WOW if you are true believer , or if you read all the post in the past as i did, no one start any EA with 10 k or 100k every one get caution start with 50 or 100 quid, forex is for who is patient , make big profit with small amount of money and increase with time to time , so far i love this EAs , you can put or adjust in 100x strategy's but do not blame MR Tanaka to blow up your account on the martingale system .
so far only one clever girl ( SARAH ) making money with this strategy i believe she using long term time frame and progressing and reset the chart every week.
again Martingale is a short term strategy for who do not have knowledge on forex or for who got big pockets, ive seen all kind of account blow up with this on real money from 100 to 85k
Why all martingale systems fail? Because in reality gamblers and traders don’t possess infinite funds. A losing streak of 10 rounds will require a bet of 1,024 initial bets (e.g. $10,240 if your initial bet was $10) to recover from losses, 20 rounds long losing streak will require 1,048,576 initial bets and so on. Your next bet after a losing round should be B × (2 in a power of N), where B is the initial bet, N is the number of round. Another problem is that the chances are usually not equal for gamblers and traders — martingale system can’t be profitable with a chance to win less than 0.5. In roulette red or black has only 18/37 chance to win (because of zero), in Forex trading there is a broker’s spread, which shifts the chances against the trader.
I do prefer work with a indicator does repaint then working with a martingale strategy
MR Tanaka continue creating this amazing EAS but always put the choice for MArti ( on /off )
Just to calrify for big pockets on my point ( newbie )