Intraday martingale with futures

TTT said:
I have won 5 days in a row and I am surprised that it is so effective.
I have found the holy grail!
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I actually don't understand your idea but as far as holy grail is concerned, one needs to analyse who drives prices and how they behave in the market.
Besides, you need to monitor spot markets closely when you trade on futures markets.
Having said that, if you have been on a good run, that's good for you :)
 
Scataphagos said:
Rule #1 in trading.... PROTECT CAPITAL!
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Hello Scapathagos.
My opinion is that the martingale system if it only applies once can be beneficial if you know the market direction.
It is easy sometimes to enter and that the price turns against you.
It is easier to have more winning days.
Although if you fail you lose more.
That is also true.
That is why it should not be done with many contracts and should only be done once.
 
When you say Martingale do you mean doubling up your bet every consecutive loss? Or just scaling into trades as they go against you?
 
If the first entry fails, the second one doubles, but only do it once.
However, if there is no tendency, better not to use a martingale or not to operate directly.
 
TTT said:
martingale system? (only once, not all day)
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Limiting to once is not a martingale system. What you are doing is simply splitting your entry into two. It's called averaging/scaling into a trade. That is fine, works well when you are not as accurate with your entries but are better in the overall direction.
 
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