MyFxBots

A martingale trading strategy depends on the theory of mean reversion that needs a plentiful supply of money to gain reasonable profits, missed trades that can destroy an entire account need to be afforded, also the amount risked on the trade is much higher than the potential possible profit. Forex system developers can find ways to improve the basic concepts about the martingale strategy that can boost real chances of succeeding.

The martingale strategy was most commonly practiced in the stock markets but now it became so popular in the currency market as these currencies, unlike stocks, rarely drop to zero. Stocks of companies can vanish as the company can close so easily for many reasons, while currencies of a whole country can't vanish, and if happened, it'd be a choice of the country itself. A currency value just may fall, but rarely reaches zero even in periods of a sharp decline.

The Forex market also has another advantage over stock markets, so that it attracts more traders with capital high enough to follow the martingale strategy. The ability to trade in both directions allows traders to earn interest to offset a portion of their losses with that interest income. A clever martingale trader knows how to use the strategy on different currency pairs and directions to overcome losses till the big win reached. In other words, he would borrow from a low-interest rate currency and buy a higher interest rate one.

Many Forex system developers also converted this strategy to automated Forex robots so that it can do what the clever martingale trader does without his emotional stress affecting the trading decisions, below are reviews of some of them:

Fx Splitter is a basket trading expert advisor using martingale strategy.
Currency Pairs: AUDCAD, AUDNZD, CADCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCHF and USDJPY
TimeFrame: H1
Updated On: Tue Jan 19th, 2021
4.27/5
21 total votes.

User Profile