DislikedYour luck might work for some time, but you'll certainly run out of it.
It's very important to fully undestand how powerful and dangerous martingale is.
Let's take 10 000 account - if you start with just 0.1 lot (1:100 leverage), how many consecutive losses that account can take if you use just 20 pip SL?
Maybe surprise but only 8.
1) 20
2) 40
3) 80
4) 160
5) 320
6) 640
7) 1280
8) 2560
That's it, your account is gone.
Wikipedia will help you more with mathematical side if you are still interested:
http://en.wikipedia.org/wiki/Martingale_(betting_system)...Ignored
- | Joined Mar 2011 | Status: Member | 441 Posts
'For the market to work, it needs people who think that they can beat it.'