I have got a got special martingale money management strategy, I call it SENSIBLE MARTINGALE, that needs a system / Expert advisor.
The money management is:
If on losing trades, the next trade size is ‘added’ (aggressive mode = 0.01 - 0.02 - 0.03) rather than multiplied, it can sustain up to 20 consecutive losses. But it can even sustain up to 50 losses if it is bit conservative.
It should have a system / expert advisor with following characteristics.
have only one trade open at a time
have TP 10 times more than SL (e.g. SL 10 pips with TP 100 pips)
have minimum number of consecutive losing trades: set of 10 losing trades is ideal (Every trades from 1 till 10 lost with 10 pips each, and Trade 11 won with 100 pips), 20 is good, 30 is acceptable, 40 is limit. After each set, only 1 profit trade is fine
trade as frequently as possible.
I don’t know if any EA with those characteristics exists or not. If there is any, I request to share with me.