Forex Trading - Martingale Like a Marketmaker
Uploader Comments (BKTraderFx)
All Comments (7)
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that's not really martingale, that's just averaging down....
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but keep in mind that MM's also have level two data :/
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COOL!Thanks for awesome video!
But I prefer 100% free forex robots.
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Hi Boris, ok thanks alot. I was wondering do you have any good advise on how you can get funding to become a money manager etc many thanks in advance mark.
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you can apply this modified Martindale strategy intra-day but only trade in the direction of the intermediate trend. That improves probability because the trend is your friend and will eventually recover your short term losses so in that regard you don't need stops. Also, you can use technical indicators to help assist in subsequent entry points and finally instead of doubling as Martindale calls for, simply keep your trade amounts consistent.
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Hi Boris, I would suggest using the 1hr and/or 4hr time frames to help time your trades rather than the 5 min. The longer time frames will help you time your entries and find the turning points in the market. Especially, with this strategy.
hi boris, how did your results go ? many thanks mark.
pipsondemand 2 years ago
Mark I haven't traded this set up in a while because I very busy trading my 00 levels
BKTraderFx 2 years ago
That's a good idea but this is designed for short term intra-day traders
BKTraderFx 2 years ago