With martingale, or any other trading/betting methods the most important thing is that are you able to double your account more often than burning it.
If you are, then you should not have a problem... Start depositing 10% of your capital, and try to double it... if you can make it, then repeat... after loss, repeat again with 10%...
As mentioned, not any mm method will turn negative expectancy into positive, martingale is just fascinating, because it makes you think that you may win, even if you are not that good taking entries..
If you want to use martingale, try this... Trade with 1:1 rr... after win, decrease risk by 5% and after loss increase by 5% of original risk... that way all your losses are smaller than your winnings.
However, that won´t turn your edge, but allows you to trade longer than with basic martingale...
Example... You have 10 000 account.
First risk 500 and lose
Second trade risk 500*1,05= 525 and lose
Third trade risk 550, and win
fourth trade risk 525 and win...
550+525-500-525=+50 units..
With basic 5% of balance risking model, your losses are always bigger than your winnings... I would say, that best way to increase account size is using
fixed risk for a month, and after that adjusting it again..
10 000 account
first monht
risk 500/trade
After a month you are up to 20% so next month you are risking 600/ trade etc...
If you are, then you should not have a problem... Start depositing 10% of your capital, and try to double it... if you can make it, then repeat... after loss, repeat again with 10%...
As mentioned, not any mm method will turn negative expectancy into positive, martingale is just fascinating, because it makes you think that you may win, even if you are not that good taking entries..
If you want to use martingale, try this... Trade with 1:1 rr... after win, decrease risk by 5% and after loss increase by 5% of original risk... that way all your losses are smaller than your winnings.
However, that won´t turn your edge, but allows you to trade longer than with basic martingale...
Example... You have 10 000 account.
First risk 500 and lose
Second trade risk 500*1,05= 525 and lose
Third trade risk 550, and win
fourth trade risk 525 and win...
550+525-500-525=+50 units..
With basic 5% of balance risking model, your losses are always bigger than your winnings... I would say, that best way to increase account size is using
fixed risk for a month, and after that adjusting it again..
10 000 account
first monht
risk 500/trade
After a month you are up to 20% so next month you are risking 600/ trade etc...
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