To all the Martingales haters, this method exist for a reason, because it wins. If it was a bad strategy, it wouldn't have been named after him, maybe you or me.
I shall share my Martingale story to those near, let them hear. Its is true statistically speaking, that it will blow the account, not if but will. And it will only happen on
some conditions, like (a) you do not have enough funds for it (b) you allowed it to happen. If you know that its a Martingale, and wanna use it, do the math, and set the appropriate
precautions. It means you do not need to see it max lots and losing and still let it happen. Put your stops. Gotta know the EA well. So up til now, my Martingales have not blown
my account, but they have doubled my account, (i love that girl), and until she does that, she still part of my team. She's can double my bankroll in half a day with what is given.
A valuable resource i can rely on. If I'm losing and the only way is take a risk. Who do you have in your arsenal to do the job? Scalper? Those are useful but wont make you money quick.
A team of EAs should have their respective advantages. News, Scalpers, Breakouts, Hedging, and me personally I'll put Grid in there. This agent i know, shes the one that introduced me to bots.
She has 4 running on one account. Consistently making 20% weekly. So love it or shun it. its your choice. But if you are here and reading this. There is no such thing as safe. Forex is a risky thing. All EAs have their uses, Its up to the users.