Just a gentle note to all new traders who may be looking at this thread for their own research.
Please do not listen to MEFXBK, or attempt this strategy with real money. Please by all means DO attempt it with a demo account, and then come back to show fellow New Traders what it looks like!
Martingale is dangerous for all but the very largest bank balances. You cannot simply turn $1,000 into $1m in 20 trades. Think about it, if making a million dollars was REALLY that simple, why would this forum be filled with thousands of people trying to even just make 20% a year.
Be vigilant, and always apply the most logical of common senses to all 'ideas' and 'strategies'. If it's too good to be true, then it unfortunately is.
Money doesn’t do much when it’s standing still. It’s when it’s moving around that it really works - Terry Pratchett