1 Minute Limited Martingale at Forex Factory PDF

Scalping channel - 1 minute limited martingale @ Forex Factory https://www.forexfactory.com/showthread.php?
p=8280868
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Scalping channel - 1 minute limited martingale

Page 1 joyider
theBlues
trigraphite
eurix
vitzaza
Xela
JohnnyR
aahmad29
Intrepidpips
wattaman
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First Post: Edited Jun 9, 2015 6:35am May 21, 2015 4:03am | Edited Jun 9, 2015 6:35am Quote Post #1
wattaman | Joined Nov 2013
Let me start by writing that this trading method is far from being perfect. That's why I share it here - to improve it
together. So don't use it on real accounts, only on demo (for now).
It brings nothing new and probably many of the experienced traders are already using it, more or less. I've just discovered
it and, since it is almost working for me, I decided to share it here. Like I said, hoping we'll improve it together.
OK, let's go to the point.
The main idea
...is that most of the times the price will move 100pips or points (they still confuse me) away from the current price in any
direction, and that 1 out of 3 times you flip the coin, you should win. Start with a demo account of 200$ and trade 0.01.
What you MUST do
1. Identify the trend on the higher frames (D1, H4, H1) - very important, we only trade the trend. Don't trade if you're
not 99% sure about the trend, just change the chart.
2. Be ready to close all trades, no matter if they're winning or losing - also very important.
3. Do not trade during/close to news time.
4. In the beginning, trade only on one chart and don't start multiple trades - it is scalping and it is difficult to monitor
multiple charts. Plus, it's all about timing.
What you need
1. For the trend to be identified, I am checking all the timeframes, starting with daily and going down. However, daily
and H4 are most important and they should point to the same direction. On my 4th screenshot you can see the
JJN-Infobar indicator in the upper left - I don't remember where I got it from, search it and use it if not sure about
the trend, it's a good indicator.
2. For the trades to be closed (all at once, ATTENTION) I am using an EA called ExitTrades. It displays a Close All
button on the upper-right corner of the chart - one click will close all trades.
3. Stochastic indicator (5,3,3) - useful to spot the right entry.
4. Signal-Channel indicator, don't remember where I got it from, but I use it with the Stochastic to entry or alone to
exit trades. I don't pay attention to the arrows.
5. I'm also using 89 EMA, to confirm the trades' entries/exits on M1 and the main trend on the higher timeframes. Price
higher from EMA89 to enter a buy and opposite for sell.
How to trade
You must identify the trend and enter - DEPENDING ON THE TREND - when the price hits the upper/lower level of the
Signal-Channel indicator; use the 89 EMA to confirm and/or the Stochastic.
Example: trend is down. Open a sell when the price hits the higher channel limit, the Stochastic is going/crossing down
from the 80 level and the price bounces down from the 89 MA or it is already below this. Opposite for opening a buy.
Check the screenshot.
Attached Image (click to enlarge)
1 of 11 5/9/19 4:48 PM
Scalping channel - 1 minute limited martingale @ Forex Factory https://www.forexfactory.com/showthread.php?p=8280868
Now we have 2 possibilities: either we win, the price hits the TP and the trade is closed, or not. If not, and the price goes
the opposite direction, wait until it will be some 100pips away from the (already) losing trade. Then open another trade
(double to 0.02), same TP 100 pips away and drag the TP of the first trade (0.01) on the second TP, so they'll close
together. Again, 2 possibilities: price goes in the desired direction and hits TP; at this point you make 0$, but at least you
don't lose anything. If the price goes in the other way, wait until it is again 100 pips away from the second trade and open
the 3rd trade, this one 0.04 (double the previous). Move all 3 TP 100 pips away from the third trade. This will be the last
trade, unless you want to risk betting martingale and you have enough money to bet. Otherwise, stop and be ready to
close all trades in loss. However, statistically speaking, there are chances that this trade win. But keep an eye on the Close
All button, just in case.
I'll upload some screenshots later, hopefully you'll understand them - I have only Paint to edit them, no professional image
editing software.
One more important thing: please don't stick with my 100pips trade distance - also check the Signals-Channel indicator.
Actually, I think this we must tweak: the exits (TP) and the trading lots.
Signals-Channel indicator -
Attached File
Signals-Channel.ex4 8 KB | 873 downloads
Exit Trades expert advisor -
Attached File
ExitTrades.ex4 5 KB | 645 downloads
UPDATE: no more 2 EMAs, only one EMA now (89). Check example here.
UPDATE: in a nutshell here
UPDATE: I'm opening a maximum of 5 trades now (if trend goes the other way), starting with 0.01 and ending with 0.16
(so the last trade should be approximately 400 pips away from the first). Also managed to attach my trade explorer, but
Pepperstone deletes demo accounts after 1 month so... that will be its age.
I don't always go to casinos. But when I do, I log into my forex account.
May 21, 2015 4:12am May 21, 2015 4:12am Quote Post #2
OK, so here're my morning trades (I just woke up). I have 2 successful trades (first 2, EurJpy and AudJpy) and the 3rd one
that I used this martingale and won it from the third bet (trade ). Screenshots are only for the 3rd complex trade.
2 of 11 5/9/19 4:48 PM
Notice how as soon as 1 trade opens, I double the lots the quick trade buttons to be ready for the reverse.
3 of 11 5/9/19 4:48 PM
Since this is the last try (trade), I closed the quick trade button. You can also see that I risked - the trend is not very
strong and on D, H4 and H1 it looks like it is going to change.
Again, all 3 trades will stop at same point, the TP line on the chart; so the first one will lose a few pips, but the increased
bet from the third trade (0.04) will assure the profit. Actually, the first and the second will almost null each other (check
tje results below).
And here is the result so far. Now I'm going to have my breakfast, it's 11 pasted already.
4 of 11 5/9/19 4:48 PM
Hi wattaman
I Like the basic idea of this strategy and it is very similar to a system that I have developed and used to trade a few years
ago.
First points is the smallest move a forex pair can take so for EURUSD you have 10 points on one pip!
My advise to you and what I did. Was that i did a few less trades but the once I took was also based around M5/M10
support/resistance levels.
Quoting joyider
Hi wattaman I Like the basic idea of this strategy and it is very similar to a system that I have developed and used to
trade a few years ago. First points is the smallest move a forex pair can take so for EURUSD you have 10 points on one
pip! My advise to you and what I did. Was that i did a few less trades but the once I took was also based around M5/M10
support/resistance levels.
Thanks for the clarification and the advice.

