Quote:
Originally Posted by elricogrande
Yes, absolutely, martingale can work if done properly. The main reason is that currencies do not trend to infinity, but are cyclical in nature, so if it's done in the long term and risk is managed properly, there is NO reason why it would not work. Having said that, however, such a system has to be diluted to the point where it is not clear whether its remaining "martingaleness" provides any advantage or not.
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Currencies don't trend to infinity, all they have to do is to trend for a sufficiently long time to wipe your account, just once. The "danger" in 10point3 is it sets the opening criteria to a single factor, ie 30 or whatever Pips is set to, even when the trending is strong and in the wrong direction.
As an aside, I wonder if anyone has experimented with automating for criteria for setting the ReverseSignal flag (which looks only like a manually settable variable)?