Lucas Leguisamo Mallo / Publications

Why martingale EAs look profitable… until they aren’t (especially on gold)

Over the years, I’ve tested and observed many Expert Advisors , especially on XAUUSD. And there’s something that keeps repeating itself again and again. Most EAs that show amazing backtests on gold rely on some form of martingale or grid logic. At first glance, everything looks perfect: high win