shillllihs
6,046 posts
msg #146715
- Ignore shillllihs |
2/24/2019 2:17:31 PM
I've been making so much using martingale and reverse martingale with sports so I thought my system would work great with stocks but it wasn't so clear cut until I started thinking out side the box. So I decided it would be a great fit for binary options. In my search I found this video and I have to say this might be the holy grail.
https://m.youtube.com/watch?v=2galSxXgKPQ
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shillllihs
6,046 posts
msg #146732
- Ignore shillllihs |
2/26/2019 3:21:17 PM
I won't keep updating on this often but wow, it's like free money.
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jimvin
173 posts
msg #146737
- Ignore jimvin |
2/26/2019 9:36:58 PM
While the video is informative, and the presenter enthusiastic, a bit of background helps to set the context for his presentation....
Credit to Credit to Investopedia : https://www.youtube.com/watch?v=2galSxXgKPQ&app=desktop
"What is the Martingale System
The Martingale system is a system of investing in which the dollar value of investments continually increases after losses, or the position size increases with a lowering portfolio size. The Martingale system was introduced by French mathematician Paul Pierre Levy in the 18th century.
BREAKING DOWN Martingale System
The Martingale system is a very risky method of investing. The main idea behind the Martingale system is that statistically, you cannot lose all the time, and therefore, you should increase the amount allocated in investments — even if they are declining in value — in anticipation of a future increase. The Martingale system is commonly compared to betting in a casino. When a gambler using this method loses, he or she doubles the bet. By repeatedly doubling the bet when he or she loses, the gambler, in theory, will eventually even out with a win. This assumes the gambler has an unlimited supply of money to bet with, or at least enough money to make it to the winning payoff.
Basic Example of the Martingale System
To understand the basics behind the strategy, let's look at a basic example. Suppose you have a coin and engage 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 (the prior flip does not impact the outcome of the next flip). As long as you stick with the same call of either heads or tails, you would eventually, given an infinite amount of money, see the coin land on heads (or tails), if that's your call, and thus recoup all of your losses, plus $1. The strategy is based on the premise that only one trade is needed to turn your fortunes around."
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shillllihs
6,046 posts
msg #146739
- Ignore shillllihs
modified |
2/26/2019 10:39:03 PM
It may not be for all but it works for me with sports betting so I find this very intriguing.
I wish someone could run some numbers on how many candles in a row there are above the upper BB.
on 5min. time frame before going red. I think it's something like 5 max but I'm not sure.
There are some merits to the system in my opinion which are,
1. Unlike using margin or shorting regular stocks, your losses are contained. You can experiment with the system, let's say you're playing to make $400 bucks a day or 100k a year( l would play much higher but that's me), You risk 25k and walk away if you blow it.
In the process, you'll most likely have several wins offsetting your potential big loss.
2. You only play when price is over upper BB. and to add a safety net, you only play on the 2nd. or 3rd. misdirection.
3. You don't necessarily have to martingale, you can also trade equal units.
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SFMc01
358 posts
msg #146750
- Ignore SFMc01 |
2/27/2019 10:32:25 PM
A few years ago I watched Hubert Senters trade a variation of this in his trading room. He did very well with it ... until he didn't. I have actally watched him lose several hundrd thousand dollars more than once,. I believe his error was that he never walked away from the trade when losing until it was too late. I also suspect his win loss ratio was fantastic, but, his profit factor was low, It seemed to me that, overall, he was probably making more from his seminars than from his trading.
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shillllihs
6,046 posts
msg #146755
- Ignore shillllihs
modified |
2/28/2019 2:25:29 PM
The first step would be for someone to do a study as to what the max green bars on different time frames there can be above upper bb. Then the strategy would be to only enter after a certain amount of fails, not the first fail but maybe the 3rd or 4th. The other issue is will there be enough setups to make it worth the effort.
Furthermore, it doesn't have to be a martingale, it could be an altered martingale or just buy equal units and try to hit at least 65% or so. i believe some of you guys who play around with statistics can figure this out. I think the most green bars above upper bb. I've counted was 6 or 7 and that's very rare. Not sure if a replicated directional system can be made in the regular stock market as I would prefer to trade that way. It suits me better.
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shillllihs
6,046 posts
msg #147027
- Ignore shillllihs |
3/20/2019 3:45:05 PM
This guy had 99 views for a year then THE SHILLS promotes his video and my following push him up 250 views. I love my sheeple!
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