Super Scalper with Martingale Strategy For MT4
Table Of Contents:
- Super Scalper with Martingale Strategy For MT4
- Super Scalper with Martingale Strategy For MT4 – Long positions
- Super Scalper with Martingale Strategy For MT4 – Short positions
- Is the Super Scalper with Martingale Strategy For MT4 profitable?
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The Super Scalper with Martingale Strategy For MT4 is a regular moving average based trend following trading strategy. Perhaps the only difference between this trading system and other moving average based trading systems is the fact that it makes use of the martingale strategy.
This makes the Super scalper with martingale strategy quite similar to most other trend following trading systems. The difference is in the way the positions are taken while trading with this strategy. The martingale trading system is a strategy that involves traders to double the trade size every time they face a losing trade. In doing so, the martingale system tries to bring about a trade outcome with 50% probability and by doubling down, traders are able to make profits when they are correct about the markets. In some ways, the martingale strategy is also called as the zero expectation scenario.
One of the biggest risks of trading with the martingale strategy is that all it takes is a losing streak and within a couple of such trades, as you double down on them, you would end up losing the entire capital. As a result, if you want to be successful in trading with this regular moving average based trading system the least you would expect is to have the trading strategy be robust.
Unfortunately, given the way this trading system is constructed it is nothing unique. In fact, there are many other trading strategies which focus on the trends and these involve a much better combination of indicators that are used. Therefore, the Super scalper with martingale strategy is certainly not one of the trading systems to apply the martingale based method of trading.
in this trading system, we have only three moving averages. These three moving averages follow the regular patterns of a long term moving average and two short term moving averages. The moving average settings are somewhat different from the traditional or the conventional settings that one is accustomed to. Yet, despite this, the Super scalper with martingale strategy fails to provide any real edge in the markets.
As you will observe in the charts, there are no oscillators that are used in this trading system. As a result, you only have the moving averages to go by. This means that traders will have to be extremely careful when trading with this strategy and have a good understanding of how trend are formed and how prices tend to move within the trends.
The Super scalper with martingale strategy does not make use of any additional indicators and because it is a trend following system, traders can apply the template to any chart time frame of their choice. However, bear in mind that the higher the chart time frame is, the longer your holding period for the trade will be. Therefore, depending on your style of trading, you should know whether this is a trading system that complements your style of trading or not.
Let's now take a look at how you can trade long and short positions using Super scalper with martingale strategy for MT4.
Super Scalper with Martingale Strategy For MT4 – Long positions
To take long positions using the Super scalper with martingale strategy, we should look for an uptrend to be forming in the markets. This is visualized as you see the two short term moving averages crossing over each other and finally above the main moving average line. One of the moving averages changes color from yellow to blue.
After the signal, you should then wait for price to make a retracement or a move back lower. Here you will see that price action will make a higher low. Following this, you should set up a pending long order near the recent swing high that has formed. Now calculate your risk to reward ratio and set your take profit levels accordingly. Due to the fact that this trading system follows the martingale method of trading, we recommend that you set up the initial position with a fixed risk to reward ratio and let the second position write out the trend.
Once your first position closes in profit, you should quickly move your second position to break even and a bit higher in order to remove further risk from the tables. This will ensure that when you double down an after you hit a losing trade, you would be able to capitalize on the trends and be able to come back into the market.
Super Scalper with Martingale Strategy For MT4 – Short positions
To take short positions using the Super scalper with martingale strategy, we should look for a downtrend to be forming in the markets. This is visualized as you see the two short term moving averages crossing over each other and finally below the main moving average line. One of the moving averages changes color from blue to yellow.
After the signal, you should then wait for price to make a retracement or a move back higher. Here you will see that price action will make a lower high. Following this, you should set up a pending short order near the recent swing low that has formed. Now calculate your risk to reward ratio and set your take profit levels accordingly. Due to the fact that this trading system follows the martingale method of trading, we recommend that you set up the initial position with a fixed risk to reward ratio and let the second position write out the trend.
Once your first position closes in profit, you should quickly move your second position to break even and a bit higher in order to remove further risk from the tables. This will ensure that when you double down an after you hit a losing trade, you would be able to capitalize on the trends and be able to come back into the market.
Is the Super Scalper with Martingale Strategy For MT4 profitable?
The Super scalper with martingale strategy Just another regular trend following trading system. As with any trend following strategies, there are huge risks involved when the market settles into a sideways range.
Given the fact that this trading system makes use of the martingale method, we do not recommend this trading strategy to either beginners or even professionals. The lack of proper indicators in this trading system is highly disappointing and this is certainly one of those trading strategies where you are certainly bound to lose money.
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