Martingale system in Forex

[StefanoC]

Do you think my forex manager uses a martingale strategy by the looks of it?

Yes, it looks like a Martingale/d'Alembert to me..

 

[FX AVATAR]

Not Martingale but Fibonacci progression is a good idea if you have a good strategy which wins more than 70% of the time. I do it all the time, also on Baccarat game.
Fibonacci progression: 1 - 2 - 3 - 5 - 8 - 13 - 21 - 34 - 55 - 89. If you win 2 times in 3 trades go to 1. When you lose a trade go one up. When you win a trade go 2 steps down until you are at 1. Trade mini accounts (0.1), not standard, that you have some equity cushion.
E.g. 1 (0.1) - 2 (0.2) - 3 (0.3) - 5 (0.5) - 8 (0.8) and so on...
Cheers fx avatar (general Patton, ha, ha, ha...)

 

[FX AVATAR]

Yes, I apply it to gambling and Forex trading. I have also EA which apply that progression when losing trades. Mostly on second or third trade catch in profit.
Fibonacci progression has faster recoveries but D' Alembert is also good steady progression with slower recoveries.
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