Thanks for your correction, but I don't understand what do you mean with double the positions?
Thanks for your correction, but I do not understand what you mean with double the positions?
The martingale system doubles or multiplies the previous positions by 2
Let's consider 10 pips for second entry with target also 10 pips
You enter with 0.01 lot with target of 10 pips
If it is against your position you fold the position with 0.02 lot
If it is again against your position you enter with 0.04 lot
If it is again against your position you enter with 0.08 lot
When you go back up 10 pips close all positions with profit of 10 pips
The problem with the martingale is that if it does not happen the reversal of the move arrives an hour you will not have more margin and will break the account
I am the martingale favor in just a few cases however with a very well defined stop if your profit does not happen
The martingale uses doubling ie it is always multiplied by 2 the initial positions
1 2 4 8 16 32 64 128 etc.
Since the gradual increase of lots is much better because it gradually increases and this reduces the distance of the first entry over time, and is less aggressive than the martingale
For example if your initial lot is 0.10 with a factor of 1.5 your second lot will be 0.15 then it will be 22.5 etc.
The leverage of 1.5 I consider very high, I like to use 1.20
But this system uses hedge so the factor of 1.5 is not being high.
The fact that hedge use is likely to reduce the risk
In this case I consider 1.5 a very good factor
I hope I explained in a simple way