Can anyone explain about the Matinngale strategy?

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Ning Liu
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12-25-16 04:08:14

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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?

rudiprayogo
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01-05-17 17:24:54

Ning Liu wrote:
Martingale is a probability theory of fair game which was developed by a French mathematician, Pierre Levy in the 18[sup]th[/sup] 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?

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