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Originally Posted by wolfe
el cid,
Martingale systems always look good on paper, they eventually blow out your account. I studied them for quite some time, made some EA's to test them, was very excited about them. Bottom line is you need a HUGE account to sustain them. If I had enough money to sustain this type of system, I wouldn't risk it on forex.  |
One does not really need a huge account..............with mini lots and smaller positionsizing available ,one could easily spread $10,000 over 8 currency pairs .....run an a p i and make $35,000 per annum
Most mechanical breakout systems on fx blow accounts anyway,so this one has greater probabilities of success
Most martingale system are countertrend................this one is really a trend following anti martingale
Regards El Cid