Even if you find an EA that back tests 10 yrs profitable, That doesn't mean it will survive next year. Also, If you are running
live, You would be foolish to blindly think the EA, Or trade is always going to come back around.
Martingales, If left unattended. Or unleashed. Can be dangerous.(only a fool trades with a blindfold)
But, Myself, I have found them to be very profitable!!!
-You must monitor them.
-Use proper MM
-Use Equity protection.
-Call upon your experience, To know when to intervene.
hi everyone, i had been following this thread for a while. shame the accout took such a beating. i have tried to backtest this ea numerous times over longer periods and i can never get it to make money like the other backtests posted here. i have it working great for 2009 onwards only. i would like to see the updated version that is been run with additional pairs to see if it can keep it going. i
am testing and looking for a martingale type or lot increaser EA to run on larger accounts but to look for just 3% a month but impossible to blow up an account. this would be my retirement fund account. any ideas you have let me know.
good luck guys