DislikedI'm a programmer and have extensive experience with manual and automated Martingale systems. I would advise against it, it doesn't work long term, unless you have infinite cash which no one has. If we are talking about martingale with stoploss, then it can't be categorized as martingale, it will be called averaging down. Martingale is betting double until you win (or you go bankrupt/blown account), not until a certain condition is false. i.e. Average down to stoploss below major support. Averaging down has huge potential if you know what...Ignored
Here is mine:
Martingale is betting in a way which, at the end of a cycle, allows to recover the losses in that cycle plus your initial bet.
Simplicity is the Ultimate Sophistication.