frizi Posted April 9, 2012 Report Share Posted April 9, 2012 Anyone have Wolfe Wave Forex Robot for sharing. http://iticsoftware.com/wolfe-wave-trading http://www.myfxbook.com/members/iticsoftware/wolfe-wave-forex-robot/262897 Quote Link to comment Share on other sites More sharing options...
pro Posted April 9, 2012 Report Share Posted April 9, 2012 Wolfe theory: the vendor is the wolf, looking for the dump sheeps buying his BS.... ITS A DANGEROUS MARTINGALE!!!! Quote Link to comment Share on other sites More sharing options...
profxtrader Posted April 9, 2012 Report Share Posted April 9, 2012 Martingale is dangerous if implemented recklessly. I don't know the first thing about this particular EA, but in one of the EA's we run, there is a martingale component. It doesn't just martingale into infinity. It intelligently picks levels to double positions and it had a hard stop. If it gets hit, it gets hit. We make about 40% a year on that particular EA (not this wolfe wave one). 40% is a phenomenal return in my books as I'm not interested in the risk that's associated with 200% returns. Again, I know nothing about this EA. All I'm saying is the notion that Martingale is dangerous comes from poor implementations of it. callahan 1 Quote Link to comment Share on other sites More sharing options...
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