In my experimentation to add some sort of hedging to trades, I stumbled on the Martingale roulette betting strategy. If it works in the casino, why not here?
The principle is simple: If you lose a trade, immediately go the opposite direction and double your bet.
In this case, we're just applying a multiplier.
The strategy is a simple EMA crossover - defaulted to my favorite periods 8 and 62.
Enjoy :) I'll make a new one that's contained in a function, so you can simply implement it in your own strategy and have it monitor winning/losing trades automatically.
Would be nice to adapt the betting sequence for a 33% probability same as the dozens/columns for roulette the betting sequence goes like this 1,1,2,3,4,6,9,12 etc etc its a lot more forgiving then double and if used with 35%+ profitable strategy could be interesting
digitalcapital
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I couldn't get those results, not even get close to him. Help !
chrysopoetics
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Hahahaha, holy cow. When you said "hilarious" I didn't think you meant laugh-all-the-way-to-the-bank hilarious.
Excellent work as usual. There's a lot that can be learned from this script.
DasanC
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@chrysopoetics, IT's so bad please don't ever use this ahah. Martingale is notorious for making people bankrupt
chrysopoetics
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@DasanC, hahaha of course, I meant your handy use of strategy scripts in general. Most find it difficult to compose strategy scripts in general and I think you're an asset in that regard.
omertikici
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Can you limit the number of losing transactions to 4 or make the number changeable?
zhengtszy
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I would like to ask for doubling in the same direction, how can this be implemented?