HI everyone ---
When martingale works it's brilliant... until it blows up your account. I was wondering if anyone has read, seen or knows of any clever method to 'neturalize' martingale?
Specifically, I have a imperfect hedge, weighted towards the direction of the trend, eg. 0.2 lots buy, 0.1 lots sell -- which increases every time there is a reversal until the TakeProfit level is hit.
So far so good, until of course after too many reversals and lots scaling you blow up your account before the TakeProfit is hit.
Could anyone suggest any clever techniques to neturalize a martingale strategy like this to allow you to set a maximum exposure in lots/margin?
Thank you !!
When martingale works it's brilliant... until it blows up your account. I was wondering if anyone has read, seen or knows of any clever method to 'neturalize' martingale?
Specifically, I have a imperfect hedge, weighted towards the direction of the trend, eg. 0.2 lots buy, 0.1 lots sell -- which increases every time there is a reversal until the TakeProfit level is hit.
So far so good, until of course after too many reversals and lots scaling you blow up your account before the TakeProfit is hit.
Could anyone suggest any clever techniques to neturalize a martingale strategy like this to allow you to set a maximum exposure in lots/margin?
Thank you !!