I've been reading here the last few days and have read several of the long threads on some of the better known EA's that use Martingale type of MM. Such as 10pts3 and all it's descendants, Firebird, etc. It seems like most of these threads seem to have died off when people gave up on them due to huge drawdowns and/or account busting.

Here's my take on this . Correct me if I'm wrong.

So what if it busts an account? Firebird for example has been criticized as having 3-4 times a year that it will wipe out an account. The only danger here is if you just leave it going and compounding in the account. My strategy would be to take profits (or at least a healthy portion thereof) out regularly, perhaps even weekly. So when you reach one of those times where it busts the account, so what? You've already taken out profits to equal your initial capital plus a huge return.

Thoughts?