Hello,
after viewed many nervousity around trading or not trading with martingale, i will show how it work or not work for me. For this i post my results.
I do not go deeper in the method i use, you can stick good methods from this forum, because are many avaible. Also it is not the point and i will keep the journal focused to the key, the money management in use.
I will try to reaching with this account:
Money i start with: 68,13 Euro
First Step: double Account - to have better round number, i will take 70 Euro after reaching 140 Euro (take back what are invested)
Second Step: after again reaching 50% Profit, i take 30 Euro away from account and let 5 Euro in account (105 Euro - 30 Euro = 75 Euro new start balance)
I will do this three times and the last start balance is 85 Euro, after reaching also 105 Euro i cut all profits down and start again with 70 euro
Third Step: After having three times secured my startbalance (210 Euro), i will increase start balance to 80 Euro after first and second point are reached
Here from mt4 the graph showing how today was going:
Start: 68,13 Euro
End: 72,83 Euro
Profit to initial Account size: 6,9 %
after viewed many nervousity around trading or not trading with martingale, i will show how it work or not work for me. For this i post my results.
I do not go deeper in the method i use, you can stick good methods from this forum, because are many avaible. Also it is not the point and i will keep the journal focused to the key, the money management in use.
I will try to reaching with this account:
Money i start with: 68,13 Euro
First Step: double Account - to have better round number, i will take 70 Euro after reaching 140 Euro (take back what are invested)
Second Step: after again reaching 50% Profit, i take 30 Euro away from account and let 5 Euro in account (105 Euro - 30 Euro = 75 Euro new start balance)
I will do this three times and the last start balance is 85 Euro, after reaching also 105 Euro i cut all profits down and start again with 70 euro
Third Step: After having three times secured my startbalance (210 Euro), i will increase start balance to 80 Euro after first and second point are reached
Here from mt4 the graph showing how today was going:
Start: 68,13 Euro
End: 72,83 Euro
Profit to initial Account size: 6,9 %
Market is more simple as you think.