Strange comment. :)
No money management = Effectively Gambling
i think i know why he said that.
when there is no money management you can see the "true" dd and expected payoff
Well based on our experience money management makes often absolutely unreal results of tests. If you subtract expected payoff and costs on every single trade (with the same volume), than you can count if an EA has even chance to be profitable. That's the reason why every our test is without money management.