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Obviously the martingale has a bad reputation because it's blown up so many thousands of accounts.
It's a very good strategy though, there's no better way to reel in some big fish than with a martingale.
I prefer a fade in fade out grid. Controlled risk, greater efficiency.
I setup my first signal here on mql5.com and the main reason was to prove to myself and everyone in the world that MartinGale does work.
I love Martingale and it has many different ways of including it in Expert Advisors.
I started off with $1300
I have withdrew $1600
And I still have $2000 in my account.
The above proves MartinGale works.....
I have $300 profit in my pocket, and I also have $2000 Free Money to play with.
If I get wiped out today, I am still $300 up, so there is my proof it works.
Just test your EA if you have one over two years, then when you use it on a Live Account just let it run, and do not interfere with it.