Based on the 100% risk this account is currently running at the moment ...
.. it is likely gone now.
Yes this is END. Update is off.
This is true for every martingale system sooner or later only blown account.
That is not true.
Although FXCharger had an interesting basic concept, it was simply curve fitted to a specific market situation which existed the last years. Just ask yourself why it was not possible to backtest the system for periods before 2013!
I have developed my own system based on the basic idea, but managed to make it viable for a much wider range of market conditions resulting in surviving any tests since 2003 including the financialc crisis 2008/2009 and the current Covid-19 period.
Sorry but backtest has no value in forex. It is based on the past and does not guarantee future results.
Hard to imagine how wrong you are. Backtesting is the only way to find a true statistical edge in this business. But I guess you rely on the MT4 backtester when talking about backtesting. Well, then you just have no clue.
True (paid) tickdata with variable spreads and slippage simulation gives you an even worse environment than you would ever experience in live trading. Here you can look for a real diamond!
Wanna know what indeed has no value? Forward testing! Why? Because you do not have 20 years of lifetime to waste evaluating a strategy just to find out after 13 years it is rubbish. And thats the point. Market behavior changes in cycles of more than 2-5 years. Thats what I was referring to in my last comment. Having sth that works for the last years only is most likely curve fitted - just like FXCharger.
But what do I know, my own strategy using the basic concept survived to Covid 19 period without any trouble.