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Is martingale a go-to for EAs?

taewookim02

New Member
is hedging martingale a go-to for EAs? Just started to get into mt4 and have completed a lesson on udemy about automated trading. However the teacher did not share any trading strategies except for using Bollinger bands and RSI. However, I had feedback of those indicators are not enough for automated trading and will end up bankrupting the account.
 
my two cents, you must have a fairly large account, consider using cent accounts, so that it can withstand large drawdowns.
micro pips if possible
you must also consider large bumps in the world economy, i.e. the fed announcements etc
 

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