Does Martingale Forex Robot work like this?

[golddigger]

Do all Martingale Forex Robot actually do not look at the trend or price level (comparing to the historical data)? I feel like most of them are in this way..

 

[rango]

im not sure maybe but its better to dont use robots free robots

 

[ioguadagnosolo]

My experience (in demo) is bad for martingala and anti-martingala.......
if you are lucky (no trend) you can make big profit but when the market become directional you will burn the acct.
i checked several times this kind of trading style and also other traders have had the same results.

 

[1billi]

I found using Martingale with good management can be good!

 

[naufalfxpro]

Yeah martingale is quite a dangerous strategy as you can burn your account because of the recovery entry

 

[kha_]

any one can recommend a free robot that is reliable?

 

[ioguadagnosolo]

any one can recommend a free robot that is reliable?

i think 30% of the robot are using the martingale/antimartingale as entry/exit point but the real issues are:
-you need to have a lot of money on the acct even if you trade 0.01 as minimum lot.
-you could keep the position also for several months if the market doesn't retrace
-you could lose much more money than you get on the acct
-you could pay a lot of swap and generate an additional lose for that

 

[aforrest40]

any one can recommend a free robot that is reliable?

Not sure that there are any tbh

 

[Wilfredo]

Martingale works best if you have a big account and you only bet a small % of your money per trade. About 1-2% for initial lot should be fine. I do combination of martingale and hedging.

 

[vinci]

Martingale alone is not good, but I have seen a robot that uses martingale on top of another indicator strategy and makes good money like 80-100% every month but it does have a drawdown of 30% sometimes. Trading with 0.01 lot on a $1000 account is good.

 

[anc200]

https://www.forexfactory.com/thread/765739-success-with-martingale-hedge-possible

this one is a decent EA but its not without its problems. It does use a hedge but at the end of the day when a currency pair trends these systems don't do well

 

[rsmart82]

Martingale used without aggressiveness can be profitable . but it is always risky . whatever profits comes just withdraw.

 

[elhajjhassan94]

im not sure maybe but its better to dont use robots free robots

Exactly Free Robots are a bit Dangerous in my Opinion

 

[nikl07188]

MG is all about math. You must calculate probabilities of you hitting a bad streak and not winning. If out of 100 trades, there's a 10 % prob., then after 1000 trades, you will eventually blow your account (if a bad MG streak does that...)

 

[robherhrga]

Martinagle is dangerous . better find robot who only trade signals like adex

 

[KrakenTrading]

+90% of EA's are using Martingale and the majority are clones of other bad EA's. I am using 3 good stable EA's since 6 months and making around 5%/ month on passive income.

 

[forexprofits]

Do all Martingale Forex Robot actually do not look at the trend or price level (comparing to the historical data)? I feel like most of them are in this way..

So far the best free EA i used is the Bollinger Bands. Very profitable and free in the mt4 market.

 

[FFFilip]

Martingale is quite a dangerous strategy as you can burn your account because of the recovery entry.

 

[parkour852]

most of the ea that use martingle that i saw are dangerous . they use big lot size . you should consider that

 

[karli20]

I don't recommend martingale either, and if you use it, it also works with equity sentry ea