The Martingale strategy in the Forex Trading
The Martingala is a very important Money Management method. Coming from gambling, it acquired a certain peculiarity over time. At the same time, it fueled a bitter controversy between detractors and admirers. There are those who consider it a toxic method, useful only for causing losses; there are those who consider it a method to be taken into consideration, with its own logical and statistical foundation.
But what is meant by Martingale? This approach consists in doubling – or in any case in a significant increase – of the exposure as the trades fail. In this way, when the trades take the right direction, the position will be so positive to pay off all previous losses.
In the abstract, from a mathematical and statistical point of view, it works. On the other hand, sooner or later all events are destined to occur, let alone a “very banal” trend reversal.
It is also true that the Martingale involves risks. For example, the positive event may come too late, with the account at zero. However, it is possible to remedy this by adopting sweetened variants, such as those that in any case provide a stop, a limit to exposure. This limit should correspond to the maximum sustainable loss.
How Ok Forex Martingale System works
Ok Forex Martingale System lets the traders set severals forex pairs or stock indices to analyze with different size for each pair, like shown in the screen below.
After setting and activating the symbols (it is possible to activate or deactivate the single symbol clicking on the smile icon) at a price level an alert will be sent in the MT4 and the trader can decide to insert the trade or not. The levels are based on the use of the Ok Forex Power Indicator and highlight levels statistically efficient to sell (resistances) or to buy (supports).
Furthermore, with the settings it is possible to choose if to receive this alert even if on the MT4 APP on our IOS or Android smartphone or via email using the MT4 email settings.
The orders will be sent without SL or TP and must be managed manually by the trader. For example, it is possible to close all trades when a profit is reached like in this statement. This is one of the several strategies that can be used to open and close trades.
NB: Even the trades sent manually will be considered by the dashboard.
How to install Ok Forex Martingale System
To install it is sufficient to copy the OK Forex – Martingale System.ex4 file in the Expert Advisor folder (to click in Metatrader 4 on File —> Open Data Folder —> MQL4 —> Experts). Drag and drop it on the chart and select the base settings and then in the inputs select the alerts settings.
Together with the .ex4 file will be provided a preset to load that automatically inserts all 28 pairs and sets a size of 0.01. All these data can be modified easily and quickly from the panel “Inversion pattern manager”.
How to download Ok Forex Martingale System
Ok Forex Martingale System is free for all traders that open an account with the broker partners of Ok Forex Markets at this link and make one trade with a real account.
After opening the account and making the first trade you can ask Ok Forex Power Indicator filling the form below.
This will let us activate the expert advisor and to link it to the account number of the first trade on the broker partner. The indicator will be active only on that account number and you can always use it for free.
Request Ok Forex Martingale System
Purchase the Ok Forex Martingale System with 299 € or open an account with one of our broker partners, make a trade and request the Ok Forex Martingale System for free.