Of course, it will be much better to take the support/resistance lines into consideration ... or anything else that can help.
I, personally, don't like to draw them lines 'cause my chart is to crowded already, but I do use to check, before entering an
M1 trade, almost all the other timeframes, especially M15, H4 and D. Except for when I get carried away and the greed
makes me forget things lol
May 21, 2015 12:55pm May 21, 2015 12:55pm Quote Post #5
Question for you Wattaman.
5 of 11 5/9/19 4:48 PM
How are your red and green arrows created? Do they repaint?
I've watched it for a bit and been able to see that the arrows form before a fractal. Which is good.
Wattaman,
This is what I have been able to put together just from examining your indicator.
Pretty. Still testing, but I thought I would share with you.
Quoting trigraphite
Wattaman, This is what I have been able to put together just from examining your indicator. Pretty. Still testing, but I
thought I would share with you. {image}
What rules are you following to take trades? I ask this because the indicator is repainting
6 of 11 5/9/19 4:48 PM
Quoting wattaman
together. So don't use it on real accounts, only on demo (for now). It brings nothing new and probably many of the
experienced traders are already using it, more or less. I've just discovered it and, since it is almost working for me, I
decided to share it here. Like I said, hoping we'll improve it together. OK, let's go to the point. The main idea ...is that
most of the times the price will move 100pips or points (they still confuse...
You said that follow the trend but this method is taking positions against the trends and then you are trying to recover by
adding lots. It does not work and especially for EU pair; this method is not recommended from me.
Yes this method can be profit able if you choose the pair which is mostly ranging.
Love for all; Hatred for none.
It's pretty much the same idea or concept that was initially presented.
The only difference is I am looking at a blend of small time frames 1M, 5M, and 15M and trading with the trend vs against
the overall trend.
I am still in the process of chalking up the exact rules, but again so far so good.
I will continue with the updates.
7 of 11 5/9/19 4:48 PM
Hi guys, thanks for your interest.

