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Originally Posted by forex_for_life
...... I continue to see is these failing E.A.'s using this money mis-management strategy. Then we wonder why 90% of traders fail. You would think by now, the masses would start to catch on to this......
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But, you did requested v12 to test it out. You know there is a way to win. Why turn around and said it was a catch? I'm a very successful MartingalER. I'm not betting on the market, but I know when to bail. The reason why people fail with martingale EA simply they dont wanto pull the plug even they know there is no chance to retrace. They just hope and pray the market will retrace a little bit and close with tiny little profit. Now this is the catch. Your second statement replied your 1st statement. The only closest holy grail is "YOU"... person who use the strategy to win the game. I can guarantee there is no holy grail. All about is greed and fear. I have to agree with you under some point. And I'm sure position trading rulez in the long run. For the moment, I'll stay out and observe if you dont mind. I've been focusing on martingale too much these days, cant get much clue on your system. Besides, I know nuts about CCI. So, let me just get more idea before I start to jump in your development. Thanks for sharing anyway. I wish you all the best and I will follow your thread tight. Cheers
Regards
David