DislikedMartingale is a staking system, not a trading system. The problem with martingale is that, no matter what trading system (entries/exits) you use, you'll eventually reach a situation where you have a losing sequence of several trades, and martingale makes if more difficult -- impossible, if the sequence lasts long enough -- to recover, because the drawdown is necessarily greater, due to the bigger position sizes (1+2+4+8+16+....., and even 1+2+3+4+5+......, rapidly outpaces 1+1+1+1+1......). Price movement is quasi-random, and if you trade for long...Ignored
1. trade small, smaller than you initially think is small enough. then rinse-repeat-compound, it will still add up fast enough.
2. to counter the unfavorable sequences that inevitable come, best to use a %equity drawdown STOP! if the % isnt overly large, your usual trading activity will be able to recover it quickly enough. important that it is neither too tight, and they wont be very common events. point #1, the right position sizes should help with this.
in the end, with certain parameters, you can say you have a trading system, the same just as much as risking 1% equity on a R:R 3 trading systemcan be considered a betting system.
of course, in both "systems" crucial to have some sort of edge to use for entry point/initial entry point.
there is always, always another trade!!