For anyone considering using the Martingale system of trading, there has been a classic reason of why you should not use it, in the FPA's Performance Testing of EAs!
An EA called Short-Seller started just a couple of weeks ago, with a $5,000.00 account!
It as the name suggests, only did short trades using the Martingale system of trading!
Within THREE DAYS it had $27 equity left in the account!
I see the results of the test have now been removed from view.
An EA called Short-Seller started just a couple of weeks ago, with a $5,000.00 account!
It as the name suggests, only did short trades using the Martingale system of trading!
Within THREE DAYS it had $27 equity left in the account!
I see the results of the test have now been removed from view.
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