forex market, but with the help of EA trading trader's are able to control this problem in a good way. Now I want to discuss about the Martingale EA, here we go.

What is martingale EA?

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There is every where risk in each kind of business, and there is risk too in martingale trading strategy too. I just want to explain in simple words that how Martingale EA do trade in the market. For example if market is going down then robot will take buy decision time to time, depend upon EA trading strategy. On the other hand when market will go up then it will take a sell position time to time. Actually buying and selling decision could depend upon each opening candlestick, or can depend upon few amount of pips gap. One more important thing is trader's need a lot of money to do trade with martingale trading EA, because it take a very high lot size some, when robot don't able to close the positions in profit within a downtrend or uptrend market. So to make an average between trade or to convert our losses into profit martingale ea take bigger lot sizes.

Martingale EA principles:

1. Martingale trading strategy include a bigger risk so first of all we have to keep in mind that with low deposit we can't use any martingale EA in trading.

2. Currency pair selection is also very important, trader's have to do trade with less high volatile pairs I would suggest trader's to do trade with Euro/Usd only.

Martingale EA parameter's:

For now current default setting is looking for me so I don't think that we have to change any setting in this current martingale ea. You have to use the same or default trading setting for trading. There is no need to change the size of lot size too it will automatically use lower to high lot size according to the market condition. Regarding time frame I will suggest trader's to follow the M15 time frame with Euro/Usd Pair.

Result of Back testing:

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The result of back testing showing really good, I have tested 2,3 months back market trading and its made a very good profit of $5533 in $7000 USD amount. The draw down of this EA is very high its 95%. That's the main problem of all martingale EA draw down is always higher in this type of trading strategy, right now I don't have other martingale EA but I believe that this ea will do very good trading with high amount of investment $10,000.

My person Opinion:

I am a trend follower trader and the second thing I don't use EA trading much in my trading system, I am a pure manual trader. All those screenshots of earning are based upon back testing of robot. The selection of a good broker is also very important same like a good EA. By the way thanks for reading for thread, now if you want to use this robot in real trading then at first you have to test in demo trading account from your side too. Test this at lest 4 months in your demo trading account before applying it in real trading account.

Download the indicator from here:

[cozard007]

Just follow the proper management folks, as far I know its not one of the very high volatile pair so martingale trading strategy possible in nzd/cad pair. And I have also seen a lot of breakouts in this pair, I would suggest m30 and h1 time frame for martingale in this pair.

I do not do trading with NZDCAD, and the reason behind this is that; they (NZD and CAD) are both commodity currencies, and the ways they are moving might be same, this could always cause sluggishness in the pair. Also, I noticed that such pairs are obeying much of breakout trading rules, this might be a way out for traders that can be patient with it.

[Hukam]

I do not do trading with NZDCAD, and the reason behind this is that; they (NZD and CAD) are both commodity currencies, and the ways they are moving might be same, this could always cause sluggishness in the pair. Also, I noticed that such pairs are obeying much of breakout trading rules, this might be a way out for traders that can be patient with it.

Did you applied proper management in your trading with NZD CAD pair trading, How much experience do you have of NZD CAD pair trading? Your view is seeming good because I never heard from anyone that they are giving their time for NAD CAD pair trading, most of forex trader's are busy with major currency pairs, and a trader should follow these for trading. I never do trade in any other pairs than major's they are highly recommended for trader's.

[impexo27]

As far as i know if you trade with a martingale EA or system sooner or later you will lose your entire account and you will be very frustrated for that. That is why i dont use martingale strategies to make money. that is why i always want to make money maually.

[layigold]

Back testing a Robot is not exactly the same in performance with real live trading and this calls for caution just as the owner of this thread as rightly mentioned. I am exploring the aspect of the use of automated trading system at least to widen the scope of my knowledge in forex trading because no knowledge is waste in this industry. I will forever remain in love with manual trading more so that I am a long term trader

[sameeh]

thanks for sharing this good trading system and it looks a good expert and work well, trading with robots is good thing but the trader should not depend on it totally and watch that expert always to see if it is still work well or started to have some defects especially with the update of meta trader that occur many times and how this EA work with that updates.

[azaharul]

Martingale indicator gives us good profit. Experts are using this indicator properly. I believe this indicator and I think that, if any trader understand this martingale and trade with this indicator only the traders can take good profit from using this indicator. Thanks for your best information.

[YoyO_o]

Your Robotic is very good if you can be able to control your emotions and exercise patience enough to leave your winning trade before closing the trade with your trading plan.

[elena]

Martingale indicator gives us good profit. Experts are using this indicator properly. I believe this indicator and I think that, if any trader understand this martingale and trade with this indicator only the traders can take good profit from using this indicator. Thanks for your best information.

I think there is no indicator martiangle but martiangle robot. One thing which really important for doing martiangle is risk management. Without risk and money management, you will lose all of your money in seconds. It is because martiangle will double your lotsize again and again, and it really dangerous

[john abraham 94]

using martingale in trading used to recover the losses and for me as trader is not a good idea because that can increase possibility to loss in trading and also very dangerous and i don't recommends it to everyone and also requires to have big amount of capital good luck

[elena]

using martingale in trading used to recover the losses and for me as trader is not a good idea because that can increase possibility to loss in trading and also very dangerous and i don't recommends it to everyone and also requires to have big amount of capital good luck

I am using martiangle trading robot also, but so far so good, i really can make good profit from my robot every month. BUt i have maximum drawdown, so the robot will not blow up my account as long as i can be discipline with my trading plan. So far, my account is safe and profitable