About the indicator: I don't know much about it or the arrows, sorry. For me it is useful only because it draws the channel
between the previous highs/lows, so it might help entering/exiting a trade. So I just ignore those arrows.
Aahmad29, you're partially right. I don't go against the main trend - that would be wrong, unless I'm 100% sure of a trend
reversal (which is never, practically). But on M1, when the price goes the opposite from the main trend and hits a channel
limit, it could be the time to open a trade, even if it is opposite. Check the explanation below.
I also gave up on EMAs and I'm using only the 89 EMA. I'll edit the main thread soon.
Example: on H4, the price is below EMA89 and the trend preparing to go down. I should wait a little to make sure, but ...
anyway it's a demo account, so... I check the H1 chart and it looks like a big round top - probably will go down. On M15
the MACD crossed down the 0 line - again, seems to go down from now. Finally, on the M1 - where I trade - I wait for the
price to hit the upper level and to bounce from the 89 EMA or to be below 89 EMA and the Stochastic to cross down from
as high as possible (above level 80, ideally). In the pic below there is a perfect entry that I missed where all the 3 signals
match: Stoch, EMA89 and channel's high. To enter a trade try to have at least 2 signals.
If you find a better way to close all trades, or a more customization button, it would be great. Yesterday I was trying to
zoom the chart and I clicked the Close All button - it closed all trades
Hallo wattaman
the first attachment is a Indi. It shows the BE - Point at several positions. this helps a lot to find a TP-Point
the second is a script, to close all open and pending orders on eyery chart, so attention. if you drag and drop it to any
chart it will close everything on all pairs you have a order on.
8 of 11 5/9/19 4:48 PM
maybe you can use them.
sorry for my english
Attached Files
NB i-Breakeven.ex4 18 KB | 195 downloads

