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Topic: Can anyone explain about the Matinngale strategy?

Can anyone explain about the Matinngale strategy?
I heard about it, and wonder how it works. Personally I dont think it will work, but I am not a programmer, i cannot prove it.

can anyone help me?

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Re: Can anyone explain about the Matinngale strategy?

Ning Liu wrote:

Martingale is a probability theory of fair game which was developed by a French mathematician, Pierre Levy in the 18th century. Without getting too technical, from a trading perspective, Martingale approach involves doubling up every time a loss is incurred. Taking the example of a simple heads and tails of the coin flip, in a Martingale approach, every time there is a loss, the next bet is doubled, in hopes to recover the losses as well as gain one up from the loss.
Can anyone explain about the Matinngale strategy?
I heard about it, and wonder how it works. Personally I dont think it will work, but I am not a programmer, i cannot prove it.

can anyone help me?

Share

Posts: 2

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