Slightly Different Martingale Robots

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chris_constantin
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From: u.k
Registered: 10-25-16
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04-11-17 10:23:22

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Slightly Different Martingale Robots

I came across this EA called Budak Ubat on this website. It is quite good but different compared to other Martingale robots.

Basically this robot increases lot sizes on the same direction and keeps buying or selling if the market is gone against you however the good thing is that whenever it opens a newer order with a new lot size, it will also modify the take profit price of all previous orders that previously opened with lower lot size and at some point the market does come up and close all orders in profit.

Have you come across any similar martingale EA like this one? Has it given you good result in live or demo account? If so then please share your experience and results and also please tell us all the name of that EA?

Really looking forward to a healthy discussion and hope it helps a lot of other traders.

jon01811
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04-11-17 13:13:38

Martingale is very dangerous system of Forex. Its need lot of money for trade. First test on demo , then go for live trading.

chris_constantin
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04-12-17 08:26:17

jon01811 wrote:
Martingale is very dangerous system of Forex. Its need lot of money for trade. First test on demo , then go for live trading.

If there is such martingale system that can cope with $500 account and double it within a month then I think it is worth the risk.

svanan1988
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04-13-17 04:56:54

Yup, i have tried this before. You need atleast 10,000 in equity to run this robot in a manageable risk level. I used 100USD in micro account and more than a few occassions I almost MC'ed myself. Well I was lucky I survived with 40% return within a month. Then I bailed out. Too risky for my liking.

aftdiasfz
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From: Portugal
Registered: 04-14-17
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04-14-17 16:25:36

Is tour ea based on martingale? Soesn t that seems a little risky?

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