Did Martingale work for someone?

With martingale, or any other trading/betting methods the most important thing is that are you able to double your account more often than burning it.
If you are, then you should not have a problem... Start depositing 10% of your capital, and try to double it... if you can make it, then repeat... after loss, repeat again with 10%...

As mentioned, not any mm method will turn negative expectancy into positive, martingale is just fascinating, because it makes you think that you may win, even if you are not that good taking entries..

If you want to use martingale, try this... Trade with 1:1 rr... after win, decrease risk by 5% and after loss increase by 5% of original risk... that way all your losses are smaller than your winnings.
However, that won´t turn your edge, but allows you to trade longer than with basic martingale...

Example... You have 10 000 account.
First risk 500 and lose
Second trade risk 500*1,05= 525 and lose
Third trade risk 550, and win
fourth trade risk 525 and win...

550+525-500-525=+50 units..

With basic 5% of balance risking model, your losses are always bigger than your winnings... I would say, that best way to increase account size is using
fixed risk for a month, and after that adjusting it again..

10 000 account
first monht
risk 500/trade

After a month you are up to 20% so next month you are risking 600/ trade etc...

Maybe there have still few traders who are making money by this strategy! But, we are not!

10 pips grid martingale can archive 100% in 2-3 days, what if withdraw profits after hit 100%, even account blow 2-3 times per month i think we can grab some profits with, it just a suggestion,can some expert give a idea about my suggetion

100% monthly return within just 2-3 days! How it’s possible? It’s not looking like realistic.

The funniest thing about martingale that it works until it doesn't. It's a ticking time bomb for you deposit. Sure, there are some people for who martingale has worked, but I'm guessing there are very few of them. The only trading style that has worked for me over the years is scalping.

Hello suneth Could you please show a screenshot or statement ? My experience has shown me that it is not possible to double your capital for 2-3 days with martingale. However, I believe that this is possible only if the settings are very aggressive, however such settings are very dangerous for the account. Share some proof in this regard

This martingale trading strategy did not work on me. This make make bankrupt.

Wow, you are not alone Anton Every martingale which is not well managed could blow your account. Only professionally managed martingales, with low risk settings and many months of tests could generate you the real success

I have also bad experience on this trading system; but as far as I know; it’s one of the most popular trading strategy. Now I’m comfortable with price action; much meaningful.

I don't see how Martingale itself will work. I've tried it, it's dangerous. EAs aside, if you have an edge say for example you were expecting a reversal and entered a short position but price kept climbing for another 30 pips or so, you could enter again with a much larger position so that the reversal and your latest larger entry will cover your first entry hopefully with profit. That's how I used to do it, but calling tops and bottoms aren't too ideal when something is trending really badly. The biggest problem with martingale is quite simple: limited capital. If you had entered a small enough position to cover 10 levels(or 10 losing trades) consecutively, that'll give you a 10% risk exposure. Not much but in the world of Forex it's enough to blow an entire account.

The only way Martingale can work for you is if you bring that risk exposure down >=2% meaning you can survive 50 consecutively losing trades which is actually quite impossible in the literal sense because retail traders just don't have that kind of capital.

Martingale, it's pretty cool, but I only dare to try it on cent accounts, not dare to try it on live accounts