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Forex Trading The Martingale Way.
Would you be interested in a trading strategy that is practically 100% profitable? Most traders will probably reply with a resounding, "Yes!" Amazingly, such a strategy does exist and dates all the way back to the 18th century. This strategy is based on probability theory, and if your pockets are deep enough, it has a near-100% success rate.
Known in the trading world as the martingale, this strategy was most commonly practiced in the gambling halls of Las Vegas casinos. It is the main reason why casinos now have betting minimums and maximums, and why the roulette wheel has two green markers (0 and 00) in addition to the odd or even bets. The problem with this strategy is that to achieve 100% profitability, you need to have very deep pockets; in some cases, they must be infinitely deep.
No one has infinite wealth, but with a theory that relies on mean reversion, one missed trade can bankrupt an entire account. Also, the amount risked on the trade is far greater than the potential gain. Despite these drawbacks, there are ways to improve the martingale strategy. In this article, we'll explore the ways you can improve your chances of succeeding at this very high-risk and difficult strategy.
What is the Martingale Strategy?
Popularized in the 18th century, the martingale was introduced by the French mathematician Paul Pierre Levy. The martingale was originally a type of betting style based on the premise of "doubling down." A lot of the work done on the martingale was done by an American mathematician named Joseph Leo Doob, who sought to disprove the possibility of a 100% profitable betting strategy.
The system's mechanics involve an initial bet; however, each time the bet becomes a loser, the wager is doubled such that, given enough time, one winning trade will make up all of the previous losses. The 0 and 00 on the roulette wheel were introduced to break the martingale's mechanics by giving the game more than two possible outcomes other than the odd versus even, or red versus black. This made the long-run profit expectancy of using the martingale in roulette negative, and thus destroyed any incentive for using it.
To understand the basics behind the martingale strategy, let's look at a simple example. Suppose we had a coin and engaged in a betting game of either heads or tails with a starting wager of $1. There is an equal probability that the coin will land on heads or tails, and each flip is independent, meaning that the previous flip does not impact the outcome of the next flip. As long as you stick with the same directional view each time, you would eventually, given an infinite amount of money, see the coin land on heads and regain all of your losses, plus $1. The strategy is based on the premise that only one trade is needed to turn your account around.
Stendard Account: If you only have $5,000 to trade, you would be bankrupt before you were even able to see the EUR/USD reach 1.255. The currency may eventually turn, but with the martingale strategy, there are many cases when you may not have enough money to keep you in the market long enough to see that end.
Leverage 1:500 With leverage 1:500 ( FxPro or other Broker) you may need a minimum $1000 deposit.
Download Martingale Ea below!
how much % can earn through this ea. how to get the robo you have dear
What should be the minimum balance to start with this EA for different account types?
Thanks for your kindness sharing to everyone right here! Wish u good luck and all the best in your tradings!!
To play this, you will need cents account rather than standard account.
I agree, this robot will run profitably on a CENT account.
Even with a minimum of 100 usd you can still get 10-30% return
on a daily basis. But you have to be careful when choosing a broker,
the robot is very sensitive to spreads.
To Zshibli, I have similar robot which i use on a daily basis,
My Advice would be 100 dollars for Cent account (that is 10,000 cents)
and 10,000 Dollars for standard account.
Leverage should be 1:500 or more and also make sure your broker offers tight spreads
otherwise if the spreads are high then it's a guarantee that you will lose your funds.
Here are some snapshots for my similar EA.
On average the EA makes 1000 to 3000 trades a day
and the return is 10% to 30% per day. This is on a 10k base account.
It is also advisable to withdraw 60% or 100% of the
profit in order to brake even. With proper settings,
this might take just a week.
I agree, thank you .I think using it with such Equity will only bear more risk.
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