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:

Last Updated On: Fri, 7 Apr 2023

To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.

Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.

Currency Pairs AUDUSD
TimeFrame H1.
17 total votes.
Last Updated On: Sun, 5 Mar 2023

The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.

Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.

Currency Pairs Trader's Dun: EURUSD, USDJPY, EU ...
TimeFrame H1.
47 total votes.
Last Updated On: Sat, 30 Jul 2022

Multi-strategy-based Scalping Expert advisor.

Currency Pairs 28 Currency Pairs (Enable Major ...
TimeFrame Any (according to the set file given)..
298 total votes.
Last Updated On: Fri, 6 May 2022

StrikeFX is a multicurrency martingale Expert Advisor of a new generation that doesn't settle for too long, gains stable earnings, cuts losses early before they grow, and absorbs the losses. In other words, "Martingale without diapers" is the motto of this EA.

TimeFrame H1.
27 total votes.
Last Updated On: Wed, 4 May 2022

Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The whole strategy is protected with a News filter.

Last Updated On: Wed, 23 Mar 2022
Forex Warrior is a Grid expert advisor, it remains in the market 24/7 opening long and short positions simultaneously applying a precisely selected martingale-based strategy.
TimeFrame H1.
258 total votes.
Last Updated On: Tues, 19 Jan 2021
Fx Splitter is a basket trading expert advisor using martingale strategy.
TimeFrame H1.
21 total votes.
Last Updated On: Tues, 26 Mar 2019
FxStabilizer precisely computes the most suitable situation to open a trade and then perform every ability to close it in profit. It is also packed with an absolute trading security mechanism as a last resort where the loss will be stopped at a preset percentage of the deposit the trader is ready to risk.
Last Updated On: Sat, 4 Mar 2017
Forex Testosterone TSFX EA is a mathematical two-martingale (interacting external & internal) algorithms with a logic that closes orders according the current risk and account balance.
Currency Pairs USDJPY (in the Basic Version) + ...
TimeFrame Any.
35 total votes.
Last Updated On: Fri, 24 Feb 2017
Multiple strategies are working together in MineSweeper EA, basically back Martingale for the first 3 - 4 orders, then basic Martingale to increase the profits with risk minimizing measures after 7 - 8 - 9 orders.
TimeFrame M1, M5 and M15 (Other Timeframes are Supported Too).
60 total votes.
Last Updated On: Sun, 20 Mar 2016

Forex Seven EA trades on 20 different currency pairs till a sufficient total equity profit is reached, then it closes profitable trades. It's a highly reliable system with strict control over drawdown providing a high degree of protection to the account being traded.

TimeFrame M30.
93 total votes.
Last Updated On: Sat, 29 Aug 2015
FXOxygen is a martingale EA with a unique trading formula according to which it calculates certain trading hours everyday for opening its trades.
Currency Pairs EURUSD and USDJPY
TimeFrame M30.
26 total votes.