When to martingale?

Hi, I have also tried martingale system, I used some values from 1 to 3 multiplier, I also tried to have bigger or smaller TP than SL.

I have run thousands of simulation and come to conclusion, that martingale doesn't work safely. 

If you have like 1000$, you don't have to worry about probable burnout, but try it when managing 100k$.

I had system, that could survive 20x loss. Well, in one simulation I had 23x loss :-D

It's a matter of time, when there will be such a loosing spree, which will burn account. Why risk it? 

Professional traders focus on low drawdown and stable profits

There are lots of methods to implement martingale. Briefly like:

1) Using manual provided pip steps

2) Using Dynamic pip steps

Both can on top to use indicators or other strategies to add orders.

Martingale, Hedging and Grid

The forum threads

1. Martingale vs. Non Martingale (Simplified RoR vs Profit and the Illusions)
   
2. Definition: classical martingale, progressive dynamic growth martingale, progressive static growth martingale, anti martingale or inverse martingale
   
3. Martingale, Hedging and Grid : MHG
4. Featured Martingale EA to explore and expand, provided by a programmer 
5. Does a safe Martingale exist ?
6. Why people are still trying Martingale Systems?
7. The Video - Trading The Martingale and Anti Martingale Strategies

CodeBase

1. Angry Bird (Scalping) - expert for MetaTrader 4 - the settings and trades - look at this post.
2. Three Typical Candles Martingale - expert for MetaTrader 5
   
3. iRSI Martingale 10 Levels - expert for MetaTrader 5
   
4. Grid Semiautomat Panel - expert for MetaTrader 5
5. Grid Template EA - expert for MetaTrader 4
   
6. VR---SETKA---3_v2 - expert for MetaTrader 5
7. Grid - script for MetaTrader 5
   
8. KNUX Martingale - expert for MetaTrader 4
9. MacdPatternTraderAll0.01. Time+Martingale - expert for MetaTrader 4
10. Pure_Martingale - expert for MetaTrader 4
11. Trend_Catcher - expert for MetaTrader 5
12. Ingrid Martingale - expert for MetaTrader 5
    
13. MultiMartin - expert for MetaTrader 5
14. N trades per set Martingale - expert for MetaTrader 4 
15. Martingale Smart - expert for MetaTrader 4 
16. Reversing Martingale EA - expert for MetaTrader 5
17. VR Calculate Martingale Lite - indicator for MetaTrader 4
18. VR Calculate Martingale Lite MT 5 - indicator for MetaTrader 5 
19. Hoop master 2 - expert for MetaTrader 5
20. Martingale EA - expert for MetaTrader 4
21. Simple candle filter martingale EA - expert for MetaTrader 4
22. RSI Martingale - expert for MetaTrader 5
    
23. more here
    

The articles

• What is Martingale and Is It Reasonable to Use It?
• Grid and martingale: what are they and how to use them?
  
• What Is a Martingale?
• Statistical Verification of the Labouchere Money Management System
  
• Developing a cross-platform grider EA (part III): Correction-based grid with martingale
• Martingale as the basis for a long-term trading strategy
• Reversing: The holy grail or a dangerous delusion?

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Never

Hedging, grid trading, same as Martingale.
          Martingale, Hedging and Grid : MHG - General - MQL5 programming forum 2016.12.20

Martingale, guaranteed to blow your account eventually. If it's not profitable without, it is definitely not profitable with.
          Martingale vs. Non Martingale (Simplified RoR vs Profit and the Illusions) - MQL5 programming forum 2015.02.11

Why it won't work:
          Calculate Loss from Lot Pips - MQL5 programming forum 2017.07.11
          THIS Trading Strategy is a LIE... I took 100,000 TRADES with the Martingale Strategy - YouTube