NB i-Breakeven.mq4 4 KB | 251 downloads
Close all open and pending orders.ex4 5 KB | 186 downloads
Close all open and pending orders.mq4 1 KB | 212 downloads
@wattaman
if you want to show your result please create trade explore and make status.
what ever it takes
Quoting aahmad29
{quote} You said that follow the trend but this method is taking positions against the trends and then you are trying to
recover by adding lots. It does not work
Exactly so.
Quoting wattaman
it is almost working for me
The Titanic "almost" made it across the Atlantic.
Quoting wattaman
1 out of 3 times you flip the coin, you should win.
If that's so, then with a 33% success-rate, it's inevitable that you'll eventually have 25 consecutive losing trades. And
more frequently than that you'll also have "losing patches" during which you win only about 10% of winners over a period
of 100 trades. That's not in itself unviable or untradable, but it inevitably becomes a disaster, at some point, when you
combine it with adding to losing positions.
There is no time that it's correct or sensible to increase your risk-exposure (stake) during a losing run, or to allow the
risk-exposure of an individual trade to be determined by the outcome of the previous trade(s). It's neither logical, nor
reasonable.
Either your trading strategy has a proven edge over the market, or it doesn't.
It if doesn't, you should not be trading it at all, and will not be able safely to "make it profitable" by varying your
risk-exposure.
If it does, then you should trade as much as you can, to exert your edge over the market, but it still makes no sense at all
to allow the risk-exposure of an individual trade to be determined by the outcome of the previous trade(s). You don't need
to do that, as the fund will gradually grow anyway and you can safely increase the stakes as it does, by exposing to risk a
constant percentage of your available funds for each trade.
This is absolutely fundamental to successful trading, to the extent that people who don't yet appreciate it should not be
trading with real money, and even less advising others to do so on the basis of a fundamentally flawed approach.
9 of 11 5/9/19 4:48 PM
Quoting theBlues
{quote} What rules are you following to take trades? I ask this because the indicator is repainting
I loaded the indy on my charts and it seemed like the Holy Grail only for me to see that it repaints. Horrible
Let it turn and find your entry.
Quoting wattaman
together. So don't use it on real accounts, only on demo (for now). It brings nothing new and probably many of the
experienced traders are already using it, more or less. I've just discovered it and, since it is almost working for me, I
decided to share it here. Like I said, hoping we'll improve it together. OK, let's go to the point. The main idea ...is that
most of the times the price will move 100pips or points (they still confuse...
I am not here just for criticism, I gave you one advice but I think you did not read it. I repeat again.
Do your testing on two pairs. One is ranging and one is trending pair and then see which is most profitable for your
system. Attach to trade explorer.
Love for all; Hatred for none.
@wattaman,
I tend to trade in a similar fashion, and it can be satisfying to beat the manipulators this way. I view any auction market as
manipulated, so any system I've seen (that I can use within my limitations) is subject to being whacked. So I accept that
my best analysis can be vulnerable to a stop run and stopped out, only to see the market take off in my direction.
I'm hoping to see something in your system to bring discipline to that pattern, and I think you are on the right track with
your methods. I'll be following you ( and your critics) hoping to learn something!
Thanks for sharing your thoughts!
Quoting eurix
Hallo wattaman the first attachment is a Indi. It shows the BE - Point at several positions. this helps a lot to find a
TP-Point the second is a script, to close all open and pending orders on eyery chart, so attention. if you drag and drop it
to any chart it will close everything on all pairs you have a order on. maybe you can use them. sorry for my english
{file} {file} {file} {file}
Thanks, I'll give the script a try. I've tried others before and they failed to close all trades.
Quoting aahmad29
{quote} I am not here just for criticism, I gave you one advice but I think you did not read it. I repeat again. Do your
testing on two pairs. One is ranging and one is trending pair and then see which is most profitable for your system.
Attach to trade explorer.
I did answer you, but didn't quote you - maybe that's why you didn't notice. I felt like you didn't read the 'how to' and that
made me almost ignore you. Like Xela, for example, didn't get it and all he/she got is "going against the trend" and the
fact that the 'method is almost working'.
My apologies if I mislead you to believe that I'm offering you something here, Xela. As I wrote in the beginning "this
trading method is far from being perfect. That's why I share it here - to improve it together." It is not for real
10 of 11 5/9/19 4:48 PM
accounts, not yet at least. So it is probably the opposite of what you think. It is me trying to get something from you, not
the other way
So if you want to try it and share your experience/analysis of this trade here, I will be grateful and try to answer you and
maybe we can make it work better. Understand it, give it a try and let's start the discussion from there.
OK. Here's a pic I made with my limited image editing knowledge. It shows the 'against the trend' misunderstanding. My
apologies, maybe my English is not good enough to explain forex trades
So IF the big trend (check the higher timeframes) is going down, you CAN enter sell when the price forms a high on the M1
chart. I hope this is easier to understand.
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Scalping channel - 1 minute limited martingale

What you need

Attached Image (click to enlarge)

Signals-Channel.ex4 8 KB | 873 downloads

Exit Trades expert advisor -

ExitTrades.ex4 5 KB | 645 downloads

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Thanks for the clarification and the advice.

Question for you Wattaman.

Pretty. Still testing, but I thought I would share with you.

Attached Image (click to enlarge)

Love for all; Hatred for none.

I will continue with the updates.

Attached Image (click to enlarge)

Hi guys, thanks for your interest.

Attached Image (click to enlarge)

maybe you can use them.

sorry for my english

NB i-Breakeven.ex4 18 KB | 195 downloads

what ever it takes

The Titanic "almost" made it across the Atlantic.

Let it turn and find your entry.

Love for all; Hatred for none.

Thanks for sharing your thoughts!

Attached Image (click to enlarge)

0 traders viewing now

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