Are they really starting over with $10.00 Wow now that's confidence.. I've seen the phrase 'Correctly Ballanced' used quite a bit.
I think it would work better if the bias was with the trend instead of against it. That way the blowouts would NEVER happen.
Plus they could use larger lot sizes and make money even faster. It would really be great if they would work with the Total Grid people and merge the best of both programs..
and how many times I'm reading this 'going with the trend'. this is called a perfect EA. and this doesnt exists.
and which trend? which MA on which TF will define the trned? you can found at any time 2 different trends... 1 up and 1 down.. which one to choose?
remember its a martingale, and the strategy is simple with a martingale, start with a signal, no matter which one, then open the trade and starts the martingale...
you can found a sample code on mql4.com where the entry point is just a random number! and the result is quite impressive.
FE as a sizing strategy which differs from most of the martingale on the market which just double the size, here the size of the trades is better balanced based on statistics.
there is some improvement to do for sure.
if you can find a perfect trend, please share your strategy, I tried 20+ of them, no one works so easily.