Originally Posted by mikejody

Hi Silem,

This is not a "simple martingale only", rather, it is a "hedged martingale" which of course is a huge difference. With a simple martingale only you have no protection with a runaway market. With a hedged martingale you take profit every so often (27 pips in this case) so that you are much farther away from a margin call, and your account balance rises as you await the turnaround in the market.

This difference is important. I have traded several "simple martingale only" strategies, such as 10points3 EA, and they make me very nervous as there is no hedging, no protection available.

A 200 pip move with no retracement in those "simple martingale only" strategies can ruin an account. With this EA, we have taken profit 7.5 times during that same 200 pip move. Obviously this lets us sustain much more of a move as we await the market to turn in our favor for a few pips.

I hope this clarification is clear. It makes all the difference for me.