i want use martingale in my trading account its like your stake is entire of your deposit and only take a small profit, i dont like that concept lol
But theoretically this is winning strategy. If you properly manage your deposit then the odds can be on your side. I used combination of random-stake martingale on Hotforex with so called "unexpected exits) and it works fine for me. But then I started to gamble and lose all my deposit. Now I trade more wisely and don't break the rules.
yeah martingale can be profitable if you are not too greedy. seriously ! one of my friend use this strategy combined with technical trade and he can make consistent profit , around 5-10% a month. and he use a lil bit strange technique., he deposit 3 brokers account, Orbex, hot forex, and Tickmill for example but he martingale his deposit lol, for Example deposit 500, 1000 and 2000 $ crazy technique
Martingale with good deposit and low start has good survival rate on 2-5 moths period, smooth equity curve but then abrupt drop. Had several times boosting my 200$ to 600-700 on Hotforex with simple martingale and basic S/R support but two of them was a blowups. So its possible to earn with martingale but the end is unpredictable.
i remember when i was trade with martingale with low deposit . around $100 in my Broker, Tickmill.at first everyting is smooth , because i trade with counter martingale (Sell limit-buy limit ) order .even i succesfully doubled my account, with 1:500 leveage that my broker provide. i still have a lot of free margin if i traded with martingale. my fault. i did not WD my profit, i remembered that's time, EUR rise 400.0 pips in a night i burst my account.all of them from here i learned that, counter martingale is very very dangerous to apllied.
I think the only place for Martingale is demo account or at least no deposit bonuses for broker. I wouldn't waste my time with this vain strategy on live account as its too simple and obviously odds are against you, and the less is your deposit the shorter you will be alive before the crash.
Martingale is a good way to enlarge your balance in a short time however, it's every rishy and it's like gambling. I see many PAMM account at LMFX, Alpari have incredible profit but after a few weeks, it's out of top ten fast a blink.
W Why not to take a look at Hotforex PAMM which provides rescue level for some accounts as well as detailed statistics I haven't seen on any other brokers. There are some fresh promising PAMMs, so I study advanced math to build balanced portfolio with risks lower than expected returns. Here is the link https://v2pamm.hotforex.com/hf/en/index.html
I got a way to kill news don't use pending orders. use two different brokers with at least 1:1000 leverage. two different devices is required. 10 seconds before the news release 1 account you buy and the other account you sell. example 1 broker will have $100 which will buy 1 lot size or higher depending on spread of news event 2nd broker will also have $100 which will sell with 1 lot size or higher depending on spread of news event The one account will blow and the other account will recover and make more profit big time.