{REQ} Wolfe Wave EA BJF

[frizi]

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

[pro]

Wolfe theory: the vendor is the wolf, looking for the dump sheeps buying his BS....

 

ITS A DANGEROUS MARTINGALE!!!!

[profxtrader]

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.