Martingale or not martingale?

I am personally not an advocate for Martingale and non-Martingale strategy. It can be risky. The main reason is that the Martingale strategy relies on the assumption that a losing streak will eventually be followed by a winning streak. However, in the unpredictable nature of financial markets, there is no guarantee that a winning streak will occur within a specific timeframe.

You can check these articles for further information:

https://insights.primecodex.com/mart...ding-strategy/
https://insights.primecodex.com/anti...gale-strategy/

If you are good at timing potential peaks and throughs in asset price (not exact but at least close) then you can make money with martingale for some time but in the long-term this strategy is unsustainable.

A while back I completed a forex Udemy course, where the instructor promoted a system of taking a trade in the trend direction with fixed SL and TP pips. If stopped out take a same size reverse trade. If take profit then open another trade in the same direction. Keep going until you judge it's time to stop. Larger the timeframe the larger the pip setting. Just now I adapted my testing EA to run this. Surprisingly good results, even though I'm against Martingale style trading in general.