As a grid trader I want to comment on this.
Your system is too simple and will fail. As others have commented, any black swan would wipe you out in a flash.
The fact that your grid is fixed means that your strategy is dumb.
The key to making money with "martinggale" is incorporating intelligence into your robot. For example your grid should resize itself on the fly, you can use a variety of indicators to dictate grid size.
You need to use round trip hedging with martingale if the trade goes against you, for example you have 1 basket of trades, then a central basket of hedges plus a secondry head to counter a market reversal against the hedge.
Entry needs to be based on market conditions, some days woodies CCI works other days HAMA or elliot can give better entries. The way I work is to combine all the popular indicators and only enter when all are in agreement.
Your system is too simple and will fail. As others have commented, any black swan would wipe you out in a flash.
The fact that your grid is fixed means that your strategy is dumb.
The key to making money with "martinggale" is incorporating intelligence into your robot. For example your grid should resize itself on the fly, you can use a variety of indicators to dictate grid size.
You need to use round trip hedging with martingale if the trade goes against you, for example you have 1 basket of trades, then a central basket of hedges plus a secondry head to counter a market reversal against the hedge.
Entry needs to be based on market conditions, some days woodies CCI works other days HAMA or elliot can give better entries. The way I work is to combine all the popular indicators and only enter when all are in agreement.