Disliked{quote} Hi Josh, You made your point, and I think that you are not obligated to use that System at all....Let's be honest, if you are here, chances are you are looking for something that works and gives you the peace of mind you deserve.... Well, before you go all crazy on the Martingale approach, you need to understand that this system is not a perfect system, and that system is tradeable on Range Bound Market..... By the way, if you were paying attention about the rules in place or the conditions involved, you would come to realize that this system...Ignored
I am not obligated to do anything but to die and pay taxes, same as everyone else. You presume a lot about me.
I have seen many ea's that are similar in nature to this one, particularly martingales. This is not my first time on the block and I am not looking for anything. What I am pointing out is, that if you load the indicator alone on a chart, just take a scroll and you will see mountains that would be hard to survive...just like any marty. It is tradabe in range bound market....great, but what happens when that range shifts to a trend and you are on the opposite side? I am highly suspicious that limiting to London/Frankfurt open for setups will not cure this. Best I would hope is that i can double an account to cover my investment, then take profits until it eventually blows out. But, I wish you the best of luck with it. My post was to point out, when you look at martingale eas of similar nature, the same problems are here IMO.
GL
Best, Josh