Unfortunately, I think that there is no big difference between the EAs above and this PDF strategy
Well, it is martingale obviously, it's using x2 lot size, not x3, but let's take a deeper look...
The real problem is written inside the PDF:
__Continue this sequence until you make a
profit. Lots: 0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6, 19.2 and 38.4[/quote:knu2daie]
It's easy to write this - just open 19.2 lots and you will be fine! But can you open such amount of money now?
Do you know how big is 1 pip when you have opened 0.1 lots in EURUSD? It's $1.
Let's take a look how many dollars you are "ready" to lose...
0.1 lots, 60 pips loss -> $1 x 60pips = $60
0.3 lots, 60 pips loss -> $3 x 60pips = $180
0.6 lots, 60 pips loss -> $6 x 60pips = $360
1.2 lots, 60 pips loss -> $12 x 60pips = $720
2.4 lots, 60 pips loss -> $24 x 60pips = $1440
4.8 lots, 60 pips loss -> $48 x 60pips = $2880
$5640 are lost at this moment...
9.6 lots, 60 pips loss -> $96 x 60pips = $5760
oops... this one was bigger than all the previous 6 losses!
There is a HUGE chance of hitting... say 5 stop-losses one after another with such a small SL/TP. Will it hit 6 stop-losses - for sure! Will it hit 7 stop-losses - for sure! What about 10 stop-losses in a row - no problem!
But you can try martingale with giant SL/TP - more than 300 pips. There will be another problems like the cost of having a trade running for weeks.
In other words this PDF strategy isn't that "awesome"
But I truly believe this simple PDF file is AWESOME for the website that is mentioned many times inside. Wow, I should make the same PDF for fxdreema.com 