Now this is a good example while considering martingale systems:
My 'Risky' version of martingale is maxed out on USDJPY and possibly looking quite 'bad' at this moment ( https://www.myfxbook.com/members/TRM...-fx-v0/1977124 ) but if i decide to close the positions at this stage (without expecting or hoping it to come back in my favour ) , i will still have ~64% profits in 8 weeks which isn't bad at all considering the risk reward ( 64% profit vs 20 DD , that too in 8 weeks only ).
So as TGS mentioned and i have explained several times that one needs to know what are they dealing with. Sometimes you have to take the pain pill and lock your losses or sometimes you have to have faith as statistics might favor you. In this case, i am letting my 'Risky' martingale run on its own to see how it does. It has been quite promising to try it on live so even if it blows this time, i won't be discarding it. ( Stable versions are in my arsenal along with Currency Strength bot )
My 'Risky' version of martingale is maxed out on USDJPY and possibly looking quite 'bad' at this moment ( https://www.myfxbook.com/members/TRM...-fx-v0/1977124 ) but if i decide to close the positions at this stage (without expecting or hoping it to come back in my favour ) , i will still have ~64% profits in 8 weeks which isn't bad at all considering the risk reward ( 64% profit vs 20 DD , that too in 8 weeks only ).
So as TGS mentioned and i have explained several times that one needs to know what are they dealing with. Sometimes you have to take the pain pill and lock your losses or sometimes you have to have faith as statistics might favor you. In this case, i am letting my 'Risky' martingale run on its own to see how it does. It has been quite promising to try it on live so even if it blows this time, i won't be discarding it. ( Stable versions are in my arsenal along with Currency Strength bot )