Ok - so the manual trading gambler's dream using a martingale eventually blew the account as we knew it would. ANY martingale will most likely blow an account. The trick is...withdrawing more money than you invest.
A couples years ago I developed a similar automated EA. This uses a Martingale/Grid as well, but is completely automated. If an account is going to blow anyway, why waste valuable personal time watching charts? My goal is to start with $300 and withdraw every $100 and see how many times this can be done before the account blows.
Understand, I am a gambler, not trying to teach anyone trading styles or techniques. I do this for fun.
RedRhino posted: You said it like a true professional gambler. Best luck with this approach to trading.
Thanks Frank - I can't call myself a professional trader as I am nothing close. Just an old poker player. At least at the poker table, I could intimidate my opponents. Forex charts don't react to an 'across the table' stare. LOL
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