Expert Martingale | Martingale Panel | MARTINGALE PANEL

Product panel description Martingale (Martingale expert)

Familiarization with Martingale

Dear companions of the Rice Group website, we are here with you to introduce our own Martingale tool or expert in simple language. For this purpose, we first need to answer questions such as: What is Martingale, what does Martingale mean, the meaning of the word Martingale, the concept of Martingale, and the definition of Martingale to you, and acquaint you more with this concept. Stay with us.

What is Martingale? The meaning of the word Martingale and the definition of the Martingale concept in Forex.

Martingale is actually a very old betting method that entered the field of capital markets and commerce, where it underwent changes, expansion, and development. This method was originally used by professionals in various betting scenarios who were usually looking for a reliable way with very low risk that would guarantee them profit.

Where does the theory or method of martingale come from?

The Martingale theory, a trading method or strategy, was initially popularized among gamblers and professional bettors by a French mathematician named Paul Pierre Levy. Later on, an American named Joseph Doob further developed and better introduced this method.

How does the Martingale system work?

The Martingale method is actually an investment or betting strategy based on the theory of engaging more capital after an initial loss and waiting to compensate for the loss in the future. An investor using this method should double the volume of their investment in the deal in case of facing a loss.

Martingale strategy in Forex (Martingale steps or Martingale calculation formula)

Step 1: Imagine entering a position with a lot size (Lot) and setting a profit target of 10 pips and a stop loss of 10 pips.

Step 2: At this point, if the market moves against your expectations and you incur a 10-pip loss, you should start a new position in the same direction using the Martingale method, but with double the lot size, which is 2 lots. Maintain the same profit target and stop loss of 10 pips.

Step 3: Now, you need to wait and see the outcome of this trade. If this position ends in a profit, you have not only covered the loss from the previous trade but also gained a profit of the same amount! However, if this doesn’t happen, you should once again follow the Martingale method and take a position with double the lot size of the recent trade, with the same 10-pip profit target and stop loss.

Note that with this approach, as you progress through the steps, the capital involved in the trades increases incrementally, and the profit and loss values also increase accordingly.

To view the Martingale product expert tutorial, click the button below.

Teaching a product

Martingale Expert