See an Automated Martingale EA do over 8000 profitable trades- but beware!
Okay, you’ve been warned about Martingale, so here’s how it works. You see this huge draw down over here. This is about 9000 dollars and here comes the second one. So far, we have made 2,482 trades and we have made a big profit. Martingale seems to work like crazy and we are only in April now.
Now, we have made over 3150 trades and we are still winning. 3425 trades – all profitable. As humans, we are already convinced, and this is the last trade we made. We have a lot size of 81.92 lots, and we lost 8192 dollars. And we have 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 losses in a row. And we have lost over 12000 dollars. This is 8213 trades later.
As I told you, you might not believe that you will lose, but there will be a point when you will have up to 21 losses in a row that will absolutely ruin your Martingale system.