Nothing to prove, I just want to study and analyze it. I am against any kind of martingale systems so I won't run it even with demo account.

tacticat, if you have a martingale EA, have you back test it? Run it in several pairs with at least 10 years of history data, look at the result and show us if you don't mind.

XharpScalper, Magix already add $300 fund to avoid margin call. So, theoretically it already hit margin call. Adding more fund to avoid margin call is a bad habit, showing bad money management ability.

Requirement to win in forex without martingale: Profit Margin > 1 (Profit Margin = Total net profit / Total net loss) Requirement to win in forex with martingale: Never loss x times in a row (Profit Margin > 1 is "not required anymore") The problem ...

If the total profits of the winners are HIGHER than the total losses of the losers, then you are already become a winner, you don't need martingale at all.

It is difficult to say 100% that it is a scam. If before your friend added more fund, the floating loser trades were already created and were in red and the trader didn't tell your friend, then the trader is the one to blame, he was lying about the ...

When all those loser trades (or most of them) were opened?

That is why NFA forbid hedging. Tommy, you should check the time all loss trades were closed, if it is closed after all new deposits, then it is clear that the trader hide his losses.

I understand clearly now, Skenobi. Thanks a lot.

I don't understand your statement. "How much more or less risk averse you are" --> If my system give me buy signal, I should take it no matter I am a more or less risk averse, right? Do you mean that the method that contain the edge must be suitable ...

I have more question for both of you, experts. Which kind of entry method that you consider give better result, enter market at breakout (buy at top price) or enter at a retracement (for directional trading). This question have come in my mind since ...

Thank you for your answer, JacobFordFX.

Hi Skenobi & JacobFordFX, Here are my questions: 1. Do you think having only statistical edge is enough for a trader to trade consistently profitable? (exclude money management and psychology of course, I am strictly talking about trading signal) 2. ...

Have you guys do some research of how bigger and how more frequently Oanda widening spread compared to other brokers is? I checked it at url and found it that the difference between Oanda max spread and other's brokers are not too large (5-10 ...

The most important thing is no broker. They only eat you equity.

Yes, I already reinstalled it. Thanks.

There are 3 traders, Alex, Bobby and Cindy. 2011: Alex +$300 Bobby -$500 Cindy -$700 Fact: 33% of them made profit in 2011. 2012: Alex -$250 Bobby +$600 Cindy -$300 Fact: 33% of them made profit in 2012. 2013: Alex -$400 Bobby -$500 Cindy +$200 ...

Before, I thought that averaging in might be a good idea, but then I have done my research on this issue and found out that single entry approach gives better result than either scaling in (add position to winning trades) or averaging down. It ...

I do the same thing with you. My indi even calculate for me so I only need to enter the number.