DislikedNo. The math doesn't work.
You WILL lose 6 in a row if you trade any length of time at all.
You WILL lose 10 in a row, at some point.
Pure martingale as well as the one you put up violate the essential rules of risk management.
Never increase your bet, unless:
1. Your equity has increased
and/or
2. Your expectation of winning has increased.
Anytime you go bigger after a loss, you are violating number 1.
Martingales, in all their forms, are based upon the due fallacy- the idea that after a loss, or a series of losses, you are due for a win. You aren't. The market does not keep track of your wins and losses and strive to keep them balanced.
If you have a legitimate 50% system, after 10 losses, the odds of winning the next trade is still 50%.Ignored
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Sorry about my english...