'Those are not good charts at this time. One is locked out as private and the other one showed DD.'
Sorry professor, wrong link, here are the right ones.
Phoenix Program Testing Accounthttps://www.myfxbook.com/members/ForexAssistant/mt4-6040547/570955https://www.myfxbook.com/members/ForexAssistant/phoenix/570955
To down load the programs so you can run them yourself, you have to go to TheSafeInvestor.com and follow the directions to request the program be sent to you. It's free to run on a demo, help yourself.
The martingale is not a trading system, it is a recovery system, and is profitable if you limit the iteration to 8 or so and if it fails you use the long term recovery. See the problem here is that people learn a little about something, get burnt because they only know a little and are afraid to try again to learn how it is done right. If you don't know what a quick recovery system is and how it works in conjunction with the long term recovery, then you are right, don't use a martingale or any kind of recovery system. If you are not willing to learn about these programs and how they really work, do not use these systems. Trading is about learning and what I read on these forums is mostly young traders want something handed to them and refuse to take the time to learn how to make the systems work properly.
I had some workers workers in Nicaragua doing some work for me on a real estate investment. They were afraid to touch a wire that was embedded in a wall that wasn't attached to anything, it was dead but they were still afraid of it. I touched it myself to show it was dead but these grown men were still afraid. I showed them that it was just a piece of plain wire but they were still afraid of getting shocked on a piece of wire that they could see both ends.
Fear and lack of education makes people do and say things that seem stupid to others that have learned about the subject but really, if you don't know what you are doing and what you are talking about, the workers were right, don't touch it. They teach their friends “don't touch it, it will hurt you... and they all miss out on the benefits and so do their equally uneducated friends.
It is unwise to listen to what someone says is a good program and that you should risk your money on it. It is equally unwise to listen to someone who is teaching you their fears and then you avoid learning and using something simply because someone says its bad...
The various recovery systems that people are talking about here and on other forums is old and have been replaced years ago with modified systems that do work. But the workers are still talking about something that has scared them in the past and are stuck on a word or a fear.
This from an old man, if you don't know how it works, don't use it, but it is wrong, evil, to talk good or bad about something that you really don't know about. All of this stuff is in a book, read... and stop listing to other peoples fears.
Learn before you earn, but this is the wrong place to do it. Anyone can post their opinion here but opinions are like rectums, everyone has one, it is just that some